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Gold & Precious Metals

Why invest in the monetary metals and their miners if they won't defend themselves?

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Posted by Chris Powell, Secretary/Treasurer, GATA

on Thursday, 22 December 2016 08:20

gata paintingDear Friend of GATA and Gold:

The more it exposes and documents manipulation of the monetary metals markets by governments, central banks, and their agents in the financial industry, the more GATA is resented by those in the monetary metals industry who are merely touters of mining shares. 

That's because GATA tells people what they are up against when they invest in the monetary metals -- indeed, when they aspire to free and transparent markets and to liberty itself. So while there was a victory for GATA in this month's disgorgement in federal court in New York of Deutsche Bank's electronic records of market rigging by its traders and the traders of other banks, on the whole the revelations may have been a defeat for the mining industry.

Toronto market analyst and broker Michael Ballanger explained why in his financial letter this week:

https://www.streetwisereports.com/pub/na/twas-the-week-before-christmas

Ballanger wrote: "Until the regulators can finally put an end to this horrific process whereby the bullion banks have a total carte blanche to issue as many [futures] contracts as they desire under the guise of 'hedging,' prospective gold investors are simply going to say, 'Nope, not playing.' The intervention, collusion, and bank-coordinated gang attacks such as we are now witnessing via the Deutsche Bank evidence coming out is actually having a negative effect on sentiment, because as much as the revelations are creating transparency, they are also scaring prospective investors. The prevailing wisdom emanating from the trading desks is: 'Wow! If they can get away with that, why would anyone put money into the gold and silver markets?" 



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Gold & Precious Metals

Gold: The Wait For Inauguration Day

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Posted by Stewart Thomson - Graceland Updates

on Wednesday, 21 December 2016 08:16

Dec 20, 2016

  1. At this time last year, most gold investors and analysts were predicting lower prices for gold. Many of them were shorting it.
  2. The shorts were obliterated, because gold bottomed the day after the December 2105 FOMC meeting. It soared about $330 an ounce, from about $1045 to above $1375. 
  3. It’s been said that history doesn’t exactly repeat, but it does rhyme. On that note, please  click here now. Double-click to enlarge this daily bars gold chart.
  4. Gold has a cyclical tendency to decline ahead of a rate hike, and rally after it is announced. 
  5. This time, the US election may delay the rally, but create one that is bigger and more sustained than the rally of 2016. Here’s why:
  6. Republican parties have cyclically been associated with significant US dollar downtrends. The next presidential inauguration occurs on January 20, 2017. 


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Gold & Precious Metals

Federal Reserve and Stronger Real Rates Cause Breakdown in Gold

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Posted by Jordan Roy-Byrne - The Daily Gold

on Monday, 19 December 2016 08:07

Gold and gold mining stocks were setting up for a rebound until the market suddenly priced in tighter policy from the Federal Reserve. Both nominal and real yields surged and that pushed an already oversold sector below key support. Gold lost support in the mid $1100s while gold stocks (GDX) lost a critical support level. While the sector is oversold and likely to rebound as 2017 begins, the primary trend remains lower.

Our first chart plots Gold and the real yield on the 5-year TIP security. The US Treasury provides daily data and it gives us a look at day to day changes in real yields. The real 5-year tips year yield closed last week at an 11-month high. Stronger real yields hurt Gold’s desirability as an investment. This is why Gold and gold stocks have sold off.

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Gold & Precious Metals

Gold: Tactics After US Rate Hike

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 16 December 2016 06:34

gold right

Gold, Silver, & T-Bonds Video Analysis

Precious Metal ETFs Key Charts & Tactics Video Analysis

SF Trader Time Key Charts & Tactics Video Analysis

SF Juniors Key Charts & Tactics Video Analysis

(double click links and chart to enlarge and listen to analysis)

Thanks,

Morris

 

About Super Force Signals:
Our Surge Index Signals are created thru our proprietary blend of the highest quality technical analysis and many years of successful business building. We are two business owners with excellent synergy. We understand risk and reward. Our subscribers are generally successfully business owners, people like yourself with speculative funds, looking for serious management of your risk and reward in the market.

Frank Johnson: Executive Editor, Macro Risk Manager.
Morris Hubbartt: Chief Market Analyst, Trading Risk Specialist.

website: www.superforcesignals.com



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Gold & Precious Metals

The Good, The Bad, and The Ugly

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Posted by Avi Gilburt - Elliottwavetrader.net

on Wednesday, 14 December 2016 06:26

First published Sat Dec 10 for members:  Almost daily, I am asked if I think the complex will see lower lows below those seen in the previous  January and December.  My answer has been and remains the same and I will explain to you what I am seeing that still keeps me in that perspective.  And, I will also explain what does sway me into thinking I may be wrong.  You will then have all the information I am seeing and you can make your own assessments.

Now, I want to start out by saying that, as a long term investor in this complex, with a horizon of 2-3 decades in front of me, I secretly wish for lower lows to buy at even better prices.  But, I can wish all I want, yet the weight of evidence is still suggestive to me that the bottom has been seen.

Support For Bottom

1.   As you know, I am an Elliottician.  And, as an Elliottician, I look for a completed number of waves in one direction, followed by a 5 wave move in the opposite direction to suggest that the market has changed trend.  While this is not a certainty, it does strongly suggest a change in direction.  And, that is what we have seen in the metals market over the last 5 years.  We have what can be a completed a-b-c structure to the downside followed by a 5 wave rally in 2016 off those lows.



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