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.
Gold Editorials & Commentary
January 14, 2017
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.
January 11, 2017
Now that another New Year is upon us, it’s time to reflect on what the coming months might unfold. Normally when market analysts try their hand at predicting the year ahead it involves either wild guessing or linear extrapolation based on prevailing trends. I tend...
At the time of his death, Prince had taken delivery of and had in his possession 67 gold bars, 10 ounce gold bars, valued at $836,166.70. That’s according to an asset inventory compiled by Bremer Trust released by the Carver County District Court, as first reported...
This past week saw a very nice move higher in the GDX and gold, but silver has seriously lagged, which does dampen any outright bullishness at this time. But, let’s review where we stand overall.
January 10, 2017
Major US and international banks cheat their customers and rig markets. Revelations have been piling up since the 2008 financial crisis. Hundreds of billions have been paid in fines, penalties, and settlements. The fraud, price manipulation, lying, and theft – once...
The last two bear markets in US stocks were deflation-oriented. The next one is likely to be inflation-themed, and could feature the US dollar and gold soaring higher at the same time.
The media has decided that the single bets investment going forward is the US Dollar. Indeed, Marketwatch has proclaimed that 2017 will be “The Year of the Dollar.”
The U.S. will never go back on a gold standard. The notion that a U.S. Dollar backed by gold would solve our financial problems is pure folly. Why? Because, if the U.S. Empire didn’t abandon the gold standard in 1971, it would have collapsed decades ago.
Gold Price In GBP Rises 4% On Brexit and UK Economy Risks. – Pound fell 2% against gold yesterday after Theresa May created Brexit concerns. – May’s ‘Hard Brexit’ denial does not calm markets growing fears. – Investors concerned about lack of government strategy and...
January 9, 2017
Palladium is starting this year as the best performer among the precious metals, heading for its biggest gain since March, reports Bloomberg. The metal rose 11.17 percent for the week on bets that carmaker demand will grow following positive U.S. and Chinese...
We are fortunate today to be joined by Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Just recently Mr. Holmes received another award from the Mining Journal and was named America's Best Fund Manager for 2016, one of many awards he's...
You could say gold miners struck gold in 2016. The group, as measured by the NYSE Arca Gold Miners Index, finished the year up an amazing 55 percent, handily beating all other asset classes shown below.
Although we expected a rally in the gold mining sector, we have been surprised by its strength and recent buying pressure. From the lowest ticks, Gold has rallied less than 6% but GDX has gained 25% and GDXJ has soared 36%. This rebound adds to the evidence that the...
January 8, 2017
Before the holidays I could see a possible short-term rally coming in gold, which it did. Now, it just looks like the rally may be over. Technically, the rally continues and I can’t put my finger on it…but I just get this feeling that all is not rosy. As a...
Last week’s call for the beginning of the intermediate correction turned out to be premature. Since then, the SPX has reluctantly made a new all-time high, but the DOW Index amusingly continues to refuse printing 20,000. A minor correction may take place next week...
It has been a long time since Thirdeyeopentrades commented on the gold market, here at Gold-Eagle, and it looks like now is an appropriate time to make a return! The gold and silver markets have suffered terrible blows and a cruel bear market, beset with bankers...
'Course, a year ago, gold perfectly timed its clutch bite in getting off the line to swiftly shift up through the gearbox toward posting a net gain of 4.5% through the first four trading days of 2016; but now through the same four-day stint of 2017, gold's net gain...
I wasn’t going to write anything until next week, but reporting on the annual performance for gold and silver in the first week of the year is appropriate and timely. Publishing the following table has been an annual event in my work for the past few years. Using...
January 7, 2017
After my whirlwind tour, I’m back and markets are acting strong. The trend remains up…so that’s really all we need to know. Moreover, precious metals are as well…at least for now. With Chinese New Year starting in a few week, this strength is not likely to last from...
How can we summarize the last year in the gold market? First of all, it was a mixed year for gold. The first half of 2016 was excellent for the yellow metal. Actually, the several-month long bull market in gold started in December 2015, when the shiny metal found a...
