This gold chart may appear to be “Black Magic.” However, it is simply a display of the power of Mother Nature. A new high has occurred at every grouping of # 1 and # 2 high! The ensuing corrective low has consistently remained above the previous new high. All of the...
Gold Editorials & Commentary
June 25, 2015
We have all become involuntary guinea pigs in an unprecedented monetary experiment, the economic (and sociological) outcome of which remains uncertain. Ever more frequently observable phenomena including asset price inflation, chronic over-indebtedness, extreme...
Ron Paul, former congressman for Texas, laid plain the absurdity of central policy towards the markets in a recent interview with Amanda Diaz on CNBC. He believes a day of reckoning is in the cards because the central banks “can’t print money forever.”
June 24, 2015
The 2008 crash was a warm up. Many investors think that we could never have a crash again. The 2008 melt-down was a one in 100 years episode, they think. They are wrong. The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis.
We have all from time to time tried to help others, friends and family, by pointing them toward reality. For our troubles and efforts we have been viewed as the "squirrely" guy/gal with a tinfoil hat who see's everything as a conspiracy.
- GoldCore interview with Kerry Lutz on the Financial Survival Network. - Gradual realisation that central bank “masters of the universe.” -“We all know that bad stuff is going to happen, we just don’t know when it is going to happen.” -“The penny is beginning to...
While the metals market has moved through the lowest level resistances I noted last week, it made it clear that it wanted to provide us with a higher retracement for this downside set up. And, it does not change the bearish pattern being presented before us at...
Gold and Silver rebounded following the Fed minutes released last Wednesday. However, one week later both metals are back below pre-Fed levels and moving dangerously close to important support. Silver price fell 2% on Tuesday to $15.81/oz, which is only 2.2% above...
June 23, 2015
Gold was marginally lower in the overnight session, reaching 1179.30 at the time that this Post was being written. On the intraday chart it is now looking like we are about to complete a five wave drop from 1205.05 to the current low.
I realize that most analysts in the gold community are nervous about gold, and nervous about China’s stock market. In contrast, I think this is the greatest time in history to own both gold and the Chinese stock market.
The Wall Street Reform and Consumer Protection Act of 2010 is better known as "The Dodd-Frank Act" to the American public. What the American public does not know about, is that it codifies a "bail-in" provision that ensures that the United States can conduct the...
The first signs of a rush to convert financial assets into physical gold in China have emerged with a spike in physical gold payouts at the Shanghai gold exchanges. Withdrawals of physical gold from the Shanghai Gold Exchange and Shanghai International Gold Exchange...
So last week gave the bulls hope again and was slightly above our forecast range. However, we maintained our consistently bearish position in our forecast published every Sunday before the markets open. Our expectation has been that June is set to be a bad month for...
- Doubts over City of London’s “fintech” in age of cyber war. - Thousands left in “financial limbo” after tech “error.” - 600,000 RBS customer payments go “missing” in “system failure.” - Glitch comes after bank was fined £56 million in November for 2012 tech fiasco...
Since the financial system, stock markets, bond markets, and currencies are primed for a correction/crash, expect severe disruptions (we don’t know when) and eventual market imposed discipline upon global governments and over-leveraged banks.
June 22, 2015
The U.S. economy has rebounded from its winter slump – but recent data continue to present mixed signals, leaving the Federal Reserve and most Fed-watchers alike uncertain about the timing of the much-anticipated first step-up in the Fed funds interest rate.
Even though the Federal Reserve announced last week that it would wait a little longer to raise rates, spooked investors fled to gold bullion, helping to drive prices above $1,200 an ounce. It was the greatest single-session surge by percentage in nearly a month and...
Gold prices erased two-thirds of last week's 1.5% jump against a rising US Dollar on Monday, dropping back from $1200 per ounce as Eurozone stock markets held strong gains amid hopes of a quick deal at the latest emergency summit on Greece's debt crisis.
The gloomy economic situation of Greece has been the topic of many. It is high time to analyze more thoroughly the relationship between Greece’s debt crisis and gold. But first we must examine the institutional foundations of the Eurozone and its currency, as they...
Strengths
As expected Gold posted a rally towards US$1,205.70. While many market participants became extremely bearish two weeks ago I clearly pointed towards the important contrarian buy signals in CoT and sentiment. As well it looks like the Euro could continue to recover...
There are no words to describe the Carnage that Precious Metals Stocks have suffered for the 12 years. There is no consoling those who have invested in this sector, many who have literally lost their life’s savings as they watch this horror unfold in utter disbelief...
A fund manager for one of the largest mutual fund and investment groups in the world, Fidelity, has warned investors and savers to have an allocation to “physical cash,” “including precious metals” to protect against “systemic risk.”
You have heard the phrase many times "it's already in the market", meaning if "something" or some sort of event happens it is already factored in to prices. I was overseas last week, travelled much of the week and stayed in a hotel that had only two English...
Markets were acting decent after the Federal Reserve came out last Wednesday and said nothing new. Some stocks are still doing fine. Consequently, I did do some buying in last week, but I’m not heavy by any means.
In the past two weeks, SPX ended its decline from 2135, made a double-bottom and started a rally. The near-term trend is bound to be affected by what comes out of a last effort at resolving the Greece crisis on Monday. Since so much is at stake, and mere rumors on...
June 21, 2015
Gold is beginning to stir after seemingly sleeping through so many weeks of otherwise financial gyration amongst the markets that comprise BEGOS (Bond / Euro / Gold / Oil / S&P 500). The world's wary wonderment of "What's Next?" is increasing across the spectrum...
It was another volatile week in the markets. The interest rate decision by the US Fed on Wednesday was a non-event with no change in the Fed's monetary policy. The market reacted with a spike in stocks, bonds, and precious metals, while the U.S. dollar took a dive....
A venerated elder once said to me, “you can pick your nose but you can’t pick your family.” These are wise words indeed that best explain my attitude toward the current who’s who now running for the highest office in the land. And in case you missed it on the...
June 20, 2015
As you probably know, I would not be surprised if the stock market crashes within the September/October 2015 time period, possibly before then. I believe the economic fundamentals are poor and getting worse, fast. The technical landscape is warning markets are in a...
