Gold and silver investors buy metals because they are scarce.Precious metals are by nature difficult to find, and hard to produce.Consequently, above ground stocks are limited and valuable, particularly whenpriced in unlimited fiat currencies. The bankers and government officials behind these fiat currencysystems don’t like stable monetary benchmarks such as gold putting theirinflation schem...Read More
Another year of covering commodities and select junior mining stocks is all but done and dusted. We’ve seen palladium prices more than double those of platinum, its sister metal, on tight supply and high demand for catalytic converters in gas-powered vehicles, as smog-belching diesel cars and trucks get phased out to meet tighter air emissions standards particularly in Europe...Read More
We often cover the ongoing JPMorgan silver bullion saga here. It seems we have a new twist in the ongoing story since JPMorgan's takeover of the bankrupt Bear Sterns short silver position in early 2008.Late last year, in early November 2019, CBS’ 60 Minutes show did a puff Public Relations piece for the CEO of the world’s largest and Global Systematic Important Bank.Here we see 60 Minu...Read More
Gold miners’ stocksblasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled suchstrong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that goldstocks’ next upleg is starting to accelerate. But key indicators argue the contrarian side, that this b...Read More
When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of “beliefs” as to what the metals are doing and will be doing.Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various forms of analysis. Of late, we are seeing so many become fearful of the metals market...Read More
Hooray, the twenties are here! But what will the 2020 bring for the gold market? Shall we see the beginning of the Belle Époque for the yellow metal?Gold at the End of 2019The last year was a very good one for the gold bulls, as one can clearly see in the chart below. Despite the soaring equities, the price of the yellow metal rose from $1279 to around $1520, or more than 18 percent. Bravo!...Read More
Following the December 18, 2019 Market Minute titled "Are oil prices at a crest?" oil prices (WTI and Brent) are both finding increasing selling pressure as they moved to the top of their trading range.Light crude oil found solid selling pressure around $62 and Brent at about $67 (Charts 1 & 2). These price levels were still 24 and 35 percent higher than the levels reported in late...Read More
The year ahead promises to be an eventful one. It will, ofcourse, be dominated by political headlines leading up to the 2020 election. Itcould also be a big breakout year for precious metals. In the second part of Money Metals' 2020 Outlook, we’ll drilldown on the fundamental and technical setup for gold and silver…However, in this first part, we’ll set the stage by digging int...Read More
The Gold rally we predicted to happen inlate 2018 took place, almost perfectly, based on our ADL predictive modelingsystems results. This rally took placein May through September 2019 and pushed Gold up to levels near $1600. Therest of the year, Gold consolidated near $1500 as a strong US Stock Marketrally took hold in Q4 of 2019. Ouroriginal prediction was that Gold would r...Read More
Although oil bullsmanaged to push the futures higher and broke above the upper border of therising green trend channel during yesterday’s session, Monday’s upswing turnedout only temporary. Earlier today, crudeoil futures opened the day with the bearish pink gap, invalidating yesterday’s breakout above the channel. This bearishdevelopment triggered further deterioration in the f...Read More
The King is dead, long live the King - 2019 is over,long live the 2020! As tumultuous as they have been, what have we learned aboutthe gold market in the past twelve months? And what can we glean from this knowledgefor the times ahead?Key LessonsFor Gold Investors from 2019Today is the last day of2019. It was a good year for the gold bulls, as one can clearly see in thechart below. The price of th...Read More
Technical expert Clive Maund charts the reasons the precious metals have entered a bull market.Gold is now a major bull market, as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn't, and started higher again in recent days over the C...Read More
As a student of market history, I always find it interesting, and even sometimes quite comical, how certain fallacies about markets are continually propagated by investors and analysts alike. Throughout my career in writing about metals, I have tried to bring many of these to light, and explain why so many of the fallacies should be ignored.The latest in the string of fallacies relates to the Comm...Read More
Over the moderately quiet 2019 Christmas holiday season, while the US and global stock markets continue to push higher, precious metals and miners have begun to move dramatically higher as fear settles into the markets. Our researchers believe this upside move in metals and miners represents a measured increase in investor concern related to early 2020 and the global economy.Our research tea...Read More
Crude oil futures extended gains,breaking above the upper border of the rising green trend channel duringyesterday’s session. This upswing took the futures right to the red gap. Let’ssee how this has reflected upon the daily indicators. They look quite extended, suggestingthat the space for additional gains may be limited and that a reversal is probably just around thecorner. Should it...Read More
The efficacy of a metallic monetary system is beyond dispute at least among real economists which eliminates just about 95% of whom are now engaged in the “profession.”Money, which gold is, allows for specialization, the division of labor, and provides the means for mankind to escape from barter and, thus, a primitive existence.Like free trade, money naturally integrates mankind both a...Read More
Last week, the House voted to impeach Donald Trump. Thisis the third time in the U.S. history such an event has happened to the sittingPresident. What does it imply for the gold market? Trump’s Impeachment,ExplainedOn Wednesday, theHouse of Representatives impeached Donald Trump. He became only the thirdU.S. president in history to be impeached, following Andrew Johnson in 1868 andBill Clint...Read More
Silver is expected to begin the next decade newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts. As December winds down and precious metals trade volumes dwindle, market analysts including us at Ahead of the Herd are crunching the numbers from 2019 and looking ahead to what the New Year might...Read More
Whata classic day Friday was! Gold moved a bit lower, miners moved significantlylower, and silver rallied. Truly classic and outstanding performance if oneenjoys seeing topping patterns that are playing out according to their usualand likely characteristics. And Monday’s early session seems to be an encore. Let’sstart with the examination of the most recent price action in gold. Whatwe...Read More
Crude oil futures moved higher onceagain during yesterday’s session, overcoming the upper border of the risinggreen trend channel for the third time in a row. While the futures finished theday above this resistance, the bulls didn’t manage tohold gained ground in full.Earlier today, the futures opened withthe red gap. This bearish development means invalidation of yesterday’sbrea...Read More