Gold continued to show strength towards the end of January and is now up by over 5% for the first month of 2016. However it is now running in to heavy resistance, we think there is room to push on towards the $1140 region but it should be short lived.
Gold Editorials & Commentary
February 2, 2016
January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession officially began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to Citigroup, Inc., it was also the...
February 1, 2016
Bullion for immediate delivery rallied 5 percent in January, according to Bloomberg, the best gain in a year as seen in the chart below. Following the $15 trillion rout in global equity markets since May, the precious metals’ lure has reawakened. Bloomberg also...
The Bank of Japan (BoJ) rattled global markets on Friday by announcing its adoption of a negative interest rate policy intended to spur banks to lend and consumers to spend. The world’s third-largest economy, then, joins a handful of European countries who are...
Japan announced negative interest rates Friday which caused a bounce in Europe and then in the US. It is as if "they saved the world"! I have just a couple of comments before digging in to this. First, "why didn't someone think of this before" -- and "if it were...
The Keynesian elite gathered in Davos Switzerland this past week to pontificate on global economic issues and to strategize the engineering of The Fourth Industrial Revolution. This new so called “revolution” includes a discussion on the future of Artificial...
This week’s heading is a little strange to apply to the markets. Two, perhaps more decades ago, it would have been taken for granted that the strong arm of the law was a ‘given’ for civilised society in developed countries. The silver ‘fix’ on Thursday is final and...
Since we covered the many different markets in detail last week I would like to focus back in on the US dollar and the TLT looking for clues for the big picture direction. The huge daily swings, in say the INDU last week, makes it very hard to keep and hold a short...
The recovery rally in the US stock market that we have been expecting for a week or two started on Friday with a robust advance that gathered strength into the close. The trigger was Japan's announcement that it is going into NIRP (Negative Interest Rate Policy) in...
Gold and silver rallied (5.3% and 3.4% respectively) in January, as stocks fell sharply. Turmoil and sharp falls in Chinese and global stock markets, plunging oil prices, rising stress in credit markets and further signs of weak US and global growth led to a renewed...
The SPX should hold about 1943/44 Monday and then drop to around 1850 by Feb 3 or 4. The astro/fib CIT turns are Feb 1 and Feb 4. There is a Bradley turn due Feb 3-5. The 16 TD low is due Feb 3.
The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen...
January 31, 2016
It is now evident that SPX500 has altered its correction to an A-B-C pattern with the C wave currently in progress. Expectations are that the index should complete its upward correction over the next few days -- probably next week. A reversal may or may not result...
Gold speculator and large futures traders sharply added to their gold bullish positions last week, pushing positions higher for the third out of the last four weeks and to the highest level since November, according to the latest Commitment of Traders (COT) data...
Well that didn't take long. Two weeks of falling share prices and the European and Japanese central banks go into full panic mode. The ECB promised new stimulus -- which the markets liked -- and then BoJ upped the ante with negative interest rates -- which the...
This was the fourth week that saw days of extreme-market breadth and volatility; NYSE 70% A-D Days and Dow Jones 2% Days. Yes, this week they were positive days. They helped investors and CNBC commentators forget the trials and tribulations of the first three...
Four trading weeks of the new year are now officially in the books, and as much as Gold may feel lackluster to many of you, 'tis had but one losing week of the four. Indeed from the year's low (1061) to its high (1128) is a 6% pop in price, and as we'll below see in...
I wanted to take a bit of time in this post to discuss one of the most important things that those wishing to be successful in trading/investing need to learn, namely detecting shifts in sentiment. Those of you who have been reading my work for a while will be...
January 30, 2016
In this episode, we discussed: Bill’s molding process and challenges, Where you can find Per Diem Metals, The Story of Per Diem Metals, Some Reasons to Own Fractional coins, and The Future of Fractional Coins
Truth be known, short of an uprising or revolution by the masses, which is highly unlikely, the elites have won over the masses, hands down, and the end game is in the final and irreversible stages. Time and again, we have reiterated the elites formulaic strategy...
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
Long-term – on major sell signal since Mar 2012 when $HUI was at 550. Short-term – on buy signals. Gold sector cycle – down. Only aggressive and nimble traders should participate in the current market condition.
Another choppy, tough weak with stocks wanting to go higher, then wanting lower…but in the end trying to breakout higher…for now. It’s a tough time to try to trade for sure -- and I’m in an all cash position…but getting tempted.
January 29, 2016
With each passing rally hope has bloomed that the bear market in precious metals may be over. The long and deep “forever bear” has to end…but it hasn’t yet. Under the surface, the bear market is getting weaker and Gold is growing stronger. It’s showing strength...
Featured is the weekly gold chart. Price is carving out a large bullish falling wedge. The supporting indicators are positive, including the important A/D line. An upside breakout at the blue arrow is just 20.00 away! When this breakout occurs it sets up a target...
To review our stance, which is years along now, the gold sector is not going anywhere until it becomes widely accepted that developed stock markets, including and especially those in the US, are in bear cycles. We have also drawn analogies to the Q4 2008 event that...
The Fed hike is not the end of the world. The U.S. economy experienced many tightening cycles. Actually, many analysts are citing past rate hike environments as a guide to the future. However, three things make this tightening cycle (if there are more hikes at all)...
Every once in a while it is a good thing to review something we already know and have known for quite a while. What we're talking about are derivatives and the very basics of how they work... or not. We have seen massive volatility since the Fed raised rates last...
Technical Analysis of The Market Via Videos.
Recent years have seen countless claims that gold and silver prices have to head far lower, implying demand is low or supply is high. But the actual data continues to prove this false, showing precious-metals bearishness is rooted in sentiment and not fundamentals...
