In January the stock market recorded all-time highs in its strongest start since 1987, as investors gave a “thumbs up” to the Trump growth agenda of massive tax cuts, infrastructure spending and a loosening of regulations. Business too gave a “thumbs up” for an...
Gold Editorials & Commentary
February 16, 2018
The gold miners’ stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless...
This article and another were written for Miles Franklin. Read them here and here. Since this article was written in early January stock indices have bubbled higher. Some analysts have dreamed of a “melt-up” for stock markets. Regardless, bubbles crash eventually....
As I watched Wednesday’s CPI (inflation) number reported by the Commerce Department, I was immediately reminded of that classic scene from legendary WWII flick “Casablanca” where Claude Rains, playing police Captain Renault, shuts down Humphrey Bogart’s casino/...
Having a subscription to TFMetals Report is truly awesome. The knowledge that flows through that site, even on the free side, is truly remarkable. I was reading what Craig had to say about gold and silver making that huge move on Wednesday Feb 14, as I wasn’t really...
Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the...
February 15, 2018
Is inflation good for gold? It depends. If inflation provokes a hawkish Fed to raise rates faster than inflation, not so much. But if the Fed is worried about the stock and bond markets and therefore won't raise rates fast enough to keep pace with inflation, that's...
Research Director at GoldCore, Mark O’Byrne talks to IG TV’s Victoria Scholar about the outlook for the gold price.
February 14, 2018
The U.S. dollar has been bleeding recently, despite all the Fed’s tightening efforts and the passage of Trump’s tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn’t...
Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets. Created with the...
There aren’t many investment scenarios you can point to with any degree of certainty and say, “This asset is going to rise.” Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.
The amount of gold mined in a year is only about 1.5% of the total existing stock of gold, which is why changes in gold production have almost no effect on the gold price. It is also why changes in the cost of mining gold do not affect the gold price. In fact, cause...
If you have a problem then you have a solution, otherwise you’re just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive. They do exist, it’s just a...
Failing that, ask its pension fund for a few index-linked Gilts... The BANK of ENGLAND announced its latest policy decision in London on Thursday, writes Adrian Ash at BullionVault.
February 13, 2018
There are eleven indisputable signs on Wall Street that US Stocks have formed the Mother Of All Bubbles! Only the financially naïve will not see these historic signs…as they are blinded by unbridled greed. Would that all intelligent investors who have gained profits...
Gold has staged a superb rebound from the $1310 support zone, but that was overshadowed by the truly spectacular reversals taking place in most of the Western world’s gold stocks!
“Don’t panic, buy the dip, who cares?” or “These are rumblings of an earthquake, people will be hurt like in 1929” - which one is it? I would call it a wake-up call. Let me explain:
In new research, entitled ‘The rising attractiveness of alternative asset classes for Sovereign Wealth Funds‘ PwC explain how gold is viewed as an important diversifier by sovereign wealth funds, as both an important hedge and for long term returns.
Yesterday we shared with you Part I – big picture analysis “math” Behind the recent sell-off. Today, we want to show you the what the math is pointing to in the short term and what to expect next.
February 12, 2018
The best performing metal this week was gold, down 1.26 percent. China’s demand for gold jewelry rose 10 percent last year to around 700 metric tons due to increasing wealth of residents. China is the largest market for gold in the world.
U.S. equities got a free ride on the Trump train after his election, even as Federal Reserve officials hiked interest rates. That ride may have ended last week.
The markets have changed and many are going to get “taken to the cleaners.” Last year, 2017, was a not a normal year for stocks. Stocks as an asset class are not meant to go straight up without even a 1% pullback. But that is precisely what happened for nearly an...
We continue our hiatus from capital destruction to look further at interest rates. Last week, our Report was almost prescient. We said: The first thing we must say about this is that people should pick one: (A) rising stock market or (B) rising interest rates. They...
Volatility has now returned to the stock market after a hibernation of several years. An explosion of volatility normally is indicative of a change of trend. The recent signals transmitted by this market have been classic and has been telling us that we have entered...
SPX is engaged in the first intermediate correction since the one which bottomed in January 2016, at 1810. Although it found strong initial support at 2533 on Friday and rallied over a hundred points, it is too early to declare that the correction is over. At the...
February 11, 2018
Consider the hypothesis that, all things being equal, a price will maintain its ruling trend indefinitely. This is irrespective whether the trend is up or down or sideways, or steep or shallow. Since we know prices changes are determined by the ratio of supply to...
First, let’s start off this weekend’s update remembering that gold is the ultimate cycle driver across the broader PM complex. Friday’s late afternoon post shows you this and how volatility in the Stock Market can impact silver and the miners.
Such a fun month is February! One strives to regain liquidity following December's holidays and January's quarterly tax payments. And who doesn't love Valentine's Day? Financially, February is not a month over which there is much fuss. For gold, February is...
“We inspect the price volatility before, during, and after financial asset bubbles in order to uncover possible commonalities and check empirically whether volatility might be used as an indicator or an early warning signal of an unsustainable price increase and the...
Two Friday’s ago, (January 26th) the Dow Jones made its latest BEV Zero, new all-time high. Nine trading days later (Thursday Feb 8th) it broke below its BEV -10% line in a very dramatic fashion.
