The stage has been set for high levels of uncertainly…and with uncertainty comes opportunities in commodities.
Gold Editorials & Commentary
February 24, 2017
Gold pushed to near a four month high amid heightened political uncertainty in the U.S. and the EU this morning. Gold rose another $6.40, or 0.5%, to $1,258 an ounce and is currently set for a 1.5% gain this week. It is higher for a second day today and looks set...
The broad stock market fluctuated along its Tuesday's record high yesterday, as the S&P 500 index lost 0.1%. Will the uptrend continue despite some clear short-term overbought conditions? Or is this a topping pattern before downward correction?
Anytime the Dow Index makes a new high, you can be reasonably assured of hearing the B-word bounced around in the media. Memories of the last bubble are still vivid and painful enough to trigger flashbacks of the bubble’s collapse. It’s only natural then that...
February 23, 2017
Lately, the Cartel has been throwing everything – including the kitchen sink – at Precious Metals; in silver’s case, vigorously defending its latest “line in the sand,” at the 200 DMA of $17.96/oz; and in gold’s, at its 200 day and 200 MONTH moving averages, both of...
An incredible amount of fraudulent, virtual silver is being created in order to cap price and paint the chart. Will JPM and the rest of The Evil Empire be successful once again in capping price and routing the Specs. The reaction to today's FOMC minutes may help to...
‘We All Dream In Gold’ read the strap line for last year’s Academy Awards. This is no doubt still the case for the nominees of the 24 awards set to be given out at this Sunday’s 89th Oscars.
February 22, 2017
It’s Tuesday morning, and the Euro was crushed overnight – to within less than a percent of the 14-year low of 1.047/dollar set earlier this year; in turn, causing the cost of living for hundreds of millions of Europeans – and millions of other people whose fiat...
Notwithstanding the strong demand for gold and silver globally, buying activity in the U.S. retail market for physical bullion has fallen noticeably in the wake of Donald Trump’s election victory. And retail selling in the U.S. has increased. The bullion markets...
Steve St. Angelo wrote an insightful article relating the silver to gold ratio to the S&P 500 Index. I encourage you to read his articles and analysis.
Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced for the sixth straight month. In addition, January...
For those that have been following my analysis since I began posting it back in 2011, you know that I do not buy into the common “market speak.” In fact, when so many were looking for a dollar crash back in 2011, I was calling for a multi-year rally in one of my...
The War on Cash is not merely continuing, it is intensifying. It began in the West, with relatively minor infringements on our right to use the currency of our own nation. The War has now shifted to India, been radically ratcheted up, and inflicted upon a population...
Is 2017 even real? What kind of weird, fantastical twilight zone have we entered into? The world has been turned upside down and I will continue to point out the bizarre and unusual things that continue to be said and acted upon as we go forward. If past results are...
February 21, 2017
Since the financial crisis of 2008 up until today…government leaders, our political advisers, and our banking administrators have essentially accomplished ‘nothing’ meaningful. Our financial problems today are actually much worse than during the last crisis. Our...
Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced for the sixth straight month. In addition, January...
I have recently written a few articles discussing my directional perspective on the S&P500. In fact, my long-term target has been 2537-2611SPX for years now. Moreover, before we entered 2016, I noted that I was looking for a rally to 2300SPX in 2016, but with...
Consumers of financial news will hear the word “risk” thrown around a lot. We hear of “risk-off” moves and “risk-on” days. Although used amply, it’s rarely—if ever—quantified. As understanding risk is crucial to making informed investment decisions, how can it be...
When the Federal Reserve raised interest rates in December—and then laid out a plan to do so three more times in 2017—theory suggested gold should fall. As gold is a non-yielding asset, the cost of holding it increases as rates rise. However, theory doesn’t always...
In December, we argued gold’s post-election decline didn’t reflect its fundamentals and that now could be a good time to add some to your portfolio. It just so happened that shortly after, the price began rising.
Hardly a day goes by now without more good news for gold investors appearing, and the pace of this news flow is accelerating.
The prices of the metals mostly moved sideways last week. There was a rise on Thursday, but it corrected back to basically unchanged on Friday. This will again be a brief Report, as yesterday was a holiday in the US.
Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion.
February 20, 2017
“Don’t fight the trend” is a cardinal rule of technical analysis! When SPX reached its 2300 projection, it was expected to pull back, helped by divergences which were showing in various time frames and by topping intermediate cycles already in right translation. ...
Our HUI Mining Stock Index Key trend-finder indicators remain on a Buy signal this weekend. However, the HUI 30-day Stochastic shown in the chart below is very close to triggering a new Sell Signal, as the Fast has dropped almost 20 points below the Slow measure...
Ironically, given all the talk of homeland security, the travel ban, and putting walls up - down Mexico way - the biggest threat the United States has faced for years will probably be triggered at a meeting, in the heart of Washington DC, scheduled to take place...
Alan Greenspan, the former head of the Federal Reserve has warned that the euro may collapse, saying that he has "grave concerns" about its future.
February 19, 2017
When the history of these times is written, former Fed Chair Alan Greenspan will be one of the major villains, but also one of the greatest mysteries. This is so because he has, in effect, been three different people.
Whereas a few years ago countries repatriating their gold seemed to be ‘the hype of the month’, once the dust started to settle, we didn’t hear much about gold repatriations anymore.
Last week speculative gold longs and shorts both cut positions. Despite that gold remained steady for the week around $1230 per ounce. In Asia physical gold demand remains subdued with Indian premiums flipping to a discount for the week.
