Last we visited on the subject of US inflation (November, 2015) we wrote: "Using those simplistic numbers suggests that U.S. inflation as measured by the [headline] CPI could rise to an annual rate of about 4% ..." That possibility is now increasingly likely given...
Gold Editorials & Commentary
February 22, 2016
The internet is filled with predictions for the price of gold, from $500 to $50,000 per ounce. It depends on your world view. If you are a central banker or a powerful financial player which often supplies loyal employees to serve as Secretary of the US Treasury,...
I would like to update a few of the ratio charts we've been following that are still showing an important low or bear market low is in place for gold. There are so many things we read where this analysis says this and that analysis says that but the more one reads...
The big news is that the gold-silver ratio closed at 80. This is not only a new high for the move. It’s higher than it has been since 2008. It’s also exactly what Monetary Metals has been calling for. Last week, we said the gold fundamental was $1,450 and the silver...
This has been a momentous month for gold, with it finally breaking out of its long downtrend to commence a major bullmarket. Thus it is amusing to see Goldman Sachs talking about it dropping back to $1000 again. Those timorously wondering whether they are right...
February 21, 2016
SPX is correcting the decline from 2116 -- and has already fulfilled the minimum expectation by retracing a third of that downtrend. At this time, I would not bet that this is all we get, but it could be if it cannot get past 1947 before significant weakness re-...
Gold speculator and large futures traders sharply added to their gold bullish positions higher last week for a fourth consecutive week and brought bullish positions to the highest level since October, according to the latest Commitment of Traders (COT) data released...
I know, I know, Goldman Sachs Smart Alecks are now on record as of this past Tuesday (16 February) for Gold to return back down to 1100 within three months time, and then to further tumble to 1000 by a year from now. To be sure, as we again update straightaway the...
How did the market perform this week? No extreme days of market breadth or volatility. That’s a positive. And the Dow Jones was off its lows of last week. However since January 12th it has yet to break above its BEV -10% line in the BEV chart below.
Each time I look around the web, I see many calling a certain bottom in metals yet again. But, these same people have called so many certain bottoms over the years, I have lost count. So, how about if we speak a little more realistically about what is happening in...
February 20, 2016
The technicals, cycles and astro-read suggest a high probability of a severe drop in the stock market Monday to as low as the low/mid SPX 1840’s. The SPX likely completed the 100 TD low +/- 16 TD’s on February 11.
Markets and stocks reached very overbought readings this past week. Consequently, they are now setting up to either to consolidate and move higher, or move lower. Both scenarios should work off the overbought condition.
Gold broke out to the upside these past weeks after a four year correction. I waited until today for confirmation on the monthly chart that this breakout is the real deal and got it. This breakout almost certainly signals the resumption of this “once in a lifetime...
We are strong advocates of the charts providing the best and most reliable information. Even the most respected gold and silver experts do not know when the effects of globalist bankers’ manipulation will lose their impact. Each week is one week closer to a final...
Gold sector is on major sell signal. Cycle is up. Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001. Silver is on a long term sell signal and investors should be in cash or short. Short term is on buy...
February 19, 2016
Wednesday evening we raised a question in a subscriber update. We wrote: The current question for Gold and gold stocks is if they will push to higher targets before or a correction or if a correction has already started. We should know the answer in the next day or...
Technical Analysis of The Markets Via Videos.
The gold miners’ stocks have soared this year as investors flock back into this long-abandoned sector. Many traders wonder if these eye-popping gains are merely the product of fleeting sentiment that could reverse anytime, or are supported by strong underlying...
It occurs to me that in public writing I tend to bludgeon people with macro fundamentals (like gold vs. positively correlated markets, yield relationships and even confidence in global policy makers), market indicators (VIX, Equity Put/Call, Gold-Silver ratio,...
“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, respected publisher of the Gloom, Boom & Doom Report, told Bloomberg by phone yesterday.
Well, the polite way of saying it is that the markets have had a "nasty shock." Shocked included lower-grade bonds and bank stocks, particularly European banks. The latter may have had too much faith in Draghi's oft-repeated vows to do "what it takes" to inflate...
Is the resumption of the bull market in gold that so many have patiently awaited for years quietly gathering strength under our noses? The possibility occurred to me on Thursday following conversations with two of the savviest investors I know, Richard ‘Doc’ Postma...
There’s been a significant trend change in the gold market and it has the Western Central Banks worried. Before the collapse of the U.S. Investment Banking system in 2008, annual net physical gold investment was negligible. However, the present situation has...
February 18, 2016
Gold bullion and gold stocks came back from the dead, attracting new money defying the rout in commodities. Gold held its value better than other assets. That previous haven, the dollar plunged sparking a scramble for safety, amid the demise of bullish market...
The Central Banks hate physical cash. So much so that they will likely try to ban it in the near future. You see, almost all of the “wealth” in the financial system is digital in nature.
Central Bankers might lose a battle or two, but war is a composition of battles. And when it comes to war, these guys never lose as their principle is simple: Take no prisoners, shoot to kill and ask questions only if the enemy survives the onslaught of bullets....
There were many questions to a recent interview I did last Friday (released Sunday) asking about what a "cashless" society would mean so I've decided to expand on it. As it turns out, the timing was very good (by mistake) because over the weekend Europe announced...
February 17, 2016
The US suffered another sizable gold supply deficit in 2015. Matter a fact, the deficit was 50% larger than in 2014. In 2015, total US gold demand was 118 metric tons (mt) higher than total supply versus 77 mt in 2014.
One of the most critical lines to watch is the 12-month moving average for stocks. Historically this line has served well as a proxy for determining if stocks were in a bull or bear market. When stocks rallied above this line, they were in a bull market. When they...
This looks to me more like an overreaction to the down side in gold based off a sort of mini-panic out of the safe haven trades. From a fundamental standpoint, nothing has changed in regards to the concerns about negative interest rates nor the chaotic nature of the...
