Something big is afoot in the Shanghai Gold market. It seems that we are at the door of the RESET finally, with China being betrayed by the USGovt and USFed in concerted collusion. The attempt to reduce the USDollar while maintaining ultra-low bond yields seems the final straw. The inference is made that the jig is up finally, and a significant turning point is upon us. Full Story
By: Adam Hamilton, Zeal Intelligence - 17 March, 2017
The junior gold stocks corrected hard in recent weeks, setting them up to blast higher on Wednesday’s less-hawkish-than-expected Fed. That started to dispel some of the serious bearish sentiment that has been mounting in this sector. The junior gold miners’ fundamentals justify much-higher stock prices, as evidenced in their recently-reported fourth-quarter operating and financial results. They remain very bullish. Full Story
President Trump was elected on several promises, including one that he would fund tax cuts by cutting public spending. Cynics might note that his first action was to increase spending on the military by $54bn, the equivalent of six Polish armies. Full Story
Bob Hoye of Institutional Advisors rejoins the show in rare form with timely market commentary and historical perspective. Although a confirmed gold bull, Bob Hoye questions the validity of the gold manipulation story, preferring instead to monitor the gold / silver ratio. Currently, indicators suggest ensuing chaos in the credit market via the high yield / low grade bond market. Full Story
Earlier this month, I wrote that we would have a window of a few more days to weeks in order to get on board with gold and silver mining stocks at a good price for the first half of this year. I also have written extensively this year about the necessity of using hedges during raids on gold and silver combined with temporary moves to cash to balance out any downside exposure during these raids, and mentioned that again we had applied some hedges against paper gold and paper silver during this last raid. Full Story
The beginning and end of bull markets are the easiest setups to make big money very quickly. The stock market is entering the bubble phase that will conclude its bull market. The bubble phase in the gold market will not begin until gold breaks out above the $1900 level. Full Story
2017 will be an interesting year, to be sure. Actually, it is likely to mark the most volatile political risk environment since World War II according to the Eurasia Group. The French presidential elections probably create the biggest political risk, although elections in the Netherlands and Germany may also shake the markets. Other political risks include: the Iran presidential election, North Korea’s nuclear program, more and more authoritarianism in Turkey, the situation in the Middle East, the possible early elections in Italy, the actions undertaken by Russia, the unfolding Brexit, and the never-ending Greek story. Full Story
As far as silver and gold, both also have 3 waves up off the lows now. But, silver has me a bit more concerned than gold right now. Silver, as well as a couple of silver miners I was looking at, would suggest the bigger a-b-c alternative pattern I noted above may play out, and it is represented on the attached daily silver chart. And, I want to reiterate that this is my alternative count. Full Story
Gold doesn’t pay interest, remember? It is a barbarous relic held by central banks as a “tradition”, so I am little confused as to why the Indian government wants the 20,000+ tons of gold held by the people. Oh yeah, gold is money and represents freedom and independence – two things all governments hate. The Indians like their gold and want to keep it to protect themselves from thieving government officials. Full Story
Buyers extended Wednesday’s perplexing rally — perplexing because if gold were acting normally, it would be falling on Wednesday’s headline news of a 25-basis-point rate hike by the Fed. Rising returns on risk-free paper are supposed to attract money away from bullion, right? Whatever the case, day two of gold’s surge conspicuously failed to reach the midpoint Hidden Pivot at 1236.00, never mind punch through it. A decisive move past the pivot would all but guarantee a further push to the 1277.10 target, but there’s no point in guessing about whether this will occur. We’ll give it another day or two, but the longer it takes for the April contract to move above the red line, assuming it does, the greater the suspicion that this so-far spirited rally is not headed for greatness. Full Story
Those who don’t like my writing style may already call me boring (or worse), but as far as stock holdings go I willingly take on that description. If you’re looking for words about yesterday’s FOMC meeting, you won’t find them here. There are plenty of people picking that thing apart and trying to make chicken salad (news) out of chicken shit (a non-event). Full Story
The Federal Reserve’s FOMC predictably nudged the Fed Funds rate up 25 basis points (one quarter of one percent) to set its “target” Fed Funds rate level at .75%-1%. Nine of the faux-economists voted in favor of and one, Minneapolis Fed’s Neil Kashkari, voted against the meaningless rate hike. Full Story
The Dunning-Kruger effect is the idea that low-ability people tend to suffer from illusory superiority. The phenomenon, first studied by David Dunning and Justin Kruger, says that people who know the least tend to overvalue their own competence, and tend to believe that they are experiencing some sort of upper-echelon level of thinking. Full Story
Gold prices have increased along with debt and currency in circulation. Gold bubbled higher in the stagflationary 1970s and then languished in the “great age of paper” from 1982 – 2000. Gold will probably catch up with debt as central bankers rapidly “print” currencies, which will cause accelerating devaluations in the next several years. Full Story
Peter Grandich of Peter Grandich and Company notes, "I haven't been this bullish on gold in 20 years." The duo discuss today's FOMC meeting where concerns over domestic inflation and an overheating economy lead Fed officials to raise the lending rate. The quarter point rate hike sent the PMs sector sharply higher. The event could signify much better times ahead for gold and silver investors as the US dollar trade may be crowded. Full Story
So where do we go from here - well having been burned by behaving logically, presumably those investors who keep finding themselves "long and wrong" in dollar/equities and "caught short" in gold will be more perspicacious - a posh way of saying more wise and cynical. Ultimately we could just end up not listening at all. Full Story
By: Steve St. Angelo, SRSrocco Report - 16 March, 2017
In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars. Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious metals investments. However, gold and silver are really not investments per say, rather they perform as real money. Full Story
Every four years, the American Society of Civil Engineers (ASCE) releases its report card on the condition of America’s infrastructure, and for the second time since 2013, our nation’s roads, bridges, waterways, airports and more scored a barely-passing D+. As disconcerting as this might be to American taxpayers who expect and depend on quality infrastructure, it could be a huge opportunity for investors in companies that stand to benefit from President Donald Trump’s $1 trillion infrastructure spending proposal. Full Story
According to the mainstream financial media (MFM), the biggest financial frauds in history are the Bernie Madoff Ponzi scheme, with roughly $20 billion in net investor losses, and the Bank State rigging of LIBOR, which resulted in 16 guilty banks paying $35 billion in fines, which supposedly equated to their theft. The MFM have conveniently ignored a far larger financial crime that has been perpetrated for 37 years and counting, and that has netted its orchestrators more than $1,000,000,000,000.00 ($1 trillion) in stolen profits. Full Story
Not too long ago this bull market was one of the most hated in history; that no longer appears to be the case. Throughout the unpopular phase of this bull market, we consistently and much to the dismay of many penguins, oops we mean experts, stated that every pullback should have been treated as a buying opportunity. There were two reasons for this; market sentiment was consistently negative, and the trend was up. Full Story
As many are celebrating the 8th birthday of the stock market rally which began in March of 2009, there is a common belief that this birthday will usher in a market crash. The common belief has been that government action has “caused” this 8-year rally, but a closer look at the timing of such government action may dispel the notion that this rally was government driven. In one of my articles on Seeking Alpha, I provided real world examples of how the central banks have been unable to control or manipulate the FOREX markets, despite their throwing “bazookas” at those markets. Full Story
As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together. Full Story
I’ve been thinking about the current Fed Funds rate hike cycle, which is logically gaining forward momentum now that the Fed can stand down from its 8-year, ultra-lenient monetary policy cycle. That is because the Obama administration’s goals required a compliant Federal Reserve to continually re-liquefy the economy as its fiscal policies drained it. Full Story
The stock market has once again entered a period of consolidation as investors wait for the results of the most important legislative decision of the year. The fight to repeal and replace Obamacare has taken the spotlight as Congress debates the passage of legislation that would eliminate its most burdensome aspects for businesses and individual taxpayers alike. Full Story
By: Steve St. Angelo, SRSrocco Report - 15 March, 2017
The low oil price continues to wreak financial havoc on the largest oil producer in the Middle East. While the Mainstream press has published articles forecasting a rebound in Saudi Arabia’s financial outlook, due to higher oil prices this year, it seems like the Kingdom’s problems are just beginning. In order to make up for falling oil revenues, Saudi Arabia has been liquidating its foreign currency reserves at a pretty good rate over the past two and a half years. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 15 March, 2017
GATA may be glad if Weiner finds the gold and silver communities overwhelmingly convinced of its years of work, though of course this convincing does not yet seem to have succeeded with gold and silver mining companies themselves. But we can't be glad that Weiner himself maintains that there is no evidence of this market manipulation -- that, to the contrary, he believes, as other technical analysts do, that gold and silver prices are the products of his technical analysis and mathematical formulas. Full Story
Our downside target for the near-term is 1156.60, a ‘midpoint’ Hidden Pivot that comes from the weekly chart. April Gold had a chance to rally out of the hole this week from a bouncy-looking pivot at 1195.40. Instead, the futures popped for a few measly points before falling back to the support. This is pretty feeble price action, especially considering the rally had round-number support at 1200.00 going for it as well. Under the circumstances, we should expect the futures to continue lower, eventually turning 1200.00 into resistance. I’d return reluctantly to the bullish case, at least for the near term, if this vehicle were to leap above 1214.50 in the next day or two. Full Story
By an overwhelming 56-13 margin, the Idaho House of Representatives today voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars. Bill sponsor Representative Mike Moyle (R) and the entire Republican caucus voted for the measure. If the Republican-controlled Idaho Senate follows suit and Governor Butch Otter (R) signs the bill, Idaho citizens will better be able to use gold and silver as a form of savings which protects against ongoing devaluation of America’s currency. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 14 March, 2017
So to ask a gold or silver mining company to overcome its cowardice and to stand up for its shareholders against central banks and governments is asking a lot. But after all these years of price suppression, such companies should ask themselves whether, if, as it seems, they are in danger of dying from futures market derivatives underwritten by governments and central banks, they want to die on their knees or on their feet. Full Story
Oil may have just stopped the Bank of Japan. The fact is that in late September 2016, the Bank of Japan embarked on a new monetary policy of targeting a yield of 0% on 10-Year Japanese Government bonds. What this means is that the Bank of Japan will intervene in the market to maintain a 0% yield, and this involves aggressively devaluing the Yen against the $USD. You can see this in the chart below. Full Story
When you couple the relatively high bearish sentiment along with the plethora of negative articles being presented by analysts, it is hard to see how we can even see a deep pullback. Clearly, it is not likely that the "crash" which most have been anticipating for quite some time will be seen anytime soon. You see, markets do not strongly decline when most expect it. Rather, markets top when most are bullish, and bottom when most are bearish. A sentiment reading that is as bearish as when the market bottomed in February of 2016 is not an indication of a market top, in my humble opinion. Full Story
In this Weekend Report I would like to show you a chart pattern that seems to be showing up in a lot of different area’s of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases hadn’t broken down yet. The chart pattern I’m referring to is the bearish rising wedge. Full Story
To anyone who has researched the facts in search of “the truth,” it’s painfully obvious that the U.S. political and financial system needs to be reset. The most productive way to do this would be be build a wall around Capitol Hill and Wall Street, burn them to the ground and move the new Government capitol somewhere far from the east coast. It many ways, it’s quite fitting that the U.S. Government is physically situated on what was formerly swamp land because the Government itself has become nothing but murky, filthy and foul smelling entity populated by horrifyingly corrupt creatures. Sub-humans, if you will. Full Story
Eight years ago last week, President Barack Obama gave investors a surprisingly hot trading tip. In office less than two months, he commented that we were at “the point where buying stocks is a potentially good deal if you’ve got a long-term perspective.” Obama couldn’t have known then how accurate his call was. The market found a bottom that very week, and investors who took the president’s advice managed to get in on the absolute ground floor. Full Story
This proxy for T-Bonds has quietly slipped into no man’s land with the recent breach of December’s bombed-out lows near 116.80. Even before this occurred, TLT looked like a good bet to fall to at least 111.97, the midpoint Hidden Pivot support of the pattern shown. But it would require only a breach of the July 2015 low at 114.88 to do very serious damage to the long-term chart. If the 111.97 target is hit, it would correspond to a rise in long-term interest rates to about 3.37% from a current 3.19%. Full Story
The bullion markets offer their own commentary about conservatives’ state of mind since Donald Trump’s election. They are optimistic for the first time in years. Just look at the sales statistics from the U.S. Mint. Bullion. Coin sales have fallen sharply as investors see less reason to seek safe haven in the form of physical metal. Full Story
The best performing precious metal for the week was gold, down 2.43 percent, but still leading its precious metals peers. Gold imports by India are said to have risen nearly three-fold in February from a year earlier, reports Bloomberg, jumping 175 percent. Jewelers are restocking for the upcoming festival and wedding period that starts next month. Full Story
Incredibly, open interest (OI) on COMEX silver continues to skyrocket, now only a few thousand contracts from all time highs. Why is this happening? Answer: Hedge fund buying with other people’s money. What’s more, the options are largely viewed as sacrifice trades (hedges), seen as lost money before the trade is put on, because if they don’t pay off this means the rest of their gambling probably will. Full Story
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of saying ‘blow up’.) Full Story
Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage. Full Story
For awhile, any weakness in the NYC housing market was attributed exclusively to the high end. I am on record stating that price dynamic would spread to all price segments. It’s not rocket-science, it’s simple supply/demand/price economics. Studio rents in NYC dropped the most on record in February. This same dynamic is also beginning to happen in many of the other hottest cities across the country. Full Story
The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silver go down? The price of silver in dollar terms dropped from about 18 bucks to about 17, or about 5 percent. Full Story
Following a remarkable 9 week silver market rally, Bill Murphy of GATA.org says that the gold cartel is back in play in the silver market. Another likely explanation for recent volatility includes the upcoming stealth rate hike by Fed policymakers. Rogue economist, John Williams of Shadowstats.com says the Great Recession of 2008-2009 is still underway, contrary to the mainline media. Although the official national unemployment rate is steady at under 5%, the true unemployment rate is at least 4 times as high at 23%. Full Story
It is important to anticipate whether Stagflation is stalking because the yield curve will start pricing it in which will place equity yields, earnings and PE growth multiples at risk. We believe there are clear signs of stagflation already occurring and according to the recent Global Fund Manger Survey many already believe, if we don't have elevated Inflation and an emerging period of Stagflation, we can soon expect it! Full Story
The Seven Bowls of death and pestilence are central to the Agenda-21, the name given to the Global Genocide Plan. Its players include many recognized names among the Elite and among certain leading corporation names. They have a nucleus in the big banks and large energy firms. With destruction of economic foundations, the globalists hope to install the Global Fascist State, usurp all powers, reduce the individual to a true vassal serf, and turn the nations into a gigantic prison camp. No, the Jackass has not lost his mind. Full Story
This week’s Notes From the Rabbit Hole included a little Payrolls/Wages related economic discussion before moving on to the usual coverage of stock markets, commodities, precious metals, bonds, currencies and related indicators and market internals. With FOMC on tap there will be more data noise directly ahead, but then I expect markets to smooth out into what is looking like a sensible short and intermediate-term plan. Full Story
Yes, the famous day that Julius Caesar ignored the soothsayer happens this week. So what fireworks will this year bring? There is a lot happening. The FOMC meets and the consensus is fast becoming that they will hike interest rates another 25 bp. It also coincides with the day the current US debt ceiling ends. Finally, the Dutch elections take place on the 15th and it appears the far-right candidate Geert Wilders could be on the verge of seizing power. The race is that tight. If he does win, the Euro zone and EU could once again be thrown into chaos. Full Story
We all live in and with a debt based system, so in the spirit of Keynesianism – perhaps we might want to try “borrowing” something of very great value from the past. Catherine Austin Fitts is former asst. sec. Federal Housing Administration [FHA] at HUD in the Bush I Administration. It was during her time in government that Fitts realized government finances needed to be re-engineered from the ground up – one locality at a time. Full Story
The gold price traded quietly lower in Far East trading on their Friday — and back below $1,200 spot, with the low tick of the day printed about ten minutes before the London open. It crept higher from there until at, or just after, the noon GMT silver fix. It was sold a bit lower from there — and about ten minutes before the COMEX open, it began to rally with some real authority, but ran into the usual long sellers and short buyers of last resort. Full Story
The gold stocks bounced strongly today after the February jobs report confirmed the Federal Reserve will hike interest rates next week. While precious metals rallied strongly following the previous two hikes, I’m not so sure today marks the start of a big rebound. For one, the Federal Reserve could hike rates again in July. Second and more important, the technical setup argues for more back and forth action in the weeks and months ahead. Full Story
Markets don’t behave the same way now that they did 10 or 15 years ago. Buying breakouts or waiting for confirmation of a trend change, these days, is usually a nonsensical strategy. The strategy that is more successful these days is to buy bottoms – using a couple of different techniques. Full Story
Guillermo Barba, the Mexican financial and economic journalist, has recently published an article on his website confirming that through an information request that he had made to Mexico’s central bank, Banco de México (Banxico), the central bank has now released what amounts to a relatively comprehensive list of Mexico’s gold bars held in storage at the Bank of England gold vaults in London. Full Story
By: Samuel Rines and Katherine Morille - 12 March, 2017
Without the ability to create stimulus, even non-traditional policies—such as quantitative easing—could be rendered ineffective. The US is close to full employment, and inflation is nearing its goal. A strong economy doesn’t need the same stimulus as one that is struggling to pull itself out of a recession. The Fed must keep enough ammunition to adequately respond to an economic crisis, especially given international and domestic fiscal uncertainties. Therefore, the fact that the Fed is moving should be celebrated, not feared. Full Story
David Morgan on why you MUST own silver or gold, silver shortage, market crash 2017, GLD and SLV, and more! // Silver investing 2017, silver investing news, silver investing today, silver investing for beginners, silver investment, silver investment 2017, physical silver, physical silver shortage, physical silver demand, physical gold and silver, gold shortage, physical gold shortage, gold silver shortage, stock market crash 2017, best silver investment. Full Story
Not the best week for stocks but the bull market remains intact and a little refresh is great. Banks and biotech are acting fine along with many other sectors, with a nod to the miners late in the week. Metals showed weakness this past week as we expected, but late in the week I noticed some miners showing bounces off support areas. Full Story
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