McClellan Financial Publications, IncPosted Sep 15, 2019September 12, 2019President Trump has been articulating his wish on Twitter and elsewhere that the U.S. have interest rates as low as other countries.That’s an understandable wish, as no one likes to pay more than the other guy is paying for something.In economics there are often unintended side effects, and that is what this week&rsquo...Read More
McClellan Financial Publications, IncPosted Sep 24, 2019September 19, 2019Back on August 22, I wrote here about how the spread between the 10-year T-Note yield and the 3-month T-Bill yield gives us a leading indication that is relevant for small cap relative performance.This time, I look at the "yield curve" in a different way, via the spread between 10-year and 2-year yields.The 10-year to 3-mont...Read More
McClellan Financial Publications, IncPosted Oct 22, 2019October 17, 2019Short-term interest rates have been falling, pushing the Federal Reserve to cut its own Fed Funds rate target.This week’s chart says that there is still a lot further for rates to fall. I get a lot of data out of the CFTC’s weekly Commitment of Traders (COT) Report, and I review the relevant insights every Friday i...Read More
Is Silver's long bear market over? If so, it would be exciting news for bulls who have suffered through a hellacious, 72% correction since the metal peaked in 2011 just beneath $50. The monthly chart (see inset) provides reason for cautious optimism, implying as it does that Comex futures could be bottoming slightly above $15. If a powerful and sustained upturn lies in the offing, the September co...Read More
Drop in gold prices props up physical buying in Asia Gold edged higher on Monday as investors found the metal attractive after prices fell to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks.The precious metal shed 2.2 per cent last week in its sixth straight weekly decline and worst weekly performance since December."Though the metal look...Read More
Technical observations of RossClark@shaw.caBob HoyeInstitutional AdvisorsPosted Sep 18, 2018(Click on image to enlarge)###Bob HoyeInstitutional Advisorsemail: bobhoye@institutionaladvisors.comwebsite: www.institutionaladvisors.com321goldLtdRead More
Erik Townsend and Patrick Ceresna welcome Keith Dicker back to MacroVoices. Erik and Keith discuss the government bond bubble, artificially suppressed interest rates and rethinking bonds for portfolio allocations. They discuss what impact that a bond market route could have on equities and if the bond bear market has started. They conclude with their outlook on equities and gold.Read More
Silver continues to be a singularly neglected and unloved investment, and has been for years now, but as we will proceed to see, this is not a situation that is likely to continue for much longer. On its 10-year chart we can see that silver has basically been moving sideways marking out a low base pattern since late 2014 - late 2015, following a severe bearmarket from its 2011 highs. For a while...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comNovember 6, 2018 1.US elections are here!2. Please click here now.Double-click to enlarge this big picture chart for gold. 3.From both a technical and fundamental perspective, gold looks solid. 4.This chart suggests that whatever happens in the US election, it's going to be positive for g...Read More
Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors. And while industrial users consume the highest amount of silver in the overall market annual...Read More
The silver price trended lower last week after hitting a high of nearly $16 the prior week. So, what's in store for silver and the broader markets this week? If we look at the moving averages and what is taking place in the broader markets, we may find some clues. It seems as if the silver price over the past two weeks has been moving in the opposite direction of the Dow Jon...Read More
McClellan Financial Publications, IncPosted Feb 28, 2019February 21, 2019Gold prices recently swooped up to a rather spiky looking top, and on Feb. 21 a big drop started the work of unwinding that blowoff.It was a good looking spike upward as far as gold itself was concerned.But it did not come with confirmation from other prices which tend to move in sympathy with gold. This week’s chart co...Read More
McClellan Financial Publications, IncPosted Nov 4, 2021Oct 29, 2021The message from uranium prices is that gold prices are headed higher.And I have no idea why this relationship works.Six years ago, I uncovered an interesting leading indication relationship, wherein the movements of uranium prices tend to show up again about 7 months later in the movements of gold prices.I cannot think of any reas...Read More
Initial jobless claims improved further last week with 'just' 269k Americans filing for first-time jobless benefits...Source: BloombergKentucky and California saw the biggest jump in jobless claims while Missouri and Florida saw the biggest drop...That leaves the total number of Americans on some form of government dole just above 2.6 million......the lowest since pre-pandemic-lockdown.....Read More
After two months of dismal job reports, the BLS finally redeemed itself when moments ago it reported that in October the US gained some 531K jobs, well above the 450K consensus exp and above the 500K whisper number. The gain in payrolls was also bigger than all but 10 of the 75 forecasts in Bloomberg's survey.As Bloomberg calculates, if payroll gains stay at the same pace as October's, in eight mo...Read More
Authored by Matthew Piepenburg via GoldSwitzerland.com,The facts of surreal yet broken (and hence increasingly controlled and desperate) financial markets are becoming harder to deny and ignore. Below, we look at the blunt evidence of control rather than the fork-tongued words of policy makers and ask a simple question: How long can lies & control supplant reality?The Great Disconnect: Tanki...Read More
The market's rate-hike expectations are surging higher this morning following the way hotter than expected CPI print. Additionally, perpelxing double-speak from Biden is not helping as he reflects on The Fed's "independence" while implying the need to 'do something about inflation!!!!':"And I want to reemphasize my commitment to the independence of the federal re...Read More
Following yesterday's US PPI print at record highs, overnight we saw Chinese producer prices rising at their fastest pace in 26 years, and this morning's US consumer price data was expected to show yet another non-transitory surge in inflation... but the actual surge was far bigger than expected.US Consumer prices soared 6.2% YoY in October, far higher than the +5.9% YoY expected and acc...Read More
Authored by Tom Ozimek via The Epoch Times,Former Treasury Secretary Larry Summers, who has repeatedly criticized loose central bank policies and has forcefully sounded the alarm on the upside risks of the current bout of inflation, has warned that global financial markets seem to be pricing in slow growth and low real interest rates for the next several years."The stimulus that we've enacted is...Read More
Kitco News, Released on Released on 11/12/21Bitcoin, stocks, and gold are all poised for major moves, but not all moves will be equal. Gareth Soloway, chief market strategist at InTheMoneyStocks.com discusses with David Lin, anchor for Kitco News, which of these assets are most likely to breakout to the upside.0:00 - Bitcoin12:29 - Stocks17:00 - Federal Reserve22:55 - GoldGareth Soloway is a profe...Read More