When two opponents are locked in a quite evenly balanced bitter and struggle, the balance tends to sway first one way and then the other as either side manages to find and exploit an opportunity until the other counters it then pulls out all stops to regain any lost...
Gold Editorials & Commentary
June 17, 2018
Be it from the Golden sun of the Côte d'Azur to now the southwest corner of the Golden State, all that glitters is everything -- except Gold. Fed-Speak and Tariff-Talk both served to give Gold a Fatal Friday Finale in finishing the week yesterday at 1282, price...
I thought I’d start out with the Dow Jones’ Bear’s Eye View (BEV) chart going back to 1885 showing every bear market decline of the past one hundred thirty-three years. This week ended with the Dow Jones 5.73% from its last all-time high of January 26th, which is...
Sifting through Twitter, I came across a curious assertion posited as a reply to a post on “unemployment” on Steph Pomboy’s twitter feed (@spomboy). The tweeter asked, “have you noticed that gold is being dumped?” But was gold “dumped?” Perhaps the tweeter should...
June 16, 2018
Gold is facing what is potentially its toughest test of the year right now. Its attempt at rallying despite a strengthening dollar will test not only the buying power of the gold bulls who believe the metal can rally despite the powerful headwind from gold’s...
Our proprietary cycle indicator is up. Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.
June 15, 2018
Gold weathered the Federal Reserve’s 7th rate hike of this cycle this week. Gold-futures speculators and to a lesser extent gold investors have long feared Fed rate hikes, selling ahead of them. Higher rates are viewed as the nemesis of zero-yielding gold. But...
Silver soared, while gold and mining stocks moved higher and reached new monthly highs. All that despite a move higher in the USD Index. It seems to be a clear bullish combination for the PMs. The moon appears to be at hand. Is it the last chance to jump into the...
Powell delivered and hiked again. Draghi halved the amount of purchased assets, but did not have the courage to end the quantitative easing program. Does the former have bigger cojones than the latter? And what does it mean for the gold market?
June 14, 2018
I am sure you remember the lead up to Q1 2016. The US economy and stock market were transitioning from a Goldilocks environment and narrowly avoiding a bear market while the rest of the world was still battling deflation. Precious metals and commodities were in the...
The recent growth acceleration in the EU could distract attention from problems of the common bloc. Fortunately, you can always count on Italy. Whenever you start thinking that only bright future is ahead of the union, the descendants of the proud Romans remind...
Why a seemingly run-of-the-mill announcement yesterday by Fed chairman Powell might signal a major turning point for the gold market. . . and perhaps ALL markets. At the end of Fed chairman Jerome Powell’s opening statement for his press conference yesterday he...
Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in an attempt to manage economic outcomes are the...
Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011. According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in May. That follows on...
According to the Gann astro/cycles and my wave counts, we are near another important top. Ideally, this top should occur on June 14/15. The next possible cycle low is due sometime between June 28/29 and July 3/5 depending on the count and final top. My preferred...
Is the cashless society upon us? Cashless society or ‘Lesscash’ society? Do you carry cash and how much? When might we see the world’s first completely cashless society? Who wins the payments battle – Apple, Google, WeChat, Alipay?
June 13, 2018
Based on the feedback I received over the weekend, I thought a quick follow-up would be in order on the topic of "deviant conundrum" because it was told to me by a wonderfully gifted retired English teacher that I was on the edges of plagiarizing my hero, Sir...
Monthly economic readings tend to be full of noise and are therefore unreliable. So it’s best to save the excited assertions for established trends. The US Consumer Price Index appears to have reached that point:
Back in April, we first reported upon the surge in the use of "Exchanges For Physical" on the COMEX. We thought we should provide an update today. As a refresher, here's a link to the first report from eight weeks ago:
June 12, 2018
Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth’s crust. But how much gold is the world digging up each year and what countries produce the most?
A negative divergence between gold and silver prices occurred in May 2011. Now, the opposite situation is in play; a positive divergence is occurring.
Over the weekend, the Swiss voters rejected the campaign to radically alter banking system, while President Trump withdrew his support for the joint statement of G7 and arrived in Singapore for a historic summit with North Korean leader Kim Jong Un. The Fed and the...
The first week of June was fairly easy to navigate and trade as the bullish pattern took a couple extra weeks of high level consolidation to finally complete its course. It really started with the breakout on Monday June 4 above the key 2742 level to confirm that...
Harry Dent has been making the rounds suggesting that for gold to get back to its pre-bubble price, it would need to fall to $400 or $450. If we were to believe Mr. Dent, then it would be bad news for gold investors. However, Harry Dent’s gold price forecast is...
This has been a uniquely boring stretch for gold and silver – especially given all the things going on in the world that ought to light a fire under precious metals. In just the past few weeks, the US started a global trade war, Italy elected a populist government, ...
June 11, 2018
The market sentiment toward the precious metals is quite negative. Additionally, gold and silver are fighting both the ongoing official price-management, which seems to have intensified over the last 12 months, and the rising dollar.
If you live in Texas and have any extra gold bars, coins and/or jewelry lying around that need safekeeping, you’re in luck. The Texas Bullion Depository, the first of its kind in the U.S., officially opened to the public in Austin last week, putting a cap on three...
Support you’re driving a car, and you turn the steering wheel left. You will feel the door and pillar of the car push your left shoulder (in a left-drive car). This is an observed fact.
Mike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known money manager...
After last week’s closing bell for stocks and the early signs of the Capital Market Shift which we mentioned previously was taking place are now clearly evident. We wanted to alert all of our followers that this week could be very dramatic with a number of key...
