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.
At the height of the stock panic in late November, the flagship S&P 500 stock index had plunged 49% year-to-date. Fully 2/3rds of this decline happened in the 9 weeks leading into the panic lows!
There is no doubt that the equity markets have been rising in recent weeks. It would be foolish to argue with that fact.
Global statistics were recently released by the “precious metals research and consultancy” firm GFMS Limited, based in London.
The rising long-term USTreasury Bond yield has captured attention. The breakout chart for the 10-year Treasury was pointed out here when it rose over 3.1%, hardly a high level.
The precious metals are on fire literally and the green in our portfolios is a sight to behold and enjoy.
TRANSPARENCY: The headline read "Bank Stress Test Lifts Clouds of Uncertainty." Did it really? Did they explain the assumptions that they used? Was it mark to market, mark to model or what?
Major dislocations are coming. Tremendous disruptions are coming. Price discontinuities are coming. Price chart patterns might be rendered useless soon.
After a 10-week rally traders and investors are starting to think twice about dumping money into stocks.
Fundamentally the rally in the broad stockmarket from early in March is viewed as being the result of a combination of media hype, wishful thinking and short covering, but there may be more to it than that -
The Dow was basically unchanged on the week gaining 0.1%. Same with the S&P which rose 0.47% and the Nasdaq was lifted 0.71%.
On any day that commodities prices move materially, the financial media is quick to ascribe their action to the US dollar. And this oft-discussed causal relationship is certainly logical.
The broad market has been moving higher with great force the past 2 months. I have been expecting a top for the past 2-3 weeks. It looks like the market is starting to come in (sell off).
Numerous events have taken place of global importance. Alone, each story seems of some significance. Together, they paint a mosaic of extreme change in a very dangerous sequence of events that fit together.
Last week GFMS and the Silver Institute released their annual press release which sums up the basic supply demand equation.
In summary, it looks like the current upward technical reaction in the Primary Bear Market can be expected to suck more investors into the markets for another couple of months.
From August 2007 when the world passed the tipping point it has been in the grip of massive deflationary forces that have already ravaged portfolios and pension plans and resulted in millions losing their jo
I am repeatedly asked how I can reconcile my belief that we have begun a deflationary depression with my belief that Gold is still in a bull market.
This has been a volatile week for the market. Equities sold off Wednesday pulling precious metals stocks with it. Crude oil had a small pullback but energy stocks took a beating.
The Enemies of Capitalism are not the Socialists, Marxists or Communists because everyone knows who they are and what they stand for.
The so-called 'Green Shoots' have been trampled by people walking to their Unemployment Insurance Offices to collect jobless claims in order to pay their bills.
Gold, Silver and Oil breaks out to new multi week highs and shows signs of more strength to come.
Another week, another move higher. I am nearly convinced that the storm has passed now and that sunny days are ahead for a long time. That is what I will say in 2012.
We are going to start this article with a premise, which is that the bond market and the dollar are much more important to the powers that be in the US than the stockmarket.