Blog
Patrick Karim, Charts and Gold’s Next Breakout
I have heard it said that technical analysis is “Astrology for Men”, the inference being that it’s got about as much use as arguing something will happen to the markets because the stars say it will. Keen to dispel this myth, I decided to chat with chart expert Patrick Karim so we could explain exactly […]Gold Hits New All Time Highs
The big news in gold is two-fold right now; gold hit new all-time highs in several currencies and central bank demand for physical gold remains strong hitting a year-to date record in Q3 this year. Gold at $2,000? So whilst the headlines were all about dollar-denominated gold showing us that it’s still destined for levels […]
2024 Gold Forecasts Make Gold Shine Even More
LBMA This week I attended the LBMA’s Global Precious Metals conference in Barcelona. As usual it was a flurry of activity and discussion between cross sections of those involved in precious metals. At the end of the conference attendees are asked to give their forecasts for the precious metals markets, for the next 12 months. […]
Gold Hits Two Week High As Uncertainty Grows
Overnight the gold price hit a two-week high. One of the ‘supports’ for the gold price was the release of FOMC minutes yesterday, something that once upon a time would have done a bit of a number on the price of gold. Instead, it barely blinked. The metal also finds itself well supported on account […]
Gold Down But Not Out
Gold and silver continue on their downward trajectory this week. The US Government Shutdown Deal and comments from FOMC members appear to have boosted bets that the Fed will make space for one more hike in 2023. Prior to the last-minute debt-ceiling deal (yawn) being struck at the weekend, markets had favoured a December hike, […]
Gold: It’s Who’s Buying It That Counts
Gold has been on a bit of a losing streak this week, hitting a six-and-a-half month low. This morning the yellow metal found some (very) modest support in the face of slightly lower Treasury yields, another US government shutdown looming and concerns regarding the Chinese economy. However, it’s likely that it will fall further given […]
Gold Slips as Fed Signals More Hikes to Come
Yesterday the FOMC concluded their September meeting yesterday, leaving rates at their 22-year high. It signalled another rate hike was coming, this side of Christmas. The FOMC also amended its projection for 2024 rates, raising them from 4.6% to 5.1%. Unsurprisingly the US dollar surged whilst gold fell back. Prior to the FOMC statement gold […]
When The Weight of Inflation Becomes Too Much
In a comment to MarketWatch last week we said that traders this week would be most focused on the CPI report that came out yesterday. In that very report, Inflation came in hot, above expectations, and posted its biggest monthly increase in August this year. It’s up 3.7% from a year ago. However, markets didn’t […]
Expect $2,500 – $3,000 Gold In Next 12 Months
It’s that time of the month again when we bring in a top chart analyst to take us through what they’re seeing in the markets, right now. This month we have the brilliant Gareth Soloway. Gareth explains why he’s watching the US Dollar, what he means by “Good news is bad news” and when we […]
