The Case for Gold
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PLEASE NOTE THAT THIS INFORMATION EXPRESSES THE VIEWS AND OPINIONS OF SEABRIDGE GOLD MANAGEMENT AND IS NOT INTENDED AS INVESTMENT ADVICE. SEABRIDGE GOLD IS NOT LICENSED AS AN INVESTMENT ADVISOR.
Gold Market Update: The West Is Losing Control of the Gold Price
Gold Market Update: The West Is Losing Control of the Gold Price
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For Gold, It's Goldilocks Inflation
Inflation is good for gold? It depends. If inflation provokes a hawkish Fed to raise rates faster than inflation, not so much. But if the Fed is worried about the stock and bond markets and therefore won't raise rates fast enough to keep pace with inflation, that's good for gold. And that's where we seem to be now.
Bubble Watching
As we have noted here before, we believe that financial markets have generated the biggest bubble in history. There are many supporting facts for this view, from extreme measures of market sentiment to prolonged record low volatility, unprecedented low interest rates, record levels of leverage and historic over-valuation.
Gold on the Move
Since bottoming on December 11, 2017 at $1242, gold has tacked on nearly $100 to its price. What's going on?
Getting Bullish on Gold
Gold is up nine of the last 12 Januaries with an average gain of over 4% and the trend has continued in 2018 with gold reaching an intraday high of $1327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to disappoint investors or the resumption of the gold bull market?
The Big Picture for Gold
This is a very frustrating period for gold investors. Global financial and geopolitical risks appear to be very high but gold has not responded. Gold and gold stocks are range-trading and have been since early March of this year. Gold is in a roughly $150 range (about 15%) while the HUI, a gold stock index, is in a 60 point range (about 30%).
Facts vs. Fantasy: Can Trump Meet the Market's Expectations?
Sorry to bring some real economic facts into the Trump economic boom fantasy but it is very unlikely that the market gets what it imagines. Here’s why.
More on Interest Rates and Gold
The price of gold dropped about $15 within a minute of the release of the October nonfarm payroll report data last Friday, based on speculation that the Fed would begin to raise rates next month. That's life in a centrally planned economy, where the most important price of all-the price of money-is fixed by the central bank.
Popping the Bubble
Our thesis is that the stock and bond markets are in a massive bubble, that the bubble will pop and gold and gold stocks will soar as they have in the aftermath of previous bubbles.
Follow the Money
Why the stock market's been up and why it likely won't last
Gold Bull Market? Maybe Not Quite Yet
Many commentators now say that gold has entered a new bull market. Has it? It's easy to argue both sides of this question. Gold has performed well recently and it is trading nicely above its 50 and 200 day moving averages, volume has been good and the speculators are getting long. All things you would like to see in a new bull market.