We previously wrote about the situation being similar to 2012 with regard to overall price movement in gold and in particular with regard to the 61.8% Fibonacci retracement that has been just reached. The yellow metal declined by a few dollars yesterday, just like...
Gold Editorials & Commentary
March 27, 2019
In our view, the gold story is getting much simpler and much more urgent. Here is how we see it. The Fed cannot exit QE. QE is a failed policy. More QE is coming. Buy gold to preserve capital.
A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing Gold from the corrupt clutches of the Anglo-American banker organization.
April Gold’s tortuous slog toward an ‘easy’ rally target at 1332.00 warrants a closer look at the bearish case. For if the futures were to fall just $9 to the green line shown in the chart (click on inset), that would trip a theoretical sell signal to as low as 1255...
Maybe you have some gold (and silver) but not enough. Maybe you haven't added to your stash for quite a while, and you kinda' forgot why you bought it in the first place. Or perhaps you don't own any precious metals at all!
March 26, 2019
This is the long-term gold chart. Fundamental and technical analysis are both strongly supporting gold’s rally towards the key $1400 area. Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.
The yield curve followed suit of the Fed and also inverted. Inverted yield curve is a sign of an incoming recession, they say. However, what is the background of this yield inversion and how will gold react to its emerging story?
Back in the 1940’s, Ralph Nelson Elliott once noted: At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.
With so much news hitting the wires regarding the Treasury Inversion level and the “potential pending recession”, we wanted to shed a little insight into this phenomenon and what we believe the most likely outcome to be going forward. Our researchers believe the...
Since last spring we’ve written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks. The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.
Here is what I wrote at 7:00 a.m. Friday morning with the S&P futures called down 10 points: "There are certain times in one's trading career when despite all of the planets appearing to be aligned in one's favor, a large asteroid comes along and spoils the...
Boeing and the Federal Aviation Administration worked closely together to hustle a new passenger jet through the safety certification process. The combined efforts to save time and cost, coupled with little sense of accountability, resulted in a tragic safety flaw...
March 25, 2019
Last week, I ranted about the problem with our monetary system and trajectory: falling interest rates is Keynes’ evil genius plan to destroy civilization. This week, I continue the theme—if in a more measured tone—addressing the ideas predominant among the groups...
While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment...
Some things change, and some things don’t. On the precious metals market and the related ones, we currently have both. There are trends that were unaffected by last week’s developments, but there are certain markets that made powerful moves and flashed important...
According to the Congressional Budget Office, the deficit this year will be $900 billion, more than 4% of gross domestic product. It will surpass $1 trillion in 2022.
Our researchers have been glued to Gold, Silver and the Precious Metals sector for many months. We believe the current setup in Gold is a once-in-a-lifetime opportunity for skilled traders to stake positions below $1300 before a potentially incredible upside price...
There is a ratio chart, $Gold:$XAU, we haven’t looked at in quite a while that has helped us in the past to locate some important turning points for the PM stocks. I’m not going to get into all the details tonight but this ratio chart shows you just how undervalued...
Last week I pointed to the relative weakness which had developed between SPX and some leading indexes such as IWM and XBD, all of which have a good track record at calling market tops. For a few days, I thought that the market was going to prove me wrong -- but not...
March 24, 2019
The Dow Jones saw some selling pressure this past week, closing down 4.94% from its last all-time high of October 3rd of last year. Time to press the panic button? Not as far as I’m concerned, but then I also have no exposure to the broad stock market. But...
A foundational phrase throughout these many years of penning The Gold Update is "Being Short Gold is a bad idea." 'Cept that since 06 September 2011 when the price of Gold peaked at 1923, Short has materially been the side to court, or as the French would say "la...
March 23, 2019
Gold stocks continue to outperform gold, and have been since the up cycle which began in Sep 2018. Long-term – on major sell signal. Short-term – on buy signals. Gold sector cycle is up, and the recent pullback has found support at the 50/200ema. Maintain positions...
March 22, 2019
It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, it's been too long. How are you my friend?
After the Fed’s surprise move, the dust is getting settled. We are seeing serious reprising across many currency pairs. Sharp movements practically anywhere you look today. Where to start? With the euro, the yen or the Canadian dollar? It’s hard to choose the winner...
Here are today's videos and charts.
The mid-tier gold miners’ stocks have been rallying on balance in recent months, carving a solid young upleg. They’ve mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial...
The sun will rise. Destruction is not inevitable. Self-destructive behaviors affect individuals, cities and nations. They include opioid addictions, alcohol abuse, excessive debt, corruption, negative interest rates, chemically poisoned food, wealth taxes, insolvent...
Russia continues to add to its gold reserves and added another 1,000,000 ounces in February or 31.1 metric tonnes. Most analysts believe this buying will continue and may intensify in the coming months. Since 2007, we have clearly said that this would happen as...
With everyone talking about recession, investors desperately need some clues to assess the state of the economy. This is what our today’s article provide you with. We invite you to read it and find out what are the two most important recession indicators – and what...
The Fed’s abrupt policy reversal says it all. No more rate hikes (yes, one is “scheduled” for 2020 but that’s fake news) and the balance sheet run-off is being “tapered” but will stop in September. Do not be surprised if it ends sooner. Listening to Powell explain...
