Gold sector is on major sell signal. Cycle is up. A tradable bounce is in progress but upside should be limited.Silver is on a long-term sell signal and investors should be in cash or short. Short term is on buy signal and traders can play for a corrective bounce....
Gold Editorials & Commentary
October 17, 2015
Long-term – on major sell signal since Mar 2012 when $HUI was at 550. Short-term – on buy signals. Gold sector cycle – up as of 9/11. Traders can play for short term bounces but upside should be limited from here.
October 16, 2015
The precious metals sector, after failing to breakdown has enjoyed a strong rally in recent weeks. Gold, Silver and junior gold miners (GDXJ) have reached their 200-day moving averages with senior miners (GDX) close behind. While this is a positive development it...
One has had to search quite hard to find a point of neutrality in the metals market over the years. If one had performed a search in the past, they either encountered gold bugs, which are super bulls, or gold haters, who believe that gold will never be a good...
Market Analysis via videos.
Despite gold blasting higher this month, this metal remains deeply out of favor among investors. They have shunned it for years thanks to extreme central-bank money printing levitating stock markets. This slayed demand for alternative investments, led by gold....
We had the great pleasure of interviewing John Butler of Amphora Capital yesterday and announced that John is now working as a consultant with GoldCore and helping us advise HNW clients and institutions on strategies with regard to allocating to gold.
The title does not include a (?) after it -- and that is for a reason. The gold sector’s fundamentals, both sector-specific and macro, are improving and this was not the case during the last exciting upturn in the sector circa summer 2014.
A quick update on GLD for the readers - and by request… GLD reported another nice build in reported gold holdings today – about 5 tons. That comes on the heels of a nice increase the previous day of some 7+ tons.
October 15, 2015
By the time Goldman Sachs published its widely referenced warning of a third wave in the global financial crisis (mid-October), the physical precious metals' markets were already feeling the strain of very strong demand against a rapidly dwindling supply.
In this updated gold price forecast, we will look at short, intermediate and long-term gold price targets. I also have a silver price forecast explaining the possibilities of a $300 price target for silver and how I plan to turn precious metal profits into lasting...
The gold market is turning around right before our eyes and still hardly anybody seems to be paying much attention, while stocks markets wither on the vine and the US economic outlook weakens by the day. Gold prices were up more than two per cent on Wednesday and it...
The surprises are going to the upside for gold…and that is obviously a change in behavior. The miners are roaring higher and are outside of their Bollinger Bands for multiple days, a sure sign of strength. Up until very recently, the Investor Cycle had showed us...
As the death of the world’s reserve currency grows closer, the U.S. continues to export one hell of a lot of gold. Matter-a-fact, the U.S. exported so much gold over the past three years, it suffered a deficit large enough to equal two years’ worth of its domestic...
Gold is rocketing higher during the first two weeks of October, up roughly $75 to $1,185 today. This is a gain of 6.7% in just two weeks as investors are increasingly betting that the gold price has bottomed.
“In a world where the value of paper money is affirmatively aimed at being degraded by central bank policy, it’s kind of surprising to me that gold can’t catch a bid,”
the billionaire and member of Bloomberg Markets 50 Most Influential said at the SOHN Investment...
October 14, 2015
It has been a while since I have written anything close to being considered a "rant". Instead, using cool and common sense logic of connecting dots for readers has been my method of choice. Over just the last several weeks, the "obviousness" of what is coming has...
Inflation rate in the U.S. is hovering near the zero percent level for the past year. The PECEPI (Personal Consumption Expenditure Price Index) has stayed well below the FED's 2% target rate since March 2012.
Gold prices are headed for a critical test according to The Week today. The Federal Reserve’s ‘wait and see’ stance suggests policymakers there are in no rush to increase rates this year. “Sentiment over interest rates has been controlling gold prices all year,”...
If you ever get the chance to go camping near an old gold or silver mine, take it. I did years ago. Not only is it a great experience, but it made me a better metals investor too. Why? Well, there’s nothing like seeing long-dead, abandoned mine works with your own...
As predicted, everyone started calling a top yesterday when the miners (Market Vectors Gold Miners (N:GDX)) corrected and all gold did was retest the triangle breakout. This will continue all the way up. Instead of just riding the trend, traders will be forced to...
October 13, 2015
“Gold is a safe haven.” “Gold is a hedge against market volatility.” We have all heard these sound bites countless times. Analysts seem to dust them off every time the market declines and the metals rally concurrently. In fact, many of them were making these...
Financial market turmoil has been what was needed to rekindle investment interest in gold, as we have argued in our investor letters this year, here and here. The onset of a bear market is what we envisioned in making this statement. A preliminary glimpse of what is...
Gold was lower in the overnight session reaching 1151.30. On the Intraday Chart, it appears that the rallies are impulsive looking and the setbacks corrective looking, which is bullish. Based on that observation, it is likely that wave ^iii^ is now subdividing also...
When gold prices rise in earnest (ask the High Frequency Traders for a precise date) they are likely to rise rapidly and cause financial media comments such as, “Nobody saw that coming…”
More and more “experts” are calling for Negative Interest Rate Policy or NIRP. The US Federal Reserve is obsessed with market reactions to its policies. Because of this, anytime the Fed plans to announce a major change in policy, it preps the markets via numerous...
Is the US dollar still the most important safe haven for fiat enthusiasts? Simply put, the yen acted as a safe haven during the stock market crash, and the dollar acted as a “risk on” asset. The dollar is now trading in a fairly large symmetrical triangle pattern,...
Gold remains our best means of economic measurement. It is not a perfect, but it is our best. Due to its monetary properties, gold can be used to measure wealth across generations.
While some continue dancing, the music might have already stopped: are we already in a bear market in stocks? In this context, we study past bear markets to see whether gold may serve as a valuable diversifier for what's ahead.
In an environment of Low Interest Rates, Exploding Debt, Slow Economic Growth, you need a Reliable Store of Value. Gold prices continued to rally on Monday, extending gains made towards the end of last week. However it seems that the price of the yellow metal may...
