We have written numerous articles about capital consumption. Our monetary system has a falling interest rate, which causes both capital churn and conversion of one party’s wealth into another’s income. It also has too-low interest, which encourages borrowing to...
Gold Editorials & Commentary
March 4, 2019
If you’re puzzled by the magnitude of the stock market correction since late December, you can thank the central banks for the rally. Yes, that’s correct… after the Dow Jones suffered the worst Christmas Eve trading day ever, the massive central bank monetary...
March 3, 2019
The world used gold coins as money up until the first years of 1900. Since that time, the world's use of gold as money has ceased, and as of today, gold's only function is as a means of saving wealth for future use.
Optimism re-surfaced on Thursday with authoritative opinions being expressed that the US-China trade talks have a good chance “for a win/win outcome”. This was undoubtedly responsible for picking up a flagging SPX and causing it to close with a new daily and weekly...
Cue Willie Nelson from back in '67 as we open straightaway with "Turn out the lights the party's over. They say that all good things must end..."Which is what Gold's 24-week parabolic Long trend just did, the nearly six-month ascent ranking third by duration since...
The Dow Jones Index was down six points this week, effectively unchanged from last week’s close. Below is the Dow Jones in daily bars. I circled this week’s data, and what little market action we saw this week. Be ye a bull or a bear; don’t get discouraged as...
March 2, 2019
Gold sector is on a major sell signal. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal.
The number in the title is in honor of the boldest forecast burped up by the gold community in February as the metal (and the miners) jerked upward and jerked the holdout would-be enthusiasts into the market. It was included in the anonymous (but real) quotes from a...
March 1, 2019
Here are today's videos and charts.
It's hard to believe, but the year 2019 is already about 15% in the books. So, with two months behind us, perhaps it's a good time to check in, assess what we've accomplished thus far in COMEX gold and silver, and then look ahead to what's coming as the year...
When the financial markets got, um, choppy towards the end of 2018, the Fed caved almost instantly. But only rhetorically.
The gold miners’ stocks have been climbing higher on balance, enjoying a solid upleg that is gathering steam. That’s fueling improving sentiment, driving more interest in this small contrarian sector. This gold-stock upleg is likely to grow in coming months,...
The fiat money quantity is comprised of fiat money both in circulation and available for circulation, being parked at the central bank in the form of the reserves of depository institutions. The expansion of US$ FMQ since 1960 is shown in the chart below.
Gold prices have pulled back from a 10-month high in recent sessions, leaving investors wondering why the many geopolitical and economic issues plaguing the market haven’t been able to fully support the metal’s haven appeal.
February 28, 2019
Stocks were mixed again on Wednesday, as investors hesitated following the recent advances. The S&P 500 index continues to trade at the 2,800 resistance level. So is this a topping pattern or just a pause before another leg up?
Many important things happened yesterday. Cohen testified before the Congress, the US-North Korea Summit took place, while tensions between India and Pakistan escalated. Will these developments boost gold?
This is probably one of the biggest conundrums investors face in financial markets today. A major report may come out with a very positive bias, yet the market will move in the opposite direction. How many times have you seen this happen?
If there is a new recession in the next few years, then it is highly likely that the Federal Reserve will take extreme measures in response, with the primary response being to swiftly knock short term interest rates back down to zero percent.
In Business and Finance, Ireland’s leading business magazine, latest CEO Q+A, speak to Stephen Flood, CEO of GoldCore, about the global economy, debt levels, and making the most of your personal strengths.
February 27, 2019
Where Are We Going? There have been many times in the past when people would question the numbers coming out of China in regards to their growth rates, economic reports and statistics. In the past, I have seen many look at other metrics like energy usage, etc. to...
Just like it was the case on Monday, gold and silver haven’t done much yesterday either, but we saw some interesting action in the miners – they formed a bullish reversal after testing the rising support line. The performance of the USD Index provides us with clues...
I was poring over the Federal Reserve minutes from Feb. 21, and as I was rolling my eyes and looking around my den for something to throw, I was reminded of the comments from then-Fed chairman Ben Bernanke years ago when he was asked if the Fed was "monetizing debt...
Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.
Albert Einstein once said: “Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions."
More than a decade after the 2008 financial crisis, U.S. monetary policy continues to operate in crisis management mode. Despite a long, drawn out rate-hiking campaign – now paused – the Federal Reserve has yet to bring its benchmark interest rate up to normal...
February 26, 2019
The biggest driver of major markets right now is the possibility of a US-China trade deal. The US government’s wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other...
In my last article, “The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions,” I laid out my first prediction for 2019 — a recession by summer. I don’t want the following revelations and facts that I have since come across to get lost in comments...
I don’t know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/tech bubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a...
For those of you that do not know me, my name is Avi Gilburt, and my job on our new market analysis site called FATrader.com is to make you think independently about the financial markets, with intellectual honesty being your guide.
Barrick wants to buy Newmont. Trump wants a deal with China. Palladium wants to fly into space. And what does gold want?
