The credit cycle is turning for the worse. Delinquency rates are creeping up in the consumer loan and commercial/industrial loan space. This is a clear signal that both the consumer and the corporate sectors of the economy are beginning to run out of steam.
Gold Editorials & Commentary
July 17, 2017
We’ve had to wait 18 months for an opportunity as big as the one we saw late in 2015 to appear again in the Precious Metals sector. “Wait a minute”, I hear you say, “prices were generally lower back then at that low than they are now, so how can it be as big an...
Wealth Research Group published an important update on the precious metals sector, which is trading in an unusual pattern, and how the bottom for junior mining shares is likely to play itself out in six to eight months.
Stark warnings have been issued by the Bank of England and its regulatory arm, the Prudential Regulation Authority (PRA). In less than one week the two bodies issued papers and speeches to warn industry members that many banks are showing signs of making the same...
“There is some evidence – which will need to be confirmed next week – that SPX is getting ready to start the final wave of its terminal pattern, and that this could take it to about 2500 before we can start the long-awaited intermediate correction.”
July 16, 2017
Welcome to the 400th consecutive Saturday penning of The Gold Update, double the number we'd intended to write until you cherished readers reversed our intent for "Gold 2000 or 200 missives, whichever comes first" to "second."
Not unexpected, the Dow Jones Index made new all-time highs on the last three trading days of the week. The number of BEV Zeros the Dow has made since the November election increases weekly. Since the elections, there have been 169 NYSE trading sessions, of which...
July 15, 2017
Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down. A major consolidation is in progress and now near completion. Speculative positions according to COT data are a multi-year low.
July 14, 2017
Stocks are often considered the sure-fire investment for the long term thanks to their historic record. But few investments have the historic relevance of gold—or a history that goes as far back. That’s why so many investors flock to Gold IRAs in order to ensure...
Here are today's videos and charts.
Analytically, we continue to see a number of signs that give strong evidence that an important bottom is in the process of forming on both Gold and the Gold Stocks. Fundamentally, we believe the Trump Administration is very close to imposing trade tariffs on Chinese...
One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals. Although deeply...
Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the...
This “amateur cyclist’s” chart (I am anything but a cycles analyst) of the S&P 500 shows that the 12 month marker (C12) meant exactly nothing as the market remained firmly on trend, after brief pokes down in April and May.
After striking a bottom on June 6th in what I had been counting as a smaller degree ending diagonal this week, the XIV has continued to push higher, trading 12% higher from last week’s low into the close on July 13th. We are now once again within striking distance...
Four weeks ago, after gold had corrected down from nearly $1,300 to around $1,240, I tweeted out that I was thinking about re-entering the JNUG (Direxion Daily Junior Gold Miners Index Bull 3X ETF) market and proceeded to launch into one of my classic invectives on...
We thought that when the gold price broke above its five-year downtrend in early June, it would establish an upward trend. We were wrong. Another false start, it seems. The bubble in financial assets continues.
July 13, 2017
In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooperation Organisation to break from the US dollar completely, by establishing a new monetary and banking system.
In early May, 2017, we alerted our follwers to a trading opportunity that resulted in a nearly perfect Momentum Reversal Method (MRM) setup – this trade was MOBL (Mobileiron Inc). Now that the trade has completed, we wanted to share with you an example of how the ...
There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of. While Americans continue to place all the BETS in the CASINO called Wall Street, via stocks, bonds and real estate, the EAST has...
– Fed has caused “frustration” and “confusion” in market place. – “If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce” – “If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce”
July 12, 2017
Gold imports into India have surged in the last six months thanks to festivals, economic recovery and concerns over a new tax regime and the push for the cashless society in India.
For the benefit of subscribers and to help yours truly to make good decisions, we plot an indicator with ten components on a daily basis, that we refer to as the GDI. On Monday the GDI closed at 39% and on Tuesday it moved into positive territory with a reading at...
Fed Chair Janet Yellen just announced that the Fed will be kicking the $USD off a cliff. She didn’t use those words, but the words she did use weren’t all that different. But first a little context…
The Fed’s “balance sheet reduction” may have profound implications for the dollar, gold, stocks and bonds. We’ll provide an outlook.
In 1980, the Financial Deep State realized that there existed an extraordinary opportunity for serial plunder and profiteering: the manipulation of the gold and silver markets. They immediately mobilized to exploit it.
July 11, 2017
Wall Street's largest firm, Goldman Sachs, is throwing in the towel on commodities, which reminds one of 1998, when Merrill Lynch closed its commodities desk very close to the end of a cyclical bottom.
We recently reported how the people of India has swallowed a massive 1,473 tons of silver in the month of May 2017. Not only was this one of the largest months for Indian silver imports it was more ounces of silver than the U.S. Mint had sold Silver Eagles in the...
Most precious metal assets staged a solid “comeback rally” against government fiat yesterday. The deep-pocketed commercial traders are serious gold buyers now.
This post will use Weinstein’s Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.
