Please try another search
Do my eyes deceive me? Did we all wake up to gold not flat-lining? Could it be?
Because the terrific performance gold has had over the past futures session is really just a blip when you look at the daily chart.
All the same, I’ll take it. It gets kind of nauseating to see the likes of Bitcoin leap $8,000 in a single day while gold stands in a corner. I own a goodly amount of the stuff, and it would be nice if, ya know, someday it wasn’t the most boring investment on the planet.
I haven’t lost faith, though. Long-term – and I do mean long term – it still looks absolutely sensational. Here’s the multi-decade continuous futures contract. The next important goal is to clear the $1,910 level. Fingers crossed.
On a shorter-term note, the preliminary GDP numbers came out. The chart below is easy to interpret. The gold bar shows the expert estimate of what the number would be. The blue bar shows the actual number. Let’s just say this was a vast overshoot in expectations.
I’m thinking of a word. Let’s see if you can guess it. It’s three syllables.
OK, here’s another hint. It starts with “stag” and the later part is “flation.”
In a piece I wrote on Jan. 28, I warned about growing hopes for retesting $2000 could lead to a fake breakout shortly to trap gold bulls as the retesting of $2000 seemed likely...
Gold Price The precious metals price action is expected to be a wild one today, and this is because the US NFP number is likely to bring higher volatility for the metal. Again, a...
According to Federal Reserve chairman Jerome Powell, disinflation is now taking hold. Yes, the very same person who had to walk back his ridiculous pronouncements in 2021 and 2022...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.