Category Archives: APM News

By Neland Nobel Gold is now at a turning point, which happens to be slightly below the blue 50 day moving average. There were a series of highs formed around $1760 that represents the “neckline” of the double bottom formation that gold has been building. (See chart below) Secondly, all … Readmore →

By Neland Nobel Gold has been in a deceptive correction since last July.  We say deceptive because it has failed several times by the narrowest of margins to breakout, it has stopped at appropriate resistance, only to hover there in a tantalizing fashion, and then proceed lower. It is not … Readmore →

Gold has made it back to and thru, an old multiple point low around $1850 (the pink line) that was considered support as we broke down from the top.  It is constructive to make it through old lines of support, or resistance. Gold defended successfully its 200-day moving average and … Readmore →

We have been in this situation twice before in recent times.  Gold reaches an inflection point such as the declining linear trend, and tests the line, but falls back.  The troops are at the riverbank, but never cross. We recently alerted you to some specific price levels to watch.  We … Readmore →

Since the low in gold of $1045 in late 2015, gold has almost doubled in price.  Year to date gold bullion is up about 25% while the stock market as measured by the broad S&P is up only about 8%.  Bonds as measured by AGG, core US aggregate, is up … Readmore →

Gold had a strong run falling just short of $2,100 per ounce, became significantly overbought, and has had a modest corrective phase since the peak in early August. We have dropped about $240 dollars or about 12% from the peak down to the $1850 area. Because we believe gold remains … Readmore →