The USD Index practically erased its Thursday’s losses, and the precious metals faced stiff headwinds. Silver again outperformed gold, adding more strength to the signal it’s flashing for quite a few days already. Yet, it was gold that gets the crown for presenting...
Gold Editorials & Commentary
July 22, 2019
Breaking News: On July 5, 2019 prices for contracts of paper gold and silver closed at $1,400 and $15.00, a multi-decade gold/silver ratio high. The great financial game continues. What game?
The Q2 earnings season is upon us and the risks to the rally that started after the worst December on record at the close of last year is in serious jeopardy. We received a glimpse of this with some of the current companies that have reported. For example, to...
It’s a case of “so far so good” for gold, which is breaking out on schedule from its giant complex Head-and-Shoulders base that may also be classified as a Saucer base, as can be seen on its latest 10-year chart…
July 21, 2019
This weekend I would like to review the state two markets. The general stock market and the precious metals market. Following this I will give an update on Plungers Core-7 portfolio.
I have been going over the past data to attempt to identify future price targets and to help traders understand the true potential for the current precious metals price rally. We've been sharing our data and research with you for many months are pleased to continue...
Coming back from a two week break I see the Dow Jones made four new all-time highs in the past three weeks. That doesn’t surprise me, nor will it if the Dow continues doing so for a good time to come.
July 20, 2019
Gold sector is on major buy signal. GLD is on short-term buy signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.
A big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big impulse move because without...
July 19, 2019
What is the difference between a recession and a depression? When your neighbor loses their job, it’s a recession. When you lose your job, that’s a depression! Not funny? Do not worry, we won’t make more jokes. Instead, we’ll analyze a new, but very important and...
The gold miners’ stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That’s driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big...
For years, gold’s corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr. Market has not obliged. Instead, retracements...
July 18, 2019
The delicate balance of forces at the Fed has been disturbed. The doves grew stronger recently, and with new governors coming, their strength may increase even further. Will gold warm up to them?
There is a moment just after the top of every credit cycle where positive momentum stalls before a new reality emerges. When the stall begins, as appears to be the case today, everything is still read positively.
Our researchers identified this critical Double-Top pattern in the Transportation Index after a very strong price rally on Friday, July 12. Double-Top patterns are very important in terms of Fibonacci price structure because they reflect a complete price rejection...
Ray Dalio the American billionaire investor, hedge fund manager, and founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds believes that it is “both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.”...
July 17, 2019
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” — Gerald M. Loeb
President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard.
Commodities were on mostly sound footing in the first half of 2019. The S&P GSCI returned more than 13 percent as of June 30, one of the best first six months in recent memory. It was not without its challenges, though.
Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S....
July 16, 2019
It’s the ultimate “no-brainer” that serious American GDP growth (in the 6% range or higher) can only happen by eliminating the PIT (personal income tax) for the middle class.
The best performing metal this week was platinum, up 2.46 percent. The yellow metal jumped on Wednesday after Federal Reserve Chairman Jerome Powell’s comments spurred bets on a cut in interest rates later this month. Powell said concerns over trade and global...
The federal government will soon run up against its self-imposed borrowing cap once again. Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some...
Gold is moving higher and steadily so. It’s hold north of $1,400 is impressive and worrying at the same time. We have seen record flows of late, with long term safe haven demand rising a pace. It was Germany last week and China this week, the flow of disappointing...
July 15, 2019
The market is now at record highs, and unemployment is way down. Even so, a U.S. rate cut is expected as early as this week. During his congressional testimony last week, Federal Reserve Chairman Jerome Powell raised concerns over slower global growth and trade...
Gold stocks just ended the week at a new 2019 high, while gold confirmed its breakdown in the most important – weekly closing price – terms. Who should one believe? Are gold miners leading gold higher just like it was the case many times, or “this time is different...
Gold and gold stocks especially continue to shrug off bits and pieces of bad news. No escalation in the trade war? The selloff lasted one day and the sector rebounded strongly the following day. Strong headline jobs number? Again, the weakness was a buying...
Last week, we looked at the idea of a national balance sheet, as a better way to measure the economy than GDP (which is production + destruction). The national balance sheet would take into account both assets and liabilities. If we take on another $1,000,000 debt...
I can no longer count how many times I have been told that “squiggly lines cannot predict the market.” Yet, anyone who has tracked us over the long term knows how successful we have been at predicting many major market turns and targets with these “squiggly lines.”...
Gold has exploded higher over the past few months, but how high can gold really go? Gold has exploded higher over the past few months, but how high can gold go? Not a day goes by, without hearing about "buy gold".
