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Gold Editorials & Commentary

September 25, 2016

SPX quickly put a halt to its correction from 2193 -- and built a base while it waited for the next FOMC meeting. After the decision was announced, it broke out of its base and met its first phase target, which took it back to the top of its corrective channel....

The cycle since 2009 has been different from other market cycles throughout history in only one significant manner. To wit: it is the Global Central Banks that have intentionally pushed interest rates to zero and below. This encouraged investors to speculate in the...

No doubt you Shakespeareans out there recall from "Hamlet" the Danish prince's sycophantic buddies, (turned spies for cunning Uncle King Claudius), Rosencrantz and Guildenstern. 'Course, as the tragic tale unfolds, the immortal Bard deftly writes the pair out of the...

As expected, the FOMC passed up another opportunity to raise their Fed Funds Rate this week. With 2016 being an election year, and late September just a few weeks from the November election, how anyone could believe the Yellen Fed would even consider raising...

September 24, 2016

It seems as if the tide has changed as the U.S. imported a record amount of gold from Switzerland in July. Normally, the flow of gold from the United States has been heading toward Switzerland. For example, when the U.S. exported a record 691 metric tons (mt) of...

Stocks are experiencing great strength now after the Fed meeting and decision to keep rates on hold, as expected. There is just no reason to hike rates until after the elections, meaning December is the earliest possible rate hike in my view.

This week I attended the Denver Gold Forum along with three other U.S. Global InvestorsU.S. Global Investors - an investment management firm specializing in gold, natural resources, emerging markets and global infrastructure opportunities around the world....

There were some hopes that a non-move by the Fed would end the current correction in precious metals and spark a move to new highs. Unfortunately, the Federal Reserve cannot override the supply and demand component of the market. Gold and gold stocks popped higher....

Gold sector is on a major buy signal. Cycle is down. Investors stay patient and wait for the correction to complete, then cost average in at the next cycle bottom.Silver is on a long-term buy signal. Short-term is on buy signal. Silver is in a correction and can...

In previous articles, we examined gold's performance in the presidential election cycles. The only relatively reliable conclusion we were able to draw from the long-term analysis is that the post-election year is the worst for the price of gold in the whole cycle....

September 23, 2016

Gold surged sharply this week after the Yellen Fed yet again chickened out on raising its benchmark interest rate. Gold-futures speculators’ irrational fear of Fed rate hikes has been a major drag on gold. And rate-hike risks just plummeted in the coming months,...

Technical Analysis of The Markets Via Videos.

Before I discovered the junior PM stocks in 2002, the big cap tech stocks is where I played especially during the 1990’s. The real move for the tech stock actually began in 1995 where the final parabolic move started into the 2000 top.

“There remains a risk of deflationary spirals in which capital flight, currency devaluations and collapsing asset prices would stymie growth and shrink government revenues. As capital begins to flow out, there is now a real danger of entering a third phase of the...

September 22, 2016

From the 1637 Tulip Bubble to the financial meltdown of 2008, the theme has been the same. The masses never learn, they always cry foul on the way down…but gurgle with joy on the way up. In other words, when they are making money, they are okay with the risk, but...

Arguments about sound and unsound money often degenerate into a ‘them-and-us’ dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos. Supporting one side or the other as if they were opposing...

Gold was up 1.5% and silver surged 3.1% yesterday after Janet Yellen again failed to raise rates from record lows at 0.25%. The Fed maintained ultra-loose monetary policies which are again creating stock and bond market bubbles in the US and other countries.

September 21, 2016

This week's harvest of headlines records a lot of hope in the crude oil markets as well as remarkably reckless borrowing. Matched, of course, by the equivalent in lending.

Trump or Clinton are “positive for gold” and prices could rise to between $1,700 and $1,900 per ounce by year end according to Canadian gold mining magnate Rob McEwen. Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an...

All Said and done, confidence in central banking's confidence game remains the prime mover of gold prices, writes Adrian Ash at BullionVault. Because as the New York Times put it in 1999, with no shred of irony or historical awareness, who needs gold when you've got...

September 20, 2016

I have a core position in Miners that I started early in 2016. As a trader, I have sold most of my shorter term trading positions and I am waiting for the fat pitch to reload. Are we there or is there further selling likely? I believe that we are very close to...

Yes, you heard me right. The miners are setting up in a pattern which can see them double within the next nine months. So, let me explain. But, before I get into that explanation, I want to preface this write up by saying that I put a lot of thought into where I...

The world is about 24 hours away from key BOJ and Fed meetings that could create a sea change in global markets. Strong handed gold investors don’t appear to be worried about the BOJ and Fed meetings, and with good reason; a rate hike from the Fed would create panic...

I have been advised many, many times that I would suffer a lot less seething hostility from co-workers, neighbors and family members (including the one, not mentioning any names, that promised to love, honor, ‘til death do us part with this ring I thee wed blah blah...

We are well along in the precious metals correction…and have downside targets for gold, silver and the miners. In order for that to be a ‘buy’, the sector and macro fundamentals will need to be in order. Some of those are represented by the gold ratio charts vs....

Gold, silver, and their stocks will either rally considerably, or incredibly, depending upon central bank insanity, more QE, helicopter money, accidents, and currency devaluations. Remember, Argentina hyperinflated over one trillion to one, compared to the US dollar...

Central banks have got the economy and markets covered. They know what they’re doing. Their theories are backed up by decades of academic research and expert advice.

Boston Fed President Eric Rosengren recently rattled markets when he warned that low-interest rates were increasing the temperature of the US economy, which now runs the risk of overheating. That sunny opinion was echoed by several other Federal Reserve officials...

Harvard professor and economist Ken Rogoff is once again leading the chorus of high-level academics and officials who declare cash is only for criminals. He made his case in a recent Wall Street Journal editorial called the “Sinister Side of Cash.” The solution, he...

September 19, 2016

The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent. With the five-year Treasury yielding 1.19 percent, government bond investors are now...

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