Gary Savage
Gary Savage Articles
Gold market is not an easy market to make money in. Up a little, down a little. Almost impossible to make sustainable gains right now. Virtually impossible to time the tops and bottoms during this churning stage.
We really needed to see gold make a higher high on this last rally and it does not appear that it will do it. Gold is vulnerable to more attacks on Monday morning. What could very well happen, a marginally lower low.
Here is the problem with gold. The last three times gold tried to get above the 200 d.m.a., it was not long before there was an attack.
These secular bear markets in the US Dollar lasts usually 6-8 years. The bull market likely ended early 2020. The $CRB has started a secular bull market.
Currencies are the most manipulated markets on the planet. The intermediate cycle low is over? Will the gold cartel attack gold here near the 200 d.m.a.? A hard stop below $1,760-pivot is a good idea, swing point, and we do not want to...
November third meeting for the FOMC, the US Dollar Index is correcting and a "big game" tapering talk will help it to reverse but this will fail. Gold will have a lot of attacks and probably unlikely to get above the $1,835 area and then...
Investors think they can just throw a dart at a commodity and it will go up. I suspect next year will be a lot different. Over a year and a half where commodities have gone straight up, and some of them have gone straight up...
The gold cartel will have a lot easier time manipulating gold lower here with a stronger dollar. As I have said many times in the past, metals are the second most manipulated markets behind currencies. Governments have an inflation problem.
Another week- another 360,000 Plus people applying for first-time jobless benefits. More bad economic news to confirm that our economy is crumbling and that the only way stocks are staying elevated is through central banks “printing and...
Gold bugs tend to be emotional and tend to focus on metals and ignore any other trade or asset classes. Here is the problem as I see it, there is an inflation problem and the administration may try to control every commodity, but there are...
