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Market Updates

Markets Shook by Central Bank Cuts in Switzerland & Mexico

Gold went to $2225 yesterday. By the end of the day yesterday, it finished at $2184. So you had a $41 break from that peak. I'm looking for $2149.50 to hold as support.

Metals: Doveish FED Sends Metals & Stock Indices Higher

The Bollinger top of $2250 – let's call it $2245 in that zone could be. I didn't say it is, but it could be where the next resistance point is.

Yen & USD: Wet Noodles Versus Gold

The good news is that with gold poised to rally about 20% (from $2100 to $2400-$2600), the miners are likely poised for an 80%+ “surge to the stars!”

Metals: FED Statement and Dot Plot

When I take a look at the gold market, the gold market is pretty flat going in. The market is up one-tenth of a percent for the week.

Gold Market Update - Another Strong Upleg Looks Imminent as Bull Flag Completes...

Lastly we can see how horribly undervalued Precious Metals stocks are relative to gold itself on our chart for $GDX divided by gold going back to 2001. Only on two other occasions during the life of this chart have they been so undervalued.

How Do You Explain The Crazy Week We Just Had? (SPX)

At this point in time, I would say that as long as the market holds over 5091SPX, we still have a set up in place pointing to 5350SPX.

Metals: Bank of Japan and Reserve Bank of Australia, Fed Reserve

Right now, we're just starting the week off, we're up 0.12% at $2164.20. But you've had a correction going on, with lower highs and lower lows in the market.

Gold SWOT: Gold Steadies After Record Run

The worst performing precious metal for the past week was gold, down slightly by 1.1%, as recent U.S. inflation data reduced expectations for future interest rate cuts.

Technical Scoop: Possible Tops, Metal Rise, Geopolitical Tensions

The big gold rally this past week caught most observers by surprise. For gold, $2,200 is now a resistance zone. Support can be seen down to $2,100.

Gold’s Expected Detinue; Fed HIKE Must Ensue?

The FOMC is scheduled to deliver its next Policy Statement this coming Wednesday, 20 March at 18:00 GMT. Might the phrase “rate increase” slip out?

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