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Monday Edition: October 2, 2023

Gold Continues 3-Year Decline

The gold price will eventually reflect the latest effects of inflation in a higher inflation-adjusted price. We just don’t know when. Nor does anyone else.

October Surprise Drumbeat Quickens

Could this mean that a long-anticipated war in the Middle East is about to break about? Regardless, if the price of oil is in fact bound for $117, something world-shaking is about to occur.

Gold Guillotine!

Understandably, you now may well ask “So how low is low?”  There we shan’t go, save for some structural support from this 1865 level down to 1813 built in early March.

Sunday Edition: October 1, 2023

GoldSeek Radio Nugget -- Harry Dent: Economy Will Fall Apart

Dent says, "You can't just print money forever and think you're going to end up in la-la land...This economy is going to fall apart faster than people think."

Reservations About Bank Reserves

Even as inflation keeps driving up bond yields, they keep falling. It is as if the vault door has no lock and the money keeps walking away.

Bullish Pivot or Destruction Ahead

Using three vantage points, the US dollar, the Gold/Silver ratio and the 10yr-2yr Yield Curve, broad markets are indicated to be at an important decision point.

Markets Gyrate on U.S. Government Shutdown Theatrics

Investors who are aiming to accumulate bullion should welcome soft market conditions. They make for favorable buying opportunities.  

Cyclical Forces

Most advanced human thinking on the deepest conceivable topics points to a limited number of forces defining the whole universe.

Friday Edition: September 29, 2023

COT Gold, Silver & USDX Report - September 29, 2023

Positions as of Tuesday, September 26, 2023

GDX’s Chronic Undervaluation

Because gold-mining earnings amplify gold price trends, gold stocks are effectively leveraged plays on gold. So their price levels relative to gold’s are a great valuation proxy.

Rally Time For Stocks and Gold?

The gold stock summer doldrums are horrible, but I've predicted it could end by the end of summer. Volume is up!

The Comics of Bidenomics: All Revisions Go Down ... All the Time!

The Fed tightens; the economy goes down, and with so many troubles building up well before inflation is finished, it is going to go down hard.

Liquidity Sloshing Around From Sector to Sector

Although the gold's correction has been mild, because it's gone on for so long, sentiment has become bearish. When gold is done consolidating, it will break out above all-time highs. 

Thursday Edition: September 28, 2023

Gold: It’s Who’s Buying It That Counts

Whilst $1,800 may be the next decisive break for gold, we do still expect to see it head above $2,000 in the not too distant future.

The Whole Soft-Landing Narrative is Changing

It's stunning how quickly how those who reported fantasies of a new bull market - plus the end of inflation and a recession - changed their minds.

No Budget Impacts Dollar, Which Impacts Metals

When the market is under the 18-day average of closes, I have a natural bearish bias. There is little to hold up the gold market right now. The dollar is strong.


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