Is Gold Still in a Bull Market?

Today Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com talks about his technical analysis of gold and silver as well as giving us insights in to the recent moves in Bitcoin and the stock markets.

Recent comments from the Federal Reserve Chairman Jerome Powell indicated that they may need to raise rates in 2023 (2 years away!). This is primarily due to the continued excessive money printing fueling a surge in inflation. Inflation is no longer transitory but could remain high for some time. All this should have been positive for a gold bull market, but instead, we saw a $90 correction in the gold price. Gareth talks to Dave Russell on this episode of GoldCore TV, who asks; “Is Gold Still in a Bull Market?”

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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

23-06-2021 1782.90 1791.60 1276.56 1280.28 1493.36 1497.24
22-06-2021 1779.10 1775.05 1282.38 1277.50 1496.05 1491.57
21-06-2021 1782.45 1775.05 1285.15 1277.33 1498.51 1490.51
18-06-2021 1792.35 1773.10 1289.24 1281.06 1503.60 1494.01
17-06-2021 1806.75 1778.70 1292.37 1276.04 1511.35 1490.91
16-06-2021 1858.10 1860.75 1316.84 1318.16 1532.93 1534.93
15-06-2021 1863.85 1865.10 1324.08 1324.59 1537.12 1537.77
14-06-2021 1859.75 1865.60 1319.68 1321.96 1534.67 1539.12
11-06-2021 1891.95 1881.05 1336.47 1331.41 1556.13 1551.30
10-06-2021 1882.00 1888.65 1335.09 1334.90 1546.25 1550.20

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Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

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