We did what to ourselves? Our representatives, senators, and Presidents, supposedly acting on our behalf, voted for and created what history has shown are huge monetary and fiscal mistakes. Some will disagree, but consider this partial list:
Gold Editorials & Commentary
March 14, 2018
The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do?
A country’s sovereignty is becoming the driving force of so many changes in the geopolitical sphere, today. Whether it is Brexit, surprise electoral victories in central Europe or a change in trade deals, sovereignty is at the forefront of so many of these decisions...
March 13, 2018
As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind. Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main...
For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once...
LEADING ANALYSTS are split over the prospects for China's private gold buying in 2018, as a "healthy outlook" from one consultancy contrasts with a "tough year in store" from another.
There has been an incredible amount of chatter as to how many times the Federal Reserve is going to raise rates in 2018, and the speed at which it will raise them by. For gold investors, the old question lingers, “What will rising interest rates mean for the price...
If it looks like a duck, and it walks like a duck and quacks like a duck – then its probably a duck. The five charts below show clearly that: The Dow Jones Industrial Average has topped – having broken up in a “last gasp lunge” above a multi decadal upper channel...
March 12, 2018
The gold price fell briefly after the release of jobs numbers on Friday; however, it recovered as the dollar fell. On Thursday the gold price rose after China warned of a response to the recently imposed steel and aluminum import tariffs.
Washington, DC – Congressmen Alex Mooney (R-WV) criticized the United States Mint for its “disappointing and concerning” lack of awareness or action on the growing problem of high-quality counterfeits of US precious-metals coins entering the country from China and...
Recently, the gold/silver ratio broke and held above the 80 level for the first time since before 2000 and is now hovering at that level again. This have attracted much attention from commentators, at least one of whom saw it as a distinct opportunity for investors...
A recent World Gold Council (WGC) study has concluded that the market selloff on February 5th made the case for gold as both a diversifier and an asset that protects portfolios during market downturns.
Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared “irrational exuberance”. Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-...
SPX could end Friday’s strong rally on Monday and start a minor correction. Cycles are, essentially, negatively biased until the middle of May, so the current structure is a little uncertain -- but will define itself over the next few days and weeks.
March 11, 2018
Following the news continues to be useless. The bears have a downside set up in place. What the bulls need to do to make the bears fumble the ball. Do you think we will ever see a week of market moves associated with news events for which you will not shake your...
The U.S. exported a stunning amount of gold since the turn of the century. As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs. In 2012 alone, the United States exported nearly 700 metric tons of gold. The...
Looking at the market at the close of this week, apparently the “policy makers” have once again gotten a handle on the financial markets. In the Dow Jones BEV chart below it did correct 10%; but only for one day, February 8th, with the Dow Jones coming back since....
Gold's change for the week just past? A zip-zero-nada bona fide nuthin' burger. Well, ok, it did sport a net gain for the week of 30¢ having settled the prior Friday at 1323.7 and now yesterday at 1324.0. En route, price made both a "higher-low", but also a "lower-...
March 10, 2018
The total value of cash payments in Sweden is just 2% of GDP. Two-thirds of people rarely use cash and even homeless Big Issue sellers are accepting cards. These are the statistics of Sweden’s cashless society. A country, which is often touted as the most cashless...
Gold sector cycle is down. Our proprietary cycle indicator continues down. GLD is on short-term sell signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.
March 9, 2018
Here are today's videos and charts.
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that’s the best time to buy low, when few others care. The gold stocks continue to form...
In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn’t lead me to drop off, disrupting my sleep cycles. Let’s then dig into the topic. We...
Imagine contributing to a pension throughout your working life only to be told that you won’t receive it when you expect to. When you receive this information it comes with just a few years’ notice. There is little time to make alternative pension arrangements. You...
You thought I was done with the Amigos shtick, did you? Not by a long shot ma’am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr...
March 8, 2018
In August 2014, the long-standing and tainted London Silver Fixing daily auction was replaced by a newly launched London Bullion Market Association (LBMA) Silver Price daily auction. Similarly, in March 2015, the infamous London Gold Fixing daily auctions were...
Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.
The financial media is awash with claims that Gary Cohn’s resignation as Chief Economic Advisor is triggering a market collapse. While it’s true that a market collapse is starting again, it has nothing to do with Gary Cohn.
Following a 44-14 vote in the Wyoming House last week, the Wyoming State Senate today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming.
March 7, 2018
Municipal bonds might not be the first thing that comes to mind when you think of a sexy investment. They don’t typically command news headlines like the stock market or bitcoin. That doesn’t mean investors should disregard short-term munis. In fact, munis play a...
