AXL Capital Media

Following the model developed by the AXL Capital Management team, this report provides the projected levels of gold prices for August 2020. For August, the model indicates an upper limit of 2,077 US$/Oz and a lower limit of 1,898 US$/Oz. On average, the model shows 1,987 US$/Oz. The economic reactivation plan in July exceeded analysts' expectations adding 1.8 MM Vs. 1.6 MM expected, and unemployment claims decrease week by week (1.31 MM). US COVID-19 infections reached 3.8 MM versus the previous month's report, which indicated 3.1 MM and 160,737 Vs. 133,420 previously reported deaths. At AXL Capital, we believe that the uncertainty in the coming months will be the presidential elections in the USA, which would favor gold prices in the short term. In the medium term, the money injected by the Federal Reserve (more than 2.8 trillion US$) could generate inflation. For which reason, Gold will continue to be appreciated and valued as the preferred refuge asset.

At AXL Capital, we believe that gold will NOT steadily decline until the COVID-19 vaccine passes Phase 3 and is approving by the FDA, then, the aftermath of the pandemic will continue, and companies-and countries-will face the big issue of their high debts. In the words of investment guru Ray Dalio, the big challenge is to achieve beautiful deleveraging. According to the data published today 08/30, the US economy accumulated to the second quarter a setback -32.9% due to the effects of the closing of businesses, lower speed of money, therefore, lower consumption per capita due to the Coronavirus pandemic. For that reason, Wall Street is declining, with the Dow Jones index at -1.24%; Also, due to a request to postpone the US presidential elections beyond November 2020. On the other hand, golds join the general decline and fall from its historical maximum yesterday, 29/07, to 1,980 US$/oz (after more than ten consecutive days of rising), currently standing at 1,947 US$/

Following the model developed by the AXL Capital Management team, this report provides the projected levels of gold prices for July 2020. For July 2020 the model indicates an upper limit of 1,877 US$/0z and a lower limit of 1,710 US$/Oz. On average the model indicates 1,788 US$. The US economy and its reactivation plan were threatening by an increase in the number of people infected by COVID-19 to 3.1 million (the previous month's report indicated 2 million) and 133,420 deaths. Unemployment claims continue to decrease week by week (1.31 MM vs. 1.41 MM). At AXL Capital, we currently see as the only threat to the continuity of the plan to reopen the US economy, a resurgence of the Coronavirus, and the potential quarantine at home with the main factor for the decline of the stock market and a new rally of Gold prices.  Gold prices in the first week of July surpassed 1,800 US$/oz, a resurgence of the Coronavirus would increase the levels of uncertainty and would put

Following the model developed by the AXL Capital Management team, this report provides the projected levels of gold prices for June 2020. For June 2020, the model indicates a lower limit of 1,640US$/0z and an upper limit of 1,812 US$/Oz. This upper limit continues to increase will see if, in the coming months, it can indicate a trend. The U.S. economy is following its recovery plan, and New York - the state with the highest number of COVID-19 infections - has also entered its first phase of economic recovery. With the U.S. employment data and the growing number of people infected -and dying- by COVID19, we will see in the coming weeks if Gold can reach the upper limit of the AXL Capital model: 1,812 US$/Oz or on the contrary, it is close to the lower limit; 1,640 US$/Oz. The economic reopening and a resurgence of the virus crown correlate, in the short term, indirectly and directly, respectively, with the prices of Gold. Likewise, in the last two weeks, there has b

The first week of June starts with all the SPX, Nasdaq, and Dow Jones indices (14:30 hours), rising an average of 0.44%. Citigroup, one of the largest banks in the world (current market capitalization of US$ 98.5 trillion), says that the rise in the stock market does not reflect reality, and there will be collateral damage. The price of gold rises by 0.4% to $1,739/Oz at that time. At AXL Capital, we see that this reflects a high level of competition between those who are betting on the market's recovery in line with the rampant economic reopening in the US and the global injection of dollars underway, versus large investors who in April and May were able to reap the benefits of years and raise their cash levels as Warren Buffet - one of the largest investors of all time - did, pointing to a new, healthy and significant market downturn reflected in a worldwide Recession, technically for the second quarter of the year due to the effects of the COVID-19 according to the

According to the model developed by the AXL Capital Management team, this report issues the projected levels of Gold prices for May 2020. For May 2020, the model indicates a lower limit of US $ 1,619 / 0z, and an upper limit of US $ 1,787 / Oz, the latter represents the maximum value since November 2012. When analyzing those results with technical price indicators, the conclusion made that if the upper lateral channel of US $ 1,742 / Oz breaks, the next level projected by the model is feasible to reach: US $ 1,787 / Oz. Chart # 1: The daily chart of the price of Gold shows a side-channel whose upper level is US $1,742 / Oz, and the lower level is US $1,671 / Oz. The US economy is reopening in many states, a slow recovery of jobs expected, which at the date of this report reaches a record historical figure of 33, 483,000 jobs lost from 03/21 to 05/02 (Data, Federal Reserve Bank of St Louis). That figure represents almost the entire Peruvian population.