The gold miners’ stocks have slumped in January, tilting sentiment back to bearish. This sector’s strong December upward momentum was checked by gold’s own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners’ gains will likely resume soon, rekindling bullish psychology. Full Story
By: Rick Ackerman, Rick's Picks - 25 January, 2019
If you have strong feelings about how the week is going to end on Wall Street, then perhaps you don’t understand the situation. Although there was no bullish buying to speak of in the last five days, neither, evidently, was there any enthusiasm for dumping shares. The result was that the broad averages wedged a few inches higher, setting up a potential breakout that could see the Dow gain as much as 250 points ahead of the weekend. Full Story
By: Rick Ackerman, Rick's Picks - 24 January, 2019
DaBoyz more than held their own Wednesday, keeping the Dow airborne for six hours even though buying interest was practically nil. This is an achievement of sorts, and it suggests that although upside potential will be limited to whatever the stock market’s masters can milk from daily mood swings, there would appear to be little enthusiasm for a hard selloff at the moment. In such circumstances, the blue chip average, currently trading for around 24,600, could waft above 25,000 with little ado. Full Story
By: Chris Mullen, Gold Seeker Report - 23 January, 2019
Gold edged up to $1286.50 in Asia before it dropped back to $1278.70 in early New York trade and then bounced back to gains by early afternoon, but it then drifted back lower into the close and ended with a loss of 0.12%. Silver chopped between $15.432 and $15.269 and ended with a gain of 0.2%. Full Story
– David Attenborough warns Davos summit – ‘The Garden of Eden is no more’ – “If we wreck the natural world, we wreck ourselves” warns Attenborough – If we destroy our environment, it will badly impact our economies and markets – We must put the environment at the heart of our financial and monetary systems Full Story
Gold and silver are steady. Trump’s top economic advisor is looking for commitments from China for a trade deal. Uncertainties over a trade deal will prevent gold from a big sell off. Right now the trend in gold is neutral. Silver needs to trade over $1500 to be in a bullish zone. Day traders are on the sidelines. Long term investors are using sharp dips to invest in gold. Some large fund managers who have never invested in gold have started buying physical gold. Full Story
By: Chris Mullen, Gold Seeker Report - 22 January, 2019
Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.90 in Asia today and then dropped back under unchanged in late morning New York action, but it then climbed to a new session high of $1285.40 near the close and ended with a gain of 0.3%. Silver rose to as high as $15.348 and ended unchanged on the day. Full Story
– Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore – Given Brexit and Trump risk, trade wars and fragile economic growth, gold may gain 20%-25% in 2019 – Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices Full Story
Risk of a sustained Chinese slowdown is higher after the Chinese president stressed the need to maintain political stability. Jobs are the key to every nation. Increase in joblessness will create political issues in communist China. Industrial metals can fall first or the pace of rise will reduce after comments from the Chinese president. The Chinese have started/intend to start a massive infrastructure development program to create jobs. These and more job creating measures should result in the Chines economy forming a long term growth bottom this year. Full Story
– “Something wicked this way comes” warns John Mauldin – Shaky China: Chinese landing could be harder than expected – Brexit and EU Breakage: “I have long thought the EU will eventually fall apart” – Helpless Europe: If Germany sneezes, their banks and the rest of continent catches cold – We may see “yellow vests” spread globally: Economics is about to get interesting … Full Story
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