• 93 days Could Crypto Overtake Traditional Investment?
  • 97 days Americans Still Quitting Jobs At Record Pace
  • 99 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 102 days Is The Dollar Too Strong?
  • 103 days Big Tech Disappoints Investors on Earnings Calls
  • 104 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 105 days China Is Quietly Trying To Distance Itself From Russia
  • 106 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 109 days Crypto Investors Won Big In 2021
  • 110 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 111 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 113 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 113 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 116 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 117 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 117 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 119 days Are NFTs About To Take Over Gaming?
  • 120 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 123 days What’s Causing Inflation In The United States?
  • 124 days Intel Joins Russian Exodus as Chip Shortage Digs In
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Will Gold Reverse again?

Act Exp Prev GMT
China Flag Consumer Prce Index (y/y)
2.1% 2.2% 2.3% Jan 10 1:30

Gold bulls may be exhaling again, while gold bears are silent. Gold and silver enter their 3rd consecutive weekly gain, the longest winning streak since the 3-week rally of Oct-Nov was brought to a violent reversal following Donald Trump's election victory. Some say the metals rally is part of a much needed corrective pullback in USD and bond yields, coinciding with the repositioning ahead of Trump's Wednesday press conference, which will shed more light on fiscal policy and trade policy. Gold and silver bulls are encouraged by the broad improvement in inflation metrics such as US average earnings and rising CPI/PPI in China, UK Canada and even the Eurozone.

But take a look at gold miners, with HUI index entering its 4th weekly gain, testing its 200-week moving average and is on the cusp of a rare golden cross as the 55-WMA crosses above the 200-WMA for the first time since 2012. The last time HUI's 55-200 golden cross took place, HUI rallied 51% (from Sep 2009 to Sep 2011). Will metals survive another fresh run-up in bond yields as Fed speakers respond to higher inflation? Will Donald Trump's fiscal stimulus promises be offset by confrontational international trade policies? Does any of this matter if stocks rise and miners push along with them?  All of this is tackled in our latest Premium video, with the implications for XAUUSD, XAGUSD and HUI.

Gold & Silver: Fake or Real? Can USD & Gold Rse in Tandem? Gold Bullion or Miners? - Premium Video (Subscription Required)

 

Back to homepage

Leave a comment

Leave a comment