"Unlike last year, the Fed is on hold, interest rates are lower and oil prices are weaker, all combining forContinue...Read More
With the precious metals markets range-bound and driven by forces beyond his control, sector expert Michael Ballanger turns his contrarian eye to the past. With gold enjoying its best week of the year, with the Daily Sentiment Index charging northward, with the Relative Strength Index (RSI) pressing 72 for the GLD, with the RSI for GDX pushing 75, and finally, with the newsletter community all fal...Read More
Technical analyst Clive Maund charts gold and explains why he believes this is a good time to build positions.With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several f...Read More
Who wouldn’t know the Spaghetti Western The Good, the Bad and the Ugly? In today’s analysis, we have important pieces of economic data starring in the first two roles. Retail sales and industrial production rebounded in May, while the Empire State Index plummeted in June. How will these reports affect tomorrow’s FOMC decision and the gold market? The GoodFriday brought us some go...Read More
What stands out from the long-term chart is that Silver tends to be pretty much dead for most of the time, only really coming alive towards the later stages of precious metals bull market manias when everyone begins piling in just before the bubble pops! Which is a warning not to get carried away with fantasy targets for Silver but try and keep things real by focusing on what silver has done in th...Read More
The Amount of Dollars in ExistenceSilver is currently trading around $14.84 anounce. This is around 30% of its 1980 all-time high of $50. However, this is anincomplete representation of what silver is really trading at, relative to USdollars. When you look at the silver price, relative toUS currency (the amount of actual US dollars) in existence, then it is at itslowest value it has ever been (see...Read More
Whata remarkable day Friday has been! Going into the U.S. session open, we haveseen gold challenging its early-June highs. The barrage of geopolitical newshas been deafening and gold had literally nowhere to go but up. But something“unexpected” yet totally predictable happened to those who have jumped on thegold bandwagon. Friday’s U.S. session has sent gold lower. On huge volume...Read More
- Dave Kranzler"Shanghai Gold will change the current gold market with its 'consumed in the East but priced in the West' arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed." - Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014The price of gold has jumped 5.8% in a little over 3 weeks. This is a big move in a short peri...Read More
By Avi GilburtWhile some of you may be too young to know who Stan Laurel and Oliver Hardy are, they were a comedy team from the late 1920s until the 1940s. They appeared in 107 films, starring in 32 short silent films, 40 short sound films, and 23 full-length feature films. And, probably for many of you, they are unknown.But, one of the most popular lines from this comedy team was when Oliver Ha...Read More
By: Ira EpsteinGold consolidating gains?Read More
Click Chart to enlargeI am resuming bitcoin coverage and will treat it as nothing special, since that's the best way to be objective when reading its charts. The one shown provided two good opportunities to get long 'mechanically' at 7481, so we'll assume that its target at 10,026 will prove just as useful as a minimum upside objective. We'll talk about buying a pullback to the red line (p=833...Read More
There can be big one way moves in gold and silver anytime. Short term traders and investors are on the sidelines. Gold short sellers are waiting for an opportunity. It remains to be seen if they fail this week. Cautious optimism in gold for now. Physical buyers of gold will be on the sidelines. In the next three weeks, there are various risk. (a) 18th June and 19th June is the FOMC. (b) 28th Jun...Read More
It's no secret that our country’s Social Security program is running out of money. The Social Security system is paying out in benefits more than it's collecting in tax revenue and as a result they're dipping into the Social Security trust fund to make up the difference. If Congress takes no action to fix the problem, starting in 2034 retirees are going to see a 23% cut in social security pa...Read More
Jun 19, 2019 Guest(s): Kristina Hooper Chief Global Market Strategist, Invesco The Federal Reserve is no longer patient on interest rates and ready to do what it can to support the U.S. economy - that will support gold prices through the long term, said Kristina Hooper, chief global market strategist at Invesco, on the sidelines of the Inside ETFs Canada conference in Montreal. With the U.S. cen...Read More
Jun 19, 2019 Guest(s): Mike Philbrick Mike Philbrick, Portfolio Manager, ReSolve Asset Management When markets are in turmoil, there are only a few trustworthy assets to turn to for protection, this according to Mike Philbrick, portfolio manager of ReSolve Asset Management. "[Gold] is a very different asset class that responds differently to economic regimes that manifest very often, but when th...Read More
"They are going to keep lowering interest rates. It's monetary methadone. All these people are addicts. Morons and imbeciles call them 'investors.' They're addicts and gamblers. They can't stop, and all they want is that drug- monetary methadone. They are just going to keep filling it in until they OD."Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is...Read More
Overt smackdowns of gold as it persistently and repeatedly tests a 6-year resistance & support limit are becoming more obvious, more desperate, and eventually will be proven futile, according to veteran gold market watchdog Bill Murphy of the Gold Antitrust Action Committee (GATA.org.) Murphy returns to Reluctant Peppers to contend that we are witnessing the early stages of gold's breakout from a...Read More
The robot is designed to spy on citizens near parks and city buildings and relay the footage directly to law enforcementContinue...Read More
Jun 20, 2019 Guest(s): Robert Kiyosaki With rising uncertainty in the world surrounding bubbling stock markets, trade wars, and geopolitical tensions, it makes sense for many investors to be rushing to gold, said best-selling author Robert Kiyosaki.Kiyosaki told Kitco News that he prefers to store his gold outside banks."I don't store [gold and silver] in the banks. I'm completely outside the b...Read More
Jun 20, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Gold's rally isn't over yet by any means, as one analyst sees the upward momentum continuing. Phil Streible, senior market strategist at RJO Futures, told Kitco News that prices for the yellow metal may still see much higher levels from here. "We should continue to see that break through $1,400 and I anticipate that a...Read More