Posts by Adam Baratta

6-Year Highs Just the Beginning

The gold market recently powered to a 6-year high as the notion of a dovish Fed and easy money policies gained further steam. The market saw a buying frenzy take prices straight to the $1450 region, a level which, if breached, could signal a much more significant upside rally. The market may simply be getting started in the early stages of the next great bull market which could take prices back to all-time highs near $2000 per-ounce and well beyond. There are numerous factors that... Continue Reading

New Highs May be Seen

The gold market is slightly lower in early grade Monday, but remains firmly above the key $1400 level. The market may simply be taking a breather before it begins another leg higher. Overnight, fresh GDP data out of China showed the slowest growth in the country in 27 years. The market reaction has been muted thus far, however, as some key data points for June were more encouraging than expected. The significant slowdown in GDP is clearly a cause for concern, especially at a time... Continue Reading

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All Eyes on the Fed

This week features the release of the latest FOMC meeting minutes as well as testimony before Congress by Fed Chief Jerome Powell. The minutes will be released on Wednesday, while Powell’s remarks will begin Wednesday and conclude Thursday. The latest meeting minutes will likely take a back seat to Powell’s comments, and investors are hoping that the Fed Chief will provide some clarity about the central bank’s plans regarding rates going forward. Expectations for an interest rate cut have been dialed back in recent days... Continue Reading

Three Reasons Now is the Time

The gold market has been garnering more headlines in recent weeks as the metal has been trending higher and seemingly staged an upside breakout from its previous trading range. With the metal trading solidly above the $1400 level, a test of resistance around $1450 could be the next major tipping point. Analysts are citing numerous reasons for gold’s recent upside, including risk aversion and a stronger technical posture. Below are three reasons that gold may continue higher, and these issues could potentially push the metal... Continue Reading

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Key Bullish Factors

The gold market has seen significant buying interest in recent weeks and appears poised for further upside. The market has seen an improving technical posture that, combined with current fundamentals, could see prices challenge previous all-time highs around $2000 per-ounce in the months ahead. Not only could the market retest those previous highs, but it could potentially move well beyond into uncharted territory. $3000, $5000, even $10,000 per-ounce or more are all distinct possibilities. In the near-term, there are three primary factors that may fuel... Continue Reading

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Gold Hits 6 Year High

The gold market exploded this week, as numerous economic and geopolitical issues fueled a buying frenzy that has seen prices hit the highest levels in six years. The upside seen this week could simply be the tip of the iceberg and the opening rally of a multiyear bull market. The U.S. Federal Reserve this week left interest rates unchanged. The central bank did appear to be very divided, however, over the course of policy going forward. The Fed left itself a lot of wiggle room... Continue Reading

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U.S. Hardline Stance May Cause Dominos To Fall

The current state of geopolitics and the global economy warrant caution. Stocks are moving slightly higher in early action on Monday as the markets seem to be pinning their hopes on the Fed and another series of rate cuts. The Fed will be meeting this week, and although no action is expected on Wednesday, the central bank could lay the groundwork for the first rate cut in over 10 years next month. There are currently several issues at work, however, that could potentially set off... Continue Reading

$1700 Gold to Be Seen Soon?

There is no question that bullish momentum has been building in the gold market in recent weeks. A variety of factors including the ongoing trade war, the current economic slowdown and the potential for lower rates are just a few of the issues driving the yellow metal higher. It seems that an increasing amount of investors have been sounding the alarm bells about the U.S. and global economies, and according to a recent article from Kitco, billionaire investor Paul Tudor Jones is one of them.... Continue Reading

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3 Reasons Gold May be Useful During a Recession – Urgent Economic Indicators

In case you missed it, numerous economic indicators are now flashing red. The latest indicator to show weakness was today’s non-farm payrolls report. The U.S. added just 75,000 jobs last month, while consensus estimates were looking for a gain of about 177,000 jobs. The figures for March and April were also revised lower, and wage pressures were muted with average hourly earnings rising less than expected. The risk of recession is clearly on the rise, and now is the time to diversify with asset classes... Continue Reading

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Risk Aversion Accelerates – This Could Be It

The gold market is finally seeing some significant upside as risk aversion accelerates. The metal has now broken out of its recent trading range and could potentially set its sights on a new high for the year in the weeks ahead. There are numerous issues behind the recent ascent, and many of these issues could potentially fuel the next major global recession. The ongoing U.S./China trade war appears poised to continue. After a deal was reported to be close in recent weeks, both sides have... Continue Reading