You may have heard that gold typically rallies seasonally from themiddle of the year. This trend is driven by jewelry demand, which increasesahead of the Christmas business, the Indian wedding season and the Chinese NewYear celebrations on the back of advance purchases by jewelers, which tend to putupward pressure on prices. But what about the seasonal trend in gold stocks? Since the earnings ofgo...Read More
Gold and silver markets advanced early thisweek, with silver leading the way. OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high. Silver finally broke through $19 level with astrong close above it on Monday. Therehasn’t yet been...Read More
It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
You may have heard that gold typically rallies seasonally from themiddle of the year. This trend is driven by jewelry demand, which increasesahead of the Christmas business, the Indian wedding season and the Chinese NewYear celebrations on the back of advance purchases by jewelers, which tend to putupward pressure on prices. But what about the seasonal trend in gold stocks? Since the earnings ofgo...Read More
Gold and silver markets advanced early thisweek, with silver leading the way. OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high. Silver finally broke through $19 level with astrong close above it on Monday. Therehasn’t yet been...Read More
It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
You may have heard that gold typically rallies seasonally from themiddle of the year. This trend is driven by jewelry demand, which increasesahead of the Christmas business, the Indian wedding season and the Chinese NewYear celebrations on the back of advance purchases by jewelers, which tend to putupward pressure on prices. But what about the seasonal trend in gold stocks? Since the earnings ofgo...Read More
Gold and silver markets advanced early thisweek, with silver leading the way. OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high. Silver finally broke through $19 level with astrong close above it on Monday. Therehasn’t yet been...Read More
It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
By: Gary SavageGold traders were conditioned to trade through the churning phase. Gold is currently in the phase where those kicked out of the market, still are not sure what to do, they are still out -- and when they jump back in, we should have our intermediate cycle top:http://blog.smartmoneytrackerpremium.com/Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
* Graphic: World FX rates in 2020* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)By Elizabeth HowcroftLONDON, July 20 (Reuters) - The pound rose above $1.26 onMonday and recovered from an early-morning 20-day low againstthe stronger euro, but investors remained bearish as Britain'sbleak economic outlook and Brexit risks weighed on the currency.Since Friday, European Union lead...Read More
With government imposing mandatory suspensions of non-essential business in some places around the world, the majority of the mining sector continues to operate uninterrupted with the exception of adhering to CV19 protocols. Meanwhile, the gold price continues to hold strong at or above $1,800/oz. and has been very buoyant after sell-offs. Additionally, silver seems to be confirming the breakout...Read More
By: Gary SavageGold traders were conditioned to trade through the churning phase. Gold is currently in the phase where those kicked out of the market, still are not sure what to do, they are still out -- and when they jump back in, we should have our intermediate cycle top:http://blog.smartmoneytrackerpremium.com/Read More
David HaggithGoldman Sachs, JPMorgan, and BlackRock Financial Management are stacking up wealth like never before, thanks to the Great Recession 2.0, a.k.a. the Second Great Depression. Yet, the Fed maintains its recovery plans do not create wealth disparity.Fed-hawk Ron Paul wrote this week,Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that t...Read More
Gold is the ultimate international currency.All over the world, gold has been money for thousands of years. Federal Reserve counterfeiting is showing the world (once again) as to why this is so.Watch Friday's Liberty Report below:Read More
Richard (Rick) Mills, Ahead of the herdThe US economy continues to flounder like an East Coast freighter bashed by a mid-winter Nor-easter. Fifty million claims is the latest unemployment milestone surpassed by the American workforce during the ongoing coronavirus pandemic that has drubbed the United States worse than any other country including China, where it started. In a stark contrast of...Read More