• 518 days Will The ECB Continue To Hike Rates?
  • 519 days Forbes: Aramco Remains Largest Company In The Middle East
  • 520 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 920 days Could Crypto Overtake Traditional Investment?
  • 925 days Americans Still Quitting Jobs At Record Pace
  • 927 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 930 days Is The Dollar Too Strong?
  • 930 days Big Tech Disappoints Investors on Earnings Calls
  • 931 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 933 days China Is Quietly Trying To Distance Itself From Russia
  • 933 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 937 days Crypto Investors Won Big In 2021
  • 937 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 938 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 940 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 941 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 944 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 945 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 945 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 947 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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