Stocks are on a tear right now… Today, the S&P500 hit a new all-time high. It topped 2,130 for the first time since May 2015. The benchmark index is now up 6.9% over the past two weeks. All good, right?
Gold Editorials & Commentary
July 21, 2016
It is not only in the political world where we are witnessing traditional mores being broken. Ride-sharing Uber for example has challenged guidelines, city mandarins and monopolizing taxi cab companies around the world capitalizing on passengers fed up with poor...
As we went to press, the futures were within four ticks of the 1312.10 retracement target sent out to subscribers Tuesday night. Will this minor Hidden Pivot support hold? Even if it does, we’d still need to see a rally surpassing last Friday’s 1339.60 peak before...
Where have I been? I admit I was cowering like the spineless little weasel that I am…in the Mogambo Secret Temporary Bunker (MSTB), which I cleverly constructed in the living room using an overturned couch and some strategically-placed cushions.
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to...
As the metals market dropped today, I am quite certain the evil manipulators have become the talk of the town once again. No one speaks of them when we are rising, because that is how the market is supposed to move (cough, cough). But, now that we have dropped, it...
The charts below show the stock market going higher into July 29th while GDX goes lower. A few months back I said that I thought the SPX would make new highs ahead…and we are there. My original thought was, it would go higher into early October. The power of the...
For an example of how far we've fallen from the old days of free-range First World entitlement, consider the fact that investment analysts are now judging companies by how well they cater to the needs of the terrified:
July 20, 2016
“Money supply is one of the most basic parameters in an economy and measures the abundance or scarcity of money. Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available...
Something BIG happened in the gold market this year -- and very few investors understand the significance. While precious metal analysts debate whether the huge gold rally since the beginning of the year is sustainable, I am beginning to wonder if certain...
One of America’s most prominent hedge fund managers is betting the farm that China’s economic troubles are far from over. His bet centers around the US dollar and by extension several Asian currencies. What happens to the dollar from here will determine whether...
July 19, 2016
“Perp Bond Thunder” is the new gold price driver in play. Moreover, it has the potential to influence major markets for many years into the future.
We deviated from the usual format of widespread, in-depth coverage of US and global markets, precious metals and commodities in order to focus on two main themes. One was a view of building short-term risks in the gold market [possibly pending new rally highs] -...
Gold has consolidated near the low of the past two weeks following on from its Brexit rally. Having increased by 25% since the beginning of the year, the pause in its rally comes as Barnabas Gan, an economist at Singapore-based Oversea-Chinese Banking Corp observes...
July 18, 2016
The best performing precious metal for the week was palladium, up 4.89 percent. Wage negotiations started this week in South Africa with opening demands including a 15 percent hike for the highest paid employees -- and a 47 percent hike for the lowest paid. With the...
Confidence is slippery, even when you are a metals investor sitting atop the best performing assets of 2016. It doesn’t help when four years of a miserable bear market remains fresh in our memories. Any weakness in prices and it can feel like markets are getting...
There are many ways to gain exposure to movements in the price of gold. The most traditional and conservative method is buying bullion (bars or coins). Investors can also buy gold futures at Comex or shares in gold exchange-traded funds. There are dozens of other...
While CNBC and other perma-bulls claim that the stock market is a great investment today, the smart money is already prepping for a disaster. Goldman Sachs has told its clients to “sell at the new high.” Credit Suisse just told its clients stocks “haven’t looked...
Financial Market Strategists are advising their clients to “buy gold on dips”. “Gold has seen four major bull markets since 1970: this is another one,” Benjamin Wong, foreign exchange strategist at the Singapore-based bank’s Chief Investment Office, said in an e-...
Are you ready for the next leg of deflation? Where the real pain will be felt (mainly) because the collapse of commodities and oil, in particular, will be accompanied by the collapse of the US stock market.
July 17, 2016
Last week, SPX broke out to a new all-time high and extended its move 34 points beyond. Since that level corresponds to a short-term projection, a minor top could develop and bring about the second correction of the uptrend which started at 1992. Unless extensive...
The June nonfarm payrolls came in at a stunning up 287,000, following a revised downward May nonfarm payrolls of 11,000. The surprise number gave way to a ‘wow’ moment, and the stock market soon rallied to new all-time highs.
Inflation is already here. It is in the form of assets the Fed has wanted to inflate. It has not yet shown up in assets the Fed does not want to inflate. The Austrians were right.
On Friday, the DJIA closed at 18516.55 to set a brand new all-time high; this after plummeting by 611 points to 17400 points only ten trading days earlier, when the Brits unexpectedly voted to leave the EU – an outcome that before the referendum was predicted should...
Below we show two charts for the Russell 2000 (RUT) that tell us this is a very important price juncture for this small cap stock index. Prices sit at two critical intersections this weekend: They sit at the top boundary of a large declining trend-channel from mid-...
July 16, 2016
Pretend you’re running a corrupt government and something big and scary happens in another part of the world. Brexit, for instance. You’re quite naturally worried about the impact on your local economy and political system. What do you do?
Our research continues to argue that the current record rebound in gold stocks will continue. Every time we’ve predicted a correction, the weakness in the sector has been only a fraction of what we expected in both price and time. New bull markets that follow epic...
Nice, France weighs heavily and brings home the point, tomorrow is promised to no one. The tragic mass-killing of Bastille Day celebrants in Nice, France may not have been a planned terrorist attack, but its consequences are no less extremely sad and equally...
Gold sector is on a new major buy signal. Cycle is now down. Investors can cost average in at the next cycle bottom. Silver is on a long term buy signal. Short term is on buy signal. However, silver is vulnerable to a multi week correction which is long overdue.
July 15, 2016
Technical Analysis of The Markets Via Videos.
