Image Source:  Gold and Silver especially closed the week higher, with Silver surging to above $31/oz while Gold closed at a weekly higher high, above $2400/oz.Gold is building on its cup and handle breakout, which has a measured upside target of $2900-$3000/oz.Silver is gaining strength after breaking resistance at $29-$30/oz. This is the highest weekly close for Silver in over 11 years. It has a strong target of $34-$35/oz before major resistance at $50/oz.After three and a half years of correction and consolidation, Gold and Silver are in new bull markets and could reach price levels in the next few years, which would make some blush.Gold’s cup and handle pattern has a measured upside target of $3000/oz and a logarithmic target of $4000/oz. If Gold followed the 2005 to 2008 and 2008 to 2011 cyclical moves, it would surpass $4000/oz.I suspect this cyclical bull market will surpass those but fall short of the 1970-1974 and 1976-1980 bulls, in which Gold’s move was off the chart in both cases.(Click on image to enlarge)    In the next chart, we plot the current move in Silver with its four strongest cyclical bulls and an average of the four.Interestingly, all four bulls and the average accelerate higher from around $50/oz in early 2026. The sooner Silver reaches $50/oz, the longer its correction and consolidation could be before it breaks $50/oz.    (Click on image to enlarge) Last month, we wrote: Gold is only two months into its most significant breakout in 50 years. This will carry Silver […]

Stocks were parked today, after a week of substantial gains.Gold and silver rocketed higher, with silver putting in a short-scorching rally.The Dollar was nominally unchanged.There are big events on the move behind the scenes.  For now, we only feel their tremors.Have a pleasant weekend.(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)

Stocks were parked today, after a week of substantial gains.Gold and silver rocketed higher, with silver putting in a short-scorching rally.The Dollar was nominally unchanged.There are big events on the move behind the scenes.  For now, we only feel their tremors.Have a pleasant weekend.(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)

Image Source:  ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 132.88 points or -0.34% to 38,787.38 Shanghai increased 31.63 points or 1.01% to 3,154.03 Hang Seng increased 177.08 points or 0.91% to 19,553.61 ASX 200 decreased 66.90 points or -0.85% to 7,814.40 Kospi decreased 28.38 points or -1.03% to 2,724.62 SENSEX increased 253.31 points or 0.34% to 73,917.03 Nifty50 increased 62.25 points or 0.28% to 22,466.10 The major Asian currency markets had a green day today: AUDUSD increased 0.00006 or 0.01% to 0.66826 NZDUSD increased 0.00049 or 0.08% to 0.61286 USDJPY increased 0.129 or 0.08% to 155.526 USDCNY increased 0.00798 or 0.11% to 7.23147 The above data was collected around 11:54 EST.Precious Metals: Gold increased 29.13 USD/t oz. or 1.23% to 2,406.93 Silver increased 0.936 USD/t. oz. or 3.15% to 30.607 The above data was collected around 11:57 EST. EUROPE/EMEA:The major European stock markets had a negative day today: CAC 40 decreased 20.99 points or -0.26% to 8,167.50 FTSE 100 decreased 18.39 points or -0.22% to 8,420.26 DAX 30 decreased 34.39 points or -0.18% to 18,704.42 The major European currency markets had a green day today: EURUSD increased 0.00013 or 0.01% to 1.08690 GBPUSD increased 0.00326 or 0.26% to 1.27038 USDCHF increased 0.00185 or 0.20% to 0.90793 The above data was collected around 12:02 EST. US/AMERICAS:US Market Closings: Dow advanced 134.21 points or 0.34% to 40,003.59 S&P 500 advanced 6.17 points or 0.12% to 5,303.27 Nasdaq declined 12.35 points or -0.07% to 16,685.97 Russell 2000 declined 0.53 of a point […]

Image Source:  — nothing but CPI — a defining moment for the AI trade — gold and silver — bond markets — cocktail for volatility — do not be a vol starved animal Expected Move — — last week — 67.29 (5–day expected move) — next week– (5–day expected move)Video Length: 00:20:11

Video Length: 00:07:41 On the latest edition of Market Week in Review, Director of Investment Strategies, Shailesh Kshatriya, and ESG and Active Ownership Analyst Zoe Warganz discussed the U.S. inflation and retail sales reports from April, as well as the market’s reaction. They also chatted about the improving economic outlook in Europe. U.S. inflation cools for the first time in 2024 Warganz and Kshatriya began with a look at the U.S. consumer price index (CPI) report for April, which was published by the Labor Department on May 15. Kshatriya noted that markets were a little anxious in the lead-up to the report’s release, given that  during the first three months of the year.This time around, however, inflation took a step in the right direction, he said, with the core CPI slowing to a monthly gain of 0.3%—down from a 0.4% increase in April. That brought the annual core inflation rate down from 3.8% in March to 3.6% in April, Kshatriya noted.“Importantly, some of the key services categories that had been somewhat sticky over the past few months—such as shelter and transportation—also eased during April,” he remarked. Kshatriya added that while the overall April inflation numbers were encouraging, one month doesn’t make for a trend. “The U.S. Federal Reserve (Fed) will continue to be very data-dependent as it weighs potential changes to monetary policy, and will be looking carefully at upcoming reports to get a more complete sense of the inflation picture,” he stated.The week of May 13 also saw the release […]