Disappointing US numbers last week and at the end of the previous week have raised talk of a Fed pivot sooner rather than later. When it comes to market sentiment, perception is everything so even if these suggestions are premature (which in our view they are), they will colour expectations regardless. As a result we […]
Archives for October 2022
Coininvest round-up Monday 24th October 2022 and a link to part of the LBMA/LPPM Conference
Metals Gold has largely trended lower since we last wrote a fortnight ago, easing from $1,680 to a low late last week of $1,620; it has, however, found some support since and, as we write, spot prices are holding above $1,640. Silver followed suit, easing from just over $20.60 before consolidating between $18.20 and $1,850, […]
Coininvest round-up Monday 10th October 2022 and a look at the Indian harvest
Gold’s rally in the first week of October, which had already started when we wrote last week, continued until midweek when overbought considerations brought about profit taking. Strong U.S. employment figures put further pressure on the price as the Fed’s rate cycle came back to center-stage The previous downtrend was broken, and with gold currently […]
Coininvest round-up Monday 3rd October 2022
We’ll take this most recent market assessment also as a range of charts and bullet points as I was on leave last week Gold caught a bid towards the end of last week as the Bank of England came out in opposition to the UK Government’s fiscal policy and announced bond purchases to take some […]