For a chart analyst, the price of Gold has been looking like a "buy" for months now. On 29 December a number of our CTA strategies generated BUY signals on COMEX Gold and on the occasion, I published an analysis titled, "TrendCompass: a strong BUY signal on Gold!" The case was simple, really: for some … Continue reading The cultural drag on the price of Gold
Gold has been a negative performer in 2021 losing about 5% in a lackluster year. However, while it's been fluctuating in a torturous horizontal range during the year, the technical picture has been improving markedly since last summer: Longer-term, there's no question that the Gold price is in an intact uptrend. In spite of a … Continue reading TrendCompass: a strong BUY signal on Gold!
As we approach the autumn season, the charts of both Gold and Silver look very interesting, suggesting that over the next few months we could see very significant price events in both precious metals. I base this purely on my reading of Gold and Silver price charts but I’ll also address some unprecedented anomalies in … Continue reading Are Gold and Silver due for an explosive rally?
One of the greatest worries for investors and savers – and also everyone living on fixed income – is inflation, which could accelerate to levels not seen since the 1970s. One of the asset classes that ofer effective protection from inflation are precious metals. Over the recent months, as many commodities have rallied strongly (Oats, … Continue reading Is it a buy? Gold and Silver prices round-out a bullish technical case