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NEW YORK (June 6) Wall Street futures slipped on Tuesday as investors assessed chances of the Federal Reserve holding interest rate at its... Read More
NEW YORK (June 6) Gold price struggles to capitalize on the previous day's modest recovery from the 100-day Simple Moving Average (SMA) and... Read More
WASHINGTON (June 5) Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default,... Read More
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Gold sector cycle is down. Trend is mixed. A correction is in progress. We are holding core positions and hedged.
When President Nixon slammed shut the gold window for foreign holders of U.S. dollars, it was the final step in a planned exit from the gold standard. It was also tacit admission that the United States government, in conjunction with the Federal...
Since my last article posted back in early-May (i.e., 'Gold Cycles Move into Mid-Term Topping Range'), Gold has moved sharply lower, with the metal dropping over $150 - into the most recent swing low.
The Russel 2000, Nasdaq, and S&P 500 triggered Hindenburg Omens in May. The odds of a recession remain near 100% and could start as soon as July. The Annual inflation rate in Argentina exceeds 100% for the first time.
Latest Gold Articles
Very little happened in the precious metals market yesterday, but something major happened in stocks. And it has important implications for PMs.
There are many reasons to own lots of gold and silver (and mining stocks). De-dollarization, stagflation, empire transition, rampant debt, etc. The list is substantial. These are fundamental drivers of the gold price for the long term… meaning not just years or decades...
The best-performing precious metal for the week was silver, up 1.48%. snapping a three-week losing streak. Despite the decline in gold prices due to mixed U.S. jobs data and expectations of further interest rate hikes by the Federal Reserve in recent weeks, gold is...
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Let's start out with a dose of pure honesty. Newmont (NYSE:NEM) is a giant. In fact, it's a giant-diversified octopus of a corporation with operations on four continents. In the first quarter of 2023, it produced 1.27 million gold ounces and 288K GEOs (gold equivalent...
America may now be entering the part of the inflation cycle nobody likes. The feeling of prosperity cultivated by COVID stimulus payments, expanded unemployment benefits and student loan forbearance is wearing off.
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 339,000 jobs in May, well above forecasts. The unemployment rate rose slightly from 3.4 percent to 3.7 percent (month over month).
The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishment’s nightmare of a government default on its debt. Rather, it allows...
In this interview, Robert Sinn, @GoldfingerCapital provides a short-term and medium term outlook for Gold. We discuss both the current bullish and bearish drivers and the outlook for the second half of the year.
We got our second test of the intermediate uptrend line this morning. Gold has bounced again and I'm gonna caution again that almost all intermediate cycle declines unfold at least as an ABC pattern, so you get an A wave down, a bounce B wave bounce and then a C wave...
We have hardly been the first nor the last to realize that rising rates “break things.” We’ve all seen the disastrous credit events in the repo crisis of late 2019, the UST debacle in March of 2020, the gilt implosion of October 2022 and, of course, the banking crisis...
Although Gold has pulled back and its latest breakout attempt failed, it remains fairly close to the most significant Gold breakout in 50 years and the most significant macro breakout since the S&P 500 broke out in 2013.
As I was going through my wallet the other day I came across a bill that was rather folded and scrunched up. If you are older than 20, you can probably relate. It had obviously changed hands countless times in its life. Somewhere along the way someone must have hastily...
Killing an inflated economy is proving to be touchy (and sticky) business. As manufacturing continues to weaken and forward inflation signals continue to fade (per 2023 trends), the Good Ship Lollipop sails on with its vaunted (is that another word for bloated?) and...
Carley Garner joins us today to discuss the chaos in the markets and the Federal Reserve's dilemma. She shares her insights on the Fed's attempts to control the business cycle and the consequences of its actions.
As it stands right now it looks like gold has gotten rejected from the 2000 level, and also from this 10-week moving average. This is one of the signs that I watch that tends to indicate an asset is in the declining phase of its intermediate cycle.
On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to "solve" the problem.
Point: One of the long-standing trading tenants of “The Smart Alec Dept.” is to “buy the rumour” and then “sell the news”. We thus present the quintessential example of such grip n’ trip treatment: Gold.
Hot off the press; by the skin of our teeth, RINO Republicans and Commie Democrats came together yesterday to save the United States from default, one more time.
On our Daily USDX Chart we have shown our count for wave a, and we are now working on the assumption that it is complete at the 100.42 low. We should now be rallying in wave b, which has the following retracement levels:
In today's video I want to caution gold bugs to again take any bounce with a grain of salt as ICL's almost always unfold as an ABC, at least an ABC move down...
14 karat gold is 58.5% pure gold
