I’ve noted that when China’s markets go quiet during the “Golden Week” holiday, the gold price tends to soften.
Gold has staged a superb rebound from the $1310 support zone, but that was overshadowed by the truly spectacular reversals taking place in most of the Western world’s gold stocks!
The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks. I’ve announced a long term target for GDX of $15,000. That really isn’t very high… ...
Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era.” The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and...
Gold and related investments are off to a very positive start in 2018. I don’t expect any major pause in the action until China’s Golden Week holiday celebrations get underway. Chinese gold dealers will be on holiday this year from about...
I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that’s happening right on schedule. This is the important weekly gold chart. Note that the two biggest volume bars both occurred as key events in...
The world’s most awesome asset is taking the world gold community into the new year with grand style. Gold has stunned most analysts and roared to my $1310 target price without missing a heartbeat!
Are government, central banks, and fiat money the three biggest bubbles in the history of the world? I would suggest they are. The rise of private money (bitcoin) combined with the rise of China and India as economic empires is popping...
I’ve predicted that a long period of deflation in the Western world would end with a Fed taper, rate hikes and quantitative tightening. That’s clearly in play now, and the deregulation of America’s thousands of small banks is perhaps the...
For the past few weeks I’ve suggested that a modest US dollar rally against the yen (and thus gold) was due…and now it’s here! The dollar’s right shoulder rally fits with the US senate’s decision to finally pass some corporate tax cuts....