Econ Data is Burning, and Gold Technical Analysis for Luddites
A technical analysis Luddite is a trader/investor who despises automated trading platforms and realizes the only way to beat the machines 70% of the time is to play them at their own game – pattern recognition and math. Improvise, adapt, and overcome with fusion...
A.I.-Hammered Muppets and Gold Technical Analysis
The results from a recent study are incredible, and unfortunately, I am not surprised. The report found that 29% of Americans still believe the U.S. dollar is backed by gold. The objective of the study was to see how well the average consumer understood the Federal...
Gold and Silver Mining Stocks Poker for a Late Fall Rally – Technical Analysis
Just over four months ago, I published “Minding the Gold Mining Stocks and GDX” on Jun. 7, followed by “Gold Mining Stock Poker and the Gold Bugs Index Breakout” on Jun. 23 and Part 2 on Aug. 21. A list of mining stocks to consider and their price performance are...
A Mashup on the National Debt, GDP, Velocity of Money, NIRP, and Gold
The U.S. national debt-to-GDP (Gross Domestic Product) ratio as of today’s 2.9% 3Q19 GDP report is 106.5%, otherwise known as bankruptcy if it were not for hegemony over the world’s reserve currency. As a side note, consumer consumption experienced a nosedive to 1.7%...
Breakout Calls from the Bleacher Seats is Premature – Silver Technical Analysis
The seasonality pattern for gold has been spot-on this year and silver is off by a week or so. Silver is currently in a window of opportunity where it might break above the price consolidation that has taken place since early September. There was no major change in...
Core Money: Gold and Silver’s Value Universe
I personally own precious metals because it's the sensible thing to do. With the national debts of all modern nations, from Australia to Japan, the entire continent of Europe, Canada, and the granddaddy of all debtor nations, my native U.S. of A. ballooning into the tens of trillions, it's not even an option to have only fiat digits in your asset portfolio. Educate yourself on the all-important attributes of precious metals investments!