– “Basel III rules (on April 1st) are basically making gold more attractive” as they have a “focus on financial soundness” and more “central banks and banks are going to be buying gold” – The financial expert and former U.S. Assistant Secretary of Housing has long...
Gold Editorials & Commentary
March 14, 2019
March 13, 2019
James Kunstler summarized it perfectly. So rather than reinventing the wheel, here’s an excerpt from his Monday commentary:
The question is not ‘if’ but ‘when’. This is what more and more analysts think about the US recession. We invite you to read our today’s article about the NBER’s recession indicators and find out whether the economic slump is really coming soon – and what it all...
As I now provide analysis to over 5000 subscribers between my services on Elliottwavetrader, The Market Pinball Wizard, and FATrader, I am the beneficiary of much feedback from various segments of the financial markets. In fact, since we have over 500 money manager...
As the fiscal position of the United States continues to deteriorate at the same time that foreign countries are scaling back on their purchases of U.S. Treasuries, many investors are rightly worried about where they can hide from a potential decline in the value of...
March 12, 2019
A year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs “extraordinary measures”...
With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420. Note the superb position of the 14,7,7 series Stochastics oscillator at the...
It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market. To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not...
The World Gold Council has issued quite a few interesting papers recently. In this edition of the Gold News Monitor, we discuss the most provocative ones. Such as the money worthiness of gold compared to Bitcoin. Or the ongoing gold repatriation trend as Romania...
The best performing metal this week was silver, up 0.87 percent and rallying strong on Friday alongside gold. Gold traders were again split this week on their outlook for gold as U.S.-China trade talks remain in the headlines.
March 11, 2019
The gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing gold from the corrupt...
Last week, in Is Capital Creation Beating Capital Consumption, we asked an important question which is not asked nearly often enough. Perhaps that’s because few even acknowledge that capital is being consumed, and fewer tie it to the falling interest rate (perhaps ...
Gold has apparently turned the corner and we were not surprised by the upside move. However, there is more to this than meets the eye. Today, we’ll interpret this upswing, the expectations it carries and set it all in the larger context. Yes, it’s time to discuss...
Stocks extended their short-term downtrend on Friday before bouncing off and closing slightly lower. Investors continued to take profits off the table following the two-month-long advance. Is this a downward reversal or just a correction before another leg higher?...
In last weekend's article entitled, “SPX: New All-Time Highs or Bust?” we discussed an expected powerful resistance level in the S&P 500. Price strength from the December low was nearing an important 76.4% Fibonacci level in its recovery -- the level of 2803.50...
In our February 22nd, 2019 article “A Corrective Decline Approaching within Gold’s Long-term Rising Trend,” we noted that Gold was due for a correction soon. That decline started immediately, taking Gold down almost 60 points to a low of 1,280 on March 7th, 2019.
March 10, 2019
Gold is doing pretty darn well following its 24-week up run having turned down two weeks ago (as measured by the weekly parabolic trend). The two supportive areas to which we've repeatedly referred -- The Whiny 1290s and The Box (1280-1240) -- are thus far doing...
The Dow Jones Index continues correcting, closing this week below its -5%BEV line in the BEV chart below. Time to panic? Well, in a bear market the first loss is always the best loss; meaning it’s best to panic early and sell everything before everyone else does...
March 9, 2019
Summary: Long-term – on major sell signal. Short-term – on sell signals. Gold sector cycle is up, and the recent pullback has found support at the 50/200ema. Maintain positions and stay the course.
The European Central Bank surprised financial markets yesterday with moves to loosen monetary policy. The prospects for growth in the euro zone have dimmed lately, and policy was going to be tweaked at some point unless things picked up. But a change wasn’t expected...
March 8, 2019
Here are today's videos and charts.
The widely-held mega-cap stocks that dominate the US markets recently finished reporting their Q4’18 financial results. Because the tenor of stock markets changed radically last quarter, this latest earnings season is more important than usual. An extreme monster...
The ECB eased its monetary stance. It launched another round of cheap loans to banks and promised to keep interest rates unchanged this year. It means that Draghi will not hike during his presidency. What does it all mean for the gold market?
Gold is no longer the most valuable precious metal! Palladium dethroned it! We invite you, thus, to read our today’s article about that metal and find out what is the fundamental outlook for the palladium market.
China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 billion at the end of January, as...
March 7, 2019
As the old saying goes, politics is a show business for ugly people. Fair enough, but what does it have to do with gold? Let’s jump right in and find out!
The current stock bull market, already the longest in U.S. history, turns 10 years old this month. It’s been a phenomenally profitable time to participate, especially if you’ve stuck to an investment strategy that favors dividend-paying stocks.
It may be too early to say the world is entering a significant economic downturn, but even ardent bulls must admit to it as an increasing possibility. Financial analysts, both bovine and ursine, face a complex matrix of factors when judging the future effect of any...
The recent monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks.
In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket:
