Gold gears up for its next all-time high
(Kitco commentary) - We begin with this penned from two missives ago: "...two robust up weeks from here could end the Short trend with the 2000s then in the offing..."
Gold-getters garner gains
(Kitco commentary) - On the heels of last week's piece pointing to Gold (then 1818) as a "bargain", Gold-Getters have since come to the fore in pushing price to as high as 1864 towards settling yesterday (Friday) at 1863.
Bargain Gold Dives Deeper Into Support
(Kitco commentary) - With but two trading days remaining to complete this year's second month -- a year which finds Gold repeatedly being hyped to the heavens -- price is actually now -0.7% for 2023 in settling out this past week yesterday (Friday) at 1818, not having had (as yet) an up year since 2020.
Gold trips the parabolic flip and tumbles into the support strip
(Kitco commentary) - Yes, Gold's key weekly parabolic trend as anticipated has flipped to Short, but with underlying support for a safe haven port. We'll get to that, but we're really compelled to begin with this:
Stocks go gaga; gold's (foreseen) falling saga
(Kitco commentary) - As we on occasion do, let's start with stocks, their prices having gone gaga. And with respect to the S&P 500, the following may be deemed obscene.
Gold the immovable object, but to stocks let no one object
(Kitco commentary) - Gold entered this past week with an "expected weekly trading range" of 54 points. The actual range came in at just 37 points, the yellow metal's narrowest trading week by both points and percentage since that ending 24 June of last year.
Gold steady as econ baro plunges
(Kitco commentary) - We start with this past week's highlight (or better stated "lowlight"): on Wednesday, our Economic Barometer tied for its worst one-day plunge in the 25 years we've been maintaining it.
As goes gold's annual start..
(Kitco commentary) - Here's how that (below in bold) compares century-to-date for each year's first four trading days and the resulting net change for the entire year
Gold losing some zip but buyers grabbing each dip
(Kitco commentary) - Across the past six weeks, the price of Gold has risen from as low as 1618 (03 November) to as high as 1823 (05 December).
Gold and silver get on the gas
(Kitco commentary) - When on occasion Gold grabs the steering wheel as it did this past week, we're told to "Get in, fasten your belt, shut up and hang on!" Especially so when Gold has just filled up with premium.
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