It now appears that the gold complex has successfully tested support. Gold held above $1305, the low for the year set on March 5th and above the psychologically important level of $1300. The GDX, the gold miners stock ETF, held above the December 2017 low of $21.25. No new lows support the potential for an upturn. Gold closed up $33 […]
The opinions expressed in this blog are for informative purposes only. To the best of our knowledge, the information presented in the blog are accurate, however, we do not guarantee the accuracy of information. The views conveyed do not constitute investment advice and readers should seek professional advice when making financial decisions. Readers should not rely on the information, and those who do, do so at their own risk. Paramount Gold Nevada Corp. is not licensed as an investment advisor.
Where is the gold bull market that we predicted would begin about now? Here is our broad-based overview. The financial markets continue to expect an aggressive Fed going forward with four—even five—rate hikes this year and a continuing shrinkage of its balance sheet (Quantitative Tightening). Given this, gold has held up pretty well, essentially range trading, but the gold stocks […]
Valentine’s Day celebrated around the world is a time to express love and appreciation to friends, family and significant others. Narrowing down its history, seems to be more difficult and varies from culture to culture.
Following Christmas the January economic lows seem to turn around this holiday of love. Many fail to realize the vast impact this holiday has on retailers, […]
As we have noted here before, we believe that financial markets have generated the biggest bubble in history. There are many supporting facts for this view, from extreme measures of market sentiment to prolonged record low volatility, unprecedented low interest rates, record levels of leverage and historic over-valuation.
The bulls will try to tell you that earnings, economic growth and low […]
Gold on the Move
Since bottoming on December 11, 2017 at $1242, gold has tacked on nearly $100 to its price. What’s going on?
Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar […]
Gold is up nine of the last 12 Januaries with an average gain of over 4% and the trend has continued in 2018 with gold reaching an intraday high of $1327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to disappoint investors or the resumption […]
The Big Picture for Gold
This is a very frustrating period for gold investors. Global financial and geopolitical risks appear to be very high but gold has not responded. Gold and gold stocks are range-trading and have been since early March of this year. Gold is in a roughly $150 range (about 15%) while the HUI, a gold stock index, is […]
Since the birth of bitcoin, one question has repeatedly grabbed headline: will bitcoin replace gold? Comparing the two is inevitable as both are forms of money that are not issued by government and both offer anonymity to their owners.
Three differences are immediately evident. Gold is more stable (up 12% this year) while bitcoin is much more volatile, up six-fold this […]
Where to Hide in an S&P Bear Market?
Are you concerned that the major stock indices may finally correct, leading to the next equity bear market? That’s your call. But one thing is fairly certain based on history; when the next bear market in equities begins, gold stocks will rise.
Below is a chart put together by Palisade Global. The blue represents […]
Many gold analysts fall into the trap of treating gold like a commodity. So they analyze demand and supply to try to determine what the price should be, the same way they would look at copper or lumber.
Here’s the problem with that view. There are approximately 5.5 billion ounces of gold above ground and available to buy today. Nearly all […]