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Market Updates

COT Gold, Silver & USDX Report - September 11, 2020

COT Gold Report - Positions as of Tuesday, September 8, 2020.

Big Gold-ETF Buying MIA

This gold bull’s precedent shows differential gold-ETF-share selling usually follows soon after big and fast holdings builds exhaust themselves.  Compounding these risks after gold’s recent parabolic upleg are the young traders who heavily drove it.  Their modus operandi is chasing upside momentum, and once that fails they are quick to abandon trades. 

Precious Metals Update Video: Gold caught in a sideways market

Gold is still caught in the sideways action. No trend. $1955 is the 18-day moving average. Bollinger Bands are tightening.

Gold And Silver Are Set Up For A Huge Move

Institutional investors have maybe 0.5% of their assets invested in the precious metals sector. At the peak of the gold/silver in 1980 institutions had 5% invested in the precious metals sector. Since then that allocation has not been above 1%. Eventually a monster move is coming in silver and the mining stocks, though no one can say when it will occur.

Market Update: Stocks, Gold, Dollar

Gold is bouncing back and forth from oversold to overbought. An entire month, we have gone absolutely nowhere.

Precious Metals Update Video: Gold spinning traders

Gold's 18 weekly closing average int he $1840's and rising. In the daily chart, price has not gone anywhere last month. Spinning traders around.

Precious Metals Update Video: Gold is Drifting

Dramatic shift in the markets the last 3 days.  In gold, no trend and drifting. The price is playing around these levels...

Asian Metals Market Update: Buy the Dips in Gold & Silver

Brexit news and European central bank meeting (tomorrow) will shake the market. World might see the beginning of a short term currency war.

Gold SWOT: Palladium at a “Golden Cross”

World Gold Council (WGC) data shows that central banks’ net purchases of gold fell below 9 tons in July, the lowest since 2018. After two years of strong buying, demand has eased in 2020. Bloomberg notes a slower pace of buying could curtail an important driver of gold’s rally.

Gold & Stock Market: Key Tactics Now

Whether it is government, central banks, or health organizations, what they all have in common is a refusal to make saving money a cornerstone of crisis preparation. 

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