Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar. Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades. Central banks...
Gold Editorials & Commentary
February 2, 2019
Our proprietary cycle indicator is up. Gold sector is on a major sell signal. GLD is on short-term buy signal. Long-term – on major sell signal. Short-term – on buy signals. Gold sector cycle is up. The pullback has ended with breakouts this week.
February 1, 2019
We recently closed our GDXJ trade for a 10.5% total profit with our members. We are preparing for a lower price rotation over the next 45+ days that will allow us to plan for new long. Our research indicates the metals/miners should enter a downside price rotation...
Here are today's videos and charts.
– Central banks buy gold in largest buying spree in a half century. – 2nd largest year of gold purchases by banks on record – WGC. – Central banks bought more gold bullion last year than anytime since 1967, prior to the U.S. ending the gold standard in 1971.
While some may have been confused by Fed Chairman Powell's circular statements in yesterday's press conference, the takeaway should be abundantly clear: the period of Fed tightening, is over. The Fed will now hold steady on interest rates, and when they move again,...
January 31, 2019
Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting...
During the lackluster and otherwise unremarkable trading of 2018, a hugely important development took place in the precious metals markets. Gold production, in the estimation of some top industry insiders, peaked.
Gold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.
As the stock market cracked on October 10th we noted… Looks Who’s Holding Firm Amid the Carnage; the Gold Miners. And sure enough the GDX bottoming pattern noted in that post (and before that in an NFTRH subscriber update) played out perfectly amid the stock market...
– Gold breaks out of range to highest in 8 months after dovish Fed. – Fed keeps benchmark interest rates unchanged (range between 2.25 percent and 2.5 percent), will be ‘patient’ on future hikes and “flexible” on its balance sheet as indebted and vulnerable US...
January 30, 2019
Many of you know that I have an affinity towards gold and silver mainly because it is no one else’s liability and I don’t have to rely on a promise to get repaid. “Gold is money- all else is debt” JP Morgan.
West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state.
An improving technical picture can be a key driver of the institutional fund flows that will be necessary to drive COMEX gold and the mining shares upward in the weeks ahead. However, let's make one thing perfectly clear before we go any further...
Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich? If so you’re in good – or at least numerous – company.
– “World’s most dangerous hotspot” is in the South China Sea. – Currency and trade wars can lead to shooting wars warns Rickards. – Chinese buildup in South China Sea like ‘preparing for World War III’ says US senator (see news)
January 29, 2019
Two years ago at a conference during which I both presented and attended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introduced me to a different way of looking at things. He posed the question, "How many sides does a coin have?"
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. With that now out of the way, gold is already staging more upside action!
Bitcoin’s hot streak is well and truly dead. The cryptocurrency has not been able to crack above $4,000 in three weeks just 12 months after trading at more than $12,000.
Today is the day we want to warn our followers that we expect the precious metals to continue to base with a fairly narrow price range for about 45 to 65 more days before upside pricing pressures start to take hold of the markets. There has been quite a bit of...
January 28, 2019
There is an old adage in the market which says that "everyone is a genius in a bull market." What that really means is that as long as you keep looking to the long side in a bull market, you will be seen as a genius.
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we’ve been using for the last week or so. (Note: These...
In what has been a rather rare occurrence, silver was the best performing metal this week, up 2.64 percent despite a steady trickle of silver out of the physical metal ETFs on a near daily basis. Gold traders are bullish for an 11th straight week, as surveyed by...
Newly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be “a larger part of our conversation.” Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is:
Gold futures settled above $1,300 an ounce on Friday, with prices for the yellow metal at their highest since June as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries.
Many people view the seven years of zero percent interest rates experienced in the United States between 2008 and 2015 as being safely in the past, with normal times having returned.
Last week, I suggested that there would be a major top around the 22nd. That top proved to be January 18 right on the quadruple and powerful Bradley turn, as well as the Venus/Mars trine. That same weekend we had Mars square Saturn. On January 25th we had another...
January 27, 2019
First it was the loudly broadcast convening of the Working Group on Financial Markets – aka “the Plunge Protection Team” – by the PPT’s el Jefe, Steven Mnuchin. This was followed the “mouse that roared” speech from Fed head, Jerome Powell, hinting that the Fed...
It only takes a quick glance at the daily SPX indicators to assess the current market position. Last week, for the first time since the 2346 low, they “sputtered”. It is no wonder since from about 2600 the index has started to meet with more and more overhead...
There is a well-known fable of the shepherd boy who became bored and felt lonely while he was watching over the sheep of the village and shouted, ‘ Wolf! Wolf!’. The villagers heard him and, grabbing their fighting sticks, rushed to protect the flock – only to be...
