Precious metals markets got absolutely slammed onThursday.  The selling rout followedstatements put out by the Federal Reserve suggesting that tapering and ratehikes could come sooner than previously expected.The U.S. Dollar Index spiked on the Fed’s latest talkingpoints, prompting short sellers in the commodity futures markets to pounce. Copper and most other commodities also got hamme...Read More

Gold declined yesterday, or I shouldsay, it rushed down at breakneck speed. And while it might have been a surprisefor some, it wasn’t for me.However, we should stay alert to anypossible changes, as no market moves in a straight line. Tread carefully.On a side note, while I didn’t check itmyself (well, it’s impossible to read every article out there), based on thecorrespondence I...Read More

Gold had a remarkable 2020, gaining 22% for the calendar year on a “perfect storm” of factors, namely:Torrid safe haven demand driven by fear of the coronavirus and its economic fallout;Record-low sovereign bond yields, with many countries’ bonds actually offering negative returns. There is a strong correlation between the gold price and low yields, particularly the benchmark US...Read More

The US GDP has already recovered from the pandemic recession. What’s next for the economy and the gold market?Ladies and Gentlemen, the economic crisis has ended. Actually, not only is the recession over but so is the recovery! This is at least what the recent GDP readings are indicating. As the chart below shows, the US nominal GDP has already jumped above the pre-pandemic level . The real...Read More

With the CPI annual inflation rate spiking 5% in May, gold could have gained a lot in response. However, it rallied only $20. Should we prepare for more?Whoa! Inflation soared 5% in May – quite a lot for a nonexistent (or transitory) phenomenon! But let’s start from the beginning. The CPI rose 0.6% in May, after increasing 0.8% in April. Meanwhile, the core CPI, which excludes food and...Read More

The halfway point of the year is quicklyapproaching. Dwindling confidence and concern over the direction of the countryalong with rising inflation expectations continue to drive strong demand for physical gold and silver. Thattrend appears set to continue through the second half of 2021.Here are a few big stories with thepotential to drive bullion buying in the months ahead. Federal Reserve May Be...Read More

Gold endured a 20% correction over eight months. A 15% rebound followed that in two months. It has retraced some, but not a majority of the losses.This action is all part of the handle of a super bullish cup and handle pattern.The handle itself is part of a much larger bullish consolidation, but the market is approaching resistance within the handle.Below we plot GDXJ, GDX, Gold, and Silver. As yo...Read More

Inflation is back, and that’s usually depicted as good for gold. But is the yellow metal still a hedge against inflation, or has something changed?Inflation has returned. This is partly understandable. After all, during the Covid recession , consumers and businesses accumulated a lot of cash as their spending was reduced, while revenues were sustained by money transfers from the government....Read More

After decades of concerted effort by governments and central banks, the focus away from gold as money has led to its characterization as an investment, a hedge, insurance, etc. Some still refer to it as a barbarous relic. Are any of these descriptions valid? GOLD AS INSURANCEThere is a seemingly plausible argument for calling gold a hedge or insurance given volatile conditions in our society...Read More

Excerpted from Elliott Wave International's new FREE report "Gold Investor's Survival Guide: 5 Principles That Help You Stay Ahead of Price Turns."There is a glaring hole in the popular understanding of what drives gold's price.Mainstream finance believes the Federal Reserve's monetary and interest rate policies shape the trend.That sounds like a solid explanation... except, the Fed officials them...Read More

In the currentenvironment of rising inflation and easy monetary policies, the value of goldcould potentially go sharply higher from recent levels.Unlike many traders outthere, the successful gold investor has learned to “see the forest through thetrees.”Put simply, goldinvestors understand that the shiny yellow metal is not likely to go straightup in price. It can, however, be expected...Read More

Gold is okay, but not yet uniqueThere are times when gold is an okay inflation hedge, while under-performing the likes of industrial metals, oil/energy, materials, etc. During those times, if you’re doggedly precious metals focused you should consider silver, which, as a hybrid precious metal/industrial commodity, has more pro-cyclical inflation utility than gold.But as I have argued for muc...Read More

The worldwide shift toward cleaner, greenerenergy sources once again appears to be picking up speed.While the world’s focus on climate changeunderstandably took a backseat to the Covid-19 pandemic for most of the past 18months, that focus on climate change has started to return in a powerful way. In fact, our transition into a post-pandemicenvironment is triggering a number of significantopp...Read More

Tin was the best performer on the London Metal Exchange during trading on Monday June 28, while the rest of the complex was mixed at the start of the new week with particularly low volumes for copper's three-month contract. Tin's three-month price increased by 1.2% to $31,152 per tonne on Monday at the close from Friday's $30,774 per tonne price. The metal rose to as much as $31,220 per tonne dur...Read More

With the current situation suggestiveof a Monty Hall problem, investors are clinging to the first, bullish door. Butwhat if a different option is more likely?The Monty Hall problem is a form of aprobability puzzle, and what it shows is immensely unintuitive. Suppose you areon a game show, and you need to choose one of three doors. Behind one of themis a car and behind the others, goats. You pick a...Read More

Inflation broke into the economy violently. It’s a destructive, dark force. But gold can resist it, being after all a much stronger asset than Anakin Skywalker.Last month, I wrote that “inflation is knock, knock, knockin’ on golden door”. I was wrong. Inflation didn’t knock, it broke down the door! Indeed, as the chart below shows, the core CPI surged 3%, while the ov...Read More

S&P 500 wasted another good opportunity to rise – onewhere the credit markets were largely aligned. Is it a sign of upcoming tremorsthat the 500-strong index couldn‘t defend the daily gains? Commodities weren‘tunder pressure, the dollar wasn‘t surging (looking at the closing prices),precious metals did well, and even lumber enjoyed a white candle again. Inflation expect...Read More

A Russian export tax on aluminium and other base metals levied to curb inflationary risk in the country has stirred expectations of further increases in an already bullish physical market.The Russian government approved temporary export duties Friday on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31....Read More

The U.S. Department of Energy is now backing continued research of an incredible fuel that has up to three times the energycontent of gasoline.More importantly, it could be the only fuelon earth that produces zero emissions when burned.Until recently, this remarkable fuel wasconsidered too dangerous and expensive to be used commercially…But a new technological breakthroughappears to have ma...Read More

Investment involves taking a risk. It involves putting yourmoney on something with the hope that it will increase in value. Therefore, itwill be difficult for you to participate in the investment if you are not arisk-taker. Anything can happen at any time, and you might end up incurringlosses or profits. For someone who only had hopes of making a profit, thelosses may discourage him/her. Inve...Read More