A week ago Friday, the metals got clocked hard. It was a drive-by “paper gold” shooting on the Comex, which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero.
Gold Editorials & Commentary
June 24, 2018
The Dow Jones Index is having a problem with its BEV -5% line, (25,285) in the chart below. It easily broke above it on February 26th (Red Circle), closing the day at -3.41%. However, that advance was short lived. Then again in early March it broke above the -5%...
From the "Just Mail It In Dept." the following thought (not for the first time) did cross our mind: take the piece penned this past 11 November, change its date to today and post it. After all, 'twas aptly titled "Again We Find Gold Again Boxed-In Again". For with...
June 23, 2018
Gold sector is on major buy signal since early 2016. Speculation is in bull market values. Open interests is now at levels of previous bottoms.
It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world, and it's always great to have him on with us. Gerald, thanks for taking the time again today,...
June 22, 2018
Here are today's videos and charts.
On Wall Street, it's best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understanding is rare, analysts typically look to provide explanations after the fact. Within the financial...
The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain...
As I watch the financial game shows it seems obvious that they are trying to explain the market's recent struggles with the "Trade Wars" narrative. While this may have some bearing on what is going on does it seem strange to anyone else that the markets here in the...
Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market?
We cannot borrow our way out of debt. We cannot spend our way into prosperity. We cannot tax ourselves into wealth. We trust sane individuals also understand the following. We can’t fix an excessive debt problem with more debt. (Central bankers disagree…)
It has been a while since we’ve had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with the macro and b) I felt my ‘image-based metaphorical content to straight content’ ratio was getting a little excessive. So I gave it...
The point is, I use a rigorous scientific method to analyze and predict markets. I don’t guess or take positions just to get attention. I constantly apply new data to test my original hypothesis. If the data confirms my hypothesis, I stick with it. If the data...
June 21, 2018
Gold and silver markets entered this summer with sentiment toward the metals in something of a deep freeze. For several months, precious metals prices have gone essentially nowhere. No sustained rallies to attract momentum traders; no washout plunges to attract...
Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen...
Thirty-year mortgage rates might have ticked up in the past 12 months, but for now that doesn’t seem to be weighing on new home demand. According to the Commerce Department, housing starts climbed to an 11-year high of 1.35 million units in May, a clear sign that...
The decline in gold, silver and mining stocks continued yesterday, further increasing profits on our short position. But, since gold is already in the $1,260s, and our target area is $1,250 - $1,260, one should prepare for a nearby reversal.
The trade wars have escalated again. Should investors worry about them? Or should they focus on the Fed’s hawkish policy? Let’s find out what is a greater threat (or opportunity) for the gold market.
Last week, we updated the incredible surging amount of total COMEX "Exchanges For Physical". Much has changed in the past few days, so with some additional data in hand we thought we should re-visit the topic this week.
Bloomberg, Reuters and other media are now reporting that Russia dumped Treasuries in a major way in April and today comes news that Russia bought another 600,000 ounces of to add to its already sizeable and growing gold reserves.
June 20, 2018
The usually suspect gold bugs and perma-bulls have been quite noisy over the last few weeks trying to convince bullion traders and stock speculators that the price of gold and ergo, the market capitalization of gold stocks are on the verge of a big break-out to the...
Everyone wants to buy at the absolute bottom in any market. Yet, most actually buy at the highs, expecting much higher prices, and then sell at the lows, while expecting even lower prices. The gold market is no different.
June 19, 2018
Just a quick update on a few of the GLD charts we’ve been following closely. Below is the daily line chat which shows the breakout from the blue triangle that formed as the backtest to the larger 5 point bearish falling wedge reversal pattern. The bulls tried as...
The dollar and the US stock market may be starting their next major legs down today. This is the ominous US dollar versus Japanese yen chart. Central banks around the world are ramping up their tightening. Back in 2013-2014 when I predicted quantitative tightening...
Two of the most powerful men in the world. Trump? Putin? Xi? Nah. Chairman Jerome Powell and President Mario Draghi. Let’s analyze their recent press conferences!
Last week we said something that turned out to be prescient: This is not an environment for a Lift Off Event. An unfortunate technical mishap interrupted the latest moon-flight of the gold rocket. Fear not true believers, a few positive tracks were left behind. [PT...
The Chinese stock market took a hit today. The Shanghai Composite Index ended the session down 3.8% to close at a two-year low, notes Bloomberg. What’s wrong? Investors are starting to worry that Donald Trump is deadly serious about his enthusiasm for a trade war,...
June 18, 2018
The U.S. inflation story made further inroads this month, with year-over-year price growth for consumers and producers alike hitting multiyear highs. U.S. consumer prices expanded at their strongest pace in more than six years, climbing to an annual change of 2.8 ...
The best performing metal this week was silver, down just 1.37 percent. Gold traders and analysts were bullish on the yellow metal due to speculation that the now confirmed interest rate hike by the Federal Reserve could ease the dollar’s rally, according to...
The pressure on the current monetary establishment has been building steadily. Just because gold and silver has not made a major move up, does not mean that the terminal illness of the international monetary system has now gone away. On the contrary, its imminent...
