It’s a hot period in central banking. On Tuesday, the Bank of Japan kept its monetary policy on hold. Kuroda tried to convince the markets that the BoJ won’t follow the Fed towards an exit from easy monetary policy soon. “We haven’t reached the stage of thinking...
Gold Editorials & Commentary
January 30, 2018
Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era.” The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative...
Many are the metaphors used to describe the agent that initiates a major crisis. Light the fuse, or pull the trigger, pull the rug out from under the room, or pull on the string for unraveling the sweater, these are commonly heard.
Last week the Senate confirmed Jerome Powell as Federal Reserve Chairman by a vote of 84-13. This is in contrast to the contentious debates and closer votes over Janet Yellen’s confirmation in 2014 and Ben Bernanke’s confirmation for a second term in 2010. Powell...
Predicting the likely path of the prices of the metals in the near term is easy. Just look at the fundamentals. We have invested many man-years in developing the theory, model, and software to calculate it. Every week we publish charts and our calculated fundamental...
January 29, 2018
Hmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one? In order to get this information out as quickly as possible, we'll save the price implications for later. But just today I saw this posted at Silver Doctors. I...
How sensible is it to invest in gold? There is no blanket answer to this frequently asked investor question. Much more depends on what you personally expect from an investment in gold. In this second part another 10 experts give their blunt opinion about investing...
The best performing metal this week was silver, up 1.68 percent. Gold traders remain bullish on the yellow metal for a third week on sustained dollar weakness, according to the Bloomberg weekly survey. The gold price heads toward its highest since August 2016,...
Jim, you're a very well-traveled individual who has his finger on the pulse of what's going on, not just here in the states, but around the world. I know you were just in Europe. Is complacency an issue all over the globe or is it just a Western World thing or an...
Rates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.
Dear Friend of GATA and Gold: Our friend P.C. writes: "As a long-time GATA follower, I fully subscribe to the understanding that markets generally, and particularly the precious metal markets, are controlled to keep international exchange and trade 'stable' and...
I have seriously underestimated the extent of the uptrend which started with the low of the 7-year cycle at 1810. I was looking for a phase count to take us to a 2660 top, but that turned out to be a short-term stop with SPX only pausing briefly at the end of 2017...
January 28, 2018
The key message of this update is that gold is getting closer and closer to breaking out of a giant Head-and-Shoulders base pattern that started to form back in the middle of 2013 and to point out that it won’t be stopped from doing so by any minor short-term...
The leverage in the economic system has become so extreme; investors have no idea of the disaster that is going to take place during the next stock market crash. The collapse of the U.S. Housing and Investment Banking Industry in 2008 and ensuing economic turmoil...
'Twas the young year's landmark week, the Dollar's knees going weak: Gold's Key Pop: Last year's high of 1362? Gone, price trading up to 1365 in the 06:00 GMT hour on Thursday. For the run toward our "conservative" forecast high in 2018 of 1434, getting past last...
With the rally continuing to power higher in the stock markets I’m going to update the portfolio combo charts so you can see how this once is a lifetime rally in unfolding. When this impulse move finally burns itself out we will get a decent sized correction that...
This week the Dow Jones closed at new all-time highs every day except for Tuesday; the 96th to 99th since the November 2016 presidential election. Of January’s eighteen NYSE trading sessions, eleven of them closed with the Dow Jones at a new all-time high.
January 27, 2018
Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.
There are many market historians and technical analysts that like to assess the outlook for stocks based upon the “January Barometer” which, in its most rudimentary definition, says that “as January goes, so goes the market” for the rest of the year.
January 26, 2018
As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold’s...
Here are today's videos and charts.
Gold’s strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical...
Two years ago I was fortunate enough to be invited to the World Economic Forum at Davos. The invite and events were paid for but everything else was not. This gave me an interesting insight into how the other half (read: 1%) live whilst not enjoying all the spoils...
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will...
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of...
This past week has been momentous because the dollar has finally broken down from its giant 3-year long Broadening Top pattern, and fundamental developments suggest that it will continue to weaken, and since it has now broken down decisively, the rate is decline is...
Here are a few charts on the USD, Gold, Silver and GDX showing the Thursday’s reversals. One day does not make a trend. However, today Friday is a new trading day. Let’s see what it brings…?
January 25, 2018
We’ve all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and...
While the gold mining industry reports energy as only 15-20% of its total production costs, the total amount consumed by the industry is much higher. The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed...
Love it, or hate it, the $USD is the reserve currency of the world. So what happens to it is of MASSIVE import to the rest of the financial system. With that in mind, take a look at the below chart.
