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Market Updates

COT Gold, Silver & USDX Report - October 2, 2020

Positions as of Tuesday, September 29, 2020.

Precious Metals Update Video: Copper falling hard, Gold up for the week

Gold bounced off its 18-week moving average. Daily gold chart trend is up, lots of resistance above -- Video update

Gold Market Update - limited downside, big upside...

The good news is that no technical damage was incurred because of this breakdown, as gold is well above important support and well above its rising 200-day moving average. So the fact is that that this drop has actually improved its technical condition by completely unwinding its earlier overbought condition.

Precious Metals Update Video: Congress still far apart on relief bill, Gold in Bullish set-up

Gold fell back into the support zone, now gold in an upside bias short-term market. 

Precious Metals Update Video: Gold found its legs

Last trading day of the month and quarter today.  Gold is back above $1,900, finding its legs.

Gold: I See Green Shoots

While silly American democrats and republicans have fist fights in the street as government debt becomes truly insane, Chinese gold-oriented citizens prepare for their biannual (twice a year) “Golden Week” holiday.

This Gold Price Correction Is Normal and Healthy, Says the DNA of Volatility

I’ve already seen numerous headlines questioning whether this is the end of the gold rally. Hardly. Corrections such as this are normal and healthy. They’re a part of gold’s DNA of volatility.

Gold SWOT: Gold Could Hit New High by Year End, Says Citigroup

After announcing a surprise 3.5-fold mining extraction tax increase in Russia last week, the government slightly reversed course. Silver mining will be excluded from the tax and new mining projects will also be shielded.

Precious Metals Update Video: Gold market is fighting a battle

Gold's 18-daily moving average is at $1927.30, resistance. Gold market is fighting a battle. 

Gold, Silver & HUI Big Pictures

Gold is good and targeting much higher levels, but the Handle making is actually a correction to clear the riff raff from the investor base before that rally.

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