On July 17, in the first update since 2009, the People’s Bank of China said it owns about 1,658 metric tons of gold, implying purchases of just 100 tons a year. That’s significantly less than consensus expectations and thus leaves the door open for further...
Gold Editorials & Commentary
July 27, 2015
A few readers may think this editorial analysis is far-fetched and possibly unlikely. Nonetheless, it is about FIVE well-known billionaires, who have become FILTHY RICH during the recent secular bull market in US stocks.
Research Director and founder of GoldCore, Mark O’Byrne, was interviewed by Bobby Kerr on Newstalk’s “Down to Business” on Saturday morning. A range of aspects pertaining to gold and the gold market were discussed including the rarity of physical gold; the enormous...
For those who are speculating on the dollar—i.e. most people—there was good news this week. The dollar rose almost a milligram, to 28.3mg gold. That’s a big gain, and welcome news for those who keep all of their eggs in the one dollar basket, perhaps because they...
Over 2 years ago I presented my first analysis of this precious metals bear market. After extensive study of the characteristics of past bear markets, I forecast a brutal bear market that would undergo three psychological stages. The third stage would be a wrenching...
Last week, I mentioned that the technical aspect of the rally left something to be desired. This was proven correct by the SPX action in the past week. With the technical deterioration not only continuing but increasing, the 1040 level which has confined prices to...
Gold cracked support and plunged to new lows since the last update, which came as no surprise to us. So what now? We are seeing signs that a recovery rally is about to begin, but it probably won’t get all that far before a new down-leg gets underway that sees gold...
Last week saw markets top out. Therefore, it wasn’t difficult to predict resistance levels after such a strong previous two week. Consequently, there are some stocks which are holding up…so I did do some buying. So it ended up being a solid week for me and my...
July 26, 2015
One of the big questions which the gold sector may be asking is what is the low gold price doing to Chinese demand. Have the Chinese become disillusioned with gold given they piled in so strongly in 2013, when Shanghai Gold Exchange withdrawals for the year hit a...
We wrote on July 5th that Markets Become Scary: Crash Point Or Turning Point? Now, only 3 weeks later, the situation seems to be escalating. Let's get it straight: this is a serious deflationary bust in the making. The most worrisome fact is Dr. Copper's technical...
It’s occasionally useful to stand back and examine markets from a long-term perspective. So, I’ve prepared the table below showing the 15-year gains in the Dow Jones Total Market Groups (DJTMG / weekly basis) along with precious metal assets (Black & Gold),...
Apropos of this week's title, irrespective of the -- and indeed ever-ignored-- above scoreboard valuation at $2,523/oz., the following chart is the daily price of Gold from its highest closing level ever (1900.4 on 22 August 2011), as linearly regressed through...
Mother of ALL STOCK BUBBLES…is fueled by unreasonable complacency and unfounded Irrational Exuberance (per Alan Greenspan)…and tempered with abominable ignorance of historical precedent. OH…yes and without any doubt unbridled greed blinds gullible investors to the...
July 25, 2015
We have already written that China updated its official gold holdings. However, because there are still a lot of misunderstandings about the impact of this event on the gold market outlook, we will examine this issue in a more detailed way.
We believe that a bottom in Mining stocks and precious metals is imminent, ending their long corrective Bear Market since September 2011. Friday July 24th’s price action formed a Hammer candlestick pattern, which often appears at bottoms.
It is reasons such as these, below, that drives the importance of owning and holding physical silver and gold. The fundamental reasons everyone already knows exists but do not apply are important, but the power of the elites to rule over all [at least Western]...
Gold sector is on major sell signal. Cycle is down. Traders should be in cash or short. COT data is now favorable for a tradable bottom soon. Silver is on a long term sell signal and investors should be in cash or short. COT data reveals that a tradable bottom is...
There are a multitude of macroeconomic discussions I have heard by “experts” in the metals world over the last few years. Quantitative easing, supply and demand, fiat money and fractional banking, the Fed’s “plan” to destroy the US Dollar; yes, the issues have run...
July 24, 2015
Investors worried about the coming explosions in the financial system purchased record numbers of Gold Eagles in July. Not only are July sales of Gold Eagles the highest in 2015, they surpass all monthly totals for the past two years…. and we still have another week...
After planning to take this week off for a little rest, market gyrations have changed the plan. Initially next week I was going to pen a piece titled "Truth, Justice and no longer the American way". This will now wait a bit.
Gold stocks suffered a full-blown panic this past week! This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold. After gold’s major multi-year support failed in this Machiavellian...
US Stocks, Gold Close, Silver Arc, GDXJ & More Key Gold Stocks analysis via videos.
We have already shown that neither mining production, nor technological demand drives gold prices, since gold – thanks to its
- Bail-ins are the biggest risks now facing Greek savers and businesses. - ‘The Economist’ warns bail-ins in Greece would be “extraordinarily counter-productive” - Capital controls choking small and medium size businesses. - Greek liquidity crisis now a solvency...
There is still no sign of any serious buying occurring in the gold mining sector. The HUI continues to plummet lower and has fallen to levels last seen in October and November of 2002! This is simply astonishing for its ferocity.
Recently we’ve been writing about the downside potential in precious metals and the danger for precious metals bulls. The gold miners and Silver have led the rout while Gold finally cracked support ($1140-$1150/oz) last week. That led to a severe selloff across the...
July 23, 2015
Examine the 20 year log scale chart of monthly gold. I have drawn lines connecting highs and lows. The result is an expanding channel or megaphone pattern. The increasing prices are exponential (log scale chart) because of exponential increases in debt, money...
Identity problems? Rachel Dolezal wants to be black, Bruce Jenner a woman, or how about Donald Trump for President. Identity problems? No, it is identity theft comparable to the “happy times are here again” mania, fueled by cheap debt and a borrowing binge which has...
Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market is vulnerable to manipulation through short-term rigged market trades, and long-arm central bank interventions.
In my previous article we talked about the core traits that successful juniors (penny stocks) have in common. Today, I would like to talk about how you should invest in these companies so you don’t lose all your money and avoid these stocks for the rest of your life...
