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Tag Archives: Gold

INTERVIEW: Raoul Pal – The Coming Debt-Driven Crisis & Why The Fed Can’t Stop It.

I recently had the privilege to visit with Raoul Pal, the founder of Real Vision, to discuss a variety of topics including: The risk of recession in the U.S. What Trump’s nomination of Judy Shelton to the Fed means. Can you have a gold standard AND zero interest rates. The future of the ECB and monetary policy in Europe The real value of gold. After we stopped rolling tape on the interview Raoul and I kept going and discussed Facebook‘s Libra, cypto currency, and how much you should own. The...

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Symmetrical Triangle on Daily Chart of Gold as of 2019-07-14

A symmetrical triangle pattern has formed on the daily chart of gold. Being a continuation pattern, it suggests that after a period of consolidation prices will go in the previous direction, up in this instance. It is important to remember that patterns do not predict performance with a 100% guarantee as was demonstrated when a similar pattern formed two weeks ago, but prices broke to the downside before...

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Kahn: 6-Ways To Prepare For The Next Market Decline

This article was originally published at Kiplinger and submitted by Michael Kahn The U.S. economy is putting up some impressive numbers in GDP, jobs and wages, but many pundits fear that a slowdown is pending. Trade-war fears with China and the European Union remain front and center in the news. And the yield curve is threatening to invert, meaning short-term interest rates may be moving higher than long-term rates. That’s often a sign of pending recession on its own. By some measures, the...

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Gold Posts 1% Weekly Gain on Weaker Dollar, Dovish Fed

Gold futures are trading higher to finish the trading week, bringing the yellow metal’s weekly gain to more than 1%. The yellow metal’s strong performance this week was driven by a dovish Federal Reserve that will likely cut interest rates later this month, sending the US dollar lower on Friday. Investors are also keeping eye on the sliding consumer interest in physical gold in top Asian markets. August gold futures soared $10.60, or 0.75%, to $1,417.30 per ounce at 18:49 GMT on Friday...

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Will History Repeat Itself in the Gold Market?

Mark Twain once said, “history doesn’t repeat itself, but it often rhymes.”  Since President Nixon removed the gold standard in the early 1970s, gold has seen several significant rallies, all of which have similar wave characteristics.  Gold rallies seem to rhyme. The first two price rallies began in 1971 and 1977, during and after the de-linking of the U.S. dollar from gold. The most recent price rally has its seeds in the dot-com bubble in the early 2000s.  The chart below shows two...

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Recession Probability Charts: Current Odds Now About 33%

The New York Fed has the odds of a recession within the next year at 33%. Some of the other models are humorous. New York Fed Treasury Spread Model The New York Fed Recession Model is based on yield curve inversions between the 10-year Treasury Note and the 3-Month Treasury Bill. I added the highlights in yellow and the dashed red line. The model uses monthly averages. Smoothed Recession Odds I do not know the makeup of the smoothed recession chart but it is clearly...

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Video: Gold as of July 9, 2019

In the present video, Phil Carr from The Gold and Silver Club talks about gold as of July 9, 2019. He starts with mentioning the impact nonfarm payrolls had on the commodity and the fact that hedge funds and money managers increased their net long positions last week. Phil next talks about the potential trading range for bullion and various scenarios of price movement. He also briefly mentions platinum...

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Gold Ticks Higher As Market Forecasts Weaker Growth, Waits for Rate Cut

Gold futures are trading higher to kick off the trading week, buoyed by expectations of weaker economic growth and a Federal Reserve that could cut interest rates as early as this month. In the spotlight this week is the head of the central bank delivering his semi-annual testimony to Congress and inflation numbers. September gold futures rose $1.90, or 0.14%, to $1,402.00 per ounce at 14:29 GMT...

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Video: Weekly Commodity Forecast – Gold, Platinum, Silver, Crude Oil for 8 – 12 July 2019

In the present video, Phil Carr from The Gold and Silver Club provides outlook for gold, platinum, silver, and crude oil for the week of July 8–12, 2019. He starts with discussing factors that were affecting commodity markets last week, specifically better-than-expected nonfarm payrolls, which led to significant losses for gold and other precious metals. Phil continues then with discussing charts of the commodities,...

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Gold Slumps on NFP, India’s Import Duty

Gold slumped today after the release of US nonfarm payrolls. Most other metals joined the decline, with the exception of palladium. US employers added 224,000 jobs in June versus the consensus forecast of 162,000. The report made the US dollar surge and speculators trim bets on interest rate cuts from the Federal Reserve. The CME FedWatch page was showing that markets no longer price in a 50 basis point cut this...

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