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Gold Editorials & Commentary

April 11, 2019

Life in the world of gold bullion is full of mysteries. Each mystery is like a straw in the wind, which individually means little, but tempting us to speculate there’s a greater meaning behind it all. Yes, there is a far greater game in play, taking Kipling’s...

Super Wednesday is behind us! The masters of monetary policy have revealed their cards. The Fed released the fresh minutes, the ECB held its monetary policy meeting, while the Brexit was postponed again. How will all these play out in the gold market?

Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don’t...

Stocks retraced some of their Tuesday’s decline yesterday, as they continued to fluctuate following the recent rally. The S&P 500 index traded slightly below the 2,900 mark. Will the uptrend continue despite some technical overbought conditions?

April 10, 2019

Gold Is Often Criticized By Wall Street As Being Kind Of A Useless Investment. Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it...

There are more than a handful of things I can cite as leading indicators for the Gold price. Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading...

One of the reasons given for allocating a portion of one’s investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various...

As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn’t hurt that in the eyes of the Democrats and America’s...

Fundamentals are the supply and demand characteristics of a market that can drive prices higher or lower. I tend to base decisions on the medium to long-term path of least resistance for prices from a raw material’s fundamentals.

After a wild and volatile final quarter in 2018 volatility instruments across the board have seen their levels continue to decline into the end of the first quarter in 2019.

April 9, 2019

During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the...

Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. I’m invested in China through ETFs, bank stocks, and… gold! With the possible exception of HSBC, most analysts in the West appear to be...

Gold held steady this week, down just 0.02 percent, as investors await the outcome of the latest round of trade talks between the U.S. and China and as negative economic data was released. The World Trade Organization cut its global trade growth projection for 2019...

US labor market strengthened again and the yield curve inversion looks to be over. Has the sky cleared? Hold on, Brexit is just around the corner. Given the circumstances, are gold prices more likely to rise or fall?

In part two of the Quarterly Report I’m going to update some long term charts for some of the world stock markets. As you will see many have formed massive ten plus year consolidation patterns similar of what we observed in the first installment of the Quarterly...

(Bloomberg) — Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet.

Few people know the risks in today’s economy and marketplace as much as David Rosenberg, chief economist and strategist at Canadian wealth management firm Gluskin Sheff & Associates. For years he’s educated investors with his popular “Breakfast with Dave”...

April 8, 2019

The gaggle of socialist candidates vying to win the Democratic nomination for president all agree on one thing. They believe government should be doing a lot more. Just how to pay for all of those dreams is the question. Modern Monetary Theory (MMT), we are told by...

A reminder that we are not using the standard gold bug method of evaluating the USD (perma “death to the dollar!!”). We are using fundamentals in evaluating its potential to correct (and launch a global macro trade). The blue shaded boxes on this weekly chart tell...

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27,...

One may say that not much has happened last week in case of gold and silver, but it’s impossible to describe the action in mining stocks in the same way. Miners started the previous week with a slide only to come back with vengeance before the week was over,...

We have written much about the notion of inflation. We don’t want to rehash our many previous points, but to look at the idea of purchasing power from a new angle. Purchasing power is assumed to be intrinsic to the currency. We have said that the problem with the...

Last week we had strong numbers out of China and our research continues to suggest the Chinese stock market could be poised for an upside price rally of at least 15% over the next 30+ days before possibly reaching a peak in June or July 2019.  Our Fibonacci...

April 7, 2019

A week ago Friday, SPX completed a short-term base, and last Monday the uptrend from 2346 resumed with a 35-point bang! For the rest of the week, prices continued to move higher, but more tentatively until Friday when, assisted by a favorable jobs report, the index...

The triangle chart formation has been known to technical analysts for a very, very long time. Together with the other narrowing formations – the wedge and pennant – the triangle typically develops to a standard pattern. When pattern boundaries can be accurately...

I was in receipt of the following erudite communication about Commercial gold short positions yesterday from a friend in Toronto…

The Dow Jones Index continues advancing towards new all-time highs.  At the close of the week it found itself only 1.5% away from last October’s BEV Zero at 26,838.39; that’s only 413.4 points from making market history.  Then in the Bear’s Eye View chart below, we...

'Tis a no-brainer that "trend" is based on the past whilst "price" is based on the now. Hence the title of this week's missive. Or for you frenzied StateSide sports fanatics out there given all the collegiate basketball hoopla coming to its climax, we could run as...

April 6, 2019

Six Other States Now Weighing Their Own Bills to End Taxes on Gold And Silver. Before the ink could even dry on West Virginia Governor Jim Justice’s signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in...

The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans...

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The California Gold Rush began on January 24, 1848 when gold was found by James W. Marshall at Sutter's Mill in Coloma.

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