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Gold Editorials & Commentary

July 30, 2016

Everything is now aligned for the final upward impulse to complete Phase I of the great bull market in the PM stocks. All the technical work is now done. The backing and filling complete. The final fuel stop taken to fill up on short sellers, who will provide the...

Stocks and metals continue to shine. I can’t stress enough how great it is to finally have stocks acting strongly and predictably, which is the mark of a strong bull market. There really isn’t much else to say.

Gold sector is on a new major buy signal. Cycle is now down. Investors can cost average in at the next cycle bottom. Silver is on a long-term buy signal. Short-term is on buy signal. However, silver is vulnerable to a multi week correction which is long overdue.

July 29, 2016

In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust. A negative reaction to the Federal Reserve statement could have caused lower prices but instead Gold and...

Technical Analysis of The Markets Via Videos.

Once upon a time, the concept of “helicopter money” was something of a joke. It was part of a parable written by Milton Friedman to make a point about how a community would react to a sudden, one-off increase in the money supply. Now, however, “helicopter money” has...

The gold-mining stocks have enjoyed enormous gains in their young bull market this year, trouncing all other sectors. Naturally this radical outperformance has led to surging popular interest in this usually-obscure contrarian sector. New investors are wondering...

A year ago almost to the day we began tracking a ‘Macrocosmic’ theme that would eventually see gold bottom and rise vs. stocks and bonds in 2016, joining its bullish status vs. commodities, which had been in place since 2014.

I’m going to show you how to trade against the crowd using the most recent 18 months of daily charts of $HUI (Gold Miners), $SPX (S&P500), $WTIC (Crude Oil), XLE (Energy) and $USD (US Dollar).

July 28, 2016

In the old-school lexicon of Wall Street, the term “painting the tape” referred to the large scale purchase of market-moving stocks by insiders for the purpose of giving the market an appearance of strength. Painting the tape was practiced by “pools” and large...

It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing triumvirate, Mark Carney, is still in office...

Theodore Roosevelt's famous mantra "speak softly and carry a big stick" suggested that the United States should seek to avoid creating controversies and expectations through loose or rash pronouncements, but be prepared to act decisively with the most powerful...

We’ve all encountered them, the intelligent, charming and persuasive gentlemen who are deeply interested in our welfare and want to let us in on a plan they have to become wealthy. One of the most skillful cons in history actually took place in the early 1820’s at...

Gold bullion was up 1.6% and silver surged 3.7% yesterday, their second consecutive day of gains, after U.S. durable-goods orders dropped sharply, adding to speculation that Federal Reserve policy makers will maintain ultra-loose monetary policies. Gold and silver...

The markets have a way to push you just beyond your limits to get you to do the wrong thing at the wrong time…and then reverse on a dime. The bearish sentiment from just a casual observation over the last few weeks has felt like there was no way the bulls could...

July 27, 2016

In 1974 the American economist Arthur Laffer, then a professor at the University of Chicago, was having dinner with his friend Jude Wanniski, an associate editor of the Wall Street Journal. They were joined by Donald Rumsfeld and Dick Cheney, both of whom worked at...

Marc Faber has told advisers to invest 25% of investment portfolios in gold bullion. The author of the Gloom, Boom & Doom Report, urged investment professionals at the CFA Institute Conference in Chicago that 25 percent of a portfolio should be allocated to gold...

All bubbles burst; the question is when? Quantitate Easing (QE) is much like an addiction. One needs more and more to get the initial effect. However, this becomes an "asymptotic" result…whereas eventually one needs an infinite amount that will no longer give a...

The insidious nature of credit expansion under the implicit guise of forced legal tender has worked its way (essentially) undiagnosed through many generations. Viruses work from the inside out. They take over the control center of a cell. They use the existing...

It is not often that I make explicit statements of what markets will do over the near to even medium-term. My work tend to be based on patterns that span long-term history and the forecast tends to cover a quite a long time span. Quite rarely, an analysis gets done...

July 26, 2016

Many investors and their financial advisors consider gold to be a commodity, which makes gold no different than copper, timber, pork bellies or orange juice. They do not understand, or simply are unaware, that gold has been successfully used as money for over 3,000...

Much has been written over the last several months about the metals market. In fact, I have seen an explosion in the number of people who are providing their “opinion” about this market, most of whom I have never heard from in the prior four years. But, you know...

There was a huge trend change in US gold investment in May. Something quite extraordinary took place, which hasn’t happened for several decades. While Switzerland has been a major source of US gold exports for many years, the tables turned in May as the Swiss...

According to international pundit Kim Iskyan, “Gold is falling because of the Fed — but not for the reason you think.” Ms Iskyan goes on to clarify: “Gold investors can stop worrying. Despite recent chatter, interest rate tinkering at the Federal Reserve is not...

The gold market is quiet…displaying seasonal softness. However, that may be about to change as both the US and Japanese central banks are having policy meetings this week. The Fed meets on Wednesday, followed by the BOJ on Thursday. There is also some confusion in...

July 25, 2016

It’s Monday morning, and the Yen/dollar exchange rate is unchanged from Friday’s close. Thus, gold and silver should be unchanged, too – right? Which I say facetiously, as the premise I wrote about Thursday, based on 15 years of tick-for-tick Precious Metal...

Technical analyst Jack Chan charts a breakout of the US dollar and comments on its implications for gold and silver.

Looking more Las Vegas casino than Oval Office, the stage Donald Trump delivered his nomination acceptance speech from last Thursday was all gold, from the stairs to the podium, completely befitting of his showman-like style. Whether you support or oppose Trump, it’...

One in six investors chose gold as the best place to park money they wouldn't need for more than ten years – the same number that chose stocks, according to a recent Bankrate survey. Another 6% chose bonds, while 25% chose real estate, and 23% said they would simply...

The financial world is buzzing about former Fed chairman Ben Bernanke’s recent trip to Japan, where he advised Japan’s central bank chief Haruhiko Kuroda on how to manage his nation out of multi-decades of stagnant growth. Channeling economist Milton Friedman,...

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