3 percent – that’s the new IMF global growth forecast for 2019. It’s the lowest one since the Great Financial Crisis. Is the much talked about recession coming? And what about the just reached Brexit deal? Can they both make gold rally?
Gold Editorials & Commentary
October 17, 2019
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major currencies to deal with it will be on an...
Gold has fallen in pounds, euros and dollars after breaking news suggesting a Brexit deal has been reached.
Originally published on Sat Oct 12 for our ElliottWaveTrader members: While we have been tracking the metals market for the next rally set-up, we have seen some signs that the market may attempt to begin that rally sooner rather than later. However, I have to be...
Today I want to talk to you about the SP500 because it's on the verge of making a very significant move. We could experience a 15% rally or a 15% decline and it could be just around the corner.
October 16, 2019
Gold price moves based on multiple drivers, and while some may say that it’s key price drivers are the USD Index and the real interest rates, that’s only partially true as it relates to the long term only. Ultimately, investors may choose to focus on many other...
It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork. Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we...
Marc Carney warns of an “abrupt” financial collapse due to climate emergency and warns that companies that ignore climate crisis will go bankrupt
The rich are getting richer and the poor are getting poorer, and for that we can largely blame policies of envy that increasingly restrict investors’ access to wealth-building instruments.
“Travel,” Mahatma Gandhi once said, “is the language of peace.” If that’s the case—and I happen to believe that it is—then I’m extremely bullish about the future, especially with respect to U.S.-China relations. The trade war’s days may be numbered as both sides of...
October 15, 2019
Yesterday, the Nobel prizes in economics were awarded. Unfortunately, gold has been omitted and got nothing. How unfair! But looking at the Dutch central bank press release, gold would have much higher chances if they were the ones granting the prizes and not the...
For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.
At present, there could be a number of positive developments for precious metals. Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.
“De Nederlandsche Bank (DNB) holds more than 600 tonnes of gold. A bar of gold always retains its value, crisis or no crisis. This creates a sense of security. A central bank’s gold stock is therefore regarded as a symbol of solidity Shares, bonds and other...
October 14, 2019
Precious metals moved strongly on Friday, and did so on significant volume. The reversals we have seen on Thursday got resolved with a heavy thud. Let’s dive into the many charts and perspectives and explore how well they support the upcoming move across the sector...
The markets basically ignored the Fed talk last week, as U.S. - China trade war developments stole investors’ attention away from the scheduled news releases. But it was worth paying attention to our last week’s News Calendar that highlighted U.K.’s economic data...
The second week of October showcased a vigilant effort from both bulls and bears in realizing their short-term targets/goals. However, in the end, the bulls won the key battles again with the massive bull engulf daily candlestick (2881.75-2954 on the Emini S&P...
This week, we will delve into something really abstract. Not like monetary economics, which is so simple even a caveman can do it.
Why is nobody talking about the real risk of contagion to investors, savers & companies?
Gold is inside a long-term Bull market, as the supply of fiat currencies rise per ounce of Gold. Simple math. The Elliott Wave mapping is in tune with this fundamental fact. Gold is rising inside a rising trend, the third wave of a five subwave Bull market, Minor...
Ever since it made its all-time high of 3028 on 7/21, SPX has been trading in a 200-point range which could either be a consolidation pattern, or the building of an intermediate top formation. The same can be said of IWM, although the latter made its high almost a...
October 13, 2019
High-country greetings once again from beautiful Squaw Valley. This week's missive is brief and -- given Gold is still slanted toward the Shorts -- not necessarily sweet. Our brevity is due to: a) an urgency to travel back across a still substantially powerless...
The Dow Jones continues running wild and free in its BEV chart below; eight months of going nowhere fast bounded between its BEV 0.00% and -7.50% lines. For all the effort it took to keep it between a new all-time high and only 7.5% away from one since last February...
October 12, 2019
Gold sector is on major buy signal. GLD is on short-term sell signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.
Let’s take a look at some indicators that can come together to let us know when the next inflationary bout is in the offing. The spread between 10yr and 2yr yields (the most commonly watched yield spread/curve) is still steepening on the short-term. Live chart...
Perspective is everything when it comes to the markets. It is always most important to look at the long term charts first and then work your way back to the shorter timeframes. Long term charts also show where major support and resistance resides that can have a...
Many people don't like negative interest rates. For that reason some politicians called for a ban on negative interest rates. This is a price control and that doesn't bode well for financial stability. Psychologists might be able to explain why people seen to prefer...
October 11, 2019
It is my privilege now to welcome back David Smith, senior analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, good to talk to you and thanks for the time. How are you?
Gold investment demand was strong in the months following gold’s decisive breakout to new bull-market highs in late June. The metal’s upside momentum fueled big capital inflows, accelerating its gains. But soon after gold’s upleg stalled, so did the investment...
The recent rotation in the US stock market and US major indexes have set up a very interesting pattern in the Metals and VIX charts. Our researchers believe precious metals, Gold and Silver, are setting up a new momentum base/bottom and are beginning an early stage...
