Dear Friend of GATA and Gold:London metals trader Andrew Maguire, interviewed this week by the TF Metals Report's Craig Hemke for Sprott Money, says the London Metal Exchange soon will offer a gold contract much more closely tied to physical delivery than competing contracts, putting heavy pressure on the "paper gold" system.Maguire also says:-- The gold/silver ratio will reduce to 63-1 and then...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
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
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
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
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
Jul 27, 2020 Guest(s): Peter Grosskopf CEO, Sprott The U.S. senate is on its way to filling vacant seats on the Federal Reserve's board of governors and although one pick has been plagued with controversy, one fund manager does not expect the new members to derail the central bank's current plan to pump massive levels of liquidity to stabilize financial markets and the global economy.In an inter...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
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
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
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
The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013 - 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today's advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn't mean it can't drop back again it...Read More
By: Gary SavageGold has left behind the resistance zone from 2011, we will likely see all-time highs acting as a magnet pulling the price higher: https://blog.smartmoneytrackerpremium.com/Read More
(Updates prices)By Peter HobsonLONDON, July 23 (Reuters) - Copper prices rose on Thursdayas available stockpiles in London Metal Exchange (LME)warehouses tumbled and a spike in the cost of metal forimmediate delivery pointed to a tightening market.The dollar also slid to its weakest in nearly two years,making metals cheaper for buyers outside the United States.Benchmark copper on the LME was up 0....Read More
Bob says now is the time to buy gold before it is too expensive and talks about the erosion of our constitutional rights.Part 1 (parts 2 & 3 below)Bob Moriarty continues the interview with Jay. Jay recommends getting and reading "Common Sense 2.0" and Bob talks about the military industrial complex.Part 2Bob Moriarty and Jay continue to talk about the topics of the book "Common Sense 2.0" and prob...Read More
Legendary precious metals trader Andrew Maguire joins us to answer your questions regarding COMEX pricing, JP Morgan and the current shortage of physical silver at the wholesale level.Sprott Money News ? Sprott Money News Ask The Expert - July 2020- Andrew MaguireAndrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious...Read More
"Trump promised us a deal. Instead, we got a cold war."Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Me...Read More
"When inflation becomes the problem, what can the Fed do? Promise to buy stocks and print more money? What can the Fed do? Print money to buy down interest rates when the economy is in full revolt? When money managers are shorting bonds and driving yields to the moon. No, the only thing they can do is stop printing money and promise to fight inflation. That's when you are going to get 6,000 on the...Read More
TOPICS IN THIS INTERVIEW:-Michael's introduction-Deep analysis of the gold bull market stair stepping higher.-Acceleration of the gold and silver move.-Bull market in gold, "likely its last."-Tech stocks heavily distorting indexes.-Banking stocks never recovered.?>>?J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity...Read More