1.10.17 Gold has been on a steady decline since Trump’s election victory (and a gradual decline since Brexit), but 2017 has been positive for the yellow metal so far. A retreating USD, consolidating US equity market, strong demand out of China ahead of the Chinese New Year, and market angst over Trump’s presidency, have all contributed to gold’s recent gains. With the 50 day moving average immediately overhead at $1,193 and gold trading higher in nine of the last eleven … Read More »
6.28.2016. In a move that sent shockwaves through every financial market, the UK voted to exit the European Union on Friday of last week. Gold immediately skyrocketed from the low $1,250s all the way up to over $1,360 with the price jumping all over the place for a large chunk of Friday’s early trading session. The fallout from the referendum has been substantial. Equities, especially financial institutions, have been hammered, UK credit was downgraded by a variety of credit agencies, … Read More »
British citizens sent a strong no confidence vote in the European Union in a surprise Brexit (BRitish EXIT from European Union). This is an extremely important technical step in the breakdown occurring in the global financial markets. “This is the worst period, I recall since I’ve been in public service,” Greenspan said on “Squawk on the Street” Friday Morning. He went on to say “There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went … Read More »
6.21.2016. The last time I wrote this report on June 9th, gold was at $1,270 and silver was at $17.30… one would think that the metals had barely moved! Gold took another crack at the psychological barrier of $1,300 last week but ultimately failed yet again to sustain gains above it. Now the market is anxiously awaiting the results of the imminent Brexit decision. On Thursday, UK voters will head to the polls to decide whether or not the United … Read More »
This webinar series is our solution to not only survive the next economic storm, but thrive and prosper through it. The 2008 Crisis was just a Warning! We have spent countless hours over the years designing and building this system, and we are very excited to make it available to you live and absolutely FREE Presentation is limited to 100 attendees and takes place Thursday June 30, 2016 at 1PM-2PM MST Webinar link and viewing instructions will be sent to … Read More »
June 2, 2016.On the Friday immediately preceding Memorial Day weekend, gold closed out the week disappointingly after trading lower for five consecutive days. In the absence of the US market on Monday of this week, that weakness continued and in thin trading conditions, gold tested all the way down to psychological support at $1,200. It immediately rebounded off this level though and has spent the rest of this week consolidating between $1,205 and the 100 day moving average, currently at … Read More »
5.24.2016. The USD, which is at a two month high against the euro and a three week high against a basket of currencies, continues to dictate the direction of the precious metals. Gold has traded lower for five consecutive sessions now and finally broke decisively below its 50 day moving average, a level that it more or less held above for the prior three days. Unable to attract bids in the face of the strong dollar, gold collapsed to finish … Read More »
The California gold rush was quite a time in American history, and there are several unique and fascinating little stories that surround this particular gold rush. For instance, the California gold rush began before California was even legally part of the United States, so perhaps your very concept of the gold rush would change if it had been known as the Mexico gold rush. Mexico had claim to the California lands but somehow shortly after gold was discovered California officially … Read More »
