Okay, now I am getting geeked out. One of the most fun and rare times in what I do is when something big happens that I feel in my gut means something, but about which I am not able to come forth with a ready explanation of the meaning (without sounding like a know-...
Gold Editorials & Commentary
March 29, 2019
On March 6th, I put out a “less-than-ideal” BUY SIGNAL on the precious metals but made the comment that silver needed to get “in gear” lest the rally fail and true to form, the rally failed two days ago when silver couldn’t even surmount its 50-dma while gold did...
March 28, 2019
Gold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks...
The U.S. dollar is on the move and many currency pairs are feeling the heat. Keeping a watchful eye on the hints dropped along the way is a surefire way to gain. The pairs of our interest have been building upon their recent moves to our satisfaction and if not...
The U.S. yield curve extended its inversion. Everyone and their brother knows that recession must definitely be on the horizon. We are all doomed, so gold can only go up now, right?
Generations of people have learned to live with boom and bust economic cycles. Years of relative plenty were followed, as night follows day, by grief including high unemployment and forced emigration on a large scale.
March 27, 2019
Late last year, Barrick Gold, the world’s largest gold miner in terms of reserves, made headlines when it announced its acquisition of Randgold Resources, in an $18bn mega-merger that marked a key moment for the mining industry.
I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanying momentum breakdown, which we can see on gold’s latest 8-...
Bond yields are crashing in major markets all around the world as fears of a global economic slowdown have prompted investors to seek shelter in low-risk government debt. Both Germany and Japan’s 10-year bond yields are back below zero, marking the first time we’ve...
We previously wrote about the situation being similar to 2012 with regard to overall price movement in gold and in particular with regard to the 61.8% Fibonacci retracement that has been just reached. The yellow metal declined by a few dollars yesterday, just like...
In our view, the gold story is getting much simpler and much more urgent. Here is how we see it. The Fed cannot exit QE. QE is a failed policy. More QE is coming. Buy gold to preserve capital.
A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing Gold from the corrupt clutches of the Anglo-American banker organization.
April Gold’s tortuous slog toward an ‘easy’ rally target at 1332.00 warrants a closer look at the bearish case. For if the futures were to fall just $9 to the green line shown in the chart (click on inset), that would trip a theoretical sell signal to as low as 1255...
Maybe you have some gold (and silver) but not enough. Maybe you haven't added to your stash for quite a while, and you kinda' forgot why you bought it in the first place. Or perhaps you don't own any precious metals at all!
March 26, 2019
This is the long-term gold chart. Fundamental and technical analysis are both strongly supporting gold’s rally towards the key $1400 area. Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.
The yield curve followed suit of the Fed and also inverted. Inverted yield curve is a sign of an incoming recession, they say. However, what is the background of this yield inversion and how will gold react to its emerging story?
Back in the 1940’s, Ralph Nelson Elliott once noted: At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.
With so much news hitting the wires regarding the Treasury Inversion level and the “potential pending recession”, we wanted to shed a little insight into this phenomenon and what we believe the most likely outcome to be going forward. Our researchers believe the...
Since last spring we’ve written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks. The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.
Here is what I wrote at 7:00 a.m. Friday morning with the S&P futures called down 10 points: "There are certain times in one's trading career when despite all of the planets appearing to be aligned in one's favor, a large asteroid comes along and spoils the...
Boeing and the Federal Aviation Administration worked closely together to hustle a new passenger jet through the safety certification process. The combined efforts to save time and cost, coupled with little sense of accountability, resulted in a tragic safety flaw...
March 25, 2019
Last week, I ranted about the problem with our monetary system and trajectory: falling interest rates is Keynes’ evil genius plan to destroy civilization. This week, I continue the theme—if in a more measured tone—addressing the ideas predominant among the groups...
While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment...
Some things change, and some things don’t. On the precious metals market and the related ones, we currently have both. There are trends that were unaffected by last week’s developments, but there are certain markets that made powerful moves and flashed important...
According to the Congressional Budget Office, the deficit this year will be $900 billion, more than 4% of gross domestic product. It will surpass $1 trillion in 2022.
Our researchers have been glued to Gold, Silver and the Precious Metals sector for many months. We believe the current setup in Gold is a once-in-a-lifetime opportunity for skilled traders to stake positions below $1300 before a potentially incredible upside price...
There is a ratio chart, $Gold:$XAU, we haven’t looked at in quite a while that has helped us in the past to locate some important turning points for the PM stocks. I’m not going to get into all the details tonight but this ratio chart shows you just how undervalued...
Last week I pointed to the relative weakness which had developed between SPX and some leading indexes such as IWM and XBD, all of which have a good track record at calling market tops. For a few days, I thought that the market was going to prove me wrong -- but not...
March 24, 2019
The Dow Jones saw some selling pressure this past week, closing down 4.94% from its last all-time high of October 3rd of last year. Time to press the panic button? Not as far as I’m concerned, but then I also have no exposure to the broad stock market. But...
A foundational phrase throughout these many years of penning The Gold Update is "Being Short Gold is a bad idea." 'Cept that since 06 September 2011 when the price of Gold peaked at 1923, Short has materially been the side to court, or as the French would say "la...
