One of the “tells” which indicate the fundamental underpinnings are in place for a big move in the sector is the escalation in the frequency and intensity of price manipulation on the Comex. The banks have been significantly enlarging their net short position in gold contracts plus the volume of PNT and EFP transactions (Privately Negotiated Trades and Exchange For Physicals) has increased substantially over the last couple of weeks. There’s a high correlation between the volume of PNT/EFP transactions and the price-capping efforts exuded by the Comex price-action. Full Story
By: Adam Hamilton, CPA, Zeal Research - 7 June, 2019
The bottom line is gold just surged near a major bull-market breakout. The $1350 resistance zone that has vexed gold for years is once again within easy range. All it will take to drive gold to new bull highs over $1365 is sustained investment buying. And that’s not a tall order with the stock markets starting to roll over again after record highs. GLD just enjoyed its biggest daily build in several years this Monday.
Once gold gets to new bull-market highs, psychology will shift rapidly in its favor. Gold financial-media coverage will soar, and will be overwhelmingly positive. This will motivate investors and speculators alike to shift capital back into gold to chase its upside momentum. The potential gold and gold-stock gains with sentiment turning favorable are massive. It’s best to get deployed before gold’s breakout unleashes this. Full Story
How the Gold/S&P 500 ratio performs will inform us on the sustainability of that move. It will tell us if it’s just a rally or the start of a real bull market.
The gold stocks are nearly as historically cheap and hated as they’ve ever been. They could make quite a run on a clean breakout in Gold through the wall of resistance at $1375/oz, which we think is more likely than not. Full Story
This begs many questions. Which is the “correct” narrative? Do we have to guess? Is there any way we can really know? How can we objectively test which is the correct narrative? Could both narratives be wrong? Could both narratives be right? How do I use this information prospectively rather than trying to fit it retroactively? Full Story
Trump needn’t have wheedled the Fed about juicing the money supply, since the banksters, ever eager to ride to the rescue -- of themselves -- would have done it anyway. The alchemists at the central bank have once again begun to “manage” our “expectations” with all the subtlety of a carnival barker about to spin a Big Six wheel. Their loyal spinmeisters at The Wall Street Journal gave this latest feint toward QE a boost Thursday with the headline Fed Begins Debate on Whether to Cut Rate as Soon as June. Debate, my ass. To merely hint of a rate cut is to commit to one irrevocably, since anything less would — heaven forbid! — disappoint investors. Full Story
The ratio has made another breakout and is likely to go higher quickly . There is no certainty when the crisis would hit; however, it will come some time during the rally and after/during the stock market crash. Physical gold and silver will likely be key assets during this crisis. Full Story
By: Chris Waltzek Ph.D., GoldSeek Radio - 6 June, 2019
• Virtually every asset class was inflated by profligate monetary policies and various fiat schemes. • The global economy could be on the cusp of a 2nd Great Recession due in part to protectivist trade barriers. • Fed policymakers may have lost their favorite method of ringing liquidity from the global financial system. • The perpetual debt accumulation system may mark the tipping point of galloping inflation. • Consumer's experience ever declining purchasing power and higher cost of living expenses. Full Story
Although oil prices and Treasury yields have been falling an anticipation of a widely advertised economic slowdown in Europe and China, U.S. stocks are rising as though boom times lie ahead. What is going on?? It would appear that bulls simply cannot control themselves when there is talk of Fed easing. The prospect of QE3 has been in the news lately, driving a short-covering rally that has pushed the Dow Industrials up by more than 700 points in the last two days. The move lost a little power on Wednesday, but it is unlikely to fade much more with the weekend approaching. If DaBoyz can sustain altitude on Thursday, odds are good they will be able to break a six-week losing streak in the broad averages. Full Story
We are now facing “peak gold” where gold production from here-on will keep falling. The experts agree the industry is seeing a significant slowdown in the number of large deposits being discovered. It used to be that major gold miners were looking at 5-million ounce projects to buy and develop; now they’d be happy with a million ozs in the ground.
One of the most well-respected CEOs in the industry, Mark Bristow, who headed Randgold before it merged with Barrick, remarked on the tight gold supply in a recent interview with The Northern Miner. Asked to comment on how the gold industry could look in five to 10 years, Bristow had this to say.. Full Story
Over the years, I have published many price trend change expectations which have hit quite well. Some examples include the top to gold in 2011 at 1915 (with gold topping at 1921), the bottom in the dollar in 2011 (with an expectation of a multi-year rally to within pennies of our target struck six years later), many major turning points in the S&P500, and many other calls throughout the last 8 years I have been publishing my market calls. Full Story
By: Stewart Thomson, Graceland Updates - 5 June, 2019
- President Trump unleashed a huge corporate tax cut early in his presidency, and that was very positive news for the stock market. Since early 2018 though, he clearly reversed course on taxes and has donned a ghoulish “Super Tariff Taxes Man” cape.
- Trump now seems emotionally obsessed with tariff taxes, QE, rate cuts, and appears to have made no effort to reverse the massive growth in government size and debt.
- US population demographics are not good. An ageing population is now trying to wall in an entitlements-oriented political system that depends on the dollar as reserve currency to keep it solvent. Full Story
Every dog has its day, and Tuesday’s vicious short squeeze was a pooch-lover’s delight. DaBoyz even managed to goose Tesla for a 9% gain. Although that won’t be nearly enough to reverse the death spiral in the automaker’s shares, it will suffice to spook traders who have been shorting the stock with impunity for the last couple of months. Full Story
Trading volumes will be very less in Asia and even in Europe due to “Eid”. There has been lots of news which gives a sense that precious metals are about to move away from the shackles of continued manipulation. I am hopeful that gold and silver will draw more and more short-term investors as well as medium term investors. Full Story
The Precious Metals sector has broken strongly higher in recent days, with silver breaking out of its downtrend just yesterday, when the fundamental reason for this move emerged – the Fed has let it be known, via the St Louis Fed governor, that they are going to drop rates soon. This is clearly a panic move triggered by the stockmarket breaking down below key support – the intention is to head off a stockmarket crash, but it looks unlikely to succeed because they have much less room to drop rates than they had back in 2008, however, what they are likely to succeed in doing is breaking the dollar down into a severe bearmarket, and a storm is already bearing down on the dollar due to the accelerating global trend to dedollarize which has been given added urgency by the US administration’s overt bullying of enemies and allies alike by means of sanctions, tariffs and in some cases the threat of military action. This is why gold has been rallying, and this time it does not look like it will be a false dawn – instead it appears to be the start of a major breakout drive that will see gold launch out of its gigantic 7-year long base pattern by breaking out above key resistance at the $1400 level, a development that we have been anticipating all this year. Full Story
Gold is honing on $1,329.20 area resistance. August gold is looking impressive. $1,336 is the next objective. This market is possibly showing an important, watershed moment -- this has an energy that it has not had in a very long time. Is the market overbought? Yes: (video update) Full Story
London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.
The release of these EUR and GBP-denominated debit cards will cement Kinesis’ position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis’ clients in the UK and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. Full Story
The bond market is flashing a recession signal and it could be good for gold. Win Thin, head of currency strategy at Brown Brothers Harriman, told Bloomberg that “if the U.S. goes into a recession, then the Federal Reserve cuts rates and the dollar’s yield advantage evaporates.” A weaker dollar is historically positive for gold, and the latest tariffs are another sign that the Fed could cut rates. Full Story
Gold faces key resistance at $1339.10. Gold needs to break and trade over $1339.10 to rise to $1353 and $1374. Sell off will be there if gold does not break and trade over $1339.10. Speculation of interest rate cuts by the Federal Reserve will be bullish for gold and silver. Momentum is very bullish. Today and tomorrow are very crucial days for continuance of bullish trend. Full Story
By: Chris Waltzek Ph.D., GoldSeek Radio - 3 June, 2019
- Our guest insists that a 2nd Great Recession, circa 2009 could unfold if policymakers continue with the current rate cycle. - The market will front-run rates lower following the Fed Funds Futures contracts as soon as December / January. - This scenario virtually guarantees a stock market reaction and economic contraction. - The host finds this line of reasoning plausible, however, cautions listeners to maintain portfolio discipline. - Empirical evidence proves that the expected returns of portfolio investment-strategies surpass that of market timing strategies. - While Wall Street applauds the stock rally of 2019 as one of the most impressive, the host suggests a competing viewpoint. Full Story
Many investors who have followed bullion’s bear market closely since prices peaked eight years ago just above $1900 seem to get their hopes up every time gold rallies moderately. Disappointment has invariably followed, and then something worse as prices receded back into a rut. And yet, quotes have been too stubbornly buoyant for bears to triumph. Gold has been in a holding pattern for six years, defying predictions of a plunge below $1000 to shake out weak hands once and for all. It is a consolidation to be endured — but also closely watched, so that we do not mistake the start of a bull market for yet another tiresome and vexatious head fake. Full Story
By: Chris Waltzek Ph.D., GoldSeek Radio - 2 June, 2019
- Our guest notes the Wall Street adage, "Sell in May and Walk-away..." where investors look for bargains later in the year. - Peter Schiff expects a bear market to overtake US equities. - The trade skirmish between the US and trading partners, especially China is the root cause. - Investors are advised to expect two quarters of back to back negative GDP growth resulting in an economic slowdown. - Chris Waltzek compares the low Fed balance sheet of $500 million before the Great Recession with the current $4 trillion. Full Story
The market is now in position to crash. This is not something that will arrive as “a bolt out of the blue” – it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page makes clear that a giant top started to form with the January 2018 peak, which means that it has been setting up for a bearmarket for fully 16 months now... Full Story
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