Mark Mead Baillie
Market Analyst & Author
Mark Mead Baillie has had an extensive business career beginning in banking and financial services for two years with Banque Nationale de Paris to corporate research for three years at Barclays Bank and then for six years as an analyst and corporate lender with Société Générale.
For the last 22 years he has expanded his financial expertise by creating his own financial services company, de Meadville International, which comprehensively follows his BEGOS complex of markets (Bond/Euro/Gold/Oil/S&P) and the trading of the futures therein. He is recognized within the financial community of demonstrating creative technical skills that surpass industry standards toward making highly informed market assessments and his work is featured in Merrill Lynch Wealth Management client presentations. He has adapted such skills into becoming the popular author each week of the prolific “The Gold Update” and is known in the financial website community as “mmb” and “deMeadville”.
Mr. Baillie holds a BS in Business from the University of Southern California and an MBA in Finance from Golden Gate University.
Mark Mead Baillie Articles
We start with this reprise from our missive dated 12 November, (Gold then 1774): "...as to duration and 'how far up is up' ... (drumroll please) ... 1923."
...So does Gold not necessarily go. Through these first four trading days for the 21st Century's 23rd year, Gold's net change is +2.2%. Here's how that (below in bold) compares century-to-date for each year's first four trading days and...
Well, well, well. In a year during which Gold at large was hyped to the moon, it actually finished 2022 essentially "unch" (front-month COMEX points basis) in settling yesterday (Friday) at 1830.1 ... whereas one year ago Gold settled 2021...
Long-time readers of The Gold Update know that we don't overly dwell on that produced by our very respected great and good fellow precious metals' colleagues for but one reason: we simply desire our attention span (such as 'tis or 'tisn't...
Six weeks have passed since Gold's weekly parabolic trend flipped from Short to Long (at 1745 on 10 November). And based on the prior ten Long trend follow-through by points, we've herein been remindful throughout that 1900 is possible on...
Across the past six weeks, the price of Gold has risen from as low as 1618 (03 November) to as high as 1823 (05 December) -- what with those Happy +15 points of contract premium that we cited a week ago -- is an all-in gain of +12.6%, (or...
When on occasion Gold grabs the steering wheel as it did this past week, we're told to "Get in, fasten your belt, shut up and hang on!" Especially so when Gold has just filled up with premium. For there's nothing like +15 points of price...
This past Wednesday whilst many a StateSider were preoccupied toward getting from home base to grandma's place, or worse, under the stress and duress of hosting Thanksgiving in full finesse, one might have missed Gold instantly regress...
Following their prior robust trading week (07-11 November) wherein Gold gained +5.3% across a 109-point trading range and Silver +4.2% in spanning 1.70 points, the precious metals this past week went from molten to frozen.
In respectfully gleaning from said genetic phrase, we query: might one classify Gold's sevenday +158-point move from the 03 November low of 1618 to the high yesterday of 1776 as "biblical"? Perhaps a bit of a stretch that ... but it wasn't...
