There are two great evolutions underway in the world of commodities that, while in full view, are misunderstood or overlooked by most observers. So important are these two developments that they threaten serious market upheaval when they are addressed, as must...
Gold Editorials & Commentary
July 11, 2019
“You’ve assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn’t care,” Powell said...
Sounds contradictory, but is perfectly true nonetheless. Just like you need to go faster than the car in front of you to be able to overtake it, the price sometimes has to rise faster than a steeply-sloping support level does so that it doesn’t break down. Think...
Since this article is being addressed to longer term investors, I think you will likely appreciate the message within this write up. While I analyze the metals markets on many time frames, this perspective is based upon a daily chart which has months to still play...
“If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate, and we wouldn’t care,” Powell says.
July 10, 2019
Last week we wrote about how The Bullion Banks manage price through COMEX contract issuance. This week, let's take that one step further to see if recent history provides any context for where we are at present in this current bull market for gold.
The gold market started July with a big decline, but it was immediately followed by a relatively big rally. At the moment of writing these words, gold is back to about $1,400 as the second attempt to rally well above this level was invalidated. Were the two big...
There is an old adage that bulls get fat, bears get fat, but pigs get slaughtered. I guess that is another way of saying to not overstay your welcome on one side of the market and to know when to take profits.
https://www.gold-eagle.com/rate/price-of-gold/A confluence of factors is leading to a rally in gold prices that could last for several years. It’s all systems go for gold investor
July 9, 2019
While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout.
Our contention is that gold is real wealth. Gold is its own final settlement and no one else's liability. What this means is simply that gold stands for itself, it does not depend upon the faith and good credit of any other person or thing...it is universally...
And here we go again. Gold slipped below $1,400 per ounce. This is where it fell after stronger-than-expected June Employment Report. How does that key piece of economic data play into the market’s rate cuts expectations? And how does it all impact gold?http://www....
Almost counter to current institutional thinking, the strength in the US Dollar will likely continue to push the US stock market higher over the next few weeks/months and act as a supporting price bias in any event of a short term global/us stock market price...
Gold reserves of the National Bank of Poland (NBP) have risen by 125.7 tonnes to 228.6 tonnes, the bank announced on Friday.
July 8, 2019
Gold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just indentified how much control they have.
Despite gold prices falling back on Monday, sinking by the most in two years, that didn’t stop investors’ commitment to the yellow metal. Inflows into bullion-backed exchange-traded funds (ETFs) kept coming, writes Bloomberg, with holdings expanding for 16 of the...
In the first part of this series, we introduce some concepts from accounting: cash basis and balance sheet. This approach would logically suggest that we look at the national equity account. Any accountant can tell you that assets = liabilities + equity. Or, to...
Gold tends to perform well relative to commodities in general when inflation expectations are FALLING. The evidence is presented below in chart form.
July 7, 2019
“Enough congestion was produced at last week’s low to take the index up to about 2995-3000.” On Tuesday, SPX surged to a new all-time high of 2995.84 and closed at 2995.82, meeting the projection target set for this move. On Friday, prices dropped to 2968 in the...
Other evidence is building for a coming stock market decline. There are Bearish divergences between major stock indices and their 10 day average Advance/Decline Line Indicators. There is also a 10 observation Hindenburg Omen on the clock through September 2019.
Greetings this time 'round from Squaw Valley, where -- as has Gold piled onto price throughout these past seven weeks -- the snow depth for skiing still is piled seven feet high at the 8,200-foot (2,500-metre) level. Skiing in July? Get it while you can ... as is...
July 6, 2019
First, a decline in manufacturing, and then a slump in service industries, now a broad-spectrum inversion of the yield curve hitting its most critical metric this week, unemployment finally starting to rise again, a one-year relentless housing decline across most of...
Gold sector is on major buy signal. GLD is on short-term buy signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.
July 5, 2019
Here are today's videos and charts.
Ladies and Gentlemen, it has finally happened! The current expansion already goes on for 121 months, becoming the longest economic boom in the US history. Should we celebrate now? Or should we worry, as all good things come to an end, and whatever lasts long, ends...
There are growing signs that the global economic slowdown is for real. As was the case in 1929, the combination of the peak of the credit cycle coupled with trade protectionism in the Smoot-Hawley Tariff Act are similar conditions to those of today and potentially...
Gold’s incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners’ stocks. With traders’ attention diverted to vacations and summer fun, interest in and demand for precious...
Given the performance of my beloved Gold and Gold Miners in the past month, could there have ever been a more fitting word describing our sector than in the word "mettle"?
"Following the money" can be a good way of unraveling complexity. Sometimes what the technical jargon is covering up can be as simple as Insider A handing money over to Insider B in massive quantities - and when we understand that, our whole perspective can change...
July 4, 2019
The last few weeks for gold trader has been really exciting. Let face it, metals are starting to out perform us Equities late in a US stock bull market and we all know what that means. If you don’t know what I mean check out these charts!
