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Gold Editorials & Commentary

December 28, 2016

Gold has suffered recently in the wake of higher real interest rates, while thanks to higher yields the US Dollar Index has reached a 14-year high. Stronger real rates hurt gold. However, so does a stronger US Dollar, which remains the dominant global reserve...

The best performing precious metal for the week was gold, down just 0.08 percent. Gold is steady in year-end holiday trading, reports UBS, and is trying to form a base around these levels. Physical markets have perked up, helping the market find stability.

By listening to President-elect Trump, we can anticipate the effect his administration will have on the US economy. Here is what we know: Mr. Trump plans to beef up the military, and improve US infrastructure, including a wall at the southern border. While there...

December 27, 2016

2016 was the year I finally decided to codify my niche as a psychology-focused market contrarian, putting the Alice, Red Queen and Rabbit components of NFTRH’s logo right there on my inner forearm, forever.

Gold may be in the first stage of a significant rally. Gold has burst out of the short-term down channel, and the recent action of the “smart money” commercial traders is very positive.

This year has been one for the history books. Donald Trump was elected as the 45th president of the United States, gold had its best quarter in a generation, Warren Buffett decided he likes airlines again and voters in the United Kingdom elected to leave the...

The best performing precious metal for the week was gold, down just 0.08 percent. Gold is steady in year-end holiday trading, reports UBS, and is trying to form a base around these levels. Physical markets have perked up, helping the market find stability. UBS says...

SPX continues to show the potential for making an intermediate top, but could have another small upward thrust before starting a lengthy correction. Ample warning is being given by reliable indicators, and the correction would conform to current cyclical patterns...

December 26, 2016

US stocks have been on a massive bullish uptrend in the weeks following the presidential elections. Yet, smart investors are diversifying their portfolios with safe haven investments such as gold. It would not be necessary to go into details of how Republican...

Nothing makes sense anymore. The markets keep going up like it is going out of fashion Trump’s honeymoon period or not. Trump might be getting a strong cabinet around him and have good ideas to stimulate the economy…though you first have to spend money (increasing...

'Tis a dubious title, to be sure, Gold's having been up as much as +29.9% year-to-date, but per yesterday's (Friday's) settle at 1135, now up only +7.0% in 2016. Justifiably, a more descriptive title ought be "Gold Four Sessions Away from its Second-Worst Half-Year...

December 24, 2016

Gold sector is on a major buy signal and short-term is on sell signal. Cycle is down. Trend is down. Correction continues. Caution is advised. Silver is on a long-term buy signal. Short-term is on sell signal. Correction continues. Silver is more volatile than gold...

December 23, 2016

An astronomical amount by any standards. Interestingly, only a small fraction of this monumental amount has been allocated to gold investments. Here below is the record of gold investments since 1980. To be sure a brief history of gold investment demand will...

Here are today's videos and charts

The US dollar has rocketed higher since early November’s US presidential election, rivaling the massive gains seen in the stock markets. With the world’s reserve currency catapulted to extreme secular highs, dollar euphoria has naturally exploded. Traders are...

As counter-intuitive as it may seem to many, I believe the world-wide desirability to own the much, maligned US Dollar is destined to rise. To my mind, the recent upside break-out of the US Dollar Index is a major event and confirms my belief. It is driven by...

We are now approaching the final mania in markets. The Dow Index seems to be on its last swansong. Investors have been determined to take it up to 20,000. So far, the market has been twelve points from this magic level. At the same time treasury bonds are crashing...

For many months, the price of gold has been driven by the Fed’s moves and the prospects of interest rate hikes. Therefore, the natural question after the Trump victory is how his presidency will affect the Fed’s actions and, thus, the gold market. There are several...

Deutsche Bank is a defendant in more than 7,000 lawsuits worldwide. In two of them it has recently agreed to settlements and is prepared to pay tens of millions of US dollars in restitution and fines. This includes the settling of lawsuits over gold and silver price...

Remember over a year ago when they first raised hikes, they huffed and puffed warning everyone that they would raise rates several times in 2016…and viola nothing happened until now. Now they are repeating the same thing all over again.

Gold Mining Companies Are Running Out of Gold: Five Must See Charts. ‘Peak gold’ – World’s gold production to peak in 2019 and decline. Gold found by miners has plunged 85% over past decade. Gold mining CEOs turning to deals to combat dwindling reserves. Exploration...

December 22, 2016

We exit 2016 on a tide of investor optimism. At long last, there will be a businessman in charge of the US economy in the form of a new president. Moreover, the stimulation he will provide is of tax cuts and infrastructure spending. If interest rates must rise a tad...

The last fortnight has been an exciting one in the gold and blockchain space. Earlier this week Euroclear and Paxos announced that a group which included Société Générale, Citi, Scotiabank had completed the first pilot of the blockchain-based gold trading platform...

December 21, 2016

As the Credit Crunch was biting back in March 2008, the US Dollar Index (USDX) was bottoming after a drop of over six years fuelled by the War on Terror. Silver had previous topped out at about $21 and was later to visit $50 as the dollar faced the abyss again just...

It has been a tough year to be a gold investor. The price of the yellow metal has whipsawed throughout the year on the back of changing interest rate expectations and political uncertainty. Indeed, as uncertainty grew throughout the first half of 2016 the price of...

What eight years of economic stimulus could not do, Donald Trump’s election has generated the biggest stock market rally for any president since Ronald Reagan. Global financial markets continue to adjust betting that the election of Donald Trump and his promises of...

We continue to monitor the seventeen-year cycle in the US Dollar Index and its relationship with gold. Looking at gold since the Dollar bottomed in May, the patterns of 1999, 1982 and 1983-85 are a close match. The Fibonacci levels come into play in each instance....

When dealing with markets, one must avoid, as much as possible, emotional responses and simply focus on the facts before us. Last weekend, I presented my “factual” analysis of the market, and explained why I have retained a larger degree bullish perspective.

December 20, 2016

I was sitting in my rustic abode on the shores of lovely Lake Scugog last evening, a houseful of family all reveling beautifully as outside the wind howled and the snow whirled while neither man nor beast dared venture into the frigid abyss of a vintage Canadian pre...

In last weekend’s report, we covered how the Daily Cycle count was stretching too far, so marking a Nov 15th Daily Cycle Low (DCL) made sense. Doing so means that another DC began on Nov 16, and that puts today’s date in the normal timing band for a new DCL. So...

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