The best performing metal this week was platinum, up 1.92 percent as traders boosted their net long position. Gold traders remain bullish on the yellow metal for a second week as gold reached the highest since September on Monday, reports Bloomberg. The U.S. dollar...
Gold Editorials & Commentary
January 23, 2018
Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar hit its recent high exactly when gold reached its low and the two...
Global Warming – Climate Change – Global Cooling
January 22, 2018
The gold market has been mired in a four-and-a-half year basing pattern. The rally that began late last year has taken prices up toward a major resistance zone. It’s make or break time!
History has a funny way of sneaking up on you and biting you in the behind. The philosopher, George Santayana said, “those who cannot remember the past are condemned to repeat it.” There are many paraphrases of the same statement.
The looming pension crisis has been signalled in the collapse of Carillion. The deficit of latest private sector dead-on-arrival Carillion is officially £580 million. However, private reports suggest it could be as high as £2.6 BILLION.
We have been discussing the consumption of capital. We again must say: “We see people eating more of the seed corn.” Right now as we write this on Saturday afternoon, the US government has “shut down”, due to a political impasse on the legislation to fund its...
SPX entered its projection zone at the beginning of last week, and has begun to show signs of a profit-taking/distribution phase which should eventually lead to the formation of a fairly important top and the deepest correction since late 2016. However, within the...
January 21, 2018
Last week, we wrote that concerns emerged that China could stop or slow buying the US Treasuries. The US bond yields reacted strongly. We noted that in theory it should sink gold, but the usual “correlation between bullion and Treasury yields broke down thanks to...
The next person that says "The Dow [aka that Index at which our parents look] went up 1000 points in seven days!" is going to get (to quote Catherine Deneuve from "The April Fools", 1969) "a sock in the eye!"
Cast your bread upon the waters, the Bible says somewhere, and pray that something comes back besides overweight seagulls. GATA does a lot of casting, usually without result, but you never know when and where someone will pick up on it, and this week a teacher and...
As far as the market trends I usually follow went this week, nothing new in the broad stock or precious metals markets, more of the same old stuff. The Dow Jones made another new all-time high on Wednesday, the 95th since the November 2016 election. But besides that...
January 20, 2018
The most important piece of evidence that the next great bull market in gold has begun is the technical behavior of the prior bear market itself.
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve’s flattening...
Gold sector is on major buy signal since early 2016. Speculation is in bull market values. The current pullback is in the process of an inverted head & shoulder bottom.
January 19, 2018
Gold is climbing as bond yields rise and the dollar falls, over speculation that China is pulling back on buying US Treasuries and Japan signals it is winding down its quantitative easing program. Meanwhile, US debt continues to grow after the Republicans under...
It is my great privilege now to be joined by James Rickards. Mr. Rickards is Editor of Strategic Intelligence, a monthly newsletter and Director of the James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He's also the...
Here are today's videos and charts.
The world’s leading gold-stock ETF is nearing a major upside breakout from key technical levels. GDX is getting closer to challenging and powering above $25. That would accelerate the sentiment shift in this deeply-undervalued sector back to bullish, enticing...
Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run. Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its 6 percent gain over the past month.
In this space two years ago, I penned an essay discussing how Americans - and other countries that are "dollarized" - where the local currency is either the USD or pegged to it - had a significant advantage when it came to getting the most for their money when...
January 18, 2018
Within this current fractional reserve and derivative pricing system, it’s sometimes easy to anticipate price rallies and slams by observing The Bullion Banks and their practice of increasing and decreasing the total open interest of contracts on the COMEX.
It’s no secret that Central Banks have been funneling liquidity both directly and indirectly into stocks. However, what most investors don’t realize is that this liquidity pump is about to end. Why?
America itself has become the largest bubble in economic history. The progression of bubbles from equities, to corporate credit, classic cars, Da Vincis to bitcoin, have expanded in scope and risk becoming an insidious process. Today, almost every asset class is up...
The bull market’s blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday’s 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot resistance is worth shorting...
30% to 50% price drops in a matter of days and the loss of $300 billion in value is quite a knock for a market that was not meant to be in a speculative bubble. In just 36 hours the cryptocurrency market has managed to make a fair few people feel very nervous as...
January 17, 2018
At the beginning of every year, we update what’s typically one of our most popular pages, the Periodic Table of Commodity Returns. I encourage you to explore 10 years’ worth of data on basic materials such as aluminum, zinc and everything in between. A word of...
Here’s What Arizona, Texas, North Carolina, Virginia, Idaho, Etc. Are Doing... In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well. 36 states have...
You undoubtedly know that 2017 was a record-setting year for the broad stock markets. And while gold was up last year despite numerous headwinds, most mainstream investors aren’t paying much attention to gold since they keep seeing so much green in their stock...
My past two weekend reports have armed the investor with ideas for the coming year 2018. This week’s report summarizes those ideas, updates the current PM rally and adds more ideas to the list. It is important to understand the driving force which will fuel the...
