Whereas a few years ago countries repatriating their gold seemed to be ‘the hype of the month’, once the dust started to settle, we didn’t hear much about gold repatriations anymore.
Gold Editorials & Commentary
February 19, 2017
Last week speculative gold longs and shorts both cut positions. Despite that gold remained steady for the week around $1230 per ounce. In Asia physical gold demand remains subdued with Indian premiums flipping to a discount for the week.
Having a week ago penned "Gold Reaches Resistance - Now What?", 'tis apt we now pen "Gold Getting Repelled by Resistance - That's What!" for 'twas the case over these past five trading days. Price made both a lower weekly high and a lower weekly low vis-à-vis those...
Since November 10th the stock market has become an amazing machine relentlessly advancing ever upward. In the past sixty eight NYSE trading sessions the Dow Jones has closed at a new all-time high in twenty six of them. That’s 38% of the trading days of the past...
February 18, 2017
The Congressional Budget Office (CBO) keeps two sets of books. There is the official book which is presented to the public and the other book, the one on debt which is never released. Included in the debt book, are Social Security, Medicare and Medicaid. Washington...
Short-term it’s looking like a top. The start of a decelerating FAN pattern suggests a deceasing strength in the latest action. My short-term momentum indicator is also suggesting a decreasing momentum in the price movement. Stay with the trend…but it’s getting...
It is my great privilege to be joined now 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...
We have recently had some significant news about the sovereign gold market that makes the lack of clarity even more unclear. Central banks and the BIS in Basel go to great length to tell the world absolutely nothing about their gold dealings.
Another great week for stocks. It’s long weekend time with markets closed Monday and the trend higher nicely intact. The metals are looking better and better and moving higher very well.
Gold sector is on a major buy signal and short term is on buy signal. Cycle is up. Silver is on a long term buy signal. Short term is on buy signal. Silver is more volatile than gold, manage your risk.
February 17, 2017
Reflation is coming. We argue that the recent comeback of inflation is negative for the gold market. Why should that be so? Should not inflation support gold, which is considered the inflation hedge? It is true that gold may shine during inflationary times, but a...
One has to be amazed at the strength of the US stock markets as they climb relentlessly to new highs on a wave of easy money, stock buy backs and short covering and all despite a lack of major retail participation. The market continues to ignore growing danger signs...
Here are today's videos and charts.
The gold miners’ stocks have blasted higher in this young new year, far outpacing the broader markets. But surprisingly gold stocks’ trading volume has diverged from their powerful rally. Volume has actually been waning on balance since gold stocks’ newest upleg ...
Unless you visit the Notes From the Rabbit Hole website regularly, you might think the title of this article implies it is written by a market analyst pretending to know what will happen; like a top in the stock market or a resumed bull cycle in gold. You might...
World Gold Council data released earlier this month reveal a paradox. Demand hit 4,389 tons during 2016, but mines produced only 3,236 tons. Yet despite differing supply demand fundamentals, gold prices rose by only 9%. A supply squeeze that size, should have...
The Governor of the Central bank of Kyrgyzstan has told Bloomberg News in an interview that it is his “dream” for every citizen in his country to own at least 100 grams (3.5 ounces) of gold as a way to protect their savings.
February 16, 2017
Inflation is coming. In fact, inflation rose at the fastest pace in four years during January. Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. This marks the sharpest monthly increase since February 2013, according...
Too much has been written what Mr. Trump can or can't do. In his first days in office he ambitiously reshaped trade, healthcare, immigration and American law. Dodd Frank is next to be scrapped. And in disturbing everyone, the only certainty is uncertainty.
It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets. He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then...
On Monday I had the opportunity to attend a conference at Goldman Sachs’ Dallas office. Among the dozens of money managers and investors who attended, a combined $1 trillion in assets was represented. The speakers were numerous, from famed economist Jan Hatzius,...
The Gold Trade Note is gradually coming into view, its form within structured contracts is taking shape as components. the Petro-Dollar has almost completely vanished. The Petro-Yuan is essentially here in its infancy, in rudimentary form. the leap to the Gold Trade...
For the third time in a decade fund managers surveyed by Bank of America Merrill Lynch (BAML) believe that gold is undervalued. After the last two occasions the price of gold shot up.
February 15, 2017
The United States Treasury Department has supported a strong dollar policy since its inception in 1789. Period. There were no qualifications or equivocations with that stance, especially since the ascendance of the dollar as the world's reserve currency. That's why...
Buyers exceeded my 2333.75 minimum upside objective by a decisive four points on Tuesday, meaning it’s time to raise our sights. We need only slide down to a new point ‘A’ — in this case, a 2177.00 low recorded on December 5 (see inset) — to produce a fresh target...
The chart displayed near the end of this discussion is effectively a pictorial representation of what Keynesian economists call a paradox* (“Gibson’s Paradox”) and Austrian economists call a natural and perfectly understandable relationship.
NOTHING is certain or guaranteed in Markets….ever. Anyone who tells you otherwise is a charlatan. That said, within Bressert’s Cycle framework the norm is that a new Intermediate Cycle in any asset should test or breach the Intermediate Cycle downtrend before...
The consensus view in the precious metals sector is that we have embarked on the next great bull market in gold and silver. The story is gold and the entire mining sector bottomed in early 2016 and launched into its first leg up into early August. The sector then...
February 14, 2017
But in 1890 Mary Elizabeth Lease wrote, “Wall Street Owns the Country.” "This is a nation of inconsistencies. The Puritans fleeing from oppression became oppressors. We fought England for our liberty and put chains on four million of blacks. We wiped out slavery and...
The world’s ultimate asset, gold bullion, continues to act superbly. That’s because fundamental, cyclical, and technical price drivers are very positive and are in play at the same time.
