The Gold Update

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

The Gold Update by Mark Mead Baillie — 708th Edition — Monte-Carlo — 10 June 2023 (published each Saturday) — www.deMeadville.com “Gold Sees Short Squeeze?  S&P’s Weak Knees?“ As you regular readers know, Gold’s weekly parabolic trend confirmed flipping from Long to Short at the close of trading back on 26 May per the August (now front month) contract ... Read more

The Gold Update by Mark Mead Baillie — 707th Edition — Monte-Carlo — 03 June 2023 (published each Saturday) — www.deMeadville.com “Gold Gets the Grip n’ Trip Treatment“ Point:  One of the long-standing trading tenants of “The Smart Alec Dept.” is to “buy the rumour” and then “sell the news”.  We thus present the quintessential example of such grip ... Read more

The Gold Update by Mark Mead Baillie — 706th Edition — Monte-Carlo — 27 May 2023 (published each Saturday) — www.deMeadville.com “Gold:  Our Near-Term Downside Target Zone“ As herein penned just a week ago for Gold: “…the present … Long trend can swiftly end in tears. Either Gold right now resumes adroitly up, or … just a wee drop ... Read more

The Gold Update by Mark Mead Baillie — 705th Edition — Monte-Carlo — 20 May 2023 (published each Saturday) — www.deMeadville.com “Gold’s Nigh High Goes Awry (aka When We’re Wrong, We’re WRONG!)“ From “Nigh” to “Awry” indeed, as straightaway we run with this rare reprise:  “Boy, Did I Get a Wrong Number!” –[Hope, Sommer, Diller; UA, ’66]. Since mid-March, ... Read more

The Gold Update by Mark Mead Baillie — 704th Edition — Monte-Carlo — 13 May 2023 (published each Saturday) — www.deMeadville.com “Gold Comes a Bit Undone, but Silver’s Selling is Overdone!“   A mere four weeks ago we penned our 700th missive entitled “Gold: The Next All-Time High is Nigh”.  And as you nauseatingly know from just prior to ... Read more

The Gold Update by Mark Mead Baillie — 703rd Edition — Monte-Carlo — 06 May 2023 (published each Saturday) — www.deMeadville.com “Gold Nears Record Threshold … Then Gets Royally Rolled“ And if you blinked — literally — you missed it.  In one of the most bizarre GLOBEX/COMEX session openings we’ve ever witnessed — that for this past Thursday, 04 May — ... Read more

The Gold Update by Mark Mead Baillie — 702st Edition — Monte-Carlo — 29 April 2023 (published each Saturday) — www.deMeadville.com “Gold Our Best Vertex; S&P Train Wrecks“ We’ve completed the year’s first trading quadrimestre (a little French lingo there).  And just as we saw at March’s month-end, so too through April is Gold again sporting the highest year-to-date percentage BEGOS Markets vertex ... Read more

The Gold Update by Mark Mead Baillie — 701st Edition — Monte-Carlo — 22 April 2023 (published each Saturday) — www.deMeadville.com “A Time to Add to One’s Gold Stack; (for the S&P, Prepare Hard Hat)“ Yes, per last week’s 700th missive, an All-Time High for Gold remains nigh, (i.e. above 2089).  Yet en route to said notion of nigh, we also ... Read more

The Gold Update by Mark Mead Baillie — 700th Edition — Monte-Carlo — 15 April 2023 (published each Saturday) — www.deMeadville.com “Gold:  The Next All-Time High is Nigh“ When we penned the first edition of the Gold Update 699 Saturdays ago on 21 November 2009 — for whom the sole recipient was one JGS (thank you, mate) — the price ... Read more