Both gold's futures market and cash index climbed to new all-time highs last week.
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Market analysts will likely be talking about fundamentals and the latest headlines, but none of this matters at this point.
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I was set to open this piece with the sentence, “A while back I wrote about applying my Market Rules to the gold market…”, thinking it was two, maybe three months. I casually scrolled through my archives on Barchart, and after going through a few months I couldn’t find it, so Googled “Darin Newsom Barchart Gold Rules”. It popped up – From October 17, 2024. It had been nearly a year. I knew time accelerated as one got older, but it still amazed (amused?) me almost 12 months had gone by. My interest piqued, I quickly reread what I wrote back then. As it turns out, I was set to write much the same thing this time around the calendar without realizing it, another drawback of having eclipsed the big 6-0 this past summer. With that in mind, and to hopefully avoid completely repeating myself, I’m going to take a different tack.
