I’ve noted that when China’s markets go quiet during the “Golden Week” holiday, the gold price tends to soften.
Gold Editorials & Commentary
February 20, 2018
The gold market is setting up for a perfect storm as the top mining producers’ supply is forecasted to decline right when demand is likely to surge. The surge in gold demand will occur as the broader stock markets roll over and begin their inevitable massive...
The best performing metal this week was palladium, up an impressive 7.17 percent after having been trending down since the middle of January. The weekly Bloomberg survey showed gold traders are overwhelmingly bullish after being bearish last week as the yellow metal...
It is widely believed that silver leads gold during bull markets for these metals. I wonder how this belief first arose and persists to this day given that it is contrary to the historical record.
For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 trillion) of non-performing loans that’s weighing down their balance sheets. Economists say the pile of past-due and delinquent debt makes it harder for banks to lend more...
Our proprietary price modeling systems are showing us that our expected price basing, which we have been warning our members of for near 3 months, has altered in range and scope. What we did expect to happen near February 21 is now expected to START sometime...
February 19, 2018
After a surprisingly strong and especially fast rally from an oversold bottom in mid-December at 1,236 USD up to 1,365 USD within less than seven weeks - and the recent pullback down to 1,305 USD, gold has been rushing back up towards 1,360 USD over the last couple...
In the past few weeks, we have argued that interest rates will not rise. We have made our arguments based on observable cases of soft credit demand that falls with rising rates, and analysis of the incentives on creditors and debtors. Ours is a case that rates can’t...
As a technical trader, I like it when multiple charts, indicators, and asset classes agree with each other for trade setups. This short article is to show you some of the things I look at which provide a buy signal for gold stocks.
After rallying from its 2540 low as quickly as it came down, SPX completed a .618 retracement of its decline and looks ready to move down again. Since there is no distribution at its last Friday high, it is possible that it will have to create some if it is now...
February 18, 2018
Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for 5-years now, so it has major implications. Upside volume has been building for a...
Inflation is back. So what does this mean for gold? The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number "pushes the economy toward a potential danger zone for inflation."
Gold spiked in January, and looked to be headed even higher. But there were some problems. First, futures speculators - as tracked by the Commitment of Traders (COT) report - had gone overwhelmingly long, and since they tend to be wrong at emotional extremes, this...
Such a high hurdle indeed: Base Camp 1377. For as we stated a week ago, each time gold as if a magnet pulls in the prices of the 1360s, 'tis is repelled by the pushing forces emanating down from the opposing iconic magnet at 1377, ostensibly gold's highest hurdle in...
Here’s something we don’t see every day; the Dow Jones correcting over 10% in just nine trading days (January 26th to February 8th), then snapping back 5% in the next five. And the violence of the 10% decline, seen in Mr Bear’s report card below is remarkable.
February 17, 2018
The stock market pullback of the last couple of weeks has shown that markets are jittery, and will likely be volatile for a while as investors keep a vigil on rising bond yields (inflation) and potential interest rate hikes. In these uncertain times, one sector that...
Over the past month, we have heard a growing roar of dissent and fear as people within the United States and around the financial world worried about a rapidly approaching deadline. A deadline, that if reached, would spell disaster for all!
Despite a tough week for stocks into Friday, February 9, three big picture macro indicators have continued to support a risk ‘on’ backdrop. Many of the shorter-term indicators we watch, like Junk bond ratios and the Palladium/Gold ratio say the same thing.
Long-term – on major buy signal. Short-term – on sell signals, a pullback is in progress. Gold sector cycle is down. COT data is supportive for overall higher metal prices. We are holding gold related ETFs for long-term gain.
February 16, 2018
Here are today's videos and charts.
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...
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...
