By: Adam Hamilton, CPA, Zeal Research - 15 February, 2019
The bottom line is gold-stock mega-mergers are bad news for everyone in this sector. Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year. The resulting super-majors’ massive market capitalizations saddle their share prices with big inertia. They are going to require much-larger capital inflows to rally materially, really retarding their upside.
Their higher weightings within sector ETFs will lead to worse perceived sector performance, delaying the necessary sentiment shift from bearish back to bullish. And the super-majors will suck up more of the capital allocated to gold-stock ETFs, starving smaller and more-worthy gold miners of buying. Thankfully some of these problems can be avoided by shunning Newmont and Barrick, and sticking with great mid-tier miners. Full Story
The risks and drawbacks of centralization to the global financial system are well known, however there has never been much of a real alternative – until now.
With the proliferation of mobile phones and internet access, as well as the development of decentralization technologies like the blockchain, it may be possible to build an entirely new financial system.
By: Rick Ackerman, Rick's Picks - 14 February, 2019
Stocks had trouble staying aloft Tuesday after rocketing higher a day earlier. Although the Dow finished with a 117-point gain, it was up by more than 200 in the early going and probably would have finished in the red if sellers had been less timid. There were other signs of heavy distribution. For one, AAPL’s sly handlers opened the stock on the high of the day, trapping bulls before pulling the plug. Full Story
So where are we today? I would suggest that using the 2007-2009 bear market as a reference we are somewhere in early 2008. We have had the first shot down, but the big declines don’t come until maybe later on in 2019 or into 2020. One could try and trade the upcoming decline over the next few months, but realize it’s probably not the big move. Don’t spend all of your mental capital on the next move, instead prepare yourself for the big one. Full Story
The next two years will be rewarding for precious metal investors. While it will be possible to accumulate fiat through aggressive trading, your best strategy remains the consistent acquisition of physical metal. And owning real, physical gold and silver is easy! It can be held at a trusted gold bullion storage company or in your own, personal safe. You can hold it in gold bullion coins or silver bullion bars. Take your pick. Just be sure that you regularly acquire physical metal as central bank policies turn and this new bull market in precious metals continues. Full Story
Gold continues to hold in key support zone of 18-Day Moving Average of Closes. $1319.15 will help gold bull (could be) $1,330+, China buying more gold again. Supportive of the gold market.. (video update) Full Story
By: Jordan Roy-Byrne CMT, MFTA - 13 February, 2019
The bottom line is if GDX, GDXJ and Silver can maintain the lows from last week and firm up against the S&P 500 then they are likely going higher. If those lows break convincingly then look for a longer and deeper correction.
Essentially, should a bullish consolidation develop, we will prepare to put more capital to work. If not, then a deeper and longer correction is more likely which means we can be patient. Full Story
By: Stewart Thomson, Graceland Updates - 13 February, 2019
In the current big picture, I’ve suggested that rate hikes, QT, QE, and rate cuts are all win-win for gold. Rate hikes put pressure on the stock buyback programs and help push the QE money ball in the commercial banking system. That’s inflationary.
Rate hikes also put pressure on the US government’s ability to finance itself. That’s positive for gold. Full Story
By: Rick Ackerman, Rick's Picks - 13 February, 2019
The Indoos stalled Monday almost precisely at the 25,440 midpoint Hidden Pivot shown. Buyers subsequently gave up almost no ground, setting up a likely move past the resistance on Wednesday. If it’s decisively exceeded, that would all but clinch more upside to the 25,998 target. Full Story
USA is coercing every nation not to use Huawei5G or any of Huawei telecom gear. USA is now using the threat of trade sanctions on nations using or intend to use Huawei telecom gear. This will be short term bullish for US dollar but in the long term it will sink the US dollar. I will prefer to accumulate more and more physical gold on dips. Better to increase portfolio allocation to hard assets now. Full Story
Central banks bought 651.1 tons of gold last year, the second highest annual total on record and up 74 percent from the year earlier, according to the World Gold Council. Goldman Sachs predicts that central banks will continue to be big purchasers of gold in 2019 due to elevated geopolitical tensions and less pressure on emerging market currencies. A model the company uses shows that central banks will purchase around 650 tons of the yellow metal this year – the same level as 2018. Many central banks could be purchasing gold on concerns that the U.S. is using the dollar to exert its dominance on the global financial system, writes the New York Times. Azerbaijan’s sovereign wealth fund is looking to nearly double its holdings of gold in 2019 to 100 tons, just after going five years without buying any prior to last year. Executive Director Shahmar Movsumov said in an interview that “we would not want to have something that is not someone else’s credit risk.” Full Story
By: Rick Ackerman, Rick's Picks - 11 February, 2019
This will always be possible, since it is not the health of the economy that drives the markets, but the other way around. For it is purely cyclical forces cause stocks to rise and fall, often mysteriously. When shares are rising — manifestly for no good reason — this energizes and lubricates the gears that make the economy hum. The effect is mainly psychological; it is a change in attitude and perceptions caused by rising stocks that brings the economy back to life. Full Story
By: Chris Waltzek, GoldSeek Radio - 10 February, 2019
- Gerald Celente returns from the Trends Research Institute and Globalnomic® Trend Forecaster with key insights. - Venezuela is on the verge of chaos as President Maduro faces a coup and perhaps even pressure from US military forces. - Already over 3 million people have fled the nation. - A key method of transferring their wealth remains gold and cryptos, underscoring the significance of safe haven investing. - Some pundits suggest caution as key BRICS nations also seek maintain oil interests in the country and surrounding nations. - Mr. Celente fears most of S.A. could face implications for the citizens in the region. - The duo concur that the Fed has finished the QT rate hike cycle and will likely return to monetary expansion / QE operations.... Full Story
The macro is in motion now with gold regaining some of its mojo because the macro fell apart in Q4 2018. The relief was always going to come and it is here. The key will be whether it remains just ‘relief’ or re-bulls into something more.
If it is just a final kiss goodbye for the cyclical, risk ‘on’ world, some of the as yet un-triggered bull signals will likely trigger for the gold sector.
If the cyclical world re-bulls well, party on Garth, party on Wayne and send the gold bugs back to Pallookaville. Full Story
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