The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets – gold has spiked to around $1,350 four times, only to be smacked […]
Sudden Sentiment Shift: The Mainstream Rediscovers Precious Metals
It’s amazing what a few weeks of outperformance will do for an asset class. Gold and silver, after being pretty much ignored for the past few years, are now the shiny new toys of the investment world. From just the past couple of days: Highest Central Bank Buying in 50 Years Drives Growth in Gold […]
If You Could Design A Perfect World For Gold…
Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich? If so you’re in good – or at least numerous – company. So let’s sketch out such a world. […]
Gold Is Up Lately. Why Does It Feel So Disappointing?
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a big price […]
Jay Taylor: Gold Is The Go-To Safe Haven Of 2019
2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor’s latest newsletter, he concludes that both scenarios are good for gold: Which Safe Haven Markets Will Dominate in 2019? If we are, as I believe, on […]
Gold Mining Stocks Are Going Up Faster Than Gold
The past couple of years have been brutal for precious metals mining stocks. Gold and silver went down a little while the miners went down a lot – four times as much to be exact. That’s painful but not surprising. The miners, being in effect options on the underlying metals, tend to be a lot […]
Gold Is Setting Up For A Nice First-Half Rally
Precious metals investors don’t have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists for six or so months, sometimes it ends before the snows do. But either way it’s more fun than […]
Marin Katusa: Tax Loss Selling Season Will Produce Some “Particularly Juicy Gold Stock Opportunities”
Investors with beaten-down gold/silver mining shares in their portfolio have three choices: Dump those losers for the tax loss before year-end; hold on in the hope that they’ve bottomed and will go up next year; or take advantage of others’ tax loss selling to pick up the bargains thus created. Commodities analyst Marin Katusa recommends […]
This Is What A Paper Gold Short Squeeze Looks Like
Huge recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to close out their historically extreme short bets. Put another way, too many traders were using gold futures contracts to bet that precious metals will go down, and when those bets are […]
Gold Is Becoming Cool Again
The sentiment shift is still subtle, but it’s both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive press and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has […]
Last Week Was Just A Taste Of The Coming Gold Short Squeeze
The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they’ve ever been and commercials going even more long. Here’s the gold data in chart form: These are historically huge imbalances that – if the action in the paper markets […]
12 Rules For Investing In Junior Miners
Stock discussion boards can be exhausting places, with nuggets of wisdom and occasionally actionable information buried in mountains of invective and aimless meandering. But the nuggets are sometimes worth the search. Here — courtesy of a poster called doourdiligence — are 12 rules for junior miner investing that would, if followed, make the sector a […]
Marin Katusa’s Top Gold Miner Takeover Candidates
Commodities analyst Marin Katusa makes a compelling case that regardless of what gold does in the near term, some miners are likely to be bought out at nice premiums to current prices. Here are two of them: The Right Price: Are Pretium Resources and Detour Gold for Sale? The gold market is in a funk. […]
The Paper Gold Market Is Screaming “Short Squeeze”
Every once in a while the trading action in a given market breaks through its historically normal boundaries and starts exploring new territory. This can mean one of two things: Either something fundamental has changed, creating a “new normal” to which participants will have to adapt. Or the extreme move is a temporary aberration that […]
Gold And Silver Are Acting Like It’s 2008. They May Be Right
2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the half-decade that followed. Today’s world is beginning to feel eerily similar. Let’s start with a little background. The mid-2000s economy boomed in part because artificially low interest rates had ignited […]
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