4,198. That’s where gold closed the week — down marginally for October, 10% below the August recovery high, and 15% below April’s record. The metal has spent three weeks pinned between 4,091 and 4,259, and the longer this compression lasts, the more violent its eventual resolution will be. The bull case, on its last legs […]
Gold’s September has gone from disappointment to rout: the metal has fallen from 4,396 to near 4,200, and every attempt at a bounce has been sold within hours. Assigning blame is easy — there are three culprits, and they all point the same way. Culprit one: the revived dollar August’s dollar stall is history. The […]
Here’s the question every gold bear is asking this week: the dollar hasn’t fallen — so why is gold surging? The metal has climbed from 3,955 to near 4,600 in seven weeks, and the usual inverse correlation with the dollar has decoupled. USD/JPY is still elevated, the dollar index is flat rather than down, and […]
4,000. Gold spent last week circling the most watched round number in the commodity world, dipping to 3,963 before recovering to close at 4,082. The metal has now gone almost three weeks without making a new low — the longest stabilization since the April peak — and technicians are starting to whisper the word “base.” […]