The silly and somewhat insane uber Keynesian “Trillion Dollar Platinum Coin” appears to be now firmly off the table. The US Congress has once again ruled out the possibility of issuing a “trillion dollar platinum coin” floated as a possible solution to the looming...
Gold Editorials & Commentary
October 21, 2015
October 20, 2015
There are two ways to run a gold mining company. One respects the simple fact that it is producing money. It is not eager to trade…it’s the money it produces for government paper, legal tender laws be damned. It keeps its books in gold, and produces and trades to...
What has always fascinated me is how people react counter-intuitively when it comes to financial markets. In our everyday lives, we are so focused on finding the best prices for anything we want to purchase. We expend a significant amount of effort into finding the...
Feels like 2011 all over again. The Dow Index is tracing a pattern that bears an uncanny resemblance to the one set in 2011. History could be repeated again; the Dow could be ready to rumble instead of being taken down for the count.
As you can see on the attached daily Gold Chart, we have reluctantly decided to label the 1191.50 high as the end of wave ^iii^, and the current corrective setback being wave ^iv^. In the overnight session gold reached a low of 1167.30. What is clear to us that the...
Canada has a new Prime Minister. His name is Justin Trudeau. “Trudeau has pledged to run small budget deficits and spend on infrastructure to stimulate economic growth, which has been anemic for years. He has also promised to raise taxes on high-income Canadians and...
The stock market crashes were – alongside the devaluation of yuan – the most important recent developments in China. The stock market started rising during the summer of 2014, when the property market started to burst. The timing is no coincidence, as the government...
Gold is looking likely to finish the year positive for the first time since 2012, according to Frank Holmes writing in Forbes today. Holmes points to the weaker US dollar, the probability of near-zero interest rates for the remainder of the year and a seasonal...
October 19, 2015
One of the greatest con jobs in history was convincing ordinary people that Central Bankers care about the “economy” or Main Street. Aside from the complete lack of relevance that Main Street has for Central Bankers from a professional perspective (more on this in a...
After its stellar performance last week, gold might do something it hasn’t done since 2012—that is, end the year in positive territory. Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near...
The price of gold has been range-bound from the low $1200s to the upper $1000s per ounce since early February of 2015. There is one simple reason for the low volatility and lack of significant price movement for the most precious metal over the past eight months:...
Gold and silver markets enter this week on improved technical footing. The precious metals each rallied above resistance levels last week as disappointing economic data stimulated safe-haven buying.
The following 15 investment gurus are eminently among the wealthiest men worldwide. And although their vast wealth was not built primarily from gold investing, nonetheless all use gold as the perfect store of value with a view to preserve purchasing power vis-à-vis...
During the 1996-2000 bear market in gold, two mechanisms were used to force the price lower - the gold ‘carry trade’ using gold leased from central banks and, when the price showed strength, actual sales of gold by Great Britain and Switzerland. As the market...
I’m glad I’m a bible believing Christian waiting for Jesus because if I wasn’t, after watching the Democrat and Republican presidential debates, I’d really be depressed by our current situation. And what situation is that?
As members of the world’s gold industry meet this week at the LBMA’s annual conference in Vienna, their proposals are being sought on how to bring the gold trading in London up to date. According to Eddie Van Der Valt reporting today for Bloomberg, London’s bullion...
The dollar dropped about half a milligram gold, and 50mg silver. But who wants to read about the universal currency falling, failing? Few people are so barbarous as to think of the dollar’s value as being priced in terms a monetary metal. As all right thinking folks...
Gold is starting to be taken more seriously by global investors and traders for the first time this year. Some talk of a ‘sea change’ in attitudes towards the precious metal this autumn.
October 18, 2015
Gold’s cheerleaders are at it again, jumping up and down with excitement as they proclaim the birth of a new bull market, and herding their flocks into the sector, when they have barely recovered from the last fleecing.
SPX showed that it had enough remaining strength to shoot for its “extreme” count of 2040. That level is fast approaching and could be reached as early as Monday. What the index does after meeting this target will show its true colors. Is it capable of pushing...
In rising 1.9% for the week, the price of Gold has now gained as much as $119/oz. (to 1191) since the year's low (1072) in July, a move of +11.1%. There are Gold equities which have increased multiple times that percentage from their respective lows year-to-date,...
Markets rested and worked off the extreme overbought conditions they were experiencing last weekend. However, on Thursday they began to breakout…and then rested a bit on Friday. Obviously, seasonality is working well so far and markets and stocks are in our favour...
October 17, 2015
Gold sector is on major sell signal. Cycle is up. A tradable bounce is in progress but upside should be limited.Silver is on a long-term sell signal and investors should be in cash or short. Short term is on buy signal and traders can play for a corrective bounce....
Long-term – on major sell signal since Mar 2012 when $HUI was at 550. Short-term – on buy signals. Gold sector cycle – up as of 9/11. Traders can play for short term bounces but upside should be limited from here.
October 16, 2015
The precious metals sector, after failing to breakdown has enjoyed a strong rally in recent weeks. Gold, Silver and junior gold miners (GDXJ) have reached their 200-day moving averages with senior miners (GDX) close behind. While this is a positive development it...
One has had to search quite hard to find a point of neutrality in the metals market over the years. If one had performed a search in the past, they either encountered gold bugs, which are super bulls, or gold haters, who believe that gold will never be a good...
Market Analysis via videos.
Despite gold blasting higher this month, this metal remains deeply out of favor among investors. They have shunned it for years thanks to extreme central-bank money printing levitating stock markets. This slayed demand for alternative investments, led by gold....
We had the great pleasure of interviewing John Butler of Amphora Capital yesterday and announced that John is now working as a consultant with GoldCore and helping us advise HNW clients and institutions on strategies with regard to allocating to gold.
The title does not include a (?) after it -- and that is for a reason. The gold sector’s fundamentals, both sector-specific and macro, are improving and this was not the case during the last exciting upturn in the sector circa summer 2014.
