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 Closing Report: Gold and Silver Pare Yesterday’s Gains; Dow Drops 700+
By: Chris Mullen, Gold Seeker Report

SSR Mining begins drilling at Eagle Plains (TSX-V: EPL) Fisher Gold Property
By: Nicholas LePan,

Worried About Rising Rates? I Believe this Strategy Could Be the Answer
By: Frank Holmes

Is It The Trade War Threats Or Extreme Overvaluation?
By: Dave Kranzler

GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek

When Is Three Better for Gold Than Four?
By: Arkadiusz Sieron

Mining Gold and Silver From Bombs
By: Rory Hall

Golden Arrow Starts Drilling at Antofalla Silver-Gold-Base Metal Project, Argentina
By: Golden Arrow Resources Corporation

Gold +1.8%, Silver +2.5% As Fed Increases Rates And Trade War Looms
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Gain Roughly 2% After Fed
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

Stocks and Gold; Macro Pivot Window Upon Us

 -- Published: Friday, 15 September 2017 | Print  | Disqus 

By Gary Tanashian

On August 11 the potential and reasoning for anticipated pivots in the US stock market and the gold sector were noted in this article: Potential Pivots Upcoming for Stocks and Gold

As for the stock market, several reasons were put forward in support of a 2nd half of September through Q4 danger period, for a correction (no need yet to talk bear market because that would be pure promotion of an agenda). Please note that standard technical analysis was not among those reasons. The stock market was then and is now, in an uptrend across all important time frames.

The reasons for the correction view noted in the article ranged from the S&P 500’s 30 month cycle, to the Fed’s Funds cycle and its proximity to the 2yr yield (this has not yet made a bear signal) to the US dollar’s potential to rally (still waiting on that one) to a rough seasonal patch that begins in mid-September. Well, today is September 15, da boyz is back from da Hamptins and the rest is up to the market’s nature to take its course.

Several other minor indicators ranging from wobbling market breadth to once again intact investor complacency to the fact that the major US indexes have all acquired and exceeded our big picture targets (SPX 2410, Dow 21,000, NDX 5800, SOX 930 and RUT 1375, each of which we’d had open for well over a year and in some cases several years) that are also consistent with the next couple of months being seen as a period of vulnerability. But again I stress to you that I, often thought of as a ‘chart guy’, also note that the stock market is completely intact to its bull trends across all time frames.

In the first article linked above we also noted that flying words and flying missiles were not a reason for bearishness on stocks and as for gold, they are most definitely not a reason to be bullish. So today it is reassuring to see the gold sector, having stopped right at our short-term upside targets of HUI 220 and gold in the high 1300s (both per parameters laid out for subscribers ahead of time in this NFTRH premium update, now open to the public).

The gold sector is now ignoring the geopolitical noise as it works a thus far routine – and expected – correction to clean out momentum players and those who let emotions get the better of them as they piled into gold due to the perception that we’d all be squatting in little Unibomber shacks trading gold and silver for eggs and survival goods before too long.

Below is the monthly chart of gold from the subscriber update linked above. Anything look abnormal to you? I didn’t think so. If you hear anyone using the phrase “gold smack down” when talking about the current pullback, run, don’t walk from that person’s biased view.

You see, in some corners of the gold “community” there is always a reason that gold went down, but it is never just because it was supposed to go down. Folks, amid the hype of North Korea’s nuke lobs and the gold price’s proximity to a support line that is also a dividing line between a bear and bull market, it always was going to find resistance and pull back here. No ifs, ands or buts.


Understand that there are so many moving parts to this big picture market pivot potential, but in general the stock market must follow the correction script for the counter-cyclical gold sector to assume a real bull cycle. There is not going to be one without the other. The work of tuning out the bromides, media fluff and just plain lazy analysis is ongoing. In NFTRH I handle that for you and keep our plans fresh and on track… and we have been coming up with some great trades to boot.

The market does not need to feel miserable. You take what it gives you and then when the odds shift greatly in favor of a given view, you drop the hammer and really make the gains. By my calendar, today, September 15 is about as “mid-September” as you can get, as we begin the potential pivot period to what comes next. Meanwhile, balance and a quality Bullshit Detector at the ready! and


| Digg This Article
 -- Published: Friday, 15 September 2017 | 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.