It has now been more than a year since that fateful weekend in the Mediterranean when everything changed. However, like most of the big changes we’ve seen lately, there is a subtlety afoot that somehow results in few noticing. This should surprise no one really. How the world can change in such dramatic ways without any type of mass awakening is a topic more for the psychologists who help pull the strings and the evil they represent than for anyone involved in the analysis of economics and events, but I say the above so that you know you’re not kidding anyone. Full Story
It appears the Fed’s “Tapering” is being at least offset by Belgian Buying. This and other shenanigans like Bogus Official “statistics” (see Note 1 re Shadowstats.com) make the 2013 Equities Bull Run and the recent Equities Market Sell-Off unsurprising to us. Indeed, much of our writing is devoted to separating Truth from Spin in order to facilitate more Profitable and Wealth Protective Investing. Thus we offer the following mini-buffet. Full Story
By: Steve St. Angelo, SRSrocco Report - 18 April, 2014
The distinguished analysts from Goldman Sachs reiterated their 2014 forecast for gold to hit $1,050 by the end of the year. They believe the paper price of gold will continue to decline as the supposed "Powerhouse" U.S. economy picks up speed and accelerates growth. If someone recently had a frontal lobotomy... this forecast might make perfect sense. On the other hand, if a person belongs to the 95-99% group of Americans who believe everything coming from the Boob Tube, this forecast is exactly what the doctor ordered. Full Story
By: Adam Hamilton, Zeal Intelligence - 18 April, 2014
The lofty stock markets are starting to wobble, with selloffs’ frequency and sharpness increasing. The dominant reason the Fed’s stock levitation is running out of steam is severe overvaluation. Stocks are just far too expensive today compared to historic precedent, a dangerous state seen when bull markets are topping. Rampant overvaluation is a glaring warning sign to investors that selling is just beginning. Full Story
Indeed, on the day the CME is shut down or the COMEX defaults, prices will probably go down "to save us from ourselves will be the commentary". Because no one wants to live in a world where reality or fundamentals are expressed. And when silver breaches $100 for the first time, it will be promptly dropped to below $50 two months later over concerns of industrial shortage. Indeed, absurdity has become reality- one which begs for even a tiny slice of precious physical allocation. Full Story
Judging by the precious metals forums, its confirmed…everyone is bearish and short gold and silver, waiting for Goldman Sachs prediction to come true. But what if they’re wrong? More importantly, how will you know if those prognosticators are wrong and if they are wrong, won’t the precious metals take off due to the wrong-sided short covering? Full Story
Bail-ins are a new way of "rescuing" banks and other financial organizations that have been sweeping around the world, even as they rewrite the rules for investors and depositors. Bail-ins have already occurred in Cyprus with their banking system, as well as with the retirement system in Poland. The European Union is on board in rapidly implementing bail-in standards, and they are under intensive scrutiny by regulators in the United States, with ratings on some major US bank securities already being changed in anticipation of the potential for bail-ins. Canada has announced its intentions in this area as well, and Japan is moving rapidly. Full Story
Why has the level of employment in the US been falling? One would think that with a growing population and supposedly an economy that is improving that more of the population would be employed. It is not the case at all. Instead, the level of civilian employment to the population as a whole has been falling since 2000. It currently sits at levels not far above the high of the 1950’s and 1960’s a period when it was considered fairly normal that in a household the husband worked while the wife stayed home. Full Story
We use shorter term charts to manage the shorter time frames. Daily charts have most recently indicated a bearish set up as bear flags formed across the precious metals complex (with the exception of silver, which never got going to begin with) last week. Weekly charts continue to indicate that an extended and oh so grinding bottom may be forming, but that includes the potential for ups and downs, also known as volatility. Full Story
There are many common traps that retirees or soon-to-be-retirees fall into. We’ve laid out the top 10 here to help you avoid these pitfalls. Don’t be surprised if you find yourself falling into some of these traps – many have. But it’s important to be aware of them and plan accordingly to make sure you have the retirement you’ve planned and worked for. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 17 April, 2014
When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower. Instead she has pursued a variety of misguided nation-building adventures and has largely shrunk from her primary responsibility of neutralizing the ambitions of petty dictators around the world. From this perspective, America's multi-generational expenditures on military personnel and equipment has become more of a stealth economic stimulus program rather than an insurance policy for global stability. Full Story
By: Alasdair Macleod, Head of Research, GoldMoney - 17 April, 2014
Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis. That moment could be drawing upon us, signalled by the recent collapse in bond yields. Full Story
Since there is a lot of talk about a potential gold re evaluation following an international monetary reset, I wanted to interview David Morgan, renowned silver market analyst, in order to have his views on a couple of topics, including silver evolution, silver manipulation, and the potential price of silver after a financial reset. Full Story
Sometimes pictures are far more effective in communicating an important point. They are extremely effective in undermining respect and confidence, when in the cartoon format. A sequence of graphics struck the cognitive circuits recently. Long explanations will not serve well. The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. Full Story
By: The Gold Report and Raymond Goldie - 16 April, 2014
Dr. Copper may be in a supercycle, but there are serious problems. In this interview with The Gold Report, Salman Partners' Vice President of Commodity Economics Raymond Goldie explains why even though the base metal acts pathologically and has a bad case of seasonal affective disorder, there are still plays out there that can buck the trend. Full Story
By: Louis James, Chief Metals & Mining Investment Strategist - 16 April, 2014
In many of my conversations with legendary speculator Doug Casey since the crash of 2008, Doug has talked about a coming super-bubble. Everything Doug has studied about human nature, history, and economics—from Roman times right up to the present—has him absolutely convinced that the global economy is headed for high inflation, with a very real potential for hyperinflation in the US. Full Story
No one has ever claimed that the financial markets are a level playing field. Equities, bonds, currencies, options and futures are not arenas that operate by equivalent standards for all parties. Great fortunes were built not by chance, but on superior information, known to the few. Professional traders are not risk gamblers, but operate on the premise of special advantage. Through advance and proprietary techniques that reduce exposure hazards and provide exclusive head start triggers, which virtually guarantee profits, the elite firms dominate Wall Street. Full Story
In 2014, Americans will pay $3 trillion in federal taxes and $1.5 trillion in state taxes. Believe it or not, according to the Tax Foundation, that means more of your income is being spent on taxes than on food, clothing and housing combined! Full Story
Gold’s price is currently supported by Indian gold jewellery demand that is essentially inelastic, but temporarily muted. Most weak hands in the West are out of gold. That’s good news, but until the Indian election results are in, it’s unlikely that gold will move much higher, or fall much lower. Full Story
Richard Russell thinks the stock market is currently dangerous and that silver and gold are safe. He understands that gold and silver are eternal wealth with NO counter-party risk. What is counter-party risk? It is the risk that paper wealth is not real, that debts will not be paid, that dollars, yen, and euros will decline in purchasing power, that your employer will declare bankruptcy and your pension will be cut in half, that your brokerage account will be hypothecated by management, that your bank will declare bankruptcy and your deposits in that bank are unsecured liabilities of the bank and may not be paid either timely or in full. In short, there is counter-party risk in almost everything. Full Story
By: Louis James, Chief Metals & Mining Investment Strategist - 15 April, 2014
It is with a troubled heart that I look at the continued fighting in eastern Ukraine. I worry about my friends and students in the country who may well be in physical danger soon, if the conflict escalates. As an investment analyst, it’s the financial war the Russians seem quite willing to wage that has my attention. Full Story
The bankers’ ponzi-scheme – which began with the distortion of free markets in 1694 when the Bank of England began issuing debt-based paper banknotes alongside the Royal Mint’s gold and silver coins – is coming to an end. Full Story
By: Steve Saville, The Speculative Investor - 15 April, 2014
On the US monetary inflation front, the news is that there isn't much in the way of news. As depicted below, the year-over-year rate of TMS (True Money Supply) growth hit a 5-year low of around 7% at the end of last year and has since edged a little higher. Full Story
When we take a look at the price of gold relative to other commodities, we’ll see that its recent move higher has been very poor and that it’s been declining since the beginning of the year with only a few moves higher. The above chart is one of the reasons for which we think the medium term trend for the precious metals sector is still down and that the final bottom has not yet been reached. Full Story
By: The Gold Report and Michael Berry - 14 April, 2014
An overinflated equities market could be good news for metals and mining stocks. In this interview with The Gold Report, Morning Notes Publisher Michael Berry shares two scenarios that could follow an imminent crash and tells us how to ride the coming gold wave to portfolio success. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 14 April, 2014
The Federal Reserve Bank of New York has contradicted the assertion of its former vice president that it has provided gold accounts to bullion banks. The assertion of such accounts was made by H. David Willey, the former New York Fed vice president in charge of foreign central bank accounts and the gold vault at the New York Fed, in a speech given in May 2004 to the American Institute for Economic Reserve in Great Barrington, Massachusetts. Full Story
With further liberalization associated with everything from the earned income tax credit to tax-payer funded sex change operations for prison inmates, no matter how ridiculous, in one way or another the checks just keep coming, ‘a check in every mailbox’ if you will. Of course if you plan to run an increasingly socialistic and intrusive political system, masking the neo-fascism envisioned by the powers-that-be, then you need ever-increasing giveaways to keep the mob happy and distracted, because in the end even the most ruthless oligarchs will find a grizzly end once the party stops. Full Story
The relationship between the Dow and silver has been very consistent during the last 100 years. After each of the major Dow peaks (real, not necessarily nominal peaks), we eventually had a major bottom in silver. Full Story
In this Weekend Report I would like to look under the hood of some of the precious metals stocks indexes to see what is really taking place. We’ll look at a bunch of PM stocks to get a feel for where we are in the short, intermediate and long term pictures. When one just observes an index you really don’t get to see, in detail, the stocks that make up that index that could be showing some important clues to the overall big picture. For instance, there are just three or four of the biggest of the big cap precious metals stocks that account for a large percentage move for say the HUI. There are many more stocks in the index but they don’t carry as much weight. Full Story
Did you know that over the last year the Greek stock market is up roughly 45 percent? The country that many believed would never recover from a six-year recession is now making astounding strides, recently being added to the MSCI Emerging Markets Index at the end of 2013. As I’ve witnessed new strength from this “comeback country,” along with a rise in foreign investment into emerging markets as a whole, our investment team is currently strategizing to adapt our game to new European plays. Full Story
James Turk, from GoldMoney.com, co-author of the bestseller: The Money Bubble, returns to the show with an update on gold backwardation. Gold has been back-dated in 90 days out of the past 180 days, an unprecedented event. Best-selling author and head of Leeb's Market Forecast, Dr. Leeb says that once the EU follows in the Fed's footsteps, applying its own version of QE economic-stimulus, the commodities market and the precious metals sector could benefit as investors seek a safe haven to protect their purchasing power. Full Story
For the last 25 days I’ve been traveling in Argentina and South Africa, two countries whose economies can only be described as fragile, though for very different reasons. Emerging-market countries face a significantly different set of challenges than the developed world does. These challenges are compounded by the rather indifferent policies of developed-world central banks, which are (even if somewhat understandably) entirely self-centered. Full Story
For the past year, we have been saying that the charts for gold and silver are likely bottoming in a normal manner, and it takes time for a this kind of formation to complete itself. It remains the case, to date. What is likely to cause a sharp price reversal to the upside for gold and silver? If both were allowed to simply adjust to inflation, you would see a fairly substantial rally. Given that will not be the case, what will be a/the catalyst for a precious metal [PM] change in trend? Full Story
A wild wild week for major US markets and many leading stocks. After falling hard we saw a bottom late Monday and we were lucky enough to buy several leading fast movers late Monday and we saw them rise sharply into Thursday where we didn’t nail the top and gave back some profits but all in all, we had a great week. Full Story
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