Most Americans have spent the last few years pressed up against the proverbial bakery window, watching the 1% enjoy a life of ever-increasing wealth and seemingly total indifference to the multitudes who aren’t favored by zero interest rates, big trust funds and ...
Gold Editorials & Commentary
February 5, 2018
Last week, we took a break from the theme of the consumption of capital, for our annual Outlook 2018 report. We are going to leave the topic for one more week, while we address a market move which is on everyone’s mind.
I’ve spent over thirty years analyzing markets and have noticed an interesting correlation between the Wall St. Markets (stocks, interest rates) Gold (and the mining shares), the Dollar Index and Oil. In the charts below, I describe what I call “shadows” of the past...
Last week, principally on Friday, SPX (and the market in general) experienced the sharpest and most spontaneous correction in quite a while with little, if any, warning. For reasons stated in the above analysis, I feel that the bias does not favor the start of an...
As you are, or should be, aware the big market plunge on Friday came as no surprise to us – it was predicted just a few days before in the article BROAD US STOCKMARKET MELTUP update, in which the point was made that habitual victims Mom and Pop were at last getting...
February 4, 2018
We’re certain that many of you are asking yourself this question after seeing the markets rotate to the downside so hard recently. If you had been reading our past analysis for the early portion of 2018, you would likely know the answer to this question. If not,...
Throughout this millennium, the rare instance of the Gold/Silver ratio topping 80x has always bode well for the white metal. We'll show you. But first, this short (pun!), swift statement on the stock market: at last Sunday's Investors Roundtable, in suggesting that...
Mr Bear was a very bad bear this week. In his report card below we see two extreme days, one of volatility (Dow Jones 2% day) and a day of extreme market breadth (NYSE 70% A-D day).
February 3, 2018
Over and over again I’ve been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is subject to change. The latest update was yesterday with a daily chart view.
Speculation is in bull market values. This is a massive bottoming pattern four years in the making, with prices now testing resistance. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal.
The US Dollar Index had an opportunity to generate a double bottom as it tested the September lows early in January. However, the bounce could not take out even the nearest of overhead resistance at 92.50 or approach the 93.50 level that was needed to show signs of...
February 2, 2018
In its outlook for 2018, Thomson Reuters GFMS analysts see gold prices rising to $1,500 an ounce sometime this year on inflation fears. This would put gold at a level unseen since April 2013.
Here are today's videos and charts.
One of the things from which I occasionally enjoy a good chuckle is the insecurity displayed by bloggers or newsletter writers that are constantly in need of positive reinforcement derived by reminding readers of their “incredible market calls”.
Global investors are radically underinvested in gold today. Years of relentless stock-market rallying to endless new record highs have left this classic alternative investment deeply out of favor. But this gold-demand ebb is ending. The same central banks that...
The official U.S. national debt, ignoring off-balance sheet liabilities, unfunded liabilities, “missing money” and fudging was: Sept. 30, 2016 $19.573 trillion, October 2, 2017 $20.347 trillion.
The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source...
A week ago we saw natural gas hit resistance and our cycle analysis also indicated the timing was about right for the price to start to fall.
Just a few days ago we alerted our members and followers to a massive setup in the Palladium market that had not been seen in years. This chart formation provides an incredible opportunity for a trader to take advantage of and profit from the expected price decline...
Recently we called the top in gold, silver, miners, and palladium. This was based on several technical indicators including our cycle analysis. Below is a quick snapshot of how we and our members profited from the recent drop in precious metals.
The man who made the term “irrational exuberance” famous says investors are at it again. “There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and Scarlet...
February 1, 2018
A multi-agency CFTC-led investigation that also involved the Department of Justice and the FBI has resulted in ‘criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes.’
This stuff is about to get real. I was finger-scrolling through The Daily Shot the other day (a daily chart package mailed out by The Wall Street Journal—it’s a must-read for everyone in the business), and I came across this:
This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an...
Recently, we saw the dollar index (the DXY), which measures the USD against a basket of the world’s major currencies, break below its support of 91 for the first time since January of 2015 (Figure 1). This event may signal the most important trend of 2018: the...
January 31, 2018
We also mentioned a few days ago when gold was testing key resistance that traders should expect a correction in gold and mining stocks. This week we already locked in a quick 11% profit with DUST inverse ETF for gold miners - and there is likely more selling to...
It’s been called a number of things: The sharing economy, or “shareconomy.” Peer-to-peer economy. Collaborative consumption. What all of these terms have in common is the idea of decentralization—and blockchain applications, including bitcoin and other...
As we move into 2018, factors pushing gold higher will include political risk in the US, continued geo-political risk and a growing trend toward de-dollarization. We wrote about these themes a few weeks ago and you can find the column here: https://www.sprottmoney....
We firmly believe, and have stated a number of times, that gold and silver are the only assets that have the fortitude to stand up to governments and banks. These two assets, throughout history, have over and over and over again helped the people to gain wealth, to...
$1 million has been stolen from ATMs across the United States by hackers in a new hacking approach known as ‘jackpotting’. Using malware and an endoscope hackers are able to force cash machines to spew out their entire holding of cash.
