The Dow Jones in its Bear’s Eye View Chart below, is trending down to its BEV -10% line, closing the week at a BEV of -8.65. However, on Tuesday’s close the Dow Jones found itself with a BEV of -9.52%, only 0.49% from breaking below its BEV -10% line. The Dow Jones...
Gold Editorials & Commentary
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March 6, 2022
Last week's trading saw Gold forming its low in Monday's session, here doing so with the tag of the 1892.20 figure. From there, a gradual uptrend was seen into late-week, with the metal pushing all the way up to a Friday high of 1974.90 - also ending the week at or...
We're wrong to this point as regards the price of Gold fading after spiking on RUS' invasion of UKR. Which starkly tells us how serious this incursion is versus that from eight years back in 2014.
March 5, 2022
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Our proprietary cycle indicator is UP. To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term...
March 4, 2022
Gold has surged dramatically in recent weeks, accelerated by Russia’s barbaric invasion of Ukraine. That catapulted gold to a huge upside breakout from a gigantic bullish chart formation. Gold’s resulting strong upside momentum has propelled the gold miners’ stocks...
This month, the Fed is expected to hike interest rates. Contrary to popular belief, the tightening doesn't have to be adverse for gold. What does history show?
Rick Rule joins us to discuss the impact of the Russia invasion of Ukraine on commodity markets. We discuss Silver, Gold, Uranium, Oil, Natural Gas and the political consequences for the US Dollar.
As part of the sanctions against Russia, seven Russian banks have been cut off from SWIFT. We start by discussing what SWIFT is, and then the implications of completely cutting Russia out of SWIFT.
March 3, 2022
After the war-driven gold rally, oil is starting to outperform. History between these two has already shown that someone may suffer. Many suggest: gold miners.
The battle of Ukraine is still going on. Russian troops took control of Kherson, a city of about 300,000 in the south of Ukraine, but other main cities haven’t been captured yet. Ukrainian soldiers even managed to conduct some counter-offensive actions near the...
Federal Reserve will raise interest rates by 0.25% in its March 16 meeting. Now traders will not bother about surprises in Federal Reserve meeting. US ISM Non-Manufacturing (feb) at 8:30 pm Indian Time will impact bullion price.
March 2, 2022
There are indications that this is the one when the gold cartel loses control. What makes me think this, the action in silver and mining stocks. Energy is becoming concerning. Anytime oil goes up too far, too fast, you can usually expect a recession to start several...
As anyone who has watched the precious metals for any amount of time will tell you, price rallies on geopolitical concerns rarely hold. The same might be true today. However, do not make the mistake of thinking that the current rally in gold and silver is based...
March 1, 2022
Another awesome day begins, for the world’s gold community. For the fiat community, the day begins in a more disturbing way. It begins with more silly cheerleading for FATCA stormtroopers, more attempts to ignore massive pressures on inflation, and more reckless...
Sanctions, terminated contracts, and a plummeting currency – Russia is facing the financial crisis specter. Can gold also be affected? In the medium term, even painfully.
Russia underestimated Ukraine’s fierce defense. Instead of quick conquest, the war is still going on. The same applies to pulling the rope between gold bulls and bears.
Those that have read me for many years know my position regarding trading the news. I believe the news can be a catalyst for a move in the market, but the substance of the news is not determinative of market direction for such move. Yet, week after week, I am...
The global financial system is on the brink of being thrown into chaos. The United States and Europe moved to target Russian central bank reserves and sever the country’s banking system from the SWIFT global financial network.
February 28, 2022
Buy the rumor, sell the news. Gold remains bearish in the medium-term, as Russia may end up selling its gold to remain afloat and the USD is poised to benefit.
“Everyone knows they need a safe haven, but everyone also knows the traditional ones (government bonds) no longer offer that safe haven. That turns us to gold, the one asset that has a 3,000-year record of protecting purchasing power.” – Merryn Somerset Webb,...
The best performing precious metal for the week was palladium June 22 future, up 1.21% which surged on the first day of the Russian invasion. Gold moved to its highest since 2020 after Russian forces attacked targets across Ukraine, triggering the worst security...
First let’s recap where the HUI is now vs two years ago at the March 2020 crash low. In some respects a lot has happened and on the other hand not a lot has happened. A lot happened during that very strong impulse move out of the 2020 crash low as shown by all the...
The stock market has declined sharply between November and March in ten of the past fourteen years (71 percent of the years). This happened again from November 2021, into early 2022.
The world has changed significantly over, say, the past 4-5 decades. Many of the logical cause-effect relationships that one could rely on in the past to anticipate future trends and events no longer hold true as we have become accustomed they do.
February 27, 2022
Last week's action saw gold holding firm into early-week, with that action seeing the metal spiking all the way up to an Thursday overnight high of 1976.50 - coming on the heels of the Russia/Ukraine news. From there, however, a sharp decline was seen into the daily...
This week, the Dow Jones closed just a tad below where it closed last week / BEV -7.45% compared to BEV -7.39%. However on Wednesday, it almost closed in double-digits; BEV -9.97%. That, and all this (past) week looking at the pre-market trading, the Dow Jones was...
Recall prior to what now sadly is occurring, we were seeking (given Gold's "terrible technicals") a modest down run from January's closing Gold price of 1798 toward the 1754 area.
In this week’s Live from the Vault, Andrew Maguire digs deep into the current geopolitical escalation in Ukraine, thoroughly explaining the impact on the gold and silver market.
This week was arguably the most bizarre in all of my forty-five years covering capital markets and I do not write this lightly. It was so much so that I really do not know where to begin this week’s missive.