Gold’s nasty divorce from the U.S. dollar was finalized in August 1971 when President Richard Nixon suspended any further convertibility of U.S. dollars into gold by non-U.S. citizens. That action removed any remaining links between the...
Every time gold stocks hiccup to the upside, there is a groundswell that emanates from the depths of disappointment and disillusionment. Promoters use words like exhaustion and capitulation to describe the conditions surrounding what they...
Below are my comments and answers to various questions about gold, inflation, and the Federal Reserve. They are “for the record” so to speak, and are meant to be taken literally and specifically…
As investors and others continue to jockey for position in order to announce that “the bottom is in for gold” or that “gold owners received an early Christmas present” or “crypto failures will translate to higher prices for gold”, it is...
We think we know most (if not, all) of what we need to know about gold. Investors do their research and marketers spin their best yarn(s). Support is offered with an amazing array of fundamental and technical factors on display for all to...
Making such an absolute statement may sound bold; even arrogant to some. There is, however, perfectly sound fundamental reasoning underlying the claim. So before you dismiss it out of hand, hear me out.
Over the past couple of months, since the posting of my article Gold Charts - $1450 the price of gold has done nothing to indicate a change in direction or reversal of any consequence.
Question No. 1. What’s wrong with gold? Question No. 2. Inflation is roaring and gold is dropping in price. Since gold is an inflation hedge, why isn’t its price going up?
When the gold price declines or doesn’t go up according to expectations, analysts and investors begin looking for explanations. As the price drops further, claims are made that gold is undervalued.
Inflation is the primary game plan of governments and central banks. Its effects have left their mark on societies throughout history. As the effects of inflation continue to dominate headlines, financial and economic activity is...