Gold defies a hawkish Fed
Gold defied another hawkish Fed decision this week, consolidating high in its immediate wake. That was an impressive show of strength, after this extreme Fed tightening cycle hammered gold for a half-year or so. That strong performance reflects gold-futures speculators’ weakening resolve to keep shorting. With their long-side selling exhausted, they have massive mean-reversion buying…
Euphoric Dollar Vexing Gold
The euphoric US dollar’s epic parabolic surge over this past half-year continues to sorely vex gold. The dollar’s vertical march to extreme secular highs spawned heavy gold-futures selling, slamming gold. The resulting lower gold prices have scared away investors, leaving gold languishing near deep lows despite an inflation super-spike raging. This fundamentally-absurd market anomaly can’t…
Gold stocks V shaped bounce
Though still battered, the gold stocks are starting to stage a comeback. They just screamed higher out of fundamentally-absurd stock-panic levels in a violent V-bounce! That big surge fueled by gold’s parallel one is already starting to shift sentiment away from excessive bearishness. The gold stocks more than doubled soon after the last time they…
False Gold-Stock Panic
The left-for-dead gold miners’ stocks are literally trading at stock-panic levels today! But they’ve been slammed to extreme lows in recent months on a false premise. Traders assume gold’s parallel plunge must be fundamentally-righteous. But that was driven by enormous gold-futures selling on anomalous market events. As these unsustainable extremes inevitably reverse hard, the battered…
Gold languishing but its upside remains
Gold continues to languish near major lows after a rough summer, deeply out of favor with traders. Oddly this leading alternative investment seems oblivious to the first inflation super-spike since the 1970s. That should be driving big gold demand, fueling a major upleg. But that classic inflationary response has been temporarily delayed by heavy-to-extreme gold-futures…
Silver Miners’ Q2’22 Fundamentals
The silver miners’ stocks have been thrashed in recent months, battered back down to stock-panic prices. That dreadful technical action has left this sector abandoned and forgotten, traders avoiding it like the plague. But the greatest opportunities to buy low and multiply wealth come when sectors are the most-despised. The silver miners’ recent earnings season…
A Reboot of the Golden Age of Gas
In 2011 the International Energy Agency (IEA) posed an intriguing question in a special report on the world energy outlook. At the time oil and gas producers in North America were in the midst of a booming market for shale gas drilling; nuclear power was facing a troubling future, and facilities for liquefying natural gas…
Gold Stocks Deeply-Undervalued
The gold miners’ stocks have been hammered to deeply-undervalued levels in recent months. Slammed by heavy gold-futures selling driven by an extreme parabolic US-dollar surge, the gold stocks have been largely abandoned. That left their stock prices anomalously low relative to gold, which overwhelmingly drives their earnings. This portends a massive mean-reversion higher to normalize…
Gold stocks displaying strong seasonality
The gold miners’ stocks have been thrashed in recent months, crushed as heavy futures selling slammed gold. That obliterated any residual sector bullishness, leaving gold stocks wildly-oversold and deeply-out-of-favor. But having weathered a rough early summer, the battered miners and their metal are trudging back into their traditional strong season. That begins with robust autumn…
King Coal Lives On
Since the dawn of the industrial revolution, “King” Coal has been powering economic expansion around the world. By 2021 in a world reportedly choking on fossil fuel emissions in the atmosphere, the United Nations sponsored a conference on climate change in Glasgow Scotland. The COP26 conference ended with an agreement signed by many – but…
