Intraday Market Thoughts
Archived IMT (2010.08.16)
by
Aug 16, 2010 14:42
GOLD SEASONALS of the last 8 years indicate Q4 is the best quarter, showing % gains in 7 out of the last 8 years , followed by Q3 and Q1 rising in 6 of the last 8 years. The current gold rally COULD BE ESPECIALLY POWERFUL as it combines the onset of further treasuries purchases by the Fed and broadening questions about Eurozone debt, this time from Ireland. The Irish-German 10 year yield spread is testing the 4.0% territory, which is 20-bps away from the all time high reached in June 2009. Watch Gold in EUR terms and a close above EUR 960/oz. GOLD/USD HAS NOW BROKEN ABOVE its 55, 100 and 200-day MAs FOR THE FIRST TIME since April (when Eurzone debt crisis erupted and fed a 15% rally in gold). $1,270-80 is seen before end of Q4.
Latest IMTs
-
مقابلتي المفصلة مع جو الهوا
by Ashraf Laidi | Feb 26, 2021 13:29
-
Yield Shield Peeled
by Adam Button | Feb 25, 2021 22:26
-
Yields Hit Nasdaq, Bitcoin Pre-Powell
by Adam Button | Feb 23, 2021 14:35
-
Yields Fly, Industrial Metals Follow, not Gold or Silver
by Adam Button | Feb 19, 2021 19:29
-
Tempting Charts & Positive Conflicts
by Adam Button | Feb 18, 2021 19:02