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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 Down $100? This Really Shouldn’t Be A Surprise
It’s been a tough couple of weeks. Everything’s down. Stocks are down, bonds are down, heck, even gold is down over $100. What’s going on? We turned to one of our favourite guests, Technical Traders’ Chris Vermeulen and asked for his take on market activity. What are his thoughts? None of this is a surprise […]
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 […]
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 […]
Should We Worry About The Strong US Dollar?
Over the August period, it’s easy for people to switch off and to some extent, it might feel like the precious metals have been doing the very same! However, if you look at the YTD performance of gold across key currencies in the World Gold Council table provided below then you will take some heart […]
Betting on Gold and Global Dominance: How India’s Boom Could Dethrone China
Buckle up, because India isn’t just racing on the path of economic transformation; it’s blazing a trail. We’re talking about a nation that has evolved from contributing just 6.3% of global GDP growth in 2007 to a projected 17.4% by 2028. The underdog is gaining ground on China, and gold investors might be the unexpected […]
Hammerhead Sharks, BRICS and Central Bankers
This week the world has needed the eyes of a hammerhead shark in order to keep track of the meetings that are taking place. First up the BRICS nations, and interested parties, met in Johannesburg for the 15th summit of the group. And, yesterday saw the start of the Fed’s annual three day Economic Policy […]Does A BRICS Gold Currency Really Matter?
Next Tuesday the BRICS nations will meet in South Africa for the group’s 15th summit. This could be a game changer for gold. For something that only officially existed eight years after the term ‘BRICs’ was created, the bloc known as “The BRICS” has rapidly gone from an informal term for a group of fledgling […]
