Syria: An example why gold and silver have not rallied; and an example of why gold and silver ultimately will rally. As a side note, never in the history of the world has a fiat paper currency ever survived. Never before in history has there been so much fiat-...
Gold Editorials & Commentary
October 10, 2015
Gold sector is on major sell signal. Cycle is up. A tradable bounce is in progress. 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.
October 9, 2015
For the past year and longer, financial-market expectations of US Federal Reserve interest-rate policies have been the single-most important determinant of day-to-day fluctuations in the price of gold.
Video analysis of Dow and dollar danger, gold and silver bullion bull wedge, GDX, GDXJ, & SIL bottoming action, and key swing trades.
The left-for-dead gold stocks have rallied dramatically this past week, surging to a major breakout. This pivotal technical event reveals the hyper-bearish psychology plaguing this sector in recent months is dissipating, paving the way for investment capital to...
From the movie “Rounders” regarding poker: “If you can’t spot the sucker in the first half hour at the table, then you are the sucker.” Hypothetically speaking the players at the global poker table could be: The Federal Reserve borrows dollars into existence to...
I’d like to address some aspects of the Greater Depression in this essay. I’m here to tell you that the inevitable became reality in 2008. We’ve had an interlude over the last few years financed by trillions of new currency units.
The IMF have been growing more vocal in recent weeks about the possibility of another financial crisis and severe recession. The head of financial stability at the IMF, José Viñals has said that this outlook “does not rely on extreme assumptions at all”.
BIG PICTURE – Global business activity is slowing down and the majority of the developing nations are experiencing severe economic problems. Over in the developed world, Japan is contracting again, Euro zone is barely growing and even America’s leading economic...
October 8, 2015
Gold is in the process of retesting its breakout from a multi-decade consolidation stretching back to 1980. The significance of such a retest cannot be understated: multi-decade consolidations usually lead to multi-decade advances, with targets many times the...
The Central Banks hate physical cash. So much so they there will likely try to ban it in the near future. You see, almost all of the “wealth” in the financial system is digital in nature. The total currency (actual cash in the form of bills and coins) in the US...
With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed a financial move that appeared to undermine its own position but instead created trouble for the US; how much is still to be...
The German Bundesbank released an inventory of its gold reserves yesterday in order to quell ongoing public concerns about the true amount of actual unencumbered reserves and the location of the reserves stored in vaults in Frankfurt, London, Paris and particularly...
October 7, 2015
What gold and silver investors want to know above all is when the bull market will resume. In a very real sense, it already has resumed. Futures market prices aside, evidence abounds that a raging bull market in physical precious metals is now underway.
For many years now, it’s been clear that China would soon be pulling the strings in the U.S. financial system. In 2015, the American people owe the Chinese government nearly $1.5 trillion.
Gold was money in the distant past and it will probably be money in the distant future, but there is no developed economy in which gold is money today. In this post I’ll explain why.
The future direction of the planet is a choice between independent money and the central bankers counter-party paper Ponzi. Gold is independent monetary wealth with incredible wealth value that cannot go broke and over time will progress in value.
October 6, 2015
Since 2011, it has been quite clear that the metals have been in a downtrend, while equity markets have been in an uptrend. But, over the last several months, I have mentioned in our Trading Room at Elliottwavetrader.net that I think we may see a paradigm shift...
The unwillingness of our government to charge and try the elite white collar robbers of theft from the working man during the 2007-08 has only propitiated a continued increase in pilfering over the past seven years. I have been writing about these Wall Street as...
Gold was stable in the overnight session, being range bound between 1141.60 and 1129.60. Our current thinking remains unchanged with wave ^i^ of *iii* ending at 1141.50, and the current trading being wave ^ii^. If we are correcting in wave ^ii^, then our expected...
The bullish outlook for gold prices was covered by Dow Jones Marketwatch yesterday. “Gold prices may be ready to make a significant move higher as holdings of the precious metal in the SPDR Gold Trust exchange-traded fund climb to their highest level in more than...
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...
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...
