The Gold Update

The Gold Update is a weekly report reaching thousands of readers on the current state of the price of Gold, (the “G” of our “BEGOS” markets complex). Now in its 15th calendar year, The Gold Update incorporates the proprietary analytics that are a foundational staple throughout the deMeadville website.

We are thankfully honoured that The Gold Update has been regularly republished over these many years by 321Gold, Kitco, Gold-Eagle, Investing.com, Goldseiten, TalkMarkets, GoldSeek, and other prominent financial websites.

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

The Gold Update by Mark Mead Baillie — 739th Edition — Monte-Carlo — 13 January 2024 (published each Saturday) — www.deMeadville.com “Gold Biding Time; Bitcoin Prime Time“ We directly start with this as culled from the second paragraph penned herein a week ago: “…But in seeing the Dollar take flight to start this year … along with the Bond’s ... Read more

The Gold Update by Mark Mead Baillie — 738th Edition — Monte-Carlo — 06 January 2024 (published each Saturday) — www.deMeadville.com “Gold Stumbles into New Year as the Dollar Gets into Gear“ The biggest eye-opener for us through the first four trading days of 2024 — a year in which we’ve called for Gold 2375 — is the Dollar’s ... Read more

The Gold Update by Mark Mead Baillie — 737th Edition — Monte-Carlo — 30 December 2023 (published each Saturday) — www.deMeadville.com “Gold – We Conservatively Forecast 2375 for 2024’s High“ ‘Twas a year ago at this time we opted out of forecasting a high price for Gold in 2023, other than to opine ‘twould make a new All-Time High ... Read more

The Gold Update by Mark Mead Baillie — 736th Edition — Monte-Carlo — 23 December 2023 (published each Saturday) — www.deMeadville.com “A Great Gift for Gold as It Climbs into Christmas“ You likely shan’t glean this from anywhere else, so here we go.  In this 23rd year of the 21st century, for these past five trading days leading up ... Read more

The Gold Update by Mark Mead Baillie — 735th Edition — Monte-Carlo — 16 December 2023 (published each Saturday) — www.deMeadville.com “Gold’s Upside Fruition; Stocks’ Suicide Mission“ Yes, ’tis The Gold Update, but we’re compelled (as occasionally is our wont) to start with stocks’ suicide mission, given Gold in upside fruition (albeit still vastly undervalued) is doing just fine, thank you ... Read more

The Gold Update by Mark Mead Baillie — 734th Edition — Monte-Carlo — 09 December 2023 (published each Saturday) — www.deMeadville.com “Gold-Record’s Calamity; Stocks’ Stark Misfortune-to-Be“ British Prime Minister (1874-1880) Benjamin Disraeli is infamously quoted in reference to the leader of Parliament’s Opposition:  “If Gladstone fell into the Thames, that would be a misfortune; and if anybody pulled him ... Read more

The Gold Update by Mark Mead Baillie — 733rd Edition — Monte-Carlo — 02 December 2023 (published each Saturday) — www.deMeadville.com “Gold:  Finally!“ If you caught last Tuesday’s tweet (@deMeadvillePro, Gold then 2042) you saw where this was going:  “Santa clearly is contemplating a new all-time Gold high by Christmas. ‘Twould be 2075 spot a/o 2089 FebFuts. (On verra…)”  ... Read more

The Gold Update by Mark Mead Baillie — 732nd Edition — Cortona — 25 November 2023 (published each Saturday) — www.deMeadville.com “Basking Under Gold“ Greetings from under the Tuscan sun.  Here in Cortona, recorded history dates all the way back to the Etruscans in the 8th century BC, (which for you WestPalmBeachers down there is some 2,900 years ago).  ... Read more

The Gold Update by Mark Mead Baillie — 731st Edition — Monte-Carlo — 18 November 2023 (published each Saturday) — www.deMeadville.com “Gold Pops as Inflation Stops and the Economy Flops“ Some 40 years ago per advertising billboards for the evening blatt known as the San Francisco Examiner:  “A lot can happen between 9 and 5”.  And relative to just this past ... Read more

The Gold Update by Mark Mead Baillie — 730th Edition — Monte-Carlo — 11 November 2023 (published each Saturday) — www.deMeadville.com “Gold’s Bang-On-Time Dive“ Let’s open with this from the “We Hate It When We’re Right Dept.” reinforced by the age-old axiomatic quip:  “Be careful of that for which you wish as you just might get it.”  And you regular ... Read more

The Gold Update by Mark Mead Baillie — 729th Edition — Monte-Carlo — 04 November 2023 (published each Saturday) — www.deMeadville.com “Gold’s Post-Geopolitical Pullback“ From our purview, Gold appears on the perch of a downside lurch:  a classic post-geopolitical pullback. “Unless like you’ve said that maybe ‘it is different this time’, right mmb?”  Indeed, Squire, ‘twould be wonderful if ... Read more

The Gold Update by Mark Mead Baillie — 728th Edition — Monte-Carlo — 28 October 2023 (published each Saturday) — www.deMeadville.com “S&P Squirms; Gold Firms“ Welcome to this week’s missive featuring your favourite end-of-month graphics as we put the wraps on October, (albeit with two trading days in the balance followed by Wednesday’s EuroSide holiday).  And sadly as the ... Read more

The Gold Update by Mark Mead Baillie — 727th Edition — Monte-Carlo — 21 October 2023 (published each Saturday) — www.deMeadville.com “Gold:  Range-Bound?  Or Moon-Bound?“ Across the past 23 trading days (from 20 September) Gold traded per that date’s high of 1969 down -145 points (-7.4%) to 1824 (on 06 October) from which price then ascended +185 points (+10.1%) ... Read more

The Gold Update by Mark Mead Baillie — 726th Edition — Monte-Carlo — 14 October 2023 (published each Saturday) — www.deMeadville.com “Awakening to Gold“ Now before we all get too excited out there about Gold having yesterday (Friday) posted its largest one-day net gain since 17 March by both percentage +3.4% and points +64, let us acknowledge that price is right ... Read more

The Gold Update by Mark Mead Baillie — 725th Edition — Monte-Carlo — 07 October 2023 (published each Saturday) — www.deMeadville.com “Gold Further Tanks; to the Dollar No Thanks“ “Well ya know, Gold is down because of Dollar strength…” Oh good grief are we sick of hearing that.  Honest to Pete, knee-jerk “conventional wisdom” is hardly our investing indicator ... Read more

The Gold Update by Mark Mead Baillie — 724th Edition — Monte-Carlo — 30 September 2023 (published each Saturday) — www.deMeadville.com “Gold Guillotiné !“ We start by paraphrasing this oft-misquoted line from American TV icon Desi Arnaz:  “mmb, you’ve got some ‘splaining to do!”, even as our two previous missives entitled Gold as being “Technically Torturous” and “The Torture Continues”.  ... Read more

The Gold Update by Mark Mead Baillie — 723rd Edition — Monte-Carlo — 23 September 2023 (published each Saturday) — www.deMeadville.com “Gold – The Torture Continues“ On the heels of last week’s piece “Gold – Fundamentally Fabulous, Technically Torturous“, we’ve given consideration to some infamous tortures foisted upon mankind across the centuries.  And how well-documented they are!  The exasperating drips of ... Read more

The Gold Update by Mark Mead Baillie — 722nd Edition — Monte-Carlo — 16 September 2023 (published each Saturday) — www.deMeadville.com “Gold – Fundamentally Fabulous, Technically Torturous“ Firstly:  Gold is fundamentally fabulous given its ultimate valuation is a function of currency debasement.  Hardly is that news to our veteran readership, nor to anyone who fully comprehends The Gold Story.  ... Read more

The Gold Update by Mark Mead Baillie — 721st Edition — Monte-Carlo — 09 September 2023 (published each Saturday) — www.deMeadville.com “Gold’s All-Time High Drive Departs With a Dive“ Quite the inauspicious start for Gold’s fresh parabolic Long trend as otherwise herein detailed a week ago.  Indeed then we were all megaphones and pom-poms about Gold now being en route ... Read more

The Gold Update by Mark Mead Baillie — 720th Edition — Monte-Carlo — 02 September 2023 (published each Saturday) — www.deMeadville.com “Gold and Silver Finally Flip!  How High Might Be This Next Up Trip?“ Thank goodness, THAT’S over. “ ‘THAT’ being what, mmb? “ THAT, Squire, being the Short parabolic trend for both Gold and Silver having finally reached the ... Read more

The Gold Update by Mark Mead Baillie — 719th Edition — Monte-Carlo — 26 August 2023 (published each Saturday) — www.deMeadville.com “Gold Grips a Bit, but Silver Rips!“ This past week wherein Gold finally garnered a wee bit of grip, ’twas Sweet Sister Silver who showed how to rip!  Whereas Gold settled yesterday (Friday) at 1943 for a +1.3% ... Read more

The Gold Update by Mark Mead Baillie — 718th Edition — Monte-Carlo — 19 August 2023 (published each Saturday) — www.deMeadville.com “Gold’s Bottom-Seeking Descent; BRICS Seeming a Non-Event“ Gold just completed its 10th down week of the last 15, “spot” settling yesterday (Friday) at 1890 and the far more actively-traded December contract at 1918.  Regardless, where is the bottom? ... Read more

The Gold Update by Mark Mead Baillie — 717th Edition — Monte-Carlo — 12 August 2023 (published each Saturday) — www.deMeadville.com “Ain’t Just Gold Been Headin’ Down…“ Before we graphically elaborate on this week’s double-entrendre Texas-speak title, let’s be up front as regards a mis-guided inference from a week ago.  Therein we wrote with respect to Fitch’s downgrading StateSide credit from ... Read more

The Gold Update by Mark Mead Baillie — 716th Edition — Monte-Carlo — 05 August 2023 (published each Saturday) — www.deMeadville.com “Gold is Always AAA; the USA? uhhhhh….“ We’ll get underway with our title’s “uhhhh….”  To which you wily readers weren’t surprised a wit this past Tuesday upon “Forever First Fitch” downgrading the credit rating of the dear ol’ USA from AAA ... Read more

The Gold Update by Mark Mead Baillie — 715th Edition — Monte-Carlo — 29 July 2023 (published each Saturday) — www.deMeadville.com “Gold Behaving; Stocks Still Raving!“ Let’s start with this, courtesy of the “It’s Not About Us Dept.” A week ago we herein thoroughly vetted the state of these Big Three eventualities:  Gold’s stop, Fed’s pop, S&P’s flop. Thus ... Read more

The Gold Update by Mark Mead Baillie — 714th Edition — Monte-Carlo — 22 July 2023 (published each Saturday) — www.deMeadville.com “Gold’s Push Hits Stop; Fed Preps Rate Pop; S&P Set to Flop“ Quite the trifecta in our title:  Gold, the S&P and the Fed all well in play for the week ahead. And straightaway we start with Gold — which considering ... Read more

The Gold Update by Mark Mead Baillie — 713th Edition — Monte-Carlo — 15 July 2023 (published each Saturday) — www.deMeadville.com “Gold Garners Glow; Stocks Go Whacko“ On the off chance you somehow missed this past Monday’s early morning tweet (@deMeadvillePro) with Gold then wallowing about in the 1920s, here ’tis: “Gold’s ‘Baby Blues’ have confirmed moving above their ... Read more

The Gold Update by Mark Mead Baillie — 712th Edition — Monte-Carlo — 08 July 2023 (published each Saturday) — www.deMeadville.com “Gold’s Downtrend Duly Dissed?  Stocks’ 10 Crash Catalysts!“ As worried as we are over the wildly overvalued stock market — our 10 crash catalysts itemized herein — let’s start with Gold as ’tis our mold. And from this ... Read more

The Gold Update by Mark Mead Baillie — 711th Edition — Monte-Carlo — 01 July 2023 (published each Saturday) — www.deMeadville.com “Happy Mid-Year Finds Gold Up a Gear“ “Happy Mid-Year!”  indeed with Gold up a gear — specifically +5.3% year-to-date — in having settled out this past week yesterday (Friday) at 1928. That stated, you regular readers well know we ... Read more

The Gold Update by Mark Mead Baillie — 710th Edition — Monte-Carlo — 24 June 2023 (published each Saturday) — www.deMeadville.com “Gold Sinks in Sync with its Parabolic Short Trend“ Five weeks have passed since Gold flipped its weekly parabolic trend from Long to Short, (effective the week ending 26 May).  And yet through these recent weeks, Gold really ... Read more

The Gold Update by Mark Mead Baillie — 709th Edition — Monte-Carlo — 17 June 2023 (published each Saturday) — www.deMeadville.com “Fed Doing Cruise Control; Gold Doing Donuts; S&P Doing Wheelies!“ The title to this week’s missive pretty much puts it all in perspective.  And to the extent this week’s closing bit spooks you from stocks is your own cash ... Read more