In an unexpected move ON Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero (was 1.00%) and will be launching a new round of quantitative easing. The QE program will provide $500-billion worth of asset purchases, including Treasury’s and mortgage-backed securities. It’s unclear what this will do to the […]
Continue Reading →Last week will go down in the history books as one of the most violent and volatile weeks in stock market history. I hope you survived it. Precious metal prices collapsed throughout the week, especially on Friday. I’m curious to see next week’s COT report. I bet the commercials reduced their short positions dramatically. […]
Continue Reading →As we head into the weekend, I want to give you something to think about. What’s going on right now? There is a worldwide pandemic, and volatility is at 33-year highs. What do people do whenever fear is high? They rush to precious metals! Human nature is very predictable. What is insanely cheap […]
Continue Reading →I’m not sure which is more contagious right now, COVID-19, or the panic sweeping the markets. Currently, fear has a decisive lead. Fear is Contagious Never in human history has news traveled so fast. Social media spreads fear at the speed of light. Naturally, when confronted with a potentially harmful outcome, humans ALWAYS expect the […]
Continue Reading →Get ready for a volatile week! On Sunday, OPEC announced they could not reach an agreement, and Saudi Arabia slashed prices initiating an all-out price war. Oil prices plummeted over 20%, achieving a low of $27.00 overnight (currently $31.50). The 10-Year Treasury yield crashed to 0.38% and is currently trading around 0.46%. Unbelievable! The […]
Continue Reading →The markets are crazy, and volatility is spiking. Everyone now understands the coronavirus is a black swan type event that could potentially result in a global recession. I see two potential outcomes. 1) The coronavirus begins to fade after April with the warmer weather and is no longer a threat by July/August. This would […]
Continue Reading →The Markets Continue to Thrash About, Volatility Jumps *Earlier today, OPEC announced they were unable to reach an agreement. Oil prices plunged and are down over 8%. *Gold spiked to $1690.70 on the better-than-expected payroll numbers (273,000 vs. 165,000) before reversing sharply after 10:00 AM. Prices plunged t0 $1642.40 before bouncing (currently $1665). […]
Continue Reading →Trying to make sense of these markets is impossible. If I told you U.S. stocks would crash 14% in one week – how high do you suspect gold would jump? $50…$100…$150? I would guess at least $100 but probably more. Nope – Gold prices are down over $50.00 on Friday. All week I’ve been […]
Continue Reading →The gold cycle indicator finished the week at 358 and within the range of minimum topping. What’s that mean? It means gold has met the minimum requirements for a cycle top. Now that doesn’t mean prices will peak immediately. It merely suggests the 6-month cycle is nearing maturity, and we should start preparing ourselves […]
Continue Reading →Little changed in precious metals, prices continue to consolidate. I do see a correlation in gold that could imply an upward breakout within the next 1 to 3 trading days. A daily close above $1600 would reinforce this view. Since little changed concerning gold, I’d like to spend some time talking about Tesla and […]
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