Let us start with the facts. As per the chart below, it appears that Russia has accumulated more than 26 million ounces of physical gold in less than 10 years. In that same time period, there have been only 3 months in which the Russian gold reserves have declined,...
Gold Editorials & Commentary
February 19, 2015
The Chinese New Year, which kicks off today, is the largest and most widespread cultural event in mainland China, bringing with it massive consumer spending and gift-giving. During this week alone, an estimated 3.6 billion people in the China region travel by road,...
Having failed in its attempt earlier this month to move above $1,300 an ounce, gold is once again looking for sustainable support under the technically and psychologically important $1,200 level.
Gold made gains yesterday as buyers viewed the recent price falls as excessive and a buying opportunity. The U.S. Fed minutes released yesterday showed that Fed officials were cautious about raising interest rates too soon, hurting the dollar.
There are many financial and geopolitical events all coming together, culminating or beginning within the next couple of weeks. The two most notable are what will happen in Greece and Ukraine. There have also been many other clues pointing to some sort of event...
Today marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift. Let it rain; let it pour. For a full generation, the Western central bankers have relied upon debt to solve debt saturation problems as...
The US Dollar, on a slippery slope for years, has reversed and broken out against every major currency and developing economy currency. A global wide quantitative easing (QE) is happening. Almost every central bank (Sweden's Riksbank became the 14th central bank to...
Last weekend, in a segment titled Gold Obsession & Ephemeral States of Mind NFTRH 330 talked about a growing presence that seems to follow Martin Armstrong’s anti ‘gold promoters’ theme. This theme seems to be – coming as it does in a gold bear market –...
On February 18, 1943, German Propaganda Minister Joseph Goebbels delivered a rousing speech at the Berlin Sportpalast, asking the German people, "Sind Sie bereit für totalen Krieg?" or "Are you ready for total War?" Germany had planned for Blitzkrieg and a short war...
The 2008 Crisis was not THE Crisis. The 2008 Crisis was largely a banking crisis focused on securities. The REAL Crisis will hit when the bond bubble collapses.
February 18, 2015
In late November I wrote an article suggesting that it could be in Russia’s interest to put the rouble on a gold exchange standard. The salient points were the Russians could easily make it stick, inflation would be tamed, and importantly Russia would divorce...
As we approach the fourth year of an extended correction in gold, we must re-analyze where it is we’ve been and where we are likely to go. Frankly, we must ask the question is the Gold Bull Market over? By taking the emotions out of it and getting our politics,...
February 17, 2015
Gold hit the minimum target of 1216.60 that we set in yesterday’s subscriber update at almost the exact high of $1236.40
Sorry to start today’s article with an intense blast of “manipulation proof”; but in a world of where reality has – temporarily - been so thoroughly usurped by lies and fraud, someone has to discuss reality. Not that I’m the only one, of course; as aside from the...
Our objective is to answer this question: are we currently seeing a pullback in a new bull cycle (bull pullback) or just a short rally in an ongoing bear cycle (bear rally)? After a bull pullback we would expect to see price rising off support to start a new upleg....
The market for gold coins and bars in Europe is now twice as large as that of the United States, and similarly on par with those of China and India. In addition, the India Trade Ministry is said to be seeking to cut the gold import tax from 10 percent to 2 percent...
For the last three weeks, since we struck the most recent highs in the metals, I have been searching for a pattern which provides us greater confidence that we are finally on our way to lower lows. Unfortunately, such a pattern would likely be a leading diagonal,...
Very strange happenings in all things financial, perhaps the most strange is located within the COMEX. First, for the last year and a half or more, we watched as gold and silver open interest steadily rises for several months and then suddenly falls in collapse...
The indices are mixed. SPX managed to make a new high by a small margin, but DJIA has not. Also some of the leading indexes such as XLF and XBD are beginning to show relative weakness. If this continues and worsens, it will be unlikely that SPX is on its way to...
Today we make a short break from the news from the main financial markets in order to analyze the gold demand trends for the full 2014 year, published a few days ago by the World Gold Council. How did the demand for gold behave last year?
When I recently told my subscribers to go into light “sell mode” for gold at $1305, I wasn’t calling a top. After staging an enormous rally of about $130 an ounce, gold had simply arrived at sell-side HSR (horizontal support and resistance).
One of the simple ways of classifying a chart as being bullish or bearish is to look at price action relative to the 200 day moving average (DMA). If price is below the 200 DMA the chart is bearish. When price is above the 200 DMA the chart is bullish.
The global gold markets were subdued on Monday as volumes were low mainly on account of the short trading day in the U.S. markets due to Presidents Day. Gold fell last week, but managed to bounce off their weekly lows. After slipping briefly below $1220 an ounce on...
February 16, 2015
For the next little while, I am watching three events—I’ll call them developments—very closely. These developments could impact gold prices and cause sharp movements to the upside in a very short time. What are these developments? Talks of Greece’s potential exit...
During a normal week, easily two or three topics come up which are obvious enough to deserve writing about. Often times, there are too many topics to choose from and several topics need to be written about in one article. Nearly never has a week gone by over the...
Call us Gold Bugs if you wish - it's OK - really. We have a firm belief that the precious metals, Gold and Silver, are the only real money on planet Earth. We also believe the metals are in a secular bull market that has several more years to run. Yes, holding these...
Florian Grummes from Munich has been studying and trading the gold market since 2003. In 2008 he started publishing a bi-weekly extensive gold analysis containing technical chart-analysis as well as fundamental and sentiment analysis. Since 2011 the pro aurum group...
The pullback in Gold continues and price has dropped below the 50 day exponential moving average (EMA). Volume continues to decline which supports our premise that this is a pullback and not the start of a new downtrend. Remember that in an uptrend we want to see...
February 15, 2015
Over the last three years, many have presented quite strong fundamental arguments that various factors would certainly cause the metals to immediately skyrocket to new heights. They have pointed to increasing demand for metals in countries such as Russia, China and...
The huge difference between what the WGC/GFMS describes as Chinese gold demand and SGE figures, is all a question of statistics and how they are interpreted and what is actually classified as ‘consumption’ or ‘demand’
