CloseGain/LossGold $1330.70-$18.00Silver$16.47-$0.21XAU80.83-2.89%HUI178.98-3.23%GDM614.69-2.70%JSE Gold1152.60-41.04USD89.71+0.56Euro123.37-0.75Yen93.37-0.63Oil$61.79+$0.2410-Year2.881%+0.010T-Bond143.9375-0.0625Dow24964.75-1.01%Nasdaq7234.31-0.07%S&P2716.26-0.58% The Metals: Gold waffled near unchanged in holiday thinned trade yesterday before it fell $13.20 to as low as $1335.50 at abou...Read More
Major declines follow a distinct pattern:1) The initial drop.2) The bounce.3) The final collapse.This recent market meltdown has followed this pattern perfectly. As I write this, the markets have completed numbers 1 and 2. They will begin #3 today.The S&P 500 has bounced right into former support. A rejection here will lead to a sell-off into the true "panic low."The downside target he...Read More
As bad as the prognosticators can be with their predictions for the price of gold, the situation for silver is even worse.Some very recent headlines trumpeted the following proclamations:“Silver prices to surge…”“Silver…Why Prices Will Soar”“Why You Must Own Silver…” But my favorite headline expresses all of the emotion and confusion regardi...Read More
I've noted that when China's markets go quiet during the "Golden Week" holiday, the gold price tends to soften.This is the key gold chart. Price softness is expected during this holiday, and the good news is that it is occurring on very light volume.The bears would argue there's a small double top in play, while the bulls have an inverse head and shoulders bottom pattern on their team. A bull flag...Read More
Prosecutors are really no longer able to prove cases without what is commonly called a "rat" who will take the stand and say whatever the prosecutor directs Continue...Read More
By Ira EpsteinMetals give up Friday's gains and more.http://iraepstein.com/ Read More
Thinking North's Cryptonight that took place on Thursday February 8th was quite a success. A packed gathering of close to 150 fund managers, brokers and high net worth investors attended, who were eager to learn more about the exciting crypto and blockchain space and about some of the companies that specialize in it. I had the honour of being the key note speaker at this event for the fourth co...Read More
Major declines follow a distinct pattern:1) The initial drop.2) The bounce.3) The final collapse.This recent market meltdown has followed this pattern perfectly. As I write this, the markets have completed numbers 1 and 2. They will begin #3 today.The S&P 500 has bounced right into former support. A rejection here will lead to a sell-off into the true "panic low."The downside target he...Read More
The gold market is setting up for a perfect storm as the top mining producers' supply is forecasted to decline right when demand is likely to surge. The surge in gold demand will occur as the broader stock markets roll over and begin their inevitable massive correction. Due to the tremendous amount of leverage in the system, the coming market correction will be quite violent at times. If inv...Read More
"This administration will stand in the way of Kim's desire to whitewash their murderous regime with nice photo ops at the Olympics. Perhaps that's why they walked away fromContinue...Read More
Source: Jack Chan for Streetwise Reports 02/20/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term...Read More
By Jeff ClarkWe buy gold for many reasons as monetary insurance, a crisis hedge, and even for simple diversification. And another one of those reasons is coming to the fore right now: as a hedge against overvalued stock and crypto markets.We've been saying for some time that sooner or later these two markets had to correct and that gold would serve as a buffer against those inevitabilities. It's...Read More
Strengths ?The best performing metal this week was palladium, up an impressive 7.17 percent after having been trending down since the middle of January. The weekly Bloomberg survey showed gold traders are overwhelmingly bullish after being bearish last week as the yellow metal is set for its best week since April 2016. A falling U.S. dollar has boosted demand for bullion as an alternative asset....Read More
By the end of the 3rd century AD, the finances of ancient Rome were in terminal crisis. Years and years of debasing the currency had resulted in Continue...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and a hard money advocate and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years some i...Read More
It is widely believed that silver leads gold during bull markets for these metals. I wonder how this belief first arose and persists to this day given that it is contrary to the historical record.It is partially true that silver outperforms gold during precious-metals bull markets. In particular, it's true that silver tends to achieve a greater percentage gain than gold from bull-market start to b...Read More
Gold prices fell Tuesday as the US dollar continued to recover from its recent spate of selling.Continue...Read More
Graceland Updates By Stewart Thomson 1. I've noted that when China's markets go quiet during the "Golden Week" holiday, the gold price tends to soften.2. Please click here now. Double-click to enlarge this key gold chart. Price softness is expected during this holiday, and the good news is that it is occurring on very light volume.3. The bears would argue there's a small dou...Read More
Nearly ?,?1 trillion in non-performing loans poses risks to European banks'- Greece has highest non-performing loans as a share of total credit- Italy has the biggest pile of bad debt in absolute terms- Bad debt in Italy is still "a major problem" which has to be addressed - ECB- Level of bad loans in Italy remains above that seen before the financial crisis- Deposits in banks in Greece, Cyprus,...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up an impressive 7.17 percent after having been trending down since the middle of January. The weekly Bloomberg survey showed gold traders are overwhelmingly bullish after being bearish last week as the yellow metal is set for its best week since April 2016. A falling U.S. dollar has boosted demand for b...Read More