news.goldseek.com >> 29 July 2020

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund
Silver has made impressive gains over the past week which resulted from its breaking out at last from the giant Double Bottom base pattern that started to form as far back as 2013, so it’s been a long wait for silver investors for this to happen. Over the past week it has done exactly as predicted in the “breakout Souvenir article” posted on the site on the 22nd, running quickly at the strong resistance at the underside of the 2010 – 2013 top area, as we can see on its latest 13-year chart below, on which we can also see that volume hit an all-time record, which we take as a warning of temporary exhaustion, especially given the type of candle that formed yesterday, which we will proceed to look at lower down the page on the latest 6-month chart.

news.goldseek.com >> 23 July 2020

In Honor Of Silver's Epochal Breakout...
By: Clive Maund
The purpose of this update is to celebrate and mark silver’s powerful breakout from a giant base pattern that started to form as far back as 2013 – 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today’s advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn’t mean it can’t drop back again it makes it less likely, and even if it does it is likely to soon turn up again.

news.goldseek.com >> 20 July 2020

Gold Market Update - on point of breakout against the US Dollar...
By: Clive Maund
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.

news.goldseek.com >> 29 June 2020

Gold Market Update - bullmarket well established in many currencies...
By: Clive Maund
The conclusion to all this is that gold is in a powerful bullmarket which is expected to accelerate. Near-term, while it looks set to take off higher and should do if the stockmarket holds up, it is vulnerable to a potentially sharp correction if it doesn’t which would be viewed as a buying opportunity for the sector.

news.goldseek.com >> 9 June 2020

PM Sector Correction Starts As Risk On and Seasonal Factors Weigh…
By: Clive Maund
The conclusion is that the correct tactics with respect to the Precious Metals sector are to either step aside, or hedge with either leveraged inverse ETFs such as DUST, or better still Puts in say GLD and GDX, or a combination of the two. The corrective pahse will probably be over by early August.

news.goldseek.com >> 25 May 2020

Getting Positioned for the Worst Depression in the History of the World...
By: Clive Maund
The reason that this article is titled “Getting Positioned for the WORST DEPRESSION IN THE HISTORY OF THE WORLD” is that debt and derivatives have never built up to such vast levels on a global scale before. It will take a correspondingly severe depression to eliminate this gargantuan mountain of dross.

Greg Mannarino postulates in his uniquely insightful video blogs that a big reason for the lockdowns was to intentionally kill the economy and bring the velocity of money to a dead stop, so that the Fed could create limitless amounts of money to buy and backstop everything without immediately stoking inflation leading to hyperinflation, and also to destroy small businesses so that their assets and workforces could be mopped up by the big corporations who are the beneficiaries of bailouts.

news.goldseek.com >> 22 May 2020

Why Silver Stocks Should Be on Investors' Radar
By: Clive Maund
We are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other Central Banks virtually guarantee that most currencies, including and especially the dollar, will end up totally worthless, just like in the Weimar Republic in Germany in 1923.

news.goldseek.com >> 11 May 2020

Gold Market Update - as we go from deflation to hyperinflation...
By: Clive Maund
The deflation and depression is right here, right now, and if you don’t believe that, try asking some of the 30 million people who just lost their jobs in the US or those who (used to) work in the catering and tourism industries.

news.goldseek.com >> 4 May 2020

The 2nd Massive Downwave IS ALMOST UPON US...
By: Clive Maund
Notwithstanding the Fed’s seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.

news.goldseek.com >> 1 May 2020

COVID-19 - the BIGGEST HOAX IN THE HISTORY OF THE WORLD...
By: Clive Maund
The Coronavirus / covid-19 pandemic is the biggest hoax in the history of the world. Billions of people across the globe have been duped and allowed themselves to be subjected to tyranny because of a spook.

As you will learn when you follow the links below, the figures for cases and deaths caused by Covid-19 are largely fraudulent and grossly inflated - the product of distortion, exaggeration and statistical trickery, with connivance by the elite controlled media to present them as established fact.

news.goldseek.com >> 13 April 2020

Welcome to the Hyperinflationary Depression
By: Clive Maund
The Fed’s latest actions demonstrate that there is no way that they are going to let the forces of deflation prevail, however many trillions they have to spirit into existence to throw at markets in an effort to prop them up, which is kind of understandable given the appalling severity of the prolonged depression that would follow. They are clearly electing the hyperinflationary route as the lesser evil because it keeps them in power for longer, although hyperinflation won’t hit until the velocity of money picks up – currently it is zero because of the economic freeze. That has to be positive for gold, which is the ultimate store of value and for its currently grossly undervalued sister metal silver.

news.goldseek.com >> 1 April 2020

Mega Profitable Strategy For Next Heavy US Stock Market Down Leg Believed Imminent…
By: Clive Maund
Turning to the stockmarket itself, we see on the latest 5-month chart for the S&P500 index that while the Fed’s big intervention stoked a massive short covering rally, it DID NOT break it out of our expanding downtrend channel, which now looks set to turn it down into a really severe downleg, made much more likely by the factors that we have considered above.

news.goldseek.com >> 30 March 2020

Gold Market Update: Breathtaking Reversal to the Upside?
By: Clive Maund
The world suddenly finds itself tipped into the gravest crisis since the 2nd World War, and with respect to the global economy it is actually far worse, because the financial system was teetering on the verge of collapse even before the coronavirus epidemic surfaced as a result of the exponential growth of debt and derivatives – so the virus epidemic and the reaction to it has simply acted as a catalyst to bring the whole house of cards down.

news.goldseek.com >> 25 March 2020

One of the Biggest Short Covering Rallies in History May Be Imminent...
By: Clive Maund
In recent days the Fed has made it plain that it is prepared TO BUY ANYTHING AND EVERYTHING to prevent imminent total collapse, and you don’t have to join many dots to see that this will extend to BUYING STOCKS, and it’s not that hard for them – all they have to do is enter a few keystrokes, add a few 0s and it’s sorted – and as Gregory Mammarino repeatedly points out, the more debt they issue the more powerful they become.

Right now sentiment is “end of the world” negative, and any positive development will be enough to trigger a gargantuan self-feeding short covering rally and gold’s huge recovery is a sign that this may be about to start.

news.goldseek.com >> 16 March 2020

Gold Market Update: margin call afflicted investors dump everything indiscriminately
By: Clive Maund
I got pelted with garbage after the last (bearish) update was posted on the 1st because right after, gold zoomed back up following a $75.80 plunge, as we can see on its latest 3-month chart below, and this “swansong rally” even made it to a marginal new high, but it did not negate the bearish implications of the late February plunge. In the last update it was written “This kind of massive smackdown, which took the gold price straight down to its rising 50-day moving average, is viewed as a clear “shot across the bows” and is interpreted as meaning Big Trouble.” The call was correct as demonstrated by last week’s steep plunge back to the rising 200-day moving average, and by Precious Metals stocks cratering last week in a dramatic manner. Last week’s developments, especially in stocks, means that gold has been “holed below the water line” and should now get taken down hard along with silver as margin call afflicted investors dump everything indiscriminately over the side.

news.goldseek.com >> 12 March 2020

Us Stockmarkets Big Picture Overview as They Reach Insane Oversold Extremes...
By: Clive Maund
This is not some ordinary run-of-the mill bearmarket that is starting here – it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A “reset” is an apt word to describe it.

The rot can really be traced back to when Nixon got rid of the gold standard in 1971, or in other words got rid of sound money. This gave governments and politicians carte blanche to print more and more money and to go ever deeper into debt, since the greater the debt, the more money they could print to service it. The situation was exacerbated in the United States because, being in possession of the global reserve currency, it could ramp the debt ever higher without collapsing the currency, because so many dollars and government debt are held by foreigners spreading the load of the real devaluation of the currency, hence the unending farce of the debt ceiling, which is always being raised...

news.goldseek.com >> 2 March 2020

Review of Massively Successful Tech. Puts Trades and Why the Market Has Probably Hit a Bottom Here...
By: Clive Maund
This article was conceived as a “souvenir article” to assist those of you who did the trade - and I know from feedback that a significant number of you did - in gloating at its glorious success – but here’s the thing, working on it turned up some valuable insights that we can turn to our advantage in the immediate future. You will soon see what I mean.

As Friday wore on I became more and more uncomfortable about sticking with the Puts, on account of the by then massively oversold condition of the market after 5 straight days of dropping like a rock, and, aware that after such a week, reversals often happen at or around the weekend, I figured that “a bird in the hand is worth two in the bush”, and so waited for what I thought was a good point for us to offload our Puts for the best prices possible.

news.goldseek.com >> 26 February 2020

Crash Update - Including Downside Targets for the DJIA and S&P 500 Indices...
By: Clive Maund
The market crash called for on the site on the 15th, right before it started, is now going full bore, and in this update we are going to consider the short-term outlook, especially insofar as it impacts upon our Tech sector puts, and also the grim longer-term outlook.

A full-on “in your face” catalyst for the crash has arrived in the form of the Covid-19 or coronavirus, which has already brought the Chinese economy to a virtual standstill, thus disrupting global supply chains, and now threatens to wreak havoc elsewhere, not least in the United States itself. The “everything bubble” had reached incredible extremes and this virus crisis catalyst was just what was required to burst it, and now it’s started no amount of Central Bank money pumping or wild promises will stop it.

news.goldseek.com >> 24 February 2020

Gold Market Update
By: Clive Maund
So what now? – think it’s gone too far, too fast? Certainly not – the 10-year chart for GDX shows that it hasn’t even broken out of its giant base pattern yet, so this thing is just getting started. Once GDX breaks above the upper boundary of the pattern, which is at about $31, i.e. a shade above where it is now, gold and silver stocks are going to soar, so if you haven’t boarded the train, you’d better get your act together PDQ.

news.goldseek.com >> 18 February 2020

Baltic Dry, Copper, Oil, Tech and China Continue to Call for Market Crash Soon...
By: Clive Maund
In this update we are going to review a small but important range of commodities / lead indicators which strongly suggest that the seemingly endless bullmarket in US equities is living on borrowed time and will end sooner rather than later, and given how long it has lasted and how extremely overvalued it has become, the downturn will likely start with a crash phase.

Regardless of what the eventual impact of the Coronavirus epidemic is, US stockmarkets in particular seem to be in a state of denial about the actual real-world consequences of the Chinese shutdown and impact on the global supply chain and corporate profitability everywhere, and some elements even seem to be gloating about China’s misfortune and predicament, completely oblivious to the fact that this is going to have a negative impact on almost everyone.

news.goldseek.com >> 13 February 2020

Good Cheer for PM Sector Investors - the Completing Cup & Handle Continuation Pattern in $GDX...
By: Clive Maund
Whilst it must be frustrating for Precious Metals sector investors to watch Tech stocks continuing to “shoot the moon” while PM stocks have mostly done nothing, the chart presented below suggests that this situation won’t persist for much longer.

The 7-month chart for GDX shows it probably completing the Handle of a sizeable Cup & Handle continuation pattern. GDX has stayed above the support level shown as the Handle of the pattern has formed, which has allowed the earlier overbought condition at the start of the year to unwind and moving averages to catch up. Volume has eased over the past several weeks which is also a positive sign.

news.goldseek.com >> 10 February 2020

Palladium, Tesla and the Imposition of Electric Vehicles...
By: Clive Maund
Now that you know what is set out above, you should be able to readily appreciate why the price of palladium, and of Tesla stock, have been soaring. Let’s now proceed to look at their extraordinary charts.

Starting with palladium, we see on its long-term 20-year chart that after essentially tracking sideways for many years, the phase of accelerated advance really didn’t begin until mid-2018, and it was only later in 2018 that it broke out above its highs way back in 2001. So the dramatic acceleration in its rate of advance has been going on for 18 months or less.

news.goldseek.com >> 21 January 2020

Gold Market Update: Use Hedges at Extremes
By: Clive Maund
Does all this mean that investors in the sector should suddenly rush for the exits? No, it doesn’t, especially as the charts for many individual stocks across the sector look very bullish, and it may be that all that is needed is a cooling period of consolidation. However it does make sense to use Hedges at extremes, such as leveraged inverse ETFs and better still options as insurance, which have the advantage of providing protection for a very small capital outlay, a fine example being GLD Puts which are liquid with narrow spreads. We did this just ahead of the recent peak when Iran lobbed a volley of missiles at Iraq. We will not be selling our strongest gold and silver stocks, but instead look to buy more on dips.

news.goldseek.com >> 13 January 2020

Gold Market Update: the overall picture is strongly bullish
By: Clive Maund
It has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse to bomb Iran back to the Stone Age, which is what they really want to do. As we know, the long-term goal of Israel and the US is to subjugate Iran, and they will not stop until they attain this goal, and so it goes on. It appears that there was a bit of theater involved in Iran’s retaliation, as it clandestinely signaled its intentions which allowed US forces to get out of harm’s way. Perhaps US forces did not then launch a blitzkrieg out of consideration for this courtesy.

news.goldseek.com >> 6 January 2020

Gold Market Update, $1530 - $1560 zone
By: Clive Maund
In this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian General and its potential implications for the gold price.

On the latest 10-year chart we can see that gold is making a 2nd attack on the key major resistance level in the $1530 - $1560 zone, which is hardly surprising considering what happened last week.

news.goldseek.com >> 3 January 2020

Copper Is Positioned for a Stellar Performance in 2020's - an Etf to Play It...
By: Clive Maund
As we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.

news.goldseek.com >> 30 December 2019

Gold Market Update
By: Clive Maund
There is a broad array of fundamental reasons for a bullmarket of unprecedented magnitude in gold, but by far the most important of them is the ongoing and accelerating destruction of currencies by Central Banks. They are responding to crushing debt burdens with money creation on a gargantuan scale, and we can expect them to maintain a low or negative interest rate environment and to pump money like crazy, since faced with a choice between a liquidity lockup and systemic implosion, and rampant money creation leading to hyperinflation, they are bound to follow the latter course because it is more gradual and buys them more time. While all Central Banks around the world are playing the same game, they will find it very hard to keep up with the Federal Reserve of the US which is ramping up money creation at a frenetic pace, the effect of which will be to collapse the dollar, which is already starting to break down – hence last week’s rally in gold and silver.

news.goldseek.com >> 12 December 2019

Gold Market Update
By: Clive Maund
Gold’s post breakout reaction back from its early September peak has evolved into a steady downtrend as we can see on its 6-month chart below. The approach of the rising 200-day moving average below suggests that this reactive downtrend will have run its course before much longer leading to a second upleg. However, gold’s COTs have shown no improvement as this downtrend has unfolded, which is a sign that the downtrend has further to run. The now orderly downtrend has one distinct advantage which is that bulls simply have to wait either for a breakout from it or the development of a basing pattern. One indication that the downtrend is a correction and not the start of something more sinister is the positive divergence of the Accumulation line compared to the price.

news.goldseek.com >> 11 November 2019

CHILE SELF DESTRUCTS - a morally and spiritually bankrupt society heads for civil war and a possible military takeover...
By: Clive Maund
I will start this expose of what is really going on in Chile by pointing out that as I have lived there for the last 14 years, I am well placed to talk about it. I am aware that the truths that I am going to set out here may upset more than a few people, but if things are ever going to get better you have to begin by accepting reality, and the reality of the situation in Chile, which has seemingly gone from the most developed and prosperous country in South America to just another failing banana republic is what will be addressed here.
Geographically and physically, Chile is a beautiful and diverse country. It is some 5000 Kms long and has almost every variety of climate, topography and vegetation you can find on the planet apart from tropical rainforest. The problem is the people.

news.goldseek.com >> 7 November 2019

COPPER vs GOLD - two men enter, one man leaves...
By: Clive Maund
Well, what a shame. Just when the survivalists had got their hopes up that they would actually be able to start using their vast stores of canned and freeze dried foods and unload some of their ammo magazines on waves of zombielike starving hordes lurching forwards relentlessly towards their bunkers, along comes the Fed and inaugurates QE4. QE4 has been launched in an almost clandestine manner, scarcely mentioned in the MSM, and started with a whimper rather than a bang as the Fed raced to plug the dyke when the repo market threatened to lock up a few weeks ago – but it’s nothing a few billion or trillion of freshly printed money can’t fix.

news.goldseek.com >> 21 October 2019

Effect of QE4 on the Stockmarket and Gold...
By: Clive Maund
So, if they go at it pumping money again with QE4, they could keep the stockmarket elevated provided that they are able to firefight any liquidity issues arising from the increasingly extreme instability. If not and things get out of control, markets will crash anyway. Action late last week suggests that, for a while at least, we are going back to risk on mode, which could see the stockmarket make new highs and safe haven assets, which both the dollar and gold are now, drop back, and we see that both the dollar and gold dropped back late last week. Gold’s chart has been weakening with a potential intermediate top forming and its latest COTs are by normal standards bearish, with the Commercials now holdings heavy short positions, which usually means trouble. Any significant reaction from here will be viewed as presenting a great opportunity to build positions across the sector, because QE4 will eventually cut the legs from under the dollar, leading to hyperinflation.

news.goldseek.com >> 1 October 2019

Impact of the Market Crash on the Precious Metals Sector...
By: Clive Maund
Whilst we are in complete agreement with Egon Von Greyerz of GoldSwitzerland, about the exceptionally positive mid and long-term outlook for gold and silver which will soar as the monstrous global debt bubble implodes, there is the small matter of what will happen to them when the debt junkies go “cold turkey” if there is a sudden liquidity lockup, such as we have seen start to happen in the repo market in recent weeks, requiring emergency intervention by the Fed. If this happens and the Fed doesn’t immediately roll out QE4, or if it does and the sticking plaster doesn’t hold, then markets could crash very fast, on account of the huge margin leverage which will trigger wave after wave of margin calls, and in this situation investors and speculators will be dumping everything over the side indiscriminately, as in 2008 only this time much worse, and just as gold and silver weren’t spared back then, they probably won’t be this time either.

news.goldseek.com >> 25 September 2019

Madame Tussaud's Escapee Nancy Pelosi Threatens Markets with Impeachment Announcement...
By: Clive Maund
On the 3-year chart for the Dow Jones Industrials we can see that it looks tired and toppy, and it is remarkable how long it has held up, which is due to the Fed going to extraordinary extremes to stop the bubble from popping. We can see a clear line of tops going back January 2018, and with today’s news we could now see some serious downside develop, especially as interest rates have turned higher again. The only thing that might save it and usher in a final parabolic blowoff would be if the Fed suddenly wheeled out QE4, but right now it is looking very vulnerable, especially if the movement to impeach Trump gains traction. One possibility is that the Fed lets the market’s crash and then uses the crash as justification for QE4.

news.goldseek.com >> 9 September 2019

Gold Market Update - investors should take measures to protect themselves
By: Clive Maund
Although a major Precious Metals sector bullmarket has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.
The main fundamental development was the announcement that there will be a Trade War summit between China and the US early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go “risk on” until then, which is why the stockmarket broke higher last week, delaying but not eliminating our crash scenario.

news.goldseek.com >> 3 September 2019

THE GREAT PRECIOUS METALS MELTUP - gold, silver and platinum updates...
By: Clive Maund
The distinguishing feature of fiat money systems is that they are licentious – they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the Earth in order to improve their chances of being re-elected. The population can pick up the tab later in the form of devalued money that buys them less. The current dollar fiat money system was created by then President Richard Nixon in 1971, hardly an edifying character, and, thinking about it, it was very apt that it was him who created it by getting rid of the gold standard.

It is inherent in fiat money systems that they self-destruct, since they are essentially fraudulent, their modus operandi being to enable politicians to go on endless spending binges, knowing that society at large will foot the bill as a result of their money being devalued. The current fiat money system, which can be dated back to the ending of the gold standard in 1971, is 48 years old and in its death throes. What happens with fiat is that money becomes increasingly worthless at an accelerating rate until it enters the final terminal phase which is a hyperinflationary vortex that results in it becoming utterly worthless – and we are right on the doorstep of that phase now.

news.goldseek.com >> 5 August 2019

Once in a Blue Moon Shorting / Put Setup Immediately Ahead of Fed Statement...
By: Clive Maund
The charts we will look at in this update suggest that this is a perfect shorting setup that you see “once in a blue moon”. On the 3-year chart for the S&P500 index we can see that it has essentially been trending higher all year, but has now arrived at an important double target – at the upper boundary of its giant broadening pattern, which may also be called a bullhorn or megaphone and is normally bearish in purport, and also at the top of a Dome pattern. It is no coincidence that it has arrived at these targets at exactly the time of a Fed statement (today) and since it has risen ahead of this meeting this should be a classic “sell on the news” event, especially if the Fed only does a 25 bps reduction in rates, as the market will have discounted it. If they do the “full Monty”, a 50 bps cut, while it may superficially be viewed as music to the markets’ ears, then the market may construe it as the Fed seeing something bad coming down the pike, making it feel moved to use up all its ammo. So this is probably going to be a lose – lose outcome for the markets.

news.goldseek.com >> 22 July 2019

Gold Market Update - “so far so good”
By: Clive Maund
It was rather odd late last week that while gold tried to break higher but failed to, the PM sector forged ahead on Wednesday and Thursday, as we can see on the latest 6-month chart for GDX. Normally, stocks rallying leads to gold following suit, but gold’s price/volume action was not bullish for the near-term, and nor was the action in GDX on Friday, which saw a bearish Harami pattern appear, which is where a large candle the previous day is followed by a small one which fits inside the 1st one This is bearish and usually marks a reversal, and thus probably marks the start of a corrective phase.

news.goldseek.com >> 1 July 2019

Gold’s Epochal Breakout Will Not Be Negated by a Correction...
By: Clive Maund
It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout – instead it should be seized upon as an opportunity to build positions across the sector, especially in trampled down undervalued silver stocks – silver broke higher last week on its strongest upside volume since its frothy top in 2011 and on its 2nd highest upside volume ever.

Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting...
By: Clive Maund
We have already been over the reasons why a major PM sector bullmarket is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bullmarket, but it is worth “thumping the table” over this, because silver and silver investments may well be the best place of all to put your money at this time.

news.goldseek.com >> 17 June 2019

Gold Special Update..
By: Clive Maund
Several factors suggest that a modest short-term correction is likely before the major breakout occurs. Gold is overbought after its recent runup and is rounding over beneath the major resistance approaching $1400, as we can see on its latest 6-month chart below. Thus, the appearance of a short-term bearish “shooting star” candlestick on its chart on Friday coupled with its latest COTs showing Commercial short and Large Spec long positions hitting rather extreme levels suggests that it is likely to react back over the next week or two to allow things to cool for a bit before the major breakout occurs.

news.goldseek.com >> 14 June 2019

Gold Nearing Breakout into Unprecedented Bullmarket and the Latest Cots Won't Stop It...
By: Clive Maund
All the pieces are falling into place for the biggest gold bullmarket in history and by the look of the long-term gold chart, it is set to start very soon. The biggest reason of course is the accelerating demise of fiat. There are many other reasons that we will be considering going forward, but the one that looks set to trigger the immediate start of the bullmarket (and has already since the move of the past 2 weeks is viewed as the initial impulse wave of this bullmarket, even though it hasn’t broken out yet) is the Fed chickening out of its “normalization” program, which was a joke anyway because there is no way they can normalize the hopeless mess they have created. . The markets called the Fed’s bluff and they very quickly folded, establishing that they are now powerless.

news.goldseek.com >> 4 June 2019

Dollar Breaking down Signals Start of Gold Breakout Drive above $1400...
By: Clive Maund
The Precious Metals sector has broken strongly higher in recent days, with silver breaking out of its downtrend just yesterday, when the fundamental reason for this move emerged – the Fed has let it be known, via the St Louis Fed governor, that they are going to drop rates soon. This is clearly a panic move triggered by the stockmarket breaking down below key support – the intention is to head off a stockmarket crash, but it looks unlikely to succeed because they have much less room to drop rates than they had back in 2008, however, what they are likely to succeed in doing is breaking the dollar down into a severe bearmarket, and a storm is already bearing down on the dollar due to the accelerating global trend to dedollarize which has been given added urgency by the US administration’s overt bullying of enemies and allies alike by means of sanctions, tariffs and in some cases the threat of military action. This is why gold has been rallying, and this time it does not look like it will be a false dawn – instead it appears to be the start of a major breakout drive that will see gold launch out of its gigantic 7-year long base pattern by breaking out above key resistance at the $1400 level, a development that we have been anticipating all this year.

news.goldseek.com >> 2 June 2019

Bloodbath Looks Imminent - Full Defensive Mode...
By: Clive Maund
The market is now in position to crash. This is not something that will arrive as “a bolt out of the blue” – it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page makes clear that a giant top started to form with the January 2018 peak, which means that it has been setting up for a bearmarket for fully 16 months now...

news.goldseek.com >> 20 May 2019

Gold Market Update - Precious Metals sector investors feeling despondent
By: Clive Maund
Gold and silver dropping back again late last week had investors in the Precious Metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900’s or even lower, which is normal when prices sink, but our charts are instead suggesting that gold and silver are close to completing giant bottoming patterns that started to form (in the case of gold) as far back as 2013.
We can best see gold’s potential giant base pattern on a 10-year chart. It can be described as a complex Head-and-Shoulders bottom or as a Saucer, and is best considered to be both, or perhaps as a hybrid..

news.goldseek.com >> 24 April 2019

Pm Sector Morning Star Reversal at Trendline Support...
By: Clive Maund
Having artfully freaked out a whole bunch of investors by breaching nearby support and dropping quite sharply, so that they have panicked and scurried over to the wrong side of the boat again, the PM sector appears to be in the process of reversing to the upside now right where we would expect it to – at the lower boundary of its main upside channel, which we can see to advantage on the 1-year chart for GDX below.

news.goldseek.com >> 22 April 2019

A Special Message at Easter from the Precious Metals Sector...
By: Clive Maund
Can the Precious Metals sector advance if the broad stockmarket continues higher? Of course, because if the stockmarket continues to advance because of Central Bank buying on a grand scale to goose it higher, it means QE4 and eventual inflation /hyperinflation as we continue inexorably along the road already trodden by Venezuela and Zimbabwe.

The overall conclusion is that the Precious Metals sector is at or very close to an important bottom here and this is a good time to buy.

news.goldseek.com >> 8 April 2019

Gold Market Update - A Bullmarket That Will Dwarf Any Earlier One
By: Clive Maund

Finally, on its long-term 10-year chart we can see that gold is still on track to break out from its giant Saucer base before much longer, which will be achieved by its breaking clear above the strong resistance at the top of it, approaching and at the $1400 level, and here we should note that gold has already broken out against the Australian dollar, which partly explains some big gains in Australian gold stocks, and looks set to break out soon against the Swiss Franc. There are several other observations to make regarding where gold is at within this important Saucer pattern against the US dollar. The first is that a base pattern of this magnitude, which has been forming for 6 years now, and is relatively symmetrical, is unlikely to lead to a failure or breakdown. The second is that the rising Saucer boundary is now coming into play and should force an upside by the end of the year at the latest – more likely is that gold breaks out during its seasonally strong months of August and September. The third point is that when it does break out it will be A MAJOR TECHNICAL EVENT THAT WILL USHER IN A BULLMARKET THAT WILL DWARF ANY EARLIER ONE which is hardly surprising as it will be against the background of hyperinflation caused by unrestrained QE.

news.goldseek.com >> 3 April 2019

Gold and Silver Interim Updates...
By: Clive Maund
You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or purchasing inverse ETFs or Puts, and I was pleased to learn that some of you did just that. As we can see on gold’s latest 8-month chart below, the 3-wave A-B-C pattern is targeting the $1240 - $1250 area.

news.goldseek.com >> 29 March 2019

A Command Economy in the command of the Central Banks...
By: Clive Maund
If you were to tell the average American back in say the 60’s that in 50 years the US would be a “command economy” they would probably react as if you’d lost your mind. Back in those days the Soviet Union was a command economy with the government controlling everything with its notorious “5-year plans”. Fast forward to now and the United States and other economic blocs like Europe are in the control of Central Banks. It was Mayer Amschel Rothschild who famously said “Permit me to issue and control the money of a nation, and I care not who makes its laws!” Thus we now have a situation where the Central Banks control economies and societies and are in reality the government, so that politicians are reduced to being their operatives. The voters are hapless ignorant pawns whose opinions are molded by a media that is also controlled by the Central Banks and the elites generally. Democracy is a farce designed to make the masses think they have a say in things by allowing them to go and place their puny worthless vote on one day every four or five years. Democracy is an absurd concept anyway, because you cannot have a situation where ignorant stupid people have the same say in things as intelligent, discriminating people who they vastly outnumber.

news.goldseek.com >> 27 March 2019

GOLD - is a sharp C-wave drop imminent?...
By: Clive Maund
I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanying momentum breakdown, that we can see on gold’s latest 8-month chart below, were allayed by its managing to stabilize above its parabolic uptrend line and then rise off it. However, the rally this month has been hesitant and unconvincing, and it is now becoming clearer that it may be a B-wave bear Flag to be followed by a C-wave breakdown through the parabolic uptrend support line that would lead to a sharp drop probably towards or to the support shown in the $1240 area, where it would stabilize before later reversing to the upside again. If this is the scenario that is set to unfold, it is likely to happen soon, as the bear Flag looks about complete.

news.goldseek.com >> 18 February 2019

Gold Market Update: Like Pavlov's Dog..
By: Clive Maund
Gold has been turned back so many times in recent years from the strong resistance approaching the $1400 level, that most investors have now been well trained, like Pavlov’s dog, to expect it like clockwork, and as we know, it is just when this mindset prevails that gold is likely to surprise the majority by actually breaking out above this level.

Silver Market Update: Double Bottom on the 10-year chart..
By: Clive Maund
Starting with the 10-year chart we see that the giant base pattern in silver appears to be taking the form of a Double Bottom, instead of the complex Head-and-Shoulders bottom that we saw in gold. Silver certainly looks weaker than gold here and is still quite a long way from breaking out of its base pattern, and it will take a break above $22 to finally break clear out of it.

news.goldseek.com >> 4 February 2019

Fed Crumples - and Seals the Dollar's Fate...
By: Clive Maund
We stay long our broad market inverse ETFs and deploy as much capital as we can into the Precious Metals sector which looks like it is building up to a powerful advance, and an important point to note here is that once gold breaks above key resistance in the $1400 area it probably won’t look back, and the sector will spike higher, affording little opportunity to buy on pullbacks as there may not be any.

news.goldseek.com >> 21 January 2019

The SUPER BLOOD WOLF MOON ECLIPSE and the Markets...
By: Clive Maund
Having watched Van Helsing I thought "There must be a way to work this stuff into chart analysis" and there is, for tomorrow night there is a "Super Blood Wolf Moon Eclipse" which might synchronize with a reversal in the markets. Before you burst out laughing, I point out that it is an established fact that reversals in the Precious Metals often synchronize with full and new moons, and whether this is a matter of astrology or simple gravitational pull or a combination of these factors is an open question.

news.goldseek.com >> 31 December 2018

Gold Market Update
By: Clive Maund
The last update was wrong. Gold was expected to drop with the stockmarket, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason or reasons for the error. Failure to do this through pride, obstinacy or stupidity can lead to modest losses becoming ruinous. So what happened?

news.goldseek.com >> 17 December 2018

Gold Market Update
By: Clive Maund
We are going to start this update on a positive note by pointing out that the gold to silver ratio recently reached a 24-year record extreme as shown by the 20-year chart for this ratio below, which alone is a sign that the sector is close to a bottom and also that a major new bullmarket is likely to start before much longer. However, there is the small matter of a looming market crash and the collateral damage it could on inflict on most everything, including the PM sector, to take into account.

news.goldseek.com >> 9 December 2018

Your Comprehensive Crash Survival Guide
By: Clive Maund
So to sum up, a market crash looks imminent and if it doesn’t start immediately it should get underway quite soon. Our strategy at this time is to be generally short the market, using inverse ETFs, which it is thought best to refrain from trading, whilst long a few exceptional stocks such as several we will look at in coming days, and unless the Fed caves in on its rate rise program, it is thought best to hold off from buying most PM sector investments until the initial crash phase has almost run its course.

news.goldseek.com >> 26 November 2018

I'M GONNA BE A BITCOIN BILLIONAIRE (lol)...
By: Clive Maund
While all this may have seemed like cruelty towards those who got caught up in this scam, there was a serious purpose to it, which was to warn subscribers to steer well clear of it, and to expect it to fade into obscurity which is exactly what has happened. We haven’t looked at it since last February because we have better things to do with our time than waste it on something that is finished. This article may therefore be regarded as a “post mortem” with the final “nail in the coffin” of Bitcoin being the sudden brutal plunge last week, which ended the illusion being put about by Bitcoin promoters in recent months that it was basing.

news.goldseek.com >> 5 November 2018

Gold Market Update
By: Clive Maund
Starting with the long-term 10-year chart for gold, we see that it is now approaching completion of a more or less symmetrical complex Head-and-Shoulders bottom, with multiple shoulders. It is now believed to be rising up to complete the final Right Shoulder, which should be followed by a breakout above the resistance at the top of the pattern, which will be a positive technical development of huge significance.

news.goldseek.com >> 15 October 2018

Gold Market Update - the 7-year bearmarket phase is over...
By: Clive Maund
Thursday last week was a momentous day for the Precious Metals sector with gold, GDX and other índices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stockmarket was crashing. This is viewed as a strong sign that instead of being dragged lower still by a crashing stockmarket, the PM sector will soar. Silver hasn’t broken out yet, but it should soon follow suit.

news.goldseek.com >> 10 October 2018

If This Doesn't Scare You, Nothing Will
By: Clive Maund
The U.S. stock market is now at a dangerous unprecedented overbought extreme, as the charts that we will look at in this update make abundantly clear, after years of being wafted higher by a combination of QE, ZIRP and stock buybacks, and latterly Trump's tax bonanza, which has kept the party going by making windfall cash available for still more buybacks.

news.goldseek.com >> 5 October 2018

How Commodities Will Perform in the Impending Massive Credit Crunch
By: Clive Maund
An enormous “sword of Damocles” hangs over all markets now. A massive liquidity drain is underway as global QE reverses into QT and rates rise against the background of immense ubiquitous crippling debt burdens. What this means is that the biggest credit crunch of all time is bearing down on us, which will involve markets crashing in the absence of bids, serious dislocation of capital markets and out of control interest rates.

news.goldseek.com >> 10 September 2018

The Astounding Trader's Position In Silver
By: Clive Maund
The latest gold and silver COTs and Hedgers charts are quite simply astounding – we have not see anything like it since the site started 15 years ago. In addition, short selling of gold and silver by futures traders is at record levels by a huge margin at a time when bullishness towards the dollar is also at extreme levels. All of this points not just to a reversal soon, but to a meltup in gold and silver triggered by a scramble to exit massive short positions once the tide turns.

news.goldseek.com >> 3 September 2018

The Now Super Bullish Gold and Silver Setup Does Not Bode Well for the Dollar...
By: Clive Maund
Fortunately, we can readily identify the sheepdogs and the sheep on our COT charts, the sheepdogs are the purple bars on our charts, the Commercials, who take the other side of the trade from the sheep, who are the blue bars, the Large Specs. Let’s now look at a pair of charts, a 1-year chart for silver itself with the COT chart stacked directly below it, which is for 1-year too, in order to see how the sheep are always wrong. As we can see the sheep, the Large Specs (blue bars) always have their biggest long positions at or just ahead of peaks in the silver price.

news.goldseek.com >> 27 August 2018

Gold Market Update - COTs, sentiment super bullish as Fed set to reverse course...
By: Clive Maund
We are now seeing an overwhelming body of evidence coming together to suggest that gold and silver have hit bottom, and that even if they haven't, the bottom is very close and downside risk is very limited. On a more mundane level, the drop in gold and silver prices the recent past is pushing many mines to the brink of becoming economic at a time of an impending supply crunch, a situation that must soon lead to higher prices. Whilst we were premature in calling a bottom earlier this year, it really does look like the time has come to "back up the truck" for reasons that we will now set out as briefly and succinctly as possible.

news.goldseek.com >> 6 August 2018

Gold Market Update
By: Clive Maund
Gold has had a rather hard time of it during the past several months, as we can see on its latest 1-year below, but its drop has been proportionate to the rally in the dollar, and is therefore unremarkable. What this drop has achieved, which is a useful precursor to a recovery, is to finally flush out the Large Specs, who, after outstaying their welcome, have finally packed their bags and left. This we can see on the latest COT chart which is stacked right below gold’s 1-year chart for direct comparison.

news.goldseek.com >> 24 July 2018

COPPER, GOLD, PLATINUM, SILVER, US DOLLAR updates at KEY JUNCTURE...
By: Clive Maund
Commodities, including gold and silver, have plunged to become so deeply oversold that a snapback rally looks likely soon, that could be sharp as if they turn up here it will trigger a wave of short covering. Such a rally is likely to be sparked by a dollar reaction, as we will see, but it is likely to be followed by further heavy losses across the sector if a general market crash ensues as expected.

news.goldseek.com >> 20 July 2018

The Deep State, Trump, and the World
By: Clive Maund
I watched Trump’s press conference in full following his meeting with Russian President Vladimir Putin in Helsinki. To me, Trump sounded positive and perfectly reasonable, and his behavior at this time was actually Statesmanlike. Here is a link to the full press briefing including an English translation of what Mr Putin said. It is worth watching this in full if you haven’t already, as shortened versions are likely to be selectively edited.

news.goldseek.com >> 28 June 2018

China Crisis: Shanghai Comp Bearmarket Another Warning for US Markets
By: Clive Maund
If there were any doubts that the Chinese stockmarket had entered a bearmarket, these were dispelled by the breach of key support at 3000 and plunge last week, which we can see to advantage on the 6-month chart for the Shanghai Composite index shown below. A tentative downtrend channel is drawn on this chart, but it is important to note that this drop could rapidly gather momentum and get a lot steeper now that the key 3000 level has been breached, making the channel shown obsolete, for reasons that become clear on the 5-year chart.

news.goldseek.com >> 6 June 2018

Gold Market Update
By: Clive Maund
Gold’s breakout from its giant 5-year base pattern has had to wait for the dollar rally to run its course, which it now appears to have done, and this being the case, gold is now free to break out into a major bullmarket that looks set to dwarf all prior ones. We have in the past described gold’s base pattern from 2013 as a complex (multi-shouldered) Head-and-Shoulders bottom and while this description is still valid, it is perhaps more simply described as a Bowl or Saucer pattern, that is shown on its latest 10-year chart below.

news.goldseek.com >> 21 May 2018

Gold, Silver and US Dollar Updates with Review of Latest COTS
By: Clive Maund
Gold’s breach of nearby support last week freaked out some longs of a nervous disposition, but it did no technical damage of any significance, as we can see on our latest 3-year shown chart below on which we can observe that it is still above important supporting trendlines. This chart shows that last week’s drop was just a “storm in a teacup”. Recall that the pattern that has been forming since mid-2016, for nearly two years now, is the Right Shoulder of its giant Head-and-Shoulders bottom that may be viewed on the 8-year chart in the last Gold Market update.

news.goldseek.com >> 29 April 2018

Gold Market Update
By: Clive Maund
Gold continues to build towards a breakout from a major base pattern, a giant Head-and-Shoulders bottom that we can see to advantage on its latest 10-year chart below. At present it is battling the headwinds of a dollar rally, but a dollar rally won’t stop it, because when we talk about a dollar rally, we mean against other fiat, and all fiat is in the latest stages of a journey to oblivion, which actually started way back in 1913 with the Federal Reserve, and started to enter the terminal blowoff phase as long ago as 1971 with Nixon’s elimination of the gold standard.

news.goldseek.com >> 26 April 2018

Earnings: The Big Sucker Play
By: Clive Maund
Decades ago, the famous market analyst Joseph Granville stated that "there is more maintained stupidity in this business than probably in any other business in the world," referring to the stock market. He was right, except that the government in Washington is now a strong contender for the title. Towards the end of his days poor old Joe "lost it" and kept making the same stubborn predictions and being proved wrong time and time again, which tarnished his reputation—he probably hadn’t reckoned on The Cabal and their machinations. In his younger days though, he was a pioneer, and invented such concepts as On-balance Volume, which is now a widely used indicator.

news.goldseek.com >> 15 April 2018

A Broad Stock Market Update After the Syria Strike
By: Clive Maund
On the 6-month chart for the Dow Jones Industrials, it looks like it is rolling over and set to drop again after arriving at the red downtrend line shown. However, the pattern that has formed over the past few weeks could be an intermediate base that might lead to a significant rally, especially as it has developed just above a still rising 200-day moving average.

news.goldseek.com >> 9 April 2018

The Stunning Silver Setup
By: Clive Maund
We now have the most bullish setup for silver that we have ever seen. After trading sideways / down for over 20 months now, investors have completely lost interest in it, which is of course the perfect breeding ground for a huge rally that seems to come out of nowhere. As we will proceed to see both COTs and the silver to gold ratio are at record extremes that point to a major bullmarket in silver starting imminently.

news.goldseek.com >> 3 April 2018

Review of Metals Charts and the Implications of the Latest COTs
By: Clive Maund
Short-term trend in gold is down, intermediate trend neutral, with long-term outlook very positive. On its latest 6-month chart we can that it has backed off again from resistance, this time from a slightly lower level, with the retreat predicated by the now bearish COTs, or rather it would be if it didn’t take three days for this information to be made public. Taking into account that the COT probably eased on Wednesday's and Thursday's drop, further short-term weakness look likely until this COT has moderated.

news.goldseek.com >> 4 March 2018

SILVER SPECIAL COMMEMORATIVE UPDATE - in honor of THE LARGE SPECS FIRST NET SHORT POSITION IN SILVER IN MEMORY...
By: Clive Maund
The purpose of this update is to commemorate the Large Specs having their first net short position in silver since the site started 15 years ago, and also to consider how we can turn this to our advantage. Before we look at silver’s latest extraordinary COT chart and consider its implications, we will first quickly review the silver charts.

news.goldseek.com >> 25 February 2018

BROAD US STOCKMARKET update - IN POSITION FOR DOWNWAVE NUMBER 2...
By: Clive Maund
Conclusion: the rally of the past couple of weeks is not a resumption of the bullmarket, as the government and Wall St would have you believe (“we just had a normal 10% correction”) – it is a countertrend relief rally within a bearmarket that promises to be severe, and it is believed to have run its course. This means that we are at a perfect or near perfect point to short the market for a downleg that could easily be worse than the 1st one, an ideal time to load up on Bear ETFs and Puts, which is what we did last week.

news.goldseek.com >> 19 February 2018

Gold Market Update
By: Clive Maund
Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for 5-years now, so it has major implications. Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bullmarket is simply a matter of time, and not much at that now.

news.goldseek.com >> 12 February 2018

Reminder that THE DOLLAR HAS BROKEN DOWN FROM A GIANT TOP and is at A GOOD POINT TO SHORT IT...
By: Clive Maund
To conclude, this looks like an excellent point to short the dollar, which is expected to drop and probably accelerate away to the downside. This should provide a boost for the Precious Metals sector which should not be troubled by a falling stockmarket over the short to medium-term, and even when the stockmarket does fall again, it should have less or no impact on the Precious Metals sector, which will increasingly be seen as a safe haven.

news.goldseek.com >> 5 February 2018

PM Sector, Stock Market And Treasuries Update After Plunge
By: Clive Maund
As you are, or should be, aware the big market plunge on Friday came as no surprise to us – it was predicted just a few days before in the article BROAD US STOCKMARKET MELTUP update, in which the point was made that habitual victims Mom and Pop were at last getting stuck into the market, making the danger of a violent reversal even greater.

news.goldseek.com >> 28 January 2018

Gold Market Update
By: Clive Maund
The key message of this update is that gold is getting closer and closer to breaking out of a giant Head-and-Shoulders base pattern that started to form back in the middle of 2013 and to point out that it won’t be stopped from doing so by any minor short-term reaction, especially as the dollar has just broken down from a giant top pattern and looks set to plummet, notwithstanding any near-term rally to alleviate its oversold condition.

news.goldseek.com >> 26 January 2018

Controlled Demolition of the Markets – Dollar, Next Treasuries, Then Stocks – Gold, Silver and PM Stocks to Soar
By: Clive Maund
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain they were happy to see the dollar drop to make US exports more competitive.

news.goldseek.com >> 18 January 2018

Sell Bitcoin - Buy Tulip Bulbs!
By: Clive Maund
As Bitcoin is still at a very high level historically, it is considered worthwhile for those hapless individuals (not us) who bought Bitcoin in the recent past to make a tactical switch on opportunity cost grounds into Tulip Bulbs. After all, there has not been a major Tulip Bulb speculative mania since the 17th Century, and it is thought that now might be the time, especially since we are in the age of the everything bubble, thanks to our munificent and all-empowering Central Bankers.

news.goldseek.com >> 15 January 2018

Optimum Entry Point For Gold And Silver Stocks As Massive New Sector Bullmarket Soon To Begin
By: Clive Maund
When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the “everything bubble” getting closer to bursting, leading to universal mess and mayhem, there could not be a better time to look at the long-term picture for gold and silver, in order to see whether they are going to salute and go down with the ship, like they did in 2008, or constitute a lifeboat and a profitable means of escape for more fortunate investors.

news.goldseek.com >> 3 January 2018

Oil Market Update
By: Clive Maund
The paradoxical technical situation for oil that we highlighted in the last update has continued – and has gotten even more extreme. In that update we concluded that oil’s very bullish volume indicators pointed to its continuing to advance, despite COT and Hedgers charts and sentiment indicators showing extremes that would normally call for a reversal to the downside, and that is what has happened. The reason? – Iran – it looked like the United States and Israel, and possibly client state Saudi Arabia, were building up to an attack on Iran, but just in recent days we are seeing that things are taking a very different turn.

news.goldseek.com >> 1 January 2018

COPPER OUTLOOK AT CRITICAL JUNCTURE and IMPLICATIONS FOR THE SILVER PRICE...
By: Clive Maund
We have seen an unusually steady uptrend in copper this month, that has resulted in it appreciating by about 10%, which might not sound like much, but makes a big difference if you are a producer with fixed costs. What is remarkable about this uptrend is not only that it came hard on the heels of a high volume smackdown in the early days of the month that at the time looked bearish, but that we have seen 16 days trading days in a row of higher closes as of the close of trading on Thursday, as can be seen on the 3-month chart for copper shown below.

news.goldseek.com >> 27 December 2017

Gold Market Update
By: Clive Maund
Over the short to medium-term gold is likely to be buffeted by conflicting cross currents as we will proceed to see a little later, so it is important to keep a handle on the big picture, and for this reason we will start by reminding ourselves how bullish the big picture is for gold by looking at its long-term chart. On its 10-year chart we see that gold is in the late stages of a large Head-and-Shoulders bottom, which it is expected to break out of not far into 2018. This is a huge base pattern that can support major bullmarket.

news.goldseek.com >> 25 December 2017

BITCOIN CRASH UPDATE after nailing top within days – WHAT NEXT FOR THE SNOWFLAKE LEMMINGS?
By: Clive Maund
It’s been a rough week for the latecomer Millennial lemmings trying to get rich without doing any work – MANY WENT STRAIGHT OVER THE EDGE OF THE CLIFF, JUST AS WE PREDICTED THEY WOULD, and are now lying in a squirming heap at the bottom of it. Those who warned of the danger like Adam Hamilton, Bob Moriarty and myself were laughed at and derided – we were whistling in the wind and we knew it – BECAUSE YOU CAN’T STOP A DETERMINED FOOL. Hopefully though a few more thoughtful souls heeded the warnings and either took a whacking great profit or stayed away, which makes our efforts worthwhile.

news.goldseek.com >> 19 December 2017

The Bitcoin Market would like to thank The Greatest Fool for joining us to celebrate the launch of Bitcoin Futures on the CME…
By: Clive Maund
As most readers know, Bitcoin is now a monstrous bubble that has the dubious distinction of exceeding in magnitude all previous bubbles in history, going right back to the Tulipomania in the 17th Century. Its recent ascent has been steeper than the north face of the Eiger and even the vertical face of Half Dome in Yosemite. As anyone with even basic knowledge of speculation knows, this means its days are numbered, and it won’t be long before a brutal crash occurs that wipes out latecomers and even dramatically slashes the profits of earlier arrivals on the scene.

news.goldseek.com >> 13 December 2017

Bitcoin Total Wipeout Alert
By: Clive Maund
I have lain in wait before writing this stark a warning on Bitcoin, because if you “cry wolf” too often with something like this, you are simply written off as a fool within days if it carries on up and up. It could yet do so, but now we are seeing really extreme manifestations of mania suggesting that the top is at hand, and if not we are very close to it.

news.goldseek.com >> 3 December 2017

Now try telling me that charts don't work
By: Clive Maund
I would no sooner invest without using charts than I would drive down a freeway at 90 miles per hour with my head in a blindfold or a brown paper bag. What would you think if the Weatherman came on the TV and instead of showing you a chart, presented you with a table of data? – or you boarded a plane with the windows shuttered and the Captain explaining “Oh – I don’t need to see out – my instruments provide me with all the information I need to fly the plane.”? Charts are about perspective and proportion, and without them you’ve got none.

news.goldseek.com >> 19 November 2017

Gold Market Update
By: Clive Maund
Gold appeared to break out on Friday, but the situation is contradictory because on its price charts it appears to be in position to begin another upleg within an uptrend, but its COTs are still neutral / bearish at best, and don’t appear to allow much room for a rally, while the dollar Hedgers chart is still calling for the dollar to advance, despite its downturn last week.

news.goldseek.com >> 5 November 2017

Oil Poised to Break Key Resistance
By: Clive Maund
In the last Oil Market update posted on Oct. 23, we observed oil's intrinsic strength, and how it looked like it was building up to break out of its giant, complex, Head-and-Shoulders bottom. We were wary of its reacting back short-term on dollar strength, but that has not happened. Instead, it has continued to firm up.

news.goldseek.com >> 29 October 2017

Gold Market Update
By: Clive Maund
The big news last week for the Precious Metals sector was that the dollar broke out of its Head-and-Shoulders bottom to start its “Swansong Rally”, a development predicted in the last update, and for weeks before that. This caused PM sector stocks to break sharply lower, and brought gold to the point of breakdown from its Head-and-Shoulders top, as we can see on its latest 6-month chart shown below. It hasn’t quite broken down yet, but is expected to follow stocks’ lead and break down soon and head lower. Target is support in the $1200 - $1215 zone which is expected to be reached as the dollar index arrives at its upside target in the 97 area.

news.goldseek.com >> 22 October 2017

Gold Market Update
By: Clive Maund
In last weekend’s update it was pointed out that gold’s gap breakout from its steep downtrend shown on its latest 6-month chart below was probably false and that it was expected to drop back as the dollar advanced, which it duly did last week. Bearing in mind that the dollar has about completed its Head-and-Shoulders bottom, it is now clear that a parallel Head-and-Shoulders top is completing in gold as shown on the chart. This chart projects a breakdown beneath the nearby support level to be followed by a drop targeting the quite strong support in the $1200 - $1215 area.

news.goldseek.com >> 15 October 2017

Gold Market Update
By: Clive Maund
We’ve all had people come up to us and say “Do you want the good news first or the bad news?” I always opt for the bad news first, to get it out of way and end on a lighter note. The bad news is that the dollar looks set to stage a significant “swansong” rally in coming weeks, which will probably result in gold being beaten down again. The good news is that once that’s done its toast – and that’s when the big gold and silver bullmarket that longer-term charts are calling for will really get underway.

news.goldseek.com >> 10 October 2017

Why Spain And Europe Must Face Down Catalonia
By: Clive Maund
Since the ballot in Catalonia over a week ago, which the Spanish authorities, contrary to the spirit of democracy, did their best to disrupt by the use of brute force, as any good old fashioned fascist State would, by sending in the "Brownshirts", the mainstream media have gone to work in an effort to present the pro-independence Catalans as a bunch of fringe wing nutters trying to turn the clock back to the Middle Ages.

news.goldseek.com >> 9 October 2017

Gold Market Update
By: Clive Maund
The last Gold Market update almost a month ago called the intermediate top within a day, as you may recall, and the subsequent Gold and US Dollar Interim update called the rally in the dollar the day before it started. Having seen a significant reaction back by gold, the question now is “Has it run its course?” The short answer to that is yes, although calling a bottom here is complicated by the fact that gold’s COTs have not eased as much on the reaction as we might have expected, and the dollar Hedgers’ chart is still flat out bullish for the dollar.

news.goldseek.com >> 27 September 2017

GOLD and US DOLLAR INTERIM update...
By: Clive Maund
The last Gold Market update, posted at its recent peak on the 11th, called for a significant reaction back by gold, and that is exactly what has since happened. It also called for a rally in the dollar, which hasn’t happened – yet, but as we will see in this update, it looks likely to happen soon, and given that gold’s COTs have barely eased on the current reaction to date, it therefore seems likely that gold will lose more ground on a dollar rally.

news.goldseek.com >> 15 September 2017

CRYPTOCRASH update - LAMBS TO THE SLAUGHTER...
By: Clive Maund
Since the warning about Cryptos was posted on the site over a week ago, entitled The Cryptocrash and Gold, Cryptos have plunged about 30% and more still if you factor in overnight losses, not helped of course by the expected development of China banning them. So now what? – is this the start of the bursting of this monstrous bubble? It could be – looking at the 6-month chart for the Bitcoin Investment Trust, which serves as a Bitcoin proxy, we can see that the volume pattern around this latest peak definitely looks negative compared to that around the last peak back in June, with modest volume on the rally and heavy volume on the decline this month.

news.goldseek.com >> 10 September 2017

Gold Market Update
By: Clive Maund
Gold continues to build towards its breakout from a massive 4-year long base pattern. This is likely to occur when the dollar breaks down from its topping pattern, and is expected to lead to a bullmarket that will dwarf the last one from 2001 through 2011, and may be given a tailwind when the cryptocurrency Ponzi scheme implodes. In some quarters gold is being described as having broken out already, as are gold stocks, but they haven’t yet, as we will see, and we will also look at evidence that points to the probability of a short to medium-term dollar bounce and a pullback in the Precious Metals sector before the big breakout occurs.

news.goldseek.com >> 5 September 2017

WHY KOREAN TENSIONS SHOULD SOON EASE - effect on Dollar and Precious Metals...
By: Clive Maund
The tensions centered on the Korean peninsula should soon ease, leading to a rally in the dollar and a (mild) reaction in Precious Metals and other commodities like copper, for reasons that we will consider in this essay. There can be no denying that what we have previously referred to as “The Empire” is intent on world domination. The evidence is there for all to see in the form of a vast network of military bases spread across the globe, and a history of invasion of various countries by the Empire in recent years in pursuit of its geopolitical objectives.

news.goldseek.com >> 4 September 2017

Gold Market Update - Very Bullish Indeed
By: Clive Maund
Price and volume action in gold in recent weeks has been very bullish indeed, as it moves towards completion of its giant 4-year long Head-and-Shoulders base pattern. We can see this to advantage on gold’s 10-year chart shown below. The volume pattern and volume indicators give the game away, and confirm that this is a genuine base pattern that will lead to a major new bullmarket in gold. Observe the volume build on the strong rise out of the lows of the “Head” of the pattern early last year, and how its even stronger on the rise this year out of the Right Shoulder low, and especially on the rally of recent weeks – the Accumulation - Distribution line has already reached its bullmarket highs of 2011, which is clearly a very positive sign.

news.goldseek.com >> 29 August 2017

A Very Good Day for Gold
By: Clive Maund
What happened yesterday in the gold market was VERY bullish. After looking like it was topping out at its April and June highs, gold surged through them. While we were wary of it topping out here like a lot of traders, we definitely have a handle on the big picture which couldn't be more positive, with the dollar set to crash as it heads towards loss of its reserve currency status, and a slowly dawning awareness among the hordes of fools holding paper denominated gold, that the only thing that matters is physical possession—if you own paper gold, you could find yourself well and truly out in the cold. You can wave your piece of paper in the air and demand delivery, only to be bluntly informed "Sorry, mate—none left—go ask the Chinese if they'll let you have a little".

news.goldseek.com >> 27 August 2017

DOLLAR update as LOSS OF RESERVE CURRENCY STATUS LOOMS...
By: Clive Maund
The dollar is on course to lose its reserve currency status. This is not something that will happen overnight, it will be a process, but at some point there is likely to be a “sea change” in perception, as the world grasps that this is what is happening, which will trigger a cascade of selling leading to its collapse, whereupon gold and silver will rocket higher.

news.goldseek.com >> 17 August 2017

China, Gold and the US Dollar...
By: Clive Maund
The Neocon – Zionist drive for world domination is set to be brought to a screeching halt by something as simple as GOLD. This article is not politically motivated – the writer has no political agenda or affiliation – and the motivation for producing it is to enable you to understand the pivotal role that gold will play in thwarting the Empire’s imperialist ambitions, and how this means that the price of gold – and silver – will skyrocket, and sooner than many think possible. When you know that this is set to happen, and you understand the key reasons why, you will be able to position yourself to profit greatly from this profound and seismic global shift.

news.goldseek.com >> 26 July 2017

Reconciling the Us Dollar Outlook with the Super Bullish Gold and Silver Cots...
By: Clive Maund
Conclusion: the latest extremely bullish COT charts are not negated by the dollar being oversold here and some of its indicators looking positive. The bigger picture is that the dollar may be headed for a breakdown and severe decline or even a crash.

news.goldseek.com >> 24 July 2017

Silver Green Alert - One of the Best Buying Opportunities for Years...
By: Clive Maund
There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016.

news.goldseek.com >> 16 July 2017

PRECIOUS METALS SECTOR update - the BIGGEST OPPORTUNITY SINCE LATE 2015, and the LAST CHANCE AT THESE PRICES...
By: Clive Maund
We’ve had to wait 18 months for an opportunity as big as the one we saw late in 2015 to appear again in the Precious Metals sector. “Wait a minute”, I hear you say, “prices were generally lower back then at that low than they are now, so how can it be as big an opportunity, as leverage is reduced?”. Here are the reasons, one technical, the other fundamental. When prices rose out of the late 2015 low, which was the Head of the Head-and-Shoulders bottom shown to advantage on the 10-year chart for GDX below, they were destined to retrace to mark out the Right Shoulder of the pattern, which is what now has most investors very negative towards the sector again.

news.goldseek.com >> 10 July 2017

Gold Market Update - Strongly Bullish
By: Clive Maund
In the last update we had thought that gold might escape its usual seasonal malaise this year, but it didn’t and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at all, which remains strongly bullish, and a bonus is that this drop has flushed out a lot of remaining weak hands, as we will see when we come to the latest COT charts and set the sector for a reversal soon leading to a strong uptrend.

news.goldseek.com >> 5 June 2017

The Sun Rises on the Precious Metals Sector
By: Clive Maund
We “went walkabout” over the past several years, largely deserting the Precious Metals sector for other greener pastures, because it has been performing so poorly, apart from a dramatic flurry during the 1st half of last year. However, the latest charts suggest that a major bullmarket is incubating in the sector and that it won’t be much longer before it starts. This being so it is time for us to return to take positions ahead of its commencement.

news.goldseek.com >> 22 May 2017

STOCK LIFECYCLES and MAXIMIZING PROFITS...
By: Clive Maund
Stocks are like living things, they are born, grow, mature, age and decline and then die, or are reborn, which reflects the fact that the companies on which they are based do likewise. This should not be so surprising since companies are comprised of people. Whole industries come and go as a result of the evolution of technology and changing fashions. A simple example of this is provided by the music industry, where first you had vinyl, then cassettes, then CDs and now the industry is moving to downloads, with vinyl making a niche comeback.

news.goldseek.com >> 18 May 2017

Is the Market Plunge Just a Storm in a Teacup?
By: Clive Maund
The Deep State and the liberal elites have never accepted Trump as president, despite him being democratically elected, and have been trying to undermine and discredit him since he came to office, a job that is made easier by them controlling most of the media. They are pushing for impeachment on trumped up (no pun intended) charges, and while the chances of this succeeding look rather slim, if they do there will be a lot of angry people out there and even more polarization that is likely to lead to widespread rioting and social unrest.

news.goldseek.com >> 9 April 2017

Gold Market Update - Fading Fast
By: Clive Maund
Since the cruise missile attack on the Syrian airbase may be a “one-off” and tensions are likely to ease going forward, any positive impact on gold and silver prices is likely to fade fast, and in fact it already started to before trading was done yesterday, as we will now see on the charts. So it could be said that what we talking about here is a “sell on a strike” situation, selling the PM sector on a missile strike rather than buying the broad market on a labor strike as in Britain in the distant past.

news.goldseek.com >> 3 March 2017

The PM Sector "Tips Its Hand"
By: Clive Maund
It is common for commodities to drop in unison, especially metals and oil, and last night we observed that oil looks set to drop hard soon, which was given added significance by the sharp drop in Precious Metals stocks yesterday, that calls time on the recent gold and silver rally that occurred this year to date.

news.goldseek.com >> 16 January 2017

Broad US Stockmarket update as the Inauguration of Trump Approaches
By: Clive Maund
The election of Donald Trump sparked a rally in the broad stockmarket which has continued up to the present, and according to the laws of reverse (inverse) logic that rule the markets, his inauguration as President is likely to trigger a swoon, and as we will shortly see, there are other compelling technical reasons for the market to drop back soon, and it is worth noting that selling might start kicking in before the inauguration.

news.goldseek.com >> 19 December 2016

The War on Cash and then on Gold
By: Clive Maund
The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008, thanks to the policy of solving liquidity problems near-term by creating even more debt and derivatives, Quantitative Easing being the most obvious example. However, while the majority consider the situation to be hopeless, there is actually “light at the end of the tunnel”.

news.goldseek.com >> 1 December 2016

Trump Makes The US Stock Market Great Again
By: Clive Maund
Conclusion: the market appears to be starting out on another major upleg within the giant parallel uptrend channel shown on the 10-year chart above, on which you will also find a prospective target for this uptrend, that is a long way above current levels. If this interpretation is correct, any short-term reaction will present a buying opportunity.

news.goldseek.com >> 20 November 2016

Gold Market Update - Probabilities
By: Clive Maund
Charts only ever indicate probabilities, not certainties. At the time of the last update, gold was setting up for another upleg within the uptrend shown on our 1-year chart below, but this was predicated upon the expected Clinton victory, so when Trump won instead, this scenario aborted. Observe how, early on election night, when the markets assumed Clinton would win, gold was up sharply, but by the end of the night it had reversed sharply on heavy turnover, and it went on to break down from the uptrend and head steeply lower towards the important support level shown, which it started to arrive at on Friday.

news.goldseek.com >> 13 November 2016

Copper calls Gold Bottom on Trumphoria Surge...
By: Clive Maund
Let’s suppose that Trump at least partially goes ahead with his grandiose plans – what does it mean? Well, it means helicopter money, because there’s no other way to pay for it. This could indeed drive the stockmarket higher, which is what last week’s breakout may signify. However, it will also mean inflation, so gold and silver should bottom soon and turn higher. While copper may continue in a bullmarket action in it on Friday indicates temporary burnout, so it should now react.

news.goldseek.com >> 7 November 2016

Dome Forces US Stock Market Lower
By: Clive Maund
On the 1-year chart all becomes clear, and we see why the market is now dropping away. It is being forced into retreat by the fine, large dome pattern shown now pressing down on it from above—this is what triggered the support failure early this week. Volume has been persistently heavy on this drop, which is bearish, and the moving average convergence/divergence (MACD) indicator shows that there is plenty of room for it to drop further. An immediate downside target is the support shown in the 2000 area.

news.goldseek.com >> 30 October 2016

Gold Market Update - Correction Done?
By: Clive Maund
It now looks like gold’s correction is done and its intermediate base pattern is completing, and if so then we are at an excellent entry point for many better PM stocks, which have been savagely beaten down over the past several months - a necessary correction following their outsized runup earlier in the year. On its 1-year chart we can see that gold’s corrective action from early July has brought it all the way back to its steadily rising 200-day moving average, a classic buy spot, where a potential intermediate base has formed.

news.goldseek.com >> 9 October 2016

The Growing Threat of a Deflationary Meltdown and a Big Dollar Rally
By: Clive Maund
Last week saw a shocking plunge by gold and silver. While this is being classed in many quarters as part of a corrective phase in force since last July, and possibly the last part, the ferocity of this decline may have deeper implications, which is what we are going to look at here. The sharp break lower by gold may be telegraphing a strong advance by the dollar, and last week, as gold plunged early in the week and continued lower later in the week, the dollar pressed higher and broke above nearby resistance, which might be a prelude to an upside breakout from the 18-month long trading range in the dollar.

news.goldseek.com >> 3 October 2016

General Commentary including Deutsche Bank, PM's and Recent Trades Review
By: Clive Maund
A major “Sword of Damocles” overhanging global stockmarkets has been the situation with Deutsche Bank, which has a monumental derivative book and whose stock has been plunging to new lows. We have largely ignored this situation up until now, on the assumption that everyone else will until the SHTF, a strategy that has until now paid off. However, we should keep in mind that this is potentially a very dangerous situation that could dwarf the Lehman debacle and send world markets into a tailspin.

news.goldseek.com >> 19 September 2016

PM Sector Alert Ahead Of Fed - Possible Double Bottom Completing
By: Clive Maund
The purpose of this update is to point out that the PM sector correction may be completing RIGHT NOW, with sector indices at the 2nd low of a potential Double Bottom. Whether it is or not depends on the outcome of next week’s Fed meeting – if they announce a rate hike, then both the broad market and the PM sector can be expected to break sharply lower. If they don’t – if they put it off again till later, or never, then the PM sector should take off higher again. We cannot know in advance whether they will hike or not, but we can be sure that their intentions have already been telegraphed to the 1%, so that they can position themselves to profit in advance.

news.goldseek.com >> 11 September 2016

PM Sector Downside Target on Market Rout - Strategies...
By: Clive Maund
How should holders of PM stocks handle this correction? Most important of all is realizing first off that it is only a correction, and having an idea of where it is likely to end, as set out here, should help. There are several ways to handle it depending on what type of investor or trader you. One approach is to sell holdings now, assuming the sector doesn’t open heavily down on Monday, with the aim of buying them back when GDX drops into the support zone – this approach risks being left stranded if the sector turns up from here.

news.goldseek.com >> 5 September 2016

Gold Market Update - Going Off The Rails
By: Clive Maund
Many people are aware that the world is going to Hell, and are feeling very uneasy because they can’t see through the smog of propaganda to precisely why this is happening – after all, with progress and technological advances, life is supposed to get better for more people, right? There are two big reasons that things are going off the rails. One is the abandonment of honest money with the world being set on the road to ruin when Nixon finally finished off the gold standard in 1971.

news.goldseek.com >> 26 August 2016

The Precious Metals Sector and the Fed
By: Clive Maund
While the Fed is almost powerless these days, as it has succeeded in "painting itself into a corner," the markets still seem to think that its utterances are important and react, sometimes violently, to its apparent stance, or implied stance. For this reason we have to treat Fed statements as important, even though they really aren't. Today we have the Fed making pronouncements and the markets can be expected to gyrate around and react as usual.

news.goldseek.com >> 15 August 2016

The Dollar Index and Helicopter Money
By: Clive Maund
We have already figured out that, faced with the choice between doing “helicopter money” and allowing a deflationary implosion to occur, those in power will elect the former, because it buys them more time by keeping the system limping along for longer, and we have now arrived at the stage where it will be one or other. The market has already figured it out too, which is why gold and silver have started a new bullmarket.

news.goldseek.com >> 7 August 2016

Gold Market Update - Correction Imminent
By: Clive Maund
Because it is now “politically incorrect” to be bearish on gold, it makes it more likely that a sizeable correction will occur soon, and there are a number of technical indicators at extremes suggesting that a correction is imminent, which we will look at in this update. We’ll start by looking at gold’s latest charts beginning with the 3-month. On this chart we see that gold made only very limited gains following its Brexit vote surge, and it has just failed at resistance at its early July high, with a sizeable down day on Friday, so that it is now stuck in a rectangular trading range, which could be either a continuation pattern or an intermediate top.

news.goldseek.com >> 15 July 2016

The Broad Market, Helicopters and Gold
By: Clive Maund
There has been a stunning post Brexit turnaround in the markets. Far from leading to chaos, the markets have taken it in their stride, and are now rising in anticipation of “helicopter money”. Helicopter money is basically unlimited global liquidity intended to head off a liquidity crunch and keep the game going as long as possible – this is the next and ultimate stage in the fiat endgame. The starting point for this is Japan, but it will quickly become global, and legal constraints can simply be brushed aside – if laws prohibit it, they can be changed.

news.goldseek.com >> 11 July 2016

Gold Market Update - Set To React
By: Clive Maund
Over the longer-term the prospects for both gold and silver are very bright indeed, because of the inexorable global trend towards hyperinflation, driven by the stark reality that there is now no way back for the Keynesian extremists who have created the present shambles. Given the current debt structure, any serious attempt to “apply the brakes” will result in a total implosion and collapse of the system, which will disappear into a neutron star like black hole.

news.goldseek.com >> 26 June 2016

Elites and Markets Roiled As Britain Rids Itself of the Parasites
By: Clive Maund
Woke up to stunning news this morning – sorry, I don’t stay up watching election results – that Britain has voted by a narrow but clear majority to leave the EU. I had feared that the British electorate would be cowed into submission by the barrage of pro-Europe propaganda and scaremongering, like the Scots were at the time of the Scottish independence referendum, but they weren’t, or at least sufficient of them weren’t to assure a positive result. Nevertheless, 48% still voted to stay in, which shows you how many gullible idiots there are out there – they are either that or in some way they are benefitting from the EU, by getting handouts etc.

news.goldseek.com >> 23 June 2016

The Brexit Vote and the Markets
By: Clive Maund
With the Brexit vote imminent we can expect to see big volatility in markets immediately following it, and possibly even before it, if the market thinks it has got wind of the outcome ahead of the final count. If Britain votes to leave the European Union, the presumption is that the euro will drop hard, because this would be a big prominent nail in the coffin of the failing Union, and because the dollar index is about 57% comprised of the euro, we can expect it to soar. If Britain votes to stay in, the outcome is less clear, since Britain staying in will not solve the mounting problems of the EU.

news.goldseek.com >> 19 June 2016

Gold Market Update: short to medium-term outlook deteriorated substantially last week
By: Clive Maund
A final important point is that if the Brexit vote results in Britain leaving the EU, it could potentially unleash a financial tsunami that sees markets crash and gold, silver and other commodities taken down as the dollar soars. It is impossible to say which way this vote will go. The ordinary voting public are being subjected to heavy and relentless and also carefully contrived propaganda by the mainstream media, who are controlled by the elites who are obviously pro the European Union and it remains to be seen whether they can be herded like sheep into voting in the desired manner, as the Scots were, when they succumbed to scaremongering about the consequences of becoming independent.

news.goldseek.com >> 5 June 2016

OIL update - has the advance finally run out of steam?...
By: Clive Maund
It still looks like oil is topping out here at about the $50 level after its substantial recovery uptrend from its February low. While we cannot be sure until it breaks down from its uptrend, the chances of its doing so soon look high for various reasons. One is that the current intermediate uptrend has been going on for a long time now and has resulted in a persistent overbought condition. Another is that it is quite some way above its 200-day moving average, which although it has turned up, is still only rising gently.

news.goldseek.com >> 1 May 2016

Gold Market Update - Paradoxical Situation
By: Clive Maund
The situation is paradoxical – gold and silver have broken out upside despite already extreme COT readings, yet the dollar has still not broken down. This setup continues to warrant caution, yet if the dollar should break down from its potential top area and drop hard, gold and silver will go into a vertical meltup – and here we should not forget the tight physical supply situation. In the last update we expected gold and silver to drop due to the COTs extremes, but they have done the opposite resulting in even greater extremes, which in silver’s case are “off the scale”.

news.goldseek.com >> 18 April 2016

Gold Market Update - COT Horror Story
By: Clive Maund
The latest gold COTs are out and they are an absolute horror story, with Commercial short and Large Spec long positions having ramped up to multi-year extremes, which we can take to mean that the dollar is not going to crash its support in the 93 area and will instead rally. While PM stocks have broken higher, gold has stubbornly refused to and has been dropping back in recent days to complete the Right Shoulder of what is believed to be a Head-and-Shoulders top, as we can see on its 6-month chart below.

news.goldseek.com >> 3 April 2016

Canadians Switch out of Canadian Dollars into US Dollars Now!!
By: Clive Maund
As a Brit I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the time to “put your money where your mouth is” when it comes to admiring the Yanks, by changing your Canadian dollars immediately into US dollars, the prime reason being that the Canadian looks set to drop after a big rally from mid-January, while the US dollar looks set to surprise by rallying away from the danger zone of the support around 93 on the dollar index.

news.goldseek.com >> 21 March 2016

Gold Market Update - Dollar Soon to Turn Up
By: Clive Maund
The conclusion therefore is that the dollar is going to turn up here, or very soon, and that commodities are going to get smacked back down again, especially copper, gold and silver, and oil. Gold in particular is very vulnerable after it recent frothiness and wild excitement among goldbugs.

news.goldseek.com >> 14 March 2016

Gold and Silver COT Update - Get 30,000 Coffins Ready...
By: Clive Maund
Conclusion: gold and silver Commercial shorts are at “nosebleed” levels calling for a smash soon, which might be precipitated by the Fed next week. Copper, after looking bullish for weeks, suddenly looks vulnerable, with Commercials rapidly liquidating nearly all their remaining longs. The broad stockmarket COTs are ever more bullish, suggesting that the Small Specs, who have been piling on the shorts, are going to be slaughtered. Oh, and by the way, my mistake, 40,000 coffins.

news.goldseek.com >> 6 March 2016

PM Sector update - Not a Flag or Pennant But a Top - New Longs About To Be Fleeced
By: Clive Maund
Many analysts and writers have described the pattern forming in the past couple of weeks in gold as a “bull Flag or Pennant” with some appearing to be “playing to the gallery” – i.e. telling their audience what they want to hear, which is that gold will continue to go up. I, on the other hand, decided that the triangle that had formed was not a continuation pattern, but a top, and said so about a week ago. So, as you will readily understand, I was not looking good when gold seemingly broke out upside on Thursday, and came in for considerable flak. However, on Friday there were some dramatic developments across the sector which look set to vindicate my stance.

news.goldseek.com >> 28 February 2016

Silver breaks Lower - Gold and PM Stocks Set to Plunge
By: Clive Maund
In the latest Gold and Silver Market updates, posted last weekend, the view was expressed that an intermediate top was forming gold and silver, not a bull Flag as some were suggesting, and the latest COT data not only confirms this view, but suggests that a severe drop is imminent, and it already started in silver on Friday. Fortunately we exited most of our long positions in the sector, many at a handsome profit, over the past 2 weeks, having spotted the danger.

news.goldseek.com >> 21 February 2016

Gold Market Update
By: Clive Maund
We have been wondering over the past week whether gold and silver have been starting to mark out bull Flags or whether they are instead at intermediate tops. That question is answered for us by the latest COTs which reveal that Commercial short positions have exploded in recent weeks, particularly in silver, where they are now at “nosebleed levels”. We therefore now expect a correction, which could be quite heavy – so Curb your Enthusiasm, people. When it happens don’t be fooled into thinking that the bearmarket is back on and Goldman is right. Instead take the opportunity to back up the truck and load up on PM sectors investments, many of which have risen too far too fast in recent weeks.

news.goldseek.com >> 7 February 2016

Gold Market Update
By: Clive Maund
Conclusion: the outlook for gold is brightening rapidly. Many observers are expecting it to do now what it has always done in recent years, when it has risen up to challenge its falling moving averages near to the top of its major downtrend channel, which is to do an about face and drop back down again, probably to new lows. This time however there is good chance that it will break out of its downtrend and possibly go into “meltup” mode, along with silver and Precious Metals stocks – especially PM stocks, which are horribly undervalued.

news.goldseek.com >> 1 February 2016

Elites set to wipe out shorts before next downwave
By: Clive Maund
The recovery rally in the US stockmarket that we have been expecting for a week or two started on Friday with a robust advance that gathered strength into the close. The trigger was Japan’s announcement that it is going into NIRP (Negative Interest Rate Policy) in a big way, which means that as they slip deeper into the abyss of bankruptcy they are going to resort to robbing savers. This is real “endgame stuff” – another milestone on the road to ruin, and it looks like it was the result of the Japanese attendees at Davos being taken to one side and given their “marching orders”.

news.goldseek.com >> 29 January 2016

The Curious Case of Copper
By: Clive Maund
I recently watched a movie called The Curious Case of Benjamin Button which some of you may have seen. In this film the lead role, played by Brad Pitt, is born as a decrepit old man and gets steadily younger until he eventually died of old age as a baby. To say that it’s ridiculous is the understatement of the millennium. Yet many people come away from watching this film thinking “How wonderful, if we all kept getting younger!” As a contrarian I instead found myself wondering about the catastrophic effect on the cosmetics industry, as the market for anti-aging creams would collapse.

news.goldseek.com >> 24 January 2016

Charting the Crash - How Far Will The Bounce Get?
By: Clive Maund
Last week the market plunged to arrive at the last ditch support level in the 1800 – 1850 zone on the SPX500 index that we had earlier defined as marking the lower boundary of the giant Head-and-Shoulders top. Once this level is breached, the full-on crash starts. Because it arrived at this support level in an even more oversold state than it was at the depths of the plunge last August, and because Smart Money has become bullish, it made it unlikely that it would break down and crash just yet, and sure enough the market has started to bounce, which means that the danger has probably abated, for now.

news.goldseek.com >> 10 January 2016

Market Crash – Last Week Was The 2nd And Final Warning
By: Clive Maund
Many were talking about the market crashing last week and the mainstream financial press were waxing hysterical, but as we will now see the crash hasn’t even started yet. If the press got like that last week, imagine what they will be like when it really does crash – last week was just a “warmup”, the 2nd and final warning, the 1st warning was the plunge last August.

news.goldseek.com >> 4 January 2016

The Incredible Commodities - Stocks Divergence and What It Portends
By: Clive Maund
As we approach the end of the year we are going to review one of the most extraordinary divergences that we have witnessed in modern times. This is very important because once you grasp the magnitude of this divergence and what it implies, you will be able to position yourself to firstly avoid harm and secondly capitalize on a reversion to the mean of this divergence, which, because it is so extreme, looks inevitable.

news.goldseek.com >> 20 December 2015

Gold Market Update
By: Clive Maund
Gold’s technical picture is actually little changed from the last update posted on the 6th, apart from its having made marginal new lows late last week. What has changed is that we have since seen the Fed raise interest rates for the first time in many years, and the Junk Bond market has started to seriously fall apart.

news.goldseek.com >> 13 December 2015

The Great Train Wreck of 2016
By: Clive Maund
Today we are going to review irrefutable evidence that a slow motion train wreck is already well underway across global markets, that will end with the last wagons on the train, the SPX500 index and the Dow Jones Industrials, disappearing into the abyss right after their immediate predecessors.

news.goldseek.com >> 6 December 2015

Gold Market Update
By: Clive Maund
Conclusion: gold broke out convincingly on Friday to start an intermediate uptrend that will result in worthwhile gains from here for a wide range of investments across the sector. While the bearmarket may reassert itself later, latest gold COTs are so bullish that we may have seen the final low – it may be over. We will know if it succeeds in breaking out of the Falling Wedge shown on the 7-year chart.

news.goldseek.com >> 2 December 2015

Latest Gold COTs Most Bullish For 14 Years, And Call for a Sizeable Tradeable Rally Soon
By: Clive Maund
There is no need to mince words or beat around the bush with this update. The latest COTs for gold released yesterday showed another marked improvement so that they are now strongly and unequivocally bullish – in fact they are at their most positive since late 2001, that’s 14 years. We are not going to waste our time trying to figure out the reason or reasons for this, but possibly this situation suggests that the Fed is not going to raise rates this month as widely expected. If they don’t, the dollar, which has wafted back to its highs on this expectation, will drop and the PM sector will rally.

news.goldseek.com >> 22 November 2015

PM Sector Big Green Light and Low Risk Entry Setup
By: Clive Maund
Logically, one would expect massive expansion or growth in the factors listed above to be bullish for gold and silver, which should hold their value in real terms, and many PM sector investors banking on such logic have as we know been ruined, so why have gold and silver dropped for 4 years now? The reason is that they have been abandoned by hot money pursuing speculative bubbles that, on opportunity cost grounds, have proved to be more fertile territory for amassing speculative gains than gold and silver. Given that the underlying bullish factors for gold and money have not disappeared over the past 4 years, and on the contrary have actually intensified, it should be clear that what has been labeled a bearmarket in gold and silver is actually a gigantic correction within an ongoing epochal bullmarket.

news.goldseek.com >> 8 November 2015

Gold Market Update
By: Clive Maund
The predictions made in the recent past for the dollar to rally and gold and silver to drop have proven to be correct. Gold has now dropped for 8 days in a row as we can see on its 3-month chart below, which common sense dictates is increasing the chances of a bounce soon, especially as Commercial short positions eased significantly last week and gold is arriving at a support level in an oversold condition. Gold is oversold relative to its moving averages, which are in bearish alignment.

news.goldseek.com >> 1 November 2015

Why the Super Bearish PM COTs Portend a Plunging Euro
By: Clive Maund
It was ironic that when Dr Watson complained to his companion Sherlock Homes that he had a stomach ache, Holmes clarified the situation at once by saying “Alimentary, my dear Watson”. More generally, the legendary sleuth of Victorian London would make light of his accomplishments after solving cases that baffled the police, by remarking “Elementary, my dear Watson”. Doubtless this expression was deeply irritating to his arch-enemy Moriarty.

news.goldseek.com >> 18 October 2015

Gold Market Update
By: Clive Maund
Gold’s cheerleaders are at it again, jumping up and down with excitement as they proclaim the birth of a new bullmarket, and herding their flocks into the sector, when they have barely recovered from the last fleecing. There are 3 factors that we are going to look at which suggest that this latest rally is just another false dawn. One is the unbroken downtrends in gold and silver, the next is the unfavorable alignment of their moving averages, and finally their latest COTs, which call for caution – especially silver’s which is downright bearish.

news.goldseek.com >> 5 October 2015

Fiat Endgame - More QE, NIRP, Bail-Ins and Pensions Plunder
By: Clive Maund
What all this implies then is that gold is either at or very close to a major bottom here, and furthermore if this is the case, then the Precious Metals sector, which is now extraordinarily undervalued relative to gold, has huge upside potential from its current dismally low levels. This is a reason that we went for the sector on Thursday when it was hard down on an important support level affording a low risk entry setup, and we will be devoting more and more attention to it on the site going forward.

news.goldseek.com >> 29 September 2015

Junk Bond Market Imminent Collapse Threatens (Unwelcome) Big Rate Rises
By: Clive Maund
Everyone is so focused on looking at the Fed and whether or not it decides to raise rates by a puny 0.25%, that they are completely overlooking the fact that it is the market’s role to set interest rates, and if the Fed is not up to the job, then the markets will eventually take over and do it in a manner that is likely to involve rises vastly greater than a mere 0.25%, which given the current fragile and extremely unstable debt structure, can be expected to have catastrophic consequences.

news.goldseek.com >> 20 September 2015

S&P500 Index Update - End Run Smash Looks Imminent
By: Clive Maund
The market didn’t waste any time “getting on with it” yesterday after the bearish action on the day of the Fed announcement. It fell, and hard. We are going to look at this carefully because what appears to be starting is a devastating “end run around the line” smash – if so a brutal plunge is just around the corner.

news.goldseek.com >> 18 September 2015

After the long dark night, the Sun starts to rise on Commodities
By: Clive Maund
Commodities and Emerging Markets have been crushed over the past 15 months by the dollar’s strong rally. It therefore follows that if the dollar starts down again, they are going to rally, and this will happen regardless of the state of economies. The dollar should start down again if the Fed fails to raise interest rates tomorrow, and maybe even if they do, as the ensuing chain of interest rate rises cannot extend far because of the magnitude of debt.

news.goldseek.com >> 13 September 2015

PM Sector Very Low Risk Rading Setup at Possible Sector Bottom
By: Clive Maund
It looks like we are really going to see some fireworks late this coming week, right after the Fed make their much anticipated announcement about whether or not they will raise interest rates. They had better get on with it and do their miniscule rate rise this time, because if they don’t and start making bleating noises again about doing it at some point in the future, their already tenuous credibility will vanish.

news.goldseek.com >> 7 September 2015

Bulls set to be Tasered again by Imminent Severe Downleg
By: Clive Maund
The stockmarket is toxic! It’s very important that you don’t get seduced by the old siren song of Wall St about “buying the dip” and other nonsense like “being selective”. While these strategies have worked up to now, they won’t any longer, because we are now in a bearmarket, and furthermore it looks like we are on the verge of another plunge.

news.goldseek.com >> 30 August 2015

Red Alert for 2nd Crash Downwave
By: Clive Maund
We are believed to be at an excellent juncture right now to short the broad stockmarket (or buy bear ETFs and Puts). As we know, we did just that before the dramatic plunge early last week, and are now “sitting pretty”. Now is the time to add to positions, or if you haven’t any and are looking for the right shorting opportunity, this is it.

news.goldseek.com >> 26 August 2015

China Shanghai Composite Update
By: Clive Maund
The Chinese market is of interest to us not because we necessarily want to trade it, but because of its effect on other world markets. Its heavy drop on Monday morning contributed to the rout on Wall St later in the day. The Chinese economy is a massive Ponzi scheme that is threatening to implode, with grave implications for the world economy.

news.goldseek.com >> 23 August 2015

Black Monday...
By: Clive Maund
We are now in the “full on” market crash phase predicted and earlier prepared for on clivemaund.com many weeks in advance – it comes as no surprise to us whatsoever. The purpose of this update is to consider what is likely to happen over the next few days and especially tomorrow, Monday. When a market tips into a crash on a Friday, what typically happens is that the thousands or even millions of investors who believed the mainstream media and didn’t see it coming spend the weekend “stewing” over their investments – and many of them decide to bail out come Monday.

news.goldseek.com >> 21 August 2015

Full On Crash Alert For Major World Markets...
By: Clive Maund
There are various reasons, both fundamental and technical, to believe that a market crash is almost upon us. This crash will affect virtually all world markets, including and especially the big Western Markets which have thus far escaped the devastation already afflicting the developing markets. Here we are going to focus on US markets, but they will all get taken down – European markets including the UK, and Far Eastern markets such as Hong Kong and Japan.

news.goldseek.com >> 18 August 2015

Junk Bonds Call For Market Crash...
By: Clive Maund
We have looked at plenty enough evidence in recent weeks that a crash is looming for US markets, and now we are going to take a look at another important piece of evidence that we haven’t previously considered – the Junk Bond market. When confidence deteriorates Junk Bonds get sold off. A reason for this is that Junk Bond Holders are low on the list of creditors who can expect to be paid off in the event of corporate default, hence the name. They yield more because they carry more risk, so when risk threatens to rise or rises, savvy holders want out.

news.goldseek.com >> 17 August 2015

Why The PM Sector Is Now A Contrarian’s Dream
By: Clive Maund
In this update we are only going to look at one chart, because I don’t want to dilute its impact by including anything else. There are many other charts supportive of a positive outlook for the Precious Metals sector going forward, which we will look at separately.

news.goldseek.com >> 9 August 2015

The NASDAQ's Days Are Numbered Too...
By: Clive Maund
When you attend the funeral of a dearly departed friend or relative it is appropriate to show due respect by wearing black. Similarly, in this update on the Tech Sector, which will very soon be on its deathbed, it is appropriate that we show due propriety and respect for the seriousness of the situation by presenting our analysis on somber black charts.

news.goldseek.com >> 2 August 2015

Preparing for the Crash - S&P500 index analysis - INVERSE ETFs & PUTS TIMING...
By: Clive Maund
In this update on the broad market S&P500 index we are going to look at no less than 5 charts for it, covering different timeframes, the reason for this is that there are different points to make on each of these charts. Before looking at the charts for the S&P500 index we are going to review first a range of charts, including the latest charts for Margin Debt and NYSE available cash. These charts provide the direst warning imaginable of impending trouble.

news.goldseek.com >> 26 July 2015

Gold Market Update
By: Clive Maund
Gold cracked support and plunged to new lows since the last update, which came as no surprise to us. So what now? We are seeing signs that a recovery rally is about to begin, but it probably won’t get all that far before a new downleg gets underway that sees gold make new lows again. It’s not just gold prices that are suffering – the entire commodity complex is in ragged retreat, with steep falls also in copper and oil. Why is this? The reason is that the gathering forces of deflation are starting to wreak havoc, and they are not going to be stopped by more QE – even if they print another $10 trillion to throw at the problem.

news.goldseek.com >> 20 July 2015

The Big Deflationary Downwave Quick Reference Guide...
By: Clive Maund
We are believed to be on the verge of another deflationary downwave, similar to or more severe than the one which drove the dollar spike – and commodity slump – between July of last year and March, and caused by an intensification of the debt crisis, with increasing capital flight out of Europe and into dollar assets as the EU crumbles. More QE will not save the situation, as it is already discredited and will have no more effect than trying to inflate a tire or rubber boat that has a big hole in it.

news.goldseek.com >> 14 July 2015

The Humiliation and Subjugation of Greece
By: Clive Maund
Europe is a fascinating place, but not as interesting as it was before the European Union came into existence. Older travellers may recall the fun of going from one European country to another, with each having its own currency and banknotes which you could scrutinize with interest as you relaxed at various cafes or restaurants. The national stereotypes could still easily be found – Frenchmen on bicycles dressed in blue and white striped shirts and black berets pedaling around selling strings of onions, and refusing to speak English on principle even when they understood it, or spending their time productively on four hour lunches or womanizing.

news.goldseek.com >> 12 July 2015

Gold Market Update
By: Clive Maund
The situation is paradoxical – the charts of just about everything are positioned for a plunge – or a turnaround and limited recovery, which reflects the fact that markets are waiting on some sort of resolution of the standoff with Greece, either Greece walking away, a Grexit, or a fudge solution where Greece accepts defeat and is denied debt relief or it is obfuscated sufficiently for the markets to buy it and this may involve another “can kicking” exercise. While the charts for many commodities look scary, including gold and silver, their COTs now look bullish, which suggests that the fudge solution will be the outcome.

news.goldseek.com >> 9 July 2015

China Crisis - Hyperoversold Condition Calls for Bounce - Target...
By: Clive Maund
It’s a shame more Chinese investors didn’t get to read our timely warning of an impending mega-smash in the Chinese stockmarket – it would have been worth the cost of a subscription TO AVOID LOSING THEIR LIFE’S SAVINGS. It was mentioned as an aside yesterday’s update on the oil sector, in which we took huge profits in United States Oil Fund Puts, that the Chinese market was massively oversold and now exhibiting extreme technical compression and thus starting to look attractive for a rebound, and we will now proceed to see exactly why that is on the charts for the Shanghai Composite Index.

news.goldseek.com >> 5 July 2015

Gold Market Update
By: Clive Maund
Conclusion: gold and silver look like they are consolidating within their downtrends ahead of another sharp drop, which is expected to synchronize with another dollar upleg. Over the longer-term, and contrary to general expectations, a mega bullmarket is expected to be ignited by a new cycle of rising rates, as in the late 70’s, which will devastate the inflated bond and stockmarkets.

news.goldseek.com >> 28 June 2015

China Crackup - The Final Trap Looms...
By: Clive Maund
What was predicted for China has started to happen with the dramatic failure of its parabolic uptrend just over a week ago leading to a plunge. The update China Crash was posted when all indicators were at “nosebleed” levels late in April, right after which the third steepest fanline shown on our 1-year chart for the Shanghai Composite Index below was breached. Somewhat amazingly, that overbought peak late in April was not the final top – it rose even higher into early-mid June, but after that, just over a week ago, it finally broke below the parabola and started to cave in.

news.goldseek.com >> 15 June 2015

Bond Bombshell...
By: Clive Maund
DEFLATION RULES! – because periodic recessions, necessary to rebalance the economy after periods of growth, cannot be put off forever by the short-term expedient of printing money. The result of such corrupt and evasive practices is that the deflationary forces build up to catastrophic and overwhelming proportions leading to economic collapse and depression. This is the point that we have arrived at now. Why can’t governments keep the game going indefinitely by printing more and more money?

news.goldseek.com >> 9 June 2015

Gold Market Update
By: Clive Maund
Although the longer-term bullish case for gold could scarcely be stronger, over the short to medium-term the picture continues weak, with it looking vulnerable to breaking down into another downleg to the $1000 area and perhaps lower. In the last update you may recall that there was some optimism expressed that it might perk up on the dollar topping out, but such has not proved to be the case – instead it has performed miserably and now looks set to drop more steeply to new lows.

news.goldseek.com >> 4 May 2015

Gold Market Update
By: Clive Maund
Conclusion: the long mid-bullmarket correction in force from the 2011 highs is approaching or at its conclusion, although gold could drop to $1000 before it’s done. However further losses are looking less likely as the dollar has broken down from its parabolic uptrend and is vulnerable to a severe decline, after a short-term rally to relieve the current oversold condition. The long-term outlook for gold and silver is a massive parabolic ramp similar to, but much greater in magnitude to that which occurred in the 1970’s, taking gold eventually to $5000 or higher.

news.goldseek.com >> 17 April 2015

US Stock Markets Update – Getting Scarier By The Day…
By: Clive Maund
The Fed has been goosing the market for years now with QE and heavy intervention every time it looks like it’s going to drop at the behest of their masters on Wall St, creating massive distortions, which means that if they lose control for whatever reason this whole thing will blow up in their faces. The biggest threat to this enormous Ponzi scheme will be a self-feeding dollar collapse involving a reversal of capital flows, that only a significant rise in rates could halt. The closing up of the giant bearish Rising Wedge shows that we could be very close to this happening.

news.goldseek.com >> 12 April 2015

Gold Market Update
By: Clive Maund
Although gold has rallied as expected in the last update, the advance has been modest and now it appears to be weakening again, and with its latest COTs showing a marked deterioration and the dollar maintaining its parabolic acceleration, it looks set to drop back along with silver. The long-term uptrend remains down.

news.goldseek.com >> 22 March 2015

Gold Market Update
By: Clive Maund
The immediate outlook for gold has improved dramatically following the dollar’s topping action of recent days after the Fed was rumbled, and the vast improvement in the COT structure of the past 2 weeks. While the negative outlook set out in the last update could yet come to pass in the event of a deflationary implosion – and remains a risk until gold breaks out of the downtrend shown here on our 8-year chart – latest COTs certainly suggest that the risk has been averted for now.

news.goldseek.com >> 9 March 2015

Gold Market Update
By: Clive Maund
Gold did almost exactly what we expected in the last update, it bounced from oversold off the support at $1190 - $1200, only to break sharply to new lows on Friday, crushed by the strength of the dollar. We got with the plot and are doing fine with bear ETFs, one of which rose by 22% on Friday alone. The dollar is remarkably strong especially given that its COTs and sentiment readings are already bearish by normal standards, so what is going on? - and where is the dollar headed?

news.goldseek.com >> 6 March 2015

Preparing for the Crash as Earnings Crumble and Buybacks Exhaust Themselves
By: Clive Maund
As you know I am primarily a chart analyst, so when I come across fundamental analysis that really gets to the bottom of what is going on I like to share it with you. It is of the utmost importance that such analysis and the info therein is either not known to the market at large or its significance is not appreciated – by the time most fundamental information becomes known it is too late – it has already been factored into prices, which is a big reason for using charts.

news.goldseek.com >> 23 February 2015

Gold Market Update
By: Clive Maund
Conclusion: although a short-term bounce looks likely for the sector as it is oversold on short-term oscillators, medium-term a potentially quite sharp drop looks likely, that could even take gold to new lows. There is some danger of a destructive final C-wave that takes the gold price down to finally bottom in the zone of strong support in the $900 - $1000.

news.goldseek.com >> 3 February 2015

THE GOLDEN AGE OF QE and the FIAT ENDGAME...
By: Clive Maund
As you are doubtless aware we are living in a new paradigm – the age of global QE has arrived. Amongst the major power blocs it started with the US, spread to Japan, which adopted it with a particular gusto, after suffering from deflation for decades, and just has been taken up by Europe in a big way, after waiting for half its young people in many constituent countries to become unemployed due to the ravages of deflation. Smaller countries will have to join in or their currencies will soar and they will become uncompetitive.

news.goldseek.com >> 19 January 2015

Gold Market Update
By: Clive Maund
Nothing has been done to address the structural inadequecies and distortions that lead to the 2008 financial crisis – instead our leaders have resorted to the procrastination made possible by turning to drugs, specifically Quantitative Easing, which has enabled them to clamp interest rates at 0 to prevent the already unserviceable debt load from compounding out of sight. Spearheaded by the US, this money printing policy has now become standard practice around the world, with Europe and Japan following suit in a big way.

news.goldseek.com >> 30 December 2014

IT COULD NOT LOOK BETTER FOR THE PM SECTOR GOING INTO 2015...
By: Clive Maund
In this article we are going to look at compelling evidence that the Precious Metals sector is either at or very close to a major bottom, and see why the chances are high that the sector will rally strongly in the New Year. You have all heard the old adages about “buying low and selling high” and how the time to buy is when there is “blood running in the streets”. Never have these adages been more applicable than they are now to the Precious Metals sector, where even the most diehard bulls have had enough and thrown in the towel.

news.goldseek.com >> 15 December 2014

Gold Market Update
By: Clive Maund
If we lived in a normal word of fiscal propriety, the falling oil price would be viewed as something to celebrate, as it reduces costs across the board, and should theoretically boost the economy, but we live in an abnormal debt-wracked world where instead fears are surfacing that the plunging oil price will trigger a series of cascading loan defaults that have the potential to collapse the system – already world stockmarkets are buckling.

news.goldseek.com >> 3 December 2014

Gold Market Update
By: Clive Maund
Yesterday was an extraordinary day in the Precious Metals markets, with a good chance that it signals the reversal from the brutal 3-year plus bearmarket that so many have waited so long to see. The day started with gold and silver plunging on the news that the Swiss voted against backing their currency with gold, but later in the day they rallied strongly on heavy turnover to close with giant reversal candlesticks on their charts. Regardless of the reasons for this bizarre behavior, technically this action looks very positive, and this is written with the awareness that gold has reacted back this morning on dollar strength.

news.goldseek.com >> 2 November 2014

Gold Market Update
By: Clive Maund
Gold finally crashed key support at last year’s lows on Friday, which was a very bearish development that has opened up the prospect of an immediate severe decline at least to the strong support in the $1,000 area. Such a decline will have grave consequences for the Precious Metals mining industry, whose costs have risen sharply in recent years, and is expected to lead to a massive wave of company failures, as many who have been “hanging on by their fingernails” finally lose the fight and disappear over the cliff.

news.goldseek.com >> 2 October 2014

HONG KONG - the Western Elites get to work on CHINA'S "ACHILLES HEEL"...
By: Clive Maund
Hong Kong, which was returned to China by Britain after the expiration of a 99-year lease, has long been regarded as a sort of capitalist jewel in China’s crown, but now it seems to be becoming a “thorn in its side”. One has to wonder why, after 17 years, the students of Hong Kong have suddenly decided to confront the Chinese government over the issue of democracy. They have made it plain that they are not prepared to accept the dictates of central government – and the general law of the land in which they live.

news.goldseek.com >> 29 September 2014

Gold Market Update
By: Clive Maund
Some of you may remember those gold ingot vending machines that started to pop up at airports and other places several years ago, which were of course a sign of a top. If they are still there they have probably been reconfigured to dispense cans of coke and candy, and if so it’s a positive sign for gold.

news.goldseek.com >> 18 September 2014

Gold Market Update
By: Clive Maund
The Pope just observed that the situation in the world today amounts to a Third World War – he’s right and although he didn’t point the finger, we know what it’s all about – the maintenance and imposition of the dollar as the dominant world currency, by diplomacy or by force as deemed necessary. We will come to these geopolitical considerations later as they of course have huge implications for the dollar and thus for Precious Metals.

news.goldseek.com >> 2 September 2014

Gold Market Update
By: Clive Maund
Gold and silver are at a critical juncture – either they break down to new lows soon or a major new uptrend is about to start. Which is it? – while we cannot be 100% sure either way, we can certainly attempt to figure which way they are likely to break.

news.goldseek.com >> 26 August 2014

Will the US succeed in breaking Russia to maintain dollar hegemony?...
By: Clive Maund
In Why they are making an enemy of Russia? we looked at two of the key reasons why the US is making an enemy of Russia, namely the promotion of conflict by the powerful Defense industry lobby in order to keep its order books full, and the value of conjuring up an external enemy as a hate figure for the masses, in order to take the heat off the government. In this article we are going to look at what is arguably an even bigger reason, that was largely omitted in the earlier article, which is that Russia, in alliance with China, is threatening to bring an end to the dollar as the global reserve currency, which would mean the end of the American empire.

news.goldseek.com >> 3 August 2014

Gold Market Update
By: Clive Maund
We called the exact top in gold to the day in the last update 3 weeks ago, as it has since reacted back. Now the picture is more messy, with conflicting indications, but let’s see what we can make of it. There was no update for these 3 weeks as we were waiting for this decline to run its course (no point in working for the sake of it).

news.goldseek.com >> 13 July 2014

Gold Market Update
By: Clive Maund
Whilst acknowledging that “this time it could be different” we have no choice but to call gold and silver lower on the basis of their latest extraordinary COT charts, which reveal that the normally wrong Large specs are already “betting the farm” on this rally. Let’s start by looking at the latest 6-month chart for gold. On this chart we can see that following its big up day in mid-June gold has only managed to creep about $20 higher.

news.goldseek.com >> 29 June 2014

Gold Market Update
By: Clive Maund
The latest COTs are indicating another false start for the Precious Metals sector. There was a very big jump in Commercial short positions in gold last week, but an astounding jump in Commercial short positions in silver, that is believed to be unprecedented. With both already at a high level as a result, it looks like we are in for a rerun of what happened after mid-March.

news.goldseek.com >> 19 June 2014

GDXJ Signals that MAJOR BREAKOUT and STRONG PM SECTOR ADVANCE IMMINENT...
By: Clive Maund
Most investors or would-be investors in Precious Metals stocks are so soured by the seemingly interminable bearmarket in the sector, that has gone on for 3 years now and been made even worse by its having unfolded against the background of a rising stockmarket, that they won’t see the major opportunity now being presented, even when it’s as plain as the nose on your face, which it is. This is a bit sad really, because huge profits look set to be reaped by those buying the sector now.

news.goldseek.com >> 9 June 2014

Gold Market Update
By: Clive Maund
On the 14-year log chart the retreat from the 2011 highs still looks like a correction within an ongoing major uptrend – which is not an unreasonable interpretation given that they have not stopped printing money. Gold looks like it has been basing over the past year above its long-term uptrend line, and at this point it looks like the support level at last year’s lows at about $1180 will hold, although there are reasons why we could see near-term weakness towards this support that we will consider shortly.

news.goldseek.com >> 28 April 2014

GOLD and the UKRAINE...
By: Clive Maund
In this article we are going to look at what is going on in the Ukraine, because it has major implications well beyond its borders, and could have a significant impact on the price of gold and silver. We will examine this situation in a calm, detached and objective manner, as if we were visitors from another planet with no bias or stake in any outcome.

news.goldseek.com >> 21 April 2014

Gold Market Update
By: Clive Maund
In the context of the magnitude of the rally from the December lows that preceded it, gold’s reaction from its March highs, see 1-year chart below, seems like a reasonable correction, although there have been some factors indicating that this is not a normal healthy reaction, such as the high downside volume, particularly in stocks.

news.goldseek.com >> 16 March 2014

Monster Silver Rally Brewing
By: Clive Maund
On silver’s 1-year chart we can see that a fine large Double Bottom is completing. We already had the breakout on good volume from the 2nd trough of this Double Bottom in the middle of February, and it was this event that has (rightly) caused traders to pile into silver, although the price hasn’t moved much – yet. The better silver stocks, on the other hand, are already on fire, because the “writing is on the wall”. Right now the price is consolidating following the breakout in a fine tight Flag formation, from which upside breakout looks imminent.

news.goldseek.com >> 24 February 2014

GDXJ Signals Imminent Breakout into Major PM Sector Uptrend
By: Clive Maund
A lot of investors are going to miss out on the huge bullmarket advance in the Precious Metals sector that is just starting as this is written, because they are frightened of the impact of the broad market on the sector, but as we will see, the sector itself is signaling that it is going up, big time.

news.goldseek.com >> 16 February 2014

Gold Market Update
By: Clive Maund
Gold broke out decisively last week from its downtrend dating back to last August, a development that was confirmed by a dramatic high volume breakout by silver on Friday. On its 8-month chart we can see that gold broke out both from its downtrend and also from a Head-and-Shoulders bottom. It even managed to close above its 200-day moving average on Friday, although the fact that this average is still falling coupled with an overbought reading on its RSI indicator may lead to gold consolidating a little before it makes further gains.

news.goldseek.com >> 2 February 2014

Precious Metals Sector New Uptrend - Juniors to Lead the Charge
By: Clive Maund
We sold our Precious Metals sector holdings on Monday 27th January, which we had bought just a few weeks earlier, in order to sidestep a possible reaction. The reason for this was that both gold and silver had arrived at important trendline resistance and some of our juniors had become critically overbought after strong gains. Were we correct to sell at that point, in view of the building major uptrend across the sector?

news.goldseek.com >> 26 January 2014

Gold Market Update
By: Clive Maund
Gold’s technical picture has improved since the last bullish update just over a month ago, but it has still not broken out the intermediate downtrend that started back last August, which we can see drawn on the 8-month chart shown below.