By Graham Summers The financial media is awash with claims that Gary Cohn's resignation as Chief Economic Advisor is triggering a market collapse. While it's true that a market collapse is starting again, it has nothing to do with Gary Cohn. How do I know? Because Gary Cohn first wrote a resignation letter back in August 2017 in the wake of the Charlottesville mess... and stocks exploded hig...Read More
Full Article: The warning shots of 2007By: The Speculative InvestorFor a market analyst there is an irresistible temptation to seek out one or more historical parallels to the current situation. The idea is that clues about what's going to happen in the future can be found by looking at what happened following similar price action in the past. Sometimes this method works, sometimes it doesn't.Ass...Read More
It’sbeen only a couple of days since Thursday, when we closed our short positionsand we have already seen a sizable rally in gold and silver. In fact,yesterday’s upswing was so significant that both precious metals already movedto the target areas that we featured onMonday,even though they were “scheduled” to move there at the end of the week. Is thetop already in? Silver&r...Read More
Andrew ("Andy") Hoffman owns a subscription-based website, CryptoGoldCentral.com, which offers readers Andy's daily thoughts on cryptocurrencies and precious metal markets. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and fr...Read More
"Passivity is fatal to us. Our goal is to make the enemy passive. ... Communism is not love. Communism is a hammer which we use to crush the enemy." Mao Tse-tung, proclaiming the founding of the People's Republic of China, 1949Circumstantial evidence is mounting high that there is something seriously wrong with the amount of gold reportedly owned by the United States government, or more precisely,...Read More
The financial media is awash with claims that Gary Cohn's resignation as Chief Economic Advisor is triggering a market collapse.While it's true that a market collapse is starting again, it has nothing to do with Gary Cohn.How do I know?Because Gary Cohn first wrote an resignation letter back in August 2017 in the wake of the Charlottesville mess... and stocks exploded higher beginning one of their...Read More
By Jordan Roy-Byrne CMT, MFTA The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving avera...Read More
The percentage of household assets invested in stocks fell from almost 40% in 1969 to a mere 13% in 1982, after thirteen years of grinding losses.Continue...Read More
- Gold no longer fears or pays attention to Fed announcements regarding interest rates- Renewed interest in gold due to inflation fears and concern Fed won't do enough to control it- Higher interest rates on horizon will make debt levels unsustainable- New Fed Chair warns "the US is not on a sustainable fiscal path" and could lead to an "unsustainable" debt load- Higher interest rates are good for...Read More
“Passivityis fatal to us. Our goal is to make the enemy passive. … Communism is not &nb...Read More
With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war. Seemingly itching for a fight, he gleefully tweeted that "Trade wars are good, and easy to win." It seems like Trump thinks the conflict will play out much like Ronald Reagan's 1983 week-long invasion of Grenada rather than the mo...Read More
"There are potential carve-outs for Mexico and Canada based on national security, and possibly other countries as well based on that process." Continue...Read More
By Stewart Dougherty"Passivity is fatal to us. Our goal is to make the enemy passive. ... Communism is not love. Communism is a hammer which we use to crush the enemy." Mao Tse-tung, proclaiming the founding of the People's Republic of China, 1949Circumstantial evidence is mounting high that there is something seriously wrong with the amount of gold reportedly owned by the United States governme...Read More
"If a platform offers trading of digital assets that are securities and operates as an 'exchange,' as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration."Continue...Read More
The Bank for International Settlements reduced its use of gold swaps and other gold-related derivatives during February, according to the bank's statement of account for the month:https://www.bis.org/banking/balsheet/statofacc280218.pdfThis decrease follows a large increase in the bank's gold swaps in January. In recent months the BIS has been actively trading gold derivatives and the amounts di...Read More
Index futures have plunged Tuesday night on news that Gary Cohn, Trump's top economic adviser, is resigning. The selloff has brought the E-Mini futures down to within an inch of triggering a 'mechanical' buy I'd flagged at 2687.00. Ordinarily I'd say jump on it using the precautions I'd advised to set up a low-risk entry point. After all, who the heck is Gary Cohn, anyway? I could not have a...Read More
- Gold no longer fears or pays attention to Fed announcements regarding interest rates- Renewed interest in gold due to inflation fears and concern Fed won't do enough to control it- Higher interest rates on horizon will make debt levels unsustainable- New Fed Chair warns "the US is not on a sustainable fiscal path" and could lead to an "unsustainable" debt load- Higher interest rates are good f...Read More
Trade wars will increase as the Trump administration is considering clamping down on Chinese investments in the USA along with imposing tariffs on a broad range of Chinese imports. Gary Cohn resigning as Trump's top economic advisor will be bearish for the US dollar and bullish for gold. Key US economic data releases begin from today with February US private ADP jobs number. It remains to be s...Read More
Mar 08, 2018 Guest(s): Bradford Cooke CEO, Endeavour Silver The forecast calls for a multi-year decline in new mining supply of silver, said Endeavour Silver CEO, Bradford Cooke."Silver is the one metal that is primarily a by-product of copper, lead, and zinc mines, and in a five-year commodity bear market, there are no new copper, lead, and zinc mines," Cooke told Kitco News on the sidelines of...Read More
Mar 08, 2018 Guest(s): Rudi Fronk CEO, Seabridge Gold Seabridge Gold's KSM project has just undergone a successful drilling program at its fourth deposit, said Seabridge Gold CEO, Rudi Fronk."We had a drill program last year that added over 14 million ounces of gold and 7 billion pounds of copper to resources, at grades that are significantly higher than our reservese," Fronk told Kitco News on...Read More