Precious metals markets are finishing out a choppy 2022 on an up note. A strong fourth quarter is pushing both gold and silver prices back up into positive territory for the year.The yellow metal got off to a hot start in 2022, reaching as high as $2,050 an ounce in March. But it suffered a severe pullback in the second and third quarters. A rising U.S. dollar exchange rate amid aggressive Federal...Read More
It was an especially intense year, and silver held on tight. If 2023 is even more intense than 2022, silver won’t have a choice but to rally.A lot has happened this year. Russia invaded Ukraine. North Korea fired off missile after missile. Latin America turned to the left. The United Kingdom lost a queen, gained a king, and saw three Prime Ministers in Downing Street. President Xi Jinping wa...Read More
While the statistics scream,investors, often blinded by emotions, do not hear them. However, since historyseems to rhyme, what do gold, silver, and mining stocks have in store for us?What a boring month!At least for those who monitor theperformance of junior mining stocks. It’s Dec. 29, and the monthly price changefor the GDXJ ETF is $0.15 (0.41%). That’s how much higher the GDXJ is no...Read More
Can gold's recent short-term rally beconsidered bullish, or can we expect a decline like in 2008?IsSilver Really Strong? Gold and silver are moving higher today,but nothing really changed despite that. Silver moved to its previous highs,while gold didn’t (chart courtesy of https://GoldPriceForecast.com). Yes, the silver price is onceagain outperforming on a very short-term basis, and it make...Read More
Gold has been poweringhigher on balance for a couple months now, surging to major breakouts. That upside momentum is improving sentiment,with traders growing more bullish on gold’s potential. That is well-placed, as this upleg remainsyoung. Major gold uplegs are three-stageevents, each having distinct drivers. The first and smallest stage isn’t even finished yet,...Read More
Since the gold market now showsparallels to 2008 and 2013, what can we expect if the correction has justended? TheUSDX's Breakout The changes that we saw on the chartsyesterday were not enough to change anything that I describedyesterday, so those comments remain up-to-date. Also, what I coveredduring yesterday’s live event (I combined the live market analysis with thepresentation about the...Read More
Investors got some superficially good news on the economy this week. But it turned out to be bad news for markets.Although they’ve bounced back a little today, equities and precious metals markets sold off on Thursday following government data showing that the economy grew faster than expected in the third quarter. GDP was revised upward to a 3.2% annual pace from July through September.Of c...Read More
Gold defied anotherhawkish Fed decision this week, consolidating high in its immediate wake. That was an impressive show of strength,after this extreme Fed tightening cycle hammered gold for a half-year or so. That strong performance reflects gold-futuresspeculators’ weakening resolve to keep shorting. With their long-side selling exhausted, they havemassive mean-reversion...Read More
(IDEX Online) - Plans to develop the huge Bunder diamond mine in India, with a potential yield of 34m carats, are facing opposition from environmental groups.Local residents claim the revival of mining activity at Buxwaha, in the central state of Madhya Pradesh, will destroy forest land, cost jobs, displace tribal populations and damage the environment.Rio Tinto leased the site from the state gove...Read More
(IDEX Online) - Botswana Diamonds (BOD), the UK-based explorer, says it is seeking joint venture opportunities to seek out new assets in Zimbabwe.The country relies on diamond mining for around 70 per cent of its foreign currency revenue, but is battling grinding poverty among its 15m population,John Teeling, chairman of BOD, said in a trading update: "There are significant geological opportunitie...Read More
(IDEX Online) - Price drops dominated yet again among rounds during December, but there price increases among fancies, as consumers opted for lower-priced goods. Manufacturers in Surat reportedly working at just half capacity. Consumer demand remains depressed, with pre-Christmas spending down 5.4 per cent year-on-year, according to the latest Mastercard SpendingPulse report. And inflation s...Read More
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One of the hardest things about investing is learning to expect the unexpected.The truth is that no matter how much we know, or perhaps think we know, the market has a way of surprising us.Gains can turn to losses, and losses to gains, on a dime. I was reminded of that this week when unaffiliated third parties intervened not just once but twice on my behalf. In both cases, stocks in my Wall Str...Read More
Last week, I took my first drive in a Polestar (NASDAQ: PSNY). And boy was it sweet.If you're unfamiliar, Polestar is a Swedish brand that was acquired by Volvo in 2015. Volvo, by the way, is owned by Chinese automaker Geely.The vehicle has only been on the roads for about two years, so it's likely that you haven't seen one yet. But given the price (around $40k after federal and state tax cre...Read More
Every power source has a trade-off. That's the simple truth I've learned after watching countless promises of carbon-free energy fall through. Lithium batteries were one solution. EVs were destined to rescue the planet from tailpipe emissions, only to end up creating endless miles of this: Solar and wind power have been supposed to replace coal-fired power plants for decades now. The former stil...Read More
SF Live, Released on 1/2/23Dave Collum forecasts an epic bear market - one for the ages, lasting 20 years. Why? He discusses his thesis with us. David Collum, a regular commentator on Peak Prosperity & Zerohedge, recently published his Year In Review 2022 commentary. We catch up with him about the lessons he learned, surprises and good calls, his investment portfolio, the market, the war in the Uk...Read More
John Stossel, Released on 12/2/22Adam Carolla is one of the most successful comedians around. Millions of people listen to his podcasts, attend his live shows, and read his books. Many of you liked the short video we did, but he deserves more time. In our full conversation, he goes much deeper into why he never apologizes for anything he says. He rails against the media's Covid hysteria. He reacts...Read More
Wall St. For Main St., Released on 1/2/23Aaron talks about how many key companies and commodities sectors like energy have break downs in charts but some of it from last week may be tax loss selling/harvesting before 2022 ended. Will a short covering relief rally in January 2023 aka the January Effect due to tax loss selling ending and seasonality happen again?For my detailed swing trading service...Read More
Michael Malice, Released on 12/15/22Michael Malice ("YOUR WELCOME") is joined by the one and only, Alex Jones, to talk about his controversial interview with Kanye West, the impact of the recent legal judgments, and Elon Musk's public call to prosecute Fauci. Michael and Alex also debate the "worst president in US History" and how one person, by all definitions, takes the title.Alex Jones & Michae...Read More
Institute for Peace and Prosperity, Released on 1/2/23The prospects for peace, justice, and the advancement of liberty in 2023 may at first seem further away than ever. Washington's determination to overthrow the Russian government via a proxy war in Ukraine has brought the threat of nuclear war closer than ever in history. The mainstream media is even "normalizing" the idea that a nuclear attack...Read More