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Is gold's rally simply a response to the perception of the currency policies? In our recent discussion, veteran trader Jack Bouroudjian called the current environment "the perfect storm for gold due to the Fed and the economy." CME Group senior economist Eric Norland noted that "g...
Gold stocks are still correcting. Their necessary selloff to work off overboughtness and rebalance sentiment after their latest upleg peak hasn’t finished its mission. The major gold stocks have yet to revisit oversold levels and eradicate early August’s universal greed....
With governments printing money non-stop, gold is sure to rise in value. The IMF is developing a new model to deal with the current crisis and build prosperity for more people in the future. Gold's intense volatility is perfect for making profits day trading using a rigorous syste...
It's monetary inflation (i.e., money supply growth) that determines gold's value, not price inflation. Gold would need to increase to ~$2,400 to get back in line with M2. The U.S. will continue to fund these deficits with more debt and debt monetization. This will result in the ra...
Gold has been suppressed by a rally in 10-year Treasury yields. The dollar is still in the driver's seat for gold, however. I expect the dollar to weaken once the next U.S. stimulus is announced. A falling dollar will strengthen gold's price, pushing it above $2,100. For...
The election cycle and exploding Fed balance sheet will help push gold up. On a number of metrics, gold remains cheap. In the very near term, gold will be pressured until catalysts emerge. But then it promises to head much, much higher. For further details see: Gol...
In the long run, the constant rise in liquidity injected by central banks to assist the restrictive economies will support assets with limited supply, such as gold and silver. However, the rise in uncertainty over the US elections and new rounds of lockdowns to fight the pandemic will...
Just as in 1944, the world and the IMF faces another major point in history. The coronavirus pandemic has killed more than a million people, and the world’s economy will be about 4.4% smaller this year than last. The goal today, just as in 1944, is to fight the immediate cr...
The world is facing economic hardships we have not seen since the Great Depression. As a result of full-scale fiscal and monetary stimuli, fiat money will start losing its value pretty soon. Both macroeconomic and geopolitical uncertainties will be additional drivers for the yello...
With the dollar rallying, amid an impasse on federal stimulus spending, gold has been in a holding pattern. The precious metal has a history of weakness around presidential election seasons, but buying during those time periods is often rewarded. The market seems to be expecting f...
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2024-07-18 23:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
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