I’m starting to see lots of chatter about traders preparing to back up the truck when gold reaches $1000. First off, if you believe like I do, that this was a mostly manufactured bear market by the bullion banks in order to stretch price as low as possible before...
Gold Editorials & Commentary
June 16, 2015
The state of Texas has just passed legislation to build its own gold bullion depository, to repatriate $1 billion dollars worth of gold currently stored by the Federal Reserve in New York and to create a new gold electronic payments system to protect from “national...
BIG PICTURE – At the beginning of the year, market participants were expecting the Federal Reserve to raise interest rates during the summer months. This widely anticipated monetary tightening prompted investors to become cautious which halted the primary advance...
Over the past several years, world central banks have become buyers of the gold bullion. They continue to buy now, as gold prices remain depressed compared to their 2011 price levels. In the first quarter of 2015, central banks bought 119.4 tons of gold. In 2014,...
June 15, 2015
Apart from two mini-peaks at recent Daily Cycle (DC) tops, Gold’s current Investor Cycle has traded in a narrow, horizontal range. The Investor Cycle (IC) began with 10 good trading days back in March, but has since moved sideways.
Trading capital (our opinion): Short (full position) position in gold, silver and mining stocks is justified from the risk/reward perspective with the following stop-loss orders and initial (!) target prices:
The highly regarded editor of the Gloom, Doom and Boom report, Dr. Marc Faber has warned that “the whole financial system will one day implode.”
I’m going to try and lay out a game plan on how this possible last impulse move down may play out in time and price. One thing I can guarantee you is that there will be no bell going off at the bottom when it finally materializes.
DEFLATION RULES... because periodic recessions, necessary to rebalance the economy after periods of growth, cannot be put off forever by the short-term expedient of printing money. The result of such corrupt and evasive practices is that the deflationary forces...
Markets typically move in waves. For secular investors, the long waves with a duration of 6 months to 6 years are important. However, the 3 to 6 months waves convey information about the secular strength, and that is why we focus on the multi-month trends.
June 14, 2015
Markets were strong, then stalled…and finally ended the week on a weak note. I remain in cash…but I did take one small position Wednesday…and it is working well In any case I have tight stops, since this market is not acting normally.
'Tis no goof: with all the financial foundation fracturing that even the FinMedia are (finally) finding out there, Gold has seemingly gone aloof. Surfacing are concerns that the "mood" on Wall Street is shifting such that stock markets may actually pull back, (a...
Gold speculator and large futures traders sharply reduced gold bullish positions last week and decreased their overall bullish bets for a third straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading...
I use CNN Money for after hour stock index futures and get an occasional chuckle reading their market commentary.
June 13, 2015
In the early 2000s, Alan Greenspan was worried about deflation. So he hired Ben Bernanke, the self-proclaimed expert on the Great Depression from Princeton. The idea was that with Bernanke as his right hand man, Greenspan could put off deflation from hitting the US...
Last weekend I was looking for bottom late Monday near 2067/70 -- and then a strong rally to perhaps as high SPX 2101/13 by Wednesday. The SPX bottomed early Tuesday at 2072 and rallied to 2115 by Thursday. I give myself an A- for that forecast, not perfect by any...
History teaches that long trends end only when everyone is finally convinced that they’ll keep going. Maybe no trend in modern times has been as convincing as interest rates. The yield on long-term Treasury bonds, for instance, has been falling for as long as most...
Gold sector is on major sell signal. Cycle is down. Much lower prices in coming weeks. Silver is on a long term sell signal and investors should be in cash or short. Caution is advised as COT data has reached levels of previous tops.
We live in a dysfunctional world. The entire United States media, TV, radio, and print are massive purveyors of misinformation and lies. The truth is not allowed to exist, which is incredibly ironic, for when the public is told the truth, it is not believed for the...
June 12, 2015
From being heavily involved in the gold market since 2001 I have seen numerous gold mining shares rocket 300% - 1200% in value. Long time readers of my reports know I call these rare plays “Golden Rockets” and I would like to talk about a stock which has all the...
Why are governments suddenly acting as if cash money is a bad thing that must be severely limited or eliminated?
OK pardon the play on a 1986 Kurt Russell action adventure flick entitled “Big Trouble in Little China”.
Despite three consecutive weeks of losses precious metals have failed to mount much of a rally. Gold closed last week above $1170 and may close this week below $1180. Meanwhile, Silver has struggled to mount any rebound and appears to have lost $16 as the week comes...
Gold prices have traded very actively over the past 15 years, as precious metals once considered an alternative investment have now become more accepted by investors of all sizes. For most of these years, the price of gold increased, recording a high in October 2011...
DOW Wasting, US$, Gold & Silver Slow, GDX & GDXJ, He Shoots And Scores, And More PM Analysis via videos
Gold remains deeply out of favor, languishing near major lows. Traders are still convinced gold is going nowhere, and want nothing to do with it. But provocatively that’s par for the course in early June, when gold slumps to its most-important seasonal low. Gold’...
Last week I wrote a column on MarketWatch that seems to have stirred quite a bit of debate. Within the column, I was pointing to the potential for a multi-decade rally to be seen in the metals and mining stocks. It seems many of you had very strong feelings that...
20 Countries Have Announced Digital Warfare Programs. A new book detailing the development, operation and ramifications of the deployment of the notorious Stuxnet virus shows that it has created a far more risky world.
My last piece was quite long and involved, some liked it and "got it", others not so much. The breaking of confidence was the point I was trying to get to. I intend to try again with this writing but from a different viewpoint.
In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated...
