Technical analyst Clive Maund discusses recent movements in the price of silver. Unlike gold, which has forged ahead, there has been very little change in silver since the last update. This is not surprising because gold is stronger than silver during the earliest stages of a new bull market, while silver performs the strongest during the late stages of a bull market as investors "throw caution t...Read More
Another year of covering commodities and select junior mining stocks is all but done and dusted. We’ve seen palladium prices more than double those of platinum, its sister metal, on tight supply and high demand for catalytic converters in gas-powered vehicles, as smog-belching diesel cars and trucks get phased out to meet tighter air emissions standards particularly in Europe...Read More
We often cover the ongoing JPMorgan silver bullion saga here. It seems we have a new twist in the ongoing story since JPMorgan's takeover of the bankrupt Bear Sterns short silver position in early 2008.Late last year, in early November 2019, CBS’ 60 Minutes show did a puff Public Relations piece for the CEO of the world’s largest and Global Systematic Important Bank.Here we see 60 Minu...Read More
Gold miners’ stocksblasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled suchstrong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that goldstocks’ next upleg is starting to accelerate. But key indicators argue the contrarian side, that this b...Read More
Strengths? The top performing precious metal for 2019 was palladium, gaining 54.20 percent. In a weekly Bloomberg survey of analysts and traders, gold sentiment remained marginally bullish the first days of the New Year. The survey showed eight bullish, two bearish and seven neutral. At week-end, gold advanced toward a six-year high, climbing 1.5 percent to $1,551 an ounce in Lon...Read More
Dear Friend of GATA and Gold:Our friend B.A. tonight challenges optimism among gold and silver investors that the latest crisis in the Middle East will explode Western central banking's longstanding gold price suppression policy.Ordinarily your secretary/treasurer would agree with him and change the channel from news to anything promising comic relief. After all, these geopolitical crises never...Read More
Gold faces big resistance between $1590-$1610 zone. Only a break of this zone will result in $1707.50 and $1822 in the near term. Short term hot money will flow into gold if it rises this week. Gold could be a Las Vegas if it rises this week. The quicker the pace of rise, the more will be short term volatility in gold. I will be closely watching the pace of rise and not the actual rise. Silver i...Read More
Dear Reader,Stocks ran red this morning… stained crimson by the blood of Iranian Gen. Qassim Soleimani.A Reaper drone of the United States Air Force sent this hellcat over the rainbow early Friday.The late departed was no second-rater, no minion. Explains Matthew Hoh of the Center for International Policy:The equivalent of the killing of Gen. Soleimani would be as if the Iranians assassinate...Read More
QUESTION: Marty, Do you think it will be time to short the bonds with the ECM? Gold had bounced off the Downtrend line instead of electing the bearish reversals and it rallied after the Pi turning point. You said if gold peaked with the bottom of the ECM it could then fall back to retest support. It looks as if that happens, the Fed will lose the battle and interest rates will rise after the ECM....Read More
GOLD COT REPORTS WERE DELAYED (JAN. 3), DUE TO THE HOLIDAYS: Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 381,62053,695140,611202,925569,416725,156763,722 Change from Prior Reporting Period 17,310-4,96318,589-27925,81635,62039,442 Traders 23351765558312164 Small Speculators LongShortOpen Interest 61,01022,444786,1...Read More
GOLD COT REPORTS WERE DELAYED (JAN. 3), DUE TO THE HOLIDAYS: Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 381,62053,695140,611202,925569,416725,156763,722 Change from Prior Reporting Period 17,310-4,96318,589-27925,81635,62039,442 Traders 23351765558312164 Small Speculators LongShortOpen Interest 61,01022,444786,1...Read More
Another year of covering commodities and select junior mining stocks is all but done and dusted. We’ve seen palladium prices more than double those of platinum, its sister metal, on tight supply and high demand for catalytic converters in gas-powered vehicles, as smog-belching diesel cars and trucks get phased out to meet tighter air emissions standards particularly in Europe...Read More
We often cover the ongoing JPMorgan silver bullion saga here. It seems we have a new twist in the ongoing story since JPMorgan's takeover of the bankrupt Bear Sterns short silver position in early 2008.Late last year, in early November 2019, CBS’ 60 Minutes show did a puff Public Relations piece for the CEO of the world’s largest and Global Systematic Important Bank.Here we see 60 Minu...Read More
Gold miners’ stocksblasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled suchstrong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that goldstocks’ next upleg is starting to accelerate. But key indicators argue the contrarian side, that this b...Read More
When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of “beliefs” as to what the metals are doing and will be doing.Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various forms of analysis. Of late, we are seeing so many become fearful of the metals market...Read More
When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of “beliefs” as to what the metals are doing and will be doing.Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various forms of analysis. Of late, we are seeing so many become fearful of the metals market...Read More
LONDON, 5 January 2020 - BullionVault's latest customer survey this morning leads a double-page spread about gold's 2020 outlook published in today's Mail on Sunday, the UK's best-selling 'mid-market' weekend newspaper."Confidence [for gold] to deliver strong price gains this year remains sky high," writes the Mail on Sunday's personal finance editor Jeff Prestridge, reporting that nearly 80% of r...Read More
Adam HamiltonArchivesJan 03, 2020 Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, tha...Read More
Editor's note: America's no.1 futurist George Gilder, fears the U.S. has lost its technological and entrepreneurial edge. China has instead emerged as the next global technological leader. Today Mr. Gilder defends a controversial Chinese company against accusations by The Wall Street Journal, and shows you why the U.S. is in no position to complain.Dear Reader,On Christmas day, overflowing with ho...Read More
Hooray, the twenties are here! But what will the 2020 bring for the gold market? Shall we see the beginning of the Belle Époque for the yellow metal?Gold at the End of 2019The last year was a very good one for the gold bulls, as one can clearly see in the chart below. Despite the soaring equities, the price of the yellow metal rose from $1279 to around $1520, or more than 18 percent. Bravo!...Read More