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Market Updates

Gold SWOT: China Raised Its Gold Reserves for a Third Straight Month

he People’s Bank of China (PBOC) increased reserves by about 15 tons in January, according to data on its website on Tuesday, pushing its total to 2,025 tons.

Gold Update: $2,000?

Gold has been extremely embed (RSI), heavily overbought, typical characteristic seen during a new 8-year cycle which will see gold taken to $5,000 - $10,000 before it tops. For the short-term, miners are showing an intermediate...

Technical Scoop: Surprising bullishness, notorious February, eery gold, Dollar break, blockbuster jobs, soaring energy

Canada's job numbers were blockbusters. We have a look. Markets were mostly in the red this past week. Except for oil and gas as oil in particular soared as Russia is cutting production.

TNX a Comprehensive Look at US Interest Rates

The long term charts above are strongly suggesting that the bear market in interest rates ended during the pandemic crash low in 2020 after 39 years of decline.

Tuesday's CPI Will Tie Into Metal Market Prices Going Forward

The event coming up is the CPI data. How will the market react with a stronger or weaker CPI? We have two CPI reports coming before the next FOMC meeting. Then there is the jobs market...

Sharp Gold Pullback Healthy

One of the great challenges of trading is overcoming our natural immediacy bias.  When we formulate opinions on anything, we all tend to weight recent events more highly.

Continued Strength in the Dollar Pressures Metals

There has been a chance in psychology, and they can come and go. Gold under pressure with support at $1,861 area the next support, oversold. Will it fall further?

Fortitude Gold Intercepts High-Grade Including 21.34 Meters Grading 7.21 G/T Gold Below Isabella Pearl Pit

“This drill program has given us a better understanding of the oxide and transitional ore blocks in the targeted bottom of the open pit that can be processed using our existing heap leach pad and recovery plant”

Interest Rates Will Impact Dollar Movement

Job market still a problem for the Fed. There are even some bets that we will see 6% rates. Gold's chart is a mess, oversold, no trend. 

Key to the Next Move in Gold is Trajectory of US Dollar

The US Dollar is going to lead where gold moves next...

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