Tag Archive: global slowdown

The Next Major Breakout is Brewing

The gold bulls have not had much to cheer about in recent weeks. After hitting a multi-year high, the market has eased back and seemingly entered a consolidation phase. The last several weeks have seen prices trade around the $1500 region, and although prices are currently below this support level, they have not seen a significant leg lower. The lack of upside in recent weeks is actually a positive thing, not a negative. The next major breakout is brewing. After reaching multi-year highs in recent... Continue Reading

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Buy the Dips

The gold market has seen some solid buying in recent weeks and has recently been taking a bit of a breather. The market has pulled back from its recent highs, and in early action today is seeing a retest of the $1500 level on the chart. A significant price dip is not only necessary at this point, but healthy as well. Markets do not typically go straight up or straight down, and the gold market is no exception with the dips. The market has been... Continue Reading

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A Busy Week Ahead

The gold market is slightly higher in early action Monday as the markets await several key pieces of economic data. Highlights of the week will include the conclusion of the Federal Reserve meeting Wednesday, the latest non-farm payrolls data due for release Friday and any developments from trade talks taking place in Shanghai. The Fed is widely expected to cut its key interest rate by 25-basis points at the conclusion of its two-day meeting on Wednesday. Market expectations for a 50-basis point cut had dwindled... Continue Reading

Are Stocks Making a Bull Trap?

The benchmark S&P 500 hit a fresh all-time record today. Stocks and risk appetite are on the rise as investors remain hopeful that a U.S./China trade agreement will be reached. Over the weekend, President Trump met with Chinese Leader Xi Jinping at the G20 meetings in Japan, and the two leaders essentially called a truce. The U.S. agreed not to raise levies on additional Chinese goods, while China reportedly agreed to purchase more U.S. agricultural products. With the two sides seemingly back at the bargaining... Continue Reading

The Market Has Spoken: It’s Time to Buy

The gold market has seen quite a run higher in recent action in what could be the beginning stages of a major and protracted bull market. The market recently hit 6-year high and strong fundamentals as well as an improving technical posture could keep the metal on the offensive. Markets do not typically go straight up or straight down, however, and now may be the ideal time to look at buying big on any dips. The gold market is benefiting from several key economic and... Continue Reading

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$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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EU Slowdown May Be Worse Than Expected

It’s no secret that the Eurozone continues to struggle with a slow economy. The EU has seen many of the ups and downs that have been seen in the U.S. in recent years while also having to contend with numerous other issues such as massive sovereign debts and policy disagreements. Now, the ECB has slashed its growth and inflation forecasts for the year while also lowering the outlook for 2020 and 2021. This would seemingly acknowledge the fact that the slowdown being seen in Europe... Continue Reading