Palladium was the best performing precious metal, gaining 5.26 percent for the week, with continued follow-through from the Volkswagen scandal. The gains are largely speculative as it is not likely that Europe or Volkswagen will abandon diesel vehicles as their main...
Gold Editorials & Commentary
October 6, 2015
Truth be told, the Fed should have raised rates in 2011 or 2012. Even if the Fed had an excuse not to at those times, it should have hiked them in April 2014, when we hit its unemployment rate target of 6.5% (assuming this number is correct).
My commentary this week will be spotty as I am travelling. As my available time to write is limited, below is a comment from reader "J.H." in regards to the theory of a "truth bomb" being released by Mr. Putin. My comments will follow:
October 5, 2015
The Non-Farm Payrolls number, announced on the first Friday of a new month, is reported to be the most watched official economic statistic in the US. On Friday, the expectation from economists was for a number just in excess of 200 000.
The popular belief that the US economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy...
“If the Fed increases the money supply, it will NOT drive gold higher. Gold will rise when confidence in government declines. That is the issue. There is a time to buy and there is always a time to sell. It’s Just Time.”
The September Non-Farm Payroll Report came in with a net increase of just 142k jobs. The unemployment rate held steady at 5.1% and the labor force participation rate dropped to the October 1977 low of 62.4%. Average hourly earnings fell 0.04% and the workweek...
Let’s get right to the charts today as there is so much to cover. Starting with the daily gold chart you can see the blue triangle pattern we’ve been watching now for several weeks or so. Last Thursday gold closed right on the bottom rail which I knew was an...
In a stark warning, the Bank for International Settlements (BIS), the central bank of central banks, has said in its quarterly report that the turmoil that has shaken global stock markets in recent weeks showed how developed and emerging markets were exposed to the...
October 4, 2015
As most of you probably know the largest rallies occur during bear markets. They tend to be very aggressive and powerful. This is how one can tell the difference between a countertrend rally in a bear market and a rally in a new bull market. I’m going to suggest...
Last week SPX broke the two minor support levels mentioned, but was stopped at the bottom of the primary channel…and subsequently bounced. This bounce also had to do with the completion of an apparent 5-wave pattern from 2020.
The fiat money system should be branded a “crime against humanity” because of what its unbridled excesses must inevitably lead to - chaos, destitution and war - which is what we are clearly heading towards.
Last week, I was looking for a counter trend rally…and we finally got it starting September 30. The stock market formed an irregular bottom on September 29…no doubt due to Mars square Saturn on September 25th and the super-moon lunar eclipse of September 27th. On...
Prior to yesterday's (Friday's) report on our StateSide September Slump in payrolls growth, Gold's performance since having achieved "lift-off" (two missives ago) has rather been that of a vehicle from Kim Jong Un's toy box: a rocket which after launch and...
October 3, 2015
The signs of deflation are now flashing all over the globe. In our estimation, the possibility of an associated financial crisis is now dangerously high over the next few months. As we’ve been saying for a while, our preferred model for how things are going to...
There are two things about which everyone need be clear: 1. The lack of clarity of the identity of the global elites, aka Rothschilds and their ilk, who control the world’s money supply along with every government, and 2. The demise of the fiat “dollar” and failed...
The latest delivery figures from the Shanghai Gold Exchange (SGE) remain remarkably high with 65.7 tonnes withdrawn in week 38 (ended Sept 25th) making a massive total so far this year of 1,958.7 tonnes.
For those that remember back to 2011, as the metals were moving up in a parabolic move, everyone was on the “bullish team.” I heard stories from brokers about how investors were taking out home equity lines to buy gold and silver, since it was such a sure thing...
At buygoldprice.com, we use a combination of cycle and technical analysis tools to forecast precious metal prices. Though these tools are not flawless when combined, they often forecast certain lows, give or take a few days. Below are the updates released to Premium...
Gold sector is on major sell signal. Cycle is up. Looking for a tradable bounce lasting a few weeks.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.
Fund manager, author, and geopolitical strategist Jim Rickards, writing for the Daily Reckoning, noted again yesterday that central banks can always create inflation by devaluing their currencies against gold.
October 2, 2015
Lately one cynic after another, some of which claim to be experts are all marching to the same drumbeat. The Chinese economy is in trouble; the Chinese markets are going to continue crashing. The Shanghai index experienced an astounding advance over a brief period...
Several statistics were reported this week, and in large measure, they disappointed analysts. Personal Income was up, but Personal Spending was up even more. This means that Americans were adding even more debt to their balance sheets. Since savings is where the...
We have been using the Tinder Box theme in NFTRH lately. As in, stock market sentiment is so bleak, so depressed as to be a Tinder Box with the elements to ignite a flame that bounces the market…to clear the over bearishness at least.
Gold tends not to leave India once it enters. As the world’s largest importer, the country consumes massive quantities of the yellow metal—it’s on track to take in 900 tonnes of the stuff this year—where it remains in private families’ coffers, mostly in the form of...
The stock market just finished a brutal third quarter… The S&P500 fell 8%...and so did the Dow and the NASDAQ. It was the worst quarter for US stocks since 2011. Stocks around the world dropped too. The MSCI All-Country World Index, which tracks 85% of global...
Traders today universally believe inflation is dead, that there is no persistent decline in the purchasing power of money. That’s what government price indexes around the world are indicating. But this false notion is one of recent years’ main Fed-conjured...
DOW & Bonds, Nasdaq Bear Signal, Gold, Silver & Copper, PM Stocks Analysis via videos.
The daily chart of the Dow Jones Industrial Index shows a significant technical non-confirmation: The On Balance Volume segment of the chart has been falling in the face of a rising Index, which indicates that sellers have been taking advantage of rising prices in...
Two months ago the precious metals complex became extremely oversold and ripe for a rebound. Two months later and the overbought condition and bearish sentiment has been alleviated to some degree. Sadly for bulls, Gold barely rebounded while both Silver and gold...
