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 […]
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, […]
Gold treading water, but with an upward bias
Gold has traded in a narrow range since our comments of a fortnight ago, with a low LBMA afternoon auction price of $1,733.75 and a high of $1,774.45, just 2.3%. On an intraday basis the range is obviously wider, between $1,722 and $1,770. The change over the period (LBMA auction price basis) was minimal, a […]
Why You Should Invest In Gold
If there is anything we have learnt over the past 18 months, it’s that nothing is certain! In these times of uncertainty, people are looking for different ways to invest their money. Investing in gold is not a new concept but it may be an appealing one for you! Let’s see why. Why should you […]
Gold heavy falls last week and this week will be nervous
The much-awaited next meeting of the Federal Open Market Committee is this week, the 21st and 22nd of September and the tone is becoming increasingly hawkish. As we noted last week, this meeting is one of the four during the year in which economic projections are published, including the “dot plot” which charts each member’s […]
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