The gold reserves of the world’s biggest public sector investors reached an 18-year high as they hoarded the precious metal after Donald Trump’s election and the Brexit vote added to geopolitical uncertainty.
Gold Editorials & Commentary
June 12, 2017
Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows...
As most in the gold community know, the UK Chancellor of the Exchequer Gordon Brown announced on 7 May, 1999 that HM Treasury planned to sell gold. The dollar began to rise, from about 110mg gold to 120mg on 6 July, the day of the first sale. This translates into ...
The NASDAQ 100 has seen two one-day plunges of 143 points each over the past three weeks. Nothing close to these drops has occurred over the past year. What is going on? One concern we see is the stock market has generated an official Hindenburg Omen stock market...
Friday’s spontaneous profit-taking in the overbought tech sector affected SPX more than it did the DJIA, because the former contains many more high flyers. However, considering the general market’s “yawn-ish” response to the sell-off, it is too soon to decide that...
June 11, 2017
A potential increase in risk may create massive opportunities for investors. Throughout our ongoing analysis of the US markets, metals, energy and other market sectors, one thing we have seen over and over is that markets can, and often do, develop longer term...
Provençal greetings from the stunningly gorgeous Vaucluse. Contrary to the fast-paced rat race of San Francisco, here in the South of France amongst these vast vineyards and rolling hills of dark greenery beneath the majestic beauty of Mont Ventoux, life slows way...
The week ended with a new all-time high for the Dow Jones Index. Keep in mind I’m still a big bear on the stock market, but there’s no need to begin the depression any sooner than is necessary. Still, I have to be honest and point out the current advance has been...
June 10, 2017
What a great market week we saw this past week, until Friday where we saw some flash crashes in stocks, but mostly those which populate the NASDAQ. The crash was just that, a flash crash where stocks came back quickly…but still ended the week on a very weak note.
The consolidation in gold stocks continues. Gold sector is on major buy signal since early 2016. GLD is on short-term buy signal.
June 9, 2017
An NFTRH subscriber named Joe, who is a former fund guy and current chart cranking, idea generating maniac (←said with admiration) came up with the term “bearish bulls” recently, by which he meant that a whole lot of people were looking down in the gold sector,...
The gold miners’ stocks remain deeply out of favor, largely shunned by traders. Since this sector just spent the better part of a year grinding sideways, such bearish sentiment isn’t surprising. But with a giant technical formation nearing a major inflection point...
"Gold priced in sterling surged to the highest level in more than seven weeks as Prime Minister Theresa May failed to win an overall majority in the U.K. election, signaling further political turmoil less than a year after Britain voted to leave the European Union...
The World Economic Forum, in conjunction with Mercers (the actuaries) recently estimated that the combined pension deficit currently stands at $66.9tr for eight countries, rising to $427.8tr in 2050. The eight countries are Australia, Canada, China, India, Japan,...
Since mid-December the precious metals sector is in an uptrend. Especially gold has been acting very well while the mining stocks are basically consolidating since early February. After their phenomenal rally in the first half of 2016 they probably now need the...
June 8, 2017
US Stock Markets just keep going higher and higher! How much higher will they go? I am FORECASTING another 25% higher for US Stocks! The ‘bullish trend’ from the breakout continues, as expected. Breadth has become strong, once again, including a new all-time high...
There is something happening in the commodities complex that has been going on for a while, now that needs to be addressed tonight. A subtle change actually started earlier this year and has been gaining momentum especially in the energy sector.
Gold prices could see strong intraday volatility – analyst. * UK election, Ex-FBI director testimony, ECB meeting set for later in the day. * Downside for gold is “limited” (especially in sterling)
June 7, 2017
In what should come as no surprise to anyone around here, the banks are once again creating as much paper metal as necessary to stall an advance in price. Already twice this year we've seen this happen in Comex Digital Silver and now the banks are working their...
Yesterday, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, although it has come close a number...
In the previous edition of the Market Overview we wrote that “geopolitical risks clearly won with a hawkish Fed in a tug of war in the gold market” at the turn of March and April, as the yellow metal gained about 7 percent from mid-March to mid-April. However, the...
Tuesday’s feisty rally exceeded the 1296.40 rally target we’d been using by a relatively modest $2.40, but because the pattern associated with the target is so clear, even as small an overshoot as occurred will have bullish implications going forward.
The number of S&P500 companies reporting negative earnings is rising rapidly. Why does this matter? It matters because this usually signals right before a stock market peak.
Conventional wisdom states the following: When the Fed raises interest rates, the USD will strengthen and demand for dollar-denominated commodities such as gold will decline. This is true (theoretically speaking) because gold is a non-interest-bearing commodity that...
Gold prices have broken out above the six year downtrend (see charts) due to a 50% surge in Chinese demand and increasing safe haven demand internationally.
The price declined again today as called for by last night’s wave count. The target at 10940 was met, todays low so far reached 109.22. The declining trend channel suggests one more decline to meet the line once more. That could happen at about 108.70 at which point...
June 6, 2017
Gold is the world’s ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it’s starting to look like the month of June could be a serious “barnburner”.
With the US dollar taking another hit last Friday on a weaker-than-expected jobs report, gold closed up 1.12 percent for the day. A Bloomberg gauge of 72 junior miners, however, has lost 15 percent since the end of January, and the rebalance of the VanEck Vectors...
The bounce in Treasury yields witnessed after the election of Donald Trump is now decaying in the D.C. swamp. If the Fed continues to ignore this slow growth and deflationary signal from the bond market and continues along its current rate hiking path, the yield...
This post is a rehash of something I wrote at TSI last September in response to the article titled “The Gold Standard and Debt Jubilee“. The article is a confused jumble of Marxist, biblical and capitalist ideas/assertions, but its gist is that we need both a debt...
