By: Adam Hamilton, CPA, Zeal Research - 19 July, 2019
The bottom line is the gold miners’ just-starting Q2’19 earnings season should prove impressive. That’s no thanks to gold, as its awesome bull-market breakout came too late last quarter to push its average price significantly higher. But the gold miners are still likely to collectively report sharply-higher Q2 output, which is normal after Q1’s deep production slump. That will also naturally lead to proportionally-lower costs.
Growing production combined with lower costs at slightly-higher gold prices should yield big profits growth for the gold miners. Their Q2 results will be more closely watched and better received since psychology is shifting much more bullish in this sector. That should fuel big gold-stock buying as long as gold holds up. The yellow metal has proven resilient so far, but faces an ominous overhang of gold-futures selling pressure. Full Story
Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with his view on why gold is the "go to" asset of the next decade. Bob Hoye notes authoritarian forms of governance are struggling to salvage the global economy using outdated draconian economic measures. He and his colleague define 3 key measures of market bubbles: momentum, pattern and sentiment. Full Story
I am not forecasting a major new bull market, but I am and have been managing a bull phase for the precious metals and with silver finally getting on its horse this week momentum (surely to be interrupted by violent pullbacks and swings) is kicking in. Full Story
For years, gold’s corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr. Market has not obliged. Instead, retracements have been shallow and rallies steep. The latter have often occurred after-hours, but in one recent instance via a trampoline bottom that came early in the day. Full Story
By: Steve St. Angelo, SRSrocco Report - 18 July, 2019
After gold broke above a critical resistance level, held for the past five years, precious metals’ investors are now wondering, “what’s in store for silver?” While gold surged from $1,340 to $1,440 in just one week last month, silver only went up a mere $0.70. Thus, the Gold-Silver ratio increased from 89/1 to 94/1, in the same five-day period. So, the BIG QUESTION many precious metals investors are asking, “Is silver going to follow gold’s move higher?” And, in several price trends in the past, silver does follow gold higher but also outperforms the yellow metal in the later stage. Full Story
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Full Story
Gold bias is up, daily chart shows a congestion period trying to figure out what to do next, just at the 18-DMA support. Volatility has come out of the market.
Furthermore, Bitcoin permabears such as Roubini and Schiff should loudly renew their assertion that Bitcoin is a scam and/or a bubble. And these assertions should gain support and become louder as Bitcoin drops down to its ideal retracement target between $5,523 (.618 retracement) - $7,857 (.328 retracement). Full Story
Zuckerberg has all but begged regulators to tell him what he must do to make them happy. Obviously, he is confident he can get around any new rules while seeming to obey them. But we are all clueless as to how we might rein in Facebook. Zuckerberg has allowed that Facebook, with nearly two billion users, is more like a government than a company, but a corrupt government bent on fooling the masses can only envy the enormity of his success. His stated goal from the start was to become "dominant. Is it even possible to mean that in a good way? Full Story
Finally, analysts at Alpine Macro see the beginnings of gold’s “third great bull market of the post-war period.” A rate cut by the Fed could set in motion a multi-year bear market in the dollar, analysts write, which is very supportive of gold. With the recent technical break above $1,400, “new all-time highs for gold should be seen in the coming years,” the research firm writes. Full Story
According to data compiled by Bloomberg, the iShares Silver Trust had its best week in a year and hasn’t seen any outflows so far in July. Plus, the fund had its biggest monthly inflow since 2017 in June. Bloomberg’s Colin Beresford writes that silver has benefitted from haven demand as major central banks respond to weakening economic growth with a more dovish stance. The gold-to-silver ratio was at 93 this week, just shy of the high of 100 reached in February 1991. Full Story
Of all the lies we read reported without question by the news media, one of the most egregious is that of China’s GDP is still running hot at over 6% annually. It’s an astonishing number for such a large economy and even more incredible during a global economic slowdown. With semiconductor sales crashing, alarm bells being rung by courier companies and freight, and China auto sales crashing as a backdrop during a trade war, we are being treated to fantasy GDP prints of current and expected growth over there that border on the absurd. All good wars are fought with propaganda of course and this one will be no exception. Full Story
By: Chris Waltzek Ph.D., GoldSeek Radio - 15 July, 2019
- Few asset classes will endure the economic storm ahead, however, safe havens include gold, silver, PMs shares and cryptocurrencies. - Despite the remarkable increases in modern productivity given quantum leaps in access to technology and information, living standards are sagging. - Incomes have not matched increases in the cost of living. - The duo concur that the erosion of the standard of living is directly correlated to profligate money expansion, which acts as a reverse "Invisible Hand." - Both the guest/host advocate diversification of asset classes, increasing the weighting of safe haven, hard money assets in the coming years to shield wealth from potential economic volatility. Full Story
The U.S. is not an economic island, and GDP growth is certain to slow as America’s major trading partners sink into recession. It seems predictable nonetheless that U.S. stocks will continue to move higher, at least for a while, for the reasons noted above. This will occur with further softening in interest rates and GDP falling. Wall Street may be able to pretend for yet another few months that the U.S. will skirt recession. But when rates on Ten-Year Treasurys drop below 1% and head into negative territory sometime in 2020, the jig will be up. Full Story
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