Western demand for physical gold has never been very large, and now it is declining. Seasonally, gold often rallies in mid-November, because of the Indian festival season. Unfortunately, heavy-handed government import restrictions there...
Precious metals market investing requires patience, and an international outlook. “We have gone on and on about the FED tapering, but if you look at the scale of what the BOJ is doing, that has huge global ramifications. I suspect behind...
I’m becoming increasingly concerned by emails that I’m receiving from amateur investors. These emails tout a fabulous future for the American stock market. Many stock buybacks have occurred, but actual earnings growth for American...
Many gold analysts believe that Janet Yellen is bullish for gold. Others note that gold sold off as she was confirmed as the next head of the US central bank. That’s bearish.
Historically, gold futures prices often make an intermediate trend bottom around mid-November. This price chart from Dimitri Speck provides a good picture of average seasonal price action. Arguably, Indian festival buying is the main...
There are numerous measurements of the supply of money, and the Federal Reserve Bank of St. Louis has charts for most of them. These charts should be of particular interest to gold price enthusiasts, because they can indicate whether...
The US government is finally releasing the jobs report today. Most institutional players are expecting the report to show that about 180,000 new jobs were created in September. Many analysts believe this report is not too important,...
The price action of gold has been relatively “tame” recently, despite all the drama and emotional excitement created by the US government shutdown.
As one deadline after another passes, the US government is beginning to shut down. This is a truly horrific situation, and I'm stunned by the incredible complacency being exhibited by stock market investors. For decades, I've labeled the...
CNBC announced this morning that a total shutdown of the US government may limit gold's price decline, and there is a new rumour that CNBC may announce later today that if the known universe is 100% destroyed, that event could also limit a...