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Gold Goes Boom

23 April 2021

That was my first thought when I opened my bleary eyes on Thursday morning. In the darkness of the hotel room, the bright backlighting from my phone pierced my retina’s. Against the crisp white background there was a price line heading north…touching US$1,795 per ounce.

Gold’s up…how much longer until it cracks US$1,800 per ounce, I muttered to myself.

In the 24 hours since then, the price of the yellow metal has slipped ever so slightly. Yet that rally is just enough to give rusted on gold bulls hope.

Of course, the gold price rebound is something Nick Frappell talked about earlier in the week in his 360o Weekly Wrap video.

If you haven’t seen the video, have a look. Nick explains the neat ‘W’ shape gold has made in the past two months.

Check it out:
US dollar gold price | Daily chartUS Dollar Gold Price Daily Chart 23.04.21
Source: Trading View

Throw in the little black arrow I’ve drawn on the chart and perhaps the yellow metal has emerged from its slumber.

We’ll talk more technical stuff another time. Now, let’s get down to business.

Let’s chat
Gold slips 1% as stronger US dollar weighs’ Reuters said this morning.[SR1] 

Hmmm. Yes it did. But as an investor myself, how is this information useful? More importantly what does that headline reveal for a retail investor trying to get an edge in this turbulent world?

Well, nothing, really.

Sure, it’s a snapshot of the overnight market action. Traders who move in and out by the minute might like the direction that headline gives them. But that headline is no use for us mere mortals.

And that my friend, is why I’m here.

Allow me to introduce myself.

My name is Shae Russell and I’m the new Group Communications Manager at Pallion Group.

Some of you may know me as an investment analyst. Some of you may have seen me at conferences over the years. A handful of you may know me as the gold chick from Twitter.

If you’ve never heard of me, it’s nice to meet you.

So what am I doing on these pages and why am I suddenly in your inbox?

To give you useful information to help you navigate the bullion markets. Cut through the market noise and headline churn and show you the underlying trends driving precious metals.

Investing in bullion is more than a headline or sound bite on the nightly news.

Gold and silver – and even platinum and palladium – are about building a diverse portfolio of investments.

I want us to delve into these markets together, so tell me what you think. Drop me a line here [email protected].

Until next time,
Shae Russell,

For ABC Bullion
Group Communications Manager, Pallion Group