By Darryl Robert Schoon In January 2009, when bitcoin was released, its value was "basically nothing" ~wikipedia. Eight years later in January 2017, bitcoin was at $986 and in December reached $19,783, an astounding one-year rise of 1,900 %, outperforming the 1,500 % historic increase in the Dow from 1982 - 2000. In 2018, bitcoin lost 66 % of its value. Bitcoin's spectacular rise and fall w...Read More
By Avi GilburtThey say that when the former bears turn bullish, that is often the sign of a top.Source: Caters/Legion MediaFor the last three years and during the 64% rally in the S&P 500 from 1800 to 2940, many analysts were quite bearish, expecting the market to top out each and every week. They continued to point towards the "risks" in the market, all the while helping develop that wall of wo...Read More
Wait, what?! Isn't the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn't take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective upswing that didn't even take gold stocks back above their December 2016 lows. And we warned that this is the likely outcome as the mor...Read More
Dear Friend of GATA and Gold:Silver market analyst Ted Butler today marvels at the frantic movement of huge amounts of silver among the vaults of the New York Commodity Exchange, and wonders why it is happening and why it gets no notice from other market analysts.Butler speculates that the cause is physical demand by JPMorganChase, which seems to have become the master of the silver and gold mar...Read More
Easy come, easy go. AMZN stunned traders with a 135-point gain Thursday from the bombed-out depths of Wednesday's selloff. Then, after the close, the stock reversed steeply, shedding 180 points and sucking tens of billions of dollars from stock markets in the U.S. and around the world in mere minutes. A disappointing forecast for the holiday season triggered the avalanche, which has abated somew...Read More
Golden Nuggets: Key Gold and Precious Metals News, Commentary and Charts This WeekHere is our Friday digest of the important news, commentary, charts and videos we were informed of this week.The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have s...Read More
Full Article: Has China Finally Lifted its Thumb off of Gold?By: Thomas LuongoThere's a lot of talk about the Yuan price of gold falling out of a price suppression channel. Both Zerohedge and Nomura have weighed in on this.The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown. But it's also indicative of something that has long been suspected during...Read More
The global selloff has erased $5 trillion from stock and bond markets in October alone! October is a historically bad month for stocks. Many of the most dramatic crashes have begun during this month. The global market crash of 2018 seems to be in line with this trend and the crash is indeed global.This same trend has occurred prior to other major historical market crashes, whereby other countries...Read More
Andrew Zatlin at Moneyball Economics says two of the three engines of global economic growth are stalling with China, in particular, showing signs of panic borrowing.China FalteringWhile China has been the greatest contributor to global economic growth in recent decades, Zatlin says it is essentially a house of cards built on a massive amount of debt."China's rising debt levels across all areas of...Read More
When I discuss the idea of OPM (Other People's Money), I think most people are confused by the term. Put simply, it's understanding good debt, and how to make it work for you. I use it in the context of real estate. Some people are on board with it-excited even-about the possibilities. But then they become intimidated by the idea of how exactly to find and use OPM.This is completely normal. I've f...Read More
Yesterday, I laid out how we are heading into winter with the perfect setup for a natural gas price spike.And by “spike,” I mean at least a double, but more likely a triple and perhaps more.For this to happen, all we need is a colder than average winter. That’s because storage levels are already low and history tells us that a cold winter would use up nearly ALL of the natural ga...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Click Here to Listen to the Interview - *the interview begins at 6:00Greg breaks down the recent volatility in the equities markets, tells us why he thinks the Fed will soon be back-peddling on further interest rate hikes and tells us what that means for the dollar and gold.Click Here to Listen to the Interview - *the interview begins at 6:00Gregory Weldon is CEO of Weldon Financial and Editor of...Read More
Rick Rule, Chairman of Sprott US Holdings, discusses the outlook for Resource Investing in Africa. He notes the continent hosts extraordinary geological formations, which contain dozens (and many undiscovered) very large, world class resource deposits. He further discusses his preferred method of investing in the continent.TOPICS IN THIS INTERVIEW:00:29 Africa: One of The Last Great Frontiers For...Read More
Vladimir Putin tried to reform Russia's pensions system which is crumbling as is the case in the West. This giant Ponzi Scheme is collapsing and it has been theContinue...Read More
Oct 29, 2018 Guest(s): Brent Cook Exploration Insights There are people overtly scamming investors in the mining sector, and investors need to be educated in order to protect themselves, said Brent Cook of Exploration Insights. "What you want to watch for is, whoever is telling the story, what's their entry point, how do they make money, be it a broker, newsletter writer, or the company presiden...Read More
Up airy mountain, down rushy glen the market has trekked this year…Up in January, down February through March, up April through August, down again in October.But after all its ups and all its downs... the market has gone backward.Even with yesterday's 401-point rebound, the Dow Jones is still negative for the year. So too is the S&P.It is as if the stock market struck out on a thousand-m...Read More
The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold?First, we know that a real bull market is not going to begin until the...Read More
The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold?First, we know that a real bull market is not going to begin until the...Read More