From the Desk of Ian Culley @IanCulley
Gold is silencing all the haters – even me!
I’ll admit, I had my doubts.
But I also carried an unnerving suspicion buyers would strike as soon as I dropped my guard…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold is silencing all the haters – even me!
I’ll admit, I had my doubts.
But I also carried an unnerving suspicion buyers would strike as soon as I dropped my guard…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold is up for the sixth day in a row – and it looks like this week’s breakout might be the real deal.
If it is — and gold continues to rip — it’s only a matter of time before copper breaks out too.
by Ian Culley
by Ian Culley
From the Desk of Ian Culley @IanCulley
Stocks only go up.
Bitcoin is screaming its way back to the former all-time highs. Crude is printing multi-month highs. Even gold is breaking out to new all-time highs after going nowhere for years.
We’re entering the Davey Day Trader part of the cycle — green hammer and all.
Everything is trending higher. Everything except the dollar, that is…
by Ian Culley
From the Desk of Ian Culley @IanCulley
You can’t keep the gold bugs down.
They’re a hearty bunch full of true grit, choosing to focus on the silver lining while persevering through countless downturns.
Gold, on the other hand, has been an easy target…
by Ian Culley
From the Desk of Ian Culley @IanCulley
US Treasuries are taking a back seat to risk assets.
Bond market volatility is declining. Credit spreads are tightening. And Emerging Market high-yield bonds ($EMHY) are breaking out.
Meanwhile, stocks are posting new all-time highs.
So, how high will interest rates climb over the near term?
My gut tells me not far — at least not in the coming weeks or months…
by Ian Culley
From the Desk of Ian Culley @IanCulley
What happened to those everyday commodity contracts the average investor follows?
I’m talking about crude oil, gold, and copper.
These days, it’s all about cattle futures, orange juice, or cocoa hitting an all-time high.
I’m sure everyone down at the NYMEX or the folks over at the CBOT in Chicago are having a ball. But what about the stock traders trying to get a piece of the action?
Sure, the energy trade is starting to work again. But gold has been a range-bound mess since the summer of 2020. And gold mining stocks have been an absolute dumpster fire.
It just doesn’t make sense amid a commodity bull run…
by Ian Culley
From the Desk of Ian Culley @IanCulley
What started out as a potential double-top in the dollar-yen is beginning to look more like a bullish continuation pattern.
Buying the Japanese yen will produce absolute gangbuster returns – at some point.
But the market’s simply not there yet…