After a rally into the trend line as expected, the price structure has now completed a five wave rally in wave 'v' pink. Last night the target for a top was set at 1.1782. The overnight high reached 1.1776 and then sold off in a possible impulsive wave structure.
Gold Editorials & Commentary
July 28, 2017
July 27, 2017
I am cautiously bullish with today’s new high in gold and GDX on day 13. Silver also made a new high on day 12 but is still lagging gold out of the recent low. Note that I have used GLD and SLV in my charts today as the price prints for gold and silver on...
August Gold encouraged with an end-of-day reversal that tripped a ‘counterintuitive’ buy signal at 1249.30 (see inset). We anticipated this during this morning’s tutorial session, which you can access in recorded form if you were registered for the class but unable...
On this day before yet another FOMC propaganda event, how can stock futures not be higher - given that, per the well-documented "pre-FOMC drift" manipulation scheme, for the past decade, stocks have enjoyed their biggest gains the days before and during FOMC...
It has been a contrarian trade that has not yet worked out; by that I mean my short position on the Euro and preparation for a firming US dollar. Yesterday the market cheered the supposedly dovish Fed, and USD got smeared again as the world’s counter party paper...
Gold’s medium- to long-term investment case, I believe, looks even brighter. Many unsettling risks loom on the horizon—not least of which is a record amount of global debt—that could potentially spell trouble for the investor who hasn’t adequately prepared with some...
It was a pretty simple inquiry on my part: Mike Maloney predicts the stock market is facing the mother of all crashes—if he’s right, then how long before the average stock investor would get back to even?
July 26, 2017
Phelps vs shark, Mayweather vs McGregor, greenback vs gold? No contest. Gold wins. Eight years after the global financial crash and despite fears of tightening, stock markets are near historic records. So much liquidity was pumped into the market that investors...
The US Dollar Index (DXY) continued to move lower this week having lost another 1.4% from the previous weeks close. This continued move lower came after the DXY had already lost over 8% from the highs that were struck in January. While the Dollar is still getting...
Because the dollar has such an important bearing on everything, especially the Precious Metals, it is timely for us to take a close look at it here after its recent steep drop, for as some of you may have seen, a number of indicators pertaining to the dollar suggest...
July 25, 2017
Gold, silver and the USD Index didn’t do much in yesterday’s trading, but that was not the case with mining stocks. The divergence between gold stocks and gold was particularly visible and the implications are once again particularly important.
Gold continues to flow from the West to the East at a pretty solid pace. The SPDR fund (GLD-NYSE) holdings have oozed down to just 809 tonnes…and done so while the price of gold has strengthened!
After hitting the 161.8 extension up off of the April 18th lows on July 14th The Dow Jones Industrial Average has moved sideways and has traded in a very tight range of less than 1% since that July 14th top. Furthermore, the pattern both up and down off of that July...
Looking back at gold’s performance since 1979, August and September are big months for the yellow metal. What is the cause? No one really knows but there are some theories that have been thrown around.
July 24, 2017
When I made the charts below over the weekend, I had thought I made a mistake regarding the final top in the SPX being 7/20 and changed it to 7/24 based on the astro/cycle reading. As it turns out, it looks as though 7/20 was that top (irregular) and we are not...
“Would I say there will never, ever be another financial crisis? You know probably that would be going too far, but I do think we’re much safer, and I hope that it will NOT be in our lifetimes and I DON’T believe it will be.” – Janet Yellen
Today I want to discuss reports that global debt levels are at all-time highs, and what this means for your investment decisions going forward.
Janet Yellen has confirmed that the US Dollar is going to collapse. I don’t mean a systemic, going to zero, collapse (though one day the $USD, like all fiat currencies will fail). I mean that the $USD is going to drop hard in the coming 18+ months.
Not since launching Portfolio Wealth Global in June of 2016 have I been sincerely bullish on precious metals. Gold is an important commodity. No other metal is suited to be money quite as flawlessly as gold. Many societies have tried and failed to use other systems...
I hate false breakouts. They disgust me, and the entire community despises them! That's why for the entire duration of the past week, we've been checking and confirming this rally from every angle, and I can tell you that the mother of all short squeezes is upon us...
At the end of the week, SPX was ambiguous about its next near-term move. An immediate break-out could take it to the low 1480s, but it’s possible that it will choose to retest 1465 first. The longer-term prospects still point to the ca. 2500 objective before the...
July 23, 2017
“The world in which we live has an increasing number of feedback loops, causing events to be the cause of more events (say, people buy a book because other people bought it), thus generating snowballs and arbitrary and unpredictable planet-wide winner-take-all...
[A close up of a map Description generated with high confidence]
Gold bullion is currently trading at $1,234.77 per ounce, up 0.67% or $8.17 (July 17, 2017). The precious metal slipped from $1,272.80 per ounce on 14 June, on the back of weakness in US...
For those of you fond of the fortnight, gold just finished its fourteenth of the year, with its third-best bi-weekly gain (+3.6%) of 2017; and this most recent week's gain (+2.2%) ranks fourth of the 28 year-to-date, price settling yesterday (Friday) at 1255 ......
I think we need to focus on what is happening to the dollar. The intermediate cycle is now 63 weeks long. Clearly that isn’t normal. I’ve maintained for several years that the end game was going to play out in the currency markets. There has to be consequences to...
July 22, 2017
Our proprietary cycle indicator is down. Gold sector is on major buy signal since early 2016. Speculation is now at a multi-year low.
Precious metals continue to rise and are accelerating now past resistance levels nicely. Consequently, I remain much more focused on leading stocks, which are breaking out, but not those coming out of corrections as the miners are.
July 21, 2017
Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals. As the chart below shows, palladium has been generally cheaper than platinum – its more expensive substitute...
Conventional “Wisdom:” Markets move up and down, but the stock market always comes back. The DOW is frothy and needs a correction, but the stock markets are healthy and big gains lie ahead.
It’s the elephant in the room; the guest no one wants to talk to—debt! Total global debt is estimated to be about $217 trillion and some believe it could be as high as $230 trillion. In 2008, when the global financial system almost collapsed global debt stood at...
