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Friday Edition: November 27, 2020

Fake News Engulfs The Gold And Silver Markets

The gold price was given a a quick $35 ride on the down-elevator today starting at 7:40 a.m EST. There were no news items or events that occurred that would have triggered the price hit.

The Gold Stock Correction is Maturing

The correction is hitting its harshest stage, the traditional and inevitable final running of the true believer bugs. From this comes significant opportunity..

Bubble Update: A year to year and a half?

I no longer think that we have 10 years left in this (general equities) bull market, looks like we have transitioned into the bubble phase already. Video Update

Wednesday Edition: November 25, 2020

Another COMEX Price Smash

It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin. At least, that's what The Banks hope you do.

Gold Retested $1,800 As We Forecasted Over Two Months Ago & Silver Eagle Sales Top 4 Million

So, where is gold heading now?  Good question.  However, if we look at the 5 EMA, it looks to me that gold will likely retest this level as well before setting up for a leg higher

Precious Metals Update Video: Running the Stops

Gold stops getting triggered.  Gold is nearly $70 away from the 18-day m.a.

Asian Metals Market Update: Lots of Economic Data Releases

There are lot of market moving US economic data releases. Traders and investor are switching focus to economy and economics apart from vaccine.

Tuesday Edition: November 24, 2020

The Great Reset

There are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar.

Bitcoin Is Free From Counterparty Risk? Not So Much

Hugo Salinas Price is one of the most successful businessmen in Mexico. He also happens to be a brilliant monetary system analyst. In his latest essay, he explains why Governments and Central Banks largely ignore Bitcoin and cryptocurrencies, choosing instead to focus their efforts on containing the price escalation of gold and silver.

Gold: Is It Time To Buy?

Another awesome day is underway on the gold market gridlines… for eager accumulators of the world’s greatest asset!

I Dislike Shallow People And Shallow Pullbacks

The main point that I am making is that the market is likely setting up for a major rally as we look towards 2021. Based upon the current market structure, I am seeing the 4600-4900SPX region as the next major target for 2021, with the 4200/4300SPX as the initial major resistance before we get to that target zone.

Gold: Capitulation in Progress

This could be a bloodbath phase for five to seven days, but I am not convinced this going to happen. We are very close to a bottom.

Precious Metals Update Video: These metal markets look terrible

Certainly not in good shape here for metals. The support level broke and triggered a sell-off. Bearish set-up for the short-term.

Monday Edition: November 23, 2020

Gold SWOT: Bullion at Risk of a “Major Collapse”?

Silver imports by China and India are expected to rebound over the next six months as de-stocking ends, according to Citigroup. Swiss gold exports to India rose almost fivefold in October as jewelers restocked ahead of Diwali, which is typically a strong time for purchases as gold gift giving is considered auspicious. BS sees palladium peaking at $2,600 an ounce in 2021 due to strong Chinese car sales and a COVID vaccine pushing the economic recovery and keeping the metal in deficit.

Time to Sell the News

The stock market is under heavy distribution, and for good reason: Even if the vaccines we've been reading about lately are as effective as claimed, they will be too late to prevent tens of thousands of U.S. business from going under.

Gold Update: Third Test of $1,850 Area

Triple bottoms are usually pretty rare.  Gold looks like it wants to break lower. Video Update

Precious Metals Update Video: Thanksgiving Week

Weekly 18 week moving average at $1,922.  Market setting up a bear trap?

Sunday Edition: November 22, 2020

Gold Seeker Report Issue #40 ~ This Week in Mining: Opportunities Galore?

The mining stocks had a very bad week indeed. This was likely augmented by weak hands selling and because of technical damage on the Gold chart. While there is likely more downside, this could be the last best buying opportunity.

The Great 2020 Bailout Bonanza

Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.

A professor's mistaken disparagement of the gold standard

Of course if governments adopted such a policy, people everywhere probably would remonetize gold as the world reserve currency in less than a week, diminishing the influence of government-issued money and thereby also diminishing government power.

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