Gold
The Revenge Of The Gold Bugs – Part Three
May 2, 2025/by Neland Nobel https://pricklypear.news/revenge-of-the-gold-bugs-part-three/ We have seen in Part One and Part Two that gold bugs have gotten some intellectual revenge, as deficits and inflation have become entrenched in our economic system —and frankly, just about everywhere else. Their contention that only a gold standard coupled with an originalist interpretation of the Constitution could produce prolonged periods of stable money has…
Read MoreThe Revenge Of The Gold Bugs – Part Two
May 1, 2025/by Neland Nobel https://pricklypear.news/the-revenge-of-the-gold-bugs-part-two/ As we mentioned at the end of Part I, releasing the government from all spending restraints required a two-pronged approach. Undermine the restrictive nature of the Constitution through judicial interpretation while concurrently undermining the mechanical constraints of the gold standard on the issuance of money. The erosion of those restraints accelerated…
Read MorePart 1 – Bright and Shiny Gold Commercials
We’ve all seen the ads on TV, sprinkled in between news programs. We are dazzled by stacks of gold coins piled on a table. The camera pans across an array of detailed, impressive color brochures. A minor celebrity you may have seen on an 80’s TV program comes on the screen and begins talking about…
Read MoreGold Feels a Bit Different
By Neland Nobel Part of gold’s recent story has been that of disappointment. A rally begins, and what takes weeks of clawing upward is erased quickly. Then gold starts the process again seemingly to fail at important inflection points. End result: flip flopping around in trading range. Could that be happening again? On Friday, perhaps…
Read More2021 Was an Odd Year for Gold
By Neland Nobel The year 2021, will certainly go down as an odd one for gold. As the chart below shows, gold spent most of the year in negative territory. It has not been a substantially negative performance, but more of a sideways move with modest losses. Gold was never very positive at any point…
Read MoreCross Your Fingers As Gold Approaches Important Inflection Point
What is an inflection point? It is a point, or multiple points, on the chart where success or failure at a given price juncture is believed to have some predictive abilities to determine a change in price behavior. The yellow metal is approaching a cluster of price levels that could determine whether this bear trend…
Read MoreGold 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 FED who suggested interest rates…
Read MoreGold 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, gold would move to the…
Read MoreGold 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 the momentum indicators we typically…
Read MoreGold 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 that picking a bottom is…
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