The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen...
Gold Editorials & Commentary
February 1, 2016
January 31, 2016
It is now evident that SPX500 has altered its correction to an A-B-C pattern with the C wave currently in progress. Expectations are that the index should complete its upward correction over the next few days -- probably next week. A reversal may or may not result...
Gold speculator and large futures traders sharply added to their gold bullish positions last week, pushing positions higher for the third out of the last four weeks and to the highest level since November, according to the latest Commitment of Traders (COT) data...
Well that didn't take long. Two weeks of falling share prices and the European and Japanese central banks go into full panic mode. The ECB promised new stimulus -- which the markets liked -- and then BoJ upped the ante with negative interest rates -- which the...
This was the fourth week that saw days of extreme-market breadth and volatility; NYSE 70% A-D Days and Dow Jones 2% Days. Yes, this week they were positive days. They helped investors and CNBC commentators forget the trials and tribulations of the first three...
Four trading weeks of the new year are now officially in the books, and as much as Gold may feel lackluster to many of you, 'tis had but one losing week of the four. Indeed from the year's low (1061) to its high (1128) is a 6% pop in price, and as we'll below see in...
I wanted to take a bit of time in this post to discuss one of the most important things that those wishing to be successful in trading/investing need to learn, namely detecting shifts in sentiment. Those of you who have been reading my work for a while will be...
January 30, 2016
In this episode, we discussed: Bill’s molding process and challenges, Where you can find Per Diem Metals, The Story of Per Diem Metals, Some Reasons to Own Fractional coins, and The Future of Fractional Coins
Truth be known, short of an uprising or revolution by the masses, which is highly unlikely, the elites have won over the masses, hands down, and the end game is in the final and irreversible stages. Time and again, we have reiterated the elites formulaic strategy...
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
Long-term – on major sell signal since Mar 2012 when $HUI was at 550. Short-term – on buy signals. Gold sector cycle – down. Only aggressive and nimble traders should participate in the current market condition.
Another choppy, tough weak with stocks wanting to go higher, then wanting lower…but in the end trying to breakout higher…for now. It’s a tough time to try to trade for sure -- and I’m in an all cash position…but getting tempted.
January 29, 2016
With each passing rally hope has bloomed that the bear market in precious metals may be over. The long and deep “forever bear” has to end…but it hasn’t yet. Under the surface, the bear market is getting weaker and Gold is growing stronger. It’s showing strength...
Featured is the weekly gold chart. Price is carving out a large bullish falling wedge. The supporting indicators are positive, including the important A/D line. An upside breakout at the blue arrow is just 20.00 away! When this breakout occurs it sets up a target...
To review our stance, which is years along now, the gold sector is not going anywhere until it becomes widely accepted that developed stock markets, including and especially those in the US, are in bear cycles. We have also drawn analogies to the Q4 2008 event that...
The Fed hike is not the end of the world. The U.S. economy experienced many tightening cycles. Actually, many analysts are citing past rate hike environments as a guide to the future. However, three things make this tightening cycle (if there are more hikes at all)...
Every once in a while it is a good thing to review something we already know and have known for quite a while. What we're talking about are derivatives and the very basics of how they work... or not. We have seen massive volatility since the Fed raised rates last...
Technical Analysis of The Market Via Videos.
Recent years have seen countless claims that gold and silver prices have to head far lower, implying demand is low or supply is high. But the actual data continues to prove this false, showing precious-metals bearishness is rooted in sentiment and not fundamentals...
The world is moving towards a “cashless society”. Sweden, which was the first nation in Europe to issue paper money in 1661, is presently moving towards becoming the first cashless society. Do you ever wonder why the current Central Banks, all over the world, want...
January 28, 2016
Before we delve into the economic prospects for 2016, let’s take a look at the economies in the Americas, Asia, Europe and the Middle East/Africa to see how they fared in the 2014-15 period. A clear metric for doing this is the misery index. For any country, a...
We have made some very bold claims in the past. Since 2010, to many jears, we said that the Federal Reserve would never raise rates significantly again. Most laughed. They said that surely this crazy, emergency 0% interest rate policy was only temporary. Five...
Investors today are focusing on the wrong asset class. Stocks started off the year with one of the worst drops in recent memory. As of this morning the S&P500 was down over 7% for the year thus far.
Some years ago I came to the conclusion that it would be wise to have a permanent footprint outside the U.S. It was a wise decision from many points of view. Living in more than one country allows you to vastly broaden your range of experiences, connections, and...
The current melt-down of the world's debt bubble is likely to continue in the course of the next months. The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by...
Everyone knows that government expenses and deficits are out of control. Think U.S., Europe, the U.K., Japan, and others. So what? Borrowing today supposedly brings spending forward from the future, so future spending should be curtailed. It hasn’t happened so far...
In the last intermediate gold update, posted a month ago, it had become apparent that the 6-month cycle in gold had bottomed and that prices had begun the next rally phase. Prices are now approaching the original target area laid out in that update (see charts below...
As expected, the Fed kept interest rates unchanged at between 0.25 and 0.50 percent. In December, the Fed hiked its interest rates for the first time in nine years and signaled it planned to raise them by one percentage point in 2016.
Germany’s Bundesbank released further detail on its gold holdings on Wednesday, saying it transferred 210 tonnes of gold back to the country last year from vaults in Paris and New York. Frankfurt is now the largest storage location for the country’s gold reserves...
The month of January has been a wake-up call for complacent equity investors. From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls could be read as healthy corrections in an ongoing bull market,...
