Central banks must be increasingly aware that critics of monetary policy are getting some traction in their arguments, that not only have monetary policies failed in their objectives, but they are creating counterproductive economic distortions as well. Chief among...
Gold Editorials & Commentary
February 9, 2017
Our monetary unit is now a mere ‘digit’ in the computer screen, Mr. Trump. This ‘digit’ ($) floats and fluctuates against all the other ‘digit’ currencies on our planet continually. Are you aware of this reality, Mr. Trump? In addition to the ‘nature’ of our...
A long time ago and far, far away outlaws raided a village and stole food, gold and women. The angry villagers could do little to protect their village except pray to their gods. A large and fearsome dragon descended into the village square answering their prayers....
The inflation drumbeat has grown more insistent lately, stoked by Fed blather about raising rates to prevent the economy from overheating. Yeah, sure. I’m not buying any of it, particularly statistics that purport to show inflation even in Europe. An epic deflation...
The carnage continues in the U.S. major oil industry as they sink further and further in the RED. The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or capital expenditures. The...
For the love of gold, (Don’t) put a ring on it, Is gold jewellery going out of fashion? You’ll never get what you paid for it, Devaluation: Synthetic diamonds, 3D Printing and Rise of the machines, Buy gold – No one has cracked alchemy, Give the gift of real gold –...
Over the years, I’ve written a number of articles regarding why I prefer physical gold and physical silver over bitcoin (BTC). I believe in monetary competition, however, and believe that different forms of money should be allowed to compete, because the best form...
February 8, 2017
Short positions continue to be justified as crude oil declined and came back to the previously-broken orange support line, which suggests that we'll likely see an invalidation of the breakout above it in the coming day(s). This scenario is also supported by the sell...
The US Dollar Index has fallen below the psychological 100 level, while 2-year and 10-year US Treasury yields remain above multi-year support levels. This is despite the Federal Open Market Committee keeping the Federal Funds rate steady at 0.75% on Feb 1, 2017.
If the road to hell is paved with good intentions, American’s exorbitant privilege might be at risk with broad implications for the U.S. dollar and investors’ portfolios. Let me explain.
Top earners have traditionally been attracted to municipal bonds for their tax-exempt status at the federal and often state and local levels. In the wake of President Donald Trump’s stunning upset victory, however, muni investors were forced to readjust their...
January was the worst month for European government bonds in history with all the bonds blowing out. TCW, the US asset manager that runs world’s largest actively managed bond fund, has eliminated its exposure to Eurozone bank debt over fears these lenders are “...
Russia’s massive and increasing gold bullion reserves are kept in tightly-guarded locations across Russia due to the fear of sanctions and the ‘unpredictability’ of Donald Trump according to The Sun and Russia Beyond The Headlines.
February 7, 2017
As the majority of the metals market seems to be awaiting a “pullback,” the metals market, like the equity market, has been quite stingy. But, as I noted in my mid-week update, “by no means am I going to say that I “expect” more of a pullback to be seen, as the...
Yet another “unmassaged” data point has shown that the US economy is rolling over. If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP growth, unemployment, inflation, etc.) is massaged to...
I have a great number of friends that pride themselves on being "technical analysts" and many of them are actually very good, especially the ones that are students of market history and even more so the ones that are "old" and by that, I mean "older than me." I love...
With each passing day, both the technical price action and the news flow are getting more positive for gold. Gold has also surged through resistance at $1220 and is making a beeline towards my $1250 target zone.
Gold was higher in yesterday’s day session, reaching a high of 1237.50. In the overnight session we seem to be undergoing a small correction with the current low of that correction being 1229.50, at the time that this Post was being written.
It’s late Monday night and April Gold has stolen up on the 1237.70 ‘external’ peak (see inset) that I wrote here yesterday was crucial to the short- to intermediate-term picture. The so-far high has precisely tied the peak, but it would be hard to imagine the...
That didn’t take long. After little more than two weeks, President Donald Trump’s honeymoon with Wall Street appears to have been put on hold—for the moment, at least—with major indices making only tepid moves since his January 20 inauguration. That includes the ...
-Gold prices rising & up 6.6% YTD. -Signal “impending market volatility”. -World has never been more uncertain (see chart). -Fear in Wall Street versus Fear in Washington. -Price of ‘plunge protection’ rising even as VIX remains low.
February 6, 2017
The gold/silver and platinum/gold price ratios determine the relative value of the precious metals -- and are useful parameters in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).
This January, Donald Trump became the 45th President of the United States. His Presidency brings with it uncertainty and chaos, and if the first couple of weeks are anything to go by, the only certainty will be chaos. The one thing the markets hate, above all else,...
The best performing precious metal for the week was gold, followed by silver, with a 2.03 percent gain. Nearly $1.6 billion went into the 10 precious metal-backed ETFs that have attracted the most money in January, reports Bloomberg. Frankfurt-listed Xetra-Gold...
This is the 3rd piece on gold that highlights how unloved gold remains today. Considering the 2016 rally in gold and the turbulent times we now find ourselves in, to be honest I’m rather surprised there are not significantly more gold traders all over this market...
London’s gold bullion market, which is centuries old, is said to be seeking transparency with plans to reveal how much gold bullion is held in vaults in and around London city according to gold bullion banks. These include gold bullion bars held and controlled by...
Last week the prices of the metals went up, with the gold price rising every day and the silver price stalling out after rising 42 cents on Tuesday. The gold-silver ratio went up a bit this week, an unusual occurrence when the prices are rising. Everyone knows that...
If you are going to trade the commodity sector, you had best follow the USD, which is why I do. If I am correct that the USD’s longer 15 Year Super Cycle is toping in 2017, then the CRB will be a fun sector where we will focus.
After Monday’s sharp drop, SPX held at an important short-term support level and rallied after the jobs report came out on Friday. This move is essentially a test of the high, but it could expand into more distribution which might even see new highs before a...
February 5, 2017
Gold has always been some sort of insurance policy against inflation as it usually is the first (and main) reason why investors want to have exposure to the yellow metal. Unfortunately markets always tend to behave a bit irrational and even though the money supply...
