Now with those delayed CoT reports slowly trickling out, gold’s narrative is being rewritten. This stunning revelation really ups the odds for another gold high consolidation.
When gold bounced off $2,100 twice in a matter of weeks, a lot of experts declared it a double top and false breakout. As Hemke pointed out, these experts were proven wrong.
As tariffs have flashed on and off and higher and lower, businesses have been saying constantly that this is creating uncertainty that makes intelligent planning next to impossible.
Gold and silver are a little softer on normal profit taking after a strong run. That is not unusual, particularly in silver, where rallies tend to be sharp...
For the 3rd month this year, private payrolls didn’t just fall short of delivering the job gains needed to keep the economy steady with population growth, but reduced the number of jobs.
A surge in Indian demand helped drive the gold rally in October that pushed the price to record levels above $50 an ounce.
Ira Epstein covers upcoming economic data releases, including personal income and spending reports, the PCE price index, and the University of Michigan's consumer sentiment indices.
