“Follow the trend lines, not the headlines.” The quote, attributed to former President Bill Clinton, is one of my favorite pieces of advice. Clinton was referring to long-term data that show that conditions have actually been improving for the human race despite...
Gold Editorials & Commentary
October 29, 2019
October 28, 2019
There is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.
In our previous article, we told you about a shocking analogy in gold stocks and what it implies for the following months for gold and the rest of the precious metals sector. Of course, gold stocks are not the only part of the precious metals market that practically...
It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and hard money advocate, and through his tireless efforts at GATA, he is working to expose the...
This ageing bull market may soon face the third market collapse since the year 2000. Nobody can predict the exact starting date of its decline—but either a recession or stagflation will surely be its catalyst. During the next debacle, the typical balanced portfolio...
Fed rate cuts have been the driving force of the recent gains in precious metals. This is not a surprise to our readers as since 2018 we argued that a shift in Fed policy from rate hikes to rate cuts would springboard the next big move. History argued the same.
SPX pushed a little higher last week, breaching the recent high of 9/15 by a tad, and challenging the all-time high of 3028 which is likely to be surpassed before this move is over. This “exuberance” does not come as a surprise, since it was expected.
October 27, 2019
Since 3rd of September, gold and the SPDR Gold Trust ETF (GLD) have been consolidating for nearly two months and now seem to be getting ready for the next move higher! With the breakout of the triangle a first bullish indication is on the table. After next week’s...
Of the 43 trading weeks thus far in 2019, there've been but 19 (44% of 'em) for which Gold and Silver have both recorded net gains. For the other 24 weeks, Gold and Silver either have both recorded net losses (14 weeks) or have wandered away from one another (10...
There are three independent cycle turn indicators all identifying the period from November 26th through December 6th as a high probability for a stock market trend turn. The direction of the stock market trend going into this period will be reversed. The fact there...
October 26, 2019
Our proprietary cycle indicator is down. Gold sector is on major buy signal. Gold sector cycle is down, a multi week consolidation/correction is in progress but may have ended this week.
October 25, 2019
Gold has stalled out, drifting sideways to lower for nearly a couple months now. Traders are becoming more frustrated its preceding powerful rally has failed to resume. That is inexorably eroding this past summer’s bullish psychology. Corrective phases to rebalance...
Since 2016, the US Monetary Base has declined by about 23.68%. This is the deepest and longest decline since the Federal Reserve was formed. This should not be ignored. The last time there was a decline close to this magnitude, there was a sharp deflationary...
They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking a cue from the metals whose interplay will be critical to deciding the coming macro for 2020 and the run up to the next US...
“I like gold because gold is God’s money”, Robert Kiyosaki, personal finance expert and best selling author of “Rich Dad Poor Dad,” tells Bloomberg TV
I’m not sure why Prescient Trump continues incessantly to harangue the Fed about cutting the Fed Funds rate. The Fed is printing money and sending it to the stock market via the banks. It’s a much more effective policy tool to accomplish Trump’s number one policy...
Since I wrote my last bond article, we have seen many events which market participants assume have an effect upon the bond market.
October 24, 2019
Markets are playing a dangerous game of chicken with economic reality, which every passing day tells us that trade is slowing, and credit everywhere is maxed out. Key economies are beginning to reflect this in statistics, having for much of this year screamed the...
Gold is the most effective commodity investment, yet it is under-invested, the WGC reports. What makes it special and deserving of our focus? And how to translate that focus into an appropriate allocation within one’s portfolio?
This market has been difficult for both the longs and the shorts for months now. While it has been unwilling to break down, it has also been equally unwilling to break out.
“Keeping an open mind when it comes to trading the markets is paramount. If one gets locked into one scenario and refuses to acknowledge any other possibility you will eventually find yourself on the wrong side of the trade. Even though I have a ton of bullish...
For the first time in 21 years, Germany has openly bought gold into its reserve holdings. With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold.
October 23, 2019
Frank Holmes, CEO of U.S. Global Investors, discusses why he believes gold will go to $10,000, weighs in on the cryptocurrency versus gold debate, and explains why his gold and precious metals ETF is outperforming its peers, naming some of its top performing...
Tuesday’s session showcased a textbook range bound grind and backtest as the price action could not break above the overnight 3014.25 high on the Emini S&P 500 (ES) to force a trend day.
The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month
October 22, 2019
Boris Johnson struggles to push the Brexit agreement through the British Parliament. For it can bite back! Who wins this battle? One could hope that gold, but this is not so certain…
“What is the best predictor of future behavior? Past behavior.” And while this certainly does not always hold, there is a lesson to be learned from this adage for gold investors. Yup, a saying about behavior might be important for the precious metals market.
You have all heard me opine about the (un)dependability of rules-based investing in a managed market environment, where it is not kosher for a financial advisor to fire off a promotional tweet about their favorite stock but it is perfectly acceptable for a sitting...
If investors bring proper tactics to the table, gold price reactions can be exhilarating.
The Wall Street Journal’s Jason Zweig famously referred to gold as a “Pet Rock” in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.
