Tag Archives: Gold

Is Gold Finished?

Posted on December 14, 2016 by macromon

Big drop in gold today after the FOMC announcement.   Let’s go to the charts. The yellow metal is approaching a 5-year low at around $1,050 (actually $1,046.25), which it hit right around this time last year.   Tough to see a … Continue reading →

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Gold becomes a tough sell – FT

Posted on July 20, 2015 by macromon

James Mackintosh on the 5% plunge in the gold price Gold has become a tough sell. Investment editor James Mackintosh says perhaps those buying gold should be hoping China recovers its appetite for heavy industry and starts sucking in commodities … Continue reading →

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Emerging markets’ reserves fall – FT

Posted on April 1, 2015 by macromon

Probably contributing to weakness in the gold price, no? Josh de la Mare provides Wednesday’s top stories from around the world, with reserves in emerging markets falling for the first time in two decades, General Buhari winning in Nigeria’s historic … Continue reading →

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Gold Breaking Down

Posted on November 20, 2013 by macromon

Gold is down about $16 today and is below some key support.   The set-up is bearish and a little follow through here could lead to another 5-10 percent of downside. Gold should have rocked on QE3 and hasn’t.   In fact, … Continue reading →

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Gold’s Bearish Technical Setup

Posted on November 12, 2013 by macromon

We noted last month gold’s head and shoulders formation, which, at 125o-ish was met with a massive short covering schnapper.  Last week’s strong GDP and employment data seems to have changed the sentiment and moving up tapering and higher rates. … Continue reading →

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Still Watching Gold

Posted on October 5, 2013 by macromon

The gold ETF (GLD) did penetrate the neckline of its head and shoulders formation but bounced back the next day.  Another close below the 125.15 neckline (1291.70 cash gold) with some follow through does set up a measured move  down … Continue reading →

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Gold’s H&S Formation

Posted on September 28, 2013 by macromon

Check out the gold’s head and shoulder formation.   A break of the neckline at GLD, 125.15 and cash glold at 1291.70  sets up a measured move down to $112.75 and $1,1170, respectively.   Keep it on your radar. (click … Continue reading →

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Daily Risk Monitor – September 10

Posted on September 10, 2013 by macromon

Click on table to enlarge and for better resolution (click here if tables are not observable)

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Daily Risk Monitor – September 4

Posted on September 4, 2013 by macromon

Click on table to enlarge and for better resolution (click here if table is not observable)

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Daily Interest Rate Monitor – April 29

Posted on April 29, 2013 by macromon

(click here if table is not observable)

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