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Patrick Karim, Charts and Gold’s Next Breakout
I have heard it said that technical analysis is “Astrology for Men”, the inference being that it’s got about as much use as arguing something will happen to the markets because the stars say it will. Keen to dispel this myth, I decided to chat with chart expert Patrick Karim so we could explain exactly […]2024 Gold Forecasts Make Gold Shine Even More
LBMA This week I attended the LBMA’s Global Precious Metals conference in Barcelona. As usual it was a flurry of activity and discussion between cross sections of those involved in precious metals. At the end of the conference attendees are asked to give their forecasts for the precious metals markets, for the next 12 months. […]
Gold Hits Two Week High As Uncertainty Grows
Overnight the gold price hit a two-week high. One of the ‘supports’ for the gold price was the release of FOMC minutes yesterday, something that once upon a time would have done a bit of a number on the price of gold. Instead, it barely blinked. The metal also finds itself well supported on account […]
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 Slips as Fed Signals More Hikes to Come
Yesterday the FOMC concluded their September meeting yesterday, leaving rates at their 22-year high. It signalled another rate hike was coming, this side of Christmas. The FOMC also amended its projection for 2024 rates, raising them from 4.6% to 5.1%. Unsurprisingly the US dollar surged whilst gold fell back. Prior to the FOMC statement gold […]
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 […]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 […]
Central Banks: The Farce That is Bernanke, Fiscal Dominance and Forecasting
All developed economy central banks have come to, or are fast approaching, the end of their tightening cycles. On the face of it, many are congratulating themselves for a “job well done”. Yesterday’s US CPI data will almost-certainly exacerbate these misconceptions. But of course not all developed banks are feeling like they may have achieved […]
