Commentaries

Gold means lots of things to lots of people. To some, it is a store of value, to others; it is a barbarous relic from a long-ago era of archaic finance. To some, it is a day-trading product, to others; it is meant for jewelry and little else. The issue with gold is that it … Continue reading

Despite the lack of trading activity in the United States due to the Independence Day celebrations, yesterday’s session in Europe was very interesting.

We are leading off with a discussion of gold mining stocks because the recent price action has created a situation that can now aptly be described as unprecedented. A consequence is that there has NEVER been a better time to buy gold mining stocks.

China has been notably relaxed about her own people acquiring gold, and the government itself appears to be absorbing all of China’s mine output. Russia is also building her official reserves from her own mine supply.

Without a doubt, this was a week of strong declines for the yellow metal.

The life cycle of most things not matter what it is (living, product, service, ideas etc…) go through four stages and the stock market is no different.

It’s not correct to think of today’s currencies as being ‘backed’ by the international reserve assets held by the central bank or government.

Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today.

The Australian gold sector (XGD) is selling today (intra-day) at a record 53.56% below its 200dma.

[ed: ‘Risk Off’ might seem obvious this morning, but NFTRH has been highlighting acute risk in the US stock market since leading indicators – including a sentiment extreme exactly opposite to the contrarian bullish extreme of 1 year ago – flashed warning signals weeks ago.  From NFTRH 244′s opening segment… I don’t know how to put it … Continue reading