Early in the week gold and silver rose in tandem as Greece closed its banks and imposed capital controls. However, the bounce faced rising opposition as the week progressed towards the employment report out on Thursday, which equity bulls were talking up as the...
Gold Editorials & Commentary
July 6, 2015
The Greek people have voted overwhelmingly against using austerity as a tool to somehow normalise their economy in a world where normality no longer applies, on any level, to economic policy.
The past four years or so have been extremely frustrating for investors like me who have structured their portfolios around the belief that the current experiments in central bank stimulus, the anti-business drift in Washington, and America's mediocre economy and...
Two weeks ago I expected only a minor setback in Gold. That was obviously wrong. Gold came all the way down to US$1,155.80 during last Thursday. But at least we saw a bounce from the lows which left a bull-hammer on the chart. With the Greeks clearly rejecting the...
We cannot remember having seen so many markets at critical points simultaneously. It is truly astonishing. Scary movie or turning points? We do not know for sure, but let’s review the strategic assets in order to get an understanding of the likely scenarios going...
While the short-term will be affected by today’s Greek referendum, unless SPX and other indices show some real strength if they continue to rally, more downward pressure appears to be in the cards and could last until October.
July 5, 2015
Mr. Bear may currently be in hiding, but he can scarcely contain himself. The media is currently focused on the financial garbage from Greece and Puerto Rico stinking up investment portfolios, but truth be told the entire global bond market is putrid.
Gold has not even been able to muster a rally on the Greek crisis, which is a bad sign, especially as the dollar looks like it is preparing to break out upside from a large consolidation pattern. On its 8-year chart we can see that gold is still in the large down-...
The artificial growth of the U.S. economy this year was made possible by the greatest inventory build-up in history, with many analysts even doubting the figures that cite growth in the first place. I am far from the first to have discussed these points.
July 4, 2015
Are we having fun yet? There is quite a bit of fun here State Side today as we celebrate our having completed 239 years of Independence, (to the chagrin of those amongst our nation's riffraff who try to wrest it away from us). However for Gold, rather than having...
Sorry to bear negative news on the 239th birthday of the United States of America, but there is a fast approaching economic collapse and stock market crash that will affect the entire world. We need to be prepared. Now.
Often times I like to write about an event or someone else's article because of the importance to the overall picture. Today I will do something a little different. Below is an e-mail I received last Thursday from a friend. I have the utmost respect for his...
Gold sector is on major sell signal. Cycle is down. Traders should be in cash or short. Silver is on a long term sell signal and investors should be in cash or short. COT data reveals that speculation is close to levels of previous bottoms.
July 3, 2015
In the turbulent times like the ones we might be about to witness, the attention of precious metals investors tends to be focused on metals themselves, in particular gold and silver. Greece seems to be in a pretty precarious position, with a referendum coming in on...
Gold & Silver Target, T-Bonds & Dow, GDX & GDXJ, Gold & Silver Volume analysis via videos.
The US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years. With key world stock markets near record highs, traders universally love the Fed’s zero-interest-rate and quantitative-easing campaigns. But...
Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on Monday morning in the Far East at $1,187 and fell to a low point at $1,158 yesterday. Silver mirrored gold's move falling from $16.05...
Bill Holter joins The Doc for an Exclusive Update on the Greek Crisis, and the Potential for a Full Derivatives CONTAGION, Discussing: 1. Greek problem is not $3 billion, its $3 TRILLION IN DERIVATIVES- Will ISDA Allow Default? 2. Greek default WAS NOT PRICED IN-...
Goldcore Research Director, Mark O’Byrne was recently interviewed by Max Kaiser in London. Although gold prices have been flat for a number of years there have been some very interesting developments in that time.
Measuring wealth with an ever-expanding ruler makes for a carnival illusion of safety, suspended in a vast, uneven web of complexity. The longer society and culture remain detached from the nature of true wealth, the more fragile we become to ‘normal’ risk....
The most common complaint I now hear as to why many are fearful of investing in precious metals is that they feel they have been “manipulated to go down.” While many investors have been scared into believing this perspective by many market pundits as the metals...
July 2, 2015
Going forward, economic and stock market uncertainty will rise. As this happens, without a doubt, gold will do what it does best: protect wealth for investors. Uncertainty will be mainly driven by three factors: the Federal Reserve; a struggling global economy; and...
The Fuse on the Global Debt Bomb has been lit. We are now officially in the Crisis to which the 2008 Meltdown was just the warm up. The process will take time to unfold. The Tech Bubble, arguably the single biggest stock market bubble of all time, was both obvious...
American industrialist J. Paul Getty once said: “If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” And when the amount is $1.73 billion, it’s everyone’s problem. Greece is officially in arrears for missing...
I linked Barry Ritholtz’s gold bug swipe along with other items in an Around the Web post. Anything linked (or republished from guests for that matter) on this site is to be taken as 100% their view, not mine. You, the reader are tasked with using your own brain...
"It is related of the illustrious Sandy McHoots that when, on the occasion of winning the British Open Championship, he was interviewed by reporters from the leading daily papers as to his views on Tariff Reform, Bimetallism, the Trial by Jury System, and the Modern...
July 1, 2015
The USDollar is on a collision course with imminent death. It is utterly amazing that so many supposedly smart analysts and highly paid wealth managers cannot see the obvious path on which the USDollar treads, limps, and struts proudly, dangerously, and abusively,...
The situation in the precious metals market remains bearish and based on this week’s disappointing performance of precious metals and very weak performance of mining stocks (and the breakdown below the critical support), it further deteriorated. It’s not extremely...
So last week to the surprise of many…and in spite of an impending Greek default (or arrears as a default has now been renamed!) gold ended the week down. This was in line with our forecast published every Sunday before the markets open. We have maintained our...
Puerto Rican Governor Alejandro García Padilla addressed the island’s people about $73 billion debt. With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla,...
