Tonight I want to take an in depth look at the US dollar as it is so important to the overall big picture regarding the deflationary outlook that appears to be headed our way.
Gold Market Analysis
Technical analysis to forecast future price trends of gold and other precious metals, as well as the US Dollar and the Euro.
In our last editorial we presented bullet-proof evidence (http://www.gold-eagle.com/article/chart-signaled-bottom ) that the gold stocks had put in a major bottom.
Given gold's retreat during 2013, it would seem the Midas Metal's best days are behind it, at least for a while.
As a life-long Contrarian; these days I spend the vast majority of my reading/research time studying the bearish drivel on precious metals which emanates (in greater quantities than ever) from the Corporate Media.
When we take into account last week’s events, it seems that the yellow metal is more sensitive to signs of tapering than any other asset.
We have used the ‘continuum’ (monthly chart of the 30 year yield) for years now to define tops in inflation expectations (red arrows at or around the EMA 100) and tops in deflationary fears (green arrows).
We had another good week of basing action in the indexes until Thursday when we finally saw the S&P500 break out of its range higher.
For all of the disdain directed toward the paper futures markets in gold and silver from the Precious Metals, [PM], community, those markets continue to set the tone for pricing. Why is that?
Wednesday’s trading session featured a 32 point zig zag affair intraday that resulted in almost no change vs. Tuesday’s session when the final 4 p.m. whistle sounded.
The U.S. dollar is now setting up what one could view as a very low risk potential long trade.
If you want to be an effective and profitable investor you should look at the situation from different perspectives and make sure that the actions that you are about to take is really justified.
Summary: Gold appears to have wakened from what has been a very challenging 10 month decline. Ever since its failed attempt to test the all-time highs last September, it has literally been straight downhill for gold.
One of the many tenets on Wall Street is that debt investors are often a step or two ahead of stock investors when it comes to identifying slowing economic growth. From a common sense perspective, it makes some sense.
It’s been a couple on months since my last missive. I’ve been waiting for some propitious moment where I can jump up and down and proclaim “the moment has come, the time is ripe, we’re on our way towards $2400” but that was not to be...
Gold has made some good progress in the last three weeks, and not surprisingly, so has the Gold & Silver Mining Index (XAU). When we looked at the chart recently, we saw a number of features worth talking about.
This past week have witnessed buy signals in gold and precious metal equities – as all are on buy signals.
“There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life Is bound in shallows and in miseries.
Some readers may be sick of seeing this chart but I believe there is no more important chart when assessing or describing the current market (in gold stocks).
After tapering comments spooked the markets in May, Ben Bernanke spent weeks trying to jawbone the markets back into a calmer state. He was successful for the most part with the S&P 500 gaining 132 points off the June low.
What do tulips, Pet Rocks, Beanie Babies, Barbie Dolls, real estate, stock markets, and gold, have in common?
Gold stocks are actually enjoying a great month, a stark contrast to this year’s brutal death spiral lower. But after catapulting up by more than a quarter in less than a month, investors are wondering what to do next. Is it time to c...
It seems to be human nature to hear what one wants to hear and most advisors, so-called “analysts”, newsletter writers and commentators seem to feed people the popular line. Why?
Yesterday, gold climbed up to over $1,347 per ounce after the U.S. dollar slipped against other currencies.