By Frank HolmesStrengths? The best performing metal this week was palladium, down just 0.41 percent. Holdings in ETFs backed by palladium have fallen by two-thirds in the last three years and are back to 2010 levels. However, this is not the sign of a depressed market. Hedge funds have been taking delivery of the metal and then loan the metal to the market at lease rates of 6...Read More
Dear Friend of GATA and Gold:Gold researcher Ronan Manly's detailed report for Russia Today on the history and mechanisms of gold price suppression by central banks, called to your attention by GATA a few hours ago --http://gata.org/node/18112-- has been quickly reprinted by the Daily Sabah, a major newspaper in Istanbul, Turkey, that is published in English, German, Arabic, and Russian:https://...Read More
Rates are rising once again.Over 90% of investors focus almost exclusively on stocks. This is a mistake. The reality is that everything happening in stocks since 2008 has been the direct result of Central Banks creating a bubble in bonds.Because our current financial system is debt-based in nature (meaning sovereign debt, not gold or some other asset is the bedrock of the financial system) when Ce...Read More
We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:"...central bankers do not think about gold.Granted, they once did. In the 1960's, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12March 19, 2018"Some debts are fun when you are acquiring them, but none are fun when you set about retiring them." Ogden Nash "I'm in debt. I am a true American." Balki Bartokomous Debt is in the news again. Did it ever leave? The Bank for International Settlements (BIS), th...Read More
So many patterns that have held for decades seem to have broken down, leading to one of two conclusions: Either this time really is different in ways that appear to violate what used to be seen as iron-clad laws of finance, or those laws have been bent but will reassert themselves with a vengeance sometime in the future. The latest example is the relationship between corporate debt and default r...Read More
The Bonds segment of NFTRH 491 took a turn to tin foil territory to allow the letter writer to expose newer subscribers to his ideological views and thus, bias. #491 also got pretty talky on the precious metals as it did a thorough review of the sector's status, with silver's symmetry to 2016 a very key item. Hint: An ill-fated bounce like so many that have come after the 2016 top is not what we a...Read More
By Clint SiegnerGary Cohn resigned as President Donald Trump's Chief Economic Advisor on March 6th. He and Trump didn't see eye to eye on the recently imposed tariffs and the President selected CNBC commentator Larry Kudlow to replace him Wednesday. Perhaps it was Kudlow's experience on television that got him the job.It doesn't look like he was chosen for his intellectual honesty. Kudlow was qu...Read More
Regular readers will be familiar with the charts used in these reports. The fact that the gradients of all the trend lines used in the analysis are derived from the master line shown as M, nevertheless might not be fully appreciated. That structure reveals underlying symmetry in market prices in that the price tends to react to channels, which will become evident once the reader works to identify...Read More
"Compound interest is the eighth wonder of the world." Albert Einstein"My wealth has come from a combination of living in America, some lucky genes, and compound interest." Warren BuffettCompound interest is an extraordinarily powerful financial tool, and reinvesting the cash flows received from investments has historically been the single most reliable way of...Read More
Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - The intermediate correction from 2872 could nowcontinue until May-June.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course o...Read More
Friday's session in the precious metals sector was very exciting, but quite a few investors will want to agree to that, because the volatility wasn't really big. But the dam is broken, and we saw several new cracks pointing to an incoming breakdown. It's not the time to look away from all the signs - it's time to take advantage of them. In addition to showing you how we plan to proceed with the...Read More
By Keith WeinerWe will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:"...central bankers do not think about gold.Granted, they once did. In the 1960's, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to me...Read More
Strong global economic fundamentals can limit the rise of gold and silver. Whenever the focus moves away from global economic fundamentals like a Russia-UK/US spat etc. gold and silver will rise. Gold and silver will zoom if there is any clear indication of three interest rate hikes by the Federal Reserve (two after this week's hike). I am hyper bullish in gold and silver on or after July. There...Read More
Dear Friend of GATA and Gold:Gold researcher Ronan Manly's detailed report for Russia Today on the history and mechanisms of gold price suppression by central banks, called to your attention by GATA a few hours ago --http://gata.org/node/18112-- has been quickly reprinted by the Daily Sabah, a major newspaper in Istanbul, Turkey, that is published in English, German, Arabic, and Russian:https://...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Has the tech stock romp turned into a stomp? Tech stocks are sinking. Facebook has been called out by Snowden as a surveillance site masquerading as a social network. It's good to be liked, isn't it? Hecla mining just made a major acquisition, a bullish trend is starting. More junior acquisitions on the way. John Rubino is the founder and manager of the popular financial website DollarCollapse.co...Read More
Toys R Us just joined the unenviable list of top retail failures of the past decade: Circuit City, Linens-N-Things, A&P (the Great Atlantic & Pacific Tea Company), Sports Authority, and Radio Shack (whose downfall we called in 2016).Continue...Read More
Continue...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...Read More
Strong global economic fundamentals can limit the rise of gold and silver. Whenever the focus moves away from global economic fundamentals like a Russia-UK/US spat etc. gold and silver will rise. Gold and silver will zoom if there is any clear indication of three interest rate hikes by the Federal Reserve (two after this week's hike). I am hyper bullish in gold and silver on or after July. There...Read More