Chinese lockdowns and a failing stock market there have gold buyers in a lacklustre mood. Some miners are trading where they were when gold was $500-$600/oz and that’s obviously disappointing...
At the moment, the biggest issue are global central banks raising interest rates. Gold is fighting this and is unable to overcome this. Gold nearing its 200 day moving average..
Yes, Gold's price continues its lower grind, (the current Short trend in mind), but 'tis the Fed that's in a REAL bind. StateSide annualized REAL Gross Domestic Product just shrunk for the third..
A lone deflationist on the lunatic fringe of economics 30 years ago, I wrote in Barron's that an out-of-control dollar eventually would do us in. Specifically, I asserted that a short squeeze on dollars...
Metal markets struggling. Silver acting terrible. Copper, I would be on my toes here. Gold on the monthly charts shows the price breaching above the weekly Bollinger bands, starting to open..
