It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and even authored a book in 2006 titled Gold Trading Boot Camp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. He's a highly sought-after presenter at financial conferences and is a regular guest on financial shows throughout the world. Full Story
Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books. It began after I had been speaking with one of the finest brokers I had ever had the opportunity to know, Edmonton’s late George Milton, whose claim to fame was being the early financier for Bre-X (Not to worry, he and the bulk of his clients were long gone by the time the fraud was revealed). Full Story
The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs. The major gold miners’ just-reported Q2’17 results prove this sector remains strong fundamentally, and super-undervalued. Full Story
The NY Fed offers a ‘custody gold’ storage service to its customers, customers which are exclusively foreign central banks and international financial institutions, except notably, the US Treasury is also a gold storage customer of the NY Fed. The Fed’s gold vault, which is on level E (the lowest level) of its basement area under its downtown Manhattan headquarters, open in 1924, and has been providing a gold storage service for foreign central banks since at least the mid-1920s. Full Story
Wars are usually financed with debt – borrowed currency. The extra currency in circulation creates price inflation. Silver prices, along with most other commodities, rise due to currency devaluation. Silver is used in war materials and war production, so demand rises, which also causes prices to rise. Conclusion: We expect silver prices to rise at the beginning of new wars or the escalation of major and costly wars. There is little doubt that both World Wars and the Vietnam War were costly and important to the U.S. economy. Full Story
Reading most metals analysis in 2017 has been like watching a tennis match with the analysis going back and forth over the net between bullishness and bearishness. As the market reaches its highs, analysts turn bullish, and as the market reaches its lows, analysts turn terribly bearish. And, when the sentiment of the market has reached these extremes, it has marked the point in time when the markets have turned. Full Story
At Thursday’s close, the futures looked likely to achieve a 2415.75 downside target that I posted in the chat room at 13:27, when this vehicle was trading 30 points higher. The target, a Hidden Pivot support of middling importance, is sufficiently clear and compelling that we should expect to see a tradeable bounce from it. However, if the selloff is going to prove to be the start of something much worse, then the September contract should slice through the pivot as though it were not there. Let’s see how it goes before we rush to judgment. Full Story
The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for U.S. citizens to store their gold in the hopes that it will be outside the reach of the U.S. Federal Reserve. Full Story
The date was July 12th and we wrote an article titled: “The Gold Direction Indicator Just Turned Positive”. Less than three weeks later price had advanced by $60. Well here we are, and the GDI just turned up from 52% to 79% (fully bullish). Following are some charts that support a Rising Precious Metals Scenario. Full Story
Any thoughtful individual who has witnessed the chaos in Washington would say that something has gone fundamentally wrong with our system of governance and it began way before Donald Trump entered the White House. Through all of this I keep coming back to the seminal book published in 1997 by William Strauss and Neil Howe titled The Fourth Turning. In that book the authors predicted much of what has happened in America over the past twenty years. Full Story
If an investor gages the status of the gold market by popular headlines, they might come to the wrong conclusion. And take the wrong action. They might assume interest in gold is on the decline, or that the price may fall, or maybe even sell their holdings. But if global gold demand is actually much stronger than what is generally reported, the opposite conclusions are drawn: more people than ever want to hold gold right now, and the price will ultimately head higher once the fears those investors have begin to play out. And they’d take the opposite action: continue to denominate their savings in physical metal. Full Story
When I look at the precious metals markets all I see are the numerous anomalies that are screaming value and opportunity. The constant machinations of the bullion banks manipulating the markets and holding back Mother Nature has created distortions in the market place that present a real opportunity. Let me explain. Full Story
An article, authored by Katy Burn, for the WSJ, “6,200 Tons of Missing Gold?”, and transmitted through Fox News, reached out to some of the most studied people in the world about gold being stored in the FRBNY, one would presume, to gather some insight as to the gold being stored in this location. Why is the mainstream media reaching out to people that are known to research, question and distrust the official narrative regarding gold being held by the Federal Reserve? Full Story
Gold's daily cycle low still lies ahead of us. This video discusses how gold related investments are likely to perform after gold reaches its upcoming bottom. Full Story
Gold’s tedious shenanigans should not cause us to take our eyes off the little sonofabitch for too long, since we might miss something interesting. Like now, for instance. The December contract has mildly caught fire and is making another run at 1301.20, a very important midpoint Hidden Pivot resistance that has stopped promising rallies three times since April, including one earlier this week. This is a very crucial obstacle, since once decisively above it the December contract would be no worse than an even-odds bet to reach 1462.70. How decisively? Full Story
The Neocon – Zionist drive for world domination is set to be brought to a screeching halt by something as simple as GOLD. This article is not politically motivated – the writer has no political agenda or affiliation – and the motivation for producing it is to enable you to understand the pivotal role that gold will play in thwarting the Empire’s imperialist ambitions, and how this means that the price of gold – and silver – will skyrocket, and sooner than many think possible. When you know that this is set to happen, and you understand the key reasons why, you will be able to position yourself to profit greatly from this profound and seismic global shift. Full Story
Long credit cycles like the current one always end with a crash. But first they deteriorate. The headline numbers remain positive while under the surface a growing list of sectors start to falter. It’s only when the latter reach a critical mass that market psychology turns dark. Full Story
I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element. It doesn’t play by the same rules as iron or tin or aluminum, and its value has nothing to do with its utility—or lack thereof. People valued the yellow metal for its beauty and malleability eons before they knew of its usefulness in conducting electricity or its chemical inertness. Full Story
While everyone is focusing on political issues, the NY Fed published a stunning report on the state of the US consumer. According to the NY Fed, the average US household has hit a new record for debt, surpassing the old record set at the peak of the 2007 bubble. Put simply, the average US household today is more in debt that it was in late 2007: the former peak of a massive debt bubble. Full Story
If Iran is capable of ratcheting up its program in a matter of weeks to enrich uranium to 20%, that means it has been purchasing and stockpiling all the equipment it needs to do that because such equipment cannot be built and installed that fast. So, the equipment is “stored” in a manner that is ready to go. That, in itself, probably violates the terms of the agreement (known as the “Joint Comprehensive Plan of Action”). Full Story
Alright, let’s start by getting the B.S. out of the way – of how stocks are rising, and bullion falling, due to the “diminished Korean threat.” To start with, amidst supposed investor “terror” of nuclear Armageddon, the VIX, even at its most “terrifying” point, barely rose – whilst the stock market had exactly one bad day; during which, care of the PPT, the “Dow Jones Propaganda Average” fell just 0.93%. Conversely, the “safe-haven surge” into PMs produced exactly one violation of the gold Cartel’s long-standing “1% rule”; during which, gold rose by…drum roll please….1.2%. Full Story
Wars are costly, kill people and produce little. Governments like wars because they create demand for production of war materials. More production means a higher GDP (even if the concept means little). Politicians point to higher GDP and claim it is good. More production creates employment. Everyone wins, unless the bomb fell on you. Unless the drone targeted you. Unless you live on a fixed income and prices continue to rise. Unless you are a soldier and were injured or killed. Full Story
As human beings, we all have a limited life span. And, as one generation fades away, we often see the next generation growing in its shadow, but forgetting the lessons learned by those who came before them. Sadly, it is a fact of life. Today, we see the stock market and certain assets like Bitcoin rising to heights never imagined by market participants even 5 years ago. Yet, we believe the reasons for the rise in price are different today than they were in generations past. Full Story
Since 2011 gold has traded sideways against the yen. Since 2013 it has been coiling in a very positive symmetrical triangle pattern. An upside breakout would usher in a major move higher for gold against both the yen and the dollar. Since 2013, the Indian market has been dealing with major duty, import rule, and hallmarking issues. The process has weighed on demand since 2012. Full Story
Today I am going to lay out the case of a major market top and how it fits into the geopolitical backdrop of today. We then profile the trade set-up to look for and finally I will forcefully remove your Rose Colored Glasses you have been wearing since January 2017. In Barbara Tuchman’s “The Guns of August” she argues that August 1914 was when the Gilded Age died and the modern era actually began. The book opens with the famous depiction of Edward VII’s funeral in 1910 attended peacefully by all the kings of Europe. Full Story
As expected, the Fear Trade boosted gold on safe haven demand. The yellow metal finished the week just under $1,300, a level we haven’t seen since November 2016. Last week, Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, said it was time for investors to put between 5 and 10 percent of their portfolio in gold as a precaution against global and domestic geopolitical risks. Full Story
On Sunday evening, August 15, 1971, President Nixon told the American people the U.S. would “suspend temporarily the convertibility of the dollar into gold or other reserve assets” as a means of defending the dollar against “the speculators.” This was one part of his New Economic Policy, a phrase borrowed from communist Vladimir Lenin, which included a 90-day freeze on prices and wages, and a 10 percent tax on imports. Gary North points out that Barron’s editor Robert Bleiberg, in a 1974 speech at Hillsdale College, thought the price-wage freeze was perhaps a ploy to distract attention from the “unthinkable” act of severing the dollar’s last connection to gold. Full Story
Investors will get wiped out as the stock and real estate markets fall by 50-75%. Unfortunately, most investors, even the precious metals investors, do not understand the dire predicament that the U.S. and world faces as the energy sector continues to disintegrate. I discussed this in detail with Dave at the X22 Report. We started the interview by chatting about the highly inflated U.S. Retirement Market and how more funds are being paid out to retirees than is coming in. This is the beginning of the last stages of the Biggest Ponzi Scheme in history. Full Story
The precious metal sector has been a very frustrating sector to trade throughout most of 2017. And honestly, that doesn’t look likely to change any time soon. Full Story
As a lot of you know, Lynette Zang has been under fire after the interview with SGTReport about the ACChain being tied to the SDR. There have been several people to argue that she is 100% wrong and made videos showing what an SDR is, “calling the IMF”, having roundtable discussions and a variety of other attacks from former hard asset community members turned digital profiteers. The question I have is this – when was the last time a policy, bill or law was implemented then shelved and never used for it’s intended purpose? How many of these people have discussed the SDR with the Chief of the SDR or read any of the documents surrounding, not only the Original SDR but the M-SDR? Full Story
In a previous article, I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article. Now, if those similarities continue, then the Dow will continue much higher from this point on, while gold will go into a long-term bear market. However, I have also pointed out that there are just too many fundamental obstacles, that would make such a scenario almost impossible. Full Story
Moreover, stocks finished down during August options expiration week in six of the last seven years. So there is also a negative historical pattern for this week. However, something much worse than all of this is brewing in the financial system. The junk bond market has broken out of a rising wedge pattern that formed since the 2016 lows. Full Story
It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr Celente is a well-known trends forecaster and highly sought-after guest on news programs throughout the world and has been forecasting some of the biggest and most important trends before they happen for more than 30 years now. It's always great to have him on with us. Full Story
August is a sultry month for stocks as markets thin out during the dog days of summer. Everyone leaves investing for a break from the heat. Statistically, August is the worst month for overall stock performance, while September delivers more of whatever August sends its way or brings its own dark surprises. After that, October loves a surprise and is the worst for having the most major crashes. Full Story
The best performing precious metal for the week was silver, which was up 5.18 percent for the week on back of a strong 2.52 percent rise in gold amid soft inflation and a weaker U.S. dollar. Gold traders and analysts surveyed by Bloomberg are bullish for the eighth week. Looking over the longer term, gold-backed exchange traded products have seen a resurgence in demand, particularly in Europe. Full Story
The outlook for precious metals has changed quite a bit over the last month. In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has turned bullish and with the help of a correcting stock market precious metals could build on their recent rebound. Full Story
Any dollar-generating business should borrow in dollars. That way its short position is in the same currency as its long position. Its short position is its debt, and its long position is its revenue stream. When the currencies of liability and asset match, then the business has no net currency exposure. Its risk is purely entrepreneurial—will customers want its products at a price it can profitably sell them? Full Story
Ok, maybe it is not fair to call years ending in seven a curse. But years ending in seven have had a checkered record. Since 1830, the Dow Jones Industrials (DJI) has recorded nine up years and nine down years ending in seven. Years ending in seven have the second worst year record for the DJI. The leader or, in this case, the biggest loser is years ending in three. Its record is nine up years and ten down years. As to the biggest winner, well, that honour goes to years ending in five with a record of sixteen up years vs. three down years. Full Story
When the US government goes abroad with a big stick beating other governments over the head they do not endear themselves to others. Fear perhaps but not endearment. China on the other hand seems to be playing a long game and is busy working deals and strengthening economic ties with its Eurasian neighbors along the “one belt, one road” trade corridor as well as other places around the world. Full Story
The Chinese gold market is the world’s largest physical gold market. It is also one of the world’s most protected gold markets given that the importation of gold into China is still strictly controlled by the Chinese authorities, and the exportation of gold out of China is generally prohibited. Hence, the market is often referred to as the Chinese ‘domestic’ gold market since gold flows and gold trading in the market are predominantly domestic in nature. Despite these trade restrictions, China still manages to be the largest importer of gold in the world. Furthermore, the Chinese gold mining sector is also the largest producer of gold in the world. Full Story
By: Chris Waltzek, GoldSeek Radio - 13 August, 2017
- Bill Murphy of GATA.org returns with key insights on the PMs market. - The world's largest gold producing / consuming nation, China just announced a 10% decrease in production and a 10% increase in consumption. - Our guest suggests a gold price target of $3,000-$5,000 to compensate for underlying real inflation levels. - Bill Murphy sees signs that indicate price suppression schemes are failing - the PMs could begin the next leg of an epic ascent. Full Story
Rhetorical sabre rattling, deeper probing into the President’s campaign and the Russians, deepening clashes between groups in America, coupled with upcoming controversial legislation are a potential deadly recipe to send markets spinning and save havens soaring. The world is being buttressed by serious change. We see climate change, technological change, and globalization change where the world is moving from being interconnected to interdependent—, which means if there is a collapse in one country, it could quickly spread to others. These are the catalysts. Any or all could become the trigger. Full Story
While gold demand in the West continues to languish, something has recently motivated renewed interest in the yellow precious metal in Germany and the United Kingdom. Now, when I say “renewed interest”, I am referring to a surge in gold investment by Germans and British that we haven’t seen for quite some time. Full Story
The Wall Street Journal's feeble attempt this week to acknowledge the issue of gold market rigging by the U.S. government at least landed on the newspaper's front page today. You can see its display at the lower left side of the page here... Full Story
The greenback monetary cranks have always been opposed to the Federal Reserve. Why? Because the regional Federal Reserve banks are privately owned. They hate all private banking. They are committed statists. They originally were people of the Left in the late 1880’s. Today, they are found on the Right, but they are in no way defenders of the free market. They want Congress in control of money. Full Story
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