As noted on July 15 (http://www.gold-eagle.com/article/tapering-bets-could-backfire-stock-bears ), our guess is the tapering dialogue at the Fed is more about escalating fears of another round of asset bubbles rather than confidence in the economy or fears about...
Gold Editorials & Commentary
July 23, 2013
Gold has staged a strong rally, and the recent action has created more positive signals, from a technical perspective.
Finally, gold prices smashed through the key resistance level of $1300 an ounce on Monday a few days after Federal Reserve Chairman Ben Bernanke assured investors that the central bank will not be pulling back on its quantitative easing too soon and only if t
Despite a lacklustre summer for precious metals and mining equities, both groups moved up very strongly this week.
Gold surged over 3% yesterday due to what appears to be have been significant short covering due to concerns about gold backwardation and the continual haemorrhaging of gold inventories from the COMEX.
The PRICE OF GOLD eased back to $1330 per ounce Tuesday morning in London, dropping 0.7% from yesterday's 5-week highs as commodities slipped with major government bond prices.
Yesterday was an impulsive looking move and something of a statement in itself. But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement.
July 22, 2013
We have covered the rapidly declining COMEX gold inventories in previous articles, and the story seems to be getting old, but COMEX gold continues to drop with registered gold inventories hit their lowest levels ever. Additionally, total COMEX gold has now dropped...
The Fed’s tea leaves still infer the base case is some form of tapering to their bond buying campaign in September.
My chart this week shows simply nothing! There is no way to determine what prices are going to do next until gold breaks through $1450 or falls below $1200. Gold Bugs are waiting for the next drop in price to get rid of their dough! The other 98%
According to CNBC, the recent volatility in gold prices has left not only investors and traders puzzled about what is going on with the precious metal.
The prevailing mantra on Wall Street is that gold’s bull market is now over and it’s time to bury precious metals as an investment theme for the indefinite future.
I think the title script, like the subject matter, reveals more than first meets the eye. While almost everyone is trying to convince their readers that they have tremendous foresight, in reality most are just followers trying to hop on the latest bandwagon. They...
July 21, 2013
In 1980, in an infamous episode of “American Justice”; the Hunt Brothers were charged (and convicted) with attempting to “corner the silver market” – i.e. an attempt to monopolize it.
Does the Fed chairman really not understand what drives savers to gold...?
BEN BERNANKE, today's most powerful banker, said this week that nobody really understands gold prices, including himself. Victorian Europe's richest man, and bullion broker to the Bank of...
Whoever you are thank you for building this magnificent stairway to the stars! Higher highs and higher lows is everything we could hope for. However, what are all those numbers at the top and the bottom of this chart?
The US national debt is approaching seventeen trillion dollars. That’s an awful lot of money to have to pay back. Decades ago, it was widely acknowledged that while America’s debt was huge, it was manageable as US Treasury debt was an economic asset in high demand...
July 20, 2013
“The Federal Reserve’s proposed timetable for tapering its $85 billion-a-month bond-buying program is not set in stone, Chairman Ben Bernanke said on Wednesday in fairly dovish prepared remarks to a Congressional panel.
It’s not a surprise, or even unusual, to see public investors with a quite different take on the market than so-called ‘smart money’. That divide has been quite obvious again in the current bull/bear market cycle.
As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend their importance. Everyone agrees they are resoundingly better than any fiat currency, as history has amply proven. However, few consider the why PMs are so anathema for all ...
We had a pretty tame week for the most part until Thursday when things began to move. Last week I mentioned that markets needed a few days rest while the caught their breath along with many stocks.
July 19, 2013
From the minutes of the Federal Reserve meeting April 30th - May 1st 2013…
Many recent published commentaries appear to have lost perspective on the now much-hated Gold stock sector. The fact of the matter is that, technically, the secular bull market in Gold stocks has not even been confirmed.
Contrarian thinking is easy but successful contrarian investing is difficult. Most amateur contrarians neglect that the crowd is right most of the time. It’s only at market turning points where the crowd is wrong and contrarians are right.
ECONOMIC SCHIZOPHRENIA -- You do not have to be a medical doctor to diagnose a certain level of schizophrenia in the market. Detroit files for bankruptcy with other cities lined up in the same queue and yet the stock market reaches record levels.
During a time in which mining companies are truly hated by investors globally, the outspoken market commentator and CEO of Euro Pacific Capital, Peter Schiff, indicates that this is the best time to be launching a mutual fund with exposure to the sector.
Recently, there was a huge distribution day on this US dollar proxy chart. Technically, heavy volume is most ominous, when it comes at the end of a rally.
Futures speculators have responded to this year’s extreme bearishness plaguing gold by amassing wildly-outlying record short positions in it. These huge and highly-leveraged bets can only be unwound by buying gold futures to cover the shorts. As gold continues...
July 18, 2013
On the global market scene, Russia has been one of the major laggards this year. The Market Vectors Russia ETF (RSX), a reflection of the country’s stock market, fell 22% from its high earlier this year. RSX was testing a three-year low not more than a month ago...
Regular readers have heard this warning on many prior occasions. We are facing an economic menace unparalleled in all of history: the Rise of the Oligopoly.
