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Market Updates

Gold Stocks: A Meeting With Michelangelo

Whether there’s a dip to $1928 or price bottoms here around $1985 is likely determined by the CPI and FOMC announcements.

Wednesday all about Fed Monetary Policy Stmt. & Press Conference 1PM CT

As you'll see, the pattern remains bearish: lower highs, lower lows for the near term. I want you to listen to me – for the near term.

Major SPX Market Move Ahead

Economics will more often point you in the wrong direction when it comes to the stock market. Economic factors do not drive the market. Rather, market sentiment does.

CPI Day - Which in Turn Impacts Wednesday FOMC Day

The dream would be that the gold market keeps coming down on the weekly chart and gets into that 18-week average, holds it, and starts up again, but I don't think that's going to be the play.

Gold SWOT: The U.S. Government Is Starting to Show Bipartisan Support for Mine Development

Gold’s surge Monday evaporated before U.S. market open, finishing the day nearly $50 lower. China added more gold to its reserves in November, their 13th consecutive monthly purchase.

Technical Scoop: High Jobs, Golden Reversal, Santa Rally

Coming is the so-called Santa Claus rally and the January effect. Watch carefully. Gold often makes a low in December. Gold fell sharply on December 8.

Gold Not Yet, Copper Will Retest $4

Gold isn’t going to $2,500 in the current macro environment — high rates, a high dollar, lower inflation, and positive real rates are all bearish for gold.

Asian Metals Market Update for 11th December 2023

Volatility will be very high in gold and silver. Base metals and energies price trend will be dependent on news from China.

Gold-Record’s Calamity; Stocks’ Stark Misfortune-to-Be

Gold’s dominant trends all remain up:  that includes the key 21-day linear regression trend, and both the year-over-year regression trend and the parabolic Long trend, now a healthy eight weeks in duration and accelerating upward.

Gold & Silver Outlook after Contrived Flushout...

PM sector investors have just been royally played – first they are encouraged to pile in on gold’s breakout to new highs, which occurred when it was already very overbought, and now they are being pressured into barfing their holdings before the sector turns around and then goes on to break out for real.

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