Charts show us the golden brick road to high prices.GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how? The GLD very wide channel shows us the way.- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.- Aggressive: Tag the 5 year rally starting in 1976 t...Read More
In May, the National Oceanic and Atmospheric Administration predicted a near-normal 2019 hurricane season, which runs from June 1 to November 30.But, the season got off to an early start with the short-lived sub-tropical storm Andrea on May 20. On May 31, a financial website mentioned this early start as part of a larger warning to commodity traders (Marketwatch):Storms in the Atlantic Ocean weren...Read More
And here we go again. Gold slipped below $1,400 perounce. This is where it fell after stronger-than-expected June EmploymentReport. How does that key piece of economic data play into the market’s ratecuts expectations? And how does it all impact gold? June Payrolls Surpass ExpectationsThe U.S. created 224,000 jobs in June, followinga disappointing increase of 72,000 in May (after a downward...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss what real wealth is and if financial assets should be considered real wealth. Our contention is that gold is real wealth. Gold is its own final settlement and no one else's liability. What this means is simply that gold stands for itself, it does not depend upon the faith and good credit of any other person or thing...it is universa...Read More
- Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold lower just a few minutes after trading began at 6:00 p.m. EDT on Sunday evening in New York. It began to recover about fifteen minutes later -- and managed to crawl higher...back above the $1,400 spot mark. The high tick was set a few minutes after the London open -- and it didn't do much from there until 'd...Read More
- Craig HemkeLast week we wrote about how The Bullion Banks manage price through COMEX contract issuance. This week, let's take that one step further to see if recent history provides any context for where we are at present in this current bull market for gold.If you missed last week's post, I strongly encourage you to read it now, as understanding the processes by which The Banks manage price...Read More
Legendary investor Jim Sinclair and his business partner Bill Holter say Gold is going much higher. It's a mathematical certainty. Sinclair says, "You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I think much more. . . . In the second reset, that will take gold to a price where it...Read More
Stewart Thomson, Graceland Updates 1. While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout. 2. Please click here now. Double-click to enlarge this important monthly gold chart. The bottom line:3. Breakouts are fun. Pullbacks are not!4. My advice to investors:...Read More
The second half of the year is setting up favorably for the precious metals sector, which was led in the first half by gold and gold mining stocks.Of course, the Wall Street-beholden financial media is largely ignoring metals and mining - preferring instead to give celebratory coverage to every move toward new highs in the Dow and S&P 500."The Dow Jones Industrial Average rallied 7.2% this month...Read More
By: Ira EpsteinGold right at 18-DMA support, battleground. Completed leg to the downside, battle underway. Gold not overbought anymore:Read More
By Avi GilburtThere is an old adage that bulls get fat, bears get fat, but pigs get slaughtered. I guess that is another way of saying to not overstay your welcome on one side of the market and to know when to take profits.This is how I felt about bonds last week.But, before I explain, let me take a moment to recap our history and perspective on bonds. For those that followed our work over the y...Read More
What do you call an investment that has no risk, requires little - if any - money to start, is available equally to the rich and poor, is proven to improve your career prospects... can generate hundreds of thousands of dollars in savings over a lifetime? I call it good health.Although you might view spending on your health as a necessary expense, I'd argue it's an investment that will pay back d...Read More
Jul 11, 2019 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is u...Read More
Deutsche Bank had a big restructure over the weekend, leaving many concerned that a potential failure could be the spark to crash the markets. Given their massive derivative position, a Deutsche Bank failure could also potentially be the break point in the precious metals manipulation. Which means we were fortunate to have Dave Kranzler of Investment Research Dynamics (http://investmentresearchdyn...Read More
Poland is the latest country to withdraw its gold from the UK. Peter Schiff, CEO of Euro Pacific Capital joins Rick Sanchez to discuss the risks that countries take by storing their gold abroad. He argues that the US is a particularly dangerous place to keep gold given the expected collapse of the US dollar as the world's reserve currency and the US has a history of confiscating gold in times of e...Read More
"All a bank is relegated to is a dumb node that holds fiat currency in electronic form at a central bank." Continue...Read More
It's no secret that US oil/gas output has been skyrocketing. In fact, some are predicting that within a few short years, production will hit 17mm barrels per day. Just 10 short years ago, the experts were forecasting declining American production and increased dependence upon imports. What a difference a decade makes. Of course there are challenges. Environmental wackos, tight pipeline capacity, t...Read More
Kitco's Peter Hug joined us for a review of the recent action in the precious metals and the beginning of gold's new bull market. He believes that a lot will have to do with the Fed's approach to cutting rates. Peter believes that the Fed will take a more cautious approach and cut 25 basis points at the next meeting. If they go higher, it could be a real boost. Once gold breaks the next resistance...Read More
Jerome Powell chummed the seawater this morning. And the voracious sharks rose to the bait… In written testimony to Congress, Mr. Powell informed us that:Crosscurrents have reemerged. Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened. Since [the Fed meeting in June], based on incoming data and other developments, it appears that unce...Read More
"Maintaining a healthy weight is not only good for the mother, but also for the children, too."Continue...Read More