There is no shortage of negative commentary on gold and silver. A quick google search will produce such headlines as: “Gold is the Worst Investment in History”
Gold Editorials & Commentary
June 10, 2015
Banning gold and silver in the United States would be just about as effective for igniting demand as the hints of gun control that follow every tragic school shooting. They are primitive political responses with predictable outcomes equal and opposite to what was...
It is obvious to anyone with eyes to see, "power" is shifting from West to East. China is the leader, the epicenter of the East and of course they are the ones "hoovering" up the lion's share (along with India)of global gold production. The following map was sent...
Why are global central banks buying so much gold unless they still fear inflation? The World Gold Council estimates that 120 tonnes of gold were added to global central bank reserves in the first quarter of this year and that’s a whole lot more than they used to buy...
In the last days of the Second World War American troops uncovered a large stash of gold, silver and paper currencies at the post office of a small town in eastern Germany called Plauen. Documents show that the stash was directly linked to SS chief Heinrich Himmler...
We have enough downside targets in play at the moment to keep us on our toes, but this chart allows a more optimistic outlook for the near-term. Notice the very precise bounce from the 1161.70 midpoint pivot. This validates the pattern itself, along with its p2 (...
Dear Friend of GATA and Gold: Recent reports from the U.S. Commodity Futures Trading Commission and the CME Group, operator of the New York Commodity Exchange, indicate that JPMorganChase & Co. is administering the Federal Reserve's gold swapping and lending...
June 9, 2015
Back on May 14th, I sent out an alert to members at ElliotWaveTrader that long positions should be closed, and profits should be banked since we have enough waves in place to mark a top to the corrective rally, even though it was much shorter than we had expected....
It is well known that I don't think much of the ability of government officials to correctly forecast much of anything. Alan Greenspan and Ben Bernanke have made famously clueless predictions with respect to stock and housing bubbles, and rank and file Fed...
riefly: In our opinion, a speculative short position (full) in gold, silver and mining stocks is justified from the risk/reward point of view.
Gold was up smartly in the overnight session, reaching 1182.50, at the time that this Post was being written. We are working on the assumption that that we are now rallying in wave -d- of our compressed wave (b) Option 1. Wave -c- of this Option ended at last...
With respect to the reasons for owning gold, I never flinch when taking a long-term value perspective. In the monetary and financial world gold is insurance and insurance is something you buy, but hope to never need. The value of insurance is in one of its...
We expected $1170 to get broken this month…and indeed it has. This is more than likely bad news for the bulls and, even though price firmed slightly above at the close of the week, it is still an ominous sign. Our expectation is that June is set to be a bad month...
That’s a seasonal chart for gold. I’ve highlighted my key buying and profit booking areas. June is the most important time of the year to buy gold.
The highly regarded former chairman of the Federal Reserve, Paul Volcker, has severely criticized the State Governments in the U.S. over “faulty practices” used to devise budgets which mask the true financial position of those states.
Although the longer-term bullish case for gold could scarcely be stronger, over the short to medium-term the picture continues weak, with it looking vulnerable to breaking down into another downleg to the $1000 area and perhaps lower.
In my previous article yesterday I tried to stress the importance of getting to the sidelines before gold begins the final decline into its eight-year cycle low. Today I’m going to show you what I think is in store and why.
Although it is not possible to determine an objective value for gold (the value of everything is subjective), by looking at how the metal has performed relative to other things throughout history it is possible to arrive at some reasonable conclusions as to whether...
June 8, 2015
Global markets are changing drastically and showing volatilities like we saw back in late 2008. I am not talking about stock markets, it is the debt and currency markets that are schizophrenic. Oddly, even after all of the various Western "QE's", liquidity suddenly...
More and more analysts are beginning to take note of the “War on Cash.” However, they’re missing the fact that the actual template for what’s coming to the US first appeared in Europe back in 2012.
In this Weekend Report I would like to show you an in depth look at some of the more important currencies on the planet to see where we’re at in the big picture and how they may affect the price of gold. In general when a currency (other than the US Dollar) is...
Gold sector is on major sell signal. Cycle is down. Much lower prices in coming weeks.Silver is on a long term sell signal and investors should be in cash or short. Caution is advised as COT data has reached levels of previous tops.
Gold´s price action over the last two weeks has been pretty weak. The 50MA (US$1,196) has been lost and it looks like Gold wants to break lower. Yet it did not close below $1,170 and bulls are starting a recovery since the lows from last Friday @$1,162.
The joint CEO’s of Germany’s largest bank, Deutsche Bank, the twelfth largest bank globally in terms of assets, unexpectedly announced their resignation over the weekend. Anshu Jain will resign at the end of this month, almost two years ahead of schedule while...
June 7, 2015
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for cash (because they don’t...
With more evidence arriving this week, it has become a near certainty that both gold and silver prices have topped in their Biannual Cycles and will head lower into the summer of 2015. The gold price peaked in the ninth week of its biannual cycle.
Does the gold price still have to go to hell-and-back before it shoots very much higher? That’s certainly the opinion of many professional technical analysts and followers of the Elliott Wave theory.
As most of you probably know by now, it’s been my belief for about a year that gold’s bear market would not end until at least testing the previous C-wave top at $1050. Every D-wave correction in the secular bull has at least retraced to the previous C-wave top...
Our song and dance of a week ago concluded with a calculation for Gold's realistically reaching the 1400s -- before this year is out -- based upon these two assumptions: 1) the low thus far holds (1142 on 17 March) and 2) the "expected yearly trading range" of 274...
I’ve come to a point in my market observations where I have little desire to follow current market trends, except for maintaining my data files. I do admit though that I’m closely following Treasury yield daily closings.
