Gold sector is on a major buy signal and short-term is on buy signal. Cycle is up. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.
Gold Editorials & Commentary
February 4, 2017
The US dollar has now closed lower for 6 weeks in a row which is testing the patience of the bulls. This week the price action cracked the top rail of the horizontal trading range which is a negative, but not confirmation yet the trend has reversed down. There are...
We are still waiting patiently for another possible nibble at some miner positions. In the meantime, what is the XAU:Gold ratio…and why is it important?
February 3, 2017
As we have repeatedly warning, anyone who is betting on the Trump Presidency unleashing a massive $USD bull market in the near future is going to get taken to the cleaners. This has already begun…
Gold and silver resumed their uptrend this week to challenge recent highs, last seen on 23 January. The best levels were mid-week, before some end-of-week profit-taking took place. In early European trade this morning (Friday) gold was trading at $1213, up $22 from...
Gold’s first new bull market since 2011 last year was overwhelmingly driven by stock investors flooding into gold ETFs. Traditional physical bar-and-coin demand was actually quite weak, falling considerably year-over-year. Nevertheless, it’s still important to...
Here are today's videos and charts
Gold Today –New York closed at $1,215.30 on the 30th January after closing at $1,190.90 on the 27th January. London opened at $1,213.50 today. Overall the dollar was weaker against global currencies early today. Before London’s opening:
In recent years, deflation was considered one of the biggest threats to the global economy. These fears are vanishing. As deflation becomes the thing of the past (there was even the end of deflation in Japan at the end of 2016), reflation is now attracting the...
-Gold hits 12-week high. -USD Gold price up 4.85% in last month. -Sabre-rattling from Trump administration set-to benefit gold. -Iran upset and Middle East tensions could drive oil and gold prices up.
Every time gold and silver prices have a good run, there tends to be a proliferation of sensationalistic articles that state something to the effect of “gold ready to break out to new highs now” or “silver about to surge tremendously”.
February 2, 2017
If the past two years could be described with a single word, it would have to be “uncertainty.” Investors and non-investors alike have been dominated by this emotion, and its ubiquitous presence can be seen in the absence of a clearly-defined trend in the US broad...
“But the chaotic start to the administration and what many see as its protectionist agenda have amplified fears of not only currency wars, but a fully-fledged trade confrontation that could be disastrous for the world economy.” Financial Times 2/2/2016
Investors in most countries make the mistake of measuring their returns based on their home market and their domestic currency. This might have worked when they only had access to their local investment market. But that time is long gone. Now we have a global...
Gold finished yesterday with a sharp upswing, but not before gratuitously inflicting pain on bulls with a $15 swoon early in the session. If the rally is ruled by the pattern shown as I expect it to be, the futures should hit 1219.10 overnight or early Thursday....
The United States suffered through a deflationary depression in the 1930s. Stock prices crashed, currency in circulation declined, commodity and real estate prices fell hard and human misery prevailed.
It is two and a half minutes to midnight, the Clock is ticking, global danger looms. Wise public officials should act immediately, guiding humanity away from the brink. If they do not, wise citizens must step forward and lead the way. Bulletin of the Atomic...
February 1, 2017
Why Gold Will Benefit From The Alternative Fact Of The Cashless Society. -Alternative facts prevail in the European Commission’s calls for cash controls. -Terrorism is blamed for the need to control cash. -Evidence shows criminals find alternative ways to finance...
In mid-November, as most of the market was becoming quite bearish in the metals complex once again, I provided you with a path as to how the market can get even more bearish, and set us up for a bear trap, while I was noting that I was reducing my hedges:
I am very bullish on the gold price in 2017. Since the year has got off to a cracking start, I believe we need to see a test of the recent low to lay a stronger foundation from which to launch even higher.
Dow Index 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported “Dow 20,000” hats. Even President Donald Trump joined the celebration. Trump told ABC News he was “very honored” that the stock market gave his presidency a symbolic...
January 31, 2017
I used to make fun of the FOMC rate hike “decision” language in the mainstream media because under the Obama administration and its economic policies overseen by the Fed’s monetary policy, there really was no decision, was there? It was ZIRP-eternity, interrupted...
Saturday marked the Lunar New Year, the most important date in the Chinese calendar. It’s also the start of the longest holiday at two weeks, during which the largest mass migration of humans occurs every year as families reunite and go on vacations, both domestic...
The $USD is about to collapse. This is not fear mongering, nor is it just a bold statement. The $USD has peaked and is about to breakdown in a BIG way. See for yourself, the greenback has taken out critical support. The spike higher that occurred starting election...
As I have noted for many years, gold has a rough general tendency to decline ahead of the US jobs report, and then rally in the hours and/or days following the release of the report. The next monthly jobs report will be released at 8:30AM on Friday. This report and...
2017 and beyond should prove to all that the two party system today is but a charade. Trump will continue to increase the debt through infrastructure improvements. It is a REAL possibility that Trump will negotiate a default, a bankruptcy, on our debt just as he has...
Do President Trump's first moves in office signal a weaker dollar and higher gold prices? The US dollar fell more than 1% against the Japanese yen today, amid fears that President Donald Trump's executive action on immigration could harm trade.
Fund manager John Hussman is always good for dramatic charts. Here’s a recent one, and this ratio is even scarier than it looks, says Hussman:
January 30, 2017
The best performing precious metal for the week was platinum, up 0.74 percent. Silver also clocked a positive gain of 0.28 percent. Economic growth in the U.S. slowed more than forecast last quarter on the biggest trade drag in six years, reports Bloomberg. Net...
Did gold find a Trading Cycle Low last Friday? Perhaps. Silver was definitely leading the way as it often does at bottoms. But silver also delivers many head-fakes and with the USD is due for a new Trading Cycle bounce, gold will likely move lower next week.
