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The Gold Forecast Videos

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
COVID – 19, Gold and Equities
During the last two severe economic contractions and recessions in which the Federal Reserve intervened to help stabilize the economy a new paradigm occurred in which both U.S. equities and gold would move in tandem to the upside. The explanation is fairly straightforward in the case of U.S. equities they are reacting in a bullish manner... Read more 05/12/2020
Dollar Strength keeps upside move in check for gold
Gold, silver and platinum are all trading lower on the day, with the lone exception of palladium which gained 1.86% in trading today. It almost seems to be contrarian logic that in an economic climate that currently exists, with record level deficits, infinite quantitative easing, and major fiscal stimulus by the government that we would... Read more 05/11/2020
Today’s un-employment rate challenges levels not seen since the rate the Great Depression
This morning the U.S. Labor Department released its monthly nonfarm payroll jobs report. As expected, there was no light at the end of the tunnel, as the numbers of American workers who flocked to the unemployment office did so in force. The report indicated that there were at least an additional 20 million jobs lost due to the COVID-... Read more 05/08/2020
Gold breaks solidly to the upside with gains of 2.29% on the day
If you recall from my articles from earlier this week, first on Tuesday, May 5 titled “Gold prices firm as U.S. dollar continues to climb”, we included a daily candlestick chart which included a hand-drawn compression triangle, commonly referred to as a pennant formation. We also included an arrow indicating that we were expecting a... Read more 05/07/2020
Gold plummets amidst climbing unemployment rate
The data is clear, today’s ADP jobs report indicates that the COVID-19 pandemic has resulted in the highest unemployment rate since the Great Depression. Today’s numbers are the worst job loss in the history of the ADP report. As reported by CNBC, according to Ahu Yildirmaz, co-head of the ADP Research Institute, which compiles the... Read more 05/06/2020