Tag: GLD
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Silver bulls maintain strong uptrend!
Ever since breaking out above $25.50, silver has been in a technical breakout. In my last article highlighting this break, I spoke about silver taking out a resistance zone which had been held since August 2021. The metals continue to do well in this current market environment… even with some pop in yields and the…
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Silver tests key resistance zone as precious metals rip!
It has been a fun time for precious metal investors and bulls. In fact, many commodities have been on a rip. Coffee and cocoa have been ripping. Canola had a nice pop last month. Those who follow my work here at Equity Guru know about the inverse head and shoulders pattern we have been calling…
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Gold hits record highs. Do not FOMO!
Gold prices against fiat currencies are printing new all time record highs. The only pairing which has not yet printed record highs is gold against the Swiss Franc, but it is almost in new record high territory. In this article, I will provide a technical game plan to play gold. But first off, let’s talk…
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Gold price contracts hit highest level ever as US debt rockets
Hold up Bitcoin! Gold wants to join in on the party! Gold futures for April have hit $2,126.30 per ounce, the highest level dating back to the contract’s creation in 1974. Yes folks, gold has hit its highest level ever. When adjusted for inflation, gold set an all-time high of about $3,200 in 1980, according…
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Gold rally faces a key test
On October 3rd 2023, I published an article which caused some fright among metal bulls. I outlined how the technicals indicated that silver could go below $20 and gold below $1800. I outlined key technical levels which had been breached and thus led to sellers piling in. Here are the charts which I put up…
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Gold below $1900? Gold breaks critical technical support on hawkish Fed
Gold and other precious metals were rocked last week and have broken below critical technical levels as the likelihood of a Fed soft landing diminish and the likelihood of a recession increases. In the month of June, the Fed ‘paused’ raising interest rates, but Powell did mention the Fed is looking to raise rates two…
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Fed hawkish pause, regional banks tanks, and gold nears record highs!
Well what developments in the past 24 hours. Investors and traders were anticipating the Federal Reserve meeting. A 25 basis point hike was expected along with some statement hinting at no more interest rate hikes. Well, the market got the 25 basis point hike (the Fed’s 10th rate hike in a row), and some sort…