Another week of nothing much happening with the Dow Jones; since last Friday it has advanced by only 42.44 points. What’s to make of that? After the impressive advance that began after December 24th the market is taking a break. Don’t be surprised should the...
Gold Editorials & Commentary
February 10, 2019
February 9, 2019
Gold sector is on a major sell 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.
February 8, 2019
I reserve most of the work on precious metals for NFTRH weekly reports and in-week updates because it is done on a consistent basis, with the work done previously key to the narrative making sense in real time and going forward. In other words, in order to not be...
Here are today's videos and charts.
Gold stocks’ young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That’s helping the gold stocks regain lost ground...
As a sovereign nation, Venezuela should have the right to take possession of and sell their gold on the open market. As sovereign individuals, we should too.
The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today’s article about the development of the Eurozone in the last twenty years and find out what...
This article was originally published on Sun Feb 3 for members of ElliottWaveTrader: Extremes are the hallmark of the metals market. And those that handle the extremes best are usually the ones who do best in the metals market.
Here is my Chart of the Day Friday summary (just 4 again this week!) covering markets, technicals, sectors and stocks I am interested in. You can find these on Linkedin too, so please connect with me there for daily content updates. You can click on each chart title...
February 7, 2019
He who controls the gold makes the rules. That old adage applies aptly to the present crisis in Venezuela. An international battle for control of Venezuela’s gold is currently underway. At stake is the country’s political future – and with it, the global market for...
Whenever the next recession does arrive, what we know today is that it is unlikely to be a "normal" recession, by the standards of what most people have experienced in their lifetimes.
The major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central banks. The same old tired, failing inflationist responses are being lined up, despite the evidence that monetary easing has never...
The new Alchemist is out. What can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!
It has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.
Gold has delivered positive returns over the long run, outperforming key asset classes.
The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months. On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals/Miners . In this post, we suggested that the recent...
February 6, 2019
Happy Year of the Pig! This week marks the start of China’s Spring Festival, during which an estimated 3 billion trips will be made using the country’s massive transportation network of roads and rail. That figure is a slight rise from the same period last year,...
The combination of reversals that we are approaching is truly exceptional. Four different markets, many different lines and they all point to the same time-frame in which we should see a reversal of a huge importance. It seems that the markets almost can’t wait. Are...
On Thursday, the ECB held its monetary policy meeting. It left the policy on hold. The bank also maintained its forward guidance about the future path of interest rates unchanged (they are expected to “remain at their present levels at least through the summer of...
What a deal! Newmont Mining will buy rival Goldcorp, creating the world’s largest gold miner. What does it mean for the gold market?
The economic development of China is one of the most important events in the history of the world. In an unprecedentedly short time, millions of people have been taken out from poverty. But, as no country has ever developed so fast, that great story raises important...
We will see a recession and a rally in gold in 2019 or 2020. True or false? We invite you to read our today’s article about ‘recession in 2020’ narrative and find out what it all means for the gold market.
Price inflation has been badly misrepresented by CPI figures and have been averaging closer to about 8% annually since gold topped in Sept 2011. Since then the purchasing power of the dollar has declined by about 43%, so that in 2011 dollars the gold price is $740....
Last week’s data showing a drop in Italian GDP in Q4 of last year confirmed what many observers had already suspected: Italy is in recession. Or rather, in another recession, for this follows similar phases in 2008, 2011 and 2012.
February 5, 2019
Here is a single chart that proves how completely the Fed’s end-game for its recovery failed, which means the fake recovery, itself, is failing. It’s not hard to figure out what happened here.
Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.
Gold is moving closer to confirming a multi-year bull market per my long-term comparison. A decisive move higher than the $1375 area would be confirmation of this bull. Below, is the updated long-term comparison:
Something big is happening in the gold market right now, and nowhere is that more apparent than in central banks of emerging economies. Last year was a watershed in the size of official gold purchases, as banks added an incredible 651.5 tonnes (worth some $27.7...
February 4, 2019
Get ready for a new era of precious metals investor. That’s correct. Up until now, the primary buyer of gold and silver have been the older generation, 40-65+, but that will all change when the next financial crisis hits. The Millennials, or those in the 23-38...
On January 6, we wrote the Surest Way to Overthrow Capitalism. We said: “In a future article, we will expand on why these two statements are true principles: (1) there is no way a central planner could set the right rate, even if he knew and (2) only a free market...
