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Gold & Precious Metals

Gold Stock Candlesticks: Who's The Boss?

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 27 October 2017 06:29

Today's videos and charts (double click to enlarge):

 

SFS Key Charts & Video Update

bn1



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Gold & Precious Metals

Test Drive the HRA Journal for Only $7

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Posted by MoneyTalks Editor

on Thursday, 26 October 2017 18:34

eric

Michael has twisted arms again over at Eric Coffin's HRA newsletter and arranged for a fantastic opportunity for you to try a 3 month subscription for only $7 - that is only 10% of the regular price.

Eric's list of winners over the past two years is impressive - takeouts like Silvercrest (SVL), Reservoir (RMC) and Kaminak (KAM) - base metals runs like Excelsior (MIN) and much much more.

Take a spin - it's only $7!

CLICK HERE for the exclusive offer



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Gold & Precious Metals

Gold Intermediate Cycle in Decline

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Posted by Gary Savage - Smartmoneytracker

on Thursday, 26 October 2017 06:46

Gold has now confirmed it is in an intermediate cycle decline. It is making lower highs, lower lows and trading below its 10 day moving average. I suspect this decline will not bottom until sometime in December as we are early in the current daily cycle and sentiment is still dead neutral.

 

 

https://blog.smartmoneytrackerpremium.com/



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Gold & Precious Metals

2017 Was The Year Of Gold's Consolidation, So What Will 2018 Present?

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Posted by Avi Gilburt - ElliottwaveTrader.net

on Wednesday, 25 October 2017 06:36

One of the most frustrating charts to trade during 2017 has been almost any chart in the metals complex. In fact, if you speak to most metals investors, you would almost think that they have incurred a huge loss in 2017.

But, that is far from the truth. In fact, since we caught the low around 107 in the GLD at the end of 2016, we have seen it rally almost 20% off those lows when it struck its 2017 high back in early September. As I write this article, we are still 13% off those lows. 

Even though we still have seen a nicely positive year for GLD to date, the sentiment is one of despondency and despair. You see, the complex has had multiple opportunities to strongly break out during 2017, but has failed to reach escape velocity despite several set ups to do so. And this has likely caused the negative sentiment pervasive through the market, despite the positive return year. In fact, the best categorization of the sentiment I am seeing in the market is indifference.

But, in order for us to develop the appropriate sentiment which will finally set us up to develop escape velocity in the complex, we will likely have to drop again into the end of the year, and begin to hear claims of $1,000 gold and lower. And, to be honest, many of those calls have already begun. 

Lastly, I want to bring up one more issue I have addressed in the past, as I have been getting a lot of questions about it recently. For those that are looking for a long term vehicle within which to invest should we see the bigger pullback I am looking for in the complex, I would avoid using the GLD (as I see it as more of a trading vehicle), and I have explained why in detail in this webinar.

Price pattern sentiment indications and upcoming expectations



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Gold & Precious Metals

Money Velocity: Historic Upturn Nears

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 24 October 2017 06:21

Oct 24, 2017

  1. The Federal Reserve and other central banks have piled up huge reserves. But there is no inflation because the money is sitting within the banks and they are not lending it. Therefore, you don’t get a multiplier effect.” -Pierre Lassonde, gold expert, interviewed by Finanz and Wirtschaft News, October 2017.
  2. Because the world’s major central banks have moved so slowly to transition from QE and rates near zero to QT and higher rates, the huge bear markets in money velocity in Western countries have not ended.
  3. Most Western gold bugs are more focused on gold stocks than bullion, and are eagerly awaiting a turn in money velocity that will usher in a new and lasting era of inflation.
  4. The bad news is that Janet Yellen initially lied about the pace of rate hikes. She has moved vastly slower than promised, and that’s kept money velocity (and gold stocks) in the “dumpster”.
  5. The good news is that the US central bank finally appears ready to increase the number of rate hikes per year. The plan is for three in 2018 and perhaps four in 2019. 
  6. It’s possible that she is lying again, but I don’t think so, mainly because of progress China is making with OBOR (The gargantuan “One Belt One Road” infrastructure program).
  7. Please  click here now. There are rumours that Janet Yellen cut a secret deal with the Chinese government behind the back of her own Fed governors when she started hiking rates. 


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