Rudi Fronk and Jim Anthony

Rudi Fronk and Jim Anthony Articles

The global financial crisis of 2008 was essentially caused by excessive leverage, a loss of confidence in real estate credit and a resulting sudden collapse of liquidity in the financial system. The central bank response was to lower...
Positioning, sentiment and market structure favor a powerful rally in gold. The COTs released by the CME on September 7, 2018, show the gross speculative short position grew 1.3% to 213,259 contracts, just shy of the all-time record set...
The CME COT report of July 27 shows non-commercial gold shorts have suddenly spiked to a 25 year high. Over the past five years, every similar spike in short interest (red arrows on the chart below) has led directly to a short squeeze...
Gold is the ultimate safe haven for two simple reasons. First, its total above-ground supply only grows 1.4% per year, no matter what anyone does (and even this rate of increase is starting to fall as production levels have peaked). Second...
For nearly four months now, gold has been pressured lower by a rising dollar; the inverse correlation has been almost exact. Gold has dropped 5.2% from its January 25, 2018 close of $1,362 to its May 16 close of $1,291.50. Meanwhile, the...
We were anticipating a modest one or two week correction prior to the resumption of the short-term upward trend, but all we got was a two-day pullback. The gold-market correction that appeared to get underway during the first half of last...
Where is the gold bull market that we predicted would begin about now? Here is our broad-based overview. The financial markets continue to expect an aggressive Fed going forward with four—even five—rate hikes this year and a continuing...
Is inflation good for gold? It depends. If inflation provokes a hawkish Fed to raise rates faster than inflation, not so much. But if the Fed is worried about the stock and bond markets and therefore won't raise rates fast enough to keep...
As we have noted here before, we believe that financial markets have generated the biggest bubble in history. There are many supporting facts for this view, from extreme measures of market sentiment to prolonged record low volatility,...
Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar hit its recent high exactly when gold...

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Seventy-five percent of all gold in circulation has been extracted since 1910