I was in receipt of the following erudite communication about Commercial gold short positions yesterday from a friend in Toronto..."Re: HOLY SHISA BATMAN: THE COMMERCIALS COVERED OVER 70 000 Gold Short Contracts!!!!!!!!!!!!!!!!!!!!!!!! - Can you say WOW!!!!!!!!!!"...and while I myself would perhaps have expressed this in a somewhat more restrained manner, the point is certainly worth taking, esp...Read More
By: David Chapman"If the market does not rally, as it should during bullish seasonal periods, it is a sign that other forces are stronger and that when the seasonal period ends those forces will really have their say." Edson Gould, stock market analyst, Findings & Forecasts, 1902-1987 "Early in March (1960), Dr. Arthur F. Burns called on me.... Burns' conclusion was that unless some decisive ac...Read More
The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans of economic tightening. With that event fulfilled, I'm now predicting a 2019 recession as the major economic news for this year (...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price didn't do much during the first two hours of trading once it began at 6:00 p.m. EDT on Thursday evening in New York. But then the price pressure began -- and that sell-off lasted until a few minutes after 12 o'clock noon in Shanghai on their Friday. Except for a rather violent down/up move at 8:30 a.m. in New York wh...Read More
By: Jp CortezSix Other States Now Weighing Their Own Bills to End Taxes on Gold & SilverBefore the ink could even dry on West Virginia Governor Jim Justice's signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states.All told, 39 states have now reduced or eliminated sales...Read More
By: Richard (Rick) Mills, Ahead of the herd Mining is all around us, though invisible to urban dwellers, so it's easy to forget that we live in a world of finite resources. Unlike forestry or agriculture, whose crops are renewable, once ore comes out of the ground and is processed into metals, it's gone for good. Some industrial metals are recycled after mining, like copper, but this only exten...Read More
- Unwise Investment- Zombie Companies- Gummed-Up Economy- Uncreative Destruction- The Drive for Scale- Helicopter Governments- Cleveland, Chicago, Dallas, and SICRecession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data available on April 4, says recession isn't likely this year but unfortunately looks very pr...Read More
By: Patrick J. BuchananIn the new Democratic Party, where women and people of color are to lead, and the white men are to stand back, the presidential field has begun to sort itself out somewhat problematically.According to a Real Clear Politics average of five polls between mid-March and April 1, four white men Joe Biden, Bernie Sanders, "Beto" O'Rourke and Pete Buttigieg have corralled 62...Read More
April 5th, 2019(S14-E690)Featured GuestsEd Moya &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).Ed Moya, Chief Market Strategist at Oanda makes his show debut with comments on equities, PMs, Bitcoin and crude oil. Our guest notes the price of gold would be much higher if the trad...Read More
I was in receipt of the following erudite communication about Commercial gold short positions yesterday from a friend in Toronto..."Re: HOLY SHISA BATMAN: THE COMMERCIALS COVERED OVER 70 000 Gold Short Contracts!!!!!!!!!!!!!!!!!!!!!!!! - Can you say WOW!!!!!!!!!!"...and while I myself would perhaps have expressed this in a somewhat more restrained manner, the point is certainly worth taking, esp...Read More
By: David Chapman"If the market does not rally, as it should during bullish seasonal periods, it is a sign that other forces are stronger and that when the seasonal period ends those forces will really have their say." Edson Gould, stock market analyst, Findings & Forecasts, 1902-1987 "Early in March (1960), Dr. Arthur F. Burns called on me.... Burns' conclusion was that unless some decisive ac...Read More
The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans of economic tightening. With that event fulfilled, I'm now predicting a 2019 recession as the major economic news for this year (...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price didn't do much during the first two hours of trading once it began at 6:00 p.m. EDT on Thursday evening in New York. But then the price pressure began -- and that sell-off lasted until a few minutes after 12 o'clock noon in Shanghai on their Friday. Except for a rather violent down/up move at 8:30 a.m. in New York wh...Read More
By: Jp CortezSix Other States Now Weighing Their Own Bills to End Taxes on Gold & SilverBefore the ink could even dry on West Virginia Governor Jim Justice's signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states.All told, 39 states have now reduced or eliminated sales...Read More
By: Richard (Rick) Mills, Ahead of the herd Mining is all around us, though invisible to urban dwellers, so it's easy to forget that we live in a world of finite resources. Unlike forestry or agriculture, whose crops are renewable, once ore comes out of the ground and is processed into metals, it's gone for good. Some industrial metals are recycled after mining, like copper, but this only exten...Read More
- Unwise Investment- Zombie Companies- Gummed-Up Economy- Uncreative Destruction- The Drive for Scale- Helicopter Governments- Cleveland, Chicago, Dallas, and SICRecession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data available on April 4, says recession isn't likely this year but unfortunately looks very pr...Read More
By: Patrick J. BuchananIn the new Democratic Party, where women and people of color are to lead, and the white men are to stand back, the presidential field has begun to sort itself out somewhat problematically.According to a Real Clear Politics average of five polls between mid-March and April 1, four white men Joe Biden, Bernie Sanders, "Beto" O'Rourke and Pete Buttigieg have corralled 62...Read More
Bob Moriarty ArchivesApr 8, 2019I need to read all the pieces I can about resource companies to keep an accurate feel on who is succeeding and who is failing. I’m a speed-reader and that helps but I go through 150 emails a day and read many dozen articles that interest me. What amazes me when reading what others write about various companies and metals is how infrequently I hear discussions...Read More
"We are on the precipice of the greatest retirement crisis in the history of the world. And that makes perfect sense because, first of all, we have the largest elderly population in the history of the world.Just focusing on the United States: our elderly are woefully unprepared to retire. And in the decades to come we will witness millions of elderly American's, Baby Boomers and others, slipping i...Read More
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smi...Read More