Takashi Kabumi? (鏑木 高明) "Weekly金相場展望" (Weekly Gold Market Outlook) May 12, 2025 issue
Takashi Kabutoki, the president and representative director of Investment Daily News Company, a master of cycle analysis, writes weekly forecasts on the gold market.
This is the Gold Market Outlook report.
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NY gold market near term (near contract) on the 7th reached a high of 3,448.2 dollars, approaching the record high of 3,509 on April 22, but could not break it and reversed. It remains reasonable to view this as a period of adjustment.
In a comment from the week before last, it was said, “It broke through 3,500 dollars and hit 3,509.9 dollars on April 22 to set a new record. The spot market also reached a new high, but failed to reach the 3,500-dollar range. The next day, both markets fell more than 230 dollars from the highs to lows, recording a historic drop. Near-term futures fell to 3,270.8 dollars, and the spot market to 3,260.20 dollars. The decline was 7.1%, but a 230-dollar drop is more than 10% from the $2,000 level when the sharp rise began in February last year. This suggests that a top is near.”
At that time, the commentary was somewhat bearish, but the NY gold market rebounded toward a second peak, and domestic gold gained on a weaker yen, pushing the high on May 8 to 15,843 yen, a new record. As the base NY gold market rebounded,
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【Takaki Kabutoki – Profile】
Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, he partnered with the world-renowned U.S. market analyst, Raymond Meriman, and issued Japan’s first market cycle and astrology reports. He is known for his analyses using cycles and astrology. Representative Director of Investment Daily News Company, President of Investment Daily Publishing Ltd., member of the Japan Technical Analysts Association, and Editor-in-Chief of ‘Investment Daily α’.
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