There has been a fundamental shift in central banks’ behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment...
Gold Editorials & Commentary
February 12, 2019
February 11, 2019
Sometimes the clues one needs to make a very important decision are hidden and not visible at the first sight. Sometimes, they are right in front of one’s eyes. Interestingly, at times it’s more difficult to notice the obvious ones than the hidden ones, as one views...
Stocks were mixed on Friday, as investors hesitated following Thursday's decline and a short-term profit-taking action. The S&P 500 index got closer to the 2,700 mark again last week. So is this just a downward correction or some new downtrend?
Last week, in Part I of this essay, we discussed why a central planner cannot know the right interest rate. Central planner’s macroeconomic aggregate measures like GDP are blind to the problem of capital consumption, including especially capital consumption caused...
In a recent Financial Times editorial, Gillian Tett, who rose to prominence for her coverage of the 2008 financial crisis, raised the question of financing the U.S. debt. Headlined America faces a battle to find buyers for its bonds, her article begins by...
Jerome Powell threw Wall Street a lifeline recently when he decided to temporarily take a pause with the Fed’s rate hiking campaign. The Fed Head also indicated that the process of credit destruction, known as Quantitative Tightening, may soon be brought to an end...
Ireland’s longest established gold broker, GoldCore has transported what is believed to be the largest legitimate movement of gold bullion – investment grade gold coins an bars – into Ireland in decades, possibly since the foundation of the State.
February 10, 2019
After reaching 2739 last Tuesday, SPX started what is probably a correction of the 393-point uptrend which started at 2346. If that’s the case, we could keep going until we reach 2589, at a minimum. But this is only a preliminary estimate of what happens next.
Upon there being nothing in your petrol tank, (or for you Tesla-types out there nothing in the form of ions in your anode), your vehicular conveyance stalls. As well this past week, Gold found itself fuel-less with nothing to give it go.
Another week of nothing much happening with the Dow Jones; since last Friday it has advanced by only 42.44 points. What’s to make of that? After the impressive advance that began after December 24th the market is taking a break. Don’t be surprised should the...
February 9, 2019
Gold sector is on a major sell 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.
February 8, 2019
I reserve most of the work on precious metals for NFTRH weekly reports and in-week updates because it is done on a consistent basis, with the work done previously key to the narrative making sense in real time and going forward. In other words, in order to not be...
Here are today's videos and charts.
Gold stocks’ young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That’s helping the gold stocks regain lost ground...
As a sovereign nation, Venezuela should have the right to take possession of and sell their gold on the open market. As sovereign individuals, we should too.
The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today’s article about the development of the Eurozone in the last twenty years and find out what...
This article was originally published on Sun Feb 3 for members of ElliottWaveTrader: Extremes are the hallmark of the metals market. And those that handle the extremes best are usually the ones who do best in the metals market.
Here is my Chart of the Day Friday summary (just 4 again this week!) covering markets, technicals, sectors and stocks I am interested in. You can find these on Linkedin too, so please connect with me there for daily content updates. You can click on each chart title...
February 7, 2019
He who controls the gold makes the rules. That old adage applies aptly to the present crisis in Venezuela. An international battle for control of Venezuela’s gold is currently underway. At stake is the country’s political future – and with it, the global market for...
Whenever the next recession does arrive, what we know today is that it is unlikely to be a "normal" recession, by the standards of what most people have experienced in their lifetimes.
The major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central banks. The same old tired, failing inflationist responses are being lined up, despite the evidence that monetary easing has never...
The new Alchemist is out. What can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!
It has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.
Gold has delivered positive returns over the long run, outperforming key asset classes.
The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months. On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals/Miners . In this post, we suggested that the recent...
February 6, 2019
Happy Year of the Pig! This week marks the start of China’s Spring Festival, during which an estimated 3 billion trips will be made using the country’s massive transportation network of roads and rail. That figure is a slight rise from the same period last year,...
The combination of reversals that we are approaching is truly exceptional. Four different markets, many different lines and they all point to the same time-frame in which we should see a reversal of a huge importance. It seems that the markets almost can’t wait. Are...
On Thursday, the ECB held its monetary policy meeting. It left the policy on hold. The bank also maintained its forward guidance about the future path of interest rates unchanged (they are expected to “remain at their present levels at least through the summer of...
What a deal! Newmont Mining will buy rival Goldcorp, creating the world’s largest gold miner. What does it mean for the gold market?
The economic development of China is one of the most important events in the history of the world. In an unprecedentedly short time, millions of people have been taken out from poverty. But, as no country has ever developed so fast, that great story raises important...
