Gold fell heavily last week as forecast. Our long awaited fall to lower lows seems finally to be underway. Contrary to most opinion this fall is not a case of manipulation by dark forces, but is simply a resumption of a long term trend we have been modelling for...
Gold Editorials & Commentary
November 11, 2015
If there is an interest rate hike in December, it will likely be only a 25 basis point rise. Why should gold investors take care of such a baby step?
Many people agree that it’s important to move to a free market in money (i.e. the gold standard). They also say that it’s just as important to fight bad taxes and regulation. In their view, government interference in the economy is like friction in a car. The more...
Two weeks ago I changed my mind and warned of an immediate sell off in Gold and precious metals. Three days later Gold quickly touched $1,182 only to tumble down after the FED statement. Luckily, my recommendation to sell short any strength towards $1,175-$1,180 has...
Today we turn our attention to the precious metal that once brought joy and riches to its owners, but now seems to bring nothing but despair and disappointment. I’m talking, of course, about gold.
For the last 4 years, we have heard most analysts and pundits call the end to the metals correction, only to see the market head lower. And, many of them have done so many times. However, if the market takes a direct route to the lower levels we have been...
November 10, 2015
Hugo Salinas Price is a Mexican citizen, born in the USA of an American mother and a Mexican father. He is 83 years of age. Married for 60 years to a Mexican wife; they have 18 grandchildren. He studied at three universities: Wharton Business School, Monterrey Tec (...
Gold remained range bound in the overnight session, as we traded within the high and low that was made in yesterday’s day and overnight session. We need gold to start moving higher if wave -ii- actually ended last Friday at the 1184.50 low.
In the short-term, gold and related items have a rough general tendency to decline into the US jobs report…and then to rally in the days (and weeks in some cases) following the release of that report.
Gold ticked up after an eight-day losing streak on Monday, but languished near its lowest in three months as surging US nonfarm payrolls boosted expectations of a December rate hike in the US.
The Silly Season – the Elect a President Cycle – is upon us. We pretend the candidates matter and care about the American public and their values, we pretend the election is important, and we forget that the outcome is heavily influenced and/or controlled by Wall...
It has been a rough few weeks for gold investors, as the price has experienced a waterfall decline of over $100. First, the price dropped through key support at both the 200-day and 100-day moving averages. Then it proceeded to violate the uptrend (green line) that...
That’s where it appears we are now, the final drive to the bottom. Rambus’ weekend charts still show how bearish the PM charts are and it will take a lot of work to turn them around and get them pointed back up, Having said that I see the initial components we...
One of America’s largest companies is preparing for problems in the banking and financial system and another financial crisis. Online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and silver coins in preparation for another...
The price of gold dropped abruptly Friday morning (Arizona time). How much of a drop? $10.30, as measured by the bid on the December future. How abruptly? That move happened in under a second.
This Friday's employment report could be a key piece of data for the gold market. Why?
November 9, 2015
By most standards, October was an explosive month, with domestic equities recording their biggest monthly gains in four years. But the most exciting news was that the global purchasing managers’ index (PMI) reading for the month of October rocketed up to 51.4,...
Awareness of the presence of manipulation in almost all markets is improving; it is the exception among markets not to find frequent complaints about evidence that the market is behaving in a strange and counter-intuitive manner.
China’s central bank likely added another 14 tonnes of gold to its reserves in October as the People’s Bank of China (PBOC) continues to allocate to gold bullion as part of a plan to diversify its massive $3.53 trillion in foreign-exchange reserves and position the...
November 8, 2015
In our previous article covering the long-term gold forecast, we made the case that the breakout in gold from the 1980 - 2009 consolidation below $850/ounce represents an extremely rare and powerful pattern in the commodity markets, a move that is likely to lead to...
The predictions made in the recent past for the dollar to rally and gold and silver to drop have proven to be correct. Gold has now dropped for 8 days in a row as we can see on its 3-month chart below, which common sense dictates is increasing the chances of a...
A week ago, it looked as if SPX was ready for a minor correction. This took place this past week with the index dropping 33 points. It is not clear if the correction is over or if, with Friday’s bounce, the index is preparing for another phase of the decline to...
I know that after four years of bear market, at this point everyone has basically given up on gold and left it for dead. But I can say with 100% certainty that every bear market eventually ends, just like every bull market eventually ends.
The Bureau of Labor Statistics presented the latest deceitful employment report Friday, November 6th. They reported that the unemployment rate was 5 percent in October. Of course there are 98 million Americans capable of working, but not working, who were not...
'Twas what that we wrote one week ago? Quote: "[Gold's] weekly parabolic trend remains comfortably to the Long side, resting well above the ascending blue dots as we see here." Now one week later, might we defer to the great Inspecteur Clouseau? Quote: "Not any...
Last week I discussed the step-sum bull box forming in the gold market in which the price of gold either goes up or trends sideways as its step sum trends bearishly downward. A bull box is a bullish development in any market as its shows the price of something...
November 7, 2015
Gold sector is on major sell signal. Cycle is down. COT data suggests lower prices ahead. Traders should sell short the bounces.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell signal and traders should sell short...
The higher than expected figure for US non-farm job creation of 271,000 has brought the Fed much closer to pushing the plunger down and exploding the global economy with its first interest rate rise in nine years.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – down as of 10/30. Traders can sell short the bounces during the current down cycle.
There are two things we know for certain about gold and silver: 1. Fundamentals do not apply [currently], and 2. There are no signs to indicate an end to this half-decade old bear market.
