Category: Updates

MORNING GOLD UPDATE

Wed, 8 May 2019

  The markets feel like a coiled spring waiting for the next news event. The multi-week consolidation pattern suggests prices will either break higher or we will see a terminal 6-month decline to around $1240 and $1255 in late May. The next big market reaction will determine which way prices break. At the moment (10:31 […]

Continue Reading →

AFTERNOON UPDATE (POST FED BREAKDOWN?)

Wed, 1 May 2019

  The Fed left interest rates unchanged- no surprise. They noted inflation was below their 2% goal. That could open the door for a rate cut later this year. The dollar declined after the news. Gold turned positive momentarily, but prices may be reversing back lower.   The 4-hour gold chart remains in a descending […]

Continue Reading →

AFTERNOON UPDATE

Mon, 29 Apr 2019

  Markets want to know if the Fed will cut rates in 2019. Currently, markets are pricing in about a 41% chance of at least one rate-cut in 2019. They announce Wednesday; no rate hike/cut is expected.   GDX UPDATE–>  Gold and miners may get a little tricky before Wednesday’s Fed announcement. Closing below $20.20 […]

Continue Reading →

QUICK PLATINUM UPDATE

Mon, 22 Apr 2019

  Platinum could be working on a breakout. Prices pulled back and successfully retested the $880 level. A rally above $930 would trigger a breakout above the medium-term trendline. The 200-day MA is beginning to turn up. Maintaining $880 is critical.

Continue Reading →