New Gold Market Commentary taped last Friday before this weekends gold and silver fireworks. We anticipated all of this in our Aug. 18 update. This is our latest commentary.
https://t.co/JLLY9s6f9D
Gold's trading range continues to be defined by the 50-day moving average to the upside and the 200-day moving average to the downside. The spread between them continues to narrow. One will have to give, soon.
Despite the 10-Year US treasury yield hitting new highs two days ago, gold is not setting new short-term lows. So far, gold is enjoying short-term support above $4,450, suggesting gold is starting to resist to the downside its direct inverse correlation to yields that I have been tracking since we published our oil/yield/gold analysis May 4th.
I'm grateful to have been invited on Metals and Miners with Gary Bohm discussing the current state of the precious metals markets, the Iran war, the Fed and yields and more. Here's a link to the conversation:
https://t.co/a7J5hFys8G
The bond market seems to have finally realized there is a war going on. New Gold Market Commentary covers the bond sell-off, the yo-yoing oil price, and how this is affecting precious metals.
https://t.co/nw8cXCJzMs
Gold continues to be as highly correlated (inversely) to the US 10-Year Treasury Yield as I have ever seen in my 46 years of watching these markets. Yields v Gold 4-1-2026 to 5-15-2026
@Brien_Lundin 2020 and 2021 retail Covid buying and 2025 fear of tariffs drove the last two big surges of US silver imports. So it was monster boxes in 20 & 21 but not 2025.
Is gold still a flight to quality asset? Or has it become a risk asset like just about everything else? Debating live now on The Futures Rundown with @DanaSamuelson99, Founder & President of @AmGoldEx.
Show is now live for members. Available to everyone later today on your favorite podcast platform.
After a strong 7 trading session run from support at $72 to $89.36, just under our 2nd tier upside resistance level at $89.50, silver is seeing profit taking in today's NY trading session. Will 1st resistance at $82 now become support?
The global oil supply disruption caused by the closure of the Strait of Hormuz is not fully priced into the global oil markets, yet. Pre-war available supplies in storage and at sea cushioning the supply disruptions market pricing have now been absorbed. In this market commentary I analyze the supply disruption in depth and explain why oil prices could still go sharply higher.
https://t.co/nJ4WWVA0Mw