Gold has been battered lower in recent months as gold-futures speculators fled in dread of the Fed-rate-hike boogeyman. As universally expected, the Fed’s 5th rate hike of this cycle indeed came to pass this week. When gold didn’t collapse as irrationally feared, the cowering futures traders were quick to start returning. Past Fed rate hikes have actually proven very bullish for gold, and this latest one will be no exception. Full Story
Europe’s financial and systemic troubles have retreated from the headlines. This is partly due to the financial media’s attention switching to President Trump and the US budget negotiations, partly due to Brexit and the preoccupation with Britain’s problems, and partly due to evidence of economic recovery in the Eurozone, at long last. And finally, anyone who can put digit to computer key has been absorbed by the cryptocurrency phenomenon. Full Story
Chris welcomes back, John Embry, Senior Strategist at Sprott Asset Management. The cryptomarket price explosion represents prima facie evidence of what the gold crowd has known for decades - gold price suppression fomented by the fiat money is doomed. Case in point, the upward eruption in BTC / ETH / LTC may represent the petrie dish model for the precious metals market. Full Story
I started programming IBM machines in the late 60s, and at the time there was talk about the possibility of a computer someday beating a competent human at chess. Though the first programs stumbled along like children learning to walk, slowly, over the years, they improved, thanks in part to Moore’s Law and the genius of certain computer scientists. In February 1977 Chess 4.6, the only computer entry, won the 84th Minnesota Open against competitors just under Master level; it later defeated the US chess champion. Full Story
Each of the last three years have begun with gold rallies of over 10%. The stage is set for another such move in 2018. Are you prepared? Many folks have written about how the current selloff in gold and silver was predictable. Whether it was expected due to tax-loss selling, seasonality, CoT-washing or the expected FOMC rate hike, the majority of analysts were expecting price weakness in November and December and, this time, the majority was correct. Full Story
Dollar devaluation is central bank and government policy. It will continue. Stock markets have been levitated by central bank “stimulus” and “printing.” Most stocks are now dangerously high, whether measured by fundamentals or technical timing indicators. Stock markets MAY have already turned lower as indicated by the daily and weekly charts. The monthly charts say, “Look out below!” Full Story
Charles Hughes Smith from the Of Two Minds blog returns with commentary on the cryptocurrency bonanza. Real-world, peer-to-peer Bitcoin applications yield exceptional utility for all global inhabitants. The studio workstation recording the discussion offset the associated electricity costs via mining Zcash 850 Sols / second. The mining operation is optimized for automatic coin switching among dedicated servers to maximize the CUDA cores of both GPUs. Full Story
The last week has seen the metals and miners drop down into support regions. As I write this, we are sitting just over major support for most of the charts I follow. Whereas the GDX likely provides the cleanest picture of the market potential right now, I will be providing you guidance about the GDX in my analysis below. And, while I maintain a strong bullish bias for 2018, the action we see in the coming weeks will tell us when we can begin to take a more immediate bullish perspective. Full Story
The revolution might not be televised, but it will most certainly be digitized. That’s the message, at least, of my friend Jonathan Roth’s short film on blockchain technology and cryptocurrencies, titled “Cryptocurrency Revolution: On the Frontlines of the World’s Hottest Tech Opportunity.” Full Story
Summing up, the medium-term outlook for the precious metals market didn’t change based on this and last week’s developments and it remains bearish, but the short-term outlook improved significantly. Gold is likely to rally for additional $15 - $35 or so, before turning south again. Silver, mining stocks and related leveraged ETFs are also likely to move higher, but we’ll keep details regarding these targets to our subscribers. Full Story
This video explores the strong possibility that the US Dollar is in a crisis that is seemingly unrecognized by the Fed. The implications for future price movement in the stock and gold markets is also discussed. Full Story
With today’s thrust, February Gold has extended its rally from 1238.30, a bottom recorded on Monday that could prove to be important. It occurred less than a dollar from a target we’d used that had been three months in coming. A bounce lasting another 3-4 days would be appropriate if the larger downtrend is fated to resume. In any case, the rally would need to surpass the 1321.00 peak labeled in the chart to demonstrate real staying power. The futures should be traded with a bullish bias in the meantime. Full Story
I have lain in wait before writing this stark a warning on Bitcoin, because if you “cry wolf” too often with something like this, you are simply written off as a fool within days if it carries on up and up. It could yet do so, but now we are seeing really extreme manifestations of mania suggesting that the top is at hand, and if not we are very close to it. Full Story
It seems that most gold and silver bought through futures contracts on the Comex in New York and claimed for delivery now is being delivered in London through what long had been described as an "emergency" mechanism. Since the metals are reported to be in backwardation in London -- prices for immediate delivery being higher than prices for future delivery -- all this suggests an extreme shortage. Full Story
The Fed concludes its final FOMC meeting of the year today. The entire financial world expects the Fed to raise rates a final time. This will mark the fifth rate hike since December 2015, and the fourth of the last 12 months. Throughout this time period, the Fed has routinely stated that it is confused as to why inflation is “too low.” Full Story
In this analysis we will combine two "technicalities" that many people have probably never even thought about, and show how in combination and over the course of a retirement - they can completely change our day to day quality of life. We will examine how these factors can in combination cost the average retiree a full month of income on a purchasing power basis within 10 years. For someone who depends on Social Security for all or a major part of their income, this means that they would have 12 full months of expenses - but the money to pay the expenses would run out by November 29th. Full Story
In this interview, Mr. Sprott shares his thoughts on the gold market, distinguishing between the paper market and the physical market and the current market dynamics. Eric concludes the interview by sharing advice for both new and experienced gold investors alike. This interview was conducted in November 2017 during BullionStar's participation at the Precious Metals Investment Symposium in Melbourne, Australia. For more precious metals related interviews with known gold proponents such as e.g. Jim Rogers, David Morgan and Chris Powell, go to BullionStar Perspectives. Full Story
The profitability of lending/investing money is a function of both the rate of return on the money loaned/invested and the return (payback) of the money. The historically low interest rates are squeezing lenders by driving the rate of return on the loan toward zero (note: “lenders” can be banks or non-bank lenders, like pension funds investing in bonds). Full Story
It’s just like Wall Street (and its mouthpiece, The Wall Street Journal) to get all lathered up over supposed tax reform that has little more going for it than the usual heap of manure we’ve come to expect from Congress. I made this point recently in discussing some fine print in the tax bill that would keep the alternative minimum tax for corporations. It were as though the Magna Carta had retained a provision that shoplifters be drawn and quartered in the public square. So what else is in the fine print? Full Story
I’ve predicted that a long period of deflation in the Western world would end with a Fed taper, rate hikes, and quantitative tightening. That’s clearly in play now, and the deregulation of America’s thousands of small banks is perhaps the most exciting event taking place on this new “inflationary frontier”. Because of these powerful monetary trends, I’ve predicted big problems ahead for Wall Street and somewhat better times for Main Street. Full Story
Watch this 9-minute video to learn which indicators have prompted Mike Maloney to make an investment move. You'll also get some exciting news on a new cryptocurrency project. Full Story
The debate continues between the SRSrocco Report and CPM Group’s Jeff Christian on the fundamentals of the silver market. After my article, in which I questioned the CPM Group’s exclusion of silver investment demand from their supply and demand analysis, Jeff Christian responded with a comment on my website. I am glad that Mr. Christian responded because it now allows me the opportunity to explain in more detail why I disagree with the CPM Group’s analysis. Full Story
A meme we have seen in the bitcoin community seems to be gaining traction. Bitcoin is deflationary. That is prices of things, measured in bitcoin, are falling. For example, in spring 2011, gasoline was Ƀ1.00. This week, that same gallon had fallen to Ƀ0.0001875. Gas has gone down by 99.98 percent! Full Story
It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial traders. The weekly COT for that week showed an aggregate short position of a miniscule 2,911 contracts down from the earlier highs of over 300,000 contracts. About six weeks later, despite the earlier bottom in gold, the HUI (NYSE Arca Gold BUGS Index) got mauled mercilessly and closed at 99.19 on January 19th 2016. Full Story
Writing about blockchain and bitcoin right now is a little like buying a new computer in the 1990s. The tech was advancing so fast in those days that as soon as you brought the thing home, it was sorely outdated. Similarly, the cryptocurrency world is changing so rapidly at the moment that even before “the ink dries” on one of my posts, some important new development has already surfaced. Full Story
Well, Michael, you focus a lot on the bond markets. Let's talk for a minute here as we begin about the bubble that has been created and maintained there, and then we will get into the potential ramifications for precious metals. I was researching this morning and the yield on the 10-year Treasury note was 2.242% on December 20, 2015, just after the Federal Reserve made the first rate hike in the current cycle of raising the Fed funds rate. Full Story
Summing up, there multiple signals that point to lower precious metals prices in the coming weeks, but there are also signs that point to higher prices in the short term. The scenario that seems to fit most signals is the one in which the precious metals market forms a temporary (!) bottom sometime this week, rallies for a bit and then starts another major slide. There are many factors that come into play at this time and we’ll keep monitoring them. Full Story
The precious metals sector is on major buy signal. The cycle is down, as the multimonth consolidation continues. COT data is now supportive for a bottom in metal prices. We are holding gold-related ETFs for long-term gain. Full Story
The best performing precious metal for the week was palladium, but it clocked in with a price decline of 1.41 percent. In an interview with Sharps Pixley’s Lawrie Williams, precious metals specialist Ted Butler said his analysis shows that, for at least the past nine months or longer, Goldman Sachs and JPMorgan Chase are taking 80 percent of all COMEX physical deliveries of gold and silver. Butler believes that someone would only take delivery if you thought the price was going to go up in value. Full Story
Policies like QE and ZIRP only work as long as the financial system maintains confidence in the currency a Central Bank is printing. The minute that currency begins to devalue rapidly due to inflation, the whole game is over. This process has already started. The explosion of Bitcoin and other cryptocurrencies is just one way in which the system is losing confidence in primary currencies. Full Story
This next set of ratio charts I consider to be the most important ratio charts if you are deciding whether to be an investor in the INDU or in Gold. When the price is rising The INDU ( Dow Jones Industrial Average ) (a proxy for General Stock Markets) is rising against Gold , and when it is falling Gold is rising against the Dow. Full Story
The gold price was up a dollar or so in Far East trading on their Friday, but was turned lower once London opened. That tiny downturn lasted until at, or shortly after, the 10:30 a.m. GMT morning gold fix in London — and the price began to tick higher from that point. The big price slam that I was expecting on the release of the jobs numbers never materialized, but the volume between 8:30 and 10:00 a.m. in New York yesterday was amazing. Full Story
It took a lot longer than it should have, but gold futures traders have finally started behaving “normally.” The speculators who were extremely, stubbornly long – and who are usually wrong when they’re this excited — had maintained their over-optimistic bets when they should have been stampeding for the exits, making the last few months both boring and depressing for gold bugs and related investors. Full Story
Singapore has evolved into one of the world’s most dynamic gold trading and storage hubs. Following sustained growth over the last five years backed by government initiatives to develop the country's investment precious metals (IPM) sector, Singapore now hosts a vibrant local and regionally focused gold market comprising a wide variety of precious metals participants. These participants range from retail bullion dealers to bullion wholesalers, from precious metals refineries to secure logistics providers, and from bullion banks to trading houses. Full Story
At this time, the SPX has now exceeded the target we set back in 2015 by approximately 2%. Yet, it is still possible it can extend a bit more. And, the main reason is that the Nasdaq pattern still does not look complete. In fact, it still looks like it needs one more rally to complete its structure. And, for this reason, I am still looking a bit higher into the end of the year, especially in the NQ, before the larger degree pullback I want to see in the equity market takes hold. Full Story
As the holiday season approaches, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with glad tidings for PMs investors. Our guest is particularly keen on the prospects of the silver market. With the holidays just around the corner, Dan Norcini, a.k.a., Trader Dan returns with his outlook on the commodities sector. He follows the money flows to decipher investor sentiment, such as the Carry-trade that involves the USD/Yen. Full Story
Could we have reached an important crossroads in history with the announcement from President Trump that they are moving the U.S. embassy to Jerusalem? The move has been widely condemned even as it has been praised in some quarters. The move has already triggered protests, riots, and violence. Some view it as a declaration of war as rockets have been fired from Gaza. The move comes against the backdrop of ongoing Israeli bombing into Syria against military installations of Syria, Iran and Hezbollah even as there has been no formal declaration of war. Full Story
After bitcoin’s spectacular price spike this year, could gold be about to stage a similar grand finale to its bull market that began back in 2000? Bitcoin also took many years before its final speculative reach-for-the-sky. Indeed, the scramble to buy at the last minute has been reminiscent of gold’s previous price spike back in 1980 after a long run up in prices during the economically unstable 1970s. Full Story
Almost every weekday, some arm of the US government issues some sort of economic statistic. News media and financial analysts review and report it. Then 99.9% of the adult population, and probably 90% of the financial industry, forget all about it. And they’re probably right to do so. Full Story
To sum up Noland’s analysis, the US, along with the rest of the world, has entered full Ponzi, where credit has to continue to rise at unprecedented rates to keep the system from imploding. But the more credit we take on, the more fragile the system becomes. A sudden decline in equities or bonds, geopolitical tensions escalating, cryptocurrencies threatening fiat currencies, you name it, can crack the façade of normality that rising asset prices create. Full Story
The U.S. economy continues towards an epic crisis while the overwhelming majority of analysts are completely in the dark. Even though some alternative media analysts understand that our highly leveraged fiat monetary system and markets will crash, they fail to understand the underlying reasons. Thus, we are heading into a future we are not prepared because… the BLIND continues to lead the BLIND. Full Story
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