Category Archives: Current Events
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
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
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
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
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
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
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
SEASONALITY SUGGESTS A BUYING OPPORTUNITY IN GOLD
Seasonality is a technical study that focuses on the price patterns based on the time of year. It is used to increase the odds of making a purchase or sale at the right time. As the old saying goes, don’t tell me just what to buy, tell me when to … Readmore
Market Comments – January 2019
We are now experiencing an increase in customer purchases, including many first-time buyers. This is a reversal of a two year trend. A lot of the money, we’re told, is from stock market liquidation. Gold is flirting with $1300 an oz. and silver is near $16. At a ratio of … Readmore
ICTA issues warning for precious metals IRA home storage
We don’t often share articles to our mailing list clients, but we came across one that we thought was critical for our clients to know. Especially for any of our clients who have chosen to have a precious metals IRA and take possession of their metals as part of a … Readmore
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