Gold, silver and mining stocks moved higher yesterday. However, the size of the rally was not huge…and it was another day during which the PM sector didn’t decline. The back and forth movement together with decreased volatility appear to be temporary as this kind of...
Gold Editorials & Commentary
October 11, 2016
This article looks at factors that will affect gold and silver prices as we go forward. We have to say they are considerable and will lead to our conclusion that while the gold price has fallen through support below $1,300 and now stand at $1,250, we see the...
The world is undergoing a major economic transition from deflation to inflation. Sadly, very few retail investors are correctly positioned to benefit from this exciting change. In the big picture, the transition means that gold stocks will outperform gold bullion,...
Gold prices “are going up” whether Trump or Clinton are elected according to most analysts in the gold market including former Libertarian and Republican presidential candidate Ron Paul.
Gold crashes, sending traders running as it plummeted below key support. Tongue wagging from Team Fed and a rising Dollar helped slap gold below $1300 for the first time in more than three months as investors begin to come to grips with a potential December rate...
October 10, 2016
Gold and silver prices charged higher during the first six months of the year. They fell into a rut over the summer, and then hit the skids last Tuesday. Lots of bullion investors are wondering what in the world happened. There are three primary factors driving this...
The Fed is Officially Screwed. The Fed has maintained rates too low for too long. Historically any time this has happened we’ve had an inflationary disaster soon after. The Fed claims to be data dependent, but if you’re talking about inflation data this is a lie.
There’s no other way to say it: Gold had a bad week. Last Tuesday alone, the yellow metal fell more than 3 percent, shuffling off $43, in its biggest one-day loss in three years. It broke below the psychologically important $1,300 mark and touched the 200-day moving...
Fed Head Janet Yellen is keeping alive the tradition of her predecessors, Messrs. Greenspan and Bernanke, by showing she is equally as blind-sighted to the bubbles central banks are blowing in the bond and equity markets. During her September press conference, Ms....
We are getting closer to our long forecast drop in the commodities complex with the possibility of some important lows next year. WTI is still putting in a top, the dead cat bounce that has lasted throughout this year is running out of steam. Consequently, we should...
This past week there was some panic selling in the PM complex, which is what we need to see happen to put in an important low. The HUI hit the 50% retrace at 195 for this first leg up in its new bull market, just under 200, which is an important physiological round...
Fortunately for traders, the Commitments of Traders report did at least catch the big move lower on Tuesday of last week so we were able to get a peek inside the market to see what happened to those massive hedge fund long positions during last week’s meltdown in...
October 9, 2016
Topping and declining cycles are putting pressure on the major indexes, some of which are already seriously challenging an important trend line from the February low. If that trend line fails, sellers should appear and drive prices lower. How low is the question...
This year’s recovery in precious metals prices – and the sudden spike in gold/silver mining stocks – convinced a lot of people that a new bull market had begun. Last week’s brutal smack-down scared the hell out of many of the same folks.
Purple Alert...Purple Alert... Gold price plunges for its worst percentage weekly loss since last November... Nobody knows why... Nothing has changed... Stayed tuned to this missive for further information...
Gold speculator and large futures traders sharply cut into their gold bullish positions last week and pushed the overall net bullish level to the lowest point since June, according to the latest Commitment of Traders (COT) data released by the Commodity Futures...
This will be a bit different article because we are not reporting on something that has already happened; we’re dealing with something that is ongoing and developing. Graham will handle roughly the first half of the article, then Andy will handle the second. Please...
Last week I attended the Denver Gold Forum along with three other U.S. Global Investors representatives, including our resident precious metals expert Ralph Aldis.
I was happy to see sentiment for gold way up compared to last year’s convention, as was turnout. I was...
What we see this weekend is that safe haven assets, US Bonds and precious metals, are about to rally, and risk assets, stocks, are about to decline. I am not sure how much longer this stock market can hold up with the help of Fed intervention to elect their self...
I’m not surprised: The week following my article illustrating why I believed the gold and silver miners are “historic buys at today’s prices”; gold, silver and their miners get whacked to their lows of the current, so far eight week correction.
October 8, 2016
The US economy may be approaching its 28th consecutive quarter of growth from the end of the 2008-2009 recession, but all is not as it seems. Shadow Stats www.shadowstats.com shows that, because of changes to the way GDP is calculated dating back to the 1980s, the...
Gold sector is on a major buy signal. Cycle is down. Our modest positions were stopped out with small losses. Silver is on a long-term buy signal. Short-term is on sell signal. Silver is more volatile than gold, manage your risk.
October 7, 2016
Technical Analysis of The Markets Via Videos.
Currently economists and market watchers roughly fall into two camps: Those who believe that the Federal Reserve must begin raising interest rates now so that it will have enough rate cutting firepower to fight the next recession, and those who believe that raising...
Gold, silver and their miners’ stocks plummeted out of the blue this week, shattering their bull-market uptrends. Gold-futures speculators had been holding excessive long positions for months, weathering all kinds of selling catalysts. But once gold slipped...
Sterling gold surged 5% in less than a minute overnight in Asia with prices rising from £994/oz to £1,043.40/oz as sterling had a massive “flash crash.” Sterling plummeted in the second biggest fall in its history – only slightly less than the collapse after the...
The HUI is coming unglued on the charts with the index falling below long-term chart support at the 200-day moving average in today’s session. It had not been below that key technical indicator since early February of this year.
Let's cut to the chase: we do not think the drop in gold earlier this week marks the end of this bull market. Why did gold drop? First, I think it's fair to say that, technically, gold was looking increasingly vulnerable over the past several weeks. Many new-time...
October 6, 2016
Are you a millionaire yet? Me neither. We might have been by now, had we better understood the finer points of “fear” and “greed” during our investing lives.
We do not often find ourselves jogging the same track as the redoubtable Dennis Gartman who commands untold premiums for his advice, but now, it seems, he is verifying our suspicion of two days ago (Please see “Gold’s waterfall drop might be associated with the big...
