Patterns and wave mappings are warning that a major stock market top is approaching. First, let’s examine a fascinating price pattern Analog between 2007 and here in 2017. There is a striking similarity between the stock rise to a Bull market top from August 2007...
Gold Editorials & Commentary
October 15, 2017
Tonight I would like to update you on some of the longer term gold charts we’ve been following which are still hanging in there from the bullish perspective. Keep in mind these are long term charts so changes come slowly.
As the culturally chaotic -- albeit not (yet?) financially frantic -- year races past, 41 trading weeks now complete, gold just recorded its seventh best, rising 2.1% (27 points) in settling yesterday (Friday) at 1306.
This week the Dow Jones made two new all-time highs, the 64th and 65th of the past year. And as we’ve come to expect in the current advance, there’s no indication of a market correction, however tiny that may be, to be seen on the horizon in the Dow Jones’ BEV chart...
October 14, 2017
In the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator...
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in...
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.
October 13, 2017
Gold appears to have formed a solid base since bottoming at year-end 2015 at $1060.00/oz. Through 9/29/17, the metal’s price increased 11.10%, even after a sharp pullback from its early September 2017 high of $1355. As of September 30, 2017, the price stood at $1280...
Here are today's videos and charts.
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure...
US Mint coin sales fell to a decade low last month. This follows poor sales since the beginning of 2017. In the third quarter sales reached nearly 3.7 million ounces. September gold coin sales were down a whopping 88% compared to the same period last year.
October 12, 2017
The Fed is baffled as to why inflation remains so low. It’s a clever move, given that the reason inflation is believed to be “low” is because the Fed has been purposefully understating inflation for years.
The Dow Jones Industrial Average continued to move higher, having only one red close since the low that was struck on September 26th. Furthermore, the Dow has now broken through a key longer-term Fibonacci resistance level that we had been watching for quite some...
Alarm bells are ringing for economic fundamentalists such as Fathom Consulting. Asset prices look increasingly out of step with fundamentals, and in some cases they look downright bubbly. And other geopolitical developments are similarly alarming. One might even...
When I talk about Indians’ well-known affinity for gold, I tend to focus on Diwali and the wedding season late in the year. Giving gifts of beautiful gold jewelry during these festivals is considered auspicious in India, and historically we’ve been able to count on...
Are we overdue for the “Big One”? It seems everyone is buying stocks again. And no one is interested in precious metals. Mike Maloney believes we may have reached capitulation. Mike explains in this short video two indicators that point to a near capitulation of...
Recently, the western banking cartel media has been out in full force to mislead everyone regarding a narrative of falling and “soft” demand for physical gold and physical silver, as they typically frame the market in the US as representative of the global market...
October 11, 2017
The Fed is dramatically understating real inflation. As you know, I’ve been very critical of the Fed’s inflation measures for years. The official inflation measure (Consumer Price Index or CPI) does a horrible job of measuring the actual cost of living for Americans...
Indicators point to inflation, a recession is on the horizon and the ‘Everything Bubble’ is the great threat to financial stability – these are the conclusions of the Young Guns of Gold who hosted a Precious Metal Roundtable, this week.
I am tracking a single-contact position with a cost basis that has been reduced by profit-taking to 1204.80. At a current price of 1293.10, that would imply a theoretical gain so far of nearly $9000. As is my custom, I track positions only when subscribers have...
October 10, 2017
Many are the turning points with individual nations, once firmly in the Western alliance camp, but no longer. They are flipping eastward or in the case of China cutting the major cords. The Shanghai developments are by far the most important in the financial setting...
The Gold Direction Indicator has just turned positive again, at 71%. Featured is the daily gold chart. Price found support on Friday and produced an upside reversal. Then on Monday gold began to break out at the downtrendline. A close above the blue arrow will...
October 9, 2017
What a week it was. First and foremost, I’d like to acknowledge the horrific mass shooting that occurred in Las Vegas, the deadliest in modern American history. On behalf of everyone at U.S. Global Investors, I extend my sincerest and most heartfelt condolences to...
It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager for 2016 by the Mining Journal. He is also the co-...
Many gold bugs make an implicit assumption. Gold is good, therefore it will go up. This is tempting but wrong (ignoring that gold does not go anywhere, it’s the dollar that goes down). One error is in thinking that now you have discovered a truth, everyone else will...
The last Gold Market update almost a month ago called the intermediate top within a day, as you may recall, and the subsequent Gold and US Dollar Interim update called the rally in the dollar the day before it started. Having seen a significant reaction back by gold...
The Perth Mint’s sales of gold products doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday. Sales of gold coins and minted bars jumped to 46,415 ounces in September from 23,130...
SPX failed to take a breather at the 2530-40 phase count derived from the re-accumulation pattern created at the 2500 level. Instead, unusually strong upside momentum which drove the fear and greed index to new, super greed highs marched on to the next count of 2550...
October 8, 2017
Once again, I turn over in my mind the Chinese plan regarding their imported oil, which consists in convincing their oil suppliers to accept yuan in payment (and thus re-directing their sales outside the orbit of the US dollar) with an additional sweetener in case...
