Nearly five years ago came our 24 May 2014 piece entitled "Gold in Neverland" wherein we bemoaned that for "...26 of the last 28 trading days (better than a month), Gold has traded in the 1290s...", its never having been able to materially escape said 10-point zone...
Gold Editorials & Commentary
January 13, 2019
January 12, 2019
Our proprietary cycle indicator is up. 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 sell signal.
January 11, 2019
What if I were to tell you that gold is within earshot of all-time highs. You’d call me crazy. But I’m not. Below is a chart which shows gold prices denominated in Canadian, Australian and U.S. dollars.
Miner Miracle - Gold has traded in a range of 3-6 times the $XAU, an index of gold mining companies, from the early 1980’s all the way up until the global financial crisis of 2008. Then something happened. For a host of reasons, over the next decade, the gold miners...
Gold miners’ exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is...
– Gold and silver likely to reach highs over $1,650 and $28 per ounce. – On the high side, we may see a price increase of 30% for gold in 2019 as was seen in 2007 and 2010 and silver may surge 80% as it did in 2010 is possible (see table)
Over the last several weeks, I have seen those that were absolutely certain back in September and October that gold was going to drop below $1,000 now turn into major bulls in the metals complex. The silver rally especially has gotten the attention of many metal’s ...
January 10, 2019
The quip, “if you aren’t confused, you aren’t paying attention” needs to be replaced: “with the Fed confused, you better pay attention.” You may want to buckle up. Let me explain.
I collect gold in the form of important insights, and in this article I’d like to share some of them with you. Until a few years ago I never thought of Moore’s Law and a gold coin standard as having an important connection, but they do.
A couple of months ago, Forbes updated its list of the wealthiest 400 Americans for 2018, with Jeff Bezos appearing at number one for the very first time. Worth some $160 billion, the Amazon founder and CEO finally dethroned Bill Gates, who had held the top spot for...
As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance:
January 9, 2019
When you take in the table to the left, it inspires little beyond a shrug until you consider the policies toward gold of the countries involved. China, for example, is the world’s top gold producer, but its production is essentially sequestered, i.e., it stays in...
One hundred years ago certificates backed by gold and silver as well as gold and silver coins circulated as real money. Sadly, today’s currencies are debts issued by central banks, not real money. The Fed (U.S. central bank) issues Federal Reserve Notes—debts of the...
Gold may extend gains as global growth slows, equity market volatility remains elevated and the Federal Reserve is expected to ease back on the pace of policy tightening this year, according to a BlackRock Inc. money manager, who says the precious metal offers an...
January 8, 2019
2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor’s latest newsletter, he concludes that both scenarios are good for gold:
It’s time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that’s certainly true for gold!
The Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.
Walls have been in the news a lot lately. Walls which may be built, walls which may not be built. Yet for all the talk of walls these days, there is one wall that precious metals investors should be focusing on foremost. And no, it has nothing to do with the...
Stock prices have become synonymous with economic growth and prosperity. In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation caused by the Fed’s money printing and lascivious enablement of rampant credit creation.
Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time.
King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can...
Gold trades like a safe haven because in part that's what it is. The yen is a piece of crap, but it trades like a safe haven due to the relentless popularity of yen carry trades. Divergences or non-confirmations between gold and the yen can create trading...
One financial resolution is to read and watch less financial news. I stay up to date with financial markets, including breaking financial news, as I have to write a market update every day and frequently provide comment to media.
January 7, 2019
The yellow metal finished 2018 with its best quarter since March 2017 amid stock market volatility and the partial U.S. government shutdown. Bloomberg writes than in contrast, the S&P 500 saw its worst fourth quarter decline in a decade and the first negative...
2018 ended with a thud and the worst December stock market performance since 1931. Global equities corrected by -15% in three short months. Technology stocks were taken to the woodshed. Here is a snapshot of the peak-to-trough declines of some of the former leaders...
The epoch bond bubble continues to build and become a dagger over the worldwide economy and markets. Wall Street Shills are fond of claiming that global bond yields remain at historically low levels due to central bank manipulations, but this argument is no longer...
The precious metals complex has enjoyed a nice run in recent months. GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.
The yen, whose behavior corresponds closely to gold’s, began 2019 with a giant leap that slightly pierced the 0.94148 midpoint resistance of the pattern shown. This is bullish but would become still more so if the futures can close for two consecutive weeks above it...
Unarguably, the finest piece of work that I have ever seen on the state of the global financial world – ever - is the one recently created and presented by Grant Williams of RealVisionTV.
At this time…along with just about everyone who comments on financial markets, I have to write on what I think 2019 will bring. Scanning with Google, it seems clear 2019 is expected to be a year of volatility and brinkmanship.
