My Subscribers and I were prepared for Thursday’s and continuing assault on the Precious Metals – here is how we knew to expect a pullback: In the long run we anticipate that gold and silver will offer reliable protection in an environment where governments are...
Gold Editorials & Commentary
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February 3, 2015
As mentioned in my previous piece, the last hour of trading on Friday was ominous and leads me to believe we will see “gap” openings in all directions very soon. Since then, the markets have bounced back but unconfirmed on extremely low volume. Zerohedge had a neat...
Last week a scene unfolded in Athens, largely unnoticed by American eyes, that provided all the visual and metaphorical symbols needed to define the current state of the global economy. Hollywood's best screenwriters couldn't have laid it out any better.
I know I’m ahead of myself, as this article is being written Monday morning – to be uploaded to the blog Tuesday, and distributed in our Wednesday newsletter. However, there is simply too much to talk about – and frankly, I can’t wait to do so. And by the way,...
Gold is off to a great start this year. That’s the daily gold chart, and it looks superb. The strongly bullish technical action reflects the positive fundamentals of the gargantuan Chinese and Indian jewellery markets. Those two nations are the main price drivers...
Gold has experienced some remarkable and unexpected turn of events so far this year and year-to-date it is significantly higher in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), and up respectably in two others (U.S....
In 1913 the US national debt was less than $3 Billion, gold was real money, and a cup of coffee cost a nickel. By 2015 the US national debt had increased to over $18,000,000,000,000 ($18 Trillion), the gold standard was called a “barbarous relic,” most currencies...
There are two charts every precious metals investor needs to see. The U.S. Mint is celebrating its 30 year anniversary producing Gold and Silver Eagles and if we look at the sales data of these two Official precious metal legal tender coins going back to 1986,...
As you are doubtless aware we are living in a new paradigm – the age of global QE has arrived. Amongst the major power blocs it started with the US, spread to Japan, which adopted it with a particular gusto, after suffering from deflation for decades, and just has...
February 2, 2015
Gold-price volatility so far this year has been a reflection of short-term speculative activity by a relatively small group of hedge-funds and other institutional traders taking relatively large positions in “paper”
The Chinese Year of the Ram will kick off at the end of this month, but for now it looks as if 2015 will be the Year of the Central Banks. I spend a lot of time talking about gold, oil and emerging markets, and it’s important to recognize what drives these asset...
Gold was down in the overnight session, hitting a low of 1272.50, at the time that this post started being written. We are likely just correcting the rally from 1252.60 to 1285.30. We expected gold to recover to the $1275 area today, and it has!
This past week was filled with geopolitics 24/7 until Friday, when they finally spilled all over the markets. The market action was extremely ominous in my opinion and especially the last hour into the close. Very shortly I believe we will be faced with huge market...
I’ve had this title queued up for some time; but after yesterday’s egregious “trading,” it finally “ripened” enough for publication. To wit, if ever a day screamed “last ditch effort,” it was yesterday. Frankly, I believe the Cartel aimed to orchestrate a far bigger...
In the January issue of BIG GOLD, I interviewed 17 analysts, economists, and authors on what they expect for gold in 2015. Some of those included what we affectionately call our Casey Brain Trust—Doug Casey, Olivier Garret, Bud Conrad, David Galland, Marin Katusa,...
During the summer of 2011, when gold was rising parabolically, you could find no one who would dare even consider a top for gold that was below $2000. At the time, the market pundits were quite certain that $2,000 would be well eclipsed by the fall of that year....
In January, gold surged 8 per cent in dollar terms, 11 per cent in UK pound terms and a very large 16 per cent in euro terms. January’s 8.4% gain for gold in dollar terms was the best month in terms of price gains in three years.
It's all about confidence, right? Right. In 2011, when the commodity and ‘inflation’ trades blew out, the Federal Reserve was completely discredited, with gold bugs out front poking them in the eye with taunts of “Helicopter Ben”. Markets rebelled against the Fed...
It’s the start of a new year. The question on everyone’s mind is whither the prices of gold and silver? This Brief presents our answer (and the full Monetary Metals Outlook 2015 report gives our reasoning).
I recently finished Tony Robbins’ latest book, “Money, Master the Game,” and I highly recommend it. Many of his suggestions in the book are really simple ideas that everyone knows about, but few execute well. Robbins shines as a personal coach and motivator; he has...
The media sensation surrounding various storms of the century has been astounding. Meteorological prediction is complex science to say the least. The fact that 24 hour forecasts have become almost 87% accurate over the years is a testament to modern science – and,...
February 1, 2015
Americans are in big trouble and they don’t even know it. The financial system in which they are totally invested, is heading towards an epic collapse. Printing money and increasing debt (exponentially) are not sustainable business practices. These artificial...
The Shanghai Gold Exchange has reported gold withdrawals for the week ending January 23rd at 70.62 tonnes – a figure on its own comfortably in excess of global newly mined gold over the same period. China watcher, Koos Jansen, describes the volume withdrawn as ‘...
As markets go, they always change and they changed again this past week. Two weeks ago, stocks began to finally act properly and gave us a great week, but then this past week they reverted back to a market of false breakouts and chop.
Now that 2014 has closed, we want to present our view of where markets are headed in 2015 in a series of articles. The year 2015 will be historic, with unusual events and high market volatility. This weekend, Part 4, covers Oil.
As ‘Black Gold’ is the term frequently referring to Crude Oil, while ‘Red Gold’ is occasionally used to refer to Copper. Copper has been in use at least 10,000 years, but more than 95% of all copper ever mined and smelted has been extracted since 1900.
Each year The London Bullion Market Association (LBMA) organises a competition whereby it invites a number of professional analysts, mostly from banks and other financial institutions, to predict precious metals prices for the year ahead. This year it received...
There is only one reason to make an investment: expectations that one will come out of it with more money than one came in. So have gold and silver rewarded investors since 1969, the year when gold first appeared on investors’ radar after being fixed for decades at...
January 31, 2015
Over the longer term, the price of gold and gold equities and stock market prices always move in opposite directions. This is most apparent in their price movements within the Long Wave seasons. I’ll explain it for you one more time. I think that it is so important...
I turned formally bearish near the end of 2013 for the first time since the 2006-08 period. I was early then too. I was also early in 1999. The bearish signals aren’t perfect. The decline in oil prices could still be taken in a bullish light. I agree with the...