There is some evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before major cycles take over and it comes to an end
Gold Editorials & Commentary
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April 12, 2021
April 11, 2021
Last week's trading saw gold forming its low in Monday's session, here doing so with the tag of the 1721.60 figure. From there, strength was seen into later in the week, with the metal pushing all the way up to a Thursday high of 1759.40 - before backing off the...
Since I last wrote an article on the markets in mid-March, the Dow Jones has seen four new BEV Zeros in the BEV chart below, and was never more than 1.80% from these new all-time highs. That’s pretty bullish.<
This note considers the potential impact of the “Basel 3” regulatory standards of the Bank for International Settlements on the bank’s own gold banking business, which is of interest to gold investors mainly due to the regular trading the BIS does in gold swaps and...
With respect to this week's title, in each of the prior three missives we've anticipatively penned: 20 March: "So clearly we see Gold as on the go through here: 1800 seems quite reasonable as an initial goal, however the 1800s in general could well be fraught with...
April 10, 2021
Gold sector remains on long-term BUY at the end of March. Long-term – on major BUY signal. Short-term – on buy signals. Gold sector cycle is up. $$$ We are 50% invested. New money can buy at current prices for the long-term.
April 9, 2021
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Brace yourselves, inflation is coming! Importantly, not only grumblers such as myself are talking about rising prices right now, but even the Fed officials themselves admitted that inflation will jump this year. Indeed, in the latest dot plot , the Federal Open...
The gold miners’ stocks suffered a rocky start to 2021, rolling over into an extended correction after a young upleg prematurely failed. The resulting deeper lows left sentiment overwhelmingly bearish, with this contrarian sector deeply out of favor. But over the...
Americans appear to be growing more concerned about the skyrocketing national debt level – officially $28.1 trillion and counting. The Peter G. Peterson Foundation’s monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of...
April 8, 2021
It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise. Just because a house is standing doesn't mean its foundations are solid, and that's exactly the case with the miners.
Enthusiastic gold investors everywhere are wondering…has gold finally bottomed? The short answer is… I think so. That's because, from a number of perspectives, that seems the most likely scenario. Right now, most of the evidence points in that direction.
The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle. As the chart below shows, in March 2021, total nonfarm payrolls rose by 916,000 , following gains of 468,000 in February (after...
As we enter the second quarter of 2021, the year during which so many mainstream analysts and politicians have predicted we’ll see a miraculous recovery from the covid crisis, it is becoming increasingly clear that the damage inflicted by the lockdowns and the...
This, until a few days ago, unknown hedge fund is a trailblazer for what will happen to the $1.5+ quadrillion derivatives market. I have warned about the derivatives bubble for years. Archegos has just lit the fuse and soon this whole market will explode.
I know this is my third article this week, but I have been in Cancun for Passover for the last two weeks, and now that I am back, I have a lot to say. And, as those that read my articles frequently already know, I am about to hit you over the head again with another...
April 7, 2021
Two things appear to be on the chopping block for this week, or are close to being so. The first is the USDX’s corrective downswing, and the second being gold’s short-term rally.
In this second part of our exploration of the recent US Dollar rally and what it may be reacting to in relation to the current US stock market highs and continued rally, we will explore some of the underlying factors that are translating into US Dollar strength...
We’re told inflation isn’t a problem. But a quick trip out to the grocery store or to fill up your car with gas tells you otherwise. Prices are going up. Peter Schiff recently appeared on Tucker Carlson’s show to talk about inflation. He said the price of everything...
April 6, 2021
Previously dismissed, the USDX may now be back with a vengeance. Sentiment is swinging away from shorts and there is an uncanny historical pattern. With a potential bearish pattern already broken, the USDX is resuming its journey northward. And why is it geared to...
The world endured endless wars under Barrack Obama, all in the name of “Regime change, to free the people!” Millions starved and hundreds of thousands were killed. Yet, in one of history’s most ironic moments, this man was awarded the Nobel prize… for peace.
The downtrend in the precious metals sector that began in August has been punctuated with one of the most aggressive, blatant price manipulation efforts over the last month that I have witnessed in 20 years. While no one can prove it without access to the inside...
I really wonder how many of you that read this article entrust your hard-earned money to money managers? My next question is, of those that do, how many of you really understand your money managers' approach to managing money? And, my last question is if you believe...
April 5, 2021
The best performing precious metal for the holiday-shortened week was platinum, up 2.08%. The metal is expected to remain in deficit for 2021 as South African supplies will remain at risk of electricity disruptions and the growing use of fuel cells creates a new...
The US dollar is the world’s reserve currency. That isn’t likely to change anytime soon. All currencies are substitutes for real money, i.e. gold. And because all governments inflate and destroy their own currencies, any potential alternatives to the US dollar are...
The campaign against gold that had started in early 1996 when the price broke above $400 to upset the powers that be has entered a new phase. This is the third time in my memory that the PM market stands at the brink of what could become a new and possibly deciding...
In recent weeks, I’ve authored many reports pointing toward the certainty of both current as well as rising inflation ahead, which, of course, is favorable to the long-term price direction in gold.
Last week's trading saw gold forming its high in Monday's session, here doing so with the tag of the 1734.80 figure. From there, a sharp decline was seen into later in the week, with the metal dropping all the way down to a Wednesday low of 1677.30 - before bouncing...
Let's start with the daily line combo chart for the PM complex which shows the H&S tops in place. Yesterday we looked at the SIL and SILJ that were sitting right on top of their bottom trendline. Today they are getting a bounce which would be normal even if they...
Longtime gold bashers are gloating over the precious metal’s recent price slump. Gold prices have declined more than 10% in the first quarter of 2021. But the perma-bears shouldn’t feel vindicated. After all, anyone who heeded their advice missed out on gold’s...