Is the canary singing?
Greetings! Gold has surged another $150 over the past two weeks, hitting a series of new all-time highs above $2,300 an ounce. Silver's rally has been even stronger, rocketing more than $3 to nearly $28 an ounce for a gain of almost 14%. These stunning gains have come despite sharp increases in Treasury yields and […]
Read MoreWhat’s next for gold
Greetings! Gold has been on fire, rocketing higher by $170 an ounce over the past seven sessions to a series of new all-time highs. Bullish sentiment has strongly returned to the gold market. But will it continue? In this new edition of AGE Gold Commentary, I drill down on the primary drivers of this stunning […]
Read MoreWhy is gold hitting new highs?
Greetings! Late last week, gold surged $60 an ounce in two sessions to test its all-time high of $2,093. Today, it rallied another $30 to close above $2,125. Bullish sentiment has returned to the gold market with a vengeance and additional record highs are firmly back on the table. What changed? Quite a bit! In […]
Read MoreGold surprises as Powell un-pivots!
Greetings! Sticky inflation and strong US economic data over the past two months have caused Jerome Powell to postpone the pivot to lower interest rates that he telegraphed in mid-December. Markets are now betting that the Fed will cut rates three times in 2024 instead of the four to six cuts anticipated in January, and […]
Read MoreGold pressing toward new high
Greetings! In October, gold surged more than 8% to reclaim $2,000 an ounce after the Fed suggested it might be done raising interest rates. In addition, Hamas attacked Israel, triggering fears of widespread war in the Middle East and driving investors into safe havens. The metal then retraced some of those gains in early November […]
Read MoreGold setting up for major rally
Greetings! In April and May, gold surged to near-record highs above $2,050 on flights to safety after the astonishing failure of Silicon Valley Bank and other major lenders. Silver also rallied impressively to a two-year high near $26 an ounce. Then in June, as the threat of further bank failures was contained, both metals gave […]
Read MoreGold rebounding after dip
Greetings! In February, gold and silver were surprisingly pushed lower on speculation that the Federal Reserve may accelerate its aggressive rate hikes. Stubborn inflation and upbeat US economic data lifted bond yields and the dollar, pressuring alternative assets. But recent shifts in the markets have opened the door for the metals to resume their climb. […]
Read MoreThe Keys to Higher Gold
Greetings! This might be the most important Gold Commentary of 2023. Fundamentals are now setting up for gold and silver to enjoy truly explosive gains in coming months, and we want you to be fully prepared to take advantage of this turn in the market. Gold has been on fire since late December, climbing for […]
Read MoreGold and silver in 2023
Greetings! Gold and silver were remarkably strong in 2022. Despite the Fed's most aggressive rate-hike cycle in 40 years and the strongest dollar rally since 2015, gold rebounded to finish near a six-month high. Silver was even more resilient, rising more than 2% for the year. The strength of both metals in the face of […]
Read MoreGold breaks out!
Greetings! Gold has surged to a three-month high above $1,775 after consumer inflation fell to 7.7% in October, the lowest level since last January. Speculation is growing that peak inflation may have passed, which means the Fed may throttle-back on rate hikes. In addition, economic storm clouds are building that could push the US into […]
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