Geopolitical risk on the horizon (part 3)

Wars between great powers begin between their surrogates at those intersecting areas where their influences are in conflict. China is by any reasonable measure already a great power, and their “manifest destiny” (as it was for Japan previously) is a new “Greater East...

Geopolitical risk on the horizon (part 2)

Gold prices meandered sideways last week, staying between $1,280 and $1,300 per ounce. The U.S. dollar rallied but then fell back below both its 50-day and 100-day moving averages (see the following chart). Gold continues to have bullish support. Geopolitical risk has...

Geopolitical risk on the horizon

Gold prices meandered sideways while staying in a moderate uptrend on the daily charts. But the daily charts of the U.S. dollar show a significant downturn, falling below both its 50-day and 100-day moving averages (see chart below). If the dollar stays down, it will...

All roads lead to China (part 3)

Gold finished higher for the second straight week, breaking into an uptrend on the daily charts (see chart below) as the U.S. dollar broke down on its daily charts. Gold’s monthly charts continued in an uptrend. China continues to play a large role in the gold market....

All roads lead to China (part 2)

Gold prices bounced around last week and then sold off Friday (11/10), despite the breakdown of the U.S. dollar’s daily chart. President Trump met with Chinese President Xi Jinping, as China seeks to become the economic hegemon of Asia and beyond. According to HSBC...

All roads lead to China

Gold prices bounced around last week, settling back down near the recent low of $1,264 per ounce. The U.S. dollar ended the week back up near its breakthrough high. As President Trump heads to Asia this week, he is confronted by two major challenges to U.S. influence...