Mark Mead Baillie | TalkMarkets | Page 19
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 Is Copper?
A week ago we nixed our forecast for Gold to reach 1434 this year. Gold dripped down to record a sixth closing weekly low for this year in just these last seven weeks, settling Friday at 1222.
Gold Takes Its Licks; Our Forecast Gets Nixed
Year-to-date, Gold is at present -5.6%. Not that daunting a loss, perhaps, but it marks Gold's third worst performance to this point of the calendar year since the turn of the millennium.
Gold's 2018 - It's Now Or Never
At present, our forecast high for Gold's price this year to reach 1434 remains fixed; but in as soon as a week's time, that may get nixed.
Gold Firms Off The Bottom Of The Box
In a week fraught with trade talk, tariff tiffs, better econ data, worse econ data, and an exchange halt stateside for Independence Day, trading volume thinned across the BEGOS Markets (Bond Euro Gold Oil S&P) with one exception: Gold.
Gold's Support Dear At Mid-Year
Precious metal Gold has precious little support left to save its year. Having settled the week Friday at 1254, price traded down, reaching as low as 1247. Should Gold post a weekly close sub-1240, it will be well en route to putting in a down year.
Gold Again Boxed; Silver's Hard Knocks
With price settling the week Friday at 1271, en route making fresh lows for the year, we've Gold's first weekly close back in The Box (1280-1240) since December 22.
Gold Burrows To Year's Lows
Fedspeak and tariff talk both served to give Gold a fatal Friday finale in finishing the week yesterday at 1282. It was Gold's worst trading day since November 23, 2016, finishing at its lowest close year-to-date.
Gold - Do Not Disturb
When Gold today (1304) sits not even 2% higher than where it was a year ago (1280), are we really missing out on anything? To be sure, these days sleepy old Gold has put out the "Do not disturb" sign.
All Quiet On The Golden Front
Gold's "expected daily trading range" has fallen to nearly half (11.9 points per day) from what it was (18.1 points per day) just back in late February. Obviously it's better to have range narrow and price consolidate than see the latter dissipate.
Gold Seeking Its Low Of The Year
Now with just a few trading days left in this May's balance, Gold has been down as much as -2.7% and at present is -1.1%, having settled the week yesterday (Friday) at 1301. Not much fun.
Gold - Déjà Vu All Over Again, Again
For the month of May gold's price has now not only printed a new low for the year, but has also returned sub-1300 into, settling the week on Friday at 1292 ... and teasing 1284.
Gold Is Nothing While All Else Is Something
There have been some good earnings pops among the miners, but specific to the price of the yellow metal itself, the month of May thus far has been one big nothing. That said, the good news is -- Gold's price hasn't flat out tanked.
No Surprise, Gold's May Demise
This past Tuesday, Gold wasted no time ringing in its month of dismay by promptly making a new low for the year, trading down to 1302.3 at precisely 07:53 Pacific Time. Gold's weekly parabolic trend flipped to Short, settling the week at 1316.
Another May Of Dismay For Gold?
We're not optimistic on Gold near-term, especially with certain technical studies having turned negative. For the past seven years, Gold hasn't posted a May net gain of even just 1% in any of them.
Silver Enthuses While Gold Snoozes
Silver's having gained 2.8% for the week combined with Gold's having lost 0.8% was enough to finally send the Gold/Silver ratio sub-80 to 78.2x.
Gold Flyin' 'n Dyin' By The Tweet
It's been some 10 hours since the US/UK/France surgically precise strike on chemical facilities in Syria. The effect on Gold, be it bought, ignored or sold, we'll see when the new week unfolds.
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