Gold futures continued to drift lower yeterday, continuing the sharp decline that traders witnessed on Monday of this week. Although yesterday gold was able to recover slightly gaining $18 off of Monday sharp selloff, today traders took gold pricing back to erase...
Gold Editorials & Commentary
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November 12, 2020
November 11, 2020
On Monday the dollar had a ferocious rally, moving up from 15.87mg gold to 16.77mg and from 1.21g silver to 1.32g. In mainstream terms, the price of gold dropped about a hundred bucks, and the price of silver crashed $2.20.
"If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes..." said Lobo Tiggre...
Yesterday’s announcement that two companies have developed a vaccine that has now completed the stage III trials, and is 90% effective in killing the coronavirus. This was truly welcome news and responsible for the large gains in US equities and concurrently the...
November 10, 2020
The gold market has been stuck in a fairly narrow range for nearly two months, and time is quickly running out if the precious metal is going to see a new high above $2,000 an ounce by year-end.
Peter Krauth looks into what Pfizer and BioNTech's COVID-19 vaccine efficacy announcement could mean for gold and silver. Believe it or not, the big deal for precious metals this week was not the U.S. election.
Eagle, Idaho (November 10, 2020) – Six outstanding students beat out more than 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition...
The world is heading full steam ahead towards the ENERGY CLIFF, and virtually no one seems to be prepared. After watching the U.S. Presidential Election and the circus sideshow that followed on both Mainstream media outlets, I am quite surprised how much Americans...
Conspiracy buffs are probably wondering if Monday’s big vaccine announcement (that occurred just after the election of Joe Biden) was a coincidence. Would the outcome of the election have been different if the vaccine announcement was made a few days before the...
November 9, 2020
Following the conclusion of the U.S. presidential election and latest post-election euphoria, the price of gold sank by more than 4% today. Despite some storm clouds ahead in the form of vote recounts and court challenges by outgoing president Donald Trump, the...
We last wrote to you roughly ten days ago. We concluded, "It appears GDX and GDXJ will test their September lows at $37 and $52 reasonably soon. Should GDX & GDXJ break those lows to the downside, then we should get ready to buy."
The best performing precious metal for the week was palladium, up 12.64%, despite hedge funds cutting their positioning to a 10-week low. Gold had its best weekly gain since July as Joe Biden moves closer to winning the presidential election and on prospects for...
I saw the potential for market-changing news over the weekend, but I did not expect it to be on the vaccine front. Pfizer announced a successful vaccine, and gold is plummeting.
The correction could have gone longer and lower before reversing. Furthermore, it may still go longer with the minor cycle lows due on about 11/16. That scenario does not prevent the index from trying for a slightly higher high, first.
November 8, 2020
Last week's trading saw gold forming its low in Monday's session, here doing so with the tag of the 1873.30 figure. From there, a sharp rally was seen into late-week, with the metal running all the way up to a Friday peak of 1961.80 - before backing slightly off the...
Hi everyone, it’s Chris Vermeulen here. Over the years, I have covered a lot about investing, swing trading, and technical analysis in these articles. Today I have exciting news and fresh trading content you are going to love. Many of you trade options around the...
My last article was two weeks ago with the Dow Jones’ BEV closing the week at -4.11%. This week the Dow Jones closes with a BEV -4.16%. Boring stuff, until you realize that in-between these two Fridays the Dow Jones twice actually broke below its BEV -10% line. ...
November 7, 2020
By now it is probably obvious, even to the most naive of mainstream narrative followers, that we are well past the point of no return on many fronts. Politics, on a national and global level, are never getting back to “normal”, the economy is already knee-deep in a...
Our proprietary cycle indicator reverses up this week. Gold sector remains on long-term buy at the end of October. The multi month correction is at completion. $$$ We are holding long and short-term positions.
November 6, 2020
As President Donald Trump continues to insist that he will be the winner of the election after all the legitimate votes are counted and the illegitimate ones thrown out, at least one publication has declared a different winner. Not Joe Biden, but Federal Reserve...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The US stock-market action last quarter proved a roller-coaster ride. Big US stocks first surged to record highs on hopes for more huge pandemic-stimulus spending from Congress. Then with little progress on that front, the stock markets plunged again. Q3’20 proved a...
Brace yourselves, winter is coming! This is what Ned Stark in the Game of Thrones told his people to prepare them for the leaner times he saw coming. While one of the biggest threats in GOT were the White Walkers, in our reality, the pandemic is again the greatest...
November 5, 2020
Following the presidential election this week, the new President of the United States will face an economic slump. Long before the covid-19 lockdowns, economic and financial developments threatened to undermine both the US economy and the dollar.
As accusations of voting irregularities mount, President Donald Trump’s legal team is descending on Pennsylvania and Georgia as well as multiple battleground states that have been called by media outlets for Joe Biden.
You see, it’s not a Trump thing. It’s an ‘America is so hopelessly indebted (as are other developed economies) that they have no choice now’ thing. However the election shakes out – most likely Democrat president and congress, Republican senate – the stock market is...
Ladies and Gentlemen, the new President of the United States is… still unknown! The election results are not available, as some states are still counting the votes. The race is very balanced, with few states remaining too close to call. At the moment of writing this...
November 4, 2020
Few at the corner of Wall Street and Main would quarrel with the extraordinary steps the central bank and federal government have taken given the current circumstances. At the same time, any new rescue effort will pile trillions of debt on the trillions already...
Chris joins The Korelin Economics Report to discuss broad market trends to expect after the election is settled. We are already seeing money flow into markets broadly today as investors hope to have the election uncertainty behind them. We discuss several different...