APM Blog

Category Archives: Gold

Gold Feels a Bit Different

By Neland Nobel Part of gold’s recent story has been that of disappointment.  A rally begins, and what takes weeks of clawing upward is erased quickly. Then gold starts the process again seemingly to fail at important inflection points.  End result: flip flopping around in trading range. Could that be … Readmore

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2021 Was an Odd Year for Gold

By Neland Nobel The year 2021, will certainly go down as an odd one for gold.  As the chart below shows, gold spent most of the year in negative territory. It has not been a substantially negative performance, but more of a sideways move with modest losses. Gold was never … Readmore

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Cross Your Fingers As Gold Approaches Important Inflection Point

What is an inflection point?  It is a point, or multiple points, on the chart where success or failure at a given price juncture is believed to have some predictive abilities to determine a change in price behavior. The yellow metal is approaching a cluster of price levels that could … Readmore

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Gold Correction Well Underway

In our last entry, we suggested that gold had become “overbought” and vulnerable to correct, even though the main theme was taking a closer look at silver. The selloff seemed primarily caused by reaction to statements from the Federal Reserve, especially those of non-voting member Bullard of the St. Louis … Readmore

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Gold Breaks Through to Important Overhead Resistance

By Neland Nobel We suggested that gold had put in a major low in early March, and put in a double bottom, a variant of the classic head and shoulders bottom. The importance of $1800 was noted in the last blog and we suggested, that if that level were broken, … Readmore

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Gold Once Again Approaches an Important Inflection Point

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

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Gold Correction Entering Bottoming Zone

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

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Current Gold Action is Doing Some Good

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

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At the River’s Edge Once Again:  Will Gold Make It to The Other Side?

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

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Is Gold Expensive?

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

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