Over the weekend, the Swiss voters rejected the campaign to radically alter banking system, while President Trump withdrew his support for the joint statement of G7 and arrived in Singapore for a historic summit with North Korean leader Kim Jong Un. The Fed and the...
Gold Editorials & Commentary
June 12, 2018
The first week of June was fairly easy to navigate and trade as the bullish pattern took a couple extra weeks of high level consolidation to finally complete its course. It really started with the breakout on Monday June 4 above the key 2742 level to confirm that...
Harry Dent has been making the rounds suggesting that for gold to get back to its pre-bubble price, it would need to fall to $400 or $450. If we were to believe Mr. Dent, then it would be bad news for gold investors. However, Harry Dent’s gold price forecast is...
This has been a uniquely boring stretch for gold and silver – especially given all the things going on in the world that ought to light a fire under precious metals. In just the past few weeks, the US started a global trade war, Italy elected a populist government, ...
June 11, 2018
The market sentiment toward the precious metals is quite negative. Additionally, gold and silver are fighting both the ongoing official price-management, which seems to have intensified over the last 12 months, and the rising dollar.
If you live in Texas and have any extra gold bars, coins and/or jewelry lying around that need safekeeping, you’re in luck. The Texas Bullion Depository, the first of its kind in the U.S., officially opened to the public in Austin last week, putting a cap on three...
Support you’re driving a car, and you turn the steering wheel left. You will feel the door and pillar of the car push your left shoulder (in a left-drive car). This is an observed fact.
Mike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known money manager...
After last week’s closing bell for stocks and the early signs of the Capital Market Shift which we mentioned previously was taking place are now clearly evident. We wanted to alert all of our followers that this week could be very dramatic with a number of key...
prior to the cycle low. Now that it has been surpassed, SPX is free to aim for the top of the bull market which started in March 2009. A target of 3000 and more should be met over a period of several months, with consolidations and corrections along the way which...
Bears seem to be roaming wherever you look, whether it be in the US equity market, the gold market, and especially in the emerging markets as of recently. Whether I read articles, or the comments to those articles, it seems there is a common expectation that “...
June 10, 2018
Life has kept changing at an ever faster pace since the early folks changed from hunting and digging for their food to growing it and thus able to establish settled communities. What has helped speeding up the rate of change was the invention of such things as the...
https://www.silver-phoenix500.com/rate/price-of-silver/There is a cyclical nature to almost everything in life and gold is no different. During the good times (2001-2011), gold prices rallied year-after-year, and everyone was excited. In tough times (2011-2015)...
'Tis only perfectly apropos on the heels of last week's missive entitled "All Quiet on the Golden Front" that we acknowledge therein having completely overlooked the inclusion of our usual end-of-month chart featurning the "year ago-to-date" percentage track of Gold...
The Dow Jones Index closed the week with its BEV plot under -5% for the first time since early March. This is no small thing for the bulls, seeing the Dow’s BEV plot rising towards its BEV Zero (0.00%) line from the -11.53% it made on March 23rd.
June 9, 2018
The pieces are lining up for a confirmed gold price breakout. Silver, gold's close cousin, has already confirmed a bottom. Only a higher close above the 15-day MA is needed for gold price.
Chris Marcus of Arcadia Economics speaks with Maurice Jackson of Proven and Probable about what investors can do to prepare for economic uncertainty.
Our proprietary cycle indicator is up. To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term ...
June 8, 2018
Finally! Not only is this a great day for Texas, it is a great day for anyone that wishes to store their gold outside of their own possession. If you’re comfortable, or have enough gold to store elsewhere, this may be an option to consider.
Here are today's videos and charts.
Early summer is the weakest time of the year seasonally for gold, silver, and their miners’ stocks. With traders’ attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably. Thus this entire sector, and...
It was the late 90's and I was graduating from high school and at that time the US dollar and stock market were quite strong as we were in the midst of the dot com bubble. Looking over the charts with my Dad who was a trader since the 30's we saw a complete lacking...
Under central bank governor Ewald Nowotny, Austria has brought back half of its gold reserves into the country. But why? What is the fascination of gold today? Why does a central bank store tons of shiny metal in their cellars? And what makes Nowotny himself gold? “...
June 7, 2018
The EU (Euro Union) as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principal is the state is superior to its people. A system of government can only work over the longer term if it recognises ...
The Swiss government pension fund, Switzerland’s AHV/AVS Fund, has decided to diversify into physical gold bars in their substantial CHF35.2bn (€30.5bn) pension portfolio.
And just like that, the VIX Index crashes right back to where it was before the late-January 10% drop in the stock market – a reflection that the remaining stock market speculators and hedge fund bots have been completely cleansed of any fear impulse that hit...
Next week, the ECB will hold its monetary policy meeting. The bank was expected to start winding down its stimulus program at the end of 2018. However, Italian turmoil led some analysts to think that the ECB will remain cautious. Will the ECB withstand the pressure...
For almost 7 years now, I have been actively engaged in the online community relating to investing opportunities. In fact, my first public article about a specific asset was when I called for a top in gold back in the summer of 2011, when most were certain we were...
The song “Cell Block Tango” from the Oscar winning movie “Chicago” included the line, “He Ran Into My Knife Ten Times.” The American people have “run into a financial knife” many times in the last century. (Solutions listed at the end.)
June 6, 2018
Gold's breakout from its giant 5-year base pattern has had to wait for the dollar rally to run its course, which it now appears to have done, and this being the case, gold is now free to break out into a major bull market that looks set to dwarf all prior ones.
