The gold miners’ stocks have corrected hard in recent weeks, hammered by a gold pullback driven by soaring Fed-rate-hike odds. Like any considerable selloff, this has spawned serious bearish sentiment. But the gold miners’ underlying operating fundamentals remain...
Gold Editorials & Commentary
March 10, 2017
Trump has been president for more than a month. What has he done so far and how will it affect the gold price ? Trump’s presidency has begun like no other – four weeks of conflict and chaos: travel ban, war with media and intelligence agencies, and the resignation...
James Rickards, geopolitical and monetary expert and best-selling author of the ‘The New Case for Gold’ has written an interesting piece for the Daily Reckoning on why he believes gold will reach $10,000 in the long-term.
March 9, 2017
In my more than 35 years of investing in hard assets, precious metals and mining, I’ve learned to manage my expectations of gold’s short-term price action. Sure, there have been surprises along the way, but generally, the yellow metal has behaved relatively...
Since “Surprise 16” when Donald Trump won the presidential election, he has made it clear that if he has his way, he will enact inflationary policies. These include increasing defense spending and infrastructure spending, while at the same time reducing government...
Caesar: What sayest thou to me now? Speak once again. Soothsayer: Beware the ides of March. Caesar: He is a dreamer; let us leave him: pass. This famous advice, according to Shakespeare, was ignored with fatal consequences for Julius Caesar. Markets may be being...
March 8, 2017
After finishing 2016 up 25 percent, commodities are getting another boost from bullish investors. Investment bank Citigroup forecasts commodity prices will increase this year on strengthening demand in China and mounting inflation inspired by President Donald Trump’...
Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of...
Yesterday we pointed out how the gold market is seeing renewed interest from new, first time gold buyers and gold investors. Concern unites them – they are concerned about the current trajectory of the world – politically, financially, economically, monetarily and...
This year gold’s fortunes will be influenced by the actions of the Central Bankers and the Geo-Political chaos which is simmering in various parts of the world. We are all aware that there are many factors that influence the precious metals sector; however, today we...
Three weeks ago, as the GDX was consolidating just below its .764 extension, the market had a clear set up to break out. However, when it did not do so over the following week, I noted in our trading room at Elliottwavetrader.net that I was hedging my portfolio...
March 7, 2017
Of course we all know that the benevolent and altruistic organization called The Federal Reserve is on a rate hike regimen because the US economy is "booming" and "robust". Oh, really? After just +1.6% "growth" for 2016, Mr. Donut in Atlanta today lowered his Q1 GDP...
I want to warn you to be very VERY careful with stocks right now. The common narrative is that the US is entering a golden age in its economy…and that this growth will drive stocks ever higher. The reality is that GDP growth has collapsed. The third quarter of last...
Last year gold demand reached a three-year high and the gold price finished up 8% in dollars, 13% in euros and 31% in British pounds. 2017 has picked up where 2016 left off. Uncertainty with regard to both the political and financial outlook and a growing demand to...
In 1978, one year after taking control of impoverished China, Deng Xiaoping declared “to get rich is glorious.” Since Deng’s declaration, China’s per-capita GDP has grown by over 5,000%.
March 6, 2017
One of the biggest questions investors have is what type of environment are stocks and the economy in, deflation or inflation? Knowing the answer to that question can give you a heads up on what different sectors to invest in and what sectors to stay away from.
Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises.
Tom Beck of Portfolio Wealth Global believes the "Trump Trade" is overblown and recommends investors bulletproof their holdings.
Each of the last five major U.S. recessions were preceded by a shrinking global trade as a percentage of GDP. Peak globalization might go down in history as May 7, with the French elections, and it could signal the first major crash since 2008.
It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the...
The best performing precious metal for the week was palladium up 0.39 percent. Friday’s Commitments of Traders Report showed money managers increased their bullish positions over the past week. On Thursday the European Union reported consumer prices were 2 percent...
If the future were 100% certain then there would be no reason to have any monetary savings. You could be fully invested all of the time and only raise cash immediately prior to cash being needed. By the same token, if the future were very uncertain then you would...
The dollar has been one of the biggest contrarian trades I have seen in years. Every time the market is so certain about the direction it will run, it does the exact opposite and often in extreme fashion. In my last weekend update, I noted how we called the multi-...
David McWilliams interviewed Lara Marlowe and Cormac Lucey about the elections in France (April 23 and May 7) for TV3’s Agenda and the short interview about the French elections, Le Pen and the risks posed to the euro is a must watch.
SPX has reached its primary objective of 2400 and pulled back. There is a 2410 adjunct which could still be reached if the index can regain its upside momentum starting Monday. The daily indicators have still not given a sell signal, and the hourly appear to have...
March 5, 2017
The U.S. dollar is back in a bull market. After a long consolidation in the last 24 months, the dollar broke out in November only to come back and test its breakout level in February of this year. InvestingHaven’s research team wrote in December: 5 Reasons Why The...
Another great week for stock markets as this bull market continues to act great. Moreover, we should have another couple years before a major top is in place…but perhaps even longer if infrastructure, regional jobs and Made In America really gets rolling.
The Dow Jones Bear’s Eye View (BEV) chart below is so weird. Immediately after the November 8th Presidential elections, the Dow Jones Index leaped up to a new all-time high (0.00% / BEV Zero line) and has stayed within 1.21% of being a new all-time high for the...
March 4, 2017
Professional investors are selling stocks and buying gold. Small investors are buying stocks and neglecting gold. While the bulk of attention has gone to the stock market thus far this year, gold is up 7.2% and the Dow Jones Industrial Average is up 6.2%. What is...
We have already observed how oil and precious metals are looking set to turn lower, especially oil. Moreover, the medium-term bearish outlook for these commodities is confirmed by the negative setup that we will now examine on the latest charts for copper. ...
