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Gold Editorials & Commentary

July 4, 2019

The last few weeks for gold trader has been really exciting. Let face it, metals are starting to out perform us Equities late in a US stock bull market and we all know what that means. If you don’t know what I mean check out these charts!

July 3, 2019

The growth of the US money supply has slowed down! We invite you to read our today’s article about the sluggish American monetary inflation, and find out whether it signal the upcoming recession and good times for gold.

The gold and silver markets rarely get much love on Wall Street and from the average investors who only listen attentively to what CNBC and stock brokers have to say.

A few years ago, we wrote the salient article on the subject of derivative supply and demand on Comex. Given the recent price breakout and sentiment change, it's likely a good idea to re-visit this topic today. 

When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update...

City One: Debtapolis: In this fictional world a financial genius and his offspring executed a brilliant plan over several centuries. The government authorized his bank to create and print paper money, backed by gold or silver.

August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I’d expected another two weeks of corrective action myself after bullion’s impressive run-up in June.

– Some gold buyers and investors in online gold platforms are “having difficulty getting their gold … and their cash” – “Hearing more and more unfortunate stories and I will not mention names” – Jim Willie

July 2, 2019

Donald and Xi have confirmed their true and everlasting friendship now. Trade wars are over, it’s all rainbows and unicorns - and investors do not need safe havens anymore. Right? The celebratory mood feels great but let’s find out what the trade truce really means...

Major fundamental processes and events create the large chart patterns seen on the monthly charts. It’s important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally.

Recently, the Winklevoss twins (who founded the Gemini crypto exchange) coined Bitcoin as ‘Gold 2.0.’  To support their perspective, they cited Bitcoin’s scarcity, its fungibility and its portability as meeting or exceeding that of the yellow metal. 

This past weekend was full of exciting news and information.  Combine this with the strong US economic activity, the potential for some type of reprieve in the US/China trade issues and the historic meeting in North Korea between President Trump and Kim Jun Un, and...

July 1, 2019

Last week, we discussed the fundamental flaw in GDP. GDP is a perfect tool for central planning tools. But for measuring the economy, not so much. This is because it looks only at cash revenues. It does not look at the balance sheet.

Fans of the improvisational comedy program Whose Line Is It Anyway? may recall host Drew Carey describing it as “the show where everything’s made up and the points don’t matter.”

The time has been creeping down to the end of the half year. The price of gold has dipped down to $1400 and recovered to first hold around $1405. As the last trading day of the half year passed from east to west, the price even improved briefly to $1420, before...

As I pen this article, gold is set to close the month and the quarter above $1400/oz and is holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.

I have to be honest and tell you that I am literally chuckling while I write some of my articles. My last gold article was one where I was certainly chuckling while writing it Yet, I cannot tell you how many other “analysts” across the internet took me to task for...

The short-term top anticipated in the last newsletter did not disappoint and SPX retraced fifty-two points, assisted by the minor cycle which was due to make its low last week, and arrived on Wednesday. It is important to note that a similar cycle only caused a pull...

June 30, 2019

Every bull market advance eventually sees its last all-time high. No one rings a bell when it happens, but from that point on things begin to change for the worse for the bulls.

Two weeks ago Gold ~finally~ surpassed the long-sought level of Base Camp 1377: check off that milestone box! Then during this past week, Gold met (per the above opening Scoreboard) our "conservative" forecast high for this year of 1434: check off ~that~ milestone...

June 29, 2019

It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout –...

Here are today's videos and charts.

Our proprietary cycle indicator is up. Gold sector is on major buy signal. GLD is on short term-buy signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal. 

A major breakdown is in progress for the USDollar index. It has broken its intermediate uptrend which began in April 2018. Eighteen months of official rate hikes and tremendous hidden activity with derivative bond purchases, which obscure the absent USTreasury Bond...

June 28, 2019

Once upon a time there was a Goldilocks (economy)…Would you like to know the end of this story? So let’s read today’s article – and find out whether it will have a happy end for gold!

The gold miners’ stocks just blasted higher to a major decisive breakout this week! Driven by gold’s own huge bull-market breakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a game changer, starting...

You may know me as the……guy. The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary to call a real bull phase or even bull market. By managing a strict set of macro and...

This article was first published on Sat Jun 22 for members of ElliottWaveTrader.net: With the break out we experienced this past week in GDX and GLD, it has certainly placed a bullish spin on the complex.  And, while it was a very difficult 3-year wait, which has...

Gold prices are marginally higher today and look set to have their best monthly gain since June 2016. Spot gold was up 0.2% at $1,413.60 per ounce in late morning trading in Europe. Gold has risen over 8% this month so far. A monthly close above $1,400/oz will be...

June 27, 2019

What a week! On Tuesday, gold prices hit a six-year peak of almost $1,440. But they declined since then to almost $1,400. What is happening? We got the Fed speaking… Let’s dive in to the implications of what has been said.

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