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Gold is close to 1770 support, from which a short-term bounce higher is likely, but probably premature. In the medium term (6 months), gold is likely to be weak. In the longer term (years), gold is likely to be in an extended bull market. For further details see: Gold's ...
Increased tolerance for risk might explain why gold - almost alone among commodities - has dropped rather precipitously in the past month or so. Among the commodity universe, gold stands out as very expensive, while crude stands out as still very cheap. Expect these prices to norm...
As vaccines are developed and become available, it is bullish for gold because as the economy comes back, everyone will want to travel, renovate their home, travel and spend, spend,. We see a combination of pent-up demand and a broken supply chain, leading to inflation. Reinforcin...
I believe that GLD is hitting a low for this correction either today or tomorrow. GLD is now retesting its 200-day, and this level should act as reliable support just like in the previous bull market. I feel the timing is good for the reversal to take place. I believe this is&...
We are looking at a pretty dark winter in terms of any kind of economic activity. One of the reasons we focus on gold is that gold is going to be a major beneficiary of the situation. Governments are printing endless amounts of debt in terms of US dollars, thereby reducing the val...
Equity markets rallied strongly ignoring rapidly deteriorating fundamentals, and gold slumped on a minor recovery in the dollar's trade weighted index. It is a common misconception among monetarists that the relationship between the quantity of money and its purchasing power is the on...
About a week ago, on November 9, gold and silver prices dropped sharply. A potential bearish reversal on gold’s monthly chart. The same threat in silver. Late year weakness is nothing new. A look at the Sprott Physical Gold and Silver Trust (CEF). For further ...
While investors may be tempted to exit gold holdings due to the past 3 months of performance, I believe it's actually a good time to buy. Gold momentum is positive and strongly suggestive of future price rallies in the commodity going forward. The VIX has remained elevated for a f...
Leveraged ETFs sometimes have an unpredictable behavior. An illustration with 22 ETFs tracking various indexes. A closer look at SPXS. For further details see: SPXS Drift Stays In Negative Regime
Prices are rising in many sectors. Real inflation is far higher than government figures indicate. Soybeans are at a five-year high, above $1162. Grains are rising in price rapidly, as are many other commodities. For further details see: Gold: Welcome To Inflation 2020
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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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