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Market Updates

Oil Update: Target Reached

It is entirely possible the resistance can break and smart money will sell to dumb retail.

Precious Metals Update Video: Momentum and bias is up

FOMC minutes came out and negative real rates and helped gold. Gold has resistance near $1,838 and chartists taking note.

Precious Metals Update Video: Gold's momentum turning up

Gold being pulled to the 100 and 18 day moving averages.  200 day moving average near $1,840 is next.

Gold SWOT: Mining Companies Are Increasing Production

Gold continues to be sold by ETFs, with the Thursday trading sessions witnessing their largest redemptions for the week. On a year-to-date basis, gold ETFs have reduced their holdings by nearly 6%.

Is Gold in a Cyclical Bear Market?

In a recent article gold analyst “Plunger” made the case that gold is in a cyclical bear market. In cycle terms he’s saying the 8 year cycle has topped. However there are a few inconsistencies that make me hesitant to jump on the bear band wagon right now.

Asian Metals Market Update: Dissecting June to October's Trend for Gold and Silver

Just like gold, silver generally has had a lacklustre four months between June to October. Unlike precious five years, momentum for silver is very bullish.

Technical Scoop: Jobs grow, labour falls, stocks up, yields down, Dollar climbs, gold rises, oil diverges, West burns

It is noteworthy that the U.S. is still short 6.8 million jobs from a year ago February 2020. And the population has grown. Many have dropped out of the labour force.

So Maybe Gold Actually Does Suck

The good news is that, whether you call it a correction or a cyclical bear, it is occurring in the context of a much bigger, secular bull market that still has significantly higher to run. 

State of the Gold Mining Stocks, Bull or Bear?

Frankly, I am tired of the relentless bullish bias of this sector.  It leads an investor to throw his hard earned money down the drain. Since August 2020 the gold stocks have been in decline, yet one hears only the bullish call  “to the moon” or “rocket launch” from various sources. ” It’s just a correction” is what we hear.

Precious Metals Update Video: How can gold's trend turn up?

Gold monthly chart very much so in a bear pattern, gold weekly chart closed just below the 18-week moving average with a bias down but not in a trend. In a battle zone area.

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