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Category Archives: APM News

Gold Once Again Approaches an Important Inflection Point

By Neland Nobel Gold is now at a turning point, which happens to be slightly below the blue 50 day moving average. There were a series of highs formed around $1760 that represents the “neckline” of the double bottom formation that gold has been building. (See chart below) Secondly, all … Readmore

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Gold Correction Entering Bottoming Zone

By Neland Nobel Gold has been in a deceptive correction since last July.  We say deceptive because it has failed several times by the narrowest of margins to breakout, it has stopped at appropriate resistance, only to hover there in a tantalizing fashion, and then proceed lower. It is not … Readmore

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Current Gold Action is Doing Some Good

Gold has made it back to and thru, an old multiple point low around $1850 (the pink line) that was considered support as we broke down from the top.  It is constructive to make it through old lines of support, or resistance. Gold defended successfully its 200-day moving average and … Readmore

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Metals in Corrective Phase

We continue to believe that precious metals remain in a primary bull market.  But after becoming significantly overbought, price corrections have been substantial. Gold has taken its second worst drop since 2016, the date we would assign to the beginning of its new bull phase. It has come down to the … Readmore

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At the River’s Edge Once Again:  Will Gold Make It to The Other Side?

We have been in this situation twice before in recent times.  Gold reaches an inflection point such as the declining linear trend, and tests the line, but falls back.  The troops are at the riverbank, but never cross. We recently alerted you to some specific price levels to watch.  We … Readmore

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Is Gold Expensive?

Since the low in gold of $1045 in late 2015, gold has almost doubled in price.  Year to date gold bullion is up about 25% while the stock market as measured by the broad S&P is up only about 8%.  Bonds as measured by AGG, core US aggregate, is up … Readmore

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Gold Correction Likely Near an End

Gold had a strong run falling just short of $2,100 per ounce, became significantly overbought, and has had a modest corrective phase since the peak in early August. We have dropped about $240 dollars or about 12% from the peak down to the $1850 area. Because we believe gold remains … Readmore

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Commentary on ‘The Deficit Myth’ by Stephanie Kelton

Professor Stephanie Kelton, an advisor to leading Democrats and the Biden campaign, has written a highly readable explanation of Modern Monetary Theory.  Replete with frequent references to Sesame Street and Spider Man, it is just the work needed to inform the young Social Justice Warrior. The key is the subtitle, … Readmore

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Debt is Now a Runaway Train

The amount of debt owed by the US government has risen to the highest levels ever recorded. More importantly, as the chart above shows, it is the highest debt ever in relation to the size of the economy. In peacetime, it now exceeds the peak of World War II. Notice … Readmore

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Silver Kicks Into a Higher Gear

For quite a period of time, silver underperformed gold.  The gold to silver ratio, a calculation that basically shows the relative strength of the two metals, continued to soar well outside its historic range to as high as 131:1. We felt this was excessive and as indications started to show … Readmore

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