Gold Forecast Gold prices crashed after making highs of 2075$ last year. This year gold tested 1670$ and bounced back after making a good double bottom. Currently gold price trading at 1780$. So are we ripped for new higher moves in upcoming weeks or we will crash again to test new lows in upcoming weeks …
Category archives: Gold Silver Updates
Improving Unemployment Rate May Pressure Gold
Gold Trend US unemployment rate improved from 6.7% to 6.3% while corona virus cases surged ahead in last month. President Biden proposed $1.9 Trillion package and it seems he wont have any problem passing this stimulus package as democrats have good numbers now. Last week Trump impeachment trial started which resulted in acquittal. It was …
Continue reading “Improving Unemployment Rate May Pressure Gold”
US Job Numbers & Power Transition Will be Crucial for Gold
Power Transition & US Job Numbers Yesterday Trump supporters rioted in Washington DC & Entered in Capitol Hill Building illegally. Four rioters died while more than 50 injured. Trump supporters tried to enter in Capitol Hill to reverse Joe Biden win as House was about to certify Joe Biden’s Presidency. Trump supporters interrupted the proceeding …
Continue reading “US Job Numbers & Power Transition Will be Crucial for Gold”
Vaccine progress diffused gold buyers. Now what ?
Vaccine diffused gold buyers From August’s high of 2074$ spot gold price crashed till 1761$. A sweet 15% cut in gold price from August till November. Main reason behind this 15% cut is vaccine progress and continuous decline in jobless numbers around the world. Pfizer, Moderna, and many other pharmaceuticals have announced their vaccine are …
Continue reading “Vaccine progress diffused gold buyers. Now what ?”
Reverse claims may give shock to gold sellers
Rising Unemployment claims is concern I wrote an article last month when gold was trading around 1950$. I mentioned declining unemployment claims may cause gold decline. Gold price tested 1840$ after my article. A sweet 110$ crash from 1950$. Last week US unemployment claims rose from 845K previous to 898K. Forecast was 810K. Unemployment claims …
Continue reading “Reverse claims may give shock to gold sellers”
Declining Unemployment claims may crash gold ?
Declining Unemployment claims US reporting decline in unemployment claims since few weeks. Last week US unemployment claims to 860K from 893K previous. We are seeing a declining curve in jobless claims which is a very good sign for US economy. Less people are filing for jobless benefits which means many people are returning to …
Continue reading “Declining Unemployment claims may crash gold ?”
Crucial US Job numbers to decide the fate of Gold
US Job Numbers Crucial US job numbers will be major deciding factor of gold price in September. Last month unemployment rate stunned market and came better than expected. Last month unemployment rate was at 10.2%. September’s unemployment rate expectations are between 10% to 9.5%. If unemployment rate hit below 9.5% then expect good crash in …
Continue reading “Crucial US Job numbers to decide the fate of Gold”
Brutal crash in gold price. Expecting more power to sellers
Gold price crash Gold price crashed from 2070$ to test 1880$ yesterday. Brutal crash in gold price catalyst by Russian vaccine announcement. Russia announced, they have registered world’s first corona virus vaccine. Russian president Putin also informed that his daughter also received the shot and its completely safe. Second reason was Trump’s statement that he …
Continue reading “Brutal crash in gold price. Expecting more power to sellers”
Gold price hits above 2050$. Will gold streak continue ?
Gold price new lifetime high Its been a fantastic run for gold price. Spot gold prices made low of 1450$ in March this year. Currently gold prices are trading above 2050$. Up more than 40% from its March’s low. This stupendous rally came just within 4.5 months. Gold is making new lifetime highs almost daily …
Continue reading “Gold price hits above 2050$. Will gold streak continue ?”
Gold dream run continues. More to come ?
Gold price dream run Gold price continuing its dream run. From 1450$ to 1870$ within 3 months. Earlier in my post I cleared my stand on gold prices. If you are reading my article or watching my daily youtube videos then you must be knowing we are in buy. However gold has gained nearly 30% …