When everyone’s going one way, we’re getting to a turning point Silver Managed Money short at over a three-year high Last week saw a major wash-out in both gold and silver as the markets finally buckled under the head of pressure that was building up and the increasingly negative technical picture. While the U.S. markets […]
Gold trying to break higher – markets firmly in risk-off
It’s always a sign of extreme nervousness when the dollar, Treasury yields, and gold are all moving higher. With the markets now fully expecting a 50-point rate hike from the Federal Open Market Committee at its meeting of 3rd and 4th May, attention has been increasingly focused on geopolitical risk, which of course revolves largely […]
Risk-aversion hits silver
After the washout in mid-June following the Fed’s shift in stance, the bargain hunting that we noted over the following two weeks extended into last week also, taking prices up to a test of $1,830 last Thursday, before running out of momentum. At that stage, based on the technical study Bollinger bands, and to a […]
Weekly markets round-up
Welcome to a very brief overview of the recent performance in the markets. The essentials are captured in the table below and each week we will show a chart of interest. As we write gold has just enjoyed seven consecutive days of net price gains from 13th May onwards and has started this week on […]
Weekly markets round-up for Coininvest
Welcome to a very brief overview of the recent performance in the markets. The essentials are captured in the table below and each week we will show a chart of interest. Since our last note (8th March), when gold posted the lowest intraday prices since 8th June 2020, it has traced an upward recovery and […]