Latest News and Articles
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Uncertainty: Deadly for Markets and Not Likely to End Any Time Soon
Written by: Steven Feldman, CEO Hard Assets Alliance At this juncture in our global economic landscape, I find myself increasingly selective about which financial news sources I trust. Bloomberg and Financial Times have emerged as my primary mainstream reads, largely because they maintain a refreshing absence of political bias in their reporting. Their recent analyses
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Boring Gold Seeks Adventurous Investor
You want an asset that holds its value? You want an investment that’s hassle-free? You want something that literally nobody will envy you for but should? Well, look no further.
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Gold Market Report – June 27, 2024
Overnight: After dollar and bond yield strength pushed gold to head and shoulders neckline support at $2294 yesterday, gold rebounded sharply last night. The yellow metal traded higher in a range of $2297 – $2320, as a pullback in the dollar (DX from 106.05 – 105.85), rescued it from the chopping block. The dollar was
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Capitalizing on Gold’s Positive Tailwinds in 2024
Written by: Laurent Lequeu AKA “The Macro Butler” As the economy is increasingly weaponized and the world moves toward WW3, driven by the warmongers in Washington and Brussels, it is no surprise that China announced that it sold a record amount of US Treasury and agency bonds in Q1 2024. Beijing offloaded a total of
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Gold Market Report – June 18, 2024
Overnight: Gold softened overnight, trading lower in a range of $2326 – $2307. However, once again, support at $2300-07 (up trendline from 2/14 $1984 low, 6/14 low, options) proved solid. It faded a modest bounce in the US dollar, as the DX rose from 105.32 – 105.56. The greenback was helped by: Bond yields continued
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Gold Market Report – June 17, 2024
Overnight: Last night, gold was fairly steady but directionally lower, and declined in a range of $2329 – $2316. This was despite the US dollar being stable around 1mo highs it reached on Friday, as the DX traded narrowly and either side of unchanged (105.55). The DX was sandwiched by: Bond yields were firmer and
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Gold Market Report – June 13, 2024
Overnight: Gold softened last night, trading lower in a range of $2323 – $2304. It was hit with a wave of selling on the Chinese open, which took the yellow metal down to $2309 (silver also hit, knocked from $29.60 – $28.85). A firmer US dollar also weighed on gold, with the DX moving up