{"id":345,"date":"2021-01-15T16:01:26","date_gmt":"2021-01-15T16:01:26","guid":{"rendered":"https:\/\/kinesis.money\/uncategorized\/gold-market-update-week-1-in-focus\/"},"modified":"2022-05-11T13:20:24","modified_gmt":"2022-05-11T13:20:24","slug":"gold-market-update-week-1-in-focus","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pt-br\/blog\/gold-market-update-week-1-in-focus\/","title":{"rendered":"Gold market update &#8211; Week 1 in focus"},"content":{"rendered":"\n<p>Andrew Maguire reveals the official intervention behind the first week\u2019s action in the gold markets.<\/p>\n\n\n\n<div class=\"video-box\"><iframe src=\"https:\/\/www.youtube.com\/embed\/d_Ysec_pYUI\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n\n\n\n<p><b>&nbsp;<\/b><br>\n<strong>Watch this week\u2019s Live from the Vault for:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>2021 gold and silver price expectations.<\/li><li>Important Q1 and Q2 stairsteps for gold and silver.<\/li><li>Concerns around supposed bearish COT report addressed.<\/li><li>Strong physical demand vs new US dollar strength.<\/li><li>The marketwide impact of Basel III rules.<\/li><\/ul>\n\n\n\n<p>In this week\u2019s update on the gold and silver markets, Andrew Maguire drills down on the fundamentals evidencing official intervention in the first two week\u2019s trading of 2021.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\" id=\"h-opening-action\">Opening action<\/h6>\n\n\n\n<p>The moment New Year\u2019s trading began, the upside Gold Futures driven Monday gap opened. However, the opening action of 2021 was rightly met with caution in the markets, with Andrew Maguire reminding us that \u201cthese futures driven gaps tend to get closed.\u201d<\/p>\n\n\n\n<p class=\"has-link-color wp-elements-c26071c6dc9361802582c2cab7044fe8\">As the week progressed, two major US Federal Reserve events in quick succession each triggered a slump in the gold price. With the Federal Open Market Committee <strong>(FOMC)<\/strong>, 6th January, and the release of Non-Farm Payroll data, January 8th, both historically weighing on gold. A recurring market trend Andrew Maguire observed last year with the September release of Non-Farm Payroll data.<\/p>\n\n\n\n<p>However, Andrew Maguire reports that the New Year downside gap close was far more aggressive than could possibly have been anticipated in such a strong physical market.<\/p>\n\n\n\n<p class=\"has-link-color wp-elements-e1f80a753d6c04e9818255c9217d50ba\"><i>Watch Andrew Maguire look ahead to March and the global impact of Basel III rules on the gold price in fortnightly Kinesis show <a href=\"https:\/\/www.youtube.com\/watch?v=k9HpPFQBqV4&amp;t=126s\" target=\"_blank\" rel=\"noopener noreferrer\">\u2018Live from the Vault\u2019<\/a>. <\/i><\/p>\n\n\n\n<h6 class=\"wp-block-heading\" id=\"h-official-interventions\">Official interventions<\/h6>\n\n\n\n<p>According to Andrew Maguire, the fall in the gold price was the result of the intervention driven by the Bank of International Settlements <strong>(BIS)<\/strong>. The BIS orchestrated two officially driven sell-offs geared around the obligatory US Federal Reserve events, as Andrew Maguire sees it.<\/p>\n\n\n\n<p>Andrew Maguire explains that the official interventions experienced last week were counterintuitive, considering the bullish crosses exhibited in the markets. As gold got within touching distance of $1950 per ounce, Andrew Maguire believes the BIS instigated a sell-off that drove prices back down to their mid-December comfort levels. The precious metals expert reports that the official objective was targeting a rapidly rising gold price, preventing physical support levels from being anchored above the $1950 level.<\/p>\n\n\n\n<p>In Andrew Maguire\u2019s view, without calculated intervention, fresh stairstep supports at $1950 would have exposed deeply underwater offside unallocated BIS bets. Price movement that would have exposed the bank to a rinse of large shortstops, as well as initiating fresh sideline buying coming in at the $2,000 per ounce mark.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\" id=\"h-what-s-next-for-gold\">What\u2019s next for gold?<\/h6>\n\n\n\n<p>The long-time wholesaler reveals that the bullish demand condition accelerated last Friday, referencing widespread reports of strong spot and physical gold buying. Andrew Maguire does not see the price being sustained below $1850.<\/p>\n\n\n\n<p>Andrew Maguire\u2019s parting thought:<\/p>\n\n\n\n<p><em>Very short term volatility aside both gold and silver are coiling for a strong rally.<\/em><\/p>\n\n\n\n<p><strong>Next Episode:<\/strong> On next week\u2019s Live from the Vault Andrew Maguire will give you an update on where the all-important wholesale market interest levels are aggregating.<\/p>\n\n\n\n<p class=\"has-link-color wp-elements-27b5577364e63a403be25982136e5d25\"><strong>Don\u2019t miss out:<\/strong> Subscribe to the <a href=\"https:\/\/www.youtube.com\/channel\/UCXJEH6DxUixkTYhH4XxI7kQ\">Kinesis YouTube channel<\/a><\/p>\n\n\n\n<p><i>The opinions expressed in this publication are those of Andrew Maguire and do not purport to reflect the official policy or position of Kinesis.<\/i><\/p>\n\n\n\n<p>This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Maguire reveals the official intervention behind the first week\u2019s action in the gold markets. &nbsp; Watch this week\u2019s Live from the Vault for: 2021 gold and silver price expectations. Important Q1 and Q2 stairsteps for gold and silver. Concerns around supposed bearish COT report addressed. Strong physical demand vs new US dollar strength. The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":8477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,152,213],"tags":[143],"class_list":["post-345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-gold","category-precious-metals","tag-lftv"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gold market update - Week 1 in focus - Andrew Maguire<\/title>\n<meta name=\"description\" content=\"Gold market update - Andrew Maguire reveals the official intervention behind the first week&#039;s trading - and explores what&#039;s next for gold?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold market update - Week 1 in focus\" \/>\n<meta property=\"og:description\" content=\"Gold market update - Andrew Maguire reveals the official intervention behind the first week&#039;s trading - and explores what&#039;s next for gold?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/blog\/gold-market-update-week-1-in-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-15T16:01:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-11T13:20:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2020\/04\/TalkingGold-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"436\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samuel P\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel P\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. tempo de leitura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/blog\\\/gold-market-update-week-1-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/blog\\\/gold-market-update-week-1-in-focus\\\/\"},\"author\":{\"name\":\"Samuel P\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/3f1727e4ffc5f6e32c6c1bf218c9d596\"},\"headline\":\"Gold market update &#8211; 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