Bitcoin briefly topped out above $20,000 in December. Then it hit a rough patch. As I type, bitcoin is trading in the $14,500 range. Many people wonder if this is the beginning of the end for bitcoin.Here's my answer to that: no, it's not. Not by a long shot.Pullbacks like these are normal, healthy, and even necessary. Nothing goes up in a straight line forever. And I still hold firm to my predict...Read More
"In high school," begins our co-founder Bill Bonner, "we learned that anything can be used as money.""In 2017," he continues with wry bewilderment, "bitcoin proved it."But is it true?Is bitcoin now a viable form of money… or merely an asset like a stock, a bond... or a Star Wars action figure?(It has come to our flabbergasted awareness that this 3.75-inch chunk of molded plastic recently sol...Read More
In August 2016, at a rally in support of Hillary Clinton, investing legend Warren Buffett, a billionaire many times over stood on the stage and said:“I ask Donald Trump: ‘Have you no sense of decency, sir?”The last time those exact words were uttered on a national stage was in the spring of 1954 when Boston lawyer Joseph Welch effectively ended the political career of Senator Joe...Read More
CloseGain/LossOn WeekGold $1320.50-$1.40+1.33%Silver$17.20UNCH+1.53%XAU87.39-0.45%+2.49%HUI198.13-0.32%+3.03%GDM661.89-0.20%+1.73%JSE Gold1322.71+17.52+1.47%USD91.97+0.10-0.36%Euro120.42-0.26+0.32%Yen88.43-0.27-0.43%Oil$61.44-$0.57+1.69%10-Year2.477%+0.025+2.74%Bond151.9375-0.375-0.63%Dow25295.87+0.88%+2.33%Nasdaq7136.56+0.83%+3.38%S&P2743.15+0.70%+2.60% The Metals: Gold fell $5.70 to $131...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort241,42878,16060,048155,104332,704456,580470,912Change from Prior Reporting Period 38,83811,5182,405-36527,76640,87841,689Traders17086744552246183 Small Speculators LongShortOpen Interest 44,15129,819500,731 3,3832,57244,261 non reportable positionsChange from the previous reporti...Read More
By Dave Kranzler"This time it's different." That quote is from Sir John Templeton, a legendary investor who is considered the father of the modern mutual fund industry. For most of the month of December, I've been hearing ads from mortgage brokers who are promoting the idea of refinancing your house in order to take care of holiday bills. It reminded of the early 2000's when then Fed Chairman, A...Read More
The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high...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
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
By Gary TanashianThis morning I noted that I did not appreciate seeing Jeremy Grantham's note dismissed even in the slightest way and without rancor by a Biiwii author. His intro was "Here we go with the "melt-up" meme again.", which I felt was not appropriate for our purposes, coming as it did from a writer who was cautionary all through 2017.Look, I was pretty sure I was going to be wrong abou...Read More
By Steve St. AngeloEnjoy the good times while you can because when the economy BLOWS UP this next time, there is no plan B. Sure, we could see massive monetary printing by Central Banks to continue the madness a bit longer after the market crashes, but this won't be a long-term solution. Rather, the U.S. and global economies will contract to a level we have never experienced before. We are...Read More
By Avi GilburtFirst published on Sunday Dec 31 for members: While I am unable to answer the question in the title of this update definitively, I will show you what the market has to do in order to answer the question in the affirmative. But, first I want to reflect on 2017. We approached 2017 with high expectations that the market would provide us with a strong 3rd wave break out off the 2...Read More
By George SmithI'm sure there will be some shocking events in 2018, but I have no idea what they will be. There are too many wildcards in the mix, with one big one taking center stage: States. The civilized world, such as it was, took a nosedive after the Sarajevo assassinations in 1914 ignited the political tinderbox in Europe. To pay for the massive slaughter that followed, states aban...Read More
BULL MARKET IN GOLD...We are now about to commence a full-fledged bull market in gold and gold mining stocks. The paper manipulation has been the chosen deception but did allow investors to take advantage of opportunities in some gold stocks that were incredibly undervalued and literally being given away at those prices. We expect to see enormous...Read More
Gold rose despite some better than expected US December private ADP numbers. The US dollar is still on the weaker side against the euro and sterling. This is the best chance for gold to rise to the $1400-$1430 zone and for silver to test $2000. FOMC minutes preventing a gold price fall is very positive for bullion in the near term. Investors know that the chances of a quicker interest rate hike...Read More
So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to be a dull period for the yellow metal, as it was traded within a narrow range of $1,200-$1,300 for most of the year.However, all that glitters is not gold, and all that does not fluctuate like Bitcoin is n...Read More
– Critical hardware flaw breaks basic security: risks to online banking & digital assets– Nearly all computers worldwide, smartphones and other devices – exposed to major security risk– Two separate security flaws identified in devices powered by Intel, ARM and AMD chips– Vulnerability known about for six months by tech insiders– Cyber crime represents the b...Read More
I keep reading articles claiming that inflation is nowhere to be found.If that is true, explain the following four charts.Copper has broken out of a 10-year downtrend.This chart suggests that Copper will be retesting its 2011 highs.Another inflationary industrial metal (steel) is posting a similar pattern.There is literally NOTHING bearish in that chart. The bear market in steel from 2010 onwards...Read More
I keep reading articles claiming that inflation is nowhere to be found.If that is true, explain the following four charts.Copper has broken out of a 10-year downtrend.This chart suggests that Copper will be retesting its 2011 highs.Another inflationary industrial metal (steel) is posting a similar pattern.There is literally NOTHING bearish in that chart. The bear market in steel from 2010 onwards...Read More