• 316 days Could Crypto Overtake Traditional Investment?
  • 320 days Americans Still Quitting Jobs At Record Pace
  • 322 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 325 days Is The Dollar Too Strong?
  • 326 days Big Tech Disappoints Investors on Earnings Calls
  • 327 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 328 days China Is Quietly Trying To Distance Itself From Russia
  • 329 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 333 days Crypto Investors Won Big In 2021
  • 333 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 334 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 336 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 336 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 340 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 340 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 341 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 343 days Are NFTs About To Take Over Gaming?
  • 343 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 346 days What’s Causing Inflation In The United States?
  • 347 days Intel Joins Russian Exodus as Chip Shortage Digs In
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

  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