"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 2 hours Experts vs Investors: Who Has It Right?
  • 4 hours The Wild World Of Celebrity Endorsed ICOs
  • 20 hours The Five Most Important Market Indicators
  • 2 days Ethereum Blockchain Tops Bitcoin's In Latest Study
  • 3 days Is Gold Only For Long-Term Investors?
  • 3 days Record Refinancing Points At Next Big Housing Bubble
  • 3 days Bitcoin Forks Explained
  • 3 days PayPal’s Latest Acquisition Has Competitors On Edge
  • 3 days The Royal Wedding Could Bring Billions Into The UK
  • 3 days Goldman’s Crypto Trading Desk Is Just The Beginning
  • 4 days The Five Most Important Blockchain Trends In 2018
  • 4 days Walmart’s E-Commerce Rebound Fails To Boost Stock Price
  • 4 days Japan Threatens U.S. With $400M In Tariffs
  • 4 days Are Markets Showing Signs of A Topping Pattern?
  • 4 days Goldman: Tesla May Need To Raise $10B By 2020
  • 4 days The ‘Wolf of Wall Street’ Is A Multi-Million-Dollar Deadbeat
  • 4 days The Key Takeaways From Blockchain's Biggest Week
  • 5 days Senate Votes To Protect Net Neutrality, But What’s Next?
  • 5 days 3 Tech Stocks With Real Upside
  • 5 days Trump's Trade Dilemma: Export Growth Or National Security
Goldman: Tesla May Need To Raise $10B By 2020

Goldman: Tesla May Need To Raise $10B By 2020

Amid Tesla’s latest round of…

3 Tech Stocks With Real Upside

3 Tech Stocks With Real Upside

The stock market rally has…

Gold

Gold lost $46/oz. last week to close at $1,245.60 and, while it might not feel like it, gold is still up $43.70 for the year. My price forecasting model generates a target of 1,206 for this decline. Seasonally, gold tends to make a bottom of undetermined degree in the period from June to July.

This year, inflation expectations have me wondering if gold might bottom earlier rather than later during the two-month period. In the chart below, inflation expectations (blue) show a large jump-up this spring and can be seen at the right. Inflation expectations are highly correlated to the price of gold and have a tendency to lead gold at bottoms. They've gotten a big lead this time (bigger than most instances) and I have to believe that the only thing holding gold down is waiting for seasonality to be right for a bottom. Another week like last week would get gold to my price target. I find two different Middle Sections pointing to lows on Friday June 13 and Monday June 16.

5-Year Treasury Constant Maturity Rate and Gold Fixing Price Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment