Looking more Las Vegas casino than Oval Office, the stage Donald Trump delivered his nomination acceptance speech from last Thursday was all gold, from the stairs to the podium, completely befitting of his showman-like style. Whether you support or oppose Trump, it’...
Gold Editorials & Commentary
July 25, 2016
One in six investors chose gold as the best place to park money they wouldn't need for more than ten years – the same number that chose stocks, according to a recent Bankrate survey. Another 6% chose bonds, while 25% chose real estate, and 23% said they would simply...
The financial world is buzzing about former Fed chairman Ben Bernanke’s recent trip to Japan, where he advised Japan’s central bank chief Haruhiko Kuroda on how to manage his nation out of multi-decades of stagnant growth. Channeling economist Milton Friedman,...
Gold is in a bull market for a number of reasons including political risk. Moreover, there is “every reason for it to continue” according to Dominic Frisby writing in the UK’s best-selling financial publication Money Week.
A weekly decline of $4 in the price of gold is a drop in the ocean -- and nothing at this point to have any concerns about. My previous commentary projecting gold to the $2150 level still stands. Moreover, the critical worry point as far as the point and figure...
July 24, 2016
SPX has reached its stated short-term projection. This should bring about a reversal and the second correction since the 1992 low. There is a very slight possibility that the pattern it is currently making will turn out to be a consolidation in an uptrend,...
Stocks rested mostly this past week along with markets, which continue to setup for another round of higher prices as summer rolls along at a typical fast pace. Metals didn’t do too much either this past week…but they did show a few flashes of weakness which were...
I’ve been away for a few weeks, during which the Dow Jones Index managed to make six consecutive new all-time highs (July 12-20) in the BEV Chart below. It ended the week only 0.13% from making the seventh. I didn’t believe the venerable Dow could do it without a...
My favorite indicator for real time gold demand is the amount of gold in the SPDR gold Shares ETF (NYSE:GLD) and its fluctuations over time. As we wrote in our book, the driving force for gold is investment demand, which is driven by changes in real interest rates....
Last week, the heading, ‘Miracle or hoax?’ was a reference to the strange strength of the DJIA following the dire warnings for markets should Brexit happen – as it did. It became even more of a mystery with sustained strength last week to set another all-time high...
As we glide through these (one might say "hardly") "...lazy hazy crazy days of summer..." --(Nat King Cole, 1963), indeed now just a week ahead of those dog days of August, ours is titled as a dual-subject missive this time 'round. As regards Gold's summer support...
July 23, 2016
All is not so well within the elite’s New World Order. Their tried and true template of Problem-Reaction-Solution is in full gear as chaos reigns throughout the globe, which is exactly how the globalists like to see events unfold.
Gold sector is on a new major buy signal. Cycle is now down. Investors can cost average in at the next cycle bottom.Silver is on a long-term buy signal. Short-term is on buy signal. However, silver is vulnerable to a multi-week correction which is long overdue.
Technical Analysis of The Markets Via Videos.
July 22, 2016
Here is an excerpt from a commentary posted at TSI last week. Not much has changed in the interim, so it remains applicable. The US Treasury Bond (T-Bond) entered a secular bullish trend in the early-1980s. As evidenced by the following chart, over the past 30 years...
The US financial system continues to disintegrate even though most Americans hardly notice. The system is being gutted from the inside out… much the same way a chronic disease weakens a patience even before any symptoms are felt. However, we are already...
Gold and silver prices ran out of momentum during the first week of July -- and have been drifting lower ever since. A deeper correction seems like a realistic expectation, but precious metals are showing strong signs of resiliency. Here are seven forces that should...
I was recently looking at the CNN money website where they post this Fear & Greed Index. It caught my attention, because many other aspects of the market are now also showing signs an imminent correction in the stock market.
Five years after their 2011 highs, the prices of metals stocks, as well as the metals themselves, dropped to levels many never expected back in 2011. And, as the market dropped deeper and deeper into the abyss, most market participants lost interest in the complex...
July 21, 2016
There are quite a few bearish indications that suggest lower precious metals prices are just around the corner. Let’s take a look at a few of them
Stocks are on a tear right now… Today, the S&P500 hit a new all-time high. It topped 2,130 for the first time since May 2015. The benchmark index is now up 6.9% over the past two weeks. All good, right?
It is not only in the political world where we are witnessing traditional mores being broken. Ride-sharing Uber for example has challenged guidelines, city mandarins and monopolizing taxi cab companies around the world capitalizing on passengers fed up with poor...
As we went to press, the futures were within four ticks of the 1312.10 retracement target sent out to subscribers Tuesday night. Will this minor Hidden Pivot support hold? Even if it does, we’d still need to see a rally surpassing last Friday’s 1339.60 peak before...
Where have I been? I admit I was cowering like the spineless little weasel that I am…in the Mogambo Secret Temporary Bunker (MSTB), which I cleverly constructed in the living room using an overturned couch and some strategically-placed cushions.
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to...
As the metals market dropped today, I am quite certain the evil manipulators have become the talk of the town once again. No one speaks of them when we are rising, because that is how the market is supposed to move (cough, cough). But, now that we have dropped, it...
The charts below show the stock market going higher into July 29th while GDX goes lower. A few months back I said that I thought the SPX would make new highs ahead…and we are there. My original thought was, it would go higher into early October. The power of the...
For an example of how far we've fallen from the old days of free-range First World entitlement, consider the fact that investment analysts are now judging companies by how well they cater to the needs of the terrified:
July 20, 2016
“Money supply is one of the most basic parameters in an economy and measures the abundance or scarcity of money. Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available...
Something BIG happened in the gold market this year -- and very few investors understand the significance. While precious metal analysts debate whether the huge gold rally since the beginning of the year is sustainable, I am beginning to wonder if certain...
