What a week it was. First and foremost, I’d like to acknowledge the horrific mass shooting that occurred in Las Vegas, the deadliest in modern American history. On behalf of everyone at U.S. Global Investors, I extend my sincerest and most heartfelt condolences to...
Gold Editorials & Commentary
October 9, 2017
It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager for 2016 by the Mining Journal. He is also the co-...
Many gold bugs make an implicit assumption. Gold is good, therefore it will go up. This is tempting but wrong (ignoring that gold does not go anywhere, it’s the dollar that goes down). One error is in thinking that now you have discovered a truth, everyone else will...
The last Gold Market update almost a month ago called the intermediate top within a day, as you may recall, and the subsequent Gold and US Dollar Interim update called the rally in the dollar the day before it started. Having seen a significant reaction back by gold...
The Perth Mint’s sales of gold products doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday. Sales of gold coins and minted bars jumped to 46,415 ounces in September from 23,130...
SPX failed to take a breather at the 2530-40 phase count derived from the re-accumulation pattern created at the 2500 level. Instead, unusually strong upside momentum which drove the fear and greed index to new, super greed highs marched on to the next count of 2550...
October 8, 2017
Once again, I turn over in my mind the Chinese plan regarding their imported oil, which consists in convincing their oil suppliers to accept yuan in payment (and thus re-directing their sales outside the orbit of the US dollar) with an additional sweetener in case...
The third quarter of 2017 was positive for the gold market. The yellow metal price has gained more than three percent between July and the end of September. As one can see in the chart below, the price of gold jumped above $1,300 for a while and even approached the...
Am I surprised that from exactly one month ago (21 trading days) gold has dropped 100 points from its year-to-date high of 1362.4 (08 September), to yesterday's (Friday's) low of 1262.8 before settling out the week 1278.9? Yes. Am I nonetheless trusting that the...
This week (Monday – Thursday) the Dow Jones Index closed at new all-time highs, with Friday’s close being just a whisker from making it five in a row. Looking at the daily closes for the Dow Jones (Blue Plot below) with its 52Wk High Line (Green Plot), since late...
October 7, 2017
Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is up. COT data favors overall higher gold prices. We are holding gold related ETFs for long-term gain. The current pullback is a buying opportunity for long-term investors, and should...
The economics of retirement funding is at breaking point. Thanks to low interest rates, looming inflation rates and slow growth the future of our retired populations are at serious risk.
October 6, 2017
Gold suffered a sharp pullback this past month, spawning bearish sentiment. Futures speculators fled on surging Fed-rate-hike odds and new stock-market record highs. That pounded gold lower despite strong investment demand. This healthy sentiment-rebalancing retreat...
Here are today's videos and charts
Since Trump was elected we noticed something interesting; economic news seems to have less of an impact than Geopolitical developments. Polarisation has had the effect it was intended to trigger; the masses and the markets are focusing on the wrong issues, and so we...
In the face of successive financial crises and loose monetary policy, German investors turned to gold to protect their wealth. In response, new product providers entered the market making it easier for people to invest.
As the stock market continues to rise on the back of some of the worst geopolitical, financial, and domestic news, the U.S. Treasury has been quietly increasing the amount of government debt, with virtually no coverage by the Mainstream or Alternative Media. So,...
October 5, 2017
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and the Bank of Japan must be considering similar...
American manufacturers grew at their fastest pace since May 2004 in September, according to the Institute for Supply Management (ISM). Manufacturing activity, as measured by the ISM Purchasing Managers’ Index (PMI), expanded for the 100th straight month, climbing to...
Imagine there was a chemical disaster at a factory. The surrounding water and air supply are affected over hundreds of miles. Thousands of people, if not more, are affected. There would be a national response. Governments would step in to ask why this had happened,...
I gave a presentation to some corporate board members recently, and they had one primary question on their mind. Why is overall gold demand weak?
In early September I wrote an article that asked the question, “Is it back to buy the dip or time to sell the rip?” Since the publication of that article, the Dow has moved up over 900 points off of the low that was struck on September 5th. So clearly the answer to...
October 4, 2017
So there you have it. A clear breakout to all-time highs confirmed by every measure everywhere with momentum charging ahead and high-fives and champagne corks flying about with reckless abandon and serial glee. To quote Chuck Prince, who left Citigroup in 2007 with...
Last week, I got several calls asking me how U.S. tax reform will impact the price of gold. If you can answer this question, you might be able to answer how tax reform will impact other assets. Let me explain.
“Even those of us who have been tracking gold’s progress for decades frequently give in to the ease of quoting gold’s value in terms of fiat currency – most commonly in US dollars. And yet, we have it the wrong way round. Gold is in fact the centre of the economic...
The world’s Central Banks have finally succeeded in unleashing an inflationary storm. The first pickup has only just begun to be felt. But this time next year, when inflation is well north of 4% globally and the big price moves have already occurred, everyone will...
Many precious metals investors are starting to question whether gold and silver are still the best store of wealth in the future. The reason Alternative Media community is starting to have doubts about their gold and silver investments is due to the rapidly rising...
Since the beginning of 2017 the silver price has disappointed many investors. With a 5% gain so far in 2017, it has failed to match gold’s 11% gains this year. Both precious metals have ultimately performed below expectations given the positive macroeconomic and...
The World Gold Council (WGC) released important updates regarding gold demand for Q2 2017. The report published August 3, 2017 indicates a spike in gold demand of 953.4 metric tons. Compared to Q2 2016, that figure is still 10% less. Owing to the large number of...
October 3, 2017
Twenty years ago Doug Noland was so worried about imbalances surrounding the dot.com boom that he began to title his weekly reports “The Credit Bubble Bulletin. Years later, he warned the world about the impending 2008 crisis.
