Topics:Gold prices tease $1900.Big gains in silver, but that bull market has barely started.CNBC oblivious to what this means for economy.Trend broken of declining unemployment.A dollar crisis is much worse than a financial crisis.Wall Street learned nothing from 2008.My recent appearance with Liz Claman: https://youtu.be/eDDaz6Z108IPeter Schiff is an internationally recognized economist specializ...Read More
When a market is this overbought, there is virtually no room for immediate improvement or upside. Continue...Read More
I maintain that you should never deal with any New York bank for you will NEVER be able to prevail in any confrontation. They own the entire system.Continue...Read More
"There is no doubt about it - this is a complicated and quickly evolving retail environment and only the most nimble will survive, says Retail Expert and president of Naples-based Business Management Firm 'Third Eye Management' Karl Gibbons. Karl M. Gibbons is the President, Problem Solver & Rainmaker at Third Eye Management as well as a serial entrepreneur who has created and sold four multi-mill...Read More
She is one of four Chinese researchers accused of concealing their links with the People's Liberation Army (PLA) of China. The FBI warns that more of their colleagues are operating in more than 25 American cities.Continue...Read More
"Every nation will have to come to its own understanding of how to protect its national security, its economic prosperity, and its ideals from the tentacles of the Chinese Communist Party." Continue...Read More
Gibson was seen at a grocery store in California with his girlfriend in March just before his hospitalization. Continue...Read More
Investors are just beginning to move into the precious metals to protect wealth. Continue...Read More
Precious metals prices are once again on the rise this morning with spot gold prices back above $1900...Continue...Read More
We’ve been micro-managing silver lately in NFTRH and NFTRH+ updates and that is for a reason. The reason is that gold’s wild little bro has been rallying – in what is turning out to be 5 clear waves – since the March crash.When that crash reversed, my view, and hence the NFTRH view was that it was likely to have been a horrifying shakeout of the silver bulls that due to its...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More
By: Ira EpsteinGold's 18-dma moving up nicely, a very hard break higher. Read More
Momentum is very bullish for gold and silver. Look for signs of weekly profit taking. If gold and silver do not see any weekly profit taking then chances of $1934.40 and $2425 will be very high today. Federal Reserve is Protecting the American brokers by broadened access to three of its lending facilities designed to provide a credit backstop to firms hurt in the coronavirus crisis, allowing bro...Read More
Previously,I have shown how the Dow has actually outperformed silver and gold since thecreation of the Federal Reserve in 1913.Today, if silver had the same kind ofperformance as the Dow since around the creation of the Federal Reserve in1913, then it would have topped out at $225.20 [(29568.6/78.78)*.6). Yet, itonly topped out around $50 in 1980 and 2011.In 1973 silver was in a similar type ofpos...Read More
China’s economy grew 3.2 percent in Q2 2020. The expansion was above expectations, but it does not have to sink gold.Last week, China reported that its economy grew 3.2 percent year-on-year in the second quarter of this year, following a 6.8 percent contraction in the previous quarter, as the chart below shows. Importantly, the actual growth rate beat the market expectations of a 2.5 percent...Read More
World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) fell 7% year on year in June 2020.Global output was 148.30 million tonnes in June 2020 down from 159.54 million tonnes in the same month in 2019.China contributed the most to global crude steel production both in June and in the first six months of 2020, producing a total of 91.58 mill...Read More
Last week, we wrote that gold miners flashed an“extremely overbought” signal, which they had only flashed once in the past –almost right at the 2016 top. The GoldMiners Bullish Percent Index recently moved to the highest levelthat it could reach – 100.The only other case when the index was at 100, wasin mid-2016. We marked this situation with a vertical dashedline. Did min...Read More
As the world's economic engine starts to recover from the COVID-19 pandemic, the demand for certain key commodities are a good indicator of the rebound strength.The S&P GSCI Commodity Index (Chart 1) is a collection of24 commodities from all commodity sectors (energy products, industrial metals, agricultural products, livestock products and precious metals). Since 2011, the index has been in a...Read More
"Hope and fear look different on a chart"Recently in these pages, we noted that bull markets in stocks tend to end with "a subtly slowing ascent" rather than with a final "spike" higher, as many investors believe. Historical examples were provided.It was also pointed out that, by contrast, commodities do tend to end major uptrends with a price spike.The Wall Street classic book, Elliott Wave Princ...Read More