We have seen weakness in the gold price over the past two weeks. If gold fails to break higher from its ongoing consolidation over the next 3-6 months, a significant culprit will sell amongst broad-based commodity funds. Below we zoom in on a detail of the CRB Index (Commodities). Gold […]
The Federal Reserve increased short-term interest rates on Wednesday by 0.25%. This is the fourth fed rate hike of the current cycle which began in December 2015. Short-term rates now stand at 1.00% – 1.25%. That is generally low levels, yet now a full point higher than they were 18-months […]
Gold Price decreased to $1,249.60 (-0.54%) per ounce, Silver Price $16.66 (-0.35%), Platinum Price $925.60 (-0.60%), Palladium Price $870.85 (-1.04%), Dow Jones index 21,462.91 (0.37% increase). Here is a new week ahead. Investors might get a break from the staggering news cycle that has dominated in June. There’s only smattering […]
The failed breakout and reversal back below the long-term declining trendline at $1,280 for gold this past week is a negative development for the entire precious metals complex. From a technical standpoint, it is exactly what we did not want to see as far as a market-ready for a major […]
The “800-pound gorilla” in the investment world is not the US stock market or the gold market. It is the US treasury bond market. The US bond market, at over $40 trillion in value, is much larger than the US stock market. The bond market comes in at a little […]
