The purpose of this update is to define exactly where we are on the market clock, because if we know where we are, broadly speaking we will know where we are going.
Gold Editorials & Commentary
January 24, 2016
The Dow Jones Index managed to eke out an advance last week, but only by 105 points from the previous Friday’s close. The Dow Jones has been under tremendous selling pressure these past three weeks; the first three weeks of 2016. If the current decline is merely a...
January 23, 2016
Critics of today's fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast...
We keep reiterating that one need not be expert, nor even conversant, in reading a chart to be able to understand and appreciate how charts “talk” and reveal very clear information. Opinions are of no consequence, regardless of how strong or otherwise “informed” one...
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long term sell signal and investors should be in cash or short. Short term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
From 1950-1990 Japanese investors were ever shouting banzai…Banzai…BANZAI. The term “BANZAI” is deeply rooted in the proud Nippon culture and remarkable history for countless generations. It has several related meanings, depending on the context in which used. In...
January 22, 2016
Gold and Silver have held up well during the recent selloff in equities. From December 28 through Wednesday the broad NYSE lost 10.4% while the S&P500 lost 9.6%. Precious Metals gained strength during that period. Gold advanced 3.0% while Silver gained 1.7%....
This article assumes one is trading the up and down swings in the stock market. Swing traders are just one segment of a market population that includes those sitting in cash (and/or risk ‘off’ vehicles like Treasury Bonds), maintaining longer-term short positions,...
It’s been crazy so long it feels like normal…Several $ Trillion in global debt “pays” negative interest. Loan your capital to an essentially bankrupt government and lose a portion of that capital every year! Strange and crazy!
Technical Analysis of The Market Via Videos.
Gold stocks remain the pariah of the investment world. Despite gold’s strong early-year gains, the stocks of its miners have slumped to new secular lows. This whole forsaken sector continues to languish at fundamentally-absurd price levels, an extreme anomaly that...
The year 2015 was remarkable. For the first time, a year with the ending in five number did not accomplish a gain. On the nearer-term, the Turn of the Year trade was the weakest in decades. It's been widely reported that many hedge-fund strategies were not...
The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars...
Have we reached peak precious metals? Many analysts think so. Just to be clear, however, the idea of peak gold and peak silver doesn’t refer to a peak prices. The precious metals put in a cyclical price high in 2011. But annual mining production levels may have...
In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. As we enter 2016, we are only beginning to see this Epocalypse form through the fog of war. The war I’m talking about is the world war...
The January ECB Meeting is behind us. As expected, the Governing Council left the interest rates unchanged. In his introductory statement to the press conference, Mario Draghi pointed out: “downside risks have increased again amid heightened uncertainty about...
January 21, 2016
There’s a whiff of the Thirties in the air. Global markets had their worst start ever. But the market is confusing coincidence with causation. In a déjà vu moment there are concerns that oil’s collapse is America’s next sub-prime disaster – after all, the big banks...
Investors should analyze 2016 year to date action…as it is generally a good predictor of how the year will look. Major capitulation in oil and global market rout sends investors to the sidelines seeking out capital preservation. Volatility is soaring and precious...
Concluding, the broad stock market accelerated its short-term downtrend yesterday. The S&P 500 index reached the lowest since early 2014, as it got closer to 1,800 mark. Overall, it is one of the most bearish beginnings of a new year in history so far. Will it...
The 2008 financial crisis marks the return of gold into the international monetary system. It is also the beginning of currency wars. 2008 is also the year central banks stopped selling gold reserves and instead started buying.
Russia invaded Ukraine . . . so you should buy gold. There is a civil war in Syria . . . so you should buy gold. The ECB has instituted their own form of QE . . . so you should buy gold. Terrorists attacked France . . . so you should buy gold. I even heard one...
It’s early Wednesday morning – and with oil down to $27.50/bbl; commodities; currencies, equities, and high-yield bonds crashing; and the 10-year Treasury yield – “rate hike” and all – back below 2%; only gold and silver are higher.
In this week's video we noted that markets would be easy if they went up every day during a bull market and down every day during a bear market (see clip). As humans, when we see bearish charts, we tend to expect the market to drop every day. Since we know markets...
FRA Co-Founder Gordon T. Long deliberates with Eric Sprott about the outlook for the global economy in 2016. Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of...
The improbable success of The Big Short, a scathing and hilarious tutorial on making money during a financial crisis, probably has a lot of people thinking that now might be a good time to start betting against the current bubble(s).
Yesterday, gold pushed above $1100 on safe-haven demand. The slowdown in the Chinese and U.S. economies, a weaker global growth outlook from the IMF in general, a slide in oil prices (which indicates a shrinking global economy) and geopolitical threats elevated the...
January 20, 2016
2015 was not a good year for speculators trying to time the oil markets. Oil kept cutting through each support level like a hot knife cutting through butter. It would give the appearance that it was ready to mount a rally, but that rally would fade, and oil prices...
In 2015, over 17 million new vehicles were sold in the U.S., the highest number in history. However, on a monthly basis, sales peaked in October. Seasonally-adjusted sales in December dropped by nearly 1 million (see the chart below). Production has also been...
The future looks bleak for stocks and not just the US market, I'm talking about global markets are poised to enter bear markets which we have seen already started to see. Subscribers and I have been short the Japan and China market for several months and these two...
The US stock market, having risen relentlessly since the crash of 2008, has for the first time in seven years closed on a weekly basis below its major rising trend channel. The significance of such a technical breakdown cannot be understated: broken multi-year...
