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Increasing signs of life in silver bode well for gold

We noted last week that gold was coming close to completing a triangle formation, which would point to a break-out. That happened last Thursday 21st October, with gold breaking higher and running up towards $1,820 before correcting. The uptrend line that formed part of the apex of that triangle should now provide support. The narrowing […]

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Still sideways in stagnant conditions; inflection point coming

When we last wrote a fortnight ago gold was trading between $1,750 and $1,760, having rallied from lows in the region of $1,720. Since then it has traded between technical indicators, albeit with a mild upward bias. Dollar movements (tied in with bond yields), as is so often the case when external forces are muted, […]

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Gold and silver still fluctuating, no discernible trend

We have noted frequently that while inflation may be the current focus of the markets’ attention, it is not necessarily the key driver for gold prices. In the present environment, with the delta variant still ebbing and flowing, the possibility of the economic recovery being derailed is a concern and therefore, once again, we have […]

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Gold’s technical picture is improving; silver is more sluggish.

When we last wrote this column a fortnight ago gold and the bond markets had both heavily overreacted to the Statement following the Federal Reserve’s Open Market Committee (FOMC) meeting, with gold prices falling heavily and the bond yield curves initially steepening. It didn’t take very long for the bonds to settle down and the […]