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Thursday
Aug072014

MANIPULATION IN THE GOLD MARKET AND A RELATED OPPORTUNITY

Overview

·       Barclays’ $44-million fine is the most recent evidence that gold prices have been manipulated for eighty years

·       The manipulation serves to inspire confidence in the US dollar

·       Gold should be owned as part of a diversified portfolio, and we have been presented with a wonderful opportunity to purchase it below its free market price

The manipulation of gold is self-evident

Arthur Schopenhauer said that “All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” Well, it is now self-evident that the gold market is manipulated. On May 23, 2014, Barclays was fined $44 million for failures in internal controls that allowed a trader to manipulate the setting of gold prices. It’s egregious that this occurred just one day after the bank was fined for rigging LIBOR interest rates in 2012. To those with a passing interest in gold,

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Thursday
Aug072014

Bonds & Bullion Bid As Dow Dumps To 4-Month Lows Amid Geopolitical Chaos

 

A day dominated by geopolitical headlines saw stocks hit 4-month lows, gold jump to 3-week highs, and bond yields tumble to 14-month lows. The Dow made new "sell in May" lows today, now -1.5% from end-April (joined in weakness since then by the Russell). The S&P 500 broke its 100-day moving-average (and did not bounce) as USDJPY broke the critical 102.00 level. The Dow stalled at its 200-day moving-average (16343).

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Tuesday
Aug052014

Richard Russell - This Immoral & Evil Power Will Doom Us All

At 90 years old and still going strong, the Godfather of newsletter writers, Richard Russell, warned about an immoral and evil power that will doom us all.  The 60-year market veteran also discussed major markets, gold, inflation, and mentioned an asset class he expects will end up in a mania.

Russell: Gold symbolizes the omnipresence and all-power of God.” Emmet Fox

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Friday
Aug012014

Guest Post: The EU's Anti-Austerity Hypocrites

Authored by Steve Hanke of The Johns Hopkins University in Baltimore,

The European Union (EU) is still in the midst of an economic slump. Many members of the political class in Brussels claim that fiscal austerity is to blame. But, this diagnosis is wrong.

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Thursday
Jul312014

Gold’s Advance is being capped by the Dead Cat Dollar’s Recovery

Background

We are gold and silver bugs and as such we are aware of the myriad of factors that affect the price movements in the precious metals sector. Today we will take a quick look at just one of them; The US Dollar.

2013 was a disastrous year for gold as it ended the year at around the $1200/oz. Gold started 2014 in good form rising to $1380/oz in March before falling back to $1240/oz and then it rallied again to $1340/oz. Since then it has declined to trade today at $1295/oz. So we can see that gold is up approximately 8% so far this year which is good progress, however, it is still 32% down its high of $1900/oz which it achieved in 2011. Silver prices and the gold producers, as represented by the Gold Bugs Index the HUI, also performed in a similar way to gold.

So we are now faced with the question of

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Wednesday
Jul302014

US Fed Stays The Course

The taper continues.

The Federal Reserve’s Federal Open Market Committee just announced its latest monetary policy decision, and there were no surprises.

The FOMC said it would take another $US10 billion off its monthly asset purchases and keep interest rates between 0%-0.25%. The Fed began paring its rate of monthly asset purchases, known as quantitative easing, last December.

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Tuesday
Jul292014

Gold Price In 2014 Consolidating Above Major Support Area

 | July 25, 2014 |


So far, the gold price in 2014 in the first six months has been trading in a tight range between $1190 and $1390. The yellow metal had one significant rally in February / March and one moderate rally starting in June.

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Thursday
Jul172014

2013 Was A Phenomenally Successful Year for SKOPTIONSTRADING

2013 Performance Comparison Chart


The year 2013 was a disaster for the precious metals sector as gold, silver and the miners were sold off hard. The skoptionstrading team took a bearish stance during this period and generated superb profits for their subscribers.

The above chart shows a return of 92.28% for our options trading service compared with the torrid time that beset gold, silver and the miners,

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Wednesday
Jul162014

Could the imminent Golden Cross on the Dollars Chart be the counter balance for Gold’s Progress?

A golden cross is when the 50dma swings in an upward direction through the 200dma. Gold has just experienced one, silver could experience one in a week or so and the HUI has just experienced one. As we all know none of these technical indicators are perfect and they don’t always work out as expected, but these crossovers in the precious metals area give rise to hope of higher prices.

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Wednesday
Jul162014

Fed kicks off global dollar squeeze as Janet Yellen turns hawkish

A vast wash of dollars flooded the global financial system when the Fed cut rates near zero and then bought $3.5 trillion of bonds. This may now go into reverse

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