The best performing metal this week was palladium, up 3.26 percent as its one-week lease rate reached the highest since January, indicating physical supplies are tight. Gold traders and analysts in the weekly Bloomberg survey were mostly neutral on the metal’s price...
Gold Editorials & Commentary
October 22, 2019
We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend...
Nearing the end of October, traders are usually a bit more cautious about the markets than at other times of the year. History has proven that October can be a month full of surprises. It appears in 2019 is no different. Right now, the markets are still range...
Precious metals enjoyed a very strong move this past summer. Both gold and gold stocks broke past multi-year resistance and showed the kind of positive momentum that has been lacking for years.
October 21, 2019
It is my privilege now to welcome in Bill Holter of JSMineset and the Holter-Sinclair Collaboration. Since leaving Wall Street more than a decade ago, Bill has made a name for himself as an astute and highly respected market commentator, writer and has teamed up...
In our previous article, we told you about a shocking analogy in gold stocks and what it implies for the following months for gold and the rest of the precious metals sector. And you know what? As we dig deeper, the story got even more jaw-dropping. We’ll get to the...
Negative interest rates and $250 trillion of global debt has turned the world of investments and pensions “on its head.” Gold is doing very well and is up 17% in dollar terms so far this year (19% in euros and 17% in British pounds).
The normal and natural business cycle where periods of growth were punctuated by healthy recessions has been all but eliminated by government and Central Bank interference. The recessionary phases which saw bearmarkets and retrenchment were a part of the cycle that...
This story is about one of the world’s largest gold hoards stored in one of the largest most secure vaults ever built. The French stored their 2,500 tons of gold in their secure underground vault in Paris. When the Germans began their offensive, the French started...
SPX traded in a less than 50-point range last week, continuing what appears to be the formation of an intermediate distribution top which could bring a sizeable correction when complete. IWM, which has done a good job of acting as a barometer for SPX still...
October 20, 2019
A week ago at this time, Gold's "expected daily trading range" (which for you WestPalmBeachers down there is how many estimated points we 'spect there'll be between Gold's high and low for the next trading day) was 24 points, the "expected weekly trading range" then...
Another week, but for the Dow Jones Index the song remains the same: so close yet so far from making a new all-time high. The Dow has remained above its BEV -7.5% line since last February, though in May and August it came down to test this level. Now in late...
October 19, 2019
In this interview Kerry Stevenson from Symposium discusses with Egon von Greyerz the deteriorating health of the global world economy. The root cause originates from deceitful governments, derivatives, money printing and too much debt.
Our proprietary cycle indicator is down. Gold sector is on major buy signal. Meanwhile, gold has traced out a three wave which is also corrective.
October 18, 2019
It has been about 2 months since the gold stock sector, as represented by the HUI index, topped out. The ensuing correction has been a whipsaw affair of ups and downs, but smoothing that volatility out we find an ongoing correction in time and price that has not...
The gold miners are likely to report blowout profits in this spinning-up Q3’19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That’s going to leave the still-undervalued gold miners...
When speaking of gold and silver, analysts and investors are always happy to share their viewpoints on the fundamentals for the two metals. Lately, the list of fundamentals seems to be growing.
“BREXIT, is in the last innings, UK will get out” – This is how Egon von Greyerz starts the interview with Eric King of King World News. Egon goes on to say that in the long run the EU will dissolve, country after country, until it finally collapses under its own...
The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis.
October 17, 2019
3 percent – that’s the new IMF global growth forecast for 2019. It’s the lowest one since the Great Financial Crisis. Is the much talked about recession coming? And what about the just reached Brexit deal? Can they both make gold rally?
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major currencies to deal with it will be on an...
Gold has fallen in pounds, euros and dollars after breaking news suggesting a Brexit deal has been reached.
Originally published on Sat Oct 12 for our ElliottWaveTrader members: While we have been tracking the metals market for the next rally set-up, we have seen some signs that the market may attempt to begin that rally sooner rather than later. However, I have to be...
Today I want to talk to you about the SP500 because it's on the verge of making a very significant move. We could experience a 15% rally or a 15% decline and it could be just around the corner.
October 16, 2019
Gold price moves based on multiple drivers, and while some may say that it’s key price drivers are the USD Index and the real interest rates, that’s only partially true as it relates to the long term only. Ultimately, investors may choose to focus on many other...
It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork. Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we...
Marc Carney warns of an “abrupt” financial collapse due to climate emergency and warns that companies that ignore climate crisis will go bankrupt
The rich are getting richer and the poor are getting poorer, and for that we can largely blame policies of envy that increasingly restrict investors’ access to wealth-building instruments.
“Travel,” Mahatma Gandhi once said, “is the language of peace.” If that’s the case—and I happen to believe that it is—then I’m extremely bullish about the future, especially with respect to U.S.-China relations. The trade war’s days may be numbered as both sides of...
October 15, 2019
Yesterday, the Nobel prizes in economics were awarded. Unfortunately, gold has been omitted and got nothing. How unfair! But looking at the Dutch central bank press release, gold would have much higher chances if they were the ones granting the prizes and not the...
