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| Julian D. W. Phillips - Gold Forecaster |
Gold and Silver Market Morning: Jan 25 2017 - Gold and Silver consolidating! |
Gold Today–New York closed at $1,209.90on the 24th January after closing at $1,215.30 on the 23rd January.London opened at $1,203.25 today.Overall the dollar was stronger against global currencies early today. Before London’s opening: -The $: € was stronger at $1.0724: €1 from $1.0752: €1 yesterday.-The Dollar index was stronger at 100.31 from 100.20 yesterday. -The Yen was weaker at 113.69:$1 from yesterday’s 113.24 against the dollar. -The Yuan was weaker at 6.8766: $1, from 6.8534: $1, yesterSunday, January 24, 2021 |
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| Nick Barisheff - BMSINC |
August 15, 1971: Inflation Unleashed |
The general public, the media and most financial observers were largely unaware of the momentous event that took place on August 15, 1971. However, the implications of that event have had an enormous impact on global financial conditions ever since. On that date, US President Richard Nixon “closed the gold window”. In essence, this meant the US would no longer honour the Bretton Woods Agreement of 1944, whichSaturday, August 15, 2020 |
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| Antal E. Fekete - Gold University |
Keeping our Eyes Peeled for the Silver and Gold Basis |
Here is a question for the discriminating observer. How is it that interest-rate derivatives do not obey the Law of Supply and Demand? The more there are of them, the more they are in demandMonday, August 10, 2020 |
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| Mac Slavo - ShtfPlan |
How Will Gold Prices Behave During The Next Economic Crisis |
This report was originally published by Brandon Smith at Alt-Market.com
It is generally well known in economic circles and in the general public that precious metals, including gold, tend to be the go-to investment during times of fiscal uncertainty. There is a good reason for this. Precious metals have foundation qualities that provide trade stability; these include inherent rarity (rather than artificially engineered rarity such as that associated with cryptocurrencies), tangibility (you can Tuesday, March 13, 2018 |
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| Chris Powell - GATA |
Monetary Metals' Weiner refuses to see anything wrong in the gold market |
These days there aren't many denials of gold market manipulation by governments and central banks.
As the documentation has piled up, most of the former deniers have fallen silent or struck the pose of 321Gold's Bob Moriarty, who these days writes that all markets are manipulated and everyone should just get over it, as if the identity of the manipulators, their capacity for manipulation, and the degree of their manipulation are of no practical or moral concern.
But Keith Weiner of Monetary MTuesday, March 13, 2018 |
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| Keith Weiner - Monetary Metals |
Super-Duper-Irrational Exuberance |
Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared “irrational exuberance”. Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-irrational exuberance?
Anyway, Greenspan cut interest rates a few times in late 1998. Technology companies were able to raise $5 million or more with just a sketch on a napkin (“serviette” for those outside the US). Companies at a “later stTuesday, March 13, 2018 |
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| Egon von Greyerz - Matterhorn AM |
CENTRAL BANKERS NEVER GET IT RIGHT |
Central bank heads have been at it again last week. And they have clearly all been singing from the same hymn sheet. The messages have been very similar from the bosses of the Fed, ECB and BOJ. The head of the Swedish Riksbank had a different and much more interesting message. More about that later.
Why should we ever listen to any of these self-important central bankers. They are consistently inaccurate in their forecasts and policies. Their timing is always wrong as they are always behind theFriday, March 9, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
What Does February Stock Market Crash Mean for Gold |
One month after the February stock market rout is an excellent time to step back and review all the facts – and their implications for the gold market. Here’s exactly what happened – and what it implies for your capital allocation.
After more than a year of continuously advancing, the S&P 500 fell nearly 10 percent in five days.The sell-off was allegedly triggered by the surprisingly strong January jobs report, showing the acceleration in wage growth. That released fears of higher inflation, whSaturday, March 3, 2018 |
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| Adam Hamilton - Zealllc |
Fed Hikes, Dollar, and Gold |
The
US dollar has fallen rather sharply over the past year or so,
despite ongoing Fed rate hikes. This persistent dollar weakness has
really boosted gold. There’s a fascinating interplay between these
two currencies and futures speculators’ expectations for Fed rate
hikes. These traders hang on every word from top Fed officials,
which greatly influences their trading. So these relationships are
important to understand.
In
late December 2016, the venerable UFriday, March 2, 2018 |
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| Andy Hoffman - Miles Franklin |
Shelter From The Storm |
This article was written for Miles Franklin by Gary Christenson.
Bob Dylan “Shelter From The Storm”
“I bargained for salvation and she gave me a lethal dose.”
What Storm? Why do we need shelter?
The stock market hit all-time highs in January, corrected, and might rally to new highs… or maybe not… See below.
Official unemployment is low if you believe the statistics and ignore the millions excluded from the calculations.
Inflation, according to official numbers, is low. New cars may have doubledTuesday, February 27, 2018 |
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| Adam Hamilton - Zealllc |
Gold’s Curious Sentiment |
Gold
is faring quite well today technically, though you sure wouldn’t
know it from the rampant bearish sentiment. Gold’s price is in a
strong uptrend over a year old, high in both its current upleg and
young bull market. Gold isn’t far from breaking out to its best
levels since September 2013, a really big deal. The stock markets
even finally sold off after years of unnatural calm. Yet traders
are still down on gold.
Across all markets price action drives pFriday, February 23, 2018 |
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| Clive Maund |
Gold Market Update |
Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for 5-years now, so it has major implications. Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bullmarket is simply a matter of time, and not much at that now. There has been much grumbling and muttering within the gold community about how “The Cartel”Monday, February 19, 2018 |
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| Wolf Richter |
What’s Going on with Stocks, Gold, Silver, Oil, and Mortgages |
Wolf Richter with Jim Goddard on “This Week in Money“:
Was the selloff in stocks just a brief correction or a sign of greater significance?
The dollar has fallen 12% over the past 14 months and 5.3% over the past three months, according to the 18-currency dollar index. What will the Fed do? Read… The Dollar Spirals Down, Hits Lowest Point Since 2014
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.Monday, February 19, 2018 |
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| Adam Hamilton - Zealllc |
GDX Weathers Stock Selloff |
The
gold miners’ stocks weathered the recent stock-market plunge really
well. As evident in their leading GDX ETF, they were already beaten
down before stock markets started falling. The resulting explosion
of fear bled into GDX, forcing it even lower. Nevertheless, no
major technical damage was done. GDX remained well within its
consolidation trend channel and is still within striking distance of
a major $25 breakout.
Gold
stocks’ behavior during stock-marFriday, February 16, 2018 |
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| Clive Maund |
Reminder that THE DOLLAR HAS BROKEN DOWN FROM A GIANT TOP and is at A GOOD POINT TO SHORT IT... |
The purpose of this update is to try to make sure that you remain aware that the dollar has broken down from a giant top area, and is probably headed much lower, a prospect which is not diminished by the modest countertrend rally of the past week or so. We can see this top area and the breakdown last month to advantage on the latest 4-year chart for the dollar index below. With respect to the dollar, Peter Schiff’s latest comments on it in Raising Rates Reflect Bigger Debt Not Faster Growth areMonday, February 12, 2018 |
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| Peter Schiff - Euro Pacific Capital |
Raising Rates Reflect Bigger Debt Not Faster Growth |
While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I contend that this should be widely understood as the root causes of the jittery Dow, and are ultimately far more important. A continued decline in the dollar and bonds holds the poteMonday, February 5, 2018 |
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| Jason Hamlin - Gold Stock Bull |
5 Forces That Will Drive Gold Higher In 2018 |
Gold prices are rising. They bottomed in December 2015 at $1,046, a year later in December 2016 at $1,124, and again in December 2017 at $1,241. The bull market in gold has shown renewed life, as the bull market in stocks is displaying weakness, old age, and terminal blow-off behavior.
1 – DOLLAR DEVALUATION:
Potentially the most important force pushing gold prices higher is the inevitable devaluation of the dollar. Commercial and central banks create debt by “printing” dollars from “thin air” aFriday, February 2, 2018 |
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| Andy Hoffman - Miles Franklin |
Bubbles Now and 38 Years Ago |
Thirty-eight years ago gold and silver prices spiked skyward reaching about $850 and $50 per ounce.
The decade of the 1970s was turbulent. President Nixon abrogated the “dollar-gold” agreement and allowed the dollar to float lower. Years of excessive deficit spending and “money printing” to fund the Vietnam War and social programs had created huge inflationary pressures.
The U.S. had spent far too much on wars that did not repay their costs, the dollar was falling, and interest rates rose duringWednesday, January 31, 2018 |
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| Andy Hoffman - Miles Franklin |
Dollar Destruction and Inexpensive Commodities |
Americans buy groceries with dollars. Most of the world buys crude oil with dollars. World trade depends upon dollars. That is changing but for now, it’s a fact.
SO WHAT?
If dollars weaken against other fiat currencies and against commodities, it takes more dollars to buy the same stuff. That extra-hot, sugar free, half-caf, soy latte for five bucks could be priced at seven bucks next year. Gasoline in the U.S. was $0.25 fifty years ago and now it’s ten times more expensive. Slow or fast, dollTuesday, January 30, 2018 |
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| Clive Maund |
Gold Market Update |
The key message of this update is that gold is getting closer and closer to breaking out of a giant Head-and-Shoulders base pattern that started to form back in the middle of 2013 and to point out that it won’t be stopped from doing so by any minor short-term reaction, especially as the dollar has just broken down from a giant top pattern and looks set to plummet, notwithstanding any near-term rally to alleviate its oversold condition. We’ll start by looking at the latest 8-year chart for gold wMonday, January 29, 2018 |
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