When gold starts moving higher, it’s going to direct a lot of attention towards gold stocks. When people get gold fever, they are not just driven by greed, they’re usually driven by fear as well, so you get both of the most powerful market motivators working for you at once. It’s a rare class of securities that can benefit from fear and greed at once. Full Story
It’s surprising to me that libertarians take presidential campaigns as an opportunity to promote small government candidates — or in some cases establishment candidates with a sprinkling of libertarianism in their rhetoric — when they could be using this time to advance their vision of a stateless society. One reason they don’t, of course, is that many of them don’t support a stateless society. They want the state, but much less of it. Coercion in small doses is just fine. Full Story
Throughout this entire correction or crash as many naysayers would have you believe, we have stuck to the same theme; the stronger the pull back, the greater the buying opportunity. We also stated that the Fed would be forced to change its stance on rate hikes and eventually it would have to join the negative interest rates club. Nothing has changed, strong pullback should still be viewed as buying opportunities. However as we live in such uncertain times, it would be prudent to add some Gold and Silver bullion to your portfolio. Full Story
By: Adam Hamilton, Zeal Intelligence - 18 March, 2016
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull market in 2016 remains tiny in the grand scheme. This new bull has barely begun. Full Story
The world will eventually run out of silver, and it will happen soon. Roughly one billion ounces of stockpiled silver has been consumed over just the last decade alone. The numbers don’t tell us that this silver default might happen, they tell us that it will happen. Full Story
As a dumb human, I only know that in February everybody was bearish and in March most people are getting bullish. I also know that the market has done what we thought it would do (target: 2000-2030) and more. What goes on now will surely be interesting. The preferred plan was per this simple weekly chart of SPY, produced when the market was still bottoming. We projected the bounce to current levels where an optimal short, amid over bullish sentiment could work out. Now, will the machines play ball or do they see something else? Full Story
The campaign rhetoric so far indicates that a Trump-led Republican administration would implement “big government conservatism,” policies, financed by increased borrowing and money printing. This would put upwards pressure on gold prices. A YouGov poll [1] released yesterday indicates that Donald Trump’s support among Republicans as their nominee for president, has risen above 50%. Full Story
Another key element that I think will help gold is the price of oil. It’s unlikely oil prices are going to crash from here down to the $20 or $15 level. Like when when gold was $1900 and people were calling for $2500, oil in the $26 range might have been its low. If so, an anchor do deflation around the “neck” of gold will be removed. Add to that the Fed’s actions to let inflation out on “holiday” should add to higher prices. Full Story
Chris welcomes Dr. Stephen Leeb, best selling author and head of The Complete Investor. After a string of 7 best-selling financial tomes, Dr. Leeb is writing his magnum opus on the gold market, which he refers to as the last great bull market. Unlike stocks / bonds that typically require brokerage accounts and intermediaries, gold and silver can be purchased and held on hand. Rare earths, graphite, germanium and related minerals could also boost investment portfolio returns. Full Story
You might ask "what does this have to do with finance or economics"? In no particular order, it has EVERYTHING to do with economics and finance! Whatever happens will certainly affect the dollar (the currency of any nation is the equivalent of its common stock). Future policy will affect the dollar as well as how foreigners view what happens. Interest rates, stocks, real estate, everything imaginable will be affected. Full Story
By: Steve St. Angelo, SRSrocco Report - 17 March, 2016
What on earth would happen to the Gold and Silver Markets if the Dow Jones Index was decimated by 30-50%?? I believe it would cause Mainstream investors to move into gold and silver in such a forceful way, that it would totally overwhelm the supply causing the prices to shoot up much higher. And the higher the price of gold and silver would go, the more Mainstream investors would pile in. Full Story
Coming up we’ll hear from David Morgan of the The Morgan Report to get his take on the advance in the metals so far this year, how long it’s likely to continue, and whether or not the Silver Guru is concerned that silver is lagging gold during this rally. Don’t miss a fantastic interview with David Morgan coming up after this week’s market update. Full Story
For a long time, we have been stating that the Sell-off in both the Ruble and the Russian stock market provided the astute investors with a great long-term buying opportunity. Well, this chart proves that things are getting better and that the Sanctions that the West imposed on Russia at the behest of the America was a stupid idea, but more importantly, it has made Russia even stronger. The chart below is proof of this; inflation is down over 50% year over year. Translation things must be getting better. Full Story
This thing now looks like it is going to try to test $1270 once more. It has garnered willing sellers above $1275 and has not been able to spend much time above that level before moving lower but that was before we knew how dovish the FOMC was. Whether or not that is a game changer is unclear but the Fed certainly did take one of the factors that would have been considered a negative away from gold with their statement today. Full Story
I built this chart using a line chart and then leaving the trendlines in place I converted to a bar chart. As you can see it has been backtesting the neckline for the last week or so along with the 200 dma. This chart shows a reversal pattern which sets up a downtrend of some kind. This is an important development. Full Story
He who has the gold makes the rules. The “world” in the East has never ceased to recognize the Golden Rule. The “world” in the West now contemptuously scorns this eternal wisdom. Another expression long forgotten in the arrogant West: pride cometh before a fall. Full Story
Egon says that approximately less than half a percent of assets are invested in Gold today by the people and that most of them do not own any Gold whatsoever. Even with the risky stock market in recent months we have not seen a significant increase in the purchase of Gold as an investment itself. However the increase in Gold purchases is linked more closely to the retail market for public use. Full Story
It has now come to light that on Tuesday 8 March, the Banco Central de Venezuela (BCV) sent another 12.5 tonnes of gold by air freight to Switzerland (via Paris), and fascinatingly in this instance, the exact details of the transfer are already available, including the cargo manifest, courtesy of Venezuelan newspaper El Cooperante which broke the news on 11 March. Full Story
Central bankers have conned the masses (even the hard money experts) over and over again. The theme has always been that the Fed will screw up one day and then all hell will break loose. Let’s stop right there. One day when, today, tomorrow, 20 years, 50 years, etc.; will you even be alive when and if this day does finally arrive. Many of those who thought Gold would continue soaring to the moon in the 80’s were stunned when Gold peaked and embarked on a spectacular crash. The point to remember is that Wall Street is full of Tomb Stones of individuals that were right but could not stay solvent long enough to benefit from their convictions. Hence, follow the trend, for everything else is your foe. Full Story
The other day I bumped into a small but potentially important news item on the website of the Shanghai Gold Exchange. The article was published in Mandarin, of course, as the Chinese (authorities) hardly ever publish valuable information in English – most articles published in English have been intentionally written to communicate what the State Council wants the West to hear. In the article it’s described a financial delegation from Kazakhstan visited the Shanghai Gold Exchange (SGE) to discuss cooperation in gold trading along One Belt One Road (OBOR), also referred to as the new Silk Road, that reaches over the whole Eurasian continent. Full Story
Global uncertainty abounds. Conflicts, depressions, crashing stock markets. This is all part of our everyday financial life, but yet the world keeps on ticking. The banking elite have kept things together through unprecedented money printing, through shady accounting, and through sending the West deeper and deeper into debt. Full Story
Is the dollar's seemingly relentless rise in recent years coming to an end? What are the implications not only for the greenback, but other currencies and markets around the world? Full Story
Gold took the exit ramp south Monday, meeting expectations that the nearly three month rally was poised to stall. With the Fed decision on the menu for tomorrow afternoon, fresh near-term catalysts for gold will likely be served a la carte. How participants and pundits receive and consume the Fed’s offerings largely depends on the tone in the communiqué and how participants choose to handicap future action. Full Story
This past week, much was written about expectations regarding the ECB actions. The wide consensus was that the Euro was going to tank and the metals would tank with the Euro. However, that is not exactly what we saw. Full Story
This post is a plea to my fellow Gold and precious metal investors to take another look at Bitcoin. We have seen a substantial rise in interest for Gold as of late which has caused many of my fellow Gold and Silver writers to begin writing about the return of the good old days when we were sitting on our mounds of pirate treasure with grins from ear to ear. I admit that I miss those days and so do many of my clients. Full Story
Again, there is NO ONE who dislikes the criminal co-conspirators of the CFTC more than yours truly and, of course, the reports they construct may all be total hogwash that's designed to mislead as many as possible. Today, though, let me remind you of the data so that you can make your own, informed decisions. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 15 March, 2016
On February 20th, UK Prime Minister David Cameron announced that the 'in/out EU referendum' he had promised in the campaign for the last parliamentary vote would finally take place on June 23rd. The outcome of the long-promised vote could have a tremendous impact not merely on the future of Mr. Cameron and his coalition but on the economic future of Great Britain and much of the world, including the European Union (EU) and the United States. It's arguable that the referendum will be the most significant vote the world will see between now and the U.S. presidential ballots in November. Full Story
So grab some popcorn and some beer and get comfortably ensconced in your favorite chair as you are about to witness the second great robbery of the past six months as the incarceration-insulated bullion banks once again reach into the deep pockets of pension funds, technical funds, private investors and you and remove all money, jewelry and valuables as surely as Goldman Sacks pay bonuses at year end…and no one can or will do a thing about it. Full Story
I have listened to most of the debates. Candidates on both sides of the aisle have made statements that under their presidency such and such a thing would happen. I sometimes wonder where they are getting their advice. Let me be clear: every candidate does this. And yes, some do it more than others. With all the political shooting from the hip that’s going on, I think it might be instructive for us to look at what the leaders, not just of the United States but of the whole world, are facing as they attempt to make decisions today. Full Story
When it comes to analyzing long-term trends, the 10-month moving average has been a great metric for charting long-term bull market vs. bear market changes. The 10-month moving average has been a great metric for charting long-term bull vs. bear market changes. Full Story
The Gold Miners have started the year with a cracking rally pretty much as they started last year. They have finally broken out of their downward trend which has been in place for around 4 years. As we write the HUI currently stands at 169.44 which is well off its recent lows, but is some 73% below its previous high of 630. Full Story
By: Shadow of Truth, The Daily Coin - 15 March, 2016
In 2015, 20 of the 30 companies in the Dow Jones Industrial index reported non-GAAP earnings. For 18 of these 20, non-GAAP EPS was higher than GAAP. On average, non-GAAP earnings were 31% higher than GAAP for these 20 companies. In 2014, non-GAAP was 12% higher than GAAP for the non-GAAP reporting companies (FACTSET.COM) This illustrates the degree to which companies are now going to disguise and/or fabricate their earnings. Full Story
As the Middle East’s main business hub, Dubai is the most populous city in the United Arab Emirates (UAE) and home to the world’s tallest manmade structure, the 163-story Burj Khalifa, which climbs to a neck-craning 2,717 feet. Designed by Adrian Smith, who attended Texas A and M University, the Khalifa Tower is an engineering marvel and stands as a symbol not only of the futuristic and forward-thinking look of this oil-rich country but also its emphasis on seeking intellectual capital from all over the world. Full Story
Judging from the emails I received today and the discussion in the chat room, April Gold’s slide from 1288 to 1230 over the last two sessions has brought bears and doubters out in force. Technically speaking, however, even if the selloff were continue all the way down to $1145, a further $80 below Monday’s settlement price, that would still represent just a ‘normal’ 0.618 retracement of the explosive rally launched from early January’s lows. Would that be healthy? Full Story
It is possible the NIRP virus will mutate into the NIR-BAM virus. The Negative Interest Rate with Bank Account Mandatory virus would require that all cash be deposited into bank accounts that are “taxed” each year with negative interest rates. In other words, you can’t win and you must play the game. The NIR-BAM virus is spreading in Europe and Japan, and a few early signs have been seen in the U.S. An outbreak or epidemic is possible. Full Story
The current monetary policy is stuck in place. It is highly destructive to banking systems, working capital, and financial markets. Yet it continues ad infinitum, actually until the great collapse. A systemic Lehman event is in progress, as the global financial structure is collapsing. The only remedy is the Gold Standard installation, which is happening, but its architects are from the East. They are labeled as enemies, when the root problem is in the Western banking hive. Full Story
This one-way and short-term stretched rally in precious metals is all about DUST. (See here) It’s all about the insane behavior of hedgers and speculators watching what is a very overbought condition in the sector, and buying DUST to capitalize on the inevitable and pending correction that never comes. (i.e. because they continue to increase the open interest in DUST while driving the put / call ratio down, which is bullish because this is an inverse fund.) Full Story
It is this very simple core reason that gold (and silver) which are no one else's liability will be seen for what they truly are. Real money, the ultimate in real assets and no one else's liability! There is a very big difference between an asset and a liability, the world is about to "schooled" on this fact! Full Story
And this ladies and gentlemen is where history offers a viable hedge against the uncertain times which most likely will mirror the Depression of the 1930’s! It is not a question of “IF” but only a question of “WHEN” “The Trigger” is pulled bringing about the change that very few can even begin to comprehend! Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 14 March, 2016
Bloomberg News tonight published a report, excerpted below, headlined "Ignored for Years, a Radical Economic Theory is Gaining Converts." It's called Modern Monetary Theory, but there's nothing radical about it; to the contrary, it's a tautology. That is, governments not only create money but can create as much as they want, restrained only by the prospect of currency debasement and the market and political reaction to it. Governments can't "run out of money" any more than the college basketball tournament basketball games about to begin in the United States can run out of points. Full Story
Conclusion: gold and silver Commercial shorts are at “nosebleed” levels calling for a smash soon, which might be precipitated by the Fed next week. Copper, after looking bullish for weeks, suddenly looks vulnerable, with Commercials rapidly liquidating nearly all their remaining longs. The broad stockmarket COTs are ever more bullish, suggesting that the Small Specs, who have been piling on the shorts, are going to be slaughtered. Oh, and by the way, my mistake, 40,000 coffins. Full Story
Chris welcomes Dr. Martenson from PeakProsperity.com - the co-author of Prosper! is watching the crude oil market for signs of a double bottom pattern. Gold is higher by about 15% so far this year and remains strong, rebounding sharply from oversold conditions. The Silver Investor David Morgan and the host discuss the best annual start in the PMs sector in 35 years, according to The Economist magazine. Our guest expects the short covering bonanza to continue for a month or two as retail investors regain confidence and push their chips back into the market. Full Story
The combined contracts in the COT index funds are net positive 29 billion. The biggest, smartest, and best capitalized traders in the world are bullish, and not just mildly bullish, they are heavily bullish. What do they know that Joe Sixpack retail trader armed with his stockscharts subscription doesn’t? Full Story
At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $1260/oz after reaching as high as $1287/oz following the ECB decision. Corrections in both Gold and gold stocks have been limited to swift declines lasting no more than two days. While we cannot predict the future, we think there is some chance that Gold could reach Gundlach’s target before a sustained correction. Full Story
By: Steve St. Angelo, SRSrocco Report - 13 March, 2016
It’s no secret to the precious metal community that silver is one of the most undervalued assets in the market, however 99% of Mainstream investors are still in the dark. This was done on purpose to keep the majority of individuals invested in Wall Street’s Greatest Financial Ponzi Scheme in history. Full Story
By: Gordon T.Long and Jeffrey Snider - 13 March, 2016
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. Jeff joined Atlantic Capital Management, Inc., in Buffalo, NY, as an intern while completing studies at Canisius College. After graduating in 1996 with a Bachelor’s degree in Finance, Jeff took over the operations of that firm while adding to the portfolio management and stock research process. Full Story
Gold was under pressure for the entirety of the session today but seemed to especially weaken into the late afternoon hours as the US equity markets kept pushing higher and went out near the highs of the day. That more than likely will translate into additional downside followthrough in Asian trade Sunday evening. Where it goes after that will depend on whether or not dip buyers show up. Full Story
Gold spent the week mostly consolidating and setting up for higher and ended the week down just 0.06%. I’m not so thrilled to see the Friday failed breakout since if it can’t got higher, it often goes lower, but as long as we stay above $1,240, the next move will be higher. A break above $1,280 remains the buy level with $1,420 coming in as the next major resistance level to watch for. Full Story
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