Tag: Gold trading
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Stock Markets and Gold shaky as bond yields rise
Besides Nvidia carrying the Nasdaq, the other major US indices have been a bit shaky. We will jump into the charts below. And as usual, the prime suspect is the action in the bond markets. Of course this has a lot to do with the Federal Reserve and interest rate cuts. At time of writing,…
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![Gold rally faces a key test]()
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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![Fed hawkish pause, regional banks tanks, and gold nears record highs!]()
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…
