The Gold Update

The Gold Update by Mark Mead Baillie — 789th Edition — Monte-Carlo — 28 December 2024 (published each Saturday) — www.deMeadville.com “Gold’s Weak Wend Toward Year-End“ Gold just recorded its seventh down week in the last nine, price settling yesterday (Friday) at 2637 … and yet that is higher than Gold’s settle six weeks ago at 2567 on 15 ... Read more

The Gold Update by Mark Mead Baillie — 788th Edition — Monte-Carlo — 21 December 2024 (published each Saturday) — www.deMeadville.com “Gold Seeks Charisma ‘Round Inflation’s Enigma“ Welcome to winter as we type literally through the soltice here at 10:21 CET.  And let’s start with a “Thumbs Up!” to one Elizabeth Morgan Hammack, graduate of THE Leland Stanford Junior ... Read more

The Gold Update by Mark Mead Baillie — 787th Edition — Monte-Carlo — 14 December 2024 (published each Saturday) — www.deMeadville.com “Gold Does the Spike n’ Sink“ Gold’s net change for this past week was a wee +0.4%; yet ’twas hardly mute en route.  Prior to settling yesterday (Friday) at 2666, price was boffed about by another geo-political “spike ... Read more

The Gold Update by Mark Mead Baillie — 786th Edition — Monte-Carlo — 07 December 2024 (published each Saturday) — www.deMeadville.com “Gold Boring; S&P Warning“ First, this tease:  the last time the S&P 500 reached (by our quant-crunching) such current duration of being extremely “textbook overbought”, the mighty Index fell …(drumroll)… -26%.  More on that later. To Gold:  on the heels of last ... Read more

The Gold Update by Mark Mead Baillie — 785th Edition — Cortona, Arezzo, Toscana — 30 November 2024 (published each Saturday) — www.deMeadville.com “Gold in 60 Seconds (IV)“ Saluti dalla Toscana!  As indicated a week ago, our missive this time ’round is a brief read, but to the point; (our usual month-end graphics content shall instead be to-date in a ... Read more

The Gold Update by Mark Mead Baillie — 784th Edition — Monte-Carlo — 23 November 2024 (published each Saturday) — www.deMeadville.com “Gold’s Contra-Trend Rally; S&P’s Earnings(less) Tally“ Let’s begin with Gold, courtesy of the “We Love It When We’re Wrong Dept.” given price having just recorded its best week (by net points gained) in nearly 45 years! For following ... Read more

The Gold Update by Mark Mead Baillie — 783rd Edition — Monte-Carlo — 16 November 2024 (published each Saturday) — www.deMeadville.com “ ‘Tis No Surprise, Gold’s Current Demise ““   For you valued regular readers of The Gold Update, price’s demise across these past three weeks ought be no surprise.  Into Halloween week, Gold vis-à-vis its near-term smooth valuation line ran ... Read more

The Gold Update by Mark Mead Baillie — 782nd Edition — Monte-Carlo — 09 November 2024 (published each Saturday) — www.deMeadville.com “Gold Trumped, Dumped““ Gold’s +35.2% rally this year from 2072 to an All-Time High at 2802 might be couched catalytically as geo-political discomfort were (amongst other rationale) Vice President Harris to have defeated former President Trump, in turn installing her ... Read more

The Gold Update by Mark Mead Baillie — 781st Edition — Monte-Carlo — 02 November 2024 (published each Saturday) — www.deMeadville.com “Gold’s Highs; Inflation’s Rise” Gold’s Highs … Gold just recorded its 16th All-Time Weekly High within the 44 trading weeks that have completed the first 10 months of this year.  Price by Gold’s “continuous front-month contract” (at present that ... Read more

The Gold Update by Mark Mead Baillie — 780th Edition — Monte-Carlo — 26 October 2024 (published each Saturday) — www.deMeadville.com “Gold Taps a Ten-Year Frontier” ‘Tis taken ten years, but what just happened? “Well, mmb, I’m gonna take a stab at this: for the 207 trading days so far this year, Gold has made a record high for ... Read more

The Gold Update by Mark Mead Baillie — 779th Edition — Monte-Carlo — 19 October 2024 (published each Saturday) — www.deMeadville.com “Gold Up; Dollar Up; Yields Up — What’s UP?” ‘Tis simple really.  Against all conventional wisdom (to the extent that any wisdom whatsoever remains as The Investing Age of Stoopid rolls merrily along), Gold is merely yet again ... Read more

The Gold Update by Mark Mead Baillie — 778th Edition — Easternmost England — 12 October 2024 (published each Saturday) — www.deMeadville.com “Gold in 60 Seconds (III)” Our title’s Roman “III” is indicative of having used “Gold in 60 Seconds” now for the third time across these esteemed Saturday missives’ 15 years (previously on both 16 April ’16 and 08 ... Read more

The Gold Update by Mark Mead Baillie — 777th Edition — Monte-Carlo — 05 October 2024 (published each Saturday) — www.deMeadville.com “Gold Stands Idly By as Silver Nears a 12-Year High” Welcome to edition “Triple-Seven” of The Gold Update, wherein we find the yellow metal having settled yesterday (Friday) at 2673, a -0.3% loss (-8 points) for the week. ... Read more

The Gold Update by Mark Mead Baillie — 776th Edition — Monte-Carlo — 28 September 2024 (published each Saturday) — www.deMeadville.com “Gold Surely Soaring; Stock Market Warning“ Soaring indeed has been our Gold:  year-to-date, price has risen from last year’s settle at 2072 to as high as 2709 this past Thursday, to then settle the week yesterday (Friday) at ... Read more

The Gold Update by Mark Mead Baillie — 775th Edition — Monte-Carlo — 21 September 2024 (published each Saturday) — www.deMeadville.com “Gold Flies as Dumbo* Whilst the Fed Goes Jumbo” Thursday’s Prescient Commentary opened as follows:  “We were wrong about the Fed, it having cut its Funds Rates -50bp rather than by our -25bp assertion; and as is our ... Read more

The Gold Update by Mark Mead Baillie — 774th Edition — Monte-Carlo — 14 September 2024 (published each Saturday) — www.deMeadville.com “Fresh Gold Highs for Buyers Wise” Seasoned supporters of Gold well remember the late, great Richard Russell (decd. 2015), who said, (as on occasion herein reprised):  “There’s never a bad time to buy Gold.”  Surely in his ascended state, his ... Read more

The Gold Update by Mark Mead Baillie — 773rd Edition — Monte-Carlo — 07 September 2024 (published each Saturday) — www.deMeadville.com “Gold Stodgy; Stocks Dodgy” Per our prior missive on Gold having recorded its second-narrowest trading week of 2024 (by percentage distance between high and low), now this last week’s performance perhaps is best categorized as “stodgy”, which by the Oxford English ... Read more

The Gold Update by Mark Mead Baillie — 772nd Edition — Monte-Carlo — 31 August 2024 (published each Saturday) — www.deMeadville.com “Gold’s 2nd-Narrowest Week; GDP Defies Belief” 2024’s second quadrimestre is now complete.  So let’s start with our title’s second phrase “GDP Defies Belief”.  For Q2’s annualized GDP growth rate was just raised from an improbable first estimate of +2.8% to now an impossible ... Read more

The Gold Update by Mark Mead Baillie — 771st Edition — Monte-Carlo — 24 August 2024 (published each Saturday) — www.deMeadville.com “Gold Gradually Grips as the Dollar Decidedly Dips““ FedChair Powell’s “Friday Thunder” echoingly careened throughout the cascading heights of Wyoming’s Grand Tetons, across the nation and ’round the world.  “The time has come” rate cut quip resulted in ... Read more

The Gold Update by Mark Mead Baillie — 770th Edition — Monte-Carlo — 17 August 2024 (published each Saturday) — www.deMeadville.com “Gold Again Gains a Marginal All-Time High““ As herein penned last Saturday:  “…Gold is well within range for a fresh All-Time High (above 2538 basis December) in the new week…” And so it came to pass, the yellow ... Read more

The Gold Update by Mark Mead Baillie — 769th Edition — Monte-Carlo — 10 August 2024 (published each Saturday) — www.deMeadville.com “Hilarious Herd Hysteria; Gold Holds Its Area““ Let’s start with stocks, notably citing the hilarity of the FinMedia & Herd hysteria.  Not that we need be reminded, however this past Monday’s (05 August) selling underscored the stock market’s ... Read more

The Gold Update by Mark Mead Baillie — 768th Edition — Monte-Carlo — 03 August 2024 (published each Saturday) — www.deMeadville.com “Gold Makes a ‘FATH’; Stocks Take a Bath““ We’ll explain Gold’s “FATH” in the next paragraph.  But by now, we ought well be getting used to this.  Futures contacts — far and away the most liquid non-physical form of Gold ... Read more

The Gold Update by Mark Mead Baillie — 767th Edition — Monte-Carlo — 27 July 2024 (published each Saturday) — www.deMeadville.com “Gold Gets Gut-Punched … Again“ On the heels of last week’s piece “Another Gold Pop n’ Flop”, now we’ve “Gold Gets Gut-Punched … Again” But be thee not at ends, dear friends.  For as we’ll herein see, Gold’s ... Read more

The Gold Update by Mark Mead Baillie — 766th Edition — Monte-Carlo — 20 July 2024 (published each Saturday) — www.deMeadville.com “Another Gold Pop n’ Flop“ Upon Gold’s record run this past Tuesday into Wednesday’s fresh All-Time High of 2488, we gave pensive consideration to entitling this week’s piece as “The Joy of Being Wrong”.  After all, given Gold’s ... Read more

The Gold Update by Mark Mead Baillie — 765th Edition — Monte-Carlo — 13 July 2024 (published each Saturday) — www.deMeadville.com “Gold Fights the Negatives; Eyes Higher Determinatives“ Recall a week ago (per “Gold Gives Thanks as the Economy Tanks”) our having itemized an array of fundamental Gold positives, albeit there still continue technical Gold negatives, price thus having been somewhat ... Read more

The Gold Update by Mark Mead Baillie — 764th Edition — Monte-Carlo — 06 July 2024 (published each Saturday) — www.deMeadville.com “Gold Gives Thanks as the Economy Tanks“ Through recent missives we’ve been near-term negative on Gold, indeed looking for a move down to test the 2247-2171 structural support zone.  Such read remains in concert with price’s weekly MACD ... Read more

The Gold Update by Mark Mead Baillie — 763rd Edition — Monte-Carlo — 29 June 2024 (published each Saturday) — www.deMeadville.com “Gold Looks to Support as Our Key Trend Goes Short“ “And so we are halfway.”   In this case ’tis not Fräulein Irma Bunt to James Bond (in the guise of Sir Hilary Bray) whilst walking upon the snowy ... Read more

The Gold Update by Mark Mead Baillie — 762nd Edition — Monte-Carlo — 22 June 2024 (published each Saturday) — www.deMeadville.com “Gold Fundamentally Seeking Grip; Technically Still Facing Dip“ To be sure, our recent missives have been near-term negative for Gold, at least technically so, an eye to the 2247-2171 zone apropos.  Still, as you know, Gold these past two weeks ... Read more

The Gold Update by Mark Mead Baillie — 761st Edition — Monte-Carlo — 15 June 2024 (published each Saturday) — www.deMeadville.com “Gold Firms; Fed Squirms“ First to Gold, then the economic mold (its detritus, all told). As herein anticipated a week ago:  Gold’s weekly MACD (moving average convergence divergence) has now confirmed crossing to negative, despite price’s +1.6% up week ... Read more

The Gold Update by Mark Mead Baillie — 760th Edition — Monte-Carlo — 08 June 2024 (published each Saturday) — www.deMeadville.com “Inflation’s Strain Remains Gold’s Bane“ We start with inflation.  Year-to-date we’ve diligently documented that ’tis nowhere near the Federal Reserve’s sought 2% target.  And not that you need be reminded, but with May inflation readings commencing next week, ... Read more

The Gold Update by Mark Mead Baillie — 759th Edition — Monte-Carlo — 01 June 2024 (published each Saturday) — www.deMeadville.com “Gold’s Double-Top Primes Price Plop“ Notwithstanding +23 points of fresh premium as COMEX Gold rolls from the June contract into that for August, there’s no mistaking price having formed a classic near-term double-top.  Here ’tis: The above chart ... Read more

The Gold Update by Mark Mead Baillie — 758th Edition — Monte-Carlo — 25 May 2024 (published each Saturday) — www.deMeadville.com “Gold’s Marginal High and Habitual Cry“ We start with this from the “Pat on the Back Dept.”  Per the prior missive penned a week ago (“Another Gold All-Time High is Nigh”), ’twas therein stated that Gold (then 2420) ... Read more

The Gold Update by Mark Mead Baillie — 757th Edition — Monte-Carlo — 18 May 2024 (published each Saturday) — www.deMeadville.com “Another Gold All-Time High is Nigh“ One week ago we herein opened with this query:  “Is Gold’s near-term correction completed?”  Given the yellow metal’s upside price action since then, we can now answer in the affirmative, (which for ... Read more

The Gold Update by Mark Mead Baillie — 756th Edition — Monte-Carlo — 11 May 2024 (published each Saturday) — www.deMeadville.com “Gold Garners a Groovy Golden Ratio Retracement“ Is Gold’s near-term correction completed?  If so, it lasted 16 trading days spanning from the recent All-Time High of 2449 (12 April) down to 2285 (04 May), a loss of -164 ... Read more

The Gold Update by Mark Mead Baillie — 755th Edition — Monte-Carlo — 04 May 2024 (published each Saturday) — www.deMeadville.com “Own Gold with Reason into Bank Failure Season“ Not to overly dwell — let alone predict — by subject title, however if we search our recollect (thank you Ken Starr), was it not by this time a year ... Read more

The Gold Update by Mark Mead Baillie — 754th Edition — Monte-Carlo — 27 April 2024 (published each Saturday) — www.deMeadville.com “Gold Falters, Treads Water“ Per a tongue-in-cheek note this past week to our StateSide Investors’ Roundtable, we apologized for single-handedly having “crashed” the precious metals’ markets with last Saturday’s missive (“Gold Fit to Pull Back a Bit”) following ... Read more

The Gold Update by Mark Mead Baillie — 753rd Edition — Monte-Carlo — 20 April 2024 (published each Saturday) — www.deMeadville.com “Gold Fit to Pull Back a Bit“ Two missives back we penned “Gold ‘Overbought’ is Great!” and so ’tis been.  These past couple of months have finally seen a long overdue repricing of Gold from some three years ... Read more

The Gold Update by Mark Mead Baillie — 752nd Edition — Monte-Carlo — 13 April 2024 (published each Saturday) — www.deMeadville.com “Gold Achieves Our Forecast High for This Year“ This past Tuesday 09 April at precisely 07:15 GMT, Gold tapped our 2375 forecast high for this year.  As we reminded you valued readers a week ago, such call made ... Read more

The Gold Update by Mark Mead Baillie — 751st Edition — Monte-Carlo — 06 April 2024 (published each Saturday) — www.deMeadville.com “Gold ‘Overbought’ is Great!“ We’ve penned it before, so let’s pen it again: “Gold when technically overbought [as clearly now ’tis] might actually be considered a good thing … [as] great bull markets (or the resumption thereof) do breakout ... Read more

The Gold Update by Mark Mead Baillie — 750th Edition — Monte-Carlo — 30 March 2024 (published each Saturday) — www.deMeadville.com “Gold Reaps More Record Ground” Welcome one and all to the 750th consecutive Saturday edition of The Gold Update.  Having missed nary a Saturday since our first missive (20 November 2009) with Gold then 1151, price since has ... Read more

The Gold Update by Mark Mead Baillie — 749th Edition — Monte-Carlo — 23 March 2024 (published each Saturday) — www.deMeadville.com “Gold’s Fresh Highs; Fed’s Cred Demise?” Gold recorded another series of fresh All-Time Highs this past week in eclipsing the 2203 level (from 08 March) in a swift run up to 2225 on Thursday before coming off (as ... Read more

The Gold Update by Mark Mead Baillie — 748th Edition — Monte-Carlo — 16 March 2024 (published each Saturday) — www.deMeadville.com “Gold’s Expected Detinue; Fed HIKE Must Ensue?“ We start with the Federal Reserve, the Open Market Committee scheduled to deliver its next Policy Statement this coming Wednesday, 20 March (at 18:00 GMT). Obviously the FOMC shall unanimously vote ... Read more

The Gold Update by Mark Mead Baillie — 747th Edition — Monte-Carlo — 09 March 2024 (published each Saturday) — www.deMeadville.com “Gold Flies to Fresh All-Time Highs“ With The Gold Update now in its 16th calendar year and price having just made a series of marginal fresh All-Time Highs these past three trading days (2161 Wednesday, 2172 Thursday, 2203 ... Read more

The Gold Update by Mark Mead Baillie — 746th Edition — Monte-Carlo — 02 March 2024 (published each Saturday) — www.deMeadville.com “Gold Grabs Center-Stage as Stagflation Starts to Rage“ A bold title to head this recital, Gold on Friday posting its best low-to-high intraday gain (+2.4% or +50 points) since 13 December toward settling the week at 2092, essentially ... Read more

The Gold Update by Mark Mead Baillie — 745th Edition — Monte-Carlo — 24 February 2024 (published each Saturday) — www.deMeadville.com “Gold – Short n’ Sweet“ Valued readers ’round the world:  today is our fifth day as beset with a nasty flu.  So this edition (no. 745) is one of our most minimal missives extending as far back as 21 ... Read more

The Gold Update by Mark Mead Baillie — 744th Edition — Monte-Carlo — 17 February 2024 (published each Saturday) — www.deMeadville.com “More Gold Slippin’ as Inflation Renews Rippin’“ We yet again reprise that from this year’s first edition of The Gold Update: “…But in seeing the Dollar take flight to start this year — indeed recovering a 10-day losing ... Read more

The Gold Update by Mark Mead Baillie — 743rd Edition — Monte-Carlo — 10 February 2024 (published each Saturday) — www.deMeadville.com “This is Where it All Goes Wrong (Got Gold?)“ As occasionally is our wont, we start with stocks.  And specific to the somewhat sensationalized title of it all going wrong, “This” is applicable not just to now, but ... Read more

The Gold Update by Mark Mead Baillie — 742nd Edition — Monte-Carlo — 03 February 2024 (published each Saturday) — www.deMeadville.com “Gold Gains Ground on Premium Sound“ When we last left you a week ago, (albeit given the website’s daily updating we never really leave), we were eying Gold as languishing on a weekly basis, but on a daily ... Read more

The Gold Update by Mark Mead Baillie — 741st Edition — Monte-Carlo — 27 January 2024 (published each Saturday) — www.deMeadville.com “Gold Looks to Languish Lower“ On the heels of Gold having consecutively made four lower weekly lows, ‘twould appear there’s more languishing to go.  ‘Course our being Pro-Gold, we hope we’re wrong as so. But recall a week ago ... Read more

The Gold Update by Mark Mead Baillie — 740th Edition — Monte-Carlo — 20 January 2024 (published each Saturday) — www.deMeadville.com “Gold from Time Biding to Price Sliding“ Wherein a week ago we wrote of “Gold Biding Time”, the yellow metal has since proceeded from time biding to price sliding, settling this past week yesterday (Friday) at 2032.  And ... Read more