Our researchers identified this critical Double-Top pattern in the Transportation Index after a very strong price rally on Friday, July 12. Double-Top patterns are very important in terms of Fibonacci price structure because they reflect a complete price rejection...
Gold Editorials & Commentary
July 18, 2019
Ray Dalio the American billionaire investor, hedge fund manager, and founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds believes that it is “both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.”...
July 17, 2019
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” — Gerald M. Loeb
President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard.
Commodities were on mostly sound footing in the first half of 2019. The S&P GSCI returned more than 13 percent as of June 30, one of the best first six months in recent memory. It was not without its challenges, though.
Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S....
July 16, 2019
It’s the ultimate “no-brainer” that serious American GDP growth (in the 6% range or higher) can only happen by eliminating the PIT (personal income tax) for the middle class.
The best performing metal this week was platinum, up 2.46 percent. The yellow metal jumped on Wednesday after Federal Reserve Chairman Jerome Powell’s comments spurred bets on a cut in interest rates later this month. Powell said concerns over trade and global...
The federal government will soon run up against its self-imposed borrowing cap once again. Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some...
Gold is moving higher and steadily so. It’s hold north of $1,400 is impressive and worrying at the same time. We have seen record flows of late, with long term safe haven demand rising a pace. It was Germany last week and China this week, the flow of disappointing...
July 15, 2019
The market is now at record highs, and unemployment is way down. Even so, a U.S. rate cut is expected as early as this week. During his congressional testimony last week, Federal Reserve Chairman Jerome Powell raised concerns over slower global growth and trade...
Gold stocks just ended the week at a new 2019 high, while gold confirmed its breakdown in the most important – weekly closing price – terms. Who should one believe? Are gold miners leading gold higher just like it was the case many times, or “this time is different...
Gold and gold stocks especially continue to shrug off bits and pieces of bad news. No escalation in the trade war? The selloff lasted one day and the sector rebounded strongly the following day. Strong headline jobs number? Again, the weakness was a buying...
Last week, we looked at the idea of a national balance sheet, as a better way to measure the economy than GDP (which is production + destruction). The national balance sheet would take into account both assets and liabilities. If we take on another $1,000,000 debt...
I can no longer count how many times I have been told that “squiggly lines cannot predict the market.” Yet, anyone who has tracked us over the long term knows how successful we have been at predicting many major market turns and targets with these “squiggly lines.”...
Gold has exploded higher over the past few months, but how high can gold really go? Gold has exploded higher over the past few months, but how high can gold go? Not a day goes by, without hearing about "buy gold".
Dovish statements from global central banks recently aren’t the only reason for gold’s rise past $1,400 an ounce this week to levels it hasn’t seen in nearly six years.
July 14, 2019
The past year or and more have seen some strange behaviour by global weather. Countries in the southern hemisphere have endured extended drought while the northern hemisphere suffered weather extremes – extreme and often non-seasonal heat and cold.
A major stock market top is imminent. Let’s take a look at several pattern charts and other evidence warning the next strong stock market decline is fast approaching.
Now don't take that title too negatively: 'tis nothing short of marvelous to finally find Gold well up and away from The Box (1280-1240) which had been its centerpiece trading area for the last six years, let alone just four weeks ago having reclaimed Base Camp 1377...
July 13, 2019
During a week in which the head of the Federal Reserve explicitly downplayed the USA’s return to the Gold Standard, we spoke with longtime commodity trader, Vince Lance of Echobay Partners.
Long term – on major buy signal. Short term – on buy signals. Gold sector cycle is up. COT data is at levels of previous tops. A correction is looming. A hedge will allow us to lock in profits and sleep well during a correction.
July 12, 2019
How likely is a recession in the United States? Predicting a recession is difficult, but one can make some nice money with a good forecast. Consequently, we invite you to read our today’s article, which discusses the most important recessionary models developed by...
Chairman Powell’s testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” as cause for concern about the strength of the global economy. He clearly seemed to be blaming...
Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold’s first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal...
It’s time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet’s estimations...
Billionaire publisher Steve Forbes wrote a letter to Mark Zuckerberg last week encouraging Facebook to back Libra with gold:
July 11, 2019
Hot Wednesday is behind us. We had both the Powell’s testimony to the Congress and the released minutes from the latest FOMC meeting. The biggest yesterday’s winner is clearly gold. If you would like to know why – and what situation the yellow metal is in currently...
Fed Chief Powell supposedly has strong support inside Congress to fend off Trump’s calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday’s Wall Street Journal: ‘Powell’s Support Inside Congress Is Deep...
In June, the gold price finally broke above the $1,400 level after five long years. So, who was responsible for pushing the gold price to a new high since 2013? Well, if we look at the data, it most certainly wasn’t the physical gold investor.
