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Gold Editorials & Commentary
March 15, 2016
The Gold Miners have started the year with a cracking rally pretty much as they started last year. They have finally broken out of their downward trend which has been in place for around 4 years. As we write the HUI currently stands at 169.44 which is well off its...
March 14, 2016
A frequent comment here in US Markets over the past year and longer, I think, was that the the yield on the US 10-year Treasury note en die value of the dollar sought opposite trends. It quite seemed as if foreign holders of the US Treasury was being ‘protected’...
Gold moved substantially higher in the past few months, rallying from $1,045 to well above $1,250. Gold stocks and silver stocks rallied as well and many investors and traders claim that the decline in gold that started in 2011 is now over. The answer to the...
The Zika virus is the newest threat to humanity, especially pregnant women, so they say. Big Pharma is working feverishly to create a vaccine. Chances are the vaccine will be created, highly profitable, and Big Pharma will be “held harmless” for injuries to those...
The current monetary policy is stuck in place. It is highly destructive to banking systems, working capital, and financial markets. Yet it continues ad infinitum, actually until the great collapse. A systemic Lehman event is in progress, as the global financial...
On the week, the prices of the metals didn’t move all that much. However, the move around 6am (Arizona time) on Thursday is notable. The price of silver spiked up from around $15.12 to $15.64—3.4%—by around 8am. Twelve hours later, the price touched $15.73 before...
March 13, 2016
Last I wrote, I thought we might be breaking down out of a rising wedge pattern in the SPX. Apparently, many others thought the same thing…and you know what they say when too many agree. So many are thinking we go lower from here and that has me concerned. While...
The SPX may have decided to go for the last 5% of its intermediate base count. Moreover, it may even have completed it on Friday. But, as the saying goes: “The proof of the pudding is in the eating”. So, in spite of all the logical technical reasons given above for...
Gold settled yesterday (Friday) at 1251, down a scant nine points for the week. But not before being boffed all about the 1240-1280 resistance zone, trading exacerbated by currency disruption induced on Thursday from the European Central Bank, and not unexpectedly...
PM Sector longs have had a laugh at our expense over the past couple of weeks as gold has continued to edge higher after we called it down, but it is looking more and more like they will end up like those 4 fools in the classic Clint Eastwood Spaghetti Western, A...
Here are the cons to shorting the stock market: The Fed and the PPT have a printing press. They have access to unlimited amounts of money, and they are extremely motivated in keeping the stock market propped up. Most of the world is experiencing negative interest...
How’s the bear market going? Haven’t you’ve heard? Nothing but blue skies and sunshine ahead as far as the eye can see. Hard to believe, yes, but I still can’t argue that the stock market hasn’t been performing better than it was in January. Mr Bear was docile...
March 12, 2016
To sum up my view of this week’s COT report in one word…. WORRISOME. I use that word because of what we saw happen to the safe haven trades today on account of that monster rally in the US equity markets.
Gold was under pressure for the entirety of the session...
Stocks began to come off resistance areas this week. Effectively, they worked off the extremely overbought readings evident the previous week. Nonetheless, we remain quite overbought. Stocks are setting up much better charts now and I’m starting to move into them...
Political and financial turmoil reign around the world, by design. It is the classic example of the elites at work working their never-fail formula of Problem-Reaction-Solution. They create havoc of some kind, any kind, wherever they choose, the Problem. It is...
Gold sector is on a new major buy signal.. Up side should be limited and a correction is due in coming weeks. Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001. Silver is on a long-term sell signal and...
At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $...
March 11, 2016
Double Tops or Double Bottoms often indicate an important change in price trends. In the case of a double top, it shows a price level at which much selling is generated. The buyers on the other hand are exhausted…and cannot generate sufficient buying pressure to...
Friday's morning action in gold has been at once both terrific and frothy, wonderful, scary and redemptive and soothing, says precious metals expert Michael Ballanger. My hedges are all getting blown to smithereens with the miniscule damage to my net worth being...
We present a technical analysis of the markets via charts and videos.
With gold miners’ stock prices surging dramatically this year, investors’ attention is starting to return to the gold juniors. These smaller miners and explorers suffered terribly in recent years, all but abandoned as gold slumped to major secular lows. But even...
One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur...
Central bankers have been on a massive Gold Buying Spree led by Russia and China. One must remember that not only is Putin ex-KGB, but he is also an economist and holds a black belt in judo. Judo teaches you to use your opponent’s momentum to defeat him or her,...
Diminishing liquidity in what used to be the very liquid Treasury market continues concerning. Of course this is due to interventionists being able to drive nominal interest rates to exceptional lows. Real rates, as adjusted by CPI inflation, have declined on every...
Did you know that Thursday was one of the most critical market days in recent memory, one that should be internalized by gold bulls, currency traders and equity investors alike? It was the day the latest central banking “bait and switch” died.
Gold prices climbed to a 13-month high in dollar terms overnight ($1,282.51) after the increasingly adventurous, dare one say reckless, European Central Bank unleashed its latest ‘bazooka’ and initiated more interest-rate cuts, a significant extension in currency...
March 10, 2016
Our forecast algorithm is currently predicting a global stock market rout to begin in earnest over the next few weeks and months. Below is our monthly forecast for the S&P500, which we believe is about to enter a correction lasting until early 2017.
First it was the Fed, then it was the Bank of Japan, now the ECB (and maybe even China). Mario Draghi finally let loose this morning with everything left in his monetary "bazooka" and gone as far as the Bundesbank will let him. He also has to face the BIS...
It’s been quiet lately in the world of manipulation. The metals market has been going higher, and the manipulation theorists have become quiet. We have all read article after article for years providing reasons and arguments as to how the metals market has been...
