From my Current Thoughts on 3/24 I put up a chart of the dollar and said: “Today was a consolidation day before the next move, which can still go either way.” We have seen the dollar since fall and gold take off higher with today’s move a significant one. Yes, for now, the dollar still matters. We have to let …Read More
Gold: Where To From Here?
Gold fell $23 today to $1,235.90 after hitting a low of $1,230.10 and silver after opening up stronger, gave up all of its gains and fell from high to low 50 cents, finishing the day off at $15.37. Can you guess this is Fed week again? Oil started off the day down and then fell hard taking the stock market …Read More
Data is Dead; All Hail the Fed!
What Does this Data Tell Us? Does the Market Care? All the market cares about is what a few words from the Fed meeting say tomorrow, not what the data tells us. That’s what we’ll find out tomorrow with the results of a two day Fed meeting culminating in an announcement about the future of interest rates. Traders and markets …Read More
2015 Predictions for Gold and Silver
Over the last few years I have been one of the few who sell gold and silver that have been dollar bullish as well as being in the deflation rather than inflation camp. Because of this viewpoint, I have been ingnored by some of the Austrian websites like LewRockwell.com because of their mantra for a dollar collapse and adherence to …Read More
Is Deflation Still a Threat to Gold?
When you talk to investors as to why they buy gold, many look to the precious metal as being a hedge against inflation. But since 2011 we have been experiencing deflation and the yellow metal has felt the affect of an overall declining commodity market. Many that have been relentlessly bullish on gold since 2011 point to inflation in the …Read More
8 Indicators That Tell Us Where Gold Might Go Next
When trying to advise clients on what to do with their hard earned dollars, especially when I have a natural bias towards gold that is bullish, I look at many indicators that hopefully give me insight on timing the markets. It’s not easy to say “hold off” to clients or to “dollar cost average into a position” but I have …Read More
Which Has Been Better since 1975, Gold or Savings at Bank?
With banks paying very little interest these days, investors have been seeking out ways to earn more than the paltry less than 1/2 percent that banks are paying on savings. The Federal Reserve has kept interest rates artificially low, hurting those seniors and other savers who don’t trust the stock or bond market with their nest egg. But some of …Read More
We Are Not Off to the Races Yet With Gold
Gold has had a nice bounce now off the bottom set in December of 2013, but are we off to the races just yet? Here is what I wrote last month where I concluded “we could go higher from here for a bit to trap more of the bulls who say the bottom is in.” We should start to see …Read More
Gold and Dollar Down but Both Will Rise Next Year
As I pointed out in my last article, I expected continued selling of gold by the big boys; the Hedge Funds, Mutual Funds and Professional traders and they didn’t disappoint. The largest ETF; SPDR Gold Shares (GLD) saw an outflow of 12.9 metric tons last week. From Kitco; Holdings of gold by SPDR Gold Shares (GLD), the world’s largest exchange-traded …Read More
Calling the Fed Taper Bluff and What Gold Might Do Next
The price of gold could be affected by next weeks Fed meeting as they decide whether or not to taper the Quantitative Easing purchases they have been making in their attempt to buy up the toxic assets of the banks and the treasuries that no one else will buy. Ever since the talk of tapering by Bernanke in June of …Read More