Precious Metals

Interviews with Greg Weldon & Jesse Felder….

Hedge fund manager Erik Townsend with Fourth Turning Capital analyzes the outlook…

The gold and silver stocks have put in a bullish weekly reversal but Gold and Silver have not confirmed it. The interplay between the metals and the shares has been complicated in recent weeks. Hopefully this missive will make some sense of it as the two groups are sending mixed signals. Gold and Silver are … Continue reading

We’ve believed that Gold would need to break $1100 before we thought a bottom could start to develop. While that could still be the case, we are starting to see building evidence that precious metals could be forming a bottom. In the past we’ve written about the importance of Gold’s performance against other asset classes. … Continue reading

The precious metals complex is moving closer to a bottom, but it’s not there yet…

Precious Metals continue to be in a long bottoming process that began last summer. Though many quality juniors have already bottomed and while GDX, GDXJ and SIL probably won’t see new lows, the broad sector as a whole is struggling to push out of this long bottoming process. Traders always say price is all that … Continue reading

Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective for gold, silver, and mining stocks.

Gold kicked off the week at just over $1300 before declining to a low of $1278 yesterday.

The boom/bust cycle is caused by fractional reserve banking.

Briefly: In our opinion no speculative positions are justified from the risk/reward perspective.

Gold is now extremely oversold, with emotional opinion in paper markets unanimously bearish.

In the two months since my last update on USD Fiat Money Quantity, it has increased by $292bn to $12.861 trillion and is still growing rapidly as shown in the chart below.