Gold may be at the start of a considerable bull run. Recently, we suggested that gold was at the start of a new bull market – so far so good, but we need to be cautious. Below our forecast suggests a considerable rise could be about to begin, which fits perfectly...
Gold Editorials & Commentary
August 1, 2016
July 31, 2016
The top three US oil companies released their financials today…and the results were completely horrible. Exxon Mobil was the only one of the three that still made a profit for the first half of the year. However, it was down a stunning 62% compared to the same...
Early on Friday, SPX made a pretense at breaking out of its consolidation, but it did not follow through and had an indecisive close. Furthermore, neither the DJIA nor the TRAN made any attempt to join it in starting a new uptrend. Other indices did, but they also...
We've again had our annual July reminder of just how swiftly time passes, Gold's trading volume having moved from the August contract into that for December. And for those of you lucky enough to be scoring at home, did you note the amount of contract premium built...
Perhaps the time has come to shake off the summer doldrums…and for the markets to stop acting in the strange fashion (as discussed last week). Some initial signs from last week are that markets are in a transition to become ‘normal’ – or as normal as markets can be...
Two weeks ago the Dow Jones Index made seven consecutive new all-time highs. Since then the market has been digesting these new BEV Zeros with the Dow closing never more than 1.00% from its last all-time high. Are there more BEV Zeros to come? Could be, but I...
July 30, 2016
Everything is now aligned for the final upward impulse to complete Phase I of the great bull market in the PM stocks. All the technical work is now done. The backing and filling complete. The final fuel stop taken to fill up on short sellers, who will provide the...
Stocks and metals continue to shine. I can’t stress enough how great it is to finally have stocks acting strongly and predictably, which is the mark of a strong bull market. There really isn’t much else to say.
Gold sector is on a new major buy signal. Cycle is now down. Investors can cost average in at the next cycle bottom. Silver is on a long-term buy signal. Short-term is on buy signal. However, silver is vulnerable to a multi week correction which is long overdue.
July 29, 2016
In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust. A negative reaction to the Federal Reserve statement could have caused lower prices but instead Gold and...
Technical Analysis of The Markets Via Videos.
Once upon a time, the concept of “helicopter money” was something of a joke. It was part of a parable written by Milton Friedman to make a point about how a community would react to a sudden, one-off increase in the money supply. Now, however, “helicopter money” has...
The gold-mining stocks have enjoyed enormous gains in their young bull market this year, trouncing all other sectors. Naturally this radical outperformance has led to surging popular interest in this usually-obscure contrarian sector. New investors are wondering...
A year ago almost to the day we began tracking a ‘Macrocosmic’ theme that would eventually see gold bottom and rise vs. stocks and bonds in 2016, joining its bullish status vs. commodities, which had been in place since 2014.
I’m going to show you how to trade against the crowd using the most recent 18 months of daily charts of $HUI (Gold Miners), $SPX (S&P500), $WTIC (Crude Oil), XLE (Energy) and $USD (US Dollar).
July 28, 2016
In the old-school lexicon of Wall Street, the term “painting the tape” referred to the large scale purchase of market-moving stocks by insiders for the purpose of giving the market an appearance of strength. Painting the tape was practiced by “pools” and large...
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing triumvirate, Mark Carney, is still in office...
Theodore Roosevelt's famous mantra "speak softly and carry a big stick" suggested that the United States should seek to avoid creating controversies and expectations through loose or rash pronouncements, but be prepared to act decisively with the most powerful...
We’ve all encountered them, the intelligent, charming and persuasive gentlemen who are deeply interested in our welfare and want to let us in on a plan they have to become wealthy. One of the most skillful cons in history actually took place in the early 1820’s at...
Gold bullion was up 1.6% and silver surged 3.7% yesterday, their second consecutive day of gains, after U.S. durable-goods orders dropped sharply, adding to speculation that Federal Reserve policy makers will maintain ultra-loose monetary policies. Gold and silver...
The markets have a way to push you just beyond your limits to get you to do the wrong thing at the wrong time…and then reverse on a dime. The bearish sentiment from just a casual observation over the last few weeks has felt like there was no way the bulls could...
July 27, 2016
In 1974 the American economist Arthur Laffer, then a professor at the University of Chicago, was having dinner with his friend Jude Wanniski, an associate editor of the Wall Street Journal. They were joined by Donald Rumsfeld and Dick Cheney, both of whom worked at...
Marc Faber has told advisers to invest 25% of investment portfolios in gold bullion. The author of the Gloom, Boom & Doom Report, urged investment professionals at the CFA Institute Conference in Chicago that 25 percent of a portfolio should be allocated to gold...
All bubbles burst; the question is when? Quantitate Easing (QE) is much like an addiction. One needs more and more to get the initial effect. However, this becomes an "asymptotic" result…whereas eventually one needs an infinite amount that will no longer give a...
The insidious nature of credit expansion under the implicit guise of forced legal tender has worked its way (essentially) undiagnosed through many generations. Viruses work from the inside out. They take over the control center of a cell. They use the existing...
It is not often that I make explicit statements of what markets will do over the near to even medium-term. My work tend to be based on patterns that span long-term history and the forecast tends to cover a quite a long time span. Quite rarely, an analysis gets done...
July 26, 2016
Many investors and their financial advisors consider gold to be a commodity, which makes gold no different than copper, timber, pork bellies or orange juice. They do not understand, or simply are unaware, that gold has been successfully used as money for over 3,000...
Much has been written over the last several months about the metals market. In fact, I have seen an explosion in the number of people who are providing their “opinion” about this market, most of whom I have never heard from in the prior four years. But, you know...
There was a huge trend change in US gold investment in May. Something quite extraordinary took place, which hasn’t happened for several decades. While Switzerland has been a major source of US gold exports for many years, the tables turned in May as the Swiss...
According to international pundit Kim Iskyan, “Gold is falling because of the Fed — but not for the reason you think.” Ms Iskyan goes on to clarify: “Gold investors can stop worrying. Despite recent chatter, interest rate tinkering at the Federal Reserve is not...
