Gold Resumes Correction

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A rally in the dollar has taken hold; Silver failed to breakout, and Gold has sliced lower below $1800. Although I did not expect Gold to break out this year, I recently have been more sanguine about the prospects for a bullish consolidation. Last week I noted but misinterpreted the correction analog. The post-rebound decline … Continue reading “Gold Resumes Correction”

The Most Important Indicator for Gold

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The fundamental driver for Gold is declining real interest rates or expectations of a decline in real interest rates. Fed rate cuts or accelerating inflation and rising inflation expectations lead to declining real interest rates.  In the current macro-market context, the most important indicator is something different. Recently, we wrote why the real bull market … Continue reading “The Most Important Indicator for Gold”

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