It might have surprised some readers that several weeks ago (August 20th), we suggested gold was putting in a short-term top. Understand, we think this is just a normal correction in an ongoing bull market. It is vitally important that you keep the bull market in mind. Why? Because this … Readmore
Back on April 12th and again on June 13th, we mentioned the tremendous opportunity developing in the gold to silver ratio trade. While readings above 80:1 are fairly rare, readings in the mid-90s are extremely rare and we wanted to bring that to your intention. Below is the long-term historic … Readmore
Readers of this blog should be aware that we believe gold has entered a new bull market. While we believe this to be true, bull markets don’t reach their objective in one smooth move. It is typically “two steps forward and one step backward” kind of action. A step back … Readmore
What is a bull market? A bull market is a sustained upward trend in prices. Typically, this can last for a number of years. Then it is followed by a bear market, which is a sustained decline in prices. Put the bull phase together with the bear phase and you … Readmore
Gold has advanced decently of late, pressing to a six-year high. Despite all the chatter about how undervalued silver has been, it has not done nearly as well. In fact, it still does not look like it is even in an uptrend yet. Silver has disappointed a lot of its … Readmore
There is a lot going on in this chart of longer-term importance. First, gold has emerged from an enormous six-year rounded bottom base, with a cup and handle break out. After breaking $1360 and then breaking $1400, there is not a lot of resistance until the $1530 area (circled). Once … Readmore
In our everyday lives, we purchase insurance to hedge against the risks of dying early, losing our potential for income, health, home, automobile, liability, and even for travel. While hopefully we don’t become obsessive about risk, it is both reasonable and expected, that one insures oneself against the major vagaries … Readmore
Recently the World Gold Council released new 1st quarter data for 2019 relating to Central Bank purchases of gold. They were blowout numbers that hardly seem to stir complacent American investors. For the 12 months ending March 31, central banks of the world purchased 715.7 metric tons of gold, the … Readmore
Typically, we only include one chart or two in our articles, but for this particular analysis, it was necessary to look at multiple year periods. We hope you will forgive the number of charts, but we feel they are important to show the trend. Recall that gold was fixed in … Readmore
Gold prices commonly move opposite the price action of the US Dollar. When the dollar is strong, gold tends to be weak. Conversely, when the dollar is weak, the gold price tends to strengthen. The dollar has tended to be strong since February-March of last year as the chart below … Readmore
