It was the late 90's and I was graduating from high school and at that time the US dollar and stock market were quite strong as we were in the midst of the dot com bubble. Looking over the charts with my Dad who was a trader since the 30's we saw a complete lacking...
Gold Editorials & Commentary
June 3, 2018
For all things Trump-affective going on out there, from Trump Tariffs, Trump Kim, Trump Putin, Trump Thumbs Up with the Wall, Trump Thumbs Down with Taxes, to all things otherwise-affective across the geopolitical and economic spectrum -- the list for which is both...
While gold’s immediate trend remains uncertain in the face of U.S. dollar strength, the metal does have at least one important ally: the gold stocks. As I’ll argue here, recent internal improvements among several actively traded mining shares could serve to...
June 2, 2018
Our proprietary cycle indicator is up. Gold sector is on major buy signal since early 2016. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal.
June 1, 2018
Here are today's videos and charts.
The great majority of market participants believe that "the fate of markets is inextricably intertwined with the ebb and flow of geopolitics." So, if I share with you “secret” news that will hit the wires next week, you should be able to make a killing with such...
One week ago today, I made the following commentary: "Finally, I am officially revisiting the "volatility trade" (VIX: CBOE Volatililty Index) but unlike February where I used the UVXY (ProShares Trust Ultra VIX Short) as my proxy for the increase in volatility, I...
May 31, 2018
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but...
As we move into the annual summer market slowdown, we thought a departure from our usual rendering of charts, tables and numbers would be a refreshing change. "Mphm!" is the result.
Featured is the weekly gold chart. The green arrows point to ‘upside reversals’, developing after price dropped below the 50WMA. The blue arrows point to a positive follow-through, following an upside reversal. A similar situation back in December enabled gold to...
Serious gold investors know that May has historically been a weak month for the price of the yellow metal. For the 10-year and 30-year periods, the month delivered negative returns. The general decline in enthusiasm comes before the late summer rally in anticipation...
PRIVATE INVESTOR interest in gold has collapsed in 2018. Any dealer tells you otherwise, they're lying. What began as a Trump slump for US gold coin sales in 2017 has now spread to retail gold bar investing demand in UK and Europe.
May 30, 2018
Every day, MoneyWeek's executive editor John Stepek and guest contributors explain how current economic and political developments are affecting the markets and your wealth, and give you pointers on how you can profit.
The western world has ignored economic realities for decades. It’s not a Republican or Democratic problem. Banking, power, fiat currencies, dishonest money and transfers of wealth are the issues. The consequences of ignoring reality are uncomfortable and dangerous....
What is the outlook for the global economy, financial markets, crypto currencies such as bitcoin and gold and silver bullion in the digital age?
May 29, 2018
Mike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report, and regular contributor to MoneyMetals.com.
David, thanks for joining us again, how are you?
The next Fed rate hike is only about two weeks away, and another ramp-up in monthly quantitative tightening is scheduled for the end of June.
The best performing metal this week was platinum, up 1.50 percent on expected Chinese demand for the metal, where demand for heavy-duty emission legislation will come into play by 2020. Bloomberg’s weekly survey showed that gold traders and analysts are divided on...
Have you ever heard someone say this? It falls into the category of, it’s so perverse, so wrong, and so wrong-headed that there has got to be a constituency out there somewhere, to assert this!
The 12th edition of the annual “In Gold We Trust” report titled “Gold and the Turning of the Monetary Tides”, has just been released by Ronald Peter Stoeferle and Mark Valek of Incrementum AG. The report’s Leitmotif of the turning of the tide refers to three ...
May 28, 2018
For those that are familiar with American football, you would likely understand the strategy that the team that controls the clock usually controls the game.
What I am saying is that the 2700 level must hold if we are not to witness another spell of weakness before the correction is over. If the congestion pattern which has been created between that level and 2740+ (the 10X P&F chart is built on 10-point increments...
May 27, 2018
The month of May still has a few days to go before, as is generally assumed, action will return to the markets when the calendar turns to June. It is not known whether the widely held view that the month of May is a time of lackadaisical markets can be justified by...
There was a particularly interesting article from Peter Tenebrarum of The Acting Man blog posted in the GATA forum earlier this week that is probably one of the best summaries of technical conditions for gold which included a really good assessment of sentiment.
Large precious metals speculators continued to decrease their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Clearly our theme month-to-date has been how poorly gold has proven itself to be over many a May past, price having not sported for any of them a net gain of even just 1% since 2010: Gold's average net change for the past seven Mays is a paltry -2.9%. Now with just...
May 26, 2018
Gold and silver both ended the week up 0.93% and 0.61%, as many stock indices falling and ‘risk off’ sentiment returning.
I’ll try to keep things simple with this recap of the 3 of the 5 major food groups (leaving aside commodities and currencies) for investors. No confusing you today with too many inter-market ratios, overly technical language or cute metaphors like the 3 Amigos (...
You people know me. You have, over the years, grown to know me as a “Fighter of the GOOD FIGHT”, albeit it flawed and certainly vulnerable to all sorts of criticism whether warranted or not. For years, I have been writing “Gold and Gold Miners” as an emotional and...
Our proprietary cycle indicator is up. To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term ...
