QUESTION: Marty, it appears you are correct once again in gold that this rally would not reverse the trend. The gold promoters have been all over the place claiming gold has bottomed and the stock market and the world will go to zero because of fiat. Is there a number we should be watching below […]

Socrates is warning that we now must exceed the high of last week to keep the upward momentum in gold near-term. Still, there is no indication of a long-term change in trend.

QUESTION: Hi Martin, Has the banning of items used by people always led to those items becoming more expensive? First thought is the prohibition of alcohol but wouldn’t Gold also become more “expensive” or “valuable” if Governments were to ban the use or possession of it? What are your thoughts on that? With warm greetings […]

The gold promoters are trying to claim that China is understating its gold reserves because it is trying to confuse the markets about their clear ambitions to make the yuan a world reserve currency to challenge the hegemony of the U.S. dollar. The rally in gold was technical and a closing above 1109 should spark a rally […]

One of the greatest advantages of gold throughout history was the fact that it was independent of government and movable. Today, the hunt for taxes by government has been expanded to all forms of wealth. Above is the entry form for India. Not only is gold specifically listed, it is listed in jewelry form, and […]

Gold rallied and stopped dead at 1108.50, just shy of the 1109 Daily Bullish Reversal. Technically, the market stopped at the bottom of the broad channel overhead. We do not have the confirmation of the rally into September until we achieve that daily closing above 1109. Meanwhile, support has moved up to 1085 and 1082. […]

I have warned that if you are going to buy gold, make sure it is common date $20, $10, or $5 gold coins since bullion is going to become a dirty word. As of April 1, 2015, Chase Bank in the U.S. is advising its clients who rent safe deposit boxes that they may not […]

Of course those biased toward gold will relay the rally as big volume, as if this were some sort of fresh buying that warrants cheering when in fact it is a short-cover rally. This is the bounce our computer has projected without bias or passion, minus the hyperbole. We can see that the Energy Models […]

Gold closed at 1094.10 holding the Weekly Bearish Reversal at 1084 once again. The nasty emails have come in already asking, “Where’s the bounce?” It seems there are some people who hate me so much that they live to try to prove me wrong; I suppose to make themselves feel better that they’re out of their minds. […]

The trading range is defined by our Daily Bearish Reversals at 1080 below and 1109 above. The Energy Models are improving and a closing outside of this range will signal what we are getting into for September. Technical analysis on the monthly level for August stands at 1104, so the technicals are confirming the Reversals […]