Gold Still Lacks Sally with the S&P's Relief Rally
(Kitco commentary) - Did you know -- and if you truly follow the price of Gold you knauseatingly know -- that the 12-point price range (rounded to the nearest whole point) of 1836-1848 has traded within each of the past seven consecutive weeks?
Gold set to reclaim 1900, then 2000
(Kitco commentary) - That title ain't sayin' that much: but 'tis better than returning to the 1700s. And 'tis based on a technical quirk at which you might smirk, but with Gold having so far survived its underlying support zone (1854-1779) here goes
Gold wanders, stocks flounder
(Kitco commentary) - Its price more wandering than trending, Gold nonetheless just sported a three-week high (1879) under the umbrella of the otherwise declining parabolic Short trend, as we begin with the weekly bars from one year ago-to-date.
Stocks further fizzle but gold lacks sizzle
(Kitco commentary) - Because "all" are talking about them, we're starting with stocks, beginning with this from the "It's Not About Us Dept."
Gold's swoon is a bargoon
(Kitco commentary) - Since this week ending one year ago (on 14 May 2021), we've had:a +9.2% debasive increase to the StateSide "M2" money supply from $20.42 trillion to $22.29 trillion, driven largely over COVID liquidity accommodations
Gold's lower grind and the Fed's real bind
(Kitco commentary) - Yes, Gold's price continues its lower grind, (the current Short trend in mind), but 'tis the Fed that's in a REAL bind. StateSide annualized REAL Gross Domestic Product (GDP less Chain Deflator) just shrunk for the third successive quarter
Gold still can't see its way clear, but the S&P high looks in place for the year
(Kitco commentary) - A mere seven days ago we were singing Gold's praises as its price for two consecutive weeks moved higher in bold defiance of the otherwise Short weekly parabolic trend. "Like salmon spawning upstream" we wrote; that was Gold's gleam.
Gold's upstream gleam
(Kitco commentary) - Gold's settling out the abbreviated trading week this past Thursday at 1977 was the yellow metal's second-highest year-to-date weekly close, bettered only by that ending 11 March at 1992.
Gold takes a snooze as volume cools
(Kitco commentary) - Obviously the gold line is Gold, the anticipated geo-political spike 'n fade starkly giving it away.
Gold up, volatility down
(Kitco commentary) - Gold having completed its usual geo-political spike and fade finds its trade now more regularly played.
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