The NFTRH plan is and has been that the gold mining sector, due to the fundamentals implied by the handy graphic below, could eventually lead a world full of inflatables higher. The miners, leveraging gold’s out performance to most everything else during liquidity crises and even deflation, move first and draw in the inflationist bugs later. If the macro goes inflationary the miners will lik...Read More
The gold miners’ stocksjust rolled over into a correction, raising concerns about the staying power oftheir massive post-panic upleg. Thesehigher prevailing gold prices have driven very-strong fundamentals at the goldminers. But they are entering the seasonally-weaksummer doldrums. And current sentimentand technicals play major roles in governing when uplegs remain healthy...Read More
As Great Lockdown was positive for the gold prices, the Great Unlock will be bad, right? We invite you to read our today’s article about the Great Unlock and find out whether it really must be negative for the gold prices. It’s all government’s fault, right? After all, the Great Lockdown was introduced by the federal and state governments introduced, wasn’t? Well, not quite...Read More
The NFTRH plan is and has been that the gold mining sector, due to the fundamentals implied by the handy graphic below, could eventually lead a world full of inflatables higher. The miners, leveraging gold’s out performance to most everything else during liquidity crises and even deflation, move first and draw in the inflationist bugs later. If the macro goes inflationary the miners will lik...Read More
While the use of gold to protectagainst inflation is well known, it has other investment attributes that arepotentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine therelative performance of gold and stocks (as represented by the S&P 500)between early February and late May, as the coronavirus pandemic and theresulting economic shutdown...Read More
The US Dollar Index is getting close to thebreakdown that will signal a massive Silver rally. A type of Silver rally thatwas last seen in the 70s, when Silver went from around $5 to $50.The market has virtually completed a fullcycle to set up the next Silver rally. See this long-term US Dollar Index chart: On the chart, I havemarked two fractals (1 to 3), with a fractal virtually representing...Read More
Gold and Silver moved lower early on June 2nd and3rd. Our research teambelieves this is a “Washout Low” price rotation following a technical patternthat will prompt a much higher rally in precious metals. This type of washout price rotation is fairlycommon before very big moves after Pennant/Flag formations or just afterreaching major price trigger levels.With Gold, a sidew...Read More
Could 2020 end, please? The pandemic is not over and the US suffers now from mass riots across the country. They could aggravate the coronavirus crisis and increase the demand for gold. On May 26, a black man, George Floyd, was killed by the police in Minneapolis, Minnesota. During his arrest – he allegedly used earlier a $20 counterfeit bill in a nearby store – the police officer put...Read More
From the March 23rd low in the PM complex we’ve enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the e...Read More
While the use of gold to protectagainst inflation is well known, it has other investment attributes that arepotentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine therelative performance of gold and stocks (as represented by the S&P 500)between early February and late May, as the coronavirus pandemic and theresulting economic shutdown...Read More
The US Dollar Index is getting close to thebreakdown that will signal a massive Silver rally. A type of Silver rally thatwas last seen in the 70s, when Silver went from around $5 to $50.The market has virtually completed a fullcycle to set up the next Silver rally. See this long-term US Dollar Index chart: On the chart, I havemarked two fractals (1 to 3), with a fractal virtually representing...Read More
Gold and Silver moved lower early on June 2nd and3rd. Our research teambelieves this is a “Washout Low” price rotation following a technical patternthat will prompt a much higher rally in precious metals. This type of washout price rotation is fairlycommon before very big moves after Pennant/Flag formations or just afterreaching major price trigger levels.With Gold, a sidew...Read More
Could 2020 end, please? The pandemic is not over and the US suffers now from mass riots across the country. They could aggravate the coronavirus crisis and increase the demand for gold. On May 26, a black man, George Floyd, was killed by the police in Minneapolis, Minnesota. During his arrest – he allegedly used earlier a $20 counterfeit bill in a nearby store – the police officer put...Read More
From the March 23rd low in the PM complex we’ve enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the e...Read More
LONDON, 7 June 2020 - The dreadful Coronavirus Pandemic has spurred a jump in the number of people wanting to invest in gold, silver and platinum, reports today's Mail on Sunday - the UK's best-selling 'mid-market' newspaper - quoting data from BullionVault.This surge comes "despite a tail-off in the price of all three metals in the past couple of weeks," says the paper's personal finance editor J...Read More
Adam HamiltonArchivesJun 05, 2020 The gold miners' stocks just rolled over into a correction, raising concerns about the staying power of their massive post-panic upleg. These higher prevailing gold prices have driven very-strong fundamentals at the gold miners. But they are entering the seasonally-weak summer doldrums. And current sentiment and technicals play major roles in governing when uplegs...Read More
The most recent U.S. jobs report, which he believes is bound for revision, has Michael Ballanger musing on how economic policies are reflected or distorted in the precious metals markets. I was sitting in my den looking out over the swamp er lake tonight when it appeared as though something was flailing around near the shoreline. So I threw on my deck shoes and went for a stroll down to the water...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 272,19653,16237,007108,654365,277417,857455,446 Change from Prior Reporting Period -15,9522,928-2,944-23,323-41,022-42,219-41,038 Traders 20260715556284161 Small Speculators LongShortOpen Interest 57,88820,299475,745 -1,410-2,591-43,629 non reportable pos...Read More
By: Ira EpsteinGold is in a correction, but strong supports in the $1,600's:Read More
The Nasdaq hit a new record highStocks rallied to round out the week, thanks to an uplifting jobs report which shed light on the 2.5 million jobs that were added last month -- the largest gain on record. That report did much to fuel hopes of the beginning of economic recovery in the wake of the coronavirus pandemic. Of the three major indexes, the tech-heavy Nasdaq was the one most investors had...Read More