Gold has some strong support below at $1803-$1812/oz (futures). U.S. interest rates hurting gold here. Short-term rates' incentives are pretty big for that time...
Gold is still languishing as the US$ Index continues an upward path. Oil still looks poised to break out and natural gas (NG) put in a big reversal week to the upside. Could energy prices soar again?
With but two trading days remaining to complete this year's second month -- a year which finds Gold repeatedly being hyped to the heavens -- price is actually now -0.7% for 2023..
That is why uranium promises to be the among the most rewarding investment categories over the next 20 years. Don't wait to get aboard, since share prices are likely to launch..
With a 5% treasury yield, incentive to own gold changes. Gold has pulled back and hit our target. You will start to see the pros start entering down here.
Gold has not broken out yet because of the Federal Reserve's delayed but aggressive rate hikes, the large increase in real interest rates, and, most recently, the economy avoiding recession. However...
We are now working on the assumption that all our diagonal triangle formation is complete at the 1819.00 low, which completes waves $v$ and our second wave ^b^. We should now be starting to rally higher..
