By Clint SiegnerThe Federal Reserve has printed trillions of dollars without generating runaway price inflation through the use of a neat trick.The privately owned bank cartel shovels the bulk of the money to Wall Street banks and not to the public at large. Instead of millions of Americans rushing out to bid up prices on consumer goods, a relative handful of bankers is using the free money to b...Read More
By Avi Gilburt, ElliottWaveTrader.net"You cannot fight the Fed."The general market reliance on the Fed is not only what is driving many investor's decisions of late, but it will likely reach its peak in the coming years. But, one is going to have be very careful before they buy into this fallacy too deeply.I am told over and over again that one cannot fight the Fed. Unfortunately, history does...Read More
Dear Friend of GATA and Gold:In an essay posted today at FX Empire, "Gold Market Manipulation and the Federal Reserve," financial planner Kelsey Williams both admits and dismisses complaints of manipulation of the gold market.Williams doesn't identify the people he purports to be rebutting, but his characterization of them doesn't fit GATA, even though he seems to think it does."Some gold bulls,...Read More
Dave KranzlerI'd like to thank Jay Powell and his marvelous printing press. The equity side of my investment fund, which I manage, is 100% mining stocks - mostly juniors - and as of today it's up 100% QTD. Thank you Jay. Almost every stock we hold is from the ideas I present in my Mining Stock Journal.But I'm here to discuss the "idiot stocks." I've decided to label stocks like SHOP, W, TS...Read More
By: Ira EpsteinGold at a battle area and here are the key levels to watch:Read More
IMF predicts deeper global recession and slower recovery, just as Iexpected. Good news for gold. The June edition of the IMF’s WorldEconomic Outlook Report Update is out! The main message is that theIMF predicts now even a deeper recession than two months ago.As a reminder, in April edition of the WorldEconomic Outlook Report, theIMF projected that the global economy would contract sharply b...Read More
Silver is still near all-time lows in manyways. One of the most significant measures wherein silver is at an all-timelow, is its price relative to the amount of US dollars (US monetary base) inexistence.Below, is a long-term chart of the silverprice relative to the US monetary base: As you can see it is at all-time lows(0.004), but actually even lower, since this chart was done before the massivea...Read More
LONDON, 30 June 2020 - Finance news, views, data and ratings site Trustnet today publishes an exclusive article from BullionVault's director of research Adrian Ash, pointing to a possible surge in demand for - and the price of - silver."While gold has been grabbing the 'safe haven' headlines so far in 2020," writes Adrian, "the world's other once monetary metal has also seen record investment infl...Read More
Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More
Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More
Bob Moriarty ArchivesJun 29, 2020I expect to get very boring over the next few months. While I have been warning for years of a massive financial collapse coming to the world few people actually get it. We are in a depression. There is $250 trillion worth of debt in the world that will never be paid. It is going to grow far worse than it is today. What the Fed and Central Banks around the world ha...Read More
By: Jan Nieuwenhuijs, Voima GoldFor thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets and central banks continue to print money, which supports these bubbles. This is an unsustainable situation; and when the bubbles burst the gold price will rise.Gold is the ultimate store of value, as it's the only globally accep...Read More
Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More
V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic reality, it flouts common sense in ways that only extraordinary popular delusions can. There is the implicit notion, for one, that just a handful of supposedl...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More