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Gold Editorials & Commentary

September 27, 2015

Two weeks ago, I warned that September 17th would be a critical date: the perfect storm coming together with Mercury going retrograde and Jupiter opposing Neptune on the date that the FED announces its intents regarding interest rates. I also warned that gold stocks...

We believe the stock market has started a massive Bear Market that could last many years. The top arrived for the Industrials in May 2015. Since then, a new Primary Dow Theory Bear Market Signal was generated. Since June 22nd, 2015, the stock market, as measured by...

September 26, 2015

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.

Over the years, I have found cycle analysis to be one of the most useful tools for helping me forecast both gold prices and silver prices. Gold and Silver cycles last topped in May, and I expected the biannual cycle lows to arrive during the July/August timeframe....

September 25, 2015

I shall briefly address the impact of negative interest rates, should they occur, at the end of this report, after looking at this week's trading. The week started with a slow downwards drift for precious metals on Monday and Tuesday before a sharp two-day rally,...

Gold has lapsed deeper into pariahdom this year, becoming the most-hated investment class in all the markets. Traders are avoiding it like the plague, utterly convinced gold is doomed to spiral lower perpetually. But this wildly-bearish psychology is dead wrong....

Stocks Candlestick, T-Bonds & US$, Gold & Silver Bottoming and GDX & GDXJ analysis via videos.

For gold traders, the trend is likely to be a fickle friend during the next year and possibly longer. Consider developing a relationship with volatility instead. When we last wrote about gold prices, we cautioned that the July decline was probably a false move – a "...

After the President of the United States, the most powerful person on the planet is the Chairman of the Federal Reserve. Ask almost anyone on the street for the name of the US president, and you’ll get a quick answer.

Investors have no logical reason left not to buy gold and silver. The Federal Reserve is clearly involved in a failing bluff on interest rates that it dare not raise because the global economy is entering a recession.

Since 2008 the Keynesians running global Central Banks had always suggested that there was no problem too great for them to handle. They’d promised to do “whatever it takes,” to maintain the financial system and print the world back to growth.

The vicious and ever enduring bear market in precious metals has coincided with a bull market in equities, amid a strong negative correlation. The negative correlation is nothing new as it occurred and persisted from 1973 through 1978 and also from 1996 through 2002...

The relationship between stock valuations and the gold price is another widely discussed correlation. The standard view is that these two markets are negatively linked: when the stocks go up, the yellow metal dives, and vice versa.

September 24, 2015

My obsession with keeping losses down to literal small change would have stopped subscribers out of a beautiful trade Tuesday night. With the futures hovering near 1124.00, I’d recommended bottom-fishing with an 1121.70 bid, stop 1121.40.

The S&P500 lost 1.23%. The Dow Jones Industrial Average lost 1.09%. Indices around the world also fell… The Euro Stoxx 600, which tracks 600 of Europe’s biggest companies, lost 3.12%. Germany’s DAX lost 3.80%. Japan’s Nikkei 225 lost 1.96%.

Which of these best defines your thinking during periods when it seems failure is the likely option? If at first you don’t succeed … cut bait and scram. The race doesn’t always go to the swiftest of foot but the surest of step.

Clearly the title to this piece will be viewed as controversial, if not entirely heretical, by many readers. However, the facts (and more importantly) the economic principles here are unequivocal. “Bigger” is not better.

Last week the clock ran out on the Fed's latest bluff. They have gone 55 meetings over 80 months without a single tightening or rise in interest rates. Last week was supposed to be "different" and a tightening of credit was predicted by something like 82% of...

It appears we may be entering into another bout of deflation by the looks of some of the charts I’ve been evaluating. The US dollar will be the key driver if this second leg down is going to take hold. Many of the commodities charts are looking pretty heavy right...

A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird.

September 23, 2015

The Bank of England announces its latest cunning plan in its ongoing 'War on Cash' under the cover of Europe's refugee crisis that is witnessing Eastern European hypocrisy, such as that of Hungary forgetting its own past of sending hundreds of thousands of refugees...

Monday’s moderate weakness looks innocuous in the context of the bullishness of the 240-minute chart shown. Notice that the presumptive C-D phase of the rally begun from 1081.40 in early August stalled precisely at the 1141.90 midpoint pivot.

The future direction of the planet is between the central bank’s counter-party paper Ponzi currency or the independence of real money. Foresighted central banker John Exter is famous for his classification of risk assets. Using Exter’s Golden Pyramid the riskiest...

I want you to take note of the title to this write up. I did not ask if the 4 year correction has come to an end. The reason is that all indications are still that lower levels will be seen. But, it does not mean that the market cannot continue to rally before...

September 22, 2015

We were very bullish on gold starting from 2002 and our bullishness continued until the beginning of 2011. In 2011, we started to voice concern as the Gold camp was chanting “Kumbaya my love”, and almost every Tom, Dick and Harry in the Gold market were all busy...

Gold prices retreated on Monday after a strong rebound last week after the US Federal Reserve announced that it will not be raising interest rates. In what has become the most highly anticipated meeting of the Federal Open Market Committee (FOMC), the Fed announced...

As I write this update, US stock markets have already given up all of yesterday’s gains this morning. To make an already-bad situation worse, “Quadruple Witching Hour” occurs on Friday. Individual stock options, stock futures, stock indexes and stock index futures...

Gold was a little softer in the overnight session, reaching a low of 1125.70, at the time this Post was being written. We expect further minor softness as the COMEX session progresses.

All serious students of economics well know there are several factors that can inflate stock values…and even cause them to soar beyond common sense and corresponding fundamentals. However, there is one factor that dwarfs all others in its disproportionate material...

Gold prices peaked in January 1996…and then fell for 3.5 years into a multi-decade low. It was the age of stocks, debt, leverage, and good times; nobody needed or wanted gold.

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The periodic symbol for gold is AU which come from the Latin for gold aurum.

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