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Gold: Overbought or beast that won’t die?

  • Posted by Allan Lederman
  • On March 7, 2016
  • 0 Comments
Gold seems at an inflection point here with 1280 most recent resistance. It is curious that on such “mainstream” sites ie, Marketwatch, article after article is being trotted out pounding the table on why gold is a short, the rally is running of steam and more. Who are they trying to convince , themselves or […]
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Waiting for Godot

  • Posted by Allan Lederman
  • On March 1, 2016
  • 0 Comments
The gold market is slowly establishing higher lows and lower highs a clear pennant formation usually leading to an upside breakout. Today’s call by Soc Gen to short gold is another of big boys pounding the table about how bad gold is. Perhaps they are right, but gold is not quite ready to roll over. […]
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Can this be a new bull market for gold?

  • Posted by Allan Lederman
  • On February 23, 2016
  • 0 Comments
The jury is out for now but there are encouraging signs: Negative interest rates (don’t underestimate) Non stop printing of money through bond/debt monetization Oil sector instability impacting solvency of banks General weakness in world economy impacting confidence On the other hand: Threat of rising interest rates. This is strange because higher debt service would […]
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Wild ride for gold

  • Posted by Allan Lederman
  • On February 16, 2016
  • 0 Comments
Gold has been on a wild ride of late peaking at 1263 only to fall to 1191 last night.Right now in the 1215 range, which is not bad considering most pundits had 1,000 in their gun sights a  month and a half ago. No less than Goldman Sachs called for 1,000 yesterday, perhaps the most bullish […]
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Metals firm, for now…..

  • Posted by Allan Lederman
  • On February 9, 2016
  • 0 Comments
Gold & silver have made what appears to be a breakout, confirmed for now by a similar charge in mining shares. Platinum and palladium joining reluctantly. Minor PGM’s absent from the party. The good news Worries about bank balance sheets Negative interest rates becoming mainstream Doubts about growth going forward, making debt service more onerous […]
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Gold, Mining stocks break out

  • Posted by Allan Lederman
  • On February 5, 2016
  • 0 Comments
What exactly is the gold market telling us? Though not unusual to perform well in the run up to Chinese New Year, this year’s run in gold feels different. This time mining stocks, while still extremely undervalued, are picking up steam. could smart money be smelling danger in the financial markets? Well, if don’t think […]
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