Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of currency, while government regulators, corporations, and...
Gold Editorials & Commentary
February 19, 2019
On Friday, President Trump declared a national emergency to obtain funds for building a wall along the U.S.-Mexico border, which was his key promise during a campaign. According to the President’s proclamation :
February 18, 2019
The Federal Reserve is currently communicating to the markets that it will likely pivot, and pause two strategies. The first pivot is to stop increasing interest rates. The second pivot is to stop unwinding the Fed balance sheet.
Imagine you have an assignation in New York. You have not been told where you should meet the other person and she has not been told where to meet you. You have no understanding of where to find her or where she might usually be found. She is as ignorant of you.
Gold has been turned back so many times in recent years from the strong resistance approaching the $1400 level, that most investors have now been well trained, like Pavlov’s dog, to expect it like clockwork, and as we know, it is just when this mindset prevails that...
We have all heard it. Many times through history, the hubris of analysts, economists, and market participants has been on display when markets rally extremely strongly. In fact, such hubris often accompanies major market tops. And, history has taught us that most of...
February 17, 2019
Hope that trade negotiations with China will bring some tangible results have kept the SPX in an uptrend for the past few days, but the technical picture shows a market which is on its last leg. This is apparent with whatever methodology you are using.
Large precious metals speculators lowered their bullish net positions in the Gold futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
'Twas almost as if listening to oneself on the radio, 'cept that 'twasn't oneself. With that tease, let's first roll back to this bit we penned last autumn when writing from across the pond at our favourite beach-side bistro. You may recall the owner "...whom we've ...
The Dow Jones Index in its BEV chart below is charging up the hill with eyes fixed on making new all-time highs. In the past week it has advanced 2.9% BEV points, leaving only 3.52% BEV points to go before it once again makes stock market history. Another couple of...
February 16, 2019
In a recent speech, Federal Reserve chairman Jerome Powell told some real whoppers. We’ll address his misrepresentations head on, in just a bit.
Long-term – on major sell signal. Short-term – on buy signals. Gold sector cycle is up. Gold stocks continue to outperform gold which is supportive for overall higher prices.
February 15, 2019
The world’s two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are...
Have you even wanted to travel in time? You can, at least when reading about the gold market. Many analysts claim that this year is like 2016 for the gold market. We invite you to read our today’s article about the similarities and differences between the precious...
Invest in gold as a hedge, in pensions & as a store of value – Rogoff. – Investing in and owning gold as a hedge will become more important as it will have “enormous value” in a cashless society.
The retail sales report for December – delayed because of the Government shut-down – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly, sporting...
February 14, 2019
People who assumed the Fed, along with the rest of the government, would cave the minute the financial markets got a little choppy turned out to be right. A couple of bad months and the "normalization" of both interest rates and the Fed's balance sheet have stopped...
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, and there are the...
Question: Plunger you keep insisting that we are in a bear market. Really? The averages have done nothing but go straight up since December 24th. At this rate we will be at new highs within a month. I thought prices go down in a bear market! That’s not happening...
This Valentine’s Day might best be remembered for two things in particular writes Frank Holmes via Forbes. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet nothings...
February 13, 2019
In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along. Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when...
Yesterday, the USD Index moved substantially lower while precious metals barely yawned. Why is gold not rallying? What does the gold-USD link tell us now, in combination with latest developments throughout the PMs sector? Let’s examine these and many more clues...
This Valentine’s Day might best be remembered for two things in particular. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet nothings like “BE MINE” and “CRAZY 4 U.”...
Wall Street cheerleaders assure everyone stocks go up in the long term. Yes, they rise because the dollar is devalued every year, which they seldom discuss. Their cheerleaders avoid stating that corrections and crashes occur every five to ten years. Wall Street...
Gold prices broke over €1,160 (EUR) and £1,020 (GBP) per ounce mark yesterday following more poor economic data out of the EU and the UK. The British pound has again come under selling pressure due to Brexit uncertainty and the very poor UK economic data has made...
February 12, 2019
Gold stocks have to do more to confirm they are in a new bull market. Sure, they’ve surged above key moving average resistance and breadth has improved.
GoldCore has recently transported gold bullion coins and bars weighing nearly 2,000 troy ounces (over 60 kilos) and worth more than €2m into the country from the UK. This is believed to be the largest legitimate movement of gold bullion into Ireland in decades.
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right?
On January 28, 2019, our research team issued a research post indicating we believed that 45 Days Until A Multi-Year Breakout For Precious Metals in preparation for a momentum base/breakout that would initiate sometime near the end of April or early May.
This is the daily gold chart. The uptrend looks majestic, and especially so in the face of the dollar’s strength against the euro and the yen. Whether gold rallies from the current $1306 support zone or from $1280 is not important. What’s important is the overall...
