Here we go again. The Fed evidently has begun “conditioning” our “expectations” for a new season of quantitative easing. Fed Would Consider Interest-Rate Cuts if Growth Outlook Darkens is the headline atop a news story concerning a NYC panel discussion moderated by the central bank’s vice-chairman. This is just what Wall Street and other promiscuous abusers of credit have been praying for lately, along with the Trumpster. We’ve come a long way policy-wise, baby! How many months ago was it that some Fed party pooper was dropping hints about another round or two of tightening in 2019? Full Story
By: Chintan Karnani, Insignia Consultants - 31 May, 2019
Every condition is ripe for gold to rise to $1350 and further $1500. There is manipulation by vested elements. Once these rogue gold bears face a gold tiger bull then gold price will see a parabolic rise. Full Story
Although I usually let my charts tell me where stocks are headed next, the ‘technicals’ are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May’s peak now sits 10.5% away. It’s certainly do-able, but I doubt buyers have the moxie to turn things around as sharply as they did in December. Full Story
Gold on the August contract now in focus - higher highs, higher lows. Support around $1270 area, if break $1277.50. If a bear trap occurs, next few days gold would need to break $1306-1309: video update. Full Story
Citi upgraded Newmont Goldcorp to a buy and said that it offers “superior value” versus its peers in a challenging market, reports Bloomberg. The bank also downgraded Barrick to neutral. Giant Barrick Gold Corp. is proposing it buys the shares of Acacia Mining Plc that it doesn’t already own at a discount. The proposal implies a valuation of $787 for the entirety of Acacia, which is well below current market capitalization of $832 million. Barrick’s last no premium offer for Newmont back in February was withdrawn after just 17 days, as investors thumbed their nose at the offer. Will a discounted offer win the day? Not likely. Full Story
The Spec gold bears are getting excited about a potential downside move in gold, however strategic serious money is moving into gold. Gold is the long play, permanent money recognizes this and is positioning itself. One should ask oneself which group should you be in?
It is important to understand that the PM sector is the opposite side of the coin of the general stock market. This is because of the time tested principle that gold’s real price declines in a financial bubble and rises as the bubble deflates. We can see from the above analysis that the bubble is beginning to degrade. We see this in the stock market, the commodities and the general economic data. Gold is on the opposite side of this equation and has been establishing a base for the upcoming bull market associated with a post bubble contraction.
Presently the stocks are still struggling to put in a bottom and have not yet made the turn. Newmont, however appears to have done so.. Full Story
By: Chintan Karnani, Insignia Consultants - 28 May, 2019
The second phase of gold reforms is on the government’s priority list and an action plan, prepared by the economic affairs department and commerce ministry officials while the country was in election mode, will soon be announced. The measures include a revamped gold monetisation scheme (GMS), treating gold as an asset class, setting up the gold board as regulator, and forming a domestic gold council as the policy advisory body, said sources. Full Story
By: Chris Waltzek Ph.D., GoldSeek Radio - 27 May, 2019
- The Soviet astronomer Nikolai Kardashev quantified the technological advancement of civilizations based on energy. - Three categories, Type 0, I, II, and III comprise the scale. - According to physicist and futurist Michio Kaku earth is predicted to reach - Type I status in 100–200 years. - The host predicts Type II status in 1,000+ years, and Type III status in 100,000 1 M. years (Waltzek, 2019). - A Type II civilization, a stellar civilization encompasses the total energy of the star or a Dyson sphere. - Dyson spheres transfer the bulk of the energy output to the Type II civilization... Full Story
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