The SPDR fund tonnage increased again yesterday, and now sits at 967 tons. This is obviously good news for all higher gold price enthusiasts. Gold is attempting to stage a nice upside breakout from a small symmetrical triangle pattern.
Gold Editorials & Commentary
October 18, 2016
All else remaining equal, an increase in the supply of money will lead to a decrease in the purchasing-power (price) of money. Furthermore, this is the only effect of monetary inflation that the average economist or central banker cares about. Increases in the money...
The “Euro will collapse as it is a house of cards” warned Otmar Issing, the founder and creator of the euro in an extraordinary interview on Monday.
October 17, 2016
Just as April showers bring May flowers, plentiful monsoon rains in India tend to drive up demand for gold jewelry among rural, income-flush farmers, who make up a third of the country’s consumption of the yellow metal.
It is finally going to be a make or break earnings season for stocks. This is because the justification for record high stock prices that have been perched atop extremely stretched valuation metrics has been the following false assumptions: the hope that the Federal...
The best performing precious metal for the week was gold, losing slightly less than a half of 1 percent, followed closely by silver with just a 0.78 percent decline. These metals largely stabilized following the prior week’s significant decline.
Our analysis indicated the immediate resumption of the rise in the precious metal stocks, regardless of the manipulation or other actions. Furthermore we are reminded that the big cycle wave is on the upward side of gold and silver, as we have discussed in our...
Wars and rumors of wars are now filling the headlines as listed below with the most immediate top-level rumors of war being created by Russia among its own citizens.
SPX -- as well as other major indexes -- is slowly succumbing to the pressure of bottoming cycles. It’s a mini-battle of the titans with the cycles’ increasingly relentless attack on the reinforced, concrete support-- which should continue into late November. It...
October 16, 2016
Stocks are exhibiting more choppiness and weaker action these days as we move back into earnings’ season. This motivated me to exit stocks. In accord with my chart analysis, I’m in an all cash position once again with not much on the horizon for a couple weeks.
It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which is to say debt continues to increase faster than the productive capacity to...
Yes, 'tis another title of understatement, Gold having just completed its narrowest trading week of the year -- only 20 points between high and low -- a week ago having put in its widest, downside-biased week of the year of 79 points in range. Perhaps "Gold Stops...
The latest COT report shows that speculators continued to close out gold positions at an extremely fast pace. Despite the drop in gold, transparent gold holdings have actually increased over the past few weeks in contrast to what gold did during the 2013 drop. This...
The box in the BEV chart below contains the Dow Jones Index since the first week of September. With the presidential election so near, it’s not surprising the market hasn’t done much of anything as our “regulated” markets are being managed for the benefit of our...
October 15, 2016
Gold investors know that the metal has been under pressure due to expectations of a Fed rate hike in 2016. Many believe that an increase in the Fed Funds Rate would strengthen the dollar and send prices for precious metals lower. This has been a key driver of the...
Gold sector is on a major buy signal. Cycle is down, trend is down. Correction continues. COT data is now favorable for a recovery. Silver is on a long-term buy signal. Short-term is on sell signal. Correction continues but can end soon. Silver is more volatile than...
I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold...
The gold stocks are clearly in correction mode. The large caps (HUI, GDX) have corrected 30%, while the juniors (GDXJ) have held up well in comparison by correcting the same amount. Given a number of factors (the size of the previous advance, the recent technical...
October 14, 2016
Technical Analysis of The Markets Via Videos.
The gold miners’ stocks are suffering from universal and overwhelming bearishness today, with nearly everyone expecting further selling. That’s the natural reaction following this sector’s recent massive correction, which climaxed in one of its biggest daily...
Gold’s recent breach of the key low at 1259.10 low (see inset) recorded in June is worrisome. However, the picture would become still more so if a relapse in the days ahead takes the December contract beneath the 1242.70 low just to the left of it.
Since the NIRP has not yielded the expected results, it could have actually weakened the condition of the banking sector and its ability to expand lending. Consequently, a hot debate about the use of another weapon in the central banks’ heroic struggle with the...
World trade has fallen for the second quarter in a row. The decade of stagnation of industrial production in the United States, Japan, and European Union can be blamed on financial engineering, housing bubbles, war, and recently on destructive monetary policy in QE...
Gold has risen another 1.7% in British pound terms this week and is 1.8% higher in euro terms; and is again acting as a hedge against currency devaluations, Brexit, eurozone and heightened political and geo-political risk in the UK, EU, US and most of the world.
America’s economic condition is truly a “tale of two cities.” Upper middle class and wealthy earners have never been more flush thanks in large part to the record liquidity creation of the last eight years as well as to their financial market exposure.
The selling of gold we saw last week was another desperate attack by the BIS and some central banks, together with the bullion banks, to manipulate the gold market lower. We saw over 40% of annual production of gold being sold last week which is 1,000 tons. The...
October 13, 2016
The correction in the gold and silver stocks and, more importantly for us, the miners ETF (GDXJ) is rapidly coming to a close. Without embarking on a flight of verbosity and overstatement, here in a nutshell is why I see a bottom in the cards—and possibly a solid,...
Because perspective is everything, let’s once again get some big picture perspective. S&P500 is outside the lower fork line (again the Fork being a novelty, but the line being real) but above critical support. Bears would call this an overthrow to the upside...
Without a doubt the most important event of the recent month (or even the recent years) was unexpected OPEC's decision to limit its production to a range of 32.5-33.0 million barrels per day. The agreement reached in Algiers (which is expected to be implemented this...
Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s...
