Gold took a pounding in the past weeks as even safe havens sold off in a market with record high volatility across most asset classes. Treasuries sold off sharply from their peak, and the full metals complex from gold, silver, palladium, and platinum fell hard.
Gold Editorials & Commentary
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March 21, 2020
I was finally able to spend some time today talking with precious metals dealer, Tom Cloud this morning. Tom Cloud, like all precious metals dealers, has been busier this past week than in the last 30-40 years. The response I’ve seen by many of these dealers, they...
Current market condition has wreaked havoc in all sectors, stocks, ETFs, currencies, and bonds. Gold sector was enjoying a nice uptrend since bottoming in 2016, and that too, was derailed, as liquidity became tight.
March 20, 2020
Doubting Thomases must surely realise by now that the central banks are in danger of losing control over financial market prices, not just for a short period of time, but more drastically than that. Besides a new round of quantitative easing announced last Sunday...
Exactly one month ago, on February 20th, the SP500 made an all-time high and reversed its trend to the downside. What a wild ride the last month has been across virtually all asset classes.
Economic data shows that the coronavirus crisis will be severe. To soften the blow, Trump announced his support plans for the economy. Will the stimulus package help? And when will gold finally rise?
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The mid-tier gold miners’ stocks have been annihilated with COVID-19 fears infecting traders’ sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-...
Yesterday, we told our subscribers that probably all markets (or most thereof) are about to correct. And it seems that’s exactly what is happening. Crude oil is moving higher. The USD Index declined from 103.82 to about 102.72 (at the moment of writing these words...
The gold futures gained 0.09% on Thursday, as it fluctated following Wednesday’s decline of over three percent. Yellow metal fell the lowest since late November of 2019 on Monday, before bouncing off from new medium-term low of $1,450.90. Then the market bounced off...
March 19, 2020
Peak Oil? That was an obvious and widespread promotion while it was in play and did not fool anyone who bothered to step aside from the herd that ran with it. Peak Terror in broad stock markets? Well, that I don’t discount so readily because this is a system that...
The global stock markets are crashing, but there is still a lot of room to move down. Corona is being used as an excuse to push through many measures, the result of which will be the destruction of paper money. The seemingly exaggerated measures have a nasty...
Recently, I was asked to participate in a live radio talk with Arnold Gay and Yasmin Wonkers at Money 89.3 Asia First and was sent the following questions to prepare for the show. I thought this would be a great way to share my thoughts and expectations related to...
On March 18th when markets plunged, Jeff Cox, CNBC financial editor, noted: Investors are being forced to sell assets, creating cascading moves lower in financial markets. The turmoil is particularly acute in the bond market, where yields are surging and spreads are...
March 18, 2020
Rather than focusing on individual companies, money manager Adrian Day turns his attention to the overall markets, noting "recent events are unusual, and demand some commentary."
We may very well be headed for a recession—some economists believe it’s already here—but we’re most definitely in a bear market, normally defined as occurring when stocks are off more than 20 percent from their peak.
The gold futures gained 2.64% on Tuesday, as it retraced some of the recent sell-off after bouncing off $1,450-1,500 price level. Yellow metal fell the lowest since late November of 2019 on Monday, before bouncing off new medium-term low of $1,450.90. Earlier last...
As I begin the weekly missive here on Thursday, the U.S. equity markets are experiencing the worst daily assault since that fateful day back in 1987, when the Dow lost 23% in a single trading session, sending thousands of Gucci-clad stockbrokers to the Sears re-fit...
The last few days have been like nothing most of us have ever experienced – or are likely to experience again in our lifetimes. Panic has spread from the streets of Wuhan to the grocery stores of America’s heartland, from nursing homes to the Federal Reserve Board,...
March 17, 2020
In this section of this multi-part research article related to the potential economic destruction of the Covid-19 virus event across the global markets.
The urge to jump into gold and miners may be overwhelming for some investors. I suggest caution as the first wave of bottom pickers usually regret their decision. I've been doing this for a while, and I've seen massive swings in precious metals. Through experience,...
There will be many people who look at gold and silver prices and assume lots of gold bugs are selling. They couldn’t be more wrong. The disconnect between paper prices for precious metals and demand in the bullion markets has never been clearer. Nervous investors...
The Corona war intensifies, and now the enemy has an air force!Health organizations like WHO are declaring the enemy virus airborne. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the...
We got hate mail after publishing Silver Backwardation Returns, Gold And Silver Market . It seems that someone thought backwardation means silver is a backward idea, or a bad bet. “You are a *&%#! idiot,” cursed he. “Silver is the most underpriced asset on the...
The gold futureslost 1.99% on Monday, as it slightly extended its Friday’s sell-off. Yellow metal fell the lowest since late November of 2019 yesterday, before bouncing off a daily low of $1,450.90. Earlier last week the market bounced off new medium-term high of $1...
Continuing our earlier multi-part research post related to our extensive number crunching and predictive modeling systems expectations going forward many years, (Part I) this second part will highlight some existing data points and start to discuss the concepts of...
It is my privilege now to welcome back our good friend David Morgan of The Morgan Report. David, it's always great to have you on and appreciate the time as always. How are you sir?
If anyone has the right to say “I told you so,” it’s Bill Gates. Two years ago, the co-founder, former CEO and now former board member of Microsoft urged governments to step up their preparedness in the event of a modern global pandemic. Such an event, Gates warned...
March 16, 2020
What a difference from a month ago, right? Miners moved overall higher – with volatile moves both ways, only to… truly plunge in March. Miners often lead gold higher and lower, so this decline doesn’t bode too well for the price of the yellow metal.
I got pelted with garbage after the last (bearish) update was posted on the 1st because right after, gold zoomed back up following a $75.80 plunge, as we can see on its latest 3-month chart below, and this “swansong rally” even made it to a marginal new high, but it...