Two weeks ago Gold ~finally~ surpassed the long-sought level of Base Camp 1377: check off that milestone box! Then during this past week, Gold met (per the above opening Scoreboard) our "conservative" forecast high for this year of 1434: check off ~that~ milestone...
Gold Editorials & Commentary
June 30, 2019
June 29, 2019
It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout –...
Here are today's videos and charts.
Our proprietary cycle indicator is up. Gold sector is on major buy signal. GLD is on short term-buy signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.
A major breakdown is in progress for the USDollar index. It has broken its intermediate uptrend which began in April 2018. Eighteen months of official rate hikes and tremendous hidden activity with derivative bond purchases, which obscure the absent USTreasury Bond...
June 28, 2019
Once upon a time there was a Goldilocks (economy)…Would you like to know the end of this story? So let’s read today’s article – and find out whether it will have a happy end for gold!
The gold miners’ stocks just blasted higher to a major decisive breakout this week! Driven by gold’s own huge bull-market breakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a game changer, starting...
You may know me as the……guy. The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary to call a real bull phase or even bull market. By managing a strict set of macro and...
This article was first published on Sat Jun 22 for members of ElliottWaveTrader.net: With the break out we experienced this past week in GDX and GLD, it has certainly placed a bullish spin on the complex. And, while it was a very difficult 3-year wait, which has...
Gold prices are marginally higher today and look set to have their best monthly gain since June 2016. Spot gold was up 0.2% at $1,413.60 per ounce in late morning trading in Europe. Gold has risen over 8% this month so far. A monthly close above $1,400/oz will be...
June 27, 2019
What a week! On Tuesday, gold prices hit a six-year peak of almost $1,440. But they declined since then to almost $1,400. What is happening? We got the Fed speaking… Let’s dive in to the implications of what has been said.
-The Global Monetary RESET will see the “Third World” dollar sharply devalued and paper wealth and assets including stocks and bonds lose significant value
June 26, 2019
I am so confused tonight that I had to crowbar the booze cabinet in order to calm my scrambled soul and ease the pain in my pseudo-analytical chest. That's right. "PSEUDO" as opposed to "QUASI" and as opposed to "FAUX."
Quite a few journalists wrote about gold’s breakout in the previous days even though gold made an attempt to break above the key resistance – the mid-2013 high – only today (and it failed). At the same time, when the gold to silver ratio was breaking out in a clear...
Every 30 – 40 years the world goes crazy, takes a deep dive into a shallow pond, dances with the devil, and resets gold internationally.
Short of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn’t encounter much price resistance until above $1,500/oz. – Adam Taggart, Peak Prosperity...
Gold prices look set for their first decline in seven trading days today. Gold fell over 1.1 per cent during Asian trading hours and has remained weak in European trading.
June 25, 2019
Last week was definitely hot. Both major central banks adopted a more dovish stance. Gold reacted positively, jumping above $1,400. What has changed, and what has not? How close are we to an actual rate cut, not only to the speculation of getting one for sure on the...
This is the most important chart in the history of markets. Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that targets the $3000 price area.
The War on Cash isn’t a conspiracy theory. It’s an open agenda. It’s being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy.
While it may seem repetitive to do so, it's time to remind you again of where we are and where we're headed. For your part, you can either continue to whine and complain about the central bank delusions of 2013-2018 or you can climb aboard and have some fun...
Gold surged over $1,436/oz this morning, it’s highest level in almost six years as an escalation of US sanctions on Iran added to heightened geopolitical uncertainty and uncertainty in global markets.
June 24, 2019
Gold broke above the $1,400 level last week and the volume that corresponded the move was exceptional. The story doesn’t end there. The volume for silver was big and the volume for silver stocks was truly epic. Something very, very, very important is happening right...
Ladies and gentlemen, we have liftoff! After breaking out of a five-year trading range, the price of gold surged above $1,400 an ounce last week for the first time since 2013 on expectations of a U.S. rate cut. The 10-year Treasury yield fell to around 2 percent,...
Let’s start with Frederic Bastiat’s 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass...
The third week of June went according to the game plan as the market’s price action just followed the white line projections as we demonstrated in real-time.
What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching...
Back on May 24, I authored my first article on gold in quite some time. As I noted in that article, there was not much for me to say until that time, as gold was clearly within the consolidation/pullback phase I had expected months before that.
“If it does move higher from here, there has been enough congestion created over the past few days for it reach between 2930 and 2950 while, during that time, remaining below the two resistance lines.”
June 23, 2019
Welcome to The Gold Update No. 501 ... and one we've been anticipating given what Gold has just done.
