Commodity Trade Mantra

Posts Tagged ‘Gold Bear Market’

Strength of Gold Against Foreign Currencies Confirms Bull Market Status

If Gold is going up only because of a falling US$, that is a US$ bear market, not a Gold bull market. A Gold bull market is Gold rising against the majority of currencies. Gold’s strength in foreign currencies confirms its global bull market status and provides a hint that more gains for Gold in US$ terms are likely ahead. We view any weakness in the weeks ahead as a buying opportunity.

Gold Makes First Higher High In 5 Years: Is This The Signal We’ve Been Waiting For?

Today, for the first time in five years, gold has made a higher high. Since 2011, gold has marched down the stairs. Now, for the first time in five years, gold took a step up. This is a classic bottoming pattern. It’s an extremely important signal that suggests the gold bear market is over. The odds now favor gold prices going higher. If you don’t own gold yet, we strongly suggest buying some.

“Wrestling with Something Else”: Why this Gold Bear Market Is Different

Let’s begin with the gold bear market that began in 2011. What do you believe caused it? Do you think this is cyclical or a secular bear market? I share my thoughts here on how we arrived in the current bear market, what factors might help us get out of it and the role real interest rates play in gold prices.

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