In yesterday’s intraday Alert, we explained why the short-term outlook for the precious metals changed from bearish to neutral and we took profits from our short positions. It was not just the fact that the price targets were reached for gold and silver.
Gold Editorials & Commentary
June 27, 2018
– London house prices down 1.9 per cent in Q2 (yoy). – London house prices still 50% above 2007 bubble peak (see chart). – Brexit and weak consumer confidence to blame say experts. – Little sign that U.K. property “weakness” is likely to change. – London property...
We do not focus too much on the US dollar because in the big picture Gold usually leads movements in the dollar. As it pertains to the present, Gold’s failure to breakout (while the dollar made two new lows since the summer 2016 peak in Gold) implies that the the...
June 26, 2018
I don’t like to spend a lot of time in the grocery store, but I love the price sales…and gold’s superb seasonal price sale continues in orderly fashion. Astute investors are now calmly booking fabulous gold and silver Put Option profits, and filling their “grocery...
Do you have enough of constant fluctuations, changes in the short-term trends? Are you tired of checking the gold prices all the time? Good, so let’s rest from the daily hustle and bustle and focus today on what will be in thirty years.
As U.S. gold exports to Hong Kong and China fell 25% in the first four months of the year, London picked up the slack. According to the USGS, U.S. gold exports to London more than doubled from January to April, compared to the same period last year (see chart).
In a nutshell, what we have in place now for the precious metals is a perfect storm of oversold technicals, compelling fundamentals, geopolitical drivers, and absolutely abysmal sentiment going into the month of July, which typically marks the onset of the positive...
The cyclical nature of commodities and equities goes back at least until the 1970’s. When commodities are doing well, equities are performing poorly. Then the cycle flips and investors pile into equities, eventually making them expensive and commodities like gold...
June 25, 2018
We’re about nine years into the economic recovery following the Great Recession. It’s been an extraordinarily profitable period for the stock market—one of the best in U.S. history—and I hope you’ve participated.
Before being defeated today by Uruguay at the 2018 FIFA World Cup, Russia surprised experts and fans alike. Expectations were low at best. Because of recent setbacks, including a disastrous performance at the 2016 UEFA European Championship and injuries sustained by...
The sound money movement reemerged on the national political scene a decade ago. In 2008, the financial crisis brought in a fresh wave of U.S. gold and silver investors.
For many years, now, perhaps the main theme in my writing has been the inequity visited on working US households by the newfangled CPI introduced during the first Clinton administration. This change meant wage and salary increases would lag the real increases in the...
The best performing metal this week was silver, down 0.68 percent. According to the National Association of Realtors, sales of previously owned U.S. homes fell in May for a second month due to a lack of inventory and higher asking prices. Data shows that the median...
Last week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let’s illustrate with an example.
Gold’s failure to take off like a rocket when conditions become this favorable has been a puzzle for its fans. One explanation that has gained a lot of, ahem, currency is that it’s been replaced of late as the world’s safe haven asset by cryptocurrencies, bitcoin in...
As a former spot currency trader for a major international bank, I have had first-hand experience of central banks directly intervening in currency markets in massive size, repeatedly.
This weekend I would like to review the main features characterizing the markets which I have chronicled over the past 6 months. Often times “less is more” so I will keep my remarks condensed and focus on the overall stock market and the precious metals.
For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-...
Next week, the bulls will have their best opportunity yet since the consolidation began to turn the trend in their favor. Last Tuesday, SPX had a sharp decline of about 30 points, immediately bounced off a good support level in the low 2740’s, closed in the upper...
June 24, 2018
A week ago Friday, the metals got clocked hard. It was a drive-by “paper gold” shooting on the Comex, which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero.
The Dow Jones Index is having a problem with its BEV -5% line, (25,285) in the chart below. It easily broke above it on February 26th (Red Circle), closing the day at -3.41%. However, that advance was short lived. Then again in early March it broke above the -5%...
From the "Just Mail It In Dept." the following thought (not for the first time) did cross our mind: take the piece penned this past 11 November, change its date to today and post it. After all, 'twas aptly titled "Again We Find Gold Again Boxed-In Again". For with...
June 23, 2018
Gold sector is on major buy signal since early 2016. Speculation is in bull market values. Open interests is now at levels of previous bottoms.
It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world, and it's always great to have him on with us. Gerald, thanks for taking the time again today,...
June 22, 2018
Here are today's videos and charts.
On Wall Street, it's best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understanding is rare, analysts typically look to provide explanations after the fact. Within the financial...
The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain...
As I watch the financial game shows it seems obvious that they are trying to explain the market's recent struggles with the "Trade Wars" narrative. While this may have some bearing on what is going on does it seem strange to anyone else that the markets here in the...
Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market?
We cannot borrow our way out of debt. We cannot spend our way into prosperity. We cannot tax ourselves into wealth. We trust sane individuals also understand the following. We can’t fix an excessive debt problem with more debt. (Central bankers disagree…)
