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 […]
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 […]
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. Gold’s moves in recent weeks have been gentle and in a now well-defined uptrend (see the second chart, below) that started in early June […]
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. The Coronavirus is showing no signs of easing and, quite the reverse, the contagion is spreading overseas. The Chinese Government is sparing no effort […]
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. Last week was something of a masterclass in how the gold market can work in times of stress. It is axiomatic that gold is […]