Gold Reaches $2,000/oz Prior to Two “Concerted Attacks” In Futures Market
2020-07-30
The King Report“Anyone that’s been around the block a few times with gold knows that at some point ‘they’ will stage a concerted effort to drive gold lower.” December gold hit $2,000 at 21:19 ET Monday. It then retreated and traded sideways until 22:50 ET. Then someone slammed gold down to $1,955 in 20 minutes. This is obvious “impact trading.” Gold then traded sideways for over four hours.
Gold is Looking Strong as it Tests Resistance
2020-09-16
Since it’s sell-off from it’s early August high, gold has been stuck in an ever decreasing range. Having had a remarkable rally to an intra-day high of $2,078 on the 7th of August Gold has traded sideways and consolidated. This has been viewed by many market commentators as a healthy pause in gold’s bull rally as when markets go parabolic they tend to retrace just as fast.
Where Next for Gold & Silver
2020-10-02
Markets have struggled to find a clear direction as they attempt to digest US election news, debate performance, the impact of increased Covid-19 restrictions in many countries and vaccine news.
Precious Metals Nowhere Near Cycle Highs – Brace for Gains!
2020-10-15
In today’s video GoldCore’s Mark O’Byrne is interviewed by the Wealth Research Group, discussing the start of a new bull run for gold and silver and what we can expect.
Is the US Election the “Cork in the Bottle” for Gold and Silver?
2020-10-23
Today we are taking our weekly look at the charts for gold and silver.
Republicans and Democrats continue to play the “will they, won’t they?” game over another stimulus package in a Covid19 ravaged US economy. An agreement on a package will ultimately be seen as positive for the markets but, with the US Election just weeks away this may prove to prolong negotiations or postpone decisions until the results of the election are clear and accepted by all.
Will Gold Now Retest $1,930?
As you can see from the gold chart below, gold has rallied on positive stimulus news and pulled back as negotiations stall.
After the previous “false break” above $1,910, gold once again closed above this level which opens up a retest of $1,930. However, the short-term upward trend line is
Biden Transition and Vaccine Hopes Weigh on Gold for Now
2020-11-25
Today we are taking our monthly look at the charts for gold and silver. We have now received news of 3 Covid19 vaccines that are seeking approval following successful trials and markets have sat up and listened.
The Great Reset vs. The Great Reset
2020-12-05
In baseball, there is a situation where a base runner is sprinting to home plate and can’t see what is happening behind him. Totally focused on scoring, he doesn’t know if the outfielder is throwing a ball that will reach home plate first. That’s where we get the phrase “out of left field.” (If the ball were coming from right field, the runner could actually see it.)
Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices
2021-01-25
Update January 25, 2021: SNB buying euros at high prices. Sight Deposits have risen by +0.6 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +0.6 bn. compared to last week.