Technical Analysis of The Markets Via Videos.
Gold Editorials & Commentary
February 19, 2016
The gold miners’ stocks have soared this year as investors flock back into this long-abandoned sector. Many traders wonder if these eye-popping gains are merely the product of fleeting sentiment that could reverse anytime, or are supported by strong underlying...
It occurs to me that in public writing I tend to bludgeon people with macro fundamentals (like gold vs. positively correlated markets, yield relationships and even confidence in global policy makers), market indicators (VIX, Equity Put/Call, Gold-Silver ratio,...
“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, respected publisher of the Gloom, Boom & Doom Report, told Bloomberg by phone yesterday.
Well, the polite way of saying it is that the markets have had a "nasty shock." Shocked included lower-grade bonds and bank stocks, particularly European banks. The latter may have had too much faith in Draghi's oft-repeated vows to do "what it takes" to inflate...
Is the resumption of the bull market in gold that so many have patiently awaited for years quietly gathering strength under our noses? The possibility occurred to me on Thursday following conversations with two of the savviest investors I know, Richard ‘Doc’ Postma...
There’s been a significant trend change in the gold market and it has the Western Central Banks worried. Before the collapse of the U.S. Investment Banking system in 2008, annual net physical gold investment was negligible. However, the present situation has...
February 18, 2016
Gold bullion and gold stocks came back from the dead, attracting new money defying the rout in commodities. Gold held its value better than other assets. That previous haven, the dollar plunged sparking a scramble for safety, amid the demise of bullish market...
The Central Banks hate physical cash. So much so that they will likely try to ban it in the near future. You see, almost all of the “wealth” in the financial system is digital in nature.
Central Bankers might lose a battle or two, but war is a composition of battles. And when it comes to war, these guys never lose as their principle is simple: Take no prisoners, shoot to kill and ask questions only if the enemy survives the onslaught of bullets....
There were many questions to a recent interview I did last Friday (released Sunday) asking about what a "cashless" society would mean so I've decided to expand on it. As it turns out, the timing was very good (by mistake) because over the weekend Europe announced...
February 17, 2016
The US suffered another sizable gold supply deficit in 2015. Matter a fact, the deficit was 50% larger than in 2014. In 2015, total US gold demand was 118 metric tons (mt) higher than total supply versus 77 mt in 2014.
One of the most critical lines to watch is the 12-month moving average for stocks. Historically this line has served well as a proxy for determining if stocks were in a bull or bear market. When stocks rallied above this line, they were in a bull market. When they...
This looks to me more like an overreaction to the down side in gold based off a sort of mini-panic out of the safe haven trades. From a fundamental standpoint, nothing has changed in regards to the concerns about negative interest rates nor the chaotic nature of the...
After gold’s incredible surge last week, it is now facing a critical test that will either prove or negate a new bull market in the yellow metal. The gold ETF GLD crashed through the 30-week moving average two weeks ago on 2-times average weekly volume, then...
This past week, I had an experience which was quite interesting. As many of you know, I write for Market Watch, and sometimes will post an article about precious metals. Over the last few years, I have been told that my gold articles have been some of the most well...
February 16, 2016
Since the middle of December, gold has executed an impressive advance. It rose from $1047 to an inter-day high of $1263. Money is again flowing into the yellow metal in response to a confluence of positive technical indicators, continued deterioration in other...
In this edition, a record thirty six analysts representing thirty one different companies participated in the forecast. Contributors forecast an increase in all four precious metals prices in 2016. They expect a rise of 12.7 percent for palladium prices, 5.4 percent...
According to the Bureau of Labor Statistics (BLS), there were 151,000 net new jobs created in the month of January, and the unemployment rate fell to 4.9%. The continuing increase in new job creation and removal of slack in the labor market is causing the Phillips-...
The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold. However, we are not believers of fundamental analysis and have proved over and over again that proper technical analysis combined...
In the overnight session gold reached a low of 1191.80, and has since recovered somewhat to be trading around the 1215 area, at the time that this Post was being written. As we mentioned in yesterday’s Morning Post we are now working on wave !iv! and it could now be...
Led by oil, the world’s risk-on assets are beginning what could be a fairly significant bear market rally. Bear market rallies tend to be quite violent. They often end very quickly, without warning.
If we were having dinner with a friend while the markets were closed, it would be easy to say, "yeah that makes sense" in response to the following statement: During a bullish trend, stocks do not go up every day. During a bearish trend, stocks do not go down every...
Gold has clearly broken out of its falling wedge - earlier than anticipated. The stellar performance during the last two weeks has likely changed the big picture and probably marks the starting point of a new multi-year bull market. But short-term Gold and the...
It’s amazing how much time and effort is spent by some analysts in attempting to track the movements of gold between locations. It’s amazing because such analysis provides no useful information about price, that is, such analysis has no practical value for...
February 15, 2016
There are recently several articles published in this website as to why the precious metals should rise to new heights. We present here a special technical analysis and show when the next big wave of the gold stocks will explode upwards and how high their prices...
In the previous US Markets it was anticipated that it would be a telling week – one that would either confirm that major trend changes are happening, or enable those who work so hard to maintain the status quo to continue their nefarious meddling with the markets....
The exchange rate between the Argentina Peso and the US dollar in January 1945 was 4.17 pesos to one dollar. Like the United States, Argentina created substantial price inflation – devaluation of their currency – in the 1950s - 1990s.
On Thursday, a decline which started at 1947 on the SPX broke the January 20 low of 1812 by a couple of points, and immediately reversed to finish on Friday’s close at 1864, with a 52-point bounce. Because of this being a potential double bottom, some analysts were...
February 14, 2016
Well what a couple of weeks for the bulls, resistance was taken out on a daily weekly and monthly basis. It was certainly unexpected…but then they don’t ring a bell at the bottom.
