Tag - Market Timing
Wednesday, July 31 2019
By GCRU Gold News on Wednesday, July 31 2019, 22:55
With the spot gold price at or near highs in many major fiat currencies, today’s easing move by the Fed looks to be the first of a series and augurs well for continued gold price strength.
Sunday, July 28 2019
By GCRU Gold News on Sunday, July 28 2019, 09:21
An important factor which investors should be paying attention to is the correlation between the gold price and the size of the negative-yield debt. The chart below shows that there is a strong correlation which means that the gold price rises as the size of the negative yield debt increases.
Saturday, July 20 2019
By GCRU Gold News on Saturday, July 20 2019, 01:17
Now that gold has broken through the $1,450 an ounce level, a six-high year high, the next big test is $1,500. And as I’ve said before, it can do this in the blink of an eye under the right conditions.
Saturday, July 13 2019
By GCRU Gold News on Saturday, July 13 2019, 22:23
What is certain is that during gold’s six years in the penalty box, the underlying forces that have made the metal a superior strategic investment over centuries have not been idle. The extrapolation of current conditions into unrealistic expectations is a dependable flaw of human nature. The capacity of physical gold and precious metals mining shares to absorb inflows has greatly diminished because of the prolonged attrition of investment interest. Once capital market flows revive, there is real potential in our opinion for parabolic upside in the metal and the shares.
Tuesday, July 9 2019
By GCRU Gold News on Tuesday, July 9 2019, 02:22
The summer months historically present a buying opportunity in precious metals as illustrated in the charts shown below. In the past, there has been a clear change of direction in sentiment annually from the 185-195 day mark – midway in the year. So far this summer, though, gold has broken with tradition by turning in a strong June, as shown in the third chart
Saturday, June 22 2019
By GCRU Gold News on Saturday, June 22 2019, 23:46
But gold? Gold should truly shine in this situation: both by maintaining its purchasing power and increasing in value as $trillions in capital look for safe haven.
Remember that the $7 trillion gold market is a small doorway compared to the $164 trillion held in stocks and bonds. (And the <$1 trillion silver market is ridiculously tiny relatively). If (more likely, “when”) just a few $trillion flee risk assets into the precious metals, the prices of gold and silver will explode.
By GCRU Gold News on Saturday, June 22 2019, 04:34
After breaking out of a five-year trading range this week, the price of gold surged above $1,400 an ounce for the first time since 2013 on expectations of a U.S. rate cut. The 10-year Treasury yield fell to around 2 percent, its lowest level since November 2016. Meanwhile, the pool of negative-yielding government bonds around the world hit a fresh record high of $13 trillion.
Wednesday, June 19 2019
By GCRU Gold News on Wednesday, June 19 2019, 02:55
Norman believes that the gold price has formed enough of a base to break through USD1360 an ounce. “Everything changes once we break through USD1360; it is the mother of all resistance levels.
“In my view, in 2019 we will challenge that level. We have already reached USD1346, in February. Once we breach that, we should see a steady rise to around USD1800 an ounce.”
Saturday, June 15 2019
By GCRU Gold News on Saturday, June 15 2019, 00:57
Gold in that situation is going to scream. It will be the antidote for people with equity portfolios.
Wednesday, June 12 2019
By GCRU Gold News on Wednesday, June 12 2019, 23:27
If you believe negative rates are a real possibility, an allocation to gold and gold stocks might make a lot of sense right now. In the past, gold prices have surged when real yields fell into negative territory. (The real yield is what you get when you subtract the annual inflation rate from a government bond yield.)
Monday, June 10 2019
By GCRU Gold News on Monday, June 10 2019, 22:31
Electrum Group’s Thomas Kaplan is another billionaire who subscribes to gold ownership for longer-term fundamental (supply and demand) and economic reasons. “I like those things where the scarcity is assured,” he told Bloomberg in a Peer-to-Peer interview recently. He also said that the yellow metal was on the cusp of a new decade long bull market capable of lifting it ultimately to between $3000 and $5000 per ounce.
By GCRU Gold News on Monday, June 10 2019, 08:20
After spending almost all of 2018 in bearish territory, gold’s true fundamentals* (as indicated by my Gold True Fundamentals Model – GTFM) have spent all of this year to date in bullish territory.
Wednesday, April 10 2019
By GCRU Gold News on Wednesday, April 10 2019, 00:44
During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices.
Wednesday, March 27 2019
By GCRU Gold News on Wednesday, March 27 2019, 06:33
Worldwide Major Central Banks are Accumulating Their Gold Holdings
Gold Shares as Rising Phoenix
Latest Teranga Gold Video
John Kaiser on Kitco.com
First Securities Northwest
My last gold conference interview. Hard to believe it will soon be six years ago.
Friday, February 22 2019
By GCRU Gold News on Friday, February 22 2019, 02:53
Most gold bull runs typically start slowly as it faces the headwinds from good selling by frustrated longs who see price strength as an opportunity to exit … once we are through that gold is unfettered for a faster move higher as prices go inelastic. We seem to be in that phase now.
The high RSI suggests that gold is due a temporary pause - but it also suggests to us that it is brewing for the mother of all moves higher. We just need to breach the $1360 level and we are off to the races.
Thursday, January 17 2019
By GCRU Gold News on Thursday, January 17 2019, 22:28
“The amount of capital being put into new gold mines is a most nonexistent,” Zell said. “All of the money is being used to buy up rivals.”
Saturday, January 12 2019
By GCRU Gold News on Saturday, January 12 2019, 07:17
In their latest gold-price forecast report, the US investment banking giant Goldman Sachs made upward revisions to their 12-month price outlook.
3 months at 1,325 / oz (prior forecast was 1250)
6 months at 1,375 (1300)
12 months forecast to 1,425 (1350)
Gold to derive support from:
Defensive positioning (investors with a fear of a recession).
Central banks to buy.
By GCRU Gold News on Saturday, January 12 2019, 02:15
Goldman Sachs issues an overweight recommendation for gold and commodities.
Paradigm Capital says royalty companies are the “best bet” in metals and mining.
Thursday, January 10 2019
By GCRU Gold News on Thursday, January 10 2019, 10:01
Potential for growth and heightened risk in 2019
Tuesday, January 8 2019
By GCRU Gold News on Tuesday, January 8 2019, 00:39
While a myriad of forces pushed the gold price around in 2018, it basically ended the year flat. This report recaps the year in gold, shows how it compared to other asset classes in both short and long timeframes, and explores the factors to watch in 2019.