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Gold Editorials & Commentary

November 13, 2016

I think this election has made people go nuts. Not only have people gone over the deep end when it has come to politics, but I think people have gone over the deep end regarding the financial markets.

As the price of gold and silver came down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we analyze sufficient signals in the charts to make a make a call about the future price of gold...

Many are the analogies one might make to describe Gold's -8.9% decline from the week's high of 1338, down through the whole 1280-1240 support zone to the week's low of 1219, in turn momentarily penetrating the rising 300-day moving average at 1222.

As I expected, not much happened in the market until the election. The Dow Jones Index remained in the box it found itself in since early September, until last Friday when it broke down 4% from its last all-time high. Then on Monday the stock market began a week...

Gold sector is on a major buy signal but short term sell signal. Cycle is down. Trend is down. Correction continues.Silver is on a long-term buy signal. Short-term is on sell signal. Silver is more volatile than gold, manage your risk.

Bonds – this past week suffered one of the largest weekly selloffs in decades. After finally reaching negative rates in much of the world, has the 36-year bond bubble finally popped?

November 12, 2016

Gold prices rallied off 3-week lows in Asian and London trade Friday, bottoming over 7% below Wednesday's US election results' spike at $1251 per ounce as European stock markets ended their 'Trump bump' rally and fell with emerging-market equities.

HSBC, is projecting gold to rise to $1,500 an ounce, since the 'real-estate magnate' triumphed up from behind in the election results. It is protection against everything!

Cost cutting curbs gold mining despite price jump, scrap supply +18%... Gold Mining output "is plateauing" at record levels according to leading data analysts, but total supply has risen in 2016 as scrap recycling jumps on this year's price rise.

What a week! Markets were wild and materially moving, beginning Sunday evening in the futures market and not really calming down until Friday. I remain in cash waiting for setups, which are starting to form now. I knew the election would create massive volatility....

November 11, 2016

There's a lot going on in the world - from Trump being elected in the US to turmoil in the Middle-East, the China Sea and Turkey, Russia is flexing it’s still considerable might, North Korea’s flinging it’s nukes helter-skelter, Japan’s rearming, disease runs...

Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world. Equally if not more surprising was the subsequent days’ market reaction. Stock markets, gold, and gold-mining stocks did exactly...

There is critical information in the first 45 seconds of the Donald Trump campaign video below. Now the election is over, and this nonpartisan analysis is not about campaigns, politics or who should have been elected - but some absolutely fundamental changes that...

It is no secret that people do not like uncertainty. By nature, humans are generally creatures of habit—preferring stability and safe outcomes. This is especially true when it comes to financial matters.

Volatility in gold and silver has been on full display the past 24 hours. As the US presidential election approached this week, gold declined $30 to $1275/oz on the prospect of a Clinton victory.

There are more Trump Towers being erected by certain indexes (ref. Uncle Buck’s pants tent noted yesterday in an HUI update). As an aside, say what you will about the man, but the name and the persona are a natural for we financial writers and others not tasked to...

James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold.

Financial markets are becoming absolutely giddy with delight as they are now firmly looking beyond their “dark night of captivity” to the Obama administration’s growth killing regulatory scheme with all its oppressive mandates to a “new morning” of a business...

November 10, 2016

They’re calling it the Great Revolution, and rightfully so. Donald Trump’s earth-shattering victory over Hillary Clinton on November 8 must surely rate as one of the greatest political upsets in US history. It stretches the mind to recall the last time a true...

As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the...

Dedollarization And Uncertainty Drive Central Bank Demand For Gold. Central banks added 81.7t to their gold reserves in the third quarter. Total central banks purchases in the year-to-date reach 271.1t. Fellow-SCO member Kazakhstan and Belarus also had to holdings....

In early October when the pollsters were all busy proclaiming that Hilary was going to win, we stated in an article titled Mass Psychology states Trump win Equals stock market buying opportunity that from a financial perspective a Trump win would present an...

I know some of you are wondering why I didn’t post many charts today. The reason being, when there is extreme volatility one can get whipsawed to death getting caught on the wrong side of the whipsaw. My experience has been to let things settle down for a day or two...

A Trump US presidential victory signals US$1,500 an ounce for gold and US$24 for silver in the intermediate-term. Trump voters have now injected an unprecedented level of uncertainty into global financial markets. Investors prefer clarity, and until President-elect...

November 9, 2016

The Trump victory was expected by us, but to be honest, it took my breath away with a certain dash of surprise. At an hour past 2am, I could not break away from the TV set, wanting to see the final result. I actually covered my eyes and had empty tears with joy.

Gold Surges 5% After America Votes Trump President. Gold surged over 5% – from $1,270/oz to $1,335/oz prior to profit taking. Gold jumped to its highest level in six weeks on early reports that Trump had won the race to the White House; Largest gains since Brexit...

Gold prices have dropped from $1,340 an ounce in September to as low as $1,250 late last week. This is largely due to forecasts of a rate hike by the US Federal Reserve. But the sharp drop in gold began to reverse on Monday. The gold price rose by more than $25 in...

November 8, 2016

During the third quarter of 2016, global gold production dropped by 0.5%. Miners brought 846.8t onto the market versus 851.2t during Q3 of 2015. While this isn’t a huge decline, it marks the second consecutive quarter that gold production was down versus the...

The corrupted Republican and Democratic parties in the US have put forth two of the most despised candidates – ever. One candidate is probably more corrupt than LBJ - and both parties are rapidly losing credibility. Ask yourself, does either party speak for anyone...

Gold is vulnerable. It’s technically overbought…and a developing top pattern is a concern. The $1305 - $1320 resistance zone is significant, and in my professional opinion, the rally to the $1380 area was not big enough to turn that resistance into support. I’m...

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