We noted last week that gold was coming close to completing a triangle formation, which would point to a break-out. That happened last Thursday 21st October, with gold breaking higher and running up towards $1,820 before correcting. The uptrend line that formed part of the apex of that triangle should now provide support. The narrowing […]
Gold and silver still fluctuating, no discernible trend
We have noted frequently that while inflation may be the current focus of the markets’ attention, it is not necessarily the key driver for gold prices. In the present environment, with the delta variant still ebbing and flowing, the possibility of the economic recovery being derailed is a concern and therefore, once again, we have […]
Gold: continues to improve as U.S. policy doves gain the upper hand; ECB turning hawkish
All of which is bearish for the dollar in the short-to-medium term Spot gold over the past twelve months Since our most recent note, a fortnight ago, the markets have had the Jackson Hole Symposium to absorb, disappointing employment numbers from the United States, members of the European Central Bank talking of closing out the […]
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. We have noted before that a degree of inflation is important in order to help stimulate spending and investment, both at the institutional and […]