• Category : Market Updates

  1. GOLD SHARES – YEAR END RALLY? OR IS 2016 THE YEAR THE STREAK ENDS?

    Gold mining shares are set for a record 5th straight year of declines in 2015 unless a significant rally develops in the fourth quarter of this year. The previous period of consecutive down years for gold mining shares as represented by the XAU was three years, which occurred twice. The prospect for a sixth straight…

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  2. RACE TO DEBASE – CHINA JOINS THE FRAY

    On the heels of a 9% decline in exports, two months of capital outflows, a stock market crash and the renminbi not being included in the SDR currency basket, the Peoples Bank of China moved to lower the renminbi peg to the US dollar with a 3.4% devaluation over two days. For one billion Chinese…

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  3. GOLD SEASONALITY

    According to work compiled by Dimtri Speck, June historically has been the seasonal low for gold prices in USD.  Why? The general explanation being nothing more than the summer vacation season causes less liquidity and seasonal holiday inventory re-stocking doesn’t begin until September. Gold Market Held Captive by FED The gold market has been held…

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  4. S&P/XAU Ratio

    The S&P 500/ XAU (Philadelphia Gold & Silver Mining Index) ratio chart below illustrates the extent gold mining shares are out of favor relative to the general equity market. The current ratio of 30.42 is close to the all-time high on the ratio set at the peak of dot com era in 2000 and the…

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