April 18th, 2013
Our March 1st post titled “Precious Metals Outlook: US Dollar Nears Key Turning Point” highlighted the possibility that the year long strength of the US$ was coming to an end. We surmised that if and when the US$ broke the 12 month up trend and resumed the multiyear long greater degree downtrend then we would enter an environment more conducive to [...]
Tags: bullion banks, Fed, gold, ISM, lmba, philly fed, pmi, precious metals, QE, silver, uup
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April 17th, 2013
By Gary Rosenthal Below is a very astute discussion by Andrew Maguire, a highly regarded professional gold trader in London. His conclusion is the gold smash has largely run its course with only modest downside risk from here. If his inputs are valid a sharp rebound in Gold should ensue. When Maguire refers to the LBMA he [...]
Tags: bullion banks, china, COMEX, gold, lmba, silver
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April 15th, 2013
Guest Post: What Happened The Last Time We Saw Gold Drop Like This? Courtesy of Zero Hedge The rapidity of gold’s drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly ‘hurried’ selling in the last five years. In July 2008, gold quickly dropped 21% – seemingly pre-empting the Lehman debacle [...]
Tags: europe, gold, lehman, swiss rates
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April 3rd, 2013
U.S. Equity markets show signs of wear…Watch out for the tear Be advised, all the excitement and cheering perpetrated by those silly folk on CNBC about recent market strength may be hazardous to the health of your equity portfolio. Many signs of market fatigue are cropping up both in a fundamental economic sense and a technical analysis sense. [...]
Tags: adp, dia, ijr, ISM, iyt, pmi, qqq, smh, spy, xhb, XLF
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March 27th, 2013
Please Hold on to the Bar…of Gold Have you been wondering, during the last two weeks, why the U.S. Equity markets are so strong? Well the confusion is over. Look no further than the story below. Savings accounts all over Europe are now at risk of imminent seizure. The banking crisis in Europe is reaching absurd [...]
Tags: EU, euro, europe, gold, precious metals, silver
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March 21st, 2013
Guest post Courtesy of ZeroHedge It would appear that physical assets trump digital assets this morning in Europe as Silver has just spiked over 1% (and Gold back over $1615) as Bitcoins plunge on heavy volume… Did the Europeans run out of Bitcoins? Given the lack of movement in ‘traditional’ currency markets, one has to wonder just [...]
Tags: bitcoins, eur, gold, silver
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March 1st, 2013
UUP,DXY,FXY Global currency wars are a reality no matter how vociferously central bankers attempt to deny facts. Take for instance the recent G20 meeting. Recent sound bites, lauded by certain talking heads on traditional news outlets, described the unanimous kumbaya moment of the meeting where all agreed currency wars are a myth. Fast forward a couple [...]
Tags: DXY, fxy, g20, kiwi, new zealand, precious metals, US$, uup
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February 26th, 2013
Courtesy of ‘The Golden Truth’ The Fed’s balance sheet is likely to go higher than shown in the chart above if the U.S.economy moves into recession in 2013. Today, Bernanke pleads with congress to avoid sequestration as it would “be a drag of about 1.5% on the economy.” Add a rising US$ as Europe teeters [...]
Tags: balance sheet, bernanke, Fed, gold, US$
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February 18th, 2013
Platinum and Palladium – Smart Additions to a Precious Metals Portfolio We are building up our exposure to Platinum/Palladium due to the strong correlation with Gold and Silver but limited government manipulation of price. There are no above ground stockpiles of Platinum and Palladium to speak of, no central bank intervention of price, limited production ability and [...]
Tags: Central Banks, gold, inflation, palladium, platinum, silver
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January 30th, 2013
The daily price chart of Sprott Physical Gold (PHYS) shown above illustrates a dynamic example of positive ‘momentum vs. price’ divergence. The RSI line depicted in red at the top of the chart highlights the increasing rate of positive momentum accumulation while the price (shown in the box) retests the low. Such divergences [...]
Tags: Fed, gdp, gold, PHYS, precious metals, QE, silver, US$
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