In this, the second part of our Market Volatility research article, we’ll take a look at how Precious Metals, the US Dollar, and the US major markets have moved into a sideways price trend which supports a pending future volatility event. The big “mini flash-crash...
Gold Editorials & Commentary
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August 11, 2021
August 10, 2021
What’s supersized tastes the best, and that’s why the drop in gold miners was the juiciest thing of recent days. Apart from my last 2forU, of course.
The dip in the gold price over the past few days doesn’t change anything on this long-term chart. The bottom line is this: Like money, gold is clearly superior to fiat.
On Sunday evening 8 August at 6:00pm New York time, as the trading of gold futures contracts commenced for the week and the COMEX GCZ1 December 100 oz gold futures contract opened at $1765 per ounce, there was nothing in the market or in wider macro news to suggest...
Where should a smart investor park their savings in this current market, where stocks are expensive and continued low interest rates make income-yielding investments a joke?
The US economy added almost 1 million jobs in July, building solid ground for tapering. Meanwhile, the PMs’ sandy foundations crumbled spectacularly.
How will financial news organizations and gold and silver market analysts explain tonight's smashing of monetary metals prices in the futures market?
Overnight, on Sunday and early Monday, Precious Metals and Oil started a fairly big collapse which quickly bottomed and recovered – at least in the Precious Metals markets. Crude Oil is still moving lower in early trading on Monday, August 9, 2021. Can we learn...
August 9, 2021
The best performing precious metal for the week was palladium, but still off 1.28%, as precious metals took a hit across the board. Sudan’s official gold output nearly doubled in the first half of 2021 as authorities reined in smuggling, a Sudanese Mineral Resources...
The precious metals futures markets launched shortly after Richard Nixon closed the gold window and removed the last vestige of gold backing from the Federal Reserve Note. Officials introduced paper gold and silver contracts specifically to increase price volatility...
In the liquidity void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold prices plunging to as low as $1,677.0 or almost $100 lower from the Friday close of...
What a week! Gold has dropped almost $60 since Friday, and silver came along reaching new yearly lows! Are you prepared for a wild ride downwards?
Below we unpack the implications behind central bank gold purchases (rising), negative real yields (falling) and Stanley Fischer’s Fed-speak (cringing).
The DJIA is obviously losing intermediate momentum, but it can regain it if it can work its way back into a short-term uptrend right away-- which does not seem likely with the short-term cycle ready to keel over. A correction in NDX would also help SPX turn down...
…That is the question which Wall Street has to answer. Whether in the new week, next month or only by 2022 is not important; the direction the stock market will take is important for various reasons.
August 8, 2021
Last week's trading saw gold rallying into Wednesday's session, with the metal running up to a high of 1835.90. From there, however, a sharp decline was seen into late-week, here dropping all the way down to a Friday low of 1759.50 - also ending both the day and...
The graphic shown above is a massive granite wall that is part of the Canadian shield, a large area of exposed Precambrian igneous and high-grade metamorphic rocks that forms the ancient core of the North American continent (also known as the North American craton...
This week closed with the Dow Jones sitting on a new BEV Zero (new all-time high of 35,208), #37 since last November. I have nothing to say except Go Bulls Go! What else is there to say? Yes, the market’s valuations are being inflated by the FOMC, but who really...
Adoring Wednesday's ADP report of suddenly slower growth for July's jobs, Gold's price in turn zoomed up from Tuesday's 1810 low to 1835. Abhorring Friday's Bureau of Labor Statistics report of fervently faster growth for July's jobs, Gold's price in turn careened...
August 7, 2021
Our proprietary cycle indicator is DOWN but bottoming. Gold sector is on long term SELL signal. A potential cup with handle is now in progress. A strong dollar is not friendly to the metals.
August 6, 2021
The US stock markets continue to power ever higher to an endless series of new records. Leading the way are the big US stocks, with extraordinary gains fueled by the Fed’s radically-unprecedented money printing. The winding-down Q2’21 earnings season illuminates how...
The Fed acknowledged the economy’s progress, but it’s still not “substantial progress.” In short, Powell merely slowed the hand of the tapering clock.
Something interesting is happening in the financial markets. As you probably know, the Fed’s reverse repurchase operations have been increasing recently. At the very end of June, their volume almost reached one trillion dollars ($991.9 billion)! It’s a record high,...
The recently released June statement of account of the Bank for International Settlements -- -- contains information that suggests a decrease of about 46 tonnes in the bank’s gold swaps to 471 tonnes. This compares to the record high estimated at 552 tonnes as of...
The past week has been a story of stagflation infecting the US economy while the stock market grimaces as Fed officials express the need to start a gradual pullout from economic stimulus much sooner or face a rapid pull-out a little later. Word on the Street has...
What happens when the debt comes due? It’s a question millions of Americans are grappling with in their personal finances. It’s also a multi-trillion dollar question facing officials in Washington, D.C.
August 5, 2021
This year has been shaping up to be a strong one for central bank gold buying. This is despite the official absence from the buy side of central bank gold powerhouses such as Russia and China.
Metals and miners have a predictable seasonal tendency to decline in mid to late June and make a secondary – often slightly higher low – in the late July to mid-August period.
August 4, 2021
It's been a whole year since gold hit its all-time high near $2,060. Since then, the precious metal has been in a correction phase that has seen it, along with gold miners, remain range-bound.
When the market wants to move down and gets short-term bullish signals, it often ignores them or reacts weakly – and that’s exactly what gold is doing.