One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals. Although deeply...
Gold Editorials & Commentary
July 14, 2017
Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the...
This “amateur cyclist’s” chart (I am anything but a cycles analyst) of the S&P 500 shows that the 12 month marker (C12) meant exactly nothing as the market remained firmly on trend, after brief pokes down in April and May.
After striking a bottom on June 6th in what I had been counting as a smaller degree ending diagonal this week, the XIV has continued to push higher, trading 12% higher from last week’s low into the close on July 13th. We are now once again within striking distance...
Four weeks ago, after gold had corrected down from nearly $1,300 to around $1,240, I tweeted out that I was thinking about re-entering the JNUG (Direxion Daily Junior Gold Miners Index Bull 3X ETF) market and proceeded to launch into one of my classic invectives on...
We thought that when the gold price broke above its five-year downtrend in early June, it would establish an upward trend. We were wrong. Another false start, it seems. The bubble in financial assets continues.
July 13, 2017
In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooperation Organisation to break from the US dollar completely, by establishing a new monetary and banking system.
In early May, 2017, we alerted our follwers to a trading opportunity that resulted in a nearly perfect Momentum Reversal Method (MRM) setup – this trade was MOBL (Mobileiron Inc). Now that the trade has completed, we wanted to share with you an example of how the ...
There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of. While Americans continue to place all the BETS in the CASINO called Wall Street, via stocks, bonds and real estate, the EAST has...
– Fed has caused “frustration” and “confusion” in market place. – “If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce” – “If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce”
July 12, 2017
Gold imports into India have surged in the last six months thanks to festivals, economic recovery and concerns over a new tax regime and the push for the cashless society in India.
For the benefit of subscribers and to help yours truly to make good decisions, we plot an indicator with ten components on a daily basis, that we refer to as the GDI. On Monday the GDI closed at 39% and on Tuesday it moved into positive territory with a reading at...
Fed Chair Janet Yellen just announced that the Fed will be kicking the $USD off a cliff. She didn’t use those words, but the words she did use weren’t all that different. But first a little context…
The Fed’s “balance sheet reduction” may have profound implications for the dollar, gold, stocks and bonds. We’ll provide an outlook.
In 1980, the Financial Deep State realized that there existed an extraordinary opportunity for serial plunder and profiteering: the manipulation of the gold and silver markets. They immediately mobilized to exploit it.
July 11, 2017
Wall Street's largest firm, Goldman Sachs, is throwing in the towel on commodities, which reminds one of 1998, when Merrill Lynch closed its commodities desk very close to the end of a cyclical bottom.
We recently reported how the people of India has swallowed a massive 1,473 tons of silver in the month of May 2017. Not only was this one of the largest months for Indian silver imports it was more ounces of silver than the U.S. Mint had sold Silver Eagles in the...
Most precious metal assets staged a solid “comeback rally” against government fiat yesterday. The deep-pocketed commercial traders are serious gold buyers now.
This post will use Weinstein’s Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.
July 10, 2017
In recent issues of Seasonal Insights I have discussed two asset classes that tend to suffer performance problems in most years until the autumn, namely stocks and bitcoin. I thought you might for a change want to hear of an asset that will be in a seasonal uptrend...
In the last update we had thought that gold might escape its usual seasonal malaise this year, but it didn’t and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at...
The best performing precious metal for the week was palladium, down just 0.34 percent on little news over the week. Gold traders and analysts remained bullish for a third week following North Korea’s test of an intercontinental ballistic missile, writes Bloomberg...
Of the 14 commodities we track closely at U.S. Global Investors, wheat rose to take the top spot for the first half of 2017, returning more than 25 percent. The grain was followed closely by palladium—used primarily in the production of catalytic converters—which...
In May 2007, in Subprime America Infects Asia and Europe I predicted a severe financial crisis was imminent: the risks that have lain dormant beneath globalization's foundation are about to erupt and a reordering of the world's financial geography is about to ensue...
The big news this week was the flash crash in silver late on 6 July. We will publish a separate forensic analysis of this, as there is a lot to say and see.
There is some evidence – which will need to be confirmed next week – that SPX is getting ready to start the final wave of its terminal pattern. Consequently, this could take it to about 2500 before we can start the long-awaited intermediate correction.
July 9, 2017
The good news is that gold finally has departed its seemingly inescapable 1240-1280 box. The bad news is that such departure was beleagueredly to the south, price settling out the week yesterday (Friday) at 1212. To be sure, per the above opening panel, gold's...
The Dow Jones hasn’t seen a new all-time high since June 19th. But as the Dow Jones’ BEV chart below shows, it closed the week in scoring position, only 0.53% away from a new all-time high. If the bulls are willing, the Dow Jones could see a new all-time high at...
July 8, 2017
The short week was quite volatile as traders sat on the beach…and the weakness in metals was the standout in my books. Let’s move right into the charts and check the carnage.
Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down. A major consolidation is in progress and now near completion. We are holding some positions for long-term gains.
