Reminder: U.S. Markets close at 1:00 PM today and won’t reopen until Monday, December 28, 2020. Because Markets are closed Friday for Christmas, tonight’s report will act as the Weekend Newsletter. The stimulus saga continues. President Trump is asking for $2000 payments to individuals versus $600. Congress could amend the bill and vote […]
Continue Reading →We have a Fed announcement tomorrow at 2:00 PM, followed by Chairman Powell speaking at 2:30. There is some speculation the Fed will increase their asset purchases. I don’t think they will do anything until the employment numbers get much worse. Either way, it will be important to monitor gold’s reaction following their decision. […]
Continue Reading →After painting a somewhat dire picture in my global depression article, I wanted to expand on the developments that have me concerned. It’s clear to me that the retail trading frenzy is reaching extremes. Typically, this type of behavior precedes a collapse. I don’t know what, and I don’t know when, but the market seems […]
Continue Reading →As an analyst, I am continually looking for rogue waves and black swan events. In my experience, it is the crisis we do not see coming that hurts us most. Over the last few months, I have seen and heard some things that now have me concerned. I will describe them below, and you […]
Continue Reading →Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week. If gold breaks below $1850 sooner than later, that could open the door for an extended correction into December. Overall, precious metals are in structural bull markets, and sharp pullbacks are considered long-term buying opportunities. […]
Continue Reading →There is a significant uptick in coronavirus cases, and lockdowns are resuming. The likelihood of a double-dip recession is increasing, and we could see another sharp selloff in stocks. The 1980 pattern in the Dow is very similar to what’s transpiring now. If the stock market peaks next week like it did in 1980, […]
Continue Reading →Gold prices closed above their October high, and I see the potential for a divergent 6-month low. With COVID cases hitting new highs, the potential for lockdowns and a double-dip recession are climbing. Congress is unlikely to reach a stimulus deal unless the markets are tanking. How prices finish the week is crucial. I […]
Continue Reading →The US elections are next week, expect a significant uptick in volatility. The markets hate uncertainty, so a close or disputed election could send stocks reeling. Covid numbers are on the rise globally, and we are starting to see more shutdowns. This could impede the recovery and disrupt supply chains. I see a generational […]
Continue Reading →With the elections just one week away, markets continue to trade mostly sideways. The news has switched to rising COVID numbers and earnings. Little changed in precious metals over the last few days, so tonight’s report will focus mostly on energy. Overall, I continue to look for one more decline in […]
Continue Reading →Gold is dropping into the next 6-month low. If everything continues on schedule, we should have a bottom in the first half of October. A Multitude of Outcomes Several variables, from the stimulus negotiations, to the elections, and now the President’s health, could alter gold’s near-term trajectory. Not to mention the potential for […]
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