[A friend who made his fortune in the laundry business has enjoyed enviable returns on his nest egg by staying fully invested in stocks. The following is a personal letter from his financial advisor telling him why, even after the stock market's spectacular rally since late March, he should stay in equities. The advisor's list of pros and cons nicely sums up the thinking of many of advisors with...Read More
Data ProblemsPermanent LossesJob OpeningsSticky ProblemsWargaming with Uncle DougYou Need to Have a Plan B, C, D, and...A World I Don't RecognizeWork has always been a fact of life. Paycheck-producing jobs are actually a recent development. Until the Industrial Revolution, most people lived on subsistence agriculture, sustaining themselves with whatever they could produce or working as slaves/se...Read More
LONDON, 13 July 2020 - Comment and data from BullionVault features today in a report on the rising price of silver from major US investment news-site MarketWatch."The number of private individuals seeing stability and diversification with precious metals has never been greater," the report quotes Adrian Ash, director of research, adding that client holdings of the grey precious metal have now grow...Read More
Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
LONDON, 12 July 2020 - Comment and data from BullionVault feature heavily today in a report on the rising price of gold in The Observer, the world's longest-running Sunday newspaper.Now part of the Guardian Media Group, "Basically gold does well when other stuff does badly in the historical sweep of things," says The Observer, quoting Adrian Ash, director of research."BullionVault has reported a r...Read More
LONDON, 12 July 2020 - The Sunday Times today reports a surge in demand for gold at BullionVault, making its clients' holdings larger than most central banks gold in reserve.The UK's best-selling 'quality' Sunday paper, "Net inflows between March and June of 4.5 tonnes, worth ?195 million, beat the previous four-month record in the autumn of 2011," says The Times."[BullionVault] is now holding a...Read More
Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More
Bob Moriarty of 321gold discusses a company that is reopening an Idaho gold mine that closed during World War 2. Trace of Mary K Mine workings draped over Google Earth terrain imageIn 1942 with the US involved in a massive war with Japan and Germany the government made the decision to close all non-essential gold mines under the auspices of the War Production Board. It was called the Limitation O...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort337,03069,67254,030118,424421,016509,484544,718Change from Prior Reporting Period 8,0887,4001621,7272,8569,97710,418Traders22766895559318181 Small Speculators LongShortOpen Interest 63,29228,058572,776 1,17173011,148 non reportable positionsChange from the previous reporting peri...Read More
By: Gary SavageI have never found a consistent way to find tops in this market over the past 30 years, when you have central bank QE interfering. Over time, shorting generally cost me more money than I made. Markets go down differently than they go up, tops form differently and it is difficult to consistently time the tops:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the best close since 2011. The pattern remains in a neutral trend in the short-term market. The market is well over the 18-dma, $1778.80 level, but we have a problem:Read More