Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months.
Gold Editorials & Commentary
January 27, 2016
A reader recently sent me these charts. I do not know who put this collection together to give credit to but I do want to say these charts pretty much tell the WHOLE STORY! Please note each graph has grey shaded areas which identify recessions. What we need to...
In June 2015 I posted my forecast Shanghai Stocks Sink: Déjà vu 2001 & 2007…All Over Again – which accurately predicted the horrific rout in China stocks during the following seven months (to date). Specifically, stocks were dumped au masse in China’s major...
January 26, 2016
Assuming that the gold rally holds, we should expect higher prices in CRJ and maybe ABX. We are not sure about Kinross. CRJ (Claude Resources) is our bell weather gold stock, and it’s been performing like a stallion over the past few days, and over the past year...
Well, I may not have had “much” to say yesterday, but I SURE DO TODAY! My god, have the “horrible headlines” multiplied in the past 24 hours (it’s early Tuesday morning), which the following two pictures summarize perfectly – in spades.
Suppose you had a printing press in your basement along with a supply of perfect paper. You could slip down to your basement and print a batch of perfect $100 notes or 500 euro notes, but only in an emergency.
In a recent blog post, Martin Armstrong wrote: “This constant attack on central banks is really hiding what the problem truly is — government. When the Fed was created, it “stimulated” the economy by purchasing corporate paper.
The gold price rally is accelerating. That’s the four hour bars gold chart, and the price action is solid. Gold has broken out to the upside, from a second inverse head and shoulders bottom pattern. After a sharp pullback to the $1100 - $1108 area, gold should move...
The carnage always comes by surprise, often on an otherwise ordinary Saturday morning… The government declares a surprise bank holiday. It shuts all the banks. It imposes capital controls to stop citizens from taking their money out of the country. Cash-sniffing...
Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the...
The odds that the gold price has bottomed have increased significantly over the past month. When gold first dropped below key technical support at the 2015 low of $1,072 in late November, I initially turned bearish. After all, this breach of support brought gold to...
The US dollar has appreciated more than 1.7 percent against the euro this year so far. Despite this appreciation, the London P.M. spot price of the shiny metal has risen 3.4 percent in January so far. It means that other factors have to explain the rebound in gold...
Hugo Salinas Price, Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, writes today that gold will soon return to its traditional role in the international monetary system.
January 25, 2016
The best performing precious metal for the week was spot gold, up 0.84 percent. Gold held its ground, despite a second half of the week surge in the broader equity markets. Gold climbed higher as the week progressed on the back of global market turmoil spurring...
The world has yet to fully digest what is currently happening in Japan. Japan is the global leader for Keynesian Central Banking insanity. The ECB and US Federal Reserve began implementing ZIRP and QE after 2008. The Bank of Japan has been employing both ZIRP and QE...
Plunging oil prices, rising market volatility, surging global debt—it’s all beginning to remind some investors of 2008. Earlier this month, billionaire former hedge fund manager George Soros warned of an impending financial crisis similar to the last major one,...
These days, it feels that most of the Central Banks are working for the benefit of the stock markets rather than the economy and its citizens. They are held hostage by a few large financial institutions. Even the recent bounce in the stock markets, was brought about...
January 20th may have been an important intermediate bottom in the stock market, but the bear market is still growling. January 20th was exactly 100 trading days from the August 24th low. The 100 trading low has a variance of +/- 15%. Oddly, the 16 TD low, which...
Intermediate-term rallies in the gold-mining sector can happen during general equity bull markets and general equity bear markets, but on a long-term basis the gold-mining sector trends in the opposite direction to the broad stock market. An implication is that to...
It’s time to check on how the venerable gold-silver ratio is doing since we last spoke on it. A look at the monthly OHLC price over the last twenty years is shown below with its 20 month moving average as well as the line chart of silver.
Markets do not expect any big moves by the Fed. The odds for an interest rate hike in January are only 11.9 percent. Therefore, the U.S. central bankers are widely expected to leave the federal funds rate unchanged at 0.25-0.50 percent.
January 24, 2016
Just over midway through the first month of 2016 and – as reported last week – the trends are still mixed; but a different mix. The precious metals had started the year so bullish, have gone stagnant. Gold is stuck around the psychological $1100 level and silver...
We’re finally seeing the bounce in markets take place. Moreover, we’ve got a good mix of leading stocks which are moving well -- and tend to give the best bang for the buck in these sharp moves in our portfolio now.
After an extended period of weakness during which it exceeded its August low, SPX finally found a temporary bottom and, after a climactic finish, started a counter-trend rally which looks just about complete. It’s now a question or whether this is all we get before...
We start with this from the "Honesty is the Best Policy Dept.", for whilst markets all 'round are lurching about, does Gold not seem a bit docile throughout? Pro-Gold as we are, 'tis dutiful for us to point out that price -- as regularly regressed to the changes of...
The purpose of this update is to define exactly where we are on the market clock, because if we know where we are, broadly speaking we will know where we are going.
The Dow Jones Index managed to eke out an advance last week, but only by 105 points from the previous Friday’s close. The Dow Jones has been under tremendous selling pressure these past three weeks; the first three weeks of 2016. If the current decline is merely a...
January 23, 2016
Critics of today's fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast...
We keep reiterating that one need not be expert, nor even conversant, in reading a chart to be able to understand and appreciate how charts “talk” and reveal very clear information. Opinions are of no consequence, regardless of how strong or otherwise “informed” one...
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long term sell signal and investors should be in cash or short. Short term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
