Here are today's videos and charts.
Gold Editorials & Commentary
July 5, 2019
Ladies and Gentlemen, it has finally happened! The current expansion already goes on for 121 months, becoming the longest economic boom in the US history. Should we celebrate now? Or should we worry, as all good things come to an end, and whatever lasts long, ends...
There are growing signs that the global economic slowdown is for real. As was the case in 1929, the combination of the peak of the credit cycle coupled with trade protectionism in the Smoot-Hawley Tariff Act are similar conditions to those of today and potentially...
Gold’s incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners’ stocks. With traders’ attention diverted to vacations and summer fun, interest in and demand for precious...
Given the performance of my beloved Gold and Gold Miners in the past month, could there have ever been a more fitting word describing our sector than in the word "mettle"?
"Following the money" can be a good way of unraveling complexity. Sometimes what the technical jargon is covering up can be as simple as Insider A handing money over to Insider B in massive quantities - and when we understand that, our whole perspective can change...
July 4, 2019
The last few weeks for gold trader has been really exciting. Let face it, metals are starting to out perform us Equities late in a US stock bull market and we all know what that means. If you don’t know what I mean check out these charts!
July 3, 2019
The growth of the US money supply has slowed down! We invite you to read our today’s article about the sluggish American monetary inflation, and find out whether it signal the upcoming recession and good times for gold.
The gold and silver markets rarely get much love on Wall Street and from the average investors who only listen attentively to what CNBC and stock brokers have to say.
A few years ago, we wrote the salient article on the subject of derivative supply and demand on Comex. Given the recent price breakout and sentiment change, it's likely a good idea to re-visit this topic today.
When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update...
City One: Debtapolis: In this fictional world a financial genius and his offspring executed a brilliant plan over several centuries. The government authorized his bank to create and print paper money, backed by gold or silver.
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I’d expected another two weeks of corrective action myself after bullion’s impressive run-up in June.
– Some gold buyers and investors in online gold platforms are “having difficulty getting their gold … and their cash” – “Hearing more and more unfortunate stories and I will not mention names” – Jim Willie
July 2, 2019
Donald and Xi have confirmed their true and everlasting friendship now. Trade wars are over, it’s all rainbows and unicorns - and investors do not need safe havens anymore. Right? The celebratory mood feels great but let’s find out what the trade truce really means...
Major fundamental processes and events create the large chart patterns seen on the monthly charts. It’s important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally.
Recently, the Winklevoss twins (who founded the Gemini crypto exchange) coined Bitcoin as ‘Gold 2.0.’ To support their perspective, they cited Bitcoin’s scarcity, its fungibility and its portability as meeting or exceeding that of the yellow metal.
This past weekend was full of exciting news and information. Combine this with the strong US economic activity, the potential for some type of reprieve in the US/China trade issues and the historic meeting in North Korea between President Trump and Kim Jun Un, and...
July 1, 2019
Last week, we discussed the fundamental flaw in GDP. GDP is a perfect tool for central planning tools. But for measuring the economy, not so much. This is because it looks only at cash revenues. It does not look at the balance sheet.
Fans of the improvisational comedy program Whose Line Is It Anyway? may recall host Drew Carey describing it as “the show where everything’s made up and the points don’t matter.”
The time has been creeping down to the end of the half year. The price of gold has dipped down to $1400 and recovered to first hold around $1405. As the last trading day of the half year passed from east to west, the price even improved briefly to $1420, before...
As I pen this article, gold is set to close the month and the quarter above $1400/oz and is holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.
I have to be honest and tell you that I am literally chuckling while I write some of my articles. My last gold article was one where I was certainly chuckling while writing it Yet, I cannot tell you how many other “analysts” across the internet took me to task for...
The short-term top anticipated in the last newsletter did not disappoint and SPX retraced fifty-two points, assisted by the minor cycle which was due to make its low last week, and arrived on Wednesday. It is important to note that a similar cycle only caused a pull...
June 30, 2019
Every bull market advance eventually sees its last all-time high. No one rings a bell when it happens, but from that point on things begin to change for the worse for the bulls.
Two weeks ago Gold ~finally~ surpassed the long-sought level of Base Camp 1377: check off that milestone box! Then during this past week, Gold met (per the above opening Scoreboard) our "conservative" forecast high for this year of 1434: check off ~that~ milestone...
June 29, 2019
It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout –...
Here are today's videos and charts.
Our proprietary cycle indicator is up. 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 major breakdown is in progress for the USDollar index. It has broken its intermediate uptrend which began in April 2018. Eighteen months of official rate hikes and tremendous hidden activity with derivative bond purchases, which obscure the absent USTreasury Bond...
