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Gold

The View From The Montana Log-Cabin As “Mr Slammy” Hits Gold Before Iran Strikes Israel

Gold closed the week at $2,344 – another new all-time weekly high, up from last week’s 2,330, but having peaked yesterday at around $2,430 it was a bit of a disappointment for Gold bulls. After the peak in December, out favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com commented that “Mr Slammy” had come into play, crunching the yellow metal price back down again. On Friday he paid another visit…..and then Iran launched an attack on Israel.
  • By Nigel Somerville |
  • 2024-04-14 07:33:50 |
Gold

The View From The Montana Log-Cabin: “The (Gold) Bull Market Is Here, People – It’s Time To Make Money”

After another strong week, Gold closed at yet another record high – now $2,330, well up on last week’s $2,233. Silver smashed through strong resistance at $26 (now $27.44) and, as can be seen on the chart below of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers), they too had another good week and my Gold mining portfolio is looking far healthier than it has for a long time. That, after a week during which the US reported far stronger jobs than expected and US Treasury yields headed north (which should have stalled things somewhat), suggesting that precious metals have, for now, decoupled from everything else.
  • By Nigel Somerville |
  • 2024-04-06 09:48:20 |
Gold

Who Is Behind The Gold Buying ?

The rally in the gold price has left me non-plussed ... who is behind it and why ? Rather like an Agatha Christie murder-mystery novel, with evidence thin, the culprit or cause may be deduced by excluding what it is not ... and what remains, is. 
  • By Ross Norman of Metals Daily |
  • 2024-04-03 12:29:19 |
Gold

The View From The Montana Log-Cabin As Gold Powers Further Ahead

Gold closed the week at $2,233 – a new daily, weekly, monthly and quarterly all-time high, and well up on last week’s $2,165. Moreover, this was the second consecutive quarterly all-time high. Whilst I have no crystal ball, the chart of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers) suggests that things are finally turning my way.
  • By Nigel Somerville |
  • 2024-03-31 13:17:31 |
Gold

The View From The Montana Log-Cabin As Gold Tries And Fails To Push Further Higher

Gold ended the week at $2,165 – up a little on the prior week’s $2,156 but a bit disappointing given that the yellow metal was up through $2,200 earlier in the week. Gold stocks, whilst well up in the last month, stalled as the Fed and the useless Andrew Bailey held interest rates as can be seen on the chart of Gold vs. GDX (majors), GDXJ (juniors) and GOEX (explorers).
  • By Nigel Somerville |
  • 2024-03-24 12:52:46 |
Gold

The View From The Montana Log-Cabin As Gold Holds Gains

Gold closed the week at $2,156 – down a shade on the prior week’s $2,179 but holding up nicely. Moreover, Gold stocks have performed well in the wake of the yellow metal’s break higher, as can be seen on the chart below of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers). Long may that continue, as there’s a very long way to go before they too break to new highs.
  • By Nigel Somerville |
  • 2024-03-17 10:53:52 |
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