It is clear that Western capital markets no longer generally regard gold as money. It has been relegated to the status of a risk asset, useful collateral, or simply a commodity with a history of being used as money. This is a mistake.
Next Wednesday, May 1, begins a six-month period of unfavorable seasonality, of which we are commonly reminded by the saying “Sell in May and go away.” Research published by Yale Hirsch in the Trader’s Almanac shows that the market year is broken into two six-month seasonality periods. From May 1 through October 31 is seasonally unfavorable.
This regular column reviews the condition of several different markets including: stocks, commodities, currencies and precious metals. This week focuses on gold, the Dow Jones Industrial Average, crude oil, copper, and the British pound.
Wholesale market gold prices hovered around $1380 an ounce Wednesday morning in London, little changed from a day earlier, as European stocks continued to fall along with most commodities and US Treasuries gained.
This regular column reviews several different markets including: stocks, commodities, currencies and precious metals. This week focuses on the Dow industrials vs. the transports, the US dollar, and the junior gold miners fund (GDXJ).
On rare occasions I make specific, near-term market predictions. Now I am making a similar if bolder prediction: A larger correction, possibly a crash (20%+), appears imminent. There are various fundamental and market technical reasons for this view but these all follow from the same ultimate cause: policymaker activism.
Five and a half years on from the Great Recession and with stock markets approaching their all-time highs, the feeling among investors is that a new crisis is becoming less and less likely. However the evidence suggests that we’re moving closer to a financial crisis not further away.
This regular column reviews the condition of several markets, including stocks, commodities and precious metals. This week focuses on the Dow Jones Industrial Average, the FTSE 100, and the volatility in the sugar market. It also examines the question: is this the end of the gold bull market?
In both 2010 and 2011, Bridgewater was ranked the largest and best-performing hedge fund in the world. Therefore when they make bullish bets on stocks, commodities, oil & gold miners, investors should take notice.
The US Dollar has formed a potentially bearish chart pattern which could send the greenback considerably lower, something which would provide a significant boost to stocks, commodities and precious metals.
This regular column serves as a review of general market conditions and covers stocks, commodities, precious metals, currencies, bonds, and other areas that may be of interest such as rare earth elements and graphene.