The Gold Forecast Videos | The Gold Forecast

The Gold Forecast Videos

Nations globally begin to re-open businesses and return to the new normal
It seems highly probable that North America, as well as globally that new cases of the virus will begin to diminish day by day, week by week. Globally the data suggests that the world has hit the peak of new cases of Covid – 19. To date there has been 5.17 million confirmed cases of individuals contracting the virus, deaths reported 1.99... Read more 05/22/2020
Gold and U.S. equities continue to run in tandem, but to the downside today
After trading higher for six of the last seven trading days, gold futures closed sharply lower on the day. After trading to a low today of $1715.30, gold recovered approximately 1/3 of today’s drawdown and is currently fixed at $1726.70 (-1.45%), ending up with a loss $25.40. All of the other precious metals that trade on the futures... Read more 05/21/2020
Fed minutes reaffirms Powell’s testimony which supports higher gold price
The hard truth remains, economic stimulus continues to be needed as both the Federal Reserve through their monetary policy, and the U.S. Treasury through fiscal policies has ballooned, and more stimulus will likely will be needed. Today the minutes from the April FOMC meeting were released. They indicated that Federal Reserve members... Read more 05/20/2020
Fed Chairman J. Powell & Steven Mnuchin testify about more emergency lending
Both Treasury Secretary Stephen Mnuchin, and Federal Reserve Chairman Jerome Powell spoke to the Senate Banking Committee today. The primary purpose of the meeting was for the Senate Banking Committee to get the latest evaluation of the global pandemic that has greatly affected the United States economy. Both the Chairman and Treasury... Read more 05/19/2020
Dollar weakness holds gold’s decline as it trades $22 lower
If not for dollar weakness today’s selloff in gold futures would have been much more severe. The dollar index is currently down approximately 0.80%, and fixed at 99.62. As of 5:08 PM EST Gold futures basis the most active June contract is currently down $22.20, and fixed at $1734.10. This dramatic selloff comes after a much firmer... Read more 05/18/2020
Declining GDP boosts gold prices
It was inevitable. The global pandemic which is now in its third month has had a devastating effect on economies worldwide. The commonality is that all major countries have experienced economic contraction. The variable between some countries is how they are experiencing much harsher economic contractions than others. Nonetheless recent... Read more 05/15/2020
Gold breaks above apex of the compression triangle
In Last few weeks we have identified a simple Western technical indicator known as a pennant formation, and commonly referred to as a compression triangle. It is called a compression triangle because price ranges as well as the highs and the lows of a period of time will begin to contract. Typically, on this type of pattern you will see... Read more 05/14/2020
Gold breaks above apex of the compression triangle
In Last few weeks we have identified a simple Western technical indicator known as a pennant formation, and commonly referred to as a compression triangle. It is called a compression triangle because price ranges as well as the highs and the lows of a period of time will begin to contract. Typically, on this type of pattern you will see... Read more 05/14/2020
Gold and U.S. equities de-couple with stocks selling off, and gold moving higher
In the last 12 years the United States has experienced two major economic disruptions both requiring massive Federal Reserve intervention to lessen the effect of a contracting economy. The first occurrence was in response the financial meltdown of 2007 and subsequent recession which began in 2008. The second occurrence is still in... Read more 05/13/2020