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Gold Editorials & Commentary

December 5, 2016

We’ve gone through a succession of events and processes that were supposed to make gold go up. The following list is by no means exhaustive: Quantitative Easing. Bernanke’s Helicopter Drops. Janet Yellen’s Keynesianism.

December 4, 2016

The beginning of a dichotomy is appearing in the stock market. The tech sector has been left behind in this rally and if this accelerates, it could start to rein in the DOW and other averages that have soared to new highs. The chart at the top which depicts the...

With the precious metals running out of puff deep into 2016, recall how they completely dominated our BEGOS Market Standings throughout the year's first two trimesters, (Oil also sneaking up there to appear on the podium in the Top Three). But with it all going...

Since the November 8th election, the NYSE has seen seventeen trading sessions with the Dow Jones closing at new all-time highs in nine of them. I’m not going to argue with success, but seeing the stock market do so well after an election does nothing to change my...

December 3, 2016

It’s Friday night, after another week of financial market ignominy has passed; fortunately, without further damage to those holding REAL money. Which fortunately, is likely to be extremely limited going forward, given how low Precious Metal “valuations” have been...

Investment demand for Gold Eagles surged during the last day in November pushing sales to a new monthly record. Not only did Gold Eagle sales for November reach a new record high for the year, it surpassed sales during the same month last year by 52%.

US Markets showed weakness this past week as they are working off their overbought conditions very nicely now. Many stocks are nearing support areas along with the indices. Consequently, I’m looking to buy the weakness in the week or so ahead.

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

Obama was the “Yes, we can!” hope and change candidate that become the deep state elite’s presidential lackey. It was Obama’s choice to sell his political and personal soul in serving the globalists.

December 2, 2016

When gold rose from its $1,046 low last December, it was accompanied by motivating articles written by a plethora of excited gold analysts. Many of them unequivocally stated that gold’s long, grueling Bear Market had ended, and a new great Bull Market had begun.

As it is quite often said (but just as often forgotten when things get volatile), no market can move up or down in a straight line. There have to be corrections along the way as some traders cash in their profits, others get scared out of their positions etc. The...

Here are today's videos and charts.

The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling. That’s naturally left investors and speculators extremely bearish on gold juniors. But lost in all this technical and...

Every central bank in the world, including the US Federal Reserve, now wants a weaker US$, which proves that central banks can be overwhelmed by market forces even when they are united in their goals.

Few people realise the coming bargains in all asset markets within the next five years or so. Stocks, bonds and property will be fractions of current prices. I discussed in last week’s article how I expect stocks and property to decline maybe as much as 90%. Most...

The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument, favouring equities over bonds and buying dollars by selling other currencies and gold. This is because President-elect Trump has stated he will...

Money is now a ‘no thing’ unit ($$$$$$$) created by select bankers from their thinking. The unit emerges from a banker’s consciousness (and then gets typed into a computer screen) and this means the unit is ‘no thing’ (nothing). The unit circulates from computer...

December 1, 2016

Next Tuesday will mark four weeks since Indian Prime Minister Narendra Modi made his surprise demonetization announcement that has sent shockwaves throughout the South Asian country’s economy. In an effort to combat corruption, tax evasion and counterfeiting, all...

It is said that history has a sense of irony. The latest US election is not an exception. Consider the following… 1. Donald Trump campaigned aggressively on trade… particularly his opposing of the fact that the US gets taken advantage of by foreign nations via...

Oh, the tangled web we weave, when we seek to deceive. And sometimes, when we actually want to help – particularly when referring to vote-seeking politicians. Case in point, OPEC – which yesterday, pulled off the lie to end all lies in pretending to “cut production...

The broad US stock market actually looks better overall than it has done for several years, which may come as a surprise considering it has been in a bull market since as far back as early 2009. On the 10-year chart for the S&P500 index we can see that a...

The Indian Prime Minister announced on 8th November 2016 that Rs 500 and Rs 1,000 banknotes would no longer be legal tender. Linked are Part-I, Part-II and Part-III updates on the rapidly encroaching police state.

Gold prices are getting pummeled on a daily basis and appear to be coming down as fast as they went up. First we had Brexit which resulted in both the Euro and the British Pound getting sold off hard. When these two currencies lose value the US Dollar is forced to...

November 30, 2016

Gold bullion again gave back a $10 overnight pop on Wednesday in London, falling back to last week's finishing level at $1183 per ounce for the third session running as world stock markets rose and oil prices jumped on rumors of an OPEC output cut.

Donald Trump will be sworn in as the 45th President of the United States in January. Americans will then find out then if “Make America Great Again” is more than a campaign slogan. It isn’t going to be easy. On day one, he will inherit a $20 trillion federal deficit...

Last week I felt that if gold broke $1,180, it could see another $140 downside, taking it to the December 2015 lows of around $1,045. I also saw that the Relative Strength Index (RSI) was at the extremely low levels usually associated with bottoms.

The metals markets are all now hitting the downside retracement targets for support we have been speaking of and focusing upon since the market confirmed this pullback months ago. The market has positive divergences at the lows we are striking. The sentiment...

November 29, 2016

On Friday November 25, Fidel Castro died at age 90. The former revolutionary and hardline dictator of Cuba was among the 20th century’s longest-serving leaders, third only to Elizabeth II and Bhumibol Adulyadej, the King of Thailand, who passed away in October.

A modern economy typically involves millions of individuals making decisions about consumption, production and investment based on a myriad of personal preferences. It should be obvious that such a ‘system’ could never be properly described by any mathematical...

Well, we've finally reached "contract expiration" day as the Dec16 COMEX gold and silver contracts go off the board and into "delivery" at the close today. With total COMEX open interest now back to the levels of last December, could price finally be near a bottom?...

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Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.

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