Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 1 19 2018
By: Ira Epstein

The Macro View: Amigos Ride On
By: Gary Tanashian

US Gold Reserves, Of Immense Interest to Russia and China
By: Ronan Manly

COT Gold, Silver and US Dollar Index Report - January 19, 2018

Jim Rickards: Next Financial Panic Will Be the Biggest of All, with Only One Place to Turn…
By: Mike Gleason

Bond Market Bear Creating Gold Bull
By: Richard (Rick) Mills

GDX $25 Breakout on Earnings
By: Adam Hamilton, CPA

Profiting in 2018
By: Deepcaster

“Mother Of All Blow-Offs?”
By: Dave Kranzler


GoldSeek Web

Gold bears caught short as prices bounce beyond $1,100

 -- Published: Monday, 10 August 2015 | Print  | Disqus 

By Peter Cooper

Gold prices jumped over the $1,100 hurdle easily today as the precious metal seemed to join in the rally with Chinese equities, and shorts were reminded that they can always get caught out when the latest sure-thing goes pear-shaped.

We’ve been warning for days that gold was looking particularly oversold. Our editor Peter Cooper penned a lonely, brave article last weekend in The National (click here) calling the market bottom.

Caught short

It is in the nature of short covering that large short positions tend to produce spectacular reversals because they can only be cancelled by going long and buying the metal.

How long will this one last? A few minutes or months? Hard to say except that gold price bottoms in August are a classic pattern followed by better months in the autumn as the Indian religious festival season kicks into top gear.

What if gold suddenly became everybody’s favorite hedge against deflation this fall? In a deflationary period you want to choose a rare asset whose price is still going up or falling by less than everything else.

Martin Armstrong predicted this would happen for gold way back in 2009 (click here) and if his six-year old prognosis is still correct then $5,000-plus gold will be with us next year.

Gold price bottom

He also called the bottom for the gold price correctly this summer, albeit we still have some readers who disagree with our interpretation of his work.

Could the goldbugs now emerge from a lousy summer into a much brighter autumn? Maybe this time gold and silver will shine when the US stock market finally takes a plunge.

Dr. Armstrong has long pointed to the end of September or beginning of October as a crucial moment for global financial markets. That need not necessarily be a bad thing for gold if it becomes the hedge of choice against another crash.

| Digg This Article
 -- Published: Monday, 10 August 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.