There’s a widespread belief that Western investors only buy strength, while Eastern investors only buy weakness. That’s not completely accurate.
Gold Editorials & Commentary
July 15, 2014
It is said that, “If you live by the sword, you die by the sword.” Let’s expand the concept and confirm that ancient bit of wisdom. If you depend upon your sword for self-defense and aggression, you can reasonably expect that someday you will meet another swordsman...
With the stock market edging up with nary a decent pullback in yonks, I thought it timely to investigate the Volatility Index (VIX). Let’s commence proceedings by looking at the daily chart.
Gold prices fell sharply on Monday after posting their sixth straight weekly gain. The price of the yellow metal came under some initial selling pressure during the Asian and European session, but on the opening of Comex when some trader dumped an estimated $1.7...
A few weeks ago, forecasters were almost ready to hand the World Cup trophy to Brazil. The future is difficult to predict, and thus, Germans are celebrating today. In recent weeks, it has been easy to find bullish comments related to gold based on inflation worries...
July 14, 2014
What a difference six months can make. After a disappointing 2013, the commodities market came roaring back full throttle, outperforming the S&P 500 Index by more than 4 percentage points and 10-year Treasury bonds by more than 6.
Gold is often shunned by investors in favor of stocks. As Warren Buffett has noted, Gold doesn’t do anything “but look at you.” It doesn’t pay a dividend or produce cash flow. However, the fact of the matter is that Gold has dramatically outperformed the stock...
In previous reports on the AUDNZD, I have stated that the longer term technicals appear bullish. Hence I have been looking for an opportunity to enter into long positions on this recent pullback. There was an aborted attempt around a month ago but there now appears...
Argentina's Stock Market boasts the highest performance worldwide since 2001. Argentina’s Stock Index is called MERVAL…and it has increased by over 2,000% during the past 14 years.
Based on the weak condition of the daily indicators, the odds favor that the SPX will continue its decline. A break below last week’s low would warn of a much more substantial correction. Already some clear and valid projections are in place if this should happen...
July 13, 2014
Gold and gold stocks are starting to firm up within their basing patterns. Back on April 16, 2014 I wrote an article with my gold forecast. Today I've provided the weekly chart from that article and have added an arrow to show you where I feel the gold market is...
Whilst acknowledging that “this time it could be different” we have no choice but to call gold and silver lower on the basis of their latest extraordinary COT charts, which reveal that the normally wrong Large specs are already “betting the farm” on this rally.
Last week we wrote that a trend turn is coming to stocks. Stocks immediately declined sharply. However, we believe there is a much larger decline coming and that it could start soon. Didn’t it already start this past week? Maybe, maybe not. This past week’s decline...
July 12, 2014
It was a bit of a tough week for me. Monday showed some signs of weakness after the holiday week and I ignored, or discounted them, with recent strength in mind. Unfortunately, I was relatively heavy in leading stocks, which gaped down Tuesday and never recovered....
All-time high stock valuations – caused by Central banks covertly buying half the world’s equities. All-time low yields, caused by Central banks covertly (and overtly) monetizing every toxic bond imaginable. Housing bubbles galore, caused by Central banks printing...
If you never read a newspaper, listened to television/radio, or read any one of the numerous blogs that exist and were left with just charts to look at, the information contained in the them would put you head and shoulders above everyone else.
Complacency in financial markets is currently extremely high, and investors should have some gold in their core holdings to protect themselves said Axel Merk, president and chief investment officer of Merk Investments.
Long term – on major sell signal since Mar 2012. Short term – on buy signals. Gold sector cycle – up as of 6/20. COT data suggests a top is forming in metal prices.
July 11, 2014
Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks. It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that. Happening in the midst of the summer...
Chart Gold Head & Shoulders, Silver Launchpad, Dow Wedge of Danger, GDX Target Zone & GDXJ Beeline to $60 Charts Analysis via videos.
The US government spends more than it collects in revenues, so debt increases. The money supply increases similarly and consequently consumer prices increase. Wages increase more slowly than taxes and consumer prices. Throw in several stock market crashes, a...
Gold appears to have bottomed out and could be the in the process of making a comeback, albeit a timid one, which could gather momentum due to the world's increasingly unstable geopolitical environment.
The debate in precious metal markets today is whether or not the three-year bear market is over and a new uptrend is establishing itself. But assuming for a moment that the gold price has turned the corner, will the bullion banks be able to keep a lid on it? Given...
BIG PICTURE – The ongoing bull market is over 5 years old and both the Dow Jones Industrial Average and the S&P500 Index have climbed to record highs. Yet, the vast majority of retail investors are still not convinced and many are waiting for the elusive stock...
There are many irrefutable signs a US stock market crash is imminent. However, THREE of the most compelling are the following: Dow Index/US T-Bond Ratio and; the S&P500 PER/VIX Ratio, and London’s FTSE Stock Index. Each of these indicators heralded the market...
July 10, 2014
In my prior article from back in early-June, I noted that a short-term bottom was due, which had been projected for the June 2nd timeframe, plus or minus a day. The actual low for Gold was registered the very next trading day, doing so on June 3rd at the 1240.20...
Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political elite have begun implementing legislation that will permit them to freeze accounts and use your savings to prop up insolvent banks.
“Gold rose to a one-week high after several Federal Reserve policy members expressed concern that investors may be growing too complacent on the economic outlook, boosting demand for the metal as a haven. ‘Signs of increased risk-taking were viewed by some...
Those familiar with Jesse Livermore and the book Reminiscences of a Stock Operator know who Old Turkey is. He was Mr. Partridge, an old trader who dispensed great wisdom in few words. Those at the office nicknamed him Turkey because of the way in which he strutted...
I think today’s price action marks a very important confirmation point in the precious metals stock indexes, at least for the intermediate to longer term outlook. Finally, after a year of chopping around in small up and down moves, we are starting to get some...
