StrengthsThe best performing metal this week was palladium, up 6.48 percent, notching its best weekly advance since June. While global car sales are weak, loadings for their catalytic converters are going up with regulatory requirements. Gold traders and analysts were spilt on their outlook for the yellow metal next week after this week saw big price swings due to U.S.-Iran tensions escalati...Read More
Clive MaundIt has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse t...Read More
In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.This contradiction between Fed omnipotence and Fed incompetence is coming to a head. The economy has been trapped in a prolonged period of subtrend growth. I've referred to it...Read More
We’ve all seen zombie movies where the good guys shoot the zombies but the zombies just keep coming because… they’re zombies!Market observers can’t be blamed for feeling the same way about former Fed Chair Ben Bernanke.Bernanke was Fed chair from 2006-2014 before handing over the gavel to Janet Yellen. After his term, Bernanke did not return to academia (he had been a profe...Read More
Jan 14, 2020 Guest(s): Kevin O'Leary Canadian Prime Minister Justin Trudeau's comments that suggest that actions from the U.S. may have been indirectly responsible for the downing of the Ukrainian commercial plane over Iran is not helping with Canada-U.S. relations, said Kevin O'Leary, star of Shark Tank and chairman of O'Shares ETFs. "Justin Trudeau is the gift that just keeps on giving," O'...Read More
Jan 15, 2020 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University President Donald Trump is not facing stiff competition for the presidential elections in November, and a low chance of a recession should further help his odds, this according to Steve Hanke, professor of applied economics at Johns Hopkins university. "If you look at the challengers, there's not much to w...Read More
By: Ira EpsteinGold monthly shows gold still up $37. Gold monthly shows upside breakout, Bollinger upper band around $1,600 and rising on the monthly charts, bullish. Weekly chart gold at highest close in years. Gold has broken out of this drifting pattern:Read More
By: Ira EpsteinGold monthly shows gold still up $37. Gold monthly shows upside breakout, Bollinger upper band around $1,600 and rising on the monthly charts, bullish. Weekly chart gold at highest close in years. Gold has broken out of this drifting pattern:Read More
- Mike GleasonComing up we'll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we'll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So...Read More
The Long NowNot Worth the RiskUnproductive and Non-LinearThe Great ResetNew York and the Most Optimistic Man in the RoomIf living dangerously is your goal, just keep adding reasonable, manageable, prudent risks. Eventually they'll add up to serious danger.Hyman Minsky showed how stability leads to instability. Humans have a way of reinterpreting stable periods that seemingly redefines words like...Read More
By: Ira EpsteinGold monthly shows gold still up $37. Gold monthly shows upside breakout, Bollinger upper band around $1,600 and rising on the monthly charts, bullish. Weekly chart gold at highest close in years. Gold has broken out of this drifting pattern:Read More
- Mike GleasonComing up we'll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we'll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So...Read More
The Long NowNot Worth the RiskUnproductive and Non-LinearThe Great ResetNew York and the Most Optimistic Man in the RoomIf living dangerously is your goal, just keep adding reasonable, manageable, prudent risks. Eventually they'll add up to serious danger.Hyman Minsky showed how stability leads to instability. Humans have a way of reinterpreting stable periods that seemingly redefines words like...Read More
LONDON, 12 January 2020 - BullionVault is named today as a low-cost way to invest in physical gold by The Sunday Times, the UK's best-selling quality weekend paper.Reporting on a "sale" of coins and bars announced by the Royal Mint, "its retail prices remain higher than at competitor BullionVault, where gold currently trades at ?1192 per ounce," says award-winning columnist - and former editor of...Read More
Adam HamiltonArchivesJan 10, 2020 Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never las...Read More
Gold’s safe haven status was tested this week, as Iran countered the assassination of its top military commander with missile strikes against two Iraqi bases housing US troops. On Tuesday night Tehran fired over a dozen missiles at the Al-Asad airbase and Erbil airport, in obvious retaliation against an American drone strike a few days earlier that killed General Qassem&n...Read More
Gold dramatically surgedto major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran’s top general, so Iranfired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness,spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes neverlast long, and th...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 383,48061,189139,363202,452558,533725,295759,085 Change from Prior Reporting Period 1,8607,494-1,248-473-10,883139-4,637 Traders 23670875458324185 Small Speculators LongShortOpen Interest 60,56226,772785,857 -4484,328-309 non reportable positionsChange fr...Read More
- Richard (Rick) MillsGold's safe haven status was tested this week, as Iran countered the assassination of its top military commander with missile strikes against two Iraqi bases housing US troops.On Tuesday night Tehran fired over a dozen missiles at the Al-Asad airbase and Erbil airport, in obvious retaliation against an American drone strike a few days earlier that killed General Qasse...Read More
Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never last long, and the gold buy...Read More