Category: Gold & Silver 2020
The analysis published under this category are as follows.
Sunday, June 07, 2020
Precious Metals Complex Big Picture / Commodities / Gold & Silver 2020
By: Rambus_Chartology
From the March 23rd low in the PM complex we’ve enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the energy to advance to new highs.
The current 2nd leg up in the secular PM complex bull market actually began in January of 2016 after the first leg up ran from 2000 to 2011. There was a cyclical bear market within the secular bull market that ran from the 2011 high to the January 2016 low. It’s important to understand which part of a bull market one is in as to not get confused on what may lay ahead.
Tonight I would like to show you some long term quarterly line charts that I use when looking for big chart patterns that usually show up at important long term reversal points that can take years to complete. I usually only post these charts just a couple of times a year as change comes very slowly but when change does come it’s important to pay close attention because the change usually represents a major trend change.
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Friday, June 05, 2020
Potential Highs and Lows For Gold In 2020 / Commodities / Gold & Silver 2020
By: Kelsey_Williams
DOWNSIDE POSSIBILITIES FOR GOLD PRICE
There is a correlation of gold’s increasing price relative to the declining value of the US dollar. The chart (source for all charts) below shows this inverse relationship clearly…
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Friday, June 05, 2020
Gold’s role in the Greater Depression of 2020 / Commodities / Gold & Silver 2020
By: Raymond_Matison
The most important measure for an economy, its recovery or advancement is employment - that is, the availability of good-paying jobs. When citizens have jobs, they earn an income with which they can pay for their needs, and pay taxes to the government for its needs. So jobs and income, are the key determinants of a healthy, modern consumer-driven economy. Over the last several decades business owners, globalists and bankers utilized foreign wage, borrowing cost, environmental and regulatory advantages to close production facilities in the U.S., moving thousands of factories and jobs to Asia. This job migration decision can be reversed at any time; however, it will take as many decades to bring jobs back to the U.S. as it did to move them overseas. Therefore, it will take many years to reverse this unfortunate U.S. worker-discriminating decision. As an unfortunate result, we are now to experience the consequences of a depression (a long lasting recession) instead of a recession.
Some economic observers and pundits have already publically stated that we are now in an economic recession. Official acknowledgment would require the passage, retrospectively, of two quarters of negative GDP growth to confirm this. However, considering all that has transpired since the beginning of this year in our country, admitting that we are now living in a recession is not a particularly bold projection.
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Wednesday, June 03, 2020
Covid, Debt and Precious Metals / Commodities / Gold & Silver 2020
By: Richard_Mills
Precious metals are loving the uncertainty the coronavirus has created.
Despite limited successes some countries have had with reopening, the virus is nowhere near contained. As of this writing, close to 6 million worldwide are infected and 365,328 have died. The important columns in the table below from the heavily visited Worldometer's coronavirus page, are the yellow and red.
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Wednesday, June 03, 2020
Gold-Silver Ratio And Correlation / Commodities / Gold & Silver 2020
By: Kelsey_Williams
From Investopedia:
“Correlation is a statistic that measures the degree to which two variables move in relation to each other. Correlation measures association, but doesn’t show if x causes y or vice versa, or if the association is caused by a third–perhaps unseen–factor.”
In order for correlation to exist, there must be fundamentals that directly connect the two items being compared.
For example, there is a possible correlation between localized, bad weather and crop failures. But how do you predict the timing and extent, or the effects, to a degree that can be profitable?
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Tuesday, June 02, 2020
Silver and Gold: Balancing More Than 100 Years Of Debt Abuse / Commodities / Gold & Silver 2020
By: Hubert_Moolman
Since the creation of the Federal Reserve in 1913, the stock market has outperformed Gold and Silver significantly. Here is a great chart (from longtermtrends.net) that proves this:
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Saturday, May 30, 2020
Will Fed‘s Cap On Interest Rates Trigger Gold’s Rally? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Last week, the FOMC released the minutes from its last meeting. What implications do they carry for the gold market?FOMC Finally Acknowledges the Situation As Serious
Last week, the FOMC has published minutes of its meeting from April 28-29. They show that the Fed reassessed the coronavirus economic implications since the previous meeting at which the central banks did not yet grasp the full gravity of the situation. This time, they acknowledged that “the second quarter would likely see overall economic activity decline at an unprecedented rate.” Indeed, as we reported many times, the GDP will collapse, while the unemployment rate will soar to the levels not seen since the Great Depression.
Thursday, May 28, 2020
Trump vs. Biden: What’s at Stake for Precious Metals Investors? / Commodities / Gold & Silver 2020
By: MoneyMetals
The China virus, the economic lockdowns, and the multi-trillion-dollar rescue efforts of central bankers have dominated markets over the past three months.
However, as lockdowns gradually lift and the 2020 election draws nearer, investors will begin to focus more on political developments.
The once-strong economy that President Donald Trump had hoped would propel him to re-election has collapsed. The President has also taken a tremendous amount of heat from the media over his handling of the COVID-19 crisis, and that has hurt his poll numbers.
Thursday, May 28, 2020
Implications for Gold – 2007-9 Great Recession vs. 2020 Coronavirus Crisis / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
When the economic crisis hits, the first instinct is to analyze the previous catastrophes to learn what to expect from and how to handle the current calamity. So, not surprisingly, many analysts have already pointed to the 2008 global financial crisis (GFC) as the most relevant example. However, is really the current coronavirus recession similar to the Great Recession? Let’s compare these two big crises and draw investment conclusions for the gold market!
First of all, in terms of scale and pace of the decline, the current crisis is much broader and deeper. It hits practically the whole globe, not only advanced countries, and it affects all offline sectors, not just the financial sector and construction. And in just four weeks, 22 million of Americans made claims for the unemployment benefit. For comparison, during the Great Recession, 37 million unemployment claims were filed. But the Great Recession started in December 2007 and ended in June 2009, so it lasted one year and half. When it comes to output, the cumulative decline in the real GDP amounted to 4 percent during the Great Recession. Meanwhile, just two months of mitigation measures are estimated by some economists to shrink the real US GDP by 10 percent. Even the overly optimistic IMF expects that the US economy will shrink 5.9 percent this year.
Tuesday, May 26, 2020
Silver Springboards Higher – What’s Next? / Commodities / Gold & Silver 2020
By: MoneyMetals
The silver market is on the move. In fact, it’s finally moving out ahead of other precious metals and showing some real leadership.
After the panic selling of March briefly brought spot silver below $12/oz, prices have since surged by 50%. That’s an impressive move to take place within the span of just two months.
The question for investors now is whether the recent rally in silver is fleeting or sustainable – whether it’s evidence of extreme market volatility that suggests more danger ahead or the first leg of a much larger bull market to come.
In our view, there is good reason to believe that the March 2020 lows will never be violated and that silver is therefore in a structural bull market.
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Monday, May 25, 2020
Will Powell Decouple Gold from the Stock Market? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market?
Powell Gives Interview and Testifies
Powell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine “60 Minutes,” while on Tuesday, he testified before Congress. What did he say? In an interview, Powell tried to persuade viewers that the Fed has not exhausted its powers to help the economy: “we’re not out of ammunition by a long shot (…) So there’s a lot more we can do to support the economy, and we’re committed to doing everything we can as long as we need to”. But are you really so powerful, if you need convince others that you are powerful?
Saturday, May 23, 2020
Gold Silver Miners and Stocks (after a quick drop) Ready to Explode / Commodities / Gold & Silver 2020
By: Submissions
The move of a lifetime is just beginning!
The senior mining companies have led this rally for the past year. In the metals sector you get leadership rotation from bullion, silver, senior miners, and junior miners. Silver and the junior miners have yet to break out of their 2016 highs, but it's coming. We believe the junior miners will be next and break through the elusive $52 level.
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Friday, May 22, 2020
Reading the Tea Leaves of Gold’s Upcoming Move / Commodities / Gold & Silver 2020
By: P_Radomski_CFA
To be bullish or not to be – that is the question. Or it might have been the question, if someone named Shakespeare wrote a piece titled Investhamlet.
The choice whether to be bullish or bearish or neutral on a given asset should be made each day, each time based on the information that is currently available. Let’s check the new signs that we saw yesterday.
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Thursday, May 21, 2020
Gold, Silver, Mining Stocks Teeter On The Brink Of A Breakout / Commodities / Gold & Silver 2020
By: Chris_Vermeulen
This week has been a wild and emotional one and it’s just started!
With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.
My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, to everyone share being sold at the bid. Any reading over 3 is considered bearish short term, so ten was extreme. After the pop on Monday, stocks/indices closed lower by 1-2% on the session respectively the following session.
I have reiterated over and over, big moves (and gaps) in the price in the stock indexes that occur from the news are generally given back within a few days. This is still what I feel is going to happen in the coming days, albeit the last hour on Tuesday may have started that retracement.
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Wednesday, May 20, 2020
Silver Is Ensured A Prosperous 2020 Thanks To The Fed / Commodities / Gold & Silver 2020
By: Hubert_Moolman
In my previous article, I’ve written about how important US dollar movements are for future Silver prices. The chances of a significant Silver rally during US dollar strength is very low; and it is very high during US dollar decline.
The structure of the Silver bull market since 2001 has a lot in common with that of the 70s bull market. However, one of the important differences pertains to US dollar movements.
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Wednesday, May 20, 2020
WARNING: Shady “Rare” Gold and Silver Coin Dealers Are Circling Like Vultures / Commodities / Gold & Silver 2020
By: MoneyMetals
Nervous investors have been pouring into the gold and silver markets over the past two months.
Money Metals Exchange is proud to have helped almost 20,000 new customers with a precious metals purchase in recent weeks, many of whom came over from other dealers struggling with inventory shortages and ridiculous delivery delays.
A new wave of investors is getting the message; the Federal Reserve will never stop printing currency units and punishing savers with lower interest rates, Congress will never put deficits under control, and the government-terminated U.S. economy may not recover for years.
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Tuesday, May 19, 2020
Silver Price Begins To Accelerate Higher Faster Than Gold / Commodities / Gold & Silver 2020
By: Chris_Vermeulen
Precious metals have been on our radar for many months and, if you’ve been paying attention, you probably already know our research suggests Gold and Silver are one of the best investments you can make right now. Recently, we shared this article suggesting Gold would need to rally above our proprietary Fibonacci Price Amplitude Arc (GREEN Arc) level near $1745 before it would attempt a bigger upside price move. Additionally, just a few days ago we published this article suggesting Silver would begin to rally even faster than gold.
Today, both Gold and Silver are making bigger upside price moves with Silver up over 3% while Gold is up 1.3%. We believe this nearly 250% faster Silver advance may be the start of what we have been predicting for many months – an incredible parabolic upside price advance in BOTH Gold and Silver.
Earlier research by our team suggested that a set up would happen in Precious Metals where Silver began advancing much faster than Gold and that this move would likely prompt a downside move in the Gold to Silver Ratio targeting the 50 to 65 level. Our earlier research suggests when this move/setup begins, we could begin to experience a nearly 250% to 350% rally in gold, targeting $3750 or higher, and a 550% to 650% rally in Silver, targeting over $70, over a 12+ month span of time. This article, today, is alerting our readers that we believe this SETUP is happening right now and the upside rally in precious metals should begin to really accelerate over the next 5+ months.
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Tuesday, May 19, 2020
Gold Will Soar Soon; World Now Faces 'Monetary Armageddon' / Commodities / Gold & Silver 2020
By: MoneyMetals
Mike Gleason (Money Metals Exchange): It is my privilege now to interview our good friend, Greg Weldon, CEO and President of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and he even authored a book back in 2006 titled Gold Trading Boot Camp where we accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. He's made some fantastic calls over the last few years here on our podcast and it's great to have him back with us.
We did speak to you back at the end of February before all this madness started. At the time, COVID-19 had begun seriously impacting economic activity in global markets, maybe not so much in the U.S. Now, just two months later, more than 30 million people have filed for unemployment, GDP was deeply negative in the first quarter and figures to be even worse here in Q2. But the equity markets are acting as if the worst is behind us. We got a major correction followed by an almost relentless rally. Our take is that equity markets are completely disconnected from reality. They are hitched, instead, to the Fed's magic money machine. What is your take on how stock markets are behaving here, Greg?
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Monday, May 18, 2020
Gold Mining Stocks Fundamentals / Commodities / Gold & Silver 2020
By: Zeal_LLC
The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage from governments’ lockdowns.
With officials around the world waging a scorched-earth war against this COVID-19 pandemic, the gold miners’ latest quarterly results are more important than ever. While this earnings season covered Q1’20, most gold companies didn’t release their quarterly reports until the last couple weeks. In them they had to disclose the ongoing impact of governments’ COVID-19 lockdowns current to those quarterlies’ release dates.
US securities regulations require American companies to report quarterly results by 40 calendar days after quarter-ends, a deadline that just passed this week. In Canada where the majority of the world’s gold stocks trade, that deadline is looser at 45 days. Unfortunately this year Canadian companies were granted the ability to extend their reporting by an additional 45 days to help cope with COVID-19’s impacts.
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Sunday, May 17, 2020
Powell Sends a Message With Love for Gold / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Powell gave a much-awaited speech yesterday, in which he sent one bearish and two bullish messages for gold. What exactly did he say and what does it mean for the yellow metal?
Powell Sends One Bearish and Two Bullish Messages for Gold
Jerome Powell gave a speech yesterday at the Peterson Institute for International Economics. The Fed Chair acknowledged the unprecedented depth of the coronavirus crisis, and its disastrous impact for the US labor market, something we also noted many times: