Mark Mead Baillie | TalkMarkets | Page 11
Mark Mead Baillie
Contributor's Links: deMeadville.com
Mark Mead Baillie has had an extensive business career beginning in banking and financial services for two years with Banque Nationale de Paris to corporate research for three years at Barclays Bank and then for six years as an analyst and corporate lender with Société ...more

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Gold Leaps Then Cascades To Start The New Decade
Gold remains reluctant to really get roaring even in the face of ultimately disastrous currency debasement, while S&P 500 earnings have become even less supportive of the rising Index.
Seeking Gold 2401 (+26%) In 2021
Gold just completed the second decade of the 21st Century with a ten-year net gain of +34% from 1422 on 31 December 2010 to 1902 on December 31, 2020. We now look for Gold in the first year of the Third Decade to reach 2401 for a gain of +26%.
Our Hope From Santa Was In Vain; Gold 1900 Still To Gain
Santa may not have brought us Gold 1900+, but for the past two weeks price has teased that level, reaching on Monday up to 1912, the highest level since November 9
Gold's 1900+ Track Looks To Be In Santa's Sack
With Gold today priced at $1,890, our debasement value of Gold is $3,600: and given all the additionally COVID-induced debasement, Gold ought have a super 2021, perhaps not reaching all the way to $3,600.
Gold Grinding And Gathering Toward Grooving
Here's hoping "history repeats itself" as chronologically across the past three years Gold from this date through December 31 has respectively increased a net +4.9%, +2.9% and +2.8%.
Gold Finally Breaks Ties With The Dollar's Demise
We've cited time and again over the years that Gold plays no currency favorites. But let's face it: this recent selling in Gold was getting a little ridiculous given the Dollar's having taken on a more material demise of late.
Gold From Conservative Consolidation Into Convoluted Correction
Upon having achieved its All-Time-High of 2089 on August 7, Gold has retreated beyond consolidation back down from the 2000 milestone level to now find itself priced within the battle zone of "The Northern Front" (1750-1800).
Gold More Consolidative Than Corrective Before Going 'Boing'
After Gold reached its All-Time High of 2089 (August 7), price is since said to be in a correction. From our purview, it's rather in a consolidation.
After All That, Gold & Co. Are Pretty Much Unchanged
Turning to Gold's weekly bars, we see the continuing state of consolidation rather than selling, the net change through these past 39 trading days (save for the unidirectional S&P 500) also is pretty much "unchanged."
And The Winner Is Team Gold
Our notion of election results having already been "priced into the market" these past few weeks did hold sway given that neither did Gold materially soar nor the stock market plunge through the floor.
Gold & Co. On Election Go
Team Gold stands to be the real election winner, yet less acceleratively so by a Team Red victory. But be the victors Team Blue or Red it is destiny for the yellow metal to move higher.
Gold And The S&P See Re-Election As Reality
Our sense is re-election of the stateside presidential incumbent is now priced into the markets.
Neither A Higher Gold Gear Nor Pre-election Fear Has Yet To Appear
So either way, be it Team Blue or be it Team Red, the real winner one "knows" will be Team Gold, albeit come Election Night, volatility will beget price spikes and dislikes.
Gold Flies Within Negativity's Guise
Following Gold's most material All-Time Highs (at 873 in 1980, at 1033 in 2008, at 1923 in 2011, and most recently at 2089 this year), price in each of those cases has then come off rather swiftly and sharply.
Gold Remaining Relatively Sober Into October
Our sense at this writing is for higher Gold come Turkey Day in the US. Yes, price of late is trending negatively by near and medium-term measures, but the broader trend obviously remains up.
Gold Garroted, Silver Slaughtered
Under a heavy selling load, Gold reached to as low as 1851, a level not seen in better than two months when price was then progressing up toward its All-Time High of 2089 achieved on August 7.
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