As I pen this article, gold and gold stocks may be starting to form a low. Over the past four trading days, GDX and GDXJ have dug in and formed bullish reversal candles, while gold has traded lower and tested its 38% retracement at $1690.
Gold Editorials & Commentary
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March 6, 2021
March 5, 2021
In September 2001, gold spiked to fresh highs after the 911 terrorist attack. Just a few months later, prices dropped back to pre-911 levels. What happened - why did gold drop when the world had changed forever? Good question. It did not make sense then, and the...
Folks, it seems that gold has formed an interim bottom, and a short-term corrective upswing is now likely, before the medium-term downtrend resumes. Any further declines from this point are not likely to be significant for the short-term. The same applies to silver...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Gold has suffered unrelenting selling in the last couple months, hammering it and its miners’ stocks much lower. Those outsized anomalous losses have left sentiment in tatters, with overpowering bearishness universal. Gold’s thrashing had nothing to do with...
Without a doubt, everyone is wondering (and should be): where is the bottom in gold and what’s going to happen to the yellow metal after it came close to touching $1700 last week?
Fed Chair Jerome Powell just spooked the markets by predicting that inflation will jump when the economy reopens – but don’t worry, it’s just temporary. Here’s the real-time CNBC account:
March 4, 2021
Monetarists have long held that there is a relationship between changes in the quantity of circulating currency and the general level of prices. It is not the only factor governing the relation, but it has been generally established to be true.
Gold remains in a bearish trend as economic confidence has improved, however, inflation can change all that around. The chart presenting gold prices in 2021 doesn’t look too encouraging. The yellow metal continued its bearish trend at the turn of February and March...
One of our readers' favorite tools is the Adaptive Dynamic Learning (ADL) predictive modeling system. This tool maps out technical and price patterns into an array of similar setups using historical data, then applies that data to current and future price bars....
Well, right on cue, it looks like the endless creation of fake money by the Fed has now poisoned both the stock market and the bond market. The Dow was down 1,000 (3%) points in two days and the Nasdaq down 7% in two weeks.
Markets are seeing sideways action today on Wednesday, and we'll be visiting gold and S and P 500 broad equities action with Chris for Mulan chief market [email protected]. Chris and I will be talking technical trading and analysis, and we'll be...
March 3, 2021
People…relax. It's a correction. If you're a serious gold investor, then I sympathize. If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises. After all, what's changed since gold reached a new all-time nominal high...
Can the precious metals move lower before a short-term correction, and after correcting, will they continue their medium-term downtrend? Gold & silver reversed yesterday (Mar. 2) and the GDX rallied after bottoming right in my previous target area, but it’s...
The price of gold early Friday morning this past week touched $1720. At that level it was down $350 per ounce from its high point of $2070 last August.
As I look back upon the week and month that ended February 2021, I am reminded that this is the anniversary of the week that I tweeted out: "I say we are less than two weeks (and maybe hours) from the arrival of a Bear Market in global stocks..." What followed was a...
As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be “reset” next? Supporters of the World Economic Forum’s all-encompassing Great Reset agenda are eyeing...
Gold and silver continue to struggle with significant selling pressure. Last Friday, gold dropped some $40 as bond yields rose yet again. There continues to be this expectation that rising inflation and economic growth are going to force the Fed’s hand and cause it...
March 2, 2021
The economy seems to be recovering, while bond yields are increasing again, sending gold prices down. Not good. Gold bulls can be truly upset. The yellow metal continued its bearish trend last week. As the chart below shows, the price of gold has declined from $1,...
The disappointing price action in gold (against the dollar) is mainly related to the perceived rise in real interest rates.
The best performing precious metal for the week was palladium, but still down 2.51%. Palladium was buoyed by the partially suspended operations at Russia’s Nornickel mine due to flooding. AngloGold Ashanti boosted its dividend more than fivefold to 48 cents, up...
At first glance, the March squeeze on silver has failed, or so we might be told in the knee-jerk reflex school of comment. The price of both gold and silver reached new recent lows right at noon on Friday, to leave many of the recently hopeful short term traders no...
March 1, 2021
surging over 31%. The yield on the 10-year Treasury touched 1.6% last Thursday, up from 0.9% just a couple of months ago. That's more than a two standard deviation move, suggesting the bond selloff may be overdone. Remember, bond yields rise as prices fall.
The Gold to Housing ratio is a quite useful measure for comparing the relative values of single family homes and gold, and it also has an interesting historical track record for identifying turning points in long-term gold price trends. After the pandemic-related...
After gold came down hard last week, it might be in a for a short pause and corrective upswing. What will the yellow metal’s next chapter bring for the miners? How high can they go if gold rallies from here?
One week before the recent bond market meltdown, Financial Times columnist John Dizard warned his readers to beware the Ides of March – that “some sort of panic in the US Treasury and mortgage-backed securities market” might develop.
The question you’ll need to answer for yourself is “what alternatives are there for big investments right now?” The stock market, residential real estate market and bond markets have been inflated into bubbles of historic proportions. The Fed has created a financial...
The current correction is affecting both indexes equally. For this reason, and because the P&F count suggests that we should move higher before reaching an intermediate top, the odds favor this retracement to be only a short-term consolidation which is nearly...
February 28, 2021
Last week's trading saw gold forming its high in early-week trading, here doing so with Tuesday's tag of the 1815.20 figure. From there, a sharp decline was seen into late-week, with the metal dropping all the way down to a Friday low of 1714.90 - before bouncing...
I’m using my Bear’s Eye View chart (BEV - Two Charts Down) spanning from January 1982 to the close of this week to provide a full picture of the Dow Jones’ thirty-nine year advance. What makes this BEV chart so important? Because it was in the early 1980s when...