Saturday, December 14th, 2019 MST

Category: Gold

An interesting parallel 

Although the Fed denies that it has begun QE4, it continues to inject freshly printed money into the markets, supposedly to keep the fed funds rate in the FOMC desired range of 1.5% to 1.75%.  The Fed used three QE programs to avoid an economic crash in 2008.  Still, the 2008 crisis is commonly referred

Bullish flag formation for price of gold

The below graph is a downward sloping bullish graph for the price of gold.  Often times, such formations break out to the upside.  Gold is now making its fourth attempt at bettering the top downtrend line, which is where breakouts often occur.

Inflows into gold-backed ETFs continue

Gold-backed ETFs and similar products added 52 tons of gold in July, in addition to the 125 tons added in June, increasing their collective holdings to 2,600 tons – a level not seen since March 2013.  ETFs are preferred by many institutional and large investors, while smaller investors (and some large investors) like to buy

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