Gold sector is on a new major buy signal. 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.
Gold Editorials & Commentary
July 2, 2016
Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive...
In the run up to the referendum, much was said about the absolute horrors that would descend on the world should the Brits be so callous as to depart from their association with their European friends and erstwhile enemies…and consequently leave them to stew in an...
In the World Gold Council's Gold Investor magazine, Jiao Jinpu, Chairman of the Shanghai Gold Exchange, reports that "In its first month, the Shanghai Gold Benchmark Price’s trading volume was 105.91 metric tons of gold kilo bars, corresponding to a turnover of [...
July 1, 2016
Just behind the podium of precious metals (occupied by gold, silver and platinum) is palladium - an important, but often overlooked investment commodity. Like in case of silver and platinum, the gold-to-palladium ratio indicates the current state of the precious...
To truly appreciate market crashes, you must have an ample serving of grey hair. Over the weekend, I must have received three dozen "Emergency Email Alert" notifications by newsletter services and financial intermediaries that got absolutely obliterated Friday...
Global Financial Assets are more inflated and propped up than ever. According to the most recent figures published by The City UK Fund Report, total Global Conventional Assets under management topped $105 trillion in 2014. That’s one hell of a lot of future PAPER...
When David Cameron decided to let the British people vote on Brexit, he did not realise that he would open a real can of worms. Before the referendum I declared that Brexit would not be the reason for a collapse of the world economy but that it could be the catalyst...
One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals. Gold stocks’...
Gold is currently trading in excess of $1300 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence (...
In an interview with CNBC on June 28, Marc Faber cited as evidence the strong performance of Treasury bonds, saying "over the last 12 months US long-term Treasuries are up 20%; and they are up 15% year to date."
We have reached a point where these Central Bankers can move markets at will, merely by uttering the magic words. ” PRESTO – CHANGO; ABRACADABRA! The Central Banks have plenty of tools at their disposal to combat those things which might hamper growth prospects or...
June 30, 2016
Several noted economists and distinguished investors are warning of a stock market crash. Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, “The public is walking into a trap again as they did in 2007.” And the...
In my view, this new bout of turmoil in financial markets is the prelude to the final demise of government currency. If I’m right, a long expected collapse in the purchasing-power, and of the very concept of fiat currency, will evolve from current events. The...
Yes, it’s another inflation post going up even as inflation expectations are in the dumper and casino patrons just cannot get enough of Treasury and Government bonds yielding 0%, near 0% and below 0%.
In recent past, I have cited the CFTC COT (Commitment of Traders) report’s record open interest by large specs and record short open interest by commercials as a possible negative for Gold prices. Never one to trust myself, I decided to dig deeper to find out if my...
With the victory of the "Leave" camp in the June 23rd referendum in the United Kingdom, the world finds itself on the edge of a financial precipice. Crucially - we are not over the edge, not yet. But it is right in front of us.
Tonight I would like to update some of the precious metals stock indexes as they have been basically consolidating for the last couple of months. This has been healthy for this sector which has been on fire since the middle of January of this year.
At one time, the term "cross currents" referred to the tidal transition from an expansion to a contraction. It was unsettling to the establishment. In economic jargon of the day, policymakers were "not rocking the boat" in attempting "to keep the recovery going"....
In 2008 we projected that the crash in the market was in fact a mini-crash and that the day would come that a more major crash would occur - one that reflected the level of debt. In recent months, this prognostication has been gaining traction – that a second, more...
June 29, 2016
Brexit has dominated world headlines for the last couple of weeks, and with good reason: The U.K.’s historic referendum has already roiled markets around the globe; raised serious questions about immigration, trade and diplomacy; cast a harsh spotlight on the EU’s...
The collapse of the US economic and financial system accelerated this year, thus pushing the country closer to a third-world status. Most Americans are unaware of the dire consequences facing the nation, so they continue to believe business as usual will continue...
I am starting this week’s update with a mini-rant directed towards the manipulation theorists. For years, they have complained that one of the facts supporting their market manipulation theories is the “overnight” drops we have seen in the market, so I would like...
June 28, 2016
A week post-Brexit and many will wonder what changed – if anything. In fact (and you’ll have to take our word for it) we started this column on the night of the vote; before the results were known publicly.
In a boxing ring, size must be respected. In the same ring, a heavyweight champion fighter tends to absolutely destroy a flyweight fighter. In the gold market, size must also be respected.
Gold was lower in the overnight session reaching 1308.00, at the time that this Post was being written, as the Brexit panic is starting to subside. Now comes the complicated part of… implementation. We view the drop from the 1362.50 high to the current low of 1308....
It has been reported that about $10 Trillion of sovereign debt “yields” negative interest. Assume total global sovereign debt is about $60 Trillion. Therefore, about one-sixth of all sovereign debt has negative interest rates. This brings to mind a few questions.
I'm sure you are well aware of the big stock market drop that hit the US stock market on Friday as the DOW fell over 600 points following the UK BREXIT vote. Almost every sector of the stock market fell except for gold and Treasury bonds. I believe that what we...
The selloff since Friday may seem momentous to trade-desk denizens, but so far it has barely caused a blip on the Dow’s weekly chart (see inset). Would another thousand-point selloff seem scary? As you can see for yourself, even that would not exceed any important...
This could be the year that the mainstream investor finally pushes the gold market over the edge. While a fraction of investors continue to acquire a lot of physical gold, the mainstream investor is the key to driving the gold market and price going forward.
