Gold Price Trend Forecast Review and Stocks Brief / Commodities / Gold and Silver 2018
Here's a quick update of my Gold Price trend forecast.
My forecast conclusion as of early September was to expect the following trend for the Gold Price for the remainder of 2018
My gold price trend forecast was first made to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Here is the updated chart that shows little deviation in trend.
The mild relative strength against the forecast suggests the Gold price should have a better 2019 than 2018, which is inline with my recent Silver price forecast for 2019. I'll come back to a new trend forecast for the Gold price in the new year after extensive analysis on the UK and US housing markets has been completed.
Stock Market Brief
I'll likely take a quick look at stocks before the end of this week. However, in line with my comments posted on the matter, the break below Dow 23,800 has negated my remaining bullish expectations in terms of the trend forecast made 5 months ago that also warned to expect a tough 2019 for stocks, which the recent price is a strong confirming warning sign of.
And remember to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.
A Merry Christmas to All my readers.
Your analyst,
Nadeem Walayat
Copyright © 2005-2018 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.
Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
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© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.