In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, and there are the...
Gold Editorials & Commentary
February 14, 2019
Question: Plunger you keep insisting that we are in a bear market. Really? The averages have done nothing but go straight up since December 24th. At this rate we will be at new highs within a month. I thought prices go down in a bear market! That’s not happening...
This Valentine’s Day might best be remembered for two things in particular writes Frank Holmes via Forbes. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet nothings...
February 13, 2019
In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along. Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when...
Yesterday, the USD Index moved substantially lower while precious metals barely yawned. Why is gold not rallying? What does the gold-USD link tell us now, in combination with latest developments throughout the PMs sector? Let’s examine these and many more clues...
This Valentine’s Day might best be remembered for two things in particular. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet nothings like “BE MINE” and “CRAZY 4 U.”...
Wall Street cheerleaders assure everyone stocks go up in the long term. Yes, they rise because the dollar is devalued every year, which they seldom discuss. Their cheerleaders avoid stating that corrections and crashes occur every five to ten years. Wall Street...
Gold prices broke over €1,160 (EUR) and £1,020 (GBP) per ounce mark yesterday following more poor economic data out of the EU and the UK. The British pound has again come under selling pressure due to Brexit uncertainty and the very poor UK economic data has made...
February 12, 2019
Gold stocks have to do more to confirm they are in a new bull market. Sure, they’ve surged above key moving average resistance and breadth has improved.
GoldCore has recently transported gold bullion coins and bars weighing nearly 2,000 troy ounces (over 60 kilos) and worth more than €2m into the country from the UK. This is believed to be the largest legitimate movement of gold bullion into Ireland in decades.
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right?
On January 28, 2019, our research team issued a research post indicating we believed that 45 Days Until A Multi-Year Breakout For Precious Metals in preparation for a momentum base/breakout that would initiate sometime near the end of April or early May.
This is the daily gold chart. The uptrend looks majestic, and especially so in the face of the dollar’s strength against the euro and the yen. Whether gold rallies from the current $1306 support zone or from $1280 is not important. What’s important is the overall...
The best performing metal this week was palladium, up 3.63 percent as hedge funds boosted the net-long position to the most bullish in five weeks, CFTC data showed for early January. Gold traders and analysts remain bullish on the yellow metal for the 13th straight...
The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.
There has been a fundamental shift in central banks’ behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment...
February 11, 2019
Sometimes the clues one needs to make a very important decision are hidden and not visible at the first sight. Sometimes, they are right in front of one’s eyes. Interestingly, at times it’s more difficult to notice the obvious ones than the hidden ones, as one views...
Stocks were mixed on Friday, as investors hesitated following Thursday's decline and a short-term profit-taking action. The S&P 500 index got closer to the 2,700 mark again last week. So is this just a downward correction or some new downtrend?
Last week, in Part I of this essay, we discussed why a central planner cannot know the right interest rate. Central planner’s macroeconomic aggregate measures like GDP are blind to the problem of capital consumption, including especially capital consumption caused...
In a recent Financial Times editorial, Gillian Tett, who rose to prominence for her coverage of the 2008 financial crisis, raised the question of financing the U.S. debt. Headlined America faces a battle to find buyers for its bonds, her article begins by...
Jerome Powell threw Wall Street a lifeline recently when he decided to temporarily take a pause with the Fed’s rate hiking campaign. The Fed Head also indicated that the process of credit destruction, known as Quantitative Tightening, may soon be brought to an end...
Ireland’s longest established gold broker, GoldCore has transported what is believed to be the largest legitimate movement of gold bullion – investment grade gold coins an bars – into Ireland in decades, possibly since the foundation of the State.
February 10, 2019
After reaching 2739 last Tuesday, SPX started what is probably a correction of the 393-point uptrend which started at 2346. If that’s the case, we could keep going until we reach 2589, at a minimum. But this is only a preliminary estimate of what happens next.
Upon there being nothing in your petrol tank, (or for you Tesla-types out there nothing in the form of ions in your anode), your vehicular conveyance stalls. As well this past week, Gold found itself fuel-less with nothing to give it go.
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...
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.
