Gold

I am of the opinion that the current level for gold, and gold and silver miners, is near enough to a bottom as to render the downside risk limited. This is a dip, so buy it; do not sit on the fence!

GAM, an investment firm with more than $119 billion in assets under management, says conditions are perfect for gold prices, comparing the market to a potential wildfire that is just waiting for the right spark.

One of the challenges of analyzing trends in the gold price and the gold market is the effect of fluctuating currency exchange rates on the price. What we think of as the "gold price" is really just the gold price measured in U.S. dollars. What is needed is a single metric to look at for a currency-neutral measure of the gold price that removes the effect of the U.S. dollar and I have identified a ratio that does just that and it reveals that one should maintain confidence that the gold bull market will continue, and not to be overly worried by the recent correction in the price of gold and mining stocks. Word count: 532

All sorts of opinions are flooding in about why GLD & HUI are declining, what's coming next and why investors should buy or why they should sell. Panic seems like an appropriate description of the current emotional state for many gold bulls. The fact of the matter, however, is that gold is simply declining because... Word count: 588

Gold is set in the “cycle” to rise very aggressively to start to price in the real extent of Dollar Supply increases to date, along with more that is coming. Thus, the DJIA:Gold ratio is ready to bust lower as Gold busts up and out of the historic flag. From that breakout down,

The spike in gold/silver mining stocks convinced a lot of people that a new bull market had begun but last week's brutal smack-down scared the hell out of many of the same folks. The latest commitment of traders (COT) report, however, implies that we should all relax. Things are playing out pretty much according to a script that's been in place for decades - and which points to happy times by early next year. Let me be more explicit.

Several analysts in favour of gold are predicting a spike to come in the precious metal’s price. They base this prediction on several arguments but, as far as I’m concerned, their arguments won’t be enough to push gold up toward new heights. There are two other elements that need to come into play, and we’re starting to see them.

Gold & silver remain within the eye of a deceptively manipulated economic hurricane. [Please note that this article is Michael's last weekly commentary on the markets having concluded that...]

We maintain the view that the rise in gold since the beginning of 2016 is not fundamentally supported, but that later in 2017 the inflation conditions and the value of the dollar, might provide a foundation from which a new gold bull market rally could grow. We, therefore, expect gold to drop down to meet the curve and test the $1,000/ozt. level as the dollar climbs out of its trading range.

Don't miss the `forest` for the `trees` when looking for a clear trend in gold prices and market activity. Here are some of those `trees` to consider - and which have some analysts predicting gold prices per ounce as high as $10,000 (Jim Rickards) to $12,000 (James Turk).