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. ...
Gold Editorials & Commentary
March 4, 2017
We interrupt our regular update with this special report. COT data has been instrumental in guiding us and helping us navigate market conditions during a bull and bear market. The latest COT data is quite alarming, and has our full attention going forward.
March 3, 2017
Since all of the Fed Goon jawboning this week has now raised the odds of a March FOMC rate hike to 147%, we thought it best to write today with some perspective on the past...perhaps unearthing some clues as to why Comex Digital Gold seems to rally every time The...
As everyone knows, the aftermath of the US presidential election was a disastrous time for the yellow metal. However, gold rebounded at the beginning of 2017, gaining almost 6 percent in January and rising further in February, as one can see in the chart below.
The gold stocks enjoyed a strong surge early this year, fully reversing their sharp post-election losses. While they spent much of February consolidating before sliding, this sector’s seasonals will soon turn very favorable again in mid-March. The gold miners have...
https://goldswitzerland.com/To own gold is not climbing a wall of worry. For anyone who understands the problems that the world is now facing, physical gold ownership gives peace of mind and the best insurance that money can buy. So why is less than 0.5% of world...
Using the most representative or notable index/ETF for each segment, let’s update the general status for a range of items (US and global stocks, T-bonds, commodities and gold) with a few informal thoughts.
It can be difficult, even for dyed-in-the-wool perma-bulls to hold onto precious metals, let alone buy more. We see the Dow trading above 20,000 (placing this into perspective, is that since 2000, the Dow is up around 65% versus gold's 300%), gold and silver...
March 2, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually lead to a new policy direction...
The biggest trade in the world is staring everyone in the face. According to a Bank of America/Merrill Lynch fund manager survey, the US Dollar is the single most crowded trade on the planet.
With seemingly everyone from the blogosphere to the Tweeter-in-chief chiming in on fake news, have investors considered their risk/return profile may also be “fake”? When it comes to investing, who or what can we trust, is the market rigged, and why does it matter...
If we experience a debt crisis, as many economists believe is inevitable, many people believe that their holdings of gold and silver bullion will be confiscated, just as in 1933. This article reviews the probability of confiscation and compares it to other more...
March 1, 2017
The gold price has corrected by roughly $25 over the past few days. This pullback has been driven by increased odds of a Fed rate hike during March. Federal Reserve officials have been making hawkish comments lately, which has been supportive of the USD index and...
Gold posted its second straight monthly gain in February, the first such time it has done so since the summer, when Brexit-fueled uncertainty shook world markets. In 2017, the yellow metal has now advanced close to 9 percent, cracking the $1,260 an ounce ceiling on...
The history of financial markets reveals that the U.S. dollar and gold are negatively correlated – that they almost always move in opposite directions. As a result, since stocks are tied to the greenback, they too are negatively correlated to gold. Believe it or not...
Art Market Bubble Bursting? – Russian Billionaire Takes 74% Loss On “Investment” – $85 Million Gauguin Bought By Dmitry Rybolovlev in 2008. – Christie’s auctioned the work at its evening sale in London. – Global art sales plummet, but China rises as ‘art superpower...
As I stated yesterday, “I believe that this current correction in gold and silver stocks will provide a window for a few more days to weeks to get on board at a good price for the first half of 2017.” Yesterday, gold and silver stocks corrected further as I believed...
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Actually, looking at this new information, I had no idea of the amount of Fed, Central Bank...
February 28, 2017
As the GLD and silver continued in their paths higher this week, there is no suggestion from price action that they have met the top to this current rally. However, the lagging in the miner complex certainly has made many heads turn.
No event defines how rapidly America’s “leadership” has declined, than last night’s Academy Awards catastrophe. At which, one of its most prestigious accounting firms accidentally handed Warren Beatty the wrong “Best Picture” envelope, causing it to initially be...
It’s the day after the Oscars and we’ve got gold on our minds! Talking all things gold with @MarkTOByrne, the #Oscars statue is only worth €600! This gold bar however is worth €35,000!
February 27, 2017
Gold prices are up more than 11% since bottoming last December. Their gains last week took the gold market right up to its 50-week moving average. In 2015, attempted rallies reversed at the 50-week moving average. Could this level once again serve as a barrier to...
So, what lies behind this desperate urge to alter the voting structure of the IMF committee? Russia, and more particularly, China, have for a while now, been leading the rest of their BRICS partners on something of a mission. They no longer feel that the US dollar...
As I stated in my last article here that I published in 9 February 2016, one should have disregarded the sensationalistic articles that were touting a massive gold and silver stock breakout back then, because as I explained, even if one presumes that such a breakout...
The best performing precious metal for the week was platinum, with a gain of 2.32 percent and closely followed by silver and then gold. Gold traders and analysts surveyed by Bloomberg continue their bullish stance on the yellow metal for the ninth straight week, as...
Cost of Best Picture winners show very significant devaluation of the dollar. Average cost to make an Oscar winning film is over $43 million – in gold terms, this is over 106,000 ounces. Four $15 million films show nearly 100% difference when priced in gold ounces...
Before we look at some precious metals stocks, I would like to show you a couple of charts which will help explain why I didn’t participate in this last rally in the precious metals stocks that started in December of last year.
This holiday-shortened week (Monday was President’s Day in the US), the price of the dollar fell. In gold, it fell almost half a milligram to 24.75mg, and prices in silver it dropped 30mg, to 1.7 grams of the white monetary metal. Flipped upside down, gold went up...
February 26, 2017
Renewed stock market momentum beyond the SPX 2300 projection target has brought about and extreme in bullish sentiment which normally calls for a correction. IF, as a cycle analyst is forecasting, we are approaching the peak of the 17-year cycle (17 years from its...
When it comes to the latest US stance vis-a-vis China’s currency manipulation, the jury is out. Moreover, based on two recent statements it is more confused than ever.
