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The Gold Forecast Videos

The heat is on, as lawmakers scramble to pass a relief legislation
In the words of Glenn Frey; “The heat is on … The pressure's high” Unquestionably there is an immense amount of pressure for lawmakers to come to a understanding and pass a greatly needed fiscal stimulus package before the end of the year. It is critically important that aid is available to those 10 million American individuals who... Read more 12/03/2020
Bipartisan stimulus package framework could be completed this weekend
In the words of the famous author Mark Twain, “If you don’t read the newspaper, you’re uninformed. If you read the newspaper, you’re misinformed.” These words seem to resonate in regards to the current news about the ongoing negotiations to come up with a fiscal stimulus proposal that will be palatable to both sides of the political... Read more 12/02/2020
Watered down bipartisan stimulus package was proposed today
In the words of the famous rock group the Rolling Stones, “You can’t always get what you want, you can’t always get what you want, but if you try sometimes, you just might find, you get what you need.” These words seem to be extremely applicable to an announcement made today that a group of moderate senators has released a new... Read more 12/01/2020
What could a Yellen/Powell team mean for future stimulus?
It is no secret that one of the primary reasons that gold has been under so much selling pressure recently was the announcements made by three pharmaceutical companies that they had developed a vaccine for the Coronavirus. Two of which have proven to have an incredible 90-95% effectiveness. As genuine as this optimism is, the caveat is... Read more 11/30/2020
Beware of the day after Thanksgiving
With the holiday of Thanksgiving set to commence tomorrow, more than ever we need to be thankful for what we have, even though we are living in some very difficult times. However, there is another day that us as traders need to be mindful of. Traders need to focus upon the following day after Thanksgiving known as “Black Friday”. Besides... Read more 11/25/2020
Gold continues to trade lower, now challenging the 200-day MA
In the last three weeks of trading, gold has moved from its opening price of $1955 on Monday, November 9, to current pricing at $1804.90. In other words, in just 12 trading days gold has lost approximately $150 per ounce in value. Selling momentum has been strengthening with the net decline over the last two days equaling almost $65.... Read more 11/24/2020
Vaccine optimism fuels U.S. equity rally and moves gold and silver lower
Today a third pharmaceutical producer announced they have produced a viable vaccine candidate which can be stored at normal refrigeration temperatures. AstraZeneca’s vaccine can now be added to the list which includes Pfizer pharmaceutical and Moderna. All three vaccine candidates have completed their stage III trials. The fact that... Read more 11/23/2020
Joe Biden’s budget proposals will be the largest budget expenditure in history
Although gold did close higher on the day, it still closed lower on the week with a low equal to last week’s. This marks gold’s second consecutive week of lower pricing. The total drawdown over the last two weeks amounts to a net decline of $86. While it is obvious that the major damage occurred on November 9th when market forces took... Read more 11/20/2020
Kitco News: Gold price ‘death cross’: Sharp drop signals are flashing
The 100-day and 50-day moving averages for gold have just crossed following months of a consistent differential, and this pattern is indicative of a "sharp drop" down in the gold price, said Gary Wagner, editor of the 11/19/2020