Gold-Eagle

The US dollar became the world’s primary reserve currency due to the economic devastation of World War II and was cemented by the 1944 Bretton Woods Agreement. Because the US mainland was untouched by war and held most of the the world’s gold, 44 Allied nations agreed to peg their currencies to the dollar, which was backed by gold. What are the issuer’s responsibilities?

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. SGS Key Charts, Signals, & Video Analysis SG60 Key Charts, Signals, & Video Analysis My SG60 service is ideal for investors who like a nice mix of stoploss trades and core positions. We have a solid mix of gold stocks, oil stocks, growth stocks, a bit of crypto, uranium stocks, and silver stocks too! The SG60 subscription is just $229 per year.

Gold and silver are now set up for the summer rebound to take shape. And so starting off, let's review the positive divergence that we had in the precious metal sector. I touched on it in last week's video. I raised the point, is it a bottom or the bottom? Well, it's definitely a bottom. Time remains to be seen if this is the ultimate bottom, but for here and now, and I think at minimum, at least for the summer, the bottom is in and we should see a decent rally. The Daily Gold *********

The daily Market Rundown from GoldFix — Vincent Lanci's read on gold, silver, and the macro tape VIDEO Gold Fix ********

This will be a shorten article, as this week is America’s 4th of July Celebration, the day America declared its independence from the British Empire in 1776. No other event in human history had brought forth such wonderful developments for the average human being. America was where the “middle-class” was developed. The large sector of society that didn’t live in luxury at the top, or endured the grinding poverty at the bottom.

We really like what we’re now seeing for Gold. After many-a-week of downside drudgery, ‘twould appear the yellow-metal is at least poised to make a turn back up, perhaps substantively so. More on that in a minute, but first: StateSide — it being “The Fourth of July” (No. 250) — let’s start with some feuding fireworks from the FinMedia as regards FedHead Kevin “The Warrior” Warsh this past Thursday at 2026’s European Central Bank Forum in Sintra, Portugal.

Although we've seen a bounce in gold and silver over the last couple of days, the biggest driver behind the recent weakness has been the market's sudden shift in expectations surrounding the Federal Reserve. Just a few months ago, investors widely expected at least one more interest rate cut this year. Now, following a series of hawkish comments from new Fed Chairman Kevin Warsh, many traders are betting the next move could actually be a rate hike.

Our proprietary cycle indicator is now UP. To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating. Investors Accumulate positions during an up cycle and hold for the long term.

Gold’s brutal plummeting in June on Fed-rate-hike fears made for its worst month in nearly 18 years. All that carnage fueled heavy capitulation selling, forcing herd sentiment back to very-bearish and slamming gold into deep oversoldness. But such an irrational wildly-overdone selloff in gold’s seasonally-weakest month is very bullish. It set the stage for big mean-reversion gains as gold’s seasonal launchpad nears.

The first trading days of July have brought plenty of movement - but very few clear answers. Across multiple markets, the prices continue to test major technical levels, while buyers and sellers fight for control without delivering a decisive breakout. Today's Lab is all about one question: what happens next if one side finally wins? Dollar (DX.F) Let's start with a quick look back at yesterday's outlook before jumping into today's update.