Gold consolidating in new range; downward pressure on US inflation levels is fading After a 20% gain in dollar terms from the start of November through to last Monday 16th January, gold is now taking a much-needed period of consolidation, trading between $1,900 and $1,930. Despite being technically overbought for most of January, prices have […]
Coininvest round-up Monday 7th November 2022; slight confusion over Fed messages
Background We noted last week that disappointing US economic numbers had raised talk of a Fed pivot sooner rather than later and that the markets had reacted accordingly. The initial reaction to the Fed statement on Wednesday last week, following the Committee’s two-day meeting, saw gold spike higher and the dollar drop sharply, as it […]
Coininvest round-up Monday 8th August 2022
Continued interest in gold; sentiment improving A mighty nonfarm payroll number takes some of the wind out of gold’s sails As silver continues to outperform, which is bullish Fed doves turning hawkish Silver much perkier than gold as we write (8th August) After a 5.6% rally in week to Monday 1st August, and an accompanying […]
Coininvest round-up Monday 20th June 2022
Gold holds steady while all around it fails Last week, with the Federal Open Market Committee front-loading rate hikes and the European Central Bank holding an emergency meeting only one week after its scheduled June meeting, equity markets plummeted with the S&P 500 losing almost 9%, although the European markets, while still in the red, […]
Coininvest round-up Monday 6th June 2022
Gold remains caught between conflicting forces, with the near-daily changes in expectations for the Ukraine conflict, and with some signs of easing in the housing market in the United States. Headlines are proliferating about inflationary forces in an increasing number of countries and real interest rates are in some cases deeply negative, which is supportive […]
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