Gold and silver consolidating after retreat More “restrictive” comments from Federal Open Market Committee (FOMC) members Rather than buying on dips, gold is now running into selling into any short-term rally. This is partly self-fulfilling as the technical constructions have become increasingly negative, with the 10-day moving average crossing below the 20-day and gold is […]
Coininvest round-up Monday 6th February 2023
Strong U.S. labour figures throw gold into reverse. Once again it was all eyes on the United States in the gold and silver markets last week. The Federal Open Market Committee (FOMC) meeting concluded on Wednesday with a 25-point hike in the fed funds target rate, to 4.50-4.75%. This was much as expected, but what […]
Coininvest round-up Monday 30th January 2023
Gold consolidating in new range; downward pressure on US inflation levels is fading. Gold has continued its period of price consolidation over the past week and has essentially been trading sideways in a range between $1,908 and $1,946 (intraday). While still in its uptrend, it is now dicing with the 10-day moving average and if […]
Coininvest round-up Monday 16th January 2023
Gold pushes through $1,900 after the Golden Cross Gold, Silver, and the Ratio Last week we wrote as follows: – “It feels to us as if there has been some substantial pre-positioning by professional investors, possibly with a view to the U.S.’ rate cycle peaking this year (which may or may not happen – the […]
Coininvest round-up Monday 9th January 2023
Wishing all our readers a very Happy, safe, and prosperous New Year Happy New Year! Since our most recent note, before Christmas, gold has moved up a gear and silver appear to be consolidating in its new higher range, which it established in the first half of December. As we write gold is assaulting $1,875, […]
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