Do you hear the military march? The world’s largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China?
Gold Editorials & Commentary
March 27, 2018
Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday. Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on...
As I noted yesterday, stocks still have some life in them. Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a “report card.” Rarely does the one...
Gold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008. The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of...
March 26, 2018
In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes—as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from...
Today I revisit a subject that was prominent in the American conscious post-global economic crisis and brought to the forefront by the rare earth element and lithium bubbles from 2009 to 2011:
The best performing metal this week was gold, up 2.50 percent. Gold traders are the most bullish they’ve been since January 26, according to Bloomberg’s weekly survey. Gold is headed for its largest gain in five weeks after the Fed projected three interest rate...
Picture, if you will, a group of slaves owned by a cruel man. Most of them are content, but one says to the others, “I will defy the Master.” While his statement would superficially appear to yearn towards freedom, it does not. It betrays that this slave, just like...
Gold update: While I don’t care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be...
For those that follow me regularly, you will know that I have been tracking a set up for the GLD as a proxy for gold. I believe that the GLD can outperform the general equity market once we confirm a long term break out has begun, and I still think we can see it in...
SPX continues its intermediate correction which is expected to last until May. Last week was characterized by severe weakness which has left the index very oversold, near-term. For the reasons given above, I expect a short-covering rebound to take place, followed by...
March 25, 2018
Last week we looked at monthly exponential charts of gold and silver and found that these charts also show remarkable patterns. Given all the excitement that Wall Street experienced late last week, it seemed a good idea to do a similar analysis.
In looking back a week ago to "Gold's Narrow Trade; Beware a Cascade", price's since breaking away from such narrow trading range did come true -- right on cue -- and up price flew. As if 'twas foretold by the Sibyl, here's our updated view:
There comes a point in every major-market advance where one has to decide whether or not the best the market has to offer is in the past, and it’s now time to GET OUT. Of course one may be wrong in their timing of a market top. There is always the possibility that...
China is working a strategy with the Saudis. Since the last months of 2017, the Jackass has been firm that the ARAMCO deal for IPO stock introduction might never occur. And if it did, then Hong Kong might be the only location for the IPO launch.
March 24, 2018
Gold sector is on major buy signal since early 2016. 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.
March 23, 2018
It's a safe bet that most readers of this column who hold physical precious metals – gold, silver, platinum and palladium – do so because they view them as a store of value. Gold and silver especially, have served in the role of honest money for at least five...
A major sell-off in the stock market caught precious metals traders by surprise on Thursday. Coming on the heels of gold’s best 1-day performance in over a month, gold and silver ETF prices were lower on Thursday but not by much. April gold futures, however, were...
Here are today's videos and charts.
The junior gold miners’ stocks have spent much of the past year grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling taxphoria stock-market rally. But...
The movie “Thelma and Louise” was released in 1991. One theme it discussed was “crossing over” or going beyond the point of no return. The consequences were tragic.
There are a range of factors which drive the Kondratiev waves. Following Schumpeter, we have focused so far on technological innovations. However, debt cycles are also a key. What are they?
Gold and silver have gained another 1% today as market turmoil deepens on concerns about global trade wars and actual war after the appointment of uber hawk John Bolton as national security adviser.
March 22, 2018
Gold gained 1.7% and silver 2.5% to $1,333/oz and $16.60/oz respectively yesterday after the Federal Reserve announced a 25 basis point increase in rates to the slightly higher range of 1.5% to 1.75%. Gold and silver consolidated on those gains overnight in Asia and...
Most of the precious metals community understands the importance of gold and silver for military use. This aspect of the precious metals has actually been one of the more realistic concerns I have held for a number of years. When the USGS stated a few years ago that...
With interest rates continuing to creep up, there’s a changing of the guard at the Federal Reserve. In my travels and during conferences, I’ve spoken with many fixed-income investors who wonder how they can best prepare for the uncertainty these changes might bring...
GOLD MINE output worldwide has most likely peaked according to leading analysts, with a move to pay down debt since bullion prices peaked a half-decade ago diverting money from both exploration spending and dividend payments to mining-stock investors.
Metals get a strong rally off falling US Dollar after FOMC Announcement.
March 21, 2018
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings? The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a...
As investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the...
