Gold sector is on major sell signal. Cycle is down. Traders should be in cash or short. COT data is now favorable for a tradable bottom soon.Silver is on a long term sell signal and investors should be in cash or short. COT data reveals that a tradable bottom is...
Gold Editorials & Commentary
July 18, 2015
July 17, 2015
Gold Bumps & Grinds, GDXJ Overwhelms GDX, FXI China And Key Gold Stocks analysis via videos.
Analysts worldwide have recently been comparing China vis-a-vis Greece ad nauseam. IMHO way too much importance has been allotted to the dire situation in Greece. Indeed, Greece is totally insolvent…and will eventually and inevitably go bankrupt. However, much...
I’m just back at my desk from a fact-finding mission to Shanghai and other Asian gold-trading centers where I met with gold importers, traders, jewelry manufacturers, retail outlets, and exchange officials.
The miserable summer for precious metals grinds on, with both gold and silver limping along near major lows. Such dismal price action has exacerbated the extreme bearishness long plaguing this sector, sparking even more capitulation. But this incredible weakness...
While the global financial system remained subdued in the first quarter of 2015, the U.S. Gold Market still suffered a large trade deficit. Matter-a-fact, the U.S. Gold Market deficit in 2015 may surpass its full-year shortfall in 2014 by a wide margin....
The gold miners have broken below their 2008 to 2014 support, while Silver is essentially trading at a six year low. Gold looks set to make a new monthly low and weekly low but has yet to break its daily low at $1140/oz. Barring a sudden short squeeze Gold could be...
The latest ‘Global Precious Metal Roundtable’ was recorded Wednesday and featured Jordan Eliseo of ABC Bullion, Bron Suchecki of the Perth Mint and Ron Stoeferle of Incrementum and Mark O’Byrne of GoldCore. Recent events in Greece and the EU, very poor sentiment...
The S&P500 Index has hit numerous new highs in the past three years. Note the log-scale graph below and the broken support lines from 2000 and 2007. The current support line, depending on where it is drawn, is on the verge of breaking.
Let’s try to cut through all the media rhetoric and understand why the deal with Iran was done in the first place. Below are several charts which show the Dow Jones Industrial Index and its relationship with oil (Courtesy Stockcharts.com):
Over the past few weeks I was hoping the Fed would stay out of the market and allow a natural intermediate degree correction. Unfortunately with the Humphrey Hawkins speech this week and an FOMC meeting at the end of the month, it was not to be.
July 16, 2015
There is a common view in financial markets that credit deflation is bad for gold prices, because gold nowadays is regarded as an asset to be sold in the scramble for cash, when people are forced to pay down their debts. When asked by Congressman Ron Paul, his...
In tonight’s report I would like to show you some charts that could be telling us that the second shoe maybe getting close to dropping in the on-going deflation scenario that really started to take hold last year at this time. If you recall the US dollar broke out...
- Euro is one recession away from implosion – David McWilliams. - Mismanagement of euro “both laughable and terrifying” - “When economic negotiations stop making economic sense, you should begin to question the motives of the EU” - Germany is out of control -...
July 15, 2015
So Mr. Tsipras has sold out his countrymen. He called for a referendum fully expecting a "yes" only to receive a resounding no vote. No matter though, what was already "planned" has already gone forward to kick the can down the road. As overwhelming as the...
While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico.
The sheer size and importance of China’s equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country’s stock markets is $14 trillion and change. Or at least it was, before they fell 30 percent,...
Any editor, analyst or commentator who claims that a “Greek bailout deal has been reached” is lying. Greece has NOT reached a bailout deal in any way shape or form. What DID happen was Greece’s Prime Minister agreed to try and push a new austerity program through...
Over the last few years, we have heard much about the metals being manipulated, especially by the Fed. Two weeks ago, Gold-Eagle published an article of mine which addressed much of the manipulation argument.
Whilst all eyes in the West were on Greece as its marxist Syriza government played game of thrones with the Greek people’s lives as they black mailed the Eurozone, the Chinese stock market crashed, collapsing by over $2 trillion into a BEAR MARKET sending over 200...
Western countries are increasingly displaying symptoms of instability as described by Nassim Taleb, the author of the The Black Swan, even since the publication of an essay written with Gregory Treverton entitled “The Calm Before the Storm.”
July 14, 2015
Gold reached a low of 1150.10, in yesterday's day session before recovering to almost unchanged on the day. Our best bullish count remains that a major low is in at 11462.20 and that we are starting higher in either wave -d- or wave -iii-.
Most gold analysts think that gold is in a bull market, or a bear market. They use charts and US economic reports to try to prove that the gold price is ready to move substantially higher or lower. In contrast, I’ve argued that the world gold market is in a state of...
Gold prices continue to remain under pressure after hitting a four-month low on Friday, as the dollar tumbled against the euro on signs of renewed optimism that Greece may secure fresh funding from its’ European creditors.
Gold finished last week down $3. It is down for the month and for the year so far. No matter what geo-political or financial disaster seems to be thrown at it, it still seems to continue on a steadily bearish course. Consequently, we expect Gold to fall during July...
Something quite interesting took place on Friday last week. The U.S. Mint updated its figures showing sales of its Gold Eagles surged to a level not seen for more than a year. Sales of Gold Eagles have been strong ever since the financial turmoil in Europe...
Capital controls have been in place in Greece since the start of the month to protect the banks from mass withdrawals by nervous Greeks. They have rightly been concerned about their savings, the collapse of the banking system and the loss of their savings in deposit...
There are numerous Economic truths. One of these is that, in a Free Market, interest rates are set by borrowers and lenders based on each group’s perceptions of the urgency of their need to take action.
July 13, 2015
Reality set in for investors last week: Tremors are shaking up the global markets. A “no” vote from the Greek referendum last Sunday, the vast stock market selloff in China, and the volatile movements in the price of U.S. crude oil have made it clear the worldwide...
“History doesn’t repeat itself but it rhymes” the saying goes. If this is in fact true, and what has happened before might imperfectly repeat itself in the future, this might be used in financial markets. But how to use it exactly? Is there a way to get clear...
