Monday 27 July 2020

A Golden start to the week

US equity indexes closed broadly positive, sp +23pts (0.7%) at 3239. Nasdaq comp' +1.7%. Dow +0.4%. The Transports settled +0.9%.




US equities opened in chop mode, but did claw upward into the late afternoon. Volatility was itself subdued, the VIX settling -4.3% to 24.74. 


Gold broke above the Sept'2011 historic high of $1923s, printing the $1941s. Today's cooler dollar in the DXY 93s certainly helped.

Gold, monthly'3

Psy'2K could clearly be seen before end month. Next big target is the 2400/500 zone.

Your views...

88.2% of you expect Gold to break above 2K before year end. With gold already breaking a new historic high, yours truly is open to 2400/500 before year end.

Around a third of you expect Silver to max out within the 25/29s.

Its not surprising to see Barrick Gold as the leader... and the leader is it, if not in price (still to break new historic highs), but underlying fundamentals.

Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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