By: Adam Hamilton, CPA, Zeal Research - 1 June, 2018
The major silver miners’ stocks remain deeply out of favor, languishing near multi-year lows. Of course that reflects investors’ lack of interest in silver itself. It has greatly lagged, not following gold higher like usual over the past year and a half. That’s really torpedoed silver-stock sentiment, making for a challenging environment for silver miners. But they’re weathering it as their recently-released Q1’18 results show. Full Story
The great majority of market participants believe that "the fate of markets is inextricably intertwined with the ebb and flow of geopolitics." So, if I share with you “secret” news that will hit the wires next week, you should be able to make a killing with such information. Right?
While I strongly disagree with this proposition, at least based upon my in-depth study of decades of stock market history, this perspective is so engrained in the investment process of advisors and analysts alike that it is followed even more than the Bible.
Featured is the weekly gold chart. The green arrows point to ‘upside reversals’, developing after price dropped below the 50WMA. The blue arrows point to a positive follow-through, following an upside reversal. A similar situation back in December enabled gold to rise for 5 out of 6 weeks! The current rise has the potential to jump above the $1365 resistance area with a target at $1395. The RSI is neutral, but the A/D line is positive. Full Story
The Dow Industrials held up surprisingly well on Thursday, considering the scary news about tariffs. Two months ago, talk of a global trade war sounded like just another ginned-up story from a news media desperate for headlines. In fact, however, Trump’s latest levies, which effectively cancel existing exemptions for steel and aluminum imports from Canada, Mexico and Europe, are sufficiently punitive to have provoked an instant, $12.8B retaliation by Canada. It was characterized as “the strongest trade action Canada has taken in the post-war era” and will take effect on July 1, matching the U.S. levy dollar-for-dollar. Full Story
US president Donald Trump every now tweets policy changes first and later informs the press or media. He is Nerd American president who whose tweets and policies treats American friends and foes on the same footing. The intent of the Trump’s policy to “make America great again” is appreciable. But his ways to communicate has made him the punters favorite. Full Story
The western world has ignored economic realities for decades. It’s not a Republican or Democratic problem. Banking, power, fiat currencies, dishonest money and transfers of wealth are the issues. The consequences of ignoring reality are uncomfortable and dangerous. However, most people prefer palatable, easy to digest and believable stories. Full Story
By: Ryan Wilday, Elliott Wave Trader - 29 May, 2018
In short, we have the first condition met for an important trade set-up and lasting bottom, mentioned in my article on May 10 — a deep-enough correction to wash out sentiment and stoke weak hands to sell. Now, we need to see bulls take control, and witness this in impulsive price action that takes out resistance. Full Story
The best performing metal this week was platinum, up 1.50 percent on expected Chinese demand for the metal, where demand for heavy-duty emission legislation will come into play by 2020. Bloomberg’s weekly survey showed that gold traders and analysts are divided on their outlook for bullion prices for next week. The yellow metal rose higher this week amid mounting geopolitical tensions and talks of tariffs on automobile imports. Full Story
The financial system and QE-oriented gold fear trade is alive but on the back burner. There’s a new generation of gold bugs in the Western gold community who understand that inflation is coming and will be here to stay. The love trade and the inflation trade will form the backbone of the bull era. Eager investors around the world who know this is true are now aggressively accumulating portfolios of gold stocks, in preparation for decades of upside fun! Full Story
“In view of the three major turns of the tide discussed in this year’s edition of our In Gold we Trust report, we are quite confident regarding the prospects for gold. Once the consequences of the recent turn of tide in monetary policy become obvious and the threat of recession looms on the horizon, demand for gold as a traditional safe haven is bound to return”, notes Ronald Stoeferle in summarizing the insights of this year’s In Gold we Trust report. Full Story
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