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Gold Editorials & Commentary

November 14, 2016

The best-performing precious metal for the week was palladium, up 7.56 percent. The strength in palladium is seen as an indicator of improving manufacturing and automobile demand, since its primary use is in catalytic converters.

“If the question is when markets will recover, a first-pass answer is never.” I have to feel sorry for Paul Krugman. The Nobel prizewinning economist was clearly gutted by Donald Trump’s victory. Yet he also managed to sum up in that one impassioned line (written in...

Global gold investment demand has increased due to rising uncertainty in the financial markets and the unpredictability associated with a new Trump Presidency. Not only has gold investment demand surged this year, sales of the U.S. Mint Gold Eagles spiked the day...

While the list of US money managers pivoting bullish last week on the US economy and equity markets reads like a who's who list of hedge fund titans, the broader reflationary trend that had displayed cracks in its foundation last month, once again began to quake and...

The big news this week is that Donald Trump was elected to be the next President of the United States. Whether due to his comments about restructuring the government debt, tariffs on imported goods, or other economic concerns, many expected news of his election to...

November 13, 2016

Individual indexes have reacted differently to the election results. It will take a little longer to arrive at a consensus view of what lies ahead. For now, the SPX may be ready to complete the final phase of the uptrend which started at 1810.

Nobel Prize winning economist and uber-liberal New York Times columnist Paul Krugman likes to illustrate his philosophy by noting that the threat of an alien invasion would help the economy by stimulating government spending.

The 658% bull move mentioned here a couple of weeks ago is temporarily postponed, until the snowflakes get a grip. Let’s see how that $1,200 support level holds up (well, I think I mentioned $1,190 previously but what’s a few dollars here or there?). Apart from...

I think this election has made people go nuts. Not only have people gone over the deep end when it has come to politics, but I think people have gone over the deep end regarding the financial markets.

As the price of gold and silver came down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we analyze sufficient signals in the charts to make a make a call about the future price of gold...

Many are the analogies one might make to describe Gold's -8.9% decline from the week's high of 1338, down through the whole 1280-1240 support zone to the week's low of 1219, in turn momentarily penetrating the rising 300-day moving average at 1222.

As I expected, not much happened in the market until the election. The Dow Jones Index remained in the box it found itself in since early September, until last Friday when it broke down 4% from its last all-time high. Then on Monday the stock market began a week...

Gold sector is on a major buy signal but short term sell signal. Cycle is down. Trend is down. Correction continues.Silver is on a long-term buy signal. Short-term is on sell signal. Silver is more volatile than gold, manage your risk.

Bonds – this past week suffered one of the largest weekly selloffs in decades. After finally reaching negative rates in much of the world, has the 36-year bond bubble finally popped?

November 12, 2016

Gold prices rallied off 3-week lows in Asian and London trade Friday, bottoming over 7% below Wednesday's US election results' spike at $1251 per ounce as European stock markets ended their 'Trump bump' rally and fell with emerging-market equities.

HSBC, is projecting gold to rise to $1,500 an ounce, since the 'real-estate magnate' triumphed up from behind in the election results. It is protection against everything!

Cost cutting curbs gold mining despite price jump, scrap supply +18%... Gold Mining output "is plateauing" at record levels according to leading data analysts, but total supply has risen in 2016 as scrap recycling jumps on this year's price rise.

What a week! Markets were wild and materially moving, beginning Sunday evening in the futures market and not really calming down until Friday. I remain in cash waiting for setups, which are starting to form now. I knew the election would create massive volatility....

November 11, 2016

There's a lot going on in the world - from Trump being elected in the US to turmoil in the Middle-East, the China Sea and Turkey, Russia is flexing it’s still considerable might, North Korea’s flinging it’s nukes helter-skelter, Japan’s rearming, disease runs...

Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world. Equally if not more surprising was the subsequent days’ market reaction. Stock markets, gold, and gold-mining stocks did exactly...

There is critical information in the first 45 seconds of the Donald Trump campaign video below. Now the election is over, and this nonpartisan analysis is not about campaigns, politics or who should have been elected - but some absolutely fundamental changes that...

It is no secret that people do not like uncertainty. By nature, humans are generally creatures of habit—preferring stability and safe outcomes. This is especially true when it comes to financial matters.

Volatility in gold and silver has been on full display the past 24 hours. As the US presidential election approached this week, gold declined $30 to $1275/oz on the prospect of a Clinton victory.

There are more Trump Towers being erected by certain indexes (ref. Uncle Buck’s pants tent noted yesterday in an HUI update). As an aside, say what you will about the man, but the name and the persona are a natural for we financial writers and others not tasked to...

James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold.

Financial markets are becoming absolutely giddy with delight as they are now firmly looking beyond their “dark night of captivity” to the Obama administration’s growth killing regulatory scheme with all its oppressive mandates to a “new morning” of a business...

November 10, 2016

They’re calling it the Great Revolution, and rightfully so. Donald Trump’s earth-shattering victory over Hillary Clinton on November 8 must surely rate as one of the greatest political upsets in US history. It stretches the mind to recall the last time a true...

As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the...

Dedollarization And Uncertainty Drive Central Bank Demand For Gold. Central banks added 81.7t to their gold reserves in the third quarter. Total central banks purchases in the year-to-date reach 271.1t. Fellow-SCO member Kazakhstan and Belarus also had to holdings....

In early October when the pollsters were all busy proclaiming that Hilary was going to win, we stated in an article titled Mass Psychology states Trump win Equals stock market buying opportunity that from a financial perspective a Trump win would present an...

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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.

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