Although the rally on Wall Street flouts common sense and arguably even sanity, born-again bulls continue to rampage. What will put an end to their foolishness? Surely not more grim economic data, nor an increase in what is already the highest unemployment rate since the Great Depression, nor a wave of business failures that could eventually asphyxiate the consumer economy. None of these problem...Read More
By: Ira EpsteinGold weekly chart shows support at 18-DMA just below $1,700. The market is at an upside bias, right below record highs:Read More
Highly UncertainReallocation ShockDemand ShockA Most Troubling DilemmaHow You Can HelpPuerto Rico and Final ThoughtsPredictions are difficult, especially those about the future. That old proverb (often attributed to Yogi Berra) is right but you can't live without making certain presumptions. You presume your car will start, your refrigerator will stay cold, the lights will turn on when you flip...Read More
In recent issues of Seasonal Insights, my colleague TeaMuratovic and I shared our analysis of global stock markets with you. Today I want to put a popular precious metal under the magnifying glassfor you: silver.Silver, often referred to as the "little brother" of gold,has a particularly interesting seasonal pattern I would like to show to you. Silver's seasonality under the magnifying g...Read More
Adam HamiltonArchivesJun 19, 2020 Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big...Read More
Topics:Strong signs we've exhausted this bear market rally.Dollar and Bitcoin bottoms ready to drop from under them.Real estate sales masking underlying weakness in market.Trump is the Republican Jimmy Carter.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Eur...Read More
Well, so far the market has shrugged off last Thursday's violent 6% drop. Though it does seem the momentum of the mania has been substantially tampered down. Last week's drop created an "island reversal" that still remains, an encouraging technical sign for the bear camp. There have now been as many down days since the appearance of the island reversal than in the entire preceding month. The fact...Read More
Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
"It's not just black lives matter, white lives matter, Chinese lives matter, all lives matter, everybody's life matters. God loves everyone - he never singled anyone out."Continue...Read More
Gold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com‘s data for the index. A seasonal average is not a directive, but it is a () guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low to be in June or Ju...Read More
Gold’s powerfulpost-stock-panic upleg hasn’t enjoyed buying support from the gold-futuresspeculators. These influential tradersoften drive and even dominate major gold-price trends. But they’ve been subtly selling into gold’ssharp recent rally. Their doggedskepticism is actually very bullish for gold in coming months. Gold-futures speculators are ama...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
New COVID-19 cases across the United States are surging faster than ever, especially in states in the South, West and Midwest.Continue...Read More
At least 25% of LSU's football team was in quarantine this week after fears of a coronavirus spreading among the players and staff. Continue...Read More
Gold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com‘s data for the index. A seasonal average is not a directive, but it is a () guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low to be in June or Ju...Read More
Gold’s powerfulpost-stock-panic upleg hasn’t enjoyed buying support from the gold-futuresspeculators. These influential tradersoften drive and even dominate major gold-price trends. But they’ve been subtly selling into gold’ssharp recent rally. Their doggedskepticism is actually very bullish for gold in coming months. Gold-futures speculators are ama...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort277,39553,04746,087110,922368,942434,404468,076Change from Prior Reporting Period 13,423-2,312-55780715,37013,67312,501Traders20263735256285165 Small Speculators LongShortOpen Interest 55,15921,487489,563 2291,40113,902 non reportable positionsChange from the previous reporting p...Read More
Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big gold-futures-buying f...Read More
- Gary TanashianGold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com's data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low t...Read More