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Gold Editorials & Commentary

December 11, 2018

Two months ago we warned of October being the month markets have been known to go bump in the night – 1907, 1929, 1987, 1997, 2007, 2008. Sure enough, on October 2 the Dow Jones Industrial closed at 26,828. By the end of the month, it stood at 25,115 – down over...

Jim Cramer of CNBC fame likes stocks. On Tuesday, October 23, before the DOW collapse of 608 on Wednesday, October 24, CNBC reported: “Cramer advises patience, not panic, saying don’t dump stocks in this sell-off.” [Dow 10/23/18 – 25,191. Dow 12/10/18 – 24,423.] “He...

Someone asked recently how many times I had “crossed the pond” to Europe. I really don’t know. Certainly dozens of times. It’s been several times a year for as long as I remember.

This past week was quite interesting, as well as volatile. On Monday, we had a huge gap up right into the initial resistance region we had on our charts in the 2810-15SPX region. In fact, the futures struck a high of 2813ES, and then turned down.

I would like to show you some charts from the PM complex we haven’t looked at in a long time. Some of these charts will look familiar to some of our long term members as they were very helpful in the past to help us figure out what the PM complex was up to.

December 10, 2018

The Baby Boom generation may be the first generation to leave less to their children than they inherited. Or to leave nothing at all. We hear lots—often from Baby Boomers—about the propensities of their children’s generation. The millennials don’t have good jobs,...

Gold is heading for its best close since July as investors are betting on whether the Federal Reserve will continue its rate hike cycle, and as the Treasury market flashed a warning sign early this week, writes Bloomberg. Kunal Shah, head of commodities research at...

Apart from a 2-week period around the middle of the year, my Gold True Fundamentals Model (GTFM) has been bearish since mid-January 2018. There have been fluctuations along the way, but at no time since mid-January have the true fundamentals* been sustainably-...

As we are watching the US and global markets rotate dramatically lower over the past few days, we have been advising our members that we believe this rotation is an over-reaction to economic impetuses and trade issues – not a massive downside price break.

Gold acted as a safe haven last week and is again acting as a safe haven in December. It has performed well despite the rout in stocks in Ireland and globally. U.S. stocks including the S&P500 and Nasdaq were down nearly 5% last week, while gold was 2% higher...

The bull market turns 3,560 days old as of last Friday. It's the longest period of uninterrupted stock gains in Wall Street history.

December 9, 2018

This market has been a real bear, lately! (Forgive the pun, but is it really one?) While we do not have absolute confirmation that we have started a bear market -- and won’t until we begin to decline in earnest below 2604 -- all the evidence points to massive...

Would you go down to the railroad track and stand in front of an oncoming express train? Probably not, yet that is what many investors are doing, metaphorically speaking, by remaining long the stockmarket at this time.

Over the past week, the gold and silver prices have held up rather well compared to the overall markets.  While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it seems that the...

Let's begin with this from the "You Hoid It Here Foist Dept.", or likely so: per the above Gold Scoreboard in price settling out the week yesterday (Friday) at 1254, Gold to this point of the year is now higher than 'twas at this time in each of 2017 (1249), 2016 (...

What a week for Mr Bear! Oh, the Dow Jones Index closed 9.09% from its last all-time high of October 3rd. That by itself isn’t a concern of mine. As seen below, since last January the Dow Jones Index has seen lower levels in the BEV chart.

December 8, 2018

Our proprietary cycle indicator is up. Gold sector is on a major sell 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. 

Listen to what gold is saying. It’s not deflation that we have to worry about. We’re about to enter a multi-year period of rising inflation. Seriously did you think years of QE weren’t going to have consequences at some point.

Until the arrest of Huawei’s CFO in Canada at the request of the U.S., I was becoming more neutral to bullish on Gold. The G20 meeting was a complete waste of time in that nothing really changed. There was no agreement on the substantive issues, and certainly not in...

The macro has moved through a time of moderately rising inflationary concerns when economies were cycling up, many commodities were firm and risk was ‘on’. Contrary to the views of inflation-oriented gold bugs, that was not the time to buy gold stocks.

December 7, 2018

It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well-known websites in the entire industry and has been covering the precious metals for a decade now, and he puts out some of the best analysis...

In recent days we’ve seen the beginnings of an inversion in the yield curve. The 2-year yield and the 5-year yield have inverted but not yet the 2-year yield and the 10-year yield, the curve that is watched most. However, “2s and 10s” as bond traders would say...

The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the...

Here are today's videos and charts:

Trade wars and lax fiscal policy are negative for the US dollar and positive for gold. Myth or fact? We invite you to read our today’s article about the effects of Trump’s actions on the greenback and find out whether weak dollar will save gold.

IRELAND’S Central Bank has refused to say if it plans to move almost €200m worth of gold bars from the vaults of the Bank of England as a result of Brexit, insisting that any such move would be “commercially sensitive”.

December 6, 2018

The price of palladium just exceeded the price of gold for the first time in 16 years. That’s an epic even. But what does it really mean? And why should gold, silver, and mining stock investors care about the small palladium market?

Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark?

If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic.  Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump,  Larry Kudlow or China, ...

Recently, one of my members was in attendance at the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands went up.

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China has only 2% of its Total Foreign Reserves in gold.

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