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Gold Editorials & Commentary

December 21, 2016

What eight years of economic stimulus could not do, Donald Trump’s election has generated the biggest stock market rally for any president since Ronald Reagan. Global financial markets continue to adjust betting that the election of Donald Trump and his promises of...

We continue to monitor the seventeen-year cycle in the US Dollar Index and its relationship with gold. Looking at gold since the Dollar bottomed in May, the patterns of 1999, 1982 and 1983-85 are a close match. The Fibonacci levels come into play in each instance....

When dealing with markets, one must avoid, as much as possible, emotional responses and simply focus on the facts before us. Last weekend, I presented my “factual” analysis of the market, and explained why I have retained a larger degree bullish perspective.

December 20, 2016

I was sitting in my rustic abode on the shores of lovely Lake Scugog last evening, a houseful of family all reveling beautifully as outside the wind howled and the snow whirled while neither man nor beast dared venture into the frigid abyss of a vintage Canadian pre...

In last weekend’s report, we covered how the Daily Cycle count was stretching too far, so marking a Nov 15th Daily Cycle Low (DCL) made sense. Doing so means that another DC began on Nov 16, and that puts today’s date in the normal timing band for a new DCL. So...

After reaching a high of 1144.10 in yesterday’s day session, gold has moved lower in the overnight session reaching 1131.10 at the time that this post was being written.

At this time last year, most gold investors and analysts were predicting lower prices for gold. Many of them were shorting it. The shorts were obliterated, because gold bottomed the day after the December 2015 FOMC meeting. It soared about $330 an ounce, from...

The best-performing precious metal this week was platinum, up 1.20 percent for the week after surging 3.48 percent on Friday when the December 16 issue of Science published research on a new fuel cell design using an atomically ordered platinum and lead core...

The world doesn’t realize it yet, but the implosion of the global markets has started and can’t be stopped. While the financial networks continue to focus on the rising U.S. stock market and Dollar, this represents a mindset that has totally gone insane.

December 19, 2016

Risk is one of my all-time favorite board games. It’s among the very few that’s equal parts strategy and luck, and the stakes can’t get much higher than total world domination. It wasn’t uncommon for games between my friends and me to last for hours, sometimes deep...

The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008. And thanks to the...

China’s economy and markets have been defying the laws of economics since 2009. Amid a worldwide financial crisis during that year, they managed to grow their economy by 8.7%. But that growth was fueled by a $586 billion dollar government stimulus package, which was...

Interest rates have bottomed and will rise substantially during the next decade. Or: Interest rates CAN’T rise because rising rates will crash governments, economies, derivatives, equity markets and more.

Buckle up and pour yourself your favorite beverage…and take some time. This Report will be an in depth Chartology analysis of the current situation in this ever interesting and often exasperating market we are participating in. Oh, and don’t forget to open your mind...

The price action was not what most of those in the gold community hoped for (or predicted). The price of gold dropped another $24 and that of silver nearly a whole dollar.

In my previous article on Gold-Eagle.com I argued that the gold’s bear market may still be in effect and how this idea could have helped us to set up our investing & trading plan. Since the Election Day, gold has come a long way in a short time and there are...

Gold and gold mining stocks were setting up for a rebound until the market suddenly priced in tighter policy from the Federal Reserve. Both nominal and real yields surged and that pushed an already oversold sector below key support.

December 18, 2016

Well, gold has almost reached my $1100 projected mark, so what’s next? Looking at my long-term point and figure (P&F) chart it looks like the $900 mark is next in line. At the Friday close gold futures were in a free fall, well not really free as someone is...

SPX is consolidating after reaching the lowest of the projections given in the previous letter. It is not clear if the index is already capable of extending its move beyond the 2270 resistance level. The hourly indicators appear ready to push higher, but the daily...

Can Western gold investing rely on China + India to put a floor under 2017 prices...? Gold Investing prices rise when Western money managers buy or bet it will rise. Asian households then buy all the gold they can get, most especially in China and India, when...

Since the November election, the stock market has become an amazing thing. How amazing? The election was twenty-six trading days ago. The Dow Jones Index closed at new all-time highs on sixteen of them…with the last on Tuesday of this week. The launching of the...

That over which we warranted concern some three missives ago is playing out for gold per this quote from our post-Thanksgiving piece: "...when gold's been sub-1199 during 2016, there's really not been any material [support] following January's price stallage in the...

Signs Of The Times: "U.S. home prices have climbed back above the record reached more than a decade ago." - Wall Street Journal, November 29.v"After a years-long boom in lending, signs of trouble are popping up in auto loans."

December 17, 2016

We finally got the rate increase this past week. Furthermore, the Federal Reserve says there are three more to come in 2017. That will only hold true if markets and stocks remain strong - and so far they are.

Contrary to expectations, ours and nearly everyone else’s who pay attention to the price of gold, the yellow metal has since election day, shed nearly 15 percent of its value in US dollars.

Gold sector is on a major buy signal and short-term is on sell signal. Cycle is down. Trend is down. Correction continues. Silver is on a long-term buy signal. Short-term is on sell signal. Correction continues. Silver is more volatile than gold, manage your risk....

December 16, 2016

Here are today's videos and charts

Gold was again blasted to new post-election lows this week, further trashing contrarian sentiment. The Fed proved more hawkish than expected in its rate-hike-trajectory forecast, unleashing heavy selling in gold futures. This catapulted gold bearishness back up to...

An 1105.80 downside target has obtained since November 18, when Feb Gold tripped a menacing sell signal just above 1200. On redrawing the chart, however, I find that the target should have been given as 1108.70 with 1086.60 as an alternative if Hidden Pivot support...

Trump’s economic agenda consists of foreign policy, fiscal policy and regulatory policy. We have already commented a bit about Trump’s imprint on geopolitics and uncertainty in the context of the gold market. Now, let’s focus on the domestic policies.

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