TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 17, 2018 "This is the end, beautiful friendThis is the end, my only friend, the end" The Doors, The End, 1967 "We have two kinds of forecasters, those who don't know and those who don't know they don't know." John Kenneth Galbraith, e...Read More
We are going to start this update on a positive note by pointing out that the gold to silver ratio recently reached a 24-year record extreme as shown by the 20-year chart for this ratio below, which alone is a sign that the sector is close to a bottom and also that a major new bullmarket is likely to start before much longer. However, there is the small matter of a looming market crash and the c...Read More
By John MauldinBreathless ReportingAn Inverted Yield Curve Is Just a FeverEarly PredictorRecession ProbabilityA Little TimeCleveland, San Francisco, Boca Raton, and SICEverybody is suddenly talking about the inverted yield curve. They're right to do so, too, but alarm bells may be premature. Inversion is a historically reliable but early recession indicator. The yield curve isn't saying recessio...Read More
By Jordan Roy-Byrne CMT, MFTA If we want to know where Gold is going we should follow Gold. Right? How about following gold stocks? At times, they lead Gold. What about the US Dollar? Wrong! In 2019, one market more than any other will impact Gold. That is the stock market. History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold's downtrend will...Read More
The past few years have seen more than the usual amount of political upheaval. But, interestingly, most regime changes have resulted in pretty much the same thing: Higher government spending and bigger deficits. Apparently the only "reforms" today's voters will accept - which is to say the only actions that don't get a leader kicked out of office - involve spending rather than saving money. Thre...Read More
By Steve St. AngeloThere has been a tug of war in the oil price over the past two weeks. Due to a very rare setup in the market, the oil price has traded in a very narrow range as traders fight it out to see who will win control... the BULLS or the BEARS. My bet is on the bet is on the bears. Amazingly, the oil price is literally stuck right between two critical technical levels.Ever sinc...Read More
With the uncertainties of Brexit weighing on Britain and the EU, their respective currencies have been taking a beating. The euro is in a long-term bear market that has seen a drop from $1.60 in 2008 to a low early last year of $1.03. Over that time, sterling has fallen from a surreal peak of $2.11 to a sobering $1.20. Although these trends do not speak well for the economic and political futu...Read More
Featured GuestsGerald Celente & Peter SchiffShow HighlightsFounder of the Trends Research Institute and Globalnomic(R) Trend Forecaster Gerald Celente returns with the economic forecast for the new year. $1,200 is the floor for gold - once the bulls push the price over $1,450 the sea change in sentiment could ignite an ascent to a new record over $2,000. Topping the list of catalysts that could...Read More
We are going to start this update on a positive note by pointing out that the gold to silver ratio recently reached a 24-year record extreme as shown by the 20-year chart for this ratio below, which alone is a sign that the sector is close to a bottom and also that a major new bullmarket is likely to start before much longer. However, there is the small matter of a looming market crash and the c...Read More
By John MauldinBreathless ReportingAn Inverted Yield Curve Is Just a FeverEarly PredictorRecession ProbabilityA Little TimeCleveland, San Francisco, Boca Raton, and SICEverybody is suddenly talking about the inverted yield curve. They're right to do so, too, but alarm bells may be premature. Inversion is a historically reliable but early recession indicator. The yield curve isn't saying recessio...Read More
By Jordan Roy-Byrne CMT, MFTA If we want to know where Gold is going we should follow Gold. Right? How about following gold stocks? At times, they lead Gold. What about the US Dollar? Wrong! In 2019, one market more than any other will impact Gold. That is the stock market. History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold's downtrend will...Read More
The past few years have seen more than the usual amount of political upheaval. But, interestingly, most regime changes have resulted in pretty much the same thing: Higher government spending and bigger deficits. Apparently the only "reforms" today's voters will accept - which is to say the only actions that don't get a leader kicked out of office - involve spending rather than saving money. Thre...Read More
By Steve St. AngeloThere has been a tug of war in the oil price over the past two weeks. Due to a very rare setup in the market, the oil price has traded in a very narrow range as traders fight it out to see who will win control... the BULLS or the BEARS. My bet is on the bet is on the bears. Amazingly, the oil price is literally stuck right between two critical technical levels.Ever sinc...Read More
With the uncertainties of Brexit weighing on Britain and the EU, their respective currencies have been taking a beating. The euro is in a long-term bear market that has seen a drop from $1.60 in 2008 to a low early last year of $1.03. Over that time, sterling has fallen from a surreal peak of $2.11 to a sobering $1.20. Although these trends do not speak well for the economic and political futu...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a mo...Read More
It has been a solid year for precious metals miner North American Palladium (TSX:PDL), which destroyed considerable investor value after a poorly conceived expansion in 2013 that led to a 2015 restructuring to avoid bankruptcy. The miner has gained 12% for the year to date and appears poised to rise further, despite the uncertain outlook surrounding precious metals.The outlook for palladium is po...Read More
Gold has surged in recent days to be up trading at over US$1,235 per ounce, but despite the latest rally, it is still down by almost 3% year to date. There is every sign that the yellow metal could firm further because of growing fears of a global economic slowdown, rising geopolitical risk, and fears of a crisis in emerging markets. Firmer gold has helped to boost the price of gold miners, with t...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a mo...Read More
A couple of my subscribers emailed me expressing frustration over the fact that their recent homebuilder puts are either not moving higher or losing value despite the sell-off in the overall stock market. There's two factors. First, the homebuilder sector has dropped well over 30% since late January. To an extent there may be some seller's fatigue. At some point there will be short term rally that...Read More
A 62-kilogram sample of native gold found at the Beta Hunt Mine in Australia. Source: RNC Minerals Corp.RNC Minerals Corp. [RNX-TSX], aka Royal Nickel Corp., said Monday December 17 that it is raising $9 million to fund exploration and development at its Beta Hunt gold mine in Australia and for general corporate purposes.The company said a syndicate of underwriters have agreed to purchase 13.04 mi...Read More