The best performing metal this week was palladium, up 4.36 percent on acute supply tightness. JPMorgan sees additional upside to the price despite weaker auto sales. Gold traders and analysts surveyed by Bloomberg remain bullish on the yellow metal for a 10th...
Gold Editorials & Commentary
January 22, 2019
An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund.
As a member of the British parliament in 1999, Sir Peter Tapsell, who passed away this past August, argued vigorously to keep the government from selling off over half of the country’s gold reserves. Previously, in the 1980s, Tapsell had managed a gold bullion fund...
Last week, we joked that we don’t challenge beliefs. Here’s one that we want to challenge today: the dollar doesn’t work as a currency, because it’s losing value. Even the dollar’s proponents, admit it loses value. The Fed itself states that its mandate is price...
Is the price correction in gold already over? I told investors to prepare for a modest and healthy correction from the $1300 area, and that’s happened.
– Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore. – Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019
Increasingly, my view of all of the action in ES (e-mini March S&P futures contract) from the Dec 25 electronic Christmas Day low at 2316.75 into last Friday's (Jan 18) high at 2677.75 (+15.6%) represents three distinct psychological phases of market influence,...
Having watched Van Helsing I thought "There must be a way to work this stuff into chart analysis" and there is, for tomorrow night there is a "Super Blood Wolf Moon Eclipse" which might synchronize with a reversal in the markets.
January 20, 2019
Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.
Friday Morning Comment: “Trade talk optimism, options expiration, a three-day week-end, and a Bradley turn date! That’s a powerfully bullish combination which undoubtedly generated massive short-covering rather than genuine buying when legitimate projections were...
Opening note: with respect to the above Gold Scoreboard we've upgraded the line colours to make them more visibly distinct, the thrust of the overall picture rather cynically showing us that Gold's price these past few years hasn't materially gone anywhere in spite...
I’m back from my three-week vacation, three weeks where the market began feeling Mr. Bear’s hot breath on the back of its neck in late December, to now where people can once again anticipate new all-time highs in the Dow Jones Index.
January 19, 2019
It has been a while since I have written a public article. The current set up is just too intriguing not to write about. Therefore, let me cut to the chase. The stock market peak of October 3, 2018 and subsequent drop into Dec 26 is not over, not by any measure that...
On the one hand, it is closest to breaking the channel since it has been in November to the downside. This would obviously be bearish, especially if support at the prior low of 1278 is taken out. Momentum indicators such as the RSI and both MACDs have already turned...
Our proprietary cycle indicator is up. Gold sector is on a major sell signal. GLD is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal.
January 18, 2019
Here are today's videos and charts.
Gold investment demand reversed sharply higher in recent months, fueling a strong gold rally. The big stock-market selloff rekindled interest in prudently diversifying stock-heavy portfolios with counter-moving gold. These mounting investment-capital inflows into...
Here is my Chart of the Day Friday summary (just 4 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 below...
The three legs that supported gold’s extended rally from just after the 2008 global recession until the all-time peak in 2011 may be making something of a comeback this year.
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin.
Leaving aside our usual inclusion of macro fundamentals and market ratios, today let’s take a simple technical look at the S&P 500 and gold.
January 17, 2019
Never in our lifetimes has American politics been so marked by division and dysfunction. The longest partial government shutdown in history occurred after the Democrat-controlled Congress wouldn’t compromise with President Trump on a border wall. The impasse is but...
71 days. That’s all that separates us from the Brexit deadline. And the UK has still no clear path forward exiting the EU. Does gold have one? Today's analysis features possible scenarios for the UK and for gold along with their likelihood. In the current political...
The post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up 12.5%. The SPX and Dow Indices are up 10.4% and 10.1% respectively. During the stretch between December 26th and...
A group of Wyoming legislators have introduced three bills this week to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund.
For first time in over 16 years, palladium futures settle at a premium to gold futures.
January 16, 2019
Could you imagine life without a government? Now, you can. The federal government has been shut down since December 22nd, 2018. The government shutdown does not, of course, imply that the whole government is closed.
More gold mines will be going on the block thanks to a blockbuster gold mining company tie-up announced Monday. And major gold companies will also be looking to acquire large, preferably high-grade deposits, due to the ever-present problem of depleting mine reserves...
Consolidation season has finally arrived in the goldfields, just as many experts and analysts have been predicting for some time now. With exploration budgets having been slashed since their 2012 peak, and because there are today fewer and fewer ounces of gold...
– Turbulent markets and Brexit mean it is essential to consider safer options like gold. – You need to take some risk in a portfolio – cash, gold and planning are essential. – To build a financial fortune & long-term wealth one must diversify assets & own...
