The latest Commitment of Traders (NYSE:COT) report showed another positive week for gold as the net long position increased for the second straight week. We saw an increase in both long and short positions as speculators remained uncertain regarding gold direction...
Gold Editorials & Commentary
January 22, 2017
From the final week of 2016 through the first three of 2017, gold has strung together four consecutive winning weeks, the three for this year as charted in the above newly attached panel to the Gold Scoreboard. Therein, we can instantly see gold is better positioned...
It’s been a month (December 20th) since the Dow Jones Index last closed at an all-time high. And since January 6th, the Dow Jones is finding breaking above its 20K line a hard nut to crack. That’s not to say the Dow Jones won’t see a 20,000 closing price. But the...
January 21, 2017
When the SPX breaks out above its current resistance level, it will be the next leg up in this bull market. We are currently in a consolidation period. The SPX seems to be resting for now! The "Bollinger Bands Squeeze" is now taking hold and will result in a...
There is only one asset class on the horizon for most investors. Whether it is the professional or private investor, when they consider investing, stocks will always be first on their list. And if we exclude all debt instruments, the stock market is by far the...
Gold sector is on a major buy signal and short-term is on buy signal. Cycle is up. Waiting for trendline support and set ups. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.
January 20, 2017
The performance of gold in 2017 depends largely on whether the Trump’s presidency will lead to lasting shift in the markets. What changes do we mean? Some analysts mention the reflation, others point out the ‘risk on’ sentiment and the ‘great rotation’ out of bonds...
Gold has rebounded sharply higher in the past month, taking the early lead as 2017’s best-performing asset class. Normally such a big gold surge would require heavy gold-futures buying by speculators. But they’ve been missing in action, barely moving any capital...
Here are today's videos and charts
The economic elite exemplified by the Davos participants have done much to undermine their credibility, suffering from the backlash for cheerleading the governments’ experimental monetary programmes of quantitative easing, to negative interest rates and of course ...
Gold performs well in inauguration years (see table) and has seen average gains of 15% in inaugural years since the 1970s. Given the degree of uncertainty, divisiveness and conflict that Trump’s election has already created – both in America and internationally, it...
An often cited negative about gold is the inability for investors to value it, unlike traditional investments such as stocks and bonds. A company’s revenues and earnings can be forecast to arrive at a valuation multiple. A bond’s cash flows can be discounted to come...
January 19, 2017
Herein are the effects of Donald Trump's comments on the US dollar and trade with Canada on precious metal prices. As I muse delightfully this afternoon over my quote terminal, I am enthralled to take note of silver's uncanny ability on Tuesday to actually listen to...
You know when to buy gold: it’s when nearly every trader and commentator tells you that gold is going lower and you should sell it. This is Harry Dent on 10th January: “I still see gold landing somewhere between $650 and $750 in the next year or so”.
“Douglas Borthwick, managing director of Chapdelaine Foreign Exchange, argued in a note earlier this month that an incoming Trump administration, by throwing out the strong dollar policy, could use the currency as a linchpin in implementing its economic agenda: ‘...
Bonds have risen in a 35 year bull market. That bull market looks tired and probably peaked in July of 2016. The U.S. Dollar Index recently hit 14 year highs. Has the dollar finally peaked? Has it turned downward since January 3, 2017? Stocks have been rising since...
After touching the benchmark 20,000 level last month, the Dow Jones Industrial Average has spent the last five weeks in a tight, narrow trading range just under this level. Famed trader Jesse Livermore theorized in his pseudonymous book, Reminiscences of a Stock...
Before starting this article, I want to stress the following: I HATE politics. However, in todays’ highly politicized world, you cannot ignore some moves. On that note, on Tuesday night, President-Elect Donald Trump stated in an interview with the WSJ that the “USD...
In yesterday’s alert, we wrote that the decline in the USD Index was likely a temporary phenomenon based on the investor’s needless overreaction – the USD reversed and more than erased this week’s decline. The metals’ reaction was also in tune with our expectations...
With a ‘Hard Brexit’ looking more likely and Trump’s inauguration this week, 2017 is well and truly under way. What we expect the year to hold is probably not even half of what it really will. But from what we know, the upcoming French and German elections,...
Tens of millions of Americans and their employers pour money into pension plans each month, counting those funds to grow and to be there when needed at retirement. But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are...
I would like to update you on the US dollar as it plays such an important role in so many different markets. Getting the big trend right on the US dollar can help you see what areas are affected by the dollar to invest in. There are a lot of areas that have an...
January 18, 2017
There is much we don't know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a...
Within the next day or two we should have more evidence to tell us whether the rally begun in late December is the real deal. If bulls have any moxie, they’ll push this vehicle above the 1223.50 peak (see inset) without much ado. Still better would be an un-paused...
France reported last week that its summer hosting of Euro 2016, Europe’s soccer championships, added $1.26 billion to its economy. This is good news, for sure, and worth celebrating.
Gold prices extended their run of gains to a seventh session and added another $12 to $1,215 an ounce yesterday. Gold prices have consolidated on those gains today and are now up 5.5% in dollar and sterling terms and 5% in euro terms year to date.
It really is amazing how much difference a few weeks can have on perspectives in the market. Back in mid-December, many were writing me off for looking up in the market, as I stood quite lonely amongst the bearish masses while maintaining one of the very few...
January 17, 2017
Gold price was sharply higher in the overnight session, reaching a high of 1218.80 at the time that this Post was being written!
Money velocity has been going down steadily for almost 20 years. After the great recession, it has dropped to a historically low level.
Rate hikes tend to be good for gold, and even better for gold stocks. On that note, this is the hourly bars gold chart.
