Municipal bonds might not be the first thing that comes to mind when you think of a sexy investment. They don’t typically command news headlines like the stock market or bitcoin. That doesn’t mean investors should disregard short-term munis. In fact, munis play a...
Gold Editorials & Commentary
March 7, 2018
We’ve been warning about the future moves in the metals markets for a week to our members and readers. Our most recent work showed the metals needed to decline a bit before any new advancement leg could properly setup. Just recently, we profited from the Gold and...
“Passivity is fatal to us. Our goal is to make the enemy passive. … Communism is not love. Communism is a hammer which we use to crush the enemy.” Mao Tse-tung, proclaiming the founding of the People’s Republic of China, 1949
You wouldn’t believe it by looking in the financial news but the price of gold has had a stellar run over the last few years. Since the beginning of the year it is up nearly 10%, contributing to the near 30% rise since early 2016. Most recently it has been thanks to...
March 6, 2018
Gold is showing solid rallies from my $1310 area buy zone (basis April futures). From both a love trade and fear trade perspective, the fundamental picture is becoming more positive.
Major blow to the EU! The populist Five Star Movement won about one-third of thevotes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold?
RaboDirect, the online savings bank, is set to close the deposit accounts of all 90,000 customers by May 16. Rabodirect’s 90,000 depositors have more than €3 billion on deposit with the bank.
If you are looking for direction on gold prices, it’s important you look at the U.S. dollar. If the dollar declines continue, gold prices could rally significantly. Gold bugs, be happy; the U.S. dollar is declining. Mind you, don’t pay attention to the daily...
March 5, 2018
Let’s continue on our topic of capital consumption. It’s an important area of study, as our system of central bank socialism imposes many incentives to consume and destroy capital. As capital is the leverage that increases the productivity of human effort, it is...
The best performing metal this week was silver, nearly flat with a drift lower by just 0.06 percent. Sharp’s Pixley notes gold demand is on the rise while supply has begun to fall, signaling a potential increase in the gold price. Many see gold as appealing in the...
Each week, I believe the silliness being espoused as to what moves the market reaches a climax. Yet, the following week somehow always proves me wrong. Two weeks ago, I noted how the pundits claimed the market dropped because of rising rates, but when the market...
Two trading months plus two days of 2018 already GONE! Yet across the US and 'round into Europe it hardly feels like Spring is about to do so a wit: "snowing here" says a text from the small Mediterranean fishing village of Monaco: put that in yer palm trees.
March 4, 2018
After extending its recovery to 2789 and pulling back, SPX is again at another crossroad where I must decide on its next path. The bullish choice could take it to a retest of its high of 2872, while additional weakness next week could resume the decline and lead to...
Hydra in Greek mythology is a many-headed water serpent. To kill it was one of the 12 tasks Herakles had to complete. He had quite a job to do, since when one of its 9 heads were chopped off, two would grow in its place. In addition, one of its heads was immortal to...
I was going to take another week off, but then this week seemed worthwhile to comment on. For one thing, the current correction is obviously different from the others seen in the Dow Jones’ BEV chart below. From a BEV Zero to a 10% decline in only nine trading days...
March 3, 2018
Our proprietary cycle indicator is down. Long-term – on major buy signal. Short-term – on sell signals, a pullback is in progress. Gold sector cycle is down.
March 2, 2018
It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies, and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.
Here are today's videos and charts.
One month after the February stock market rout is an excellent time to step back and review all the facts – and their implications for the gold market. Here’s exactly what happened – and what it implies for your capital allocation.
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold. There’s a fascinating interplay between these two currencies and futures speculators’ expectations for Fed rate...
Financial sacrifices are so obvious and commonplace they are seldom acknowledged. Borrowing money on a credit card, mortgage or car loan to purchase something is typical. You have sacrificed future spending for use in the present.
Fears of a global trade and economic war swept across markets yesterday and this morning as President Trump announced very high tariffs on foreign steel and aluminium. In response U.S., Asian and European stocks has slumped, the dollar weakened and gold prices were...
March 1, 2018
Dovetailing perfectly with my last missive entitled “Shenanigans”, this week's COT report covers the period of February 13- 20th and is a classic example of price capping by the bullion banks. It ended on the day after President’s Day with stocks coming off a nerve-...
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market?
The Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil, and the stock market dances...
Dear Friend of GATA and Gold: Oh, for a journalist who would put a few serious questions to Franco-Nevada Chairman Pierre Lassonde, former chairman of the World Gold Council, when he says, as he told Daniela Cambone of Kitco News this week, that "gold is well-priced...
The bear market for benchmark 10-year Treasury yield is at its end - disruption is coming. Numerous indicators corroborate: we are in the midst of an economic transition. Will the Powell Fed quickly evolve into a strong counter-balance to the powerful economic...
Annual Review 2017 has just been released by the World Gold Council (WGC) and it’s annual report on the gold market and the outlook for gold prices is fact based, comprehensive and well worth a read – especially the section ‘Market Outlook for 2018’.
February 28, 2018
In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?
After rising together through 2012, the past five years have seen a massive divergence between the total amount of accumulated U.S. government debt and the price of COMEX gold. When, if ever, will we see this correlation reappear?
