Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the...
Gold Editorials & Commentary
January 26, 2016
The odds that the gold price has bottomed have increased significantly over the past month. When gold first dropped below key technical support at the 2015 low of $1,072 in late November, I initially turned bearish. After all, this breach of support brought gold to...
The US dollar has appreciated more than 1.7 percent against the euro this year so far. Despite this appreciation, the London P.M. spot price of the shiny metal has risen 3.4 percent in January so far. It means that other factors have to explain the rebound in gold...
Hugo Salinas Price, Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, writes today that gold will soon return to its traditional role in the international monetary system.
January 25, 2016
The best performing precious metal for the week was spot gold, up 0.84 percent. Gold held its ground, despite a second half of the week surge in the broader equity markets. Gold climbed higher as the week progressed on the back of global market turmoil spurring...
The world has yet to fully digest what is currently happening in Japan. Japan is the global leader for Keynesian Central Banking insanity. The ECB and US Federal Reserve began implementing ZIRP and QE after 2008. The Bank of Japan has been employing both ZIRP and QE...
Plunging oil prices, rising market volatility, surging global debt—it’s all beginning to remind some investors of 2008. Earlier this month, billionaire former hedge fund manager George Soros warned of an impending financial crisis similar to the last major one,...
These days, it feels that most of the Central Banks are working for the benefit of the stock markets rather than the economy and its citizens. They are held hostage by a few large financial institutions. Even the recent bounce in the stock markets, was brought about...
January 20th may have been an important intermediate bottom in the stock market, but the bear market is still growling. January 20th was exactly 100 trading days from the August 24th low. The 100 trading low has a variance of +/- 15%. Oddly, the 16 TD low, which...
Intermediate-term rallies in the gold-mining sector can happen during general equity bull markets and general equity bear markets, but on a long-term basis the gold-mining sector trends in the opposite direction to the broad stock market. An implication is that to...
It’s time to check on how the venerable gold-silver ratio is doing since we last spoke on it. A look at the monthly OHLC price over the last twenty years is shown below with its 20 month moving average as well as the line chart of silver.
Markets do not expect any big moves by the Fed. The odds for an interest rate hike in January are only 11.9 percent. Therefore, the U.S. central bankers are widely expected to leave the federal funds rate unchanged at 0.25-0.50 percent.
January 24, 2016
Just over midway through the first month of 2016 and – as reported last week – the trends are still mixed; but a different mix. The precious metals had started the year so bullish, have gone stagnant. Gold is stuck around the psychological $1100 level and silver...
We’re finally seeing the bounce in markets take place. Moreover, we’ve got a good mix of leading stocks which are moving well -- and tend to give the best bang for the buck in these sharp moves in our portfolio now.
After an extended period of weakness during which it exceeded its August low, SPX finally found a temporary bottom and, after a climactic finish, started a counter-trend rally which looks just about complete. It’s now a question or whether this is all we get before...
We start with this from the "Honesty is the Best Policy Dept.", for whilst markets all 'round are lurching about, does Gold not seem a bit docile throughout? Pro-Gold as we are, 'tis dutiful for us to point out that price -- as regularly regressed to the changes of...
The purpose of this update is to define exactly where we are on the market clock, because if we know where we are, broadly speaking we will know where we are going.
The Dow Jones Index managed to eke out an advance last week, but only by 105 points from the previous Friday’s close. The Dow Jones has been under tremendous selling pressure these past three weeks; the first three weeks of 2016. If the current decline is merely a...
January 23, 2016
Critics of today's fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast...
We keep reiterating that one need not be expert, nor even conversant, in reading a chart to be able to understand and appreciate how charts “talk” and reveal very clear information. Opinions are of no consequence, regardless of how strong or otherwise “informed” one...
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long term sell signal and investors should be in cash or short. Short term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
From 1950-1990 Japanese investors were ever shouting banzai…Banzai…BANZAI. The term “BANZAI” is deeply rooted in the proud Nippon culture and remarkable history for countless generations. It has several related meanings, depending on the context in which used. In...
January 22, 2016
Gold and Silver have held up well during the recent selloff in equities. From December 28 through Wednesday the broad NYSE lost 10.4% while the S&P500 lost 9.6%. Precious Metals gained strength during that period. Gold advanced 3.0% while Silver gained 1.7%....
This article assumes one is trading the up and down swings in the stock market. Swing traders are just one segment of a market population that includes those sitting in cash (and/or risk ‘off’ vehicles like Treasury Bonds), maintaining longer-term short positions,...
It’s been crazy so long it feels like normal…Several $ Trillion in global debt “pays” negative interest. Loan your capital to an essentially bankrupt government and lose a portion of that capital every year! Strange and crazy!
Technical Analysis of The Market Via Videos.
Gold stocks remain the pariah of the investment world. Despite gold’s strong early-year gains, the stocks of its miners have slumped to new secular lows. This whole forsaken sector continues to languish at fundamentally-absurd price levels, an extreme anomaly that...
The year 2015 was remarkable. For the first time, a year with the ending in five number did not accomplish a gain. On the nearer-term, the Turn of the Year trade was the weakest in decades. It's been widely reported that many hedge-fund strategies were not...
The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars...
Have we reached peak precious metals? Many analysts think so. Just to be clear, however, the idea of peak gold and peak silver doesn’t refer to a peak prices. The precious metals put in a cyclical price high in 2011. But annual mining production levels may have...
