January was the worst month for European government bonds in history with all the bonds blowing out. TCW, the US asset manager that runs world’s largest actively managed bond fund, has eliminated its exposure to Eurozone bank debt over fears these lenders are “...
Gold Editorials & Commentary
February 8, 2017
Russia’s massive and increasing gold bullion reserves are kept in tightly-guarded locations across Russia due to the fear of sanctions and the ‘unpredictability’ of Donald Trump according to The Sun and Russia Beyond The Headlines.
February 7, 2017
As the majority of the metals market seems to be awaiting a “pullback,” the metals market, like the equity market, has been quite stingy. But, as I noted in my mid-week update, “by no means am I going to say that I “expect” more of a pullback to be seen, as the...
Yet another “unmassaged” data point has shown that the US economy is rolling over. If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP growth, unemployment, inflation, etc.) is massaged to...
I have a great number of friends that pride themselves on being "technical analysts" and many of them are actually very good, especially the ones that are students of market history and even more so the ones that are "old" and by that, I mean "older than me." I love...
With each passing day, both the technical price action and the news flow are getting more positive for gold. Gold has also surged through resistance at $1220 and is making a beeline towards my $1250 target zone.
Gold was higher in yesterday’s day session, reaching a high of 1237.50. In the overnight session we seem to be undergoing a small correction with the current low of that correction being 1229.50, at the time that this Post was being written.
It’s late Monday night and April Gold has stolen up on the 1237.70 ‘external’ peak (see inset) that I wrote here yesterday was crucial to the short- to intermediate-term picture. The so-far high has precisely tied the peak, but it would be hard to imagine the...
That didn’t take long. After little more than two weeks, President Donald Trump’s honeymoon with Wall Street appears to have been put on hold—for the moment, at least—with major indices making only tepid moves since his January 20 inauguration. That includes the ...
-Gold prices rising & up 6.6% YTD. -Signal “impending market volatility”. -World has never been more uncertain (see chart). -Fear in Wall Street versus Fear in Washington. -Price of ‘plunge protection’ rising even as VIX remains low.
February 6, 2017
The gold/silver and platinum/gold price ratios determine the relative value of the precious metals -- and are useful parameters in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).
This January, Donald Trump became the 45th President of the United States. His Presidency brings with it uncertainty and chaos, and if the first couple of weeks are anything to go by, the only certainty will be chaos. The one thing the markets hate, above all else,...
The best performing precious metal for the week was gold, followed by silver, with a 2.03 percent gain. Nearly $1.6 billion went into the 10 precious metal-backed ETFs that have attracted the most money in January, reports Bloomberg. Frankfurt-listed Xetra-Gold...
This is the 3rd piece on gold that highlights how unloved gold remains today. Considering the 2016 rally in gold and the turbulent times we now find ourselves in, to be honest I’m rather surprised there are not significantly more gold traders all over this market...
London’s gold bullion market, which is centuries old, is said to be seeking transparency with plans to reveal how much gold bullion is held in vaults in and around London city according to gold bullion banks. These include gold bullion bars held and controlled by...
Last week the prices of the metals went up, with the gold price rising every day and the silver price stalling out after rising 42 cents on Tuesday. The gold-silver ratio went up a bit this week, an unusual occurrence when the prices are rising. Everyone knows that...
If you are going to trade the commodity sector, you had best follow the USD, which is why I do. If I am correct that the USD’s longer 15 Year Super Cycle is toping in 2017, then the CRB will be a fun sector where we will focus.
After Monday’s sharp drop, SPX held at an important short-term support level and rallied after the jobs report came out on Friday. This move is essentially a test of the high, but it could expand into more distribution which might even see new highs before a...
February 5, 2017
Gold has always been some sort of insurance policy against inflation as it usually is the first (and main) reason why investors want to have exposure to the yellow metal. Unfortunately markets always tend to behave a bit irrational and even though the money supply...
Six weeks into 2017, the above panel shows us Gold's being ahead of where 'twas over the same time frame in 2016, although the challenge of so staying appears dead ahead.
Let’s zone in on the pattern shown below. The entire purpose of the study of technical analysis is to read what the market is telling us about its future. The stock market is the accumulation of all knowledge by everyone on the planet. In addition to this knowledge...
The Dow Jones Index is struggling to maintain its current lofty position. In its BEV chart below I circled the post November advance, and it has all the appearance of a strong advance. But remember; to Mr Bear each new all-time high (BEV Zero) looks the same – a...
A great week for stocks. However, precious metals continue to show some mixed strength and weakness, but the week ahead should tell us if a low is in fact materialized, or if more basing is needed.
February 4, 2017
Gold sector is on a major buy signal and short-term is on buy signal. Cycle is up. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.
The US dollar has now closed lower for 6 weeks in a row which is testing the patience of the bulls. This week the price action cracked the top rail of the horizontal trading range which is a negative, but not confirmation yet the trend has reversed down. There are...
We are still waiting patiently for another possible nibble at some miner positions. In the meantime, what is the XAU:Gold ratio…and why is it important?
February 3, 2017
As we have repeatedly warning, anyone who is betting on the Trump Presidency unleashing a massive $USD bull market in the near future is going to get taken to the cleaners. This has already begun…
Gold and silver resumed their uptrend this week to challenge recent highs, last seen on 23 January. The best levels were mid-week, before some end-of-week profit-taking took place. In early European trade this morning (Friday) gold was trading at $1213, up $22 from...
Gold’s first new bull market since 2011 last year was overwhelmingly driven by stock investors flooding into gold ETFs. Traditional physical bar-and-coin demand was actually quite weak, falling considerably year-over-year. Nevertheless, it’s still important to...
Here are today's videos and charts
