APM Blog

Category Archives: Current Events

Gold Correction Well Underway

In our last entry, we suggested that gold had become “overbought” and vulnerable to correct, even though the main theme was taking a closer look at silver. The selloff seemed primarily caused by reaction to statements from the Federal Reserve, especially those of non-voting member Bullard of the St. Louis … Readmore

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Let’s Not Forget Silver

By Neland Nobel The last couple of reports have concentrated on gold. Indeed the action on gold has been important.  After a severe oversold condition, gold put in a bottom in early April and has advanced through important resistance at $1800. Gold is once again at important overhead resistance near … Readmore

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Gold Breaks Through to Important Overhead Resistance

By Neland Nobel We suggested that gold had put in a major low in early March, and put in a double bottom, a variant of the classic head and shoulders bottom. The importance of $1800 was noted in the last blog and we suggested, that if that level were broken, … Readmore

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The Bitcoin Boom and Its Mysteries

Bitcoin has been on a tear of late.  As you read the financial press, it would seem the world is very desirous of a currency other than the US dollar.  Something that is limited in quantity and hence able to hold its value better than the fiat currencies electronically created … 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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Fiscal Deficits GDP and the Gold Price

It is widely thought that if the direction of deficits spending is upward, the price of gold will go upward. That has only been partially true.  It certainly was the case in the 1970s.  But it was not so true in the 1980s and 1990s.  So, why if the deficit … Readmore

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A New Bull Market in Gold: Let Us Count the Ways

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

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July 2019 Update on Gold

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

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U.S. Dollar Breaks Trend

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

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Modern Monetary Theory and the Gold Investor

Modern Monetary Theory (MMT) has recently burst upon the political and intellectual scene. As such, investors of all kinds need to take heed. MMT has developed with some justification. Over the past 20 years or so, all over the world, a grand monetary experiment has been undertaken. Government debt has … Readmore

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