Gold & Gold Stocks Will Move Higher

When the Federal Reserve raises rates in June, if they raise rates in June, Gold is going to take off. If they don't raise interest rates in June then it's going to explode even higher and of course you know you're going to see an even bigger move in the gold stocks. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD))

Gold Stocks: Investors Are Not Believing In The Gold Rally

Gold (SPDR Gold Trust ETF (GLD)) continues to rise. It was up again today (yesterday). This is the highest gold has been since, I think, mid April we got above 1270.00 intraday, and we closed just a hair below it. 

But continuing the trend gold stocks were down. I think that Market Vectors Gold Miners ETF (GDX) was barely positive today (yesterday), the Market Vectors Junior Gold Miners ETF (GDXJ)  was down again. 

So gold stocks continued to trade weak in the face of rising gold prices and again what this has been telling me because this has been going on now for quite some time, is that the investors do not believe this rally because if they believed it they would be bidding up gold stocks.

We Have A Reverse Bubble In Gold

Big banks simply pursue their own self-interest and certainly Wall Street does not want the price of gold going up they want the price of stocks going up, they want the price of bonds going up that's where they generate all their fees so they have a vested interest in being negative gold. 

But it's also a kind of a self-perpetuating prophecy if they keep selling into the rallies and you have so much gold that trades in paper markets where it's not real, you have people buying gold from people who don't even have it and they're selling gold they don't own to people who don't want it but you have this huge paper market and there's a lot of selling pressure there. 

But I think ultimately the price of gold is going way up and the fact that maybe it's suppressed maybe it's intentional maybe it's just a result of people pursuing what they think is right but all bubbles are like that. You had bubbles in the dot-coms, you had bubbles in the housing market. 

This is almost like a reverse bubble in gold. We have a bubble in fiat currencies, we have a bubble in the US Dollar and when that bubble pops, those currencies are going to crash and you're going to see the collapse in the price of gold because the price of gold rising will be the collapse of the fiat currencies.

Gold: Holding On To Some Key Support

The last time I was talking I thought gold looked really good short-term on the chart,  I thought it looked like it was going to go up to 1300. Instead it went the opposite way, it went down towards 1200. Well it didn't get that low, it's just below 1220.

But you know it shows you that you know technical analysis doesn't always work. You know you're not just going to automatically get rich because you're looking at a chart. I thought the weak economic data would be a catalyst for gold. We got the weak economic data but gold went down anyway.

Now, it still looks like it's holding on to some key support. Gold is still doing well this year it's still beating the US stock market considerably this year as is just about every other market in the world I mean the out performance that I've been talking about so far this year between foreign develop markets and especially emerging markets is widening continuing to gain on the US market. (Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX))

Gold Will Rally Before The Fed Raises Rates

I think the gold price is going to rise well before the Fed gets around to raising rates in June if in fact they raise rates. (SPDR Gold Trust ETF (GLD), Gold Futures, Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold Stocks: Big Upside Potential

I think at this point I would just be buying these gold stocks because I think that gold traders are just being too timid and they do not appreciate the explosive nature of the rally that I think is in the immediate future in the price of gold. (Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold Stocks: Climbing A Very Steep Wall Of Worry

The reason these gold stocks are not moving higher is because we are climbing a very steep wall of worry. Because there is not a lot of conviction in the gold traders, they still do not get it. They still think that the interest rate hikes are bullish for the U.S. Dollar and bearish for gold. (Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold: The Correction Is Over

I think the correction in the price of gold is over but I do think there is some psychological resistance around this 1,300 level but we are going to blow through it and have a quick march up to 1,350. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Geopolitical Uncertainty Is Bullish For Gold

In uncertain times, investors and traders are drawn to the gold market. The precious metal proves it once again as the price of gold rose after the United States launched an attack on a Syrian airbase. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold Will Likely Take Out Resistance At $1,260

Gold closed above $1250, we have resistance at $1260. I think we will take it out. (Gold Futures, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

A Bullish Catalyst For The Price Of Gold

What I think it's going to really accelerate the price of gold going up is the fact that interest rates are not going up nearly as much as the market anticipates. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

A Gold Correction Will Be A Great Buying Opportunity

An interesting observation, gold stocks were down on Friday, they were also down on Thursday, in fact they had a sell-off at the very end of the day. I think the last 2 percent rise in the price of gold we had about a 4 percent drop in gold prices. Now, gold stocks rose early on and they did a very good job of forecasting this gold rally. So, the question is, are gold stocks now actively forecasting a sell-off, a profit taking or a correction in the gold rally? That is possible and if that is the case that is going to be a great buying opportunity because I do not think the correction will be very long lived or that deep and I do expect much higher prices later in the year. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Greenspan Expects Stagflation, Bullish On Gold Prices

Alan Greenspan is very bullish on the price of gold. He talked favorably about the price of gold. Yet the one thing that Greenspan still does not want to do is to accept any responsibilities. He does not want to accept the blame for all the bad things that he now thinks are coming. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Inflation Has Already Surpassed Yellen's Target

Year over year CPI (consumer Price Index) is now up 2.50%. That is the official number, obviously prices are going up a lot faster than that. But according to the government they are going up at 2.50%. If you take out food and energy and just look at the core, year over year changes 2.30%. 

Remember the Federal Reserve says their target is 2%. And when Yellen testified this week she said she was confident that we are going to hit it. Well, we are already surpassing it! (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold: A Very Strong Start To The Year

Gold up (SPDR Gold Trust ETF (GLD)), U.S. Dollar down, gold mining stocks (Market Vectors Gold Miners ETF (GDX)) up quite a bit, so far the year is not getting off to the type of start that all the experts were predicting. Again, I think that Wall Street experts are in for a big surprise based on how 2017 is going to shape out.

Stock Market: The Energy Rally Still Has Legs

I have a lot of energy related stocks in my portfolio. This energy rally (oil and energy related stocks), I think still has room to continue. On the contrary, the recent rally in financials is probably just a suckers rally. I am sticking stick with the energy related stocks, I am sticking with the miners. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Energy Select Sector SPDR ETF (XLE))

Gold: We Will Have A Bull Run Next Year

I think we will have a big bull run next year. I think next year gold will finish the year strong as opposed to having this Trump related sell-off. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

Gold Will Rally in 2017

We are going to get more inflation but it is not a negative for gold, it is a positive for gold. And the markets were wrong about gold at the end of last year, they sold it off when the Fed raised interest rates,, gold bottomed out in January and then had a huge run. We are going to have another big run next year but next year gold is going to finish the year strong. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

Gold: Inflation Will Rise Much Faster Than Interest Rates

I like to see that negativity out there. Gold has gone down quite a bit since the election but if you go back over the last 15 years, gold had a pretty good track record.

It is interesting that the reason that so many people have turned bearish on gold is because they believe there will be more inflation under Donald Trump, that we are going to have larger deficits as a result of the tax cuts, increased government spending and because of the higher inflation, the Federal Reserve is going to get more aggressive and raise interest rates and somehow that increase in interest rates is going to be bad for gold. It is ridiculous! Higher inflation is good for gold!

Inflation will rise much faster than interest rates, so real interest rates are going to fall and that is when gold shines brightest. (Newmont Mining (NEM), Eldorado Gold Corp (USA)(NYSE:EGO), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD), Barrick Gold (ABX)

Commodity Prices Are Going To Rise

I think that you are going to see a move up in commodities because of increased inflationary pressures brought by central banks all around the world. There will be a lot more inflation and commodity prices are going to rise substantially as paper currencies lose value. (Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Nymex Copper Futures, iShares Silver ETF (SLV))