Gold

For relevant analysis of gold prices, the so-called "fundamentals" provide scant help. What is required is an understanding of the macroeconomic drivers at play. This article addresses 9 such factors.

As a gold bull I want to believe that gold is going to start moving higher from here, but unfortunately I think the odds remain stacked against this, and that we will see further downside before the bull market resumes. I will first go through the reasons why I think this is the case and I will then discuss how to play this.

We do not engage in any “predictions” of what the market will do as it is an exercise in ego and folly, and a waste of time. One need only go back to those who are making predictions for 2015 and read what was predicted for 2014 for proof. All we can say is that little can be added to what has already been said and that is that the trend remains down in gold, and until there is evidence of a strong reversal, this market continues to move along the Right Hand Side of a weak Trading Range.

We choose to focus on the charts because a reflection of developing market activity tells the most accurate and current story. It is not a promising one heading into 2015, however, but it is reality, and to expect anything else will lead to the same disappointments of 2013 and 2014. Forget the ego-driven predictions that have all proven wrong again and again, and deal with what is - and this article deals with what is by looking at the charts.

The movie Goldfinger, in which James Bond stops a plot to radiate the U.S. gold at Fort Knox, may actually turn out to be more truth than fiction. Why? Because there is speculation that some radioactive gold made its way into U.S. Treasury Gold Reserve. Let me explain.

12 short months ago, the immediate future looked like a lock yet 2014 turned out to be a pretty good year for the powers that be and the economic theories that animate their behavior. 2014 should not have happened, but it did, and now the sound money community is left trying to figure out what it missed and, crucially, whether what happened refutes the sound-money/gold-bug case, or simply delays it. This article has the answer.

I must take Harry Dent to task regarding his adamant call of $250-$400 gold...In my mind he is dangerously "DELUSIONAL" because following his advice will place you in grave danger. Here's why.

2014 is ending unexpectedly for PMs, considerably weaker than what most thought would be sharply higher prices. Based on what the charts are conveying, at least the initial part of 2015 will not fare much better. Supply and demand are not the driving factors - world financial dominance is [and most]... PM “experts” are not focusing on this aspect. [Let me do so and show you how such a factor is the price trend in gold and silver in the charts provided.]

This one seems like a no-brainer. The government or the central bank prints more bonds, notes and bills, and prices for things go up in response. Gold is real money, so it must fluctuate along with the inflation rate. It’s basic physics but it doesn’t happen that way. Let’s examine the history of inflation and the precious metals since the low of the Great Depression.

There is a potential for gold to be forming a bottom, based on the explanation provided on the chart below, but there are a few steps that must be met before anyone can say, “The bottom is in.” If these simple but important steps are not met, then there is the likelihood that yet another low can occur.