CONTRIBUTED COMMENTARIES
Gold SWOT: inflation expectations at highest level since 2006
Frank E. Holmes - May 17, 2021 01:49PM(Kitco commentary) - This week spot gold closed at $1,843.43, up $12.19 per ounce, or 0.67%. Gold stocks, as measured by the NYSE Arca Gold Miners Index, ended the week higher by 1.07%. However, the S&P/TSX Venture Index came in off 2.47%. The U.S. Trade-Weighted Dollar rose 0.10%.
Bitcoin in macro bearish correction 5/17/21
Moor Analytics - May 17, 2021 01:44PM(Kitco commentary) - On a macro basis: On 4/29/20 we left a bullish reversal below that warned of renewed strength for days-we have seen $52.61 from that open at $15.37 in the (M). On 5/5/20 we left a medium-term bullish reversal below. We have seen $44.90 from $23.08.
Gold is bullish 5/17/21
Moor Analytics - May 17, 2021 01:41PM(Kitco commentary) - I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2 of this.
Gold historically follows inflation higher. Will it do so again?
Richard (Rick) Mills - May 17, 2021 12:24PM(Kitco commentary) - Precious metals are among the best places to park your money in times of economic or political distress.
Watch out as gold appears to be staging new momentum base in preparation for a big upside move
Chris Vermeulen - May 17, 2021 12:01PM(Kitco commentary) - Although Gold has continued to drift downward after reaching a peak near $2089.20 in early August 2020, our Custom Gold Inverse Trending Index suggests this weakness has actually built a very strong momentum base - preparing for a big move higher.
CPM Group Trade Signal - May 17, 2021
CPM Group - May 17, 2021 11:37AM(Kitco commentary) - Gold reached CPM's 7 May $1,850 objective today, 17 May, touching $1,855.80 in early trading.
It's a rally! gold, silver and platinum Higher
Todd 'Bubba' Horwitz - May 17, 2021 09:47AM(Kitco commentary) - Gold and silver have been churning in consolidation for the past week and now breaking out to new 3-month highs. What do 3-month highs mean? On their face, nothing but you canâ??t get to 6 months, annual, or all-time highs without starting somewhere.
The Metals, Money, and Markets Weekly by Mickey Fulp - May 14, 2021
Mickey Fulp - May 14, 2021 08:10PM(Kitco commentary) - The Metals, Money, and Markets Weekly by Mickey Fulp - May 14, 2021
Gold - Potential break at 1.845 with a target at 1.965
Mauricio Carrillo - May 14, 2021 04:46PM(Kitco commentary) - Gold is trading higher on Friday for the second day in a row after bouncing off the intra-week low of 1,808 reached on Thursday. In the week, gold is ready to close its second favorable period.
Silver's on the move, and gold better hang on!
Phillip Streible - May 14, 2021 03:47PM(Kitco commentary) - Another great week to be long this "Commodities Super-Cycle" as multiple commodities broke out to new contract highs.
Gold and silver need to be in your diversified portfolio
CPM Group - May 14, 2021 03:17PM(Kitco commentary) - Jeffrey Christian talks about the correlation between Gold and Silver and the dollar, why these precious metals didn't get the price bumps seen by other commodities, and why that makes them great assets for your diversified portfolio.
3 charts that show gold is still dirt cheap
Jordan Roy-Byrne - May 14, 2021 10:08AM(Kitco commentary) - After updating my macro-market outlook report for subscribers, I realized something about Gold. On a historical basis, it remains incredibly cheap.
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