The metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to “take off like a rocket-ship.” To my members of ElliottWaveTrader.net, I outlined my expectations for a st...Read More
Gold and silver stocks have held up decently during the correction in precious metals, which is now in its 3rd month. However, as we mentioned last week, the bugaboo has been the relatively high net speculative position in Gold, which has not changed much despite recent weakness in the sector. Technically Gold cracked last week and the downside momentum coupled with the relatively high net spec po...Read More
By: Avi GilburtThe metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to "take off like a rocket-ship." To my members of ElliottWaveTrader.net, I outlined my expectations fo...Read More
Clint Siegner, Money MetalsThe recent price smash in precious metals is frustrating for goldbugs. It is even more infuriating for those who look at the fundamental reasons to own gold and silver and see prices falling anyway.That's why it's worth explaining once again the real purpose of the futures markets, where prices are set. Some recent revelations about Bitcoin futures will help.The CME la...Read More
By: Ira EpsteinFed's Powell speaking this week. Still a washout in gold, huge outflows from the market. Gold 3-days under Bollinger lower band..Read More
Dear Rich Lifer,When it comes to retirement destinations, you can find an endless number of lists ranking the best and worst spots to live out your golden years.My take is it really depends on how you want your retirement to look.Of course, you want to stretch your dollar as far as it will go, but you're also not going to do it at the expense of losing friends and family.A survey by Merrill Lynch...Read More
QUESTION: Do you think it is remotely possible for any return to a gold standard? I believe these arguments are not realistic.DRANSWER: The fringe fantasy of a return to the gold standard just never dies. If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility of a partial backing is possible. But to back the currency by gold, even say 1%, the res...Read More
- 2019 drilling program tested several distinct targets within four target areas at Keystone, including the first ever test of the Nina Skarn target area, where the thickest intervals of strong, continuous gold mineralization ever drilled at Keystone have been encountered. The key geological features of the hole indicate it intersected the halo of a large gold system.- The drilling program also e...Read More
The Federal Reserve has given another $112 billion to Wall Street. Hardly a sign of a "thriving economy." David Stockman, former budget director for President Ronald Reagan and author of "Peak Trump: The Undrainable Swamp and the Fantasy of MAGA" joins Rick Sanchez to share his insights. He argues the market "can't digest" all the money flooding into Wall Street and that the Federal Reserve respon...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Amidst all the political brouhaha regarding foreign aid, it is important that we keep in mind the nature and purposes of this particular federal program, as well as its related program, sanctions.Continue...Read More
Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour, fueling the sell-off. According to CME data as of end of market close November 11th, gold futures open interest is now up to 704,741 contracts!Gold Trade Equal to 3 Million Ounces Sends Futures Tumbling https://www.bloomberg.com/amp/news/ar...Monitor Gold Futures Contracts Open Inte...Read More
Nov 14, 2019 Guest(s): Ryan Giannotto Director of Research, GraniteShares ETFs The amount of gold to hold in a portfolio that optimizes an investor's risk/return profile is much higher than what most would hold, this according to Ryan Giannotto, director of research at GraniteShares. "We have found that the efficient level, the optimized level, was 35% gold. Not saying you should own 35% gold, t...Read More
*The interview begins at 3:28Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent...Read More
Oursummary of the current situation in the precious metals is not going to differmuch from whatwe wrote yesterday, and the reason is simple. The decline in gold,silver, and miners is developing justas we’ve been expecting it to. Most importantly, gold has justconfirmed its breakdown and everything that we reportedon gold’s outlook and price targets just got a huge confirmation.Let&rsqu...Read More
In Part I of this research post, we highlight how the ES and Gold reacted 24+ months prior to the 2007-08 market peak and subsequent collapse in 2008-09. The point we were trying to push out to our followers was that the current US stock market indexes are acting in a very similar formation within a very mature uptrend cycle. We ended Part I with this chart, below, comparing 2006-08 with 201...Read More
The metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to “take off like a rocket-ship.” To my members of ElliottWaveTrader.net, I outlined my expectations for a st...Read More
Gold and silver stocks have held up decently during the correction in precious metals, which is now in its 3rd month. However, as we mentioned last week, the bugaboo has been the relatively high net speculative position in Gold, which has not changed much despite recent weakness in the sector. Technically Gold cracked last week and the downside momentum coupled with the relatively high net spec po...Read More
RambusA line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I'm so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the...Read More
By: Ira EpsteinGold wanting to breakdown but the gold market does not have a trend but bias and momentum down. Below the 18-week moving average. $1,440-$1,450 support. $1,485 challenge area..Read More