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My favorite indicator for real time Gold demand is the amount of Gold in the GLD and its fluctuations over time. As we wrote in our book, the driving force for Gold is investment demand which is driven by changes in real interest rates. Western-based investment demand from big money (i.e Stan Druckenmiller and George … Continue reading
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Interview with Dan Norcini…
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Tiho Brkan was kind of enough to share these charts which provide insight into the sentiment in the precious metals market…. First is GLD and GLD physical holdings….. Next we have the rate of change for GLD’s value (of holdings)…. Here is Gold with the current positioning of large speculators and small speculators….. Last, here … Continue reading
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We know sentiment is bearish, but let’s view some indicators to see just how bearish it is…
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Murray Coleman of Barrons interviewed us in regards to the current situation in the metals and shares: Gold and silver futures finished on Friday at their lowest levels in six weeks. At the same time, popular ETFs investing in mining stocks closed higher on the week. That’s prompting some analysts to predict that the longer-term … Continue reading
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Market professionals and experienced investors consider it to be common knowledge that silver has more real-world uses than its precious metal sister gold. Silver is used in coins, photography, batteries, bearings, electronics, and mirrors. Silver also aids in numerous medical applications and even contributes to helping capture and use solar energy. The Silver Institute describes … Continue reading
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Relative Gold is also known as the real price of Gold. Its essentially a comparison of Gold against various asset classes. Why is this important? There are two reasons. First, the real price of gold tends to lead leverage performance (e.g the HUI/Gold ratio). Second, the real price of Gold often provides hints of the … Continue reading
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The S&P 500 has rebounded about 100% in 100 weeks. What crisis? What new normal? The economy is recovering and happy times are back again. Old normal is back. Stocks for the long run! Permabears be damned! The permabulls are back! Rates are low, core inflation is low, its Goldilocks time! US stocks are only … Continue reading
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At the end of December we posted a commentary titled “Three Things that could Halt Gold’s Run.” We theorized that strength in conventional markets pressures Gold. When stocks perform well, mainstream gurus and stock jocks can ignore Gold. Here is a snippet of our comment: Currently, stocks are performing well as are commodities led by … Continue reading
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Controlled markets in which price does not equilibrate supply and demand are often characterized by shortages. When this happens in gold market, it’s called “tightness” rather than shortages. It sounds better. The tightness in gold is revealed by the growing spread between physical and paper gold. This is revealed in the chart below. The tightness … Continue reading
