Washington, DC (April 25th, 2018) - A Member of Congress posed some pointed questions to the Federal Reserve and the U.S. Treasury this week about their activities involving America's gold reserves, including, apparently, efforts to "drive gold out of the world financial system in favor of the Federal Reserve Note or Special Drawing Rights issued by the International Monetary Fund."In a letter d...Read More
Through my cycle work in the market, there is a current focus on the month of May to end up as our next decent swing low for the Gold market, with several mid-term cycles pinpointing this timeframe for a potential market bottom.One of the more widely-followed cycles in the Gold market is the 20-week (approximately 100 trading days) cycle, which last bottomed back on December 12, 2017, doing so at...Read More
The comments below are an edited and abridged synopsis of an article by Charles Hugh SmithPublic pension obligations are rising so fast that even repeated tax increases can't keep up, setting up a war between entitled baby boomers and younger taxpayers (Tax Donkeys), who pay most federal and local taxes.If the stock and bond markets suffer even modest declines, the pension war will move to open po...Read More
Adopt the pace of nature; her secret is patience.Ralph Waldo Emerson For a long time, we have been stating sharp pull-backs should be viewed through a bullish lens. In this article published in Nov 2017, we stated the following; View strong corrections through a bullish lens. This game plan will remain valid until the masses turn bullish or the trend turns negative. The stronger the deviati...Read More
Our recent silver analysis could not have been more accurate. Please take a minute to read it before you continue reading the rest of this post if you have not already done so. The Silver price breakout, to near $17.20, last week was incredible. It established a new Fibonacci price trend, established a downward channel price breakout, coincided with a Pennant/Flag price formation break...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York,...Read More
The comments below are an edited and abridged synopsis of an article by Tyler DurdenA year ago, the IMF warned about the soaring level of private sector debt. More than 20% of US corporations were at risk of defaults once interest rates rose, and the combined assets of firms threatened by default (those who earnings do not cover their interest expense) could reach $4 trillion.The IMF has again sou...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York,...Read More
Full Article: Gold Stocks Have Been Quietly BottomingBy: David ErfleBased on the trading levels and decreasing volume in the GDX over the past 18 months, the precious metal miner sector has been drifting listlessly sideways and totally devoid of excitement. Gold stock volatility levels are dropping down to unsustainably low values and periods of low volatility lead to sharp moves. The major miner...Read More
What is Bitcoin? Is it just a payment system, money or investment asset? Nobody knows for sure - it generates enormous definition and classification problems. But it's understandable, as Bitcoin in a new player in town. However, people also cannot agree on what gold really is. Let's solve this problem once and for all. It will enable us later to adopt the right gold investing philosophy. Have y...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD. While I have gone on re...Read More
By Ira EpsteinMetals see no relief due to rising Dollar. http://iraepstein.com/ Read More
The comments below are an edited and abridged synopsis of an article by Brian ChappattaThe global bond market's primary benchmark, the 10-year US Treasury yield, is knocking on the door of 3%, a level it hasn't topped in more than four years. That's more than just a nice round number; higher yields make the burden of everything from mortgages to student loans and car payments even heavier. Some ma...Read More
Silver, silver, and silver - that's all there seems to matter to the more short-term oriented investors. But, there's so much more that's going on than just the rally in the white metal that just got invalidated! The dynamics in the precious metals market extend well beyond the above and the signal that's coming from silver - as important as it is for the short run - is just one of many puzzles...Read More
"You don't have to agree with trump but the mob can't make me not love him. We are both dragon energy. He is my brother. I love everyone. I don't agree with everything"Continue...Read More
By Craig HemkeJust last week, it appeared that a general rally in commodities was underway. Gold, silver, the base metals and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why? Blame the HFTs that trade the digital derivative contracts. They've "seen" the sudden, sharp rally in the US dollar, and they've been quick to dump their metals exposure as...Read More
A cursory look at Chinese history can convince you thatChina should not be underestimated when it sets its sights on a particulargoal.Even before Mao Zedong took over the reins in 1949, andthe first Five Year Plan began in 1953, centuries of history demonstrated thatlong-term planning, while not always meeting expectations, is a core behavioraltrait of the Chinese psyche. And more often than not,...Read More
The comments below are an edited and abridged synopsis of an article by Frank HolmesSince the commodities supercycle began unwinding nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. Those conditions are either firmly in place right now or in their early stages. Among them are a weaker US dollar, a flattening yield curve, heig...Read More
This article was written for Miles Franklin by Gary Christenson.Quick summary: U.S. debt, spending and deficits are out of control. Thinking otherwise is delusional. The "runaway train" of debt creation will end tragically. Protect your assets from a mathematically assured disaster while you can. Buy and hold silver, gold and platinum.The national debt of western nations plus Japan is a travesty...Read More
Walter E. Williams is the John M. Olin distinguished professor of economics at George Mason University, and a nationally syndicated columnist. To find out more Continue...Read More