The best performing precious metal for the week was silver, with a fall of just 0.51 percent with platinum just behind that. Following wild price swings on heavy volume Monday and Tuesday in a suspected erroneous trade, gold traders and analysts remained bullish for...
Gold Editorials & Commentary
July 4, 2017
The price of gold dropped from $1,241 as of Friday’s close to $1,219 on the close Monday, or -1.8%. The price of silver fell from $16.58 to $16.11, or -2.9%. It is being called a gold and silver “smash” (implication being that one party or a conspiracy is doing the...
Two leading economics professors have warned that the UK housing market is on the brink of a 40% collapse, echoing the early 1990s property crisis.
July 3, 2017
This past week was an exciting one for U.S. Global Investors. If you haven’t heard, my team and I had the distinct honor of ringing the closing bell at the New York Stock Exchange on Thursday to mark the launch of our latest ETF.
This past week was an...
Today is called a recognition day when it finally becomes apparent that the trading range is ending and you have a massive breakout move. We can still get a backtest to the breakout point which would represent the 2nd area to take a position.
Have you ever been in a discussion about gold, when someone blurts out “we don’t have enough gold to operate a gold standard!” We have a standard retort. “Oh, that’s interesting. Please tell us how much gold you think would be necessary, and how you calculated it...
The fact remains that the natural resource sector is the most volatile sector we can invest in. In your brokerage account, if you see reds and not greens, as you did between January 2016 and August, then make sure you read today's piece thoroughly.
From President Trump taking office, Fed policy tightening to European and UK elections, Brexit rumblings and growing Middle Eastern risks, the first half of 2017 gave witness to a few trends which look set to impact markets in the coming months.
July 2, 2017
The following S&P500 Index - 90 Year Historical Chart shows the yearly gain or loss from 1929 through 2016. The following upshots (i.e. conclusions) may be drawn from this very illustrative bar chart of Wall Street’s yearly stock performance during this...
There are two possible courses of action for SPX over the near-term: 1) It is already at or near the low of a near-term correction - and will need to make another new high between 2480-2500 before starting an intermediate correction, or 2) the intermediate...
The latest Commitment of Traders (COT) report showed a third straight week of speculative long selling in gold despite an actual rise in price during the week, which is a bit unusual. The addition of new shorts also helped take the net speculative long position in...
Another month in 2017 has come and gone. And, I have to say that June was for the most part pretty quiet compared to what the stock market saw earlier in the year. In June we saw seven new BEV Zeros (new all-time highs) in the Bear’s Eye View chart below. But for...
July 1, 2017
Some more of the same choppy, confusing action from many stocks with the S&P500 and Russell2000 holding up well. However, the Nasdaq is struggling on the backs of the leading large stocks/FAANG, since they are so heavily weighted within the Nasdaq Index.
Gold has closed below its intermediate uptrend line. This is the first confirmation that a larger intermediate degree decline has begun. However, the dollar should be in an all out panic next week as the bloodbath phase reaches a climax,
One thing certain of all politicians, no matter where in the world, they all lie. The US federal government, that captive political body beholding to Wall Street interests, also a subsidiary of the international bankers that controls the West and all fiat-issued...
Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is down. A major consolidation is in progress and now near completion. We are holding some positions for long -erm gains.
Let’s establish three facts up front. One, the volume of contracts traded was not “millions” (as at least one conspiracy theorist is claiming). During the 1-minute window when the price of gold dropped from $1,254.10 to a low of $1,236.50 and recovered to $1,247, 18...
June 30, 2017
We often hear about ‘peak gold’, i.e. the maximum level of the global production of the yellow metal. According to some analysts, the gold supply already peaked in 2016 or it is likely to peak very soon, offering hope for gold bulls. We do not agree with them. The...
The US stock markets have enjoyed an extraordinary surge this year, shattering all kinds of records. It’s been fueled by hopes for big tax cuts soon from Trump’s Republican government. But such relentless rallying has catapulted complacency, euphoria, and...
– America’s underfunded pension system is “not a distant concern but a system already in crisis”… – Tax may explode as governments seek to bail out insolvent pension plans. – Illinois, California, New Jersey, Connecticut, Massachusetts, Kentucky and eight other...
This monthly series analyses recent developments in the world’s largest physical gold markets such as India, China, Russia and Switzerland and features charts as diverse as Swiss gold imports and exports, Russian Federation gold reserves, Shanghai Gold Exchange...
June 29, 2017
When people think of San Francisco, they might think of the Golden Gate Bridge, cable cars, Chinatown, the 49ers or Giants. I’m a fan of all of those things, but what usually comes to mind when I think of San Francisco is Silicon Valley, the world’s premiere hub for...
Since 2007, the world has packed on a truly staggering amount of Debt. That year (2007) is now commonly referred to as a debt bubble. At that time, global debt was $149 trillion. Today, 10 years later, it stands at $217 trillion.
Is the London property market heading for tough times? The most recent housing figures and a new Bank of England report suggest it may well be.
June 28, 2017
US Global Investors, a San Antonio, Texas-based investment adviser, today launched the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE Arca: GOAU). GOAU is a smart factor, passively managed fund that is designed to track the U.S. Global GO GOLD and Precious...
Shrinkflation: no one left untouched. 600 new words entered our official lexicon this week as the Oxford English Dictionary announced the latest new additions to their online records.
I have lots of “PiMBEEB,” or Precious-Metal-bullish, everything-else-bearish, topics to discuss – to the point that I could easily pen three or four articles. And trust me, I could easily do so; as in my quest, and the Miles Franklin Blog’s in general, to...
Japan has found a way to write off its national debt without creating inflation. We could do that too. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it,...
June 27, 2017
There’s an advantage to being well-connected in an industry: you can sometimes be among the first to spot a change in trend. And that appears to be exactly what’s happening in the gold industry.
Recently, gold suffered a dramatic sell-off in just a few seconds. More than 15,000 contracts quickly changed hands on the COMEX. This caught most investors by surprise. That’s because they don’t follow the physical market meticulously.
