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NEW YORK (March 22) Gold price finds a floor at around $1,940 in the calm before the FOMC storm on Wednesday. The recent banking crisis... Read More
NEW YORK (March 21) Gold price sold off nicely on Tuesday in textbook fashion as the technical analysis below illustrates. The yellow metal... Read More
LONDON (March 21) Gold prices witnessed limited movement in early Asian trade on Tuesday after hitting significant highs in the prior... Read More
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Our proprietary cycle indicator is UP. Our ratio is on buy signal. Trend is DOWN for USD. Trend is UP for gold stocks. Trend is UP for gold.
The price of gold spiked upward by $40 oz. on Friday. Reports by others point to the failure of Silicon Valley Bank (SVB) as sparking a "flight to safety" into the yellow metal. Gold, according to them, is the ultimate safe-haven hedge; where else...
Silicon Valley Bank (SVB) collapsed after experiencing an old-fashioned bank run. It started Wednesday when the bank tried to raise $2.25 billion in equity to shore up its balance sheet. Customers panicked and withdrew a staggering $42 billion -...
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The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB’s collapse, Signature Bank joined the record books as the third largest bank failure in US history. First Republic Bank also seemed on...
There was a surge in physical gold and silver purchases following the bank run that led to the collapse in Silicon Valley Bank. And after the UBS takeover of Credit Suisse this past weekend, that surge has continued.
With gold consolidating in the $2000 area, tomorrow’s Fed decision is likely the catalyst for the next move… Which could be a surge toward the $2080 highs!
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The national news cycle has careened from one extraordinary and alarming story to the next. The brewing crisis in banks remains front and center. Americans are watching a demonstration on how to take a crisis in confidence and make it worse.
Are my bank deposits safe? Was SVB an anomaly? Will more banks fail? While FTX was allegedly a clear case of fraud, SVB’s collapse was different. It was a result of a duration mismatch of its balance sheet and high-interest rates.
It’s the weekend, but our fresh Financial Crisis does not sleep. And a recent study says we’ve only seen the tip of the iceberg. The Washington Post wrote: “If banks were suddenly forced to liquidate their bond and loan portfolios, the losses would erase up to 91...
For those that have followed me through the years, you would likely remember at least one of the many major market directional calls we have made in many different markets through the years. And, while this list is clearly not all-inclusive, it does represent some of...
The best performing precious metal for the week was silver, up 10.16%, in response to the strong move in gold. Gold rose to a near six-week high, reports Bloomberg, as ongoing market turmoil linked to Credit Suisse Group AG spurred demand for havens.
Last week the banking crisis was in the US, as Silicon Valley Bank experienced a bank run, which led to its incredibly rapid demise.
In my last update, a few days ago, I thought that the dollar looked like it may have completed an intermediate top, and gold an intermediate bottom.
To pivot, or not to pivot? That is the question Fed Chairman Powell will have pondered over the weekend while tending chicken breasts, franks and burgers spaced meticulously on the grating of a 148,000 BTU grill.
Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%. Many bonds will become worthless.
The favored NFTRH plan is working out well as we planned the Q4 (2022) – Q1 (2023) rally back in November and as lumpy as it has been, it is intact to this day. Amid the fade in the inflation trades, our projected leadership (Tech and Semi, amid a disinflationary...
Events this past week are indicative of what could be a more formidable problem for the Fed, investors, and the economy. Before we talk about that, lets first emphasize the key point made in my article SVB, MMT, TNT.
We begin with this penned from two missives ago: "...two robust up weeks from here could end the Short trend with the 2000s then in the offing..." And that's exactly what Gold did unfold, price ascending from as low as 1813 two weeks ago to as high as 1994 just...
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week. The collapse of Silicon Valley Bank represents the second largest bank failure in history. While Treasury Secretary Janet Yellen insisted this week that the...
After the painful decline in stock prices last year, many investors have clearly come to the conclusion that this now represents another terrific buying opportunity. And if you look just at earnings-based valuation measures, you could be forgiven for thinking that,...
Adrian Day, the founder of Adrian Day asset management, returns to the show to discuss the recent Credit Suisse default swaps hitting a record high due to the SVB failure and the possibility of more banks failing.
The biggest gold-stock gains during major gold uplegs accrue in the mid-tiers and juniors. These smaller gold miners in the sweet spot for upside potential are just finishing reporting their latest quarterly results. How they are faring fundamentally affects their...
By now, you’ve likely heard about regulators closing down Silicon Valley Bank (SVB) and now Signature Bank as well. While I’m not going to go into all the details, the basic story is described well in this article on Seeking Alpha. Essentially, SVB received a large...
Gold's special properties mean that it has a greater variety of uses than almost any metal.
