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Gold Editorials & Commentary
October 18, 2018
For many years, I have been a staunch bull. In fact, many commenters and contributors on Seeking Alpha and MarketWatch were quite vocal regarding how they thought I was crazy back in 2016 for expecting the market to go from 1800 to over 2600SPX, and potentially up...
October 17, 2018
You’ve likely seen the reports: A whopping 44 percent of Americans wouldn’t be able to afford a $400 emergency expense without borrowing it or selling something. That’s according to the Federal Reserve’s findings in 2017. And earlier this year, financial services...
The mainstream media is shocked today to report that the U.S. federal deficit increased to $779B in fiscal 2018. This despite the fact that all of this was projected back in February.
When the market, represented by SPDR Gold Trust (NYSEARCA:GLD), broke down below 117.40, and then followed below the next support in the 114 region, we were hyper-focused on the 109 region. Thus far, that is where GLD has bottomed out (in overnight action). From...
Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they take on a new dimension of scary.
October 16, 2018
When asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" the interest rate structure, now commonly referred to as quantitative...
With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play?
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Iran nuclear agreement,...
SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market?
SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market?
Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday. The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to...
I am certain of death. I am certain of taxes. And, I am certain of tax reform. (Sorry, that was an old tax attorney joke.) However, non-linear financial markets never lend themselves to certainty. Rather, the best we can do is look for clues that provide us with...
October 15, 2018
According to the 2018 edition of the Stock Trader’s Almanac, October has been a “great” time to buy. Once ranked last in terms of stock performance, the 10th month has delivered relatively average returns since 1950. What makes it so attractive is that it’s followed...
It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic...
“You can’t eat gold.” The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing.
“We have interest rates going up at a clip that’s much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control.” Central banks are independent, in theory. But that won’t stop the president of the US from...
I think we have all seen many episodes of fake news in the media when it comes to politics. However, what is even more pervasive is fake news in financial analysis. And, I was urged to write this quick public note to set the record straight.
Sentiment is a funny bedfellow. When the metals market was at the lows back in August, everyone and their mother were again certain that we were going to break below $1,000 in gold. Yet, that exact sentiment is what kept us from doing so, no different than what we...
Thursday last week was a momentous day for the Precious Metals sector with gold, GDX and other índices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stockmarket ...
When I warned to be cautious about the September/October seasonal weakness, I had no idea that it would turn into a 229-point debacle for the SPX. Although it was 110-points short of the January plunge, the timing of this selling spell is a greater cause for...
October 14, 2018
There's something wonderful about waxing eloquent (or otherwise) upon Gold whilst writing from Zürich. Here in the largest of Swiss cities, vibrant as 'tis, one is reminded of common sense, logic and coordination, and revels in witnessing the requisite precision...
With the recent plunge in the S&P500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun? It’s hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week.
The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they’ve ever been and commercials going even more long.
Do you want to see something really ugly? Look no farther than the daily bar chart for the Dow Jones below. Yep, Mr Bear was a bad bear this week! Jeeze Louise, the Dow Jones saw two new all-time highs last week yet closed this week down 5.55% from them.
October 13, 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.
October 12, 2018
Gold has finally caught a bid this week and is up to its highest level since July 31. The fact that the U.S. and China appear to have agreed on a meeting between Trump and Xi on trade issues at the next G20, coupled with the U.S. treasury’s decision not to label...
Here are today's videos and charts.
The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point. There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners’ stocks. They are the last cheap sector in these bubble-valued...
We know, it’s just a symbol. But it’s a powerful symbol of the most severe recession since the Great Depression. Yup, it’s another article about the Lehman Brothers’ collapse. But we really invite you to read it, as we thoroughly analyze the impact on that...
