Crude Oil Bottoms and Blues

crudeoilGary Christenson:  Crude oil prices have dropped from about $106 in June of 2014 to briefly under $30 in January of 2016 – down about 74% peak to trough. This appears to be an on-going disaster for oil companies, the banks who loaned money to frackers, oil exporting countries, global stock markets and others.
NYSE:USO January 29, 2016 4:28pm

Gold vs Debt: The Big Picture

gold AAAGary Christenson: Gold prices peaked in January 1996 and then fell for 3.5 years into a multi-decade low. It was the age of stocks, debt, leverage, and good times; nobody needed or wanted gold.
NYSE:GLD September 23, 2015 10:53am

More Evidence That Gold Has Bottomed [SPDR Gold Trust (ETF), Market Vectors Junior Gold Miners ETF]

natural gas-bottomGary Christenson:  Prominent analysts have announced often and persistently that gold will drop to $1,000, $850, and even below $500. Mainstream media, “gold-bashers,” and banks encourage the “gold is going lower” meme.
NYSE:GDX June 1, 2015 2:49pm

Gold and Silver Stocks Will Rise Again [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

gold and silverGary Christenson: The XAU is an index of gold and silver stocks. It has been hammered hard since the gold and silver peaks in 2011.
NYSE:GLD March 25, 2015 12:43pm

Gold Price Model Says Gold Is Still Undervalued [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

gold reservesGary Christenson: Gold hit a price low of approximately $1,140 in early November 2014. Since then it has rallied dramatically, possibly because of global fears about the financial system, the Swiss National Bank removing its peg to the Euro,
NYSE:GLD January 20, 2015 3:18pm

Silver: Anomaly In Open Interest [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

silver demandGary Christenson: Each week the CFTC publishes data from futures and options contracts for many commodities. Open interest shows the number of open contracts – one long for each short – in a particular commodity, say silver.
NYSE:AGQ December 3, 2014 1:04pm

Gold, Silver, Crude and S&P Ending Wedge Patterns [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

gold and silverGary Christenson: Gold and silver prices have been trading in declining wedge patterns since 2011.  Crude has traded in a flat to down wedge pattern for five years, and the S&P has been moving inexorably higher since early 2009 in a contracting wedge.
NYSE:GLD November 18, 2014 11:18am

Silver and Powerful Forces [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

silver barsGary Christenson: Example 1: When a golfer hits a shot to the green he often yells “sit” as he orders the ball to slow or stop near the flag. Even professionals indulge in this bit of satisfying self-delusion. However, the ball responds to powerful forces,
NYSE:GDX November 6, 2014 1:58pm

What’s Next For Silver? [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

whats-nextGary Christenson: Disclosure: I expected the triple bottom in gold and silver to hold. It did not! Silver crashed lower(from $19.28 on August 28 to $17.26 on October 29 to under $16 on October 31) and then gold plunged below $1179 to about $1160.
NYSE:GLD November 4, 2014 3:55pm

Gold Or Crushing Paper Debt [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

gold timeGary Christenson:  A Yahoo headline: Pentagon Readying For Long War in Iraq, Syria. More war means more debt and higher inflation. Increasing national debt is as certain as death and taxes. Increasing consumer prices follow.
NYSE:GDX October 21, 2014 12:17pm

Gold vs S&P 500: Insights From The 25-Year Chart [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

record gold holdingsGary Christenson: The US national debt in 1989 was about $2.8 Trillion. Twenty Five years later, in 2014, that debt had increased by a factor of about 6.3 to $17.8 Trillion.
NYSE:GLD October 7, 2014 12:23pm

The Silver Sentiment Cycle [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

silver demandGary Christenson: The following chart shows:
NYSE:AGQ September 15, 2014 1:20pm

Is A Looming War Coincident With A Depressed Gold Price And Stock Market Peak?

gold timeGary Christenson: Is a looming war coincident with a depressed gold price and a stock market peak an example of — staring into the great abyss?
NYSE:DIA August 27, 2014 11:35am

Has The Gold In Fort Knox Disappeared? [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

fort knoxGary Christenson: In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons
NYSE:GLD August 19, 2014 12:56pm

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