Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
Bob Moriarty of 321gold discusses a company that is reopening an Idaho gold mine that closed during World War 2. Trace of Mary K Mine workings draped over Google Earth terrain imageIn 1942 with the US involved in a massive war with Japan and Germany the government made the decision to close all non-essential gold mines under the auspices of the War Production Board. It was called the Limitation O...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort337,03069,67254,030118,424421,016509,484544,718Change from Prior Reporting Period 8,0887,4001621,7272,8569,97710,418Traders22766895559318181 Small Speculators LongShortOpen Interest 63,29228,058572,776 1,17173011,148 non reportable positionsChange from the previous reporting peri...Read More
By: Gary SavageI have never found a consistent way to find tops in this market over the past 30 years, when you have central bank QE interfering. Over time, shorting generally cost me more money than I made. Markets go down differently than they go up, tops form differently and it is difficult to consistently time the tops:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the best close since 2011. The pattern remains in a neutral trend in the short-term market. The market is well over the 18-dma, $1778.80 level, but we have a problem:Read More
Traders will prefer to be long in gold and silver for the weekend. Sharp corrections (if any) should be used to go long for Monday. Crude oil should fall. Momentum for copper is very bullish. Sharp increase in COVID cases in key states in USA this week will ensure that gold and silver rise next week too. Only risk to my view is a sustained slide in US stock markets. I had written in previous rep...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort337,03069,67254,030118,424421,016509,484544,718Change from Prior Reporting Period 8,0887,4001621,7272,8569,97710,418Traders22766895559318181 Small Speculators LongShortOpen Interest 63,29228,058572,776 1,17173011,148 non reportable positionsChange from the previous reporting peri...Read More
The gold miners' stocks are blasting higher, just achieving major new secular highs! Traders are flocking back to gold stocks as the metal they produce relentlessly advances on strong investment demand. That is atypical during market summers, but the pandemic has made for unprecedented times. This gold-stock upleg is big, but doesn't look excessive yet. It should keep marching with inves...Read More
Marin KatusaI'm sure you're well aware, gold has been on a tear and has broken above $1,800 per ounce.Every goldbug on the planet is excited and salivating at the mouth...Except for a group of bankers who accidentally got caught up in the greatest modern-day gold racket. For them, their gold bars aren't worth $1,800 per ounce, but more like $2.75 per pound.If you've watched a lot of western movi...Read More
David HaggithWe are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism.Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote,Right now the farce is with them reopening has arrived! And these stupid people will believe that means they were right about the "V,...Read More
By: Gary SavageI have never found a consistent way to find tops in this market over the past 30 years, when you have central bank QE interfering. Over time, shorting generally cost me more money than I made. Markets go down differently than they go up, tops form differently and it is difficult to consistently time the tops:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the best close since 2011. The pattern remains in a neutral trend in the short-term market. The market is well over the 18-dma, $1778.80 level, but we have a problem:Read More