It really is amazing how much difference a few weeks can have on perspectives in the market. Back in mid-December, many were writing me off for looking up in the market, as I stood quite lonely amongst the bearish masses while maintaining one of the very few...
Gold Editorials & Commentary
January 18, 2017
January 17, 2017
Gold price was sharply higher in the overnight session, reaching a high of 1218.80 at the time that this Post was being written!
Money velocity has been going down steadily for almost 20 years. After the great recession, it has dropped to a historically low level.
Rate hikes tend to be good for gold, and even better for gold stocks. On that note, this is the hourly bars gold chart.
It’s the rare day I wake up to see news so powerfully Precious Metal bullish – regarding its short and long-term implications – I can barely contain myself. The last such event was the BrExit – which set into motion the inevitable collapse of the European Union and...
The best performing metal for the week was gold, up 2.09 percent and closely followed by silver. Gold surged above $1,200 an ounce this week on the back of President-elect Trump’s press conference which provided little detail regarding any economic stimulus plans,...
Back in December, I noted that there was not a Gold bull to be found (See post: Not A Gold Bull In Sight ) and that the Gold Cycle was on the verge of a significant Cycle turn. Fast forward a month, and 20 days of this Daily Cycle (DC), gold is up almost $100 and...
Gold and gold stocks have rallied as expected and the consolidation in the miners in recent days looks bullish. GDX and GDXJ have digested the recent recovery quite well as gold is testing resistance around $1200/oz. While the price action portends to more gains so...
International Reserves in the world’s central banks have declined from $12.032 Trillion dollars, the peak reached on August 2, 2014, to $10.814 Trillion dollars on January 13 this year, as registered by Bloomberg. This is a decline of about 10.12%.
January 16, 2017
SPX looks ready to put in a top in the vicinity of 2300 and start a correction. The extent of the initial retracement will be determined after we have evaluated the amount of distribution which takes place at that level.
Until the S&P500 Index (SPX) broke out to the upside in early-July of 2016, we favoured the view that an equity bear market had begun in mid-2015. Supporting this view was the performance of NYSE Margin Debt, which had made what appeared to be a clear-cut...
It is my privilege now to bring in Keith Neumeyer, founder and CEO of First Majestic Silver Corp, one of the top silver mining companies in the world. Keith has an extensive background in the resource and finance sectors and has also been an outspoken voice about...
John Hathaway of Tocqueville Funds says the physical gold market will defeat the paper gold market leading to a much higher price for the monetary metal in the coming months and years in his Tocqueville Gold Strategy Investor Letter (Fourth Quarter 2016 Investor...
The election of Donald Trump sparked a rally in the broad stock market which has continued up to the present, and according to the laws of reverse (inverse) logic that rule the markets, his inauguration as President is likely to trigger a swoon, and as we will...
Last month, we noted that there could be a trend change in progress. Not only are the prices of the metals rising (which is just a mirror-image of the dollar falling, from 27.6 milligrams of gold just before Christmas to currently under 26mg). But the scarcity of...
Precious Metals have been referred to as the Anti-Stock Market. Looked at over long periods of time, it’s easy to see that when Stock indices are in Bull Markets, gold and silver generally move downward. And, when stocks go into Bear Markets, the precious metals...
January 15, 2017
Stocks continue to build bases as we progress into earnings season. I see no reason in the charts to expect any meaningful downside yet. Metals continued to show strength off lows but I am still weary that this strength is only fleeting with Chinese New Year right...
As you can above see, we've added a new panel to our weekly Gold Scoreboard: "Gold by the Week" compares the price track during 2017 to that of 2016, giving us an instant year-over-year assessment as to if Gold is faring better ... or not. And thus far, we like what...
Over the past week speculative longs build positions while shorts covered for the first time in eight weeks. Despite the move in gold, short positions remain at high levels while many speculative longs remain on the sidelines.
January 14, 2017
Gold sector is on a major buy signal and short term is on buy signal. Cycle is up. Gold stocks testing resistance. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.
January 13, 2017
Predicting the future is especially very difficult. Still, let’s try to figure out what investors should expect from the gold market this year. For sure, in the long run, the price of gold will mainly depend on the US dollar, the real interest rates and the market...
Gold has hit the ground running in this young new year, a stark contrast to its brutal post-election selloff. Rather remarkably, these strong recent gains accrued despite literally zero buying from one of gold’s most-important constituencies. The American stock...
Here are today's videos and charts
Gold prices have had a good start to 2017 and has made gains in the majority of currencies, building on the strong gains seen in 2016. So far in 2017, gold is 3.5% higher in dollars, 2.3% higher in euros and 4% higher in sterling.
January 12, 2017
If you thought the pace of the head-spinning political events of the last two months couldn’t get any faster, think again. One of the most critical decisions of President-Elect Trump’s reign will soon be decided. The final verdict will have a direct impact on the...
Given our caution on the broad stock market, resulting from relatively high prices across the board, we have relatively few "buy" recommendations. Most of our buys are concentrated on the gold stocks, and even there, many of our limits are below current prices. I do...
2017 has just started but some longer-term trend changes already seem to develop. It is interesting how a new year combined with a new US president act as a catalyst for what will be the start of monumental events in the world economy. Not that many of these will...
Recently, I was quietly reading in my armchair, eyes closing and trying to stay awake, and the next moment I was falling down a rabbit hole. After falling into the void, I found myself outside a castle, which can only be described as very Gothic in the darkest sense...
Gold’s robust rally paused for just long enough on Wednesday to discourage bulls — including your editor, who had advised a long position in GDX with a stop-loss far more generous than is typical for a Rick’s Picks trade. Unfortunately, it wasn’t generous enough to...
Gold has rallied to $1,207/oz today as stocks globally have weakened after the first press conference of incoming President Trump turned into a bit of a debacle.
