So Mr. Tsipras has sold out his countrymen. He called for a referendum fully expecting a "yes" only to receive a resounding no vote. No matter though, what was already "planned" has already gone forward to kick the can down the road. As overwhelming as the...
Gold Editorials & Commentary
July 15, 2015
While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico.
The sheer size and importance of China’s equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country’s stock markets is $14 trillion and change. Or at least it was, before they fell 30 percent,...
Any editor, analyst or commentator who claims that a “Greek bailout deal has been reached” is lying. Greece has NOT reached a bailout deal in any way shape or form. What DID happen was Greece’s Prime Minister agreed to try and push a new austerity program through...
Over the last few years, we have heard much about the metals being manipulated, especially by the Fed. Two weeks ago, Gold-Eagle published an article of mine which addressed much of the manipulation argument.
Whilst all eyes in the West were on Greece as its marxist Syriza government played game of thrones with the Greek people’s lives as they black mailed the Eurozone, the Chinese stock market crashed, collapsing by over $2 trillion into a BEAR MARKET sending over 200...
Western countries are increasingly displaying symptoms of instability as described by Nassim Taleb, the author of the The Black Swan, even since the publication of an essay written with Gregory Treverton entitled “The Calm Before the Storm.”
July 14, 2015
Gold reached a low of 1150.10, in yesterday's day session before recovering to almost unchanged on the day. Our best bullish count remains that a major low is in at 11462.20 and that we are starting higher in either wave -d- or wave -iii-.
Most gold analysts think that gold is in a bull market, or a bear market. They use charts and US economic reports to try to prove that the gold price is ready to move substantially higher or lower. In contrast, I’ve argued that the world gold market is in a state of...
Gold prices continue to remain under pressure after hitting a four-month low on Friday, as the dollar tumbled against the euro on signs of renewed optimism that Greece may secure fresh funding from its’ European creditors.
Gold finished last week down $3. It is down for the month and for the year so far. No matter what geo-political or financial disaster seems to be thrown at it, it still seems to continue on a steadily bearish course. Consequently, we expect Gold to fall during July...
Something quite interesting took place on Friday last week. The U.S. Mint updated its figures showing sales of its Gold Eagles surged to a level not seen for more than a year. Sales of Gold Eagles have been strong ever since the financial turmoil in Europe...
Capital controls have been in place in Greece since the start of the month to protect the banks from mass withdrawals by nervous Greeks. They have rightly been concerned about their savings, the collapse of the banking system and the loss of their savings in deposit...
There are numerous Economic truths. One of these is that, in a Free Market, interest rates are set by borrowers and lenders based on each group’s perceptions of the urgency of their need to take action.
July 13, 2015
Reality set in for investors last week: Tremors are shaking up the global markets. A “no” vote from the Greek referendum last Sunday, the vast stock market selloff in China, and the volatile movements in the price of U.S. crude oil have made it clear the worldwide...
“History doesn’t repeat itself but it rhymes” the saying goes. If this is in fact true, and what has happened before might imperfectly repeat itself in the future, this might be used in financial markets. But how to use it exactly? Is there a way to get clear...
In my King World News interview published on July 12, I stated that the Troika and the US will do whatever they can to keep Greece in the EU. To let Greece leave would be the final nail in the European Union coffin. That would start the dominoes of Italy, Spain,...
Gold maintained its rebound from a three-month low on concerns that economic risks in China and Greece will prompt the Federal Reserve to delay raising interest rates. Swiss gold flows counter reports of slackening gold demand. Despite the weak gold price, Swiss...
In the last article "An indication of PPT failure", many readers wrote in and either asked what the various acronyms were or admonished me for using so many without explaining them. I will try in the future to assume the reader does not know what we're talking...
In this Weekend Report I’m going to show you some more of the same precious metals stocks we’ve been following as more are joining the impulse move to the downside adding confirmation. Unlike the US stocks markets that have been trading sideways since the December...
Last week, we concluded with this: “So now, for the first time in about two years, the fundamental price of silver is above the market price, about $0.35 over. Unless you really like to trade the bleeding edge of a signal change, you may not want to jump in here....
Greece continues to dominate the market action. What happens this weekend could shed a little more light on the future short-term trend.
The situation is paradoxical – the charts of just about everything are positioned for a plunge – or a turnaround and limited recovery, which reflects the fact that markets are waiting on some sort of resolution of the standoff with Greece, either Greece walking away...
July 12, 2015
What started out as typically sluggish summer week quickly morphed into an extremely eventful one. In just the last five days we witnessed the intensification of the Greek debt roller coaster, the bursting of a mini-bubble in Chinese equities, a temporary shutdown...
U.S. Stocks have declined sharply from the first Hindenburg Omen observation on June 10th, which was one day after the most recent Bradley model turn date, which was a major turn date. Interestingly, China’s stock market topped on June 12th, only one day after the...
But, oh gee, what does Gold really have in common with Greece? Both have thwarted the will of their investors, Greece's in a sense being those who voted "No" barely a week ago. 'Course, 'tis the lenders who in effect are the real investors. And Greece in a 180° 11th...
Two months ago I wrote an article on our lackluster market, how the post credit crisis bull was slowing down. Reasonable people understand that the stock market can go down as well as up; so after a six year run that pushed the Dow Jones up 180%, maybe it’s time to...
July 11, 2015
Stocks are rallying today because of: Hype and hope of a Greek deal. China has stopped trading of 49% of stocks and threatened to arrest anyone who is short-selling the market (talk about a backstop!)
Gold’s weakness is related to the commodity trade at the moment. It is suffering from a combination of the weight of the collapse in energy and metals (and other commodity) prices, a firm dollar that won’t last, and the general absence of expected panic on the Greek...
Between the NYSE computer issues, Greece and the Chinese making up rules as they go, there is just too much risk. Half the battle is saving your powder for the easy money…and it will come. To be sure trying to trade this type of action that sees huge gaps...
