The USFed monetary policy is killing the system, simply and boldly put. They call it stimulus, when the extreme accommodation is actually just a backdoor Wall Street bailout combined with a pass on the USGovt debt discipline. No debt limit is enforced anymore, a travesty. The United States is looking more like a Third World nation with each passing month, with colossal fraud, economic decay, war and sanctions, and no leadership. The US Federal Reserve has ventured into very dangerous ground, putting hyper monetary inflation as the installed policy, while making money free for the Interest Rate Swap machinery that operates the derivative for maintaining the easy policy. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 September, 2014
By the beginning of the 1960s, the U.S.$ 35 = 1 oz. Gold price was becoming more and more difficult to sustain. Gold demand was rising and U.S. Gold reserves were falling, both as a result of the ever increasing trade deficits which the U.S. continued to run with the rest of the world. Full Story
Ignoring what Yellen continues to emphasize as her intentions to leave rates lower - longer, participants once again focused their attention Wednesday on the updated dot-plot projections, that implied some Fed officials may have turned towards a more aggressive policy path over the next two years. This hawkish bias was confirmed in the market, as 10-year yields rose to ~ 2.6% and 5-year inflation breakevens collapsed to just under 1.72%. Where the rubber met the road - real rates rose; causing the financials and US dollar to surge, commodity currencies to collapse and precious metals to weaken. Full Story
By: Adam Hamilton, Zeal Intelligence - 19 September, 2014
Gold stocks have plunged in September, crushed by the withering selling pressure from heavy futures shorting hammering gold. As usual, these falling prices have kindled extreme bearishness on this left-for-dead sector. But despite this rotten sentiment, gold stocks’ young upleg remains very much intact technically. This impressive resiliency is fueled by these miners’ incredibly-cheap fundamental valuations. Full Story
Oil prices have been falling. That’s not new as oil prices have been going up and down for years especially after 1967 when the first Arab oil embargo got underway just after the Arab/Israeli Six Day War that started on June 6, 1967. Grant you at that time the actual impact on oil prices was muted but when the second Arab oil embargo hit in October 1973 following outbreak of another Arab/Israeli war known as the Yom Kippur War oil prices leaped from roughly $3.50 to over $10 in a matter of weeks. Full Story
Since last summer, investing in the mining sector has been akin to riding a mini roller coaster. There have been two huge rallies, two sudden and sharp declines while more than a handful of individual stocks have rebounded over 200% from their lows. Nevertheless, as we noted a few weeks ago the weakness of the metals won out and are dictating the terms. Since we covered the metals in our last missive we wanted to focus soley on the miners. A look at the bear market analog chart as well as a very long-term chart of GDM illustrates the coming risks and opportunities. Full Story
Last year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact. It turned out that there has been little or no damage to markets, with bond yields at historic lows and equity markets hitting new highs. Full Story
For some time now, the Government of the United States has been effectively checking through their couch for loose change. Anything helps, even if the debt owed is a staggering $17 trillion. Not only is the United States continuing to spend quite frivolously, sometimes they don’t know where the money is going. A thorough review of Uncle Sam’s accounting presents some scathing findings. Full Story
College reunions are toxic. Except for the few precious moments of genuine human connection, these parties are nothing but status pageants. Suits and watches are inconspicuously glanced at, vacation photos (carefully selected the night before) are passed around; compensations guesstimated; Platinum Master Cards flashed (“Oh no, let me take care of this round!”); spouses evaluated based on trophy-worthy qualities… and inconspicuously glanced at. Full Story
The Pope just observed that the situation in the world today amounts to a Third World War – he’s right and although he didn’t point the finger, we know what it’s all about – the maintenance and imposition of the dollar as the dominant world currency, by diplomacy or by force as deemed necessary. We will come to these geopolitical considerations later as they of course have huge implications for the dollar and thus for Precious Metals. Full Story
So many topics to choose from today, Russia is pushing back on sanctions and has already begun to cut gas supplies to Europe. The Scottish independence vote which if "yes" means the end to a 1,000 year empire and brings into question the Anglo American banking and financial systems themselves. The ISIS situation and whether (in reality "how") we go back there with boots on the ground or not. We also have the FOMC meeting and statement coming today where we will find out whether QE will be publicly discontinued or not ...I say "publicly" because the reality is such that QE will remain forever whether admittedly or in the shadows and hidden from view. Full Story
We’ve been looking at massive H&S patterns in the last two reports I’ve posted so you can get a feel for the bigger picture which is so important to grasp. It’s always much easier to make money trading within the big trend. For instance if you’ve been trading the precious metals stocks over the last 3 years or so you have had a strong headwind blowing against your trades making it very difficult to make a decent profit and then hold on to those profits. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 17 September, 2014
The bad guys will be beaten, despite our not knowing at the moment exactly how or by whom, if only because the great lesson of history is that the bad guys always go too far and beat themselves. As for gold price suppression and surreptitious market rigging particularly, your secretary/treasurer suspects that circumstances are most likely to change overnight, as they did on March 14, 1968, when the London Gold Pool collapsed, having run out of gold for delivery... Full Story
Some of you might be wondering what happened to gold at the 4pm (MDT) open, particularly in light of the rather benign, steady-as-she-goes Fed announcement. This looks like it might have to do with the Scotland independence vote in the UK tomorrow. [One man's opinion] A late poll has the vote closing to 51% (No) – 49% (Yes). In other words a complete toss-up with the Yes vote gaining momentum going into tomorrow’s proceedings. Full Story
The continuing strength of the U.S. dollar is bad news for the price of gold, and Eric Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce. This, of course, is bad news for gold miners and explorers. But in this interview with The Gold Report, the publisher of Hard Rock Analyst counsels that even in a bull market investors are best advised to seek out the potential tenbaggers. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 17 September, 2014
While many economists and market watchers have failed to notice, we have entered a new chapter in the short and checkered history of central banking. This paradigm shift, as yet unaddressed in the textbooks, changes the basic policy tools that have traditionally defined the sphere of macroeconomic decision-making. Full Story
I wrote Monday "how" and on Tuesday "why" precious metals (and all markets for that matter) are manipulated, today I will tell you "what" will remedy and the results. First, the manipulation in U.S. markets has become so blatant and so obvious that foreigners are taking note and altering their future plans. All you have to do is look around to see nation after nation, friend or foe, making plans to live and trade in a world without using dollars. Full Story
One of the striking ironies of our modern economy is that government bonds are considered safe-haven investments, while gold is a “barbarous relic” to be avoided at all costs. Since the 2008 financial collapse, the bond market has been on a tear, thanks to the Federal Reserve’s endless interest rate suppression. This has only served to reinforce the traditional notion that government bonds are “safe.” Full Story
Ah, where to start this Tuesday morning – before tomorrow’s FOMC meeting, Thursday’s ECB “TLTRO” uptake announcement and Friday’s potentially cataclysmic Scottish referendum results? Trust me, there’s many topics to choose from, but my gut tells me to discuss something extremely important to me personally; which is the “good smart guys” getting it just as wrong as the “bad foolish” ones. Full Story
It's never too late to find a new way to evaluate mining companies and Jeff Desjardins, and James Fraser of Tickerscores.com have developed one based on over 20 different criteria. Add in some near-term catalysts and the wheat separates from the chaff. In this interview with The Mining Report Desjardins and Fraser share their methodology in how they determine mining sector scores at Tickerscores.com. Full Story
Gold recently fell to its lowest level in seven-and-a-half months as the dollar rose to a 14-month high. Easing tensions in Ukraine and the Middle East also acted as a drag on gold and silver prices. Investors have been asking the obvious question as to whether gold can recover from here and if a bottom of at least short-term duration is imminent? Full Story
Gold is the ultimate asset, and I think both the bulls and bears are probably going to learn that fact, the hard way. The gold bears view QE tapering and looming US interest rate hikes, as bearish for gold, and the bulls are sure gold is ready to soar vastly higher. One of the features that make an asset ultimate, is price stability. Unlike the bulls and the bears, I predict that gold is going to trade sideways. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 16 September, 2014
Trying to pick a profitable trade in the foreign exchange market is similar to judging a “reverse beauty” contest, that is to say, the winner is the least ugly currency at any given moment in time. All paper currencies are ugly, because central bankers print vast quantities of fiat currency, to varying degrees, at the behest of the ruling political elite that appointed them to run the printing presses. “By this means, government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft,” –the late British economist John Maynard Keynes, used to say. Full Story
I promised yesterday to answer the question "why?" is it that silver and gold are manipulated. Some people say "who cares?". Some don't believe it while others don't even have clue that it's happening. "Gold bugs" for the most part are angry but I sense they are angry for the wrong reasons. Many understand fiat money to be freely printable and without any real value but they are angry because "gold went down" or didn't "go to da' moon" yet. Full Story
Yes, TSA Pre✓ and the other Trusted Traveler programs require you to divulge personal information. And yes, it’s frightening that you might have to considering doing this to avoid airport groping. On balance, though, I’d rather hand over personal information that the federal government surely has already than let another TSA agent stick her hand in my pants—how sad it is that anyone has to make that choice. Full Story
Gold is now at a key juncture and it should reveal its price action structure in the coming weeks. The first chart is my main Elliott Wave count and shows a Double Three Corrective Pattern (W)-(X)-(Y) in process from the top in 2011. You can see that Gold is currently in a corrective channel and should end soon a Wave (ii) which is also composed of a Double Three Corrective Pattern. If that scenario plays out Gold should enter a Wave (iii) that should send it to around $1550 which would be the minimum target. Full Story
“Bullying” by the Fed, ECB, Bank of England and Bank of Japan has been in place for up to six years, forcing not-so-mighty central banks, savers and investors to deal with the consequences. Understanding the dynamics may help investors to navigate what’s ahead. Full Story
By: Steve St. Angelo, SRSrocco Report - 16 September, 2014
The U.S. Empire is in real trouble. This is due to its idiotic business model of selling quality assets while acquiring massive liabilities and debts. Of course, the U.S. Government realizes this is not a sustainable way to do business, but at least for now.... we continue to have our Bread & Circuses, McDonalds & NFL Football for a bit longer. Full Story
By: Rick Ackerman, Rick's Picks - 16 September, 2014
Although T-Bond prices have tracked the dollar’s ups and downs most of the time, the chart shows that they have occasionally gone their separate ways, at least for a while. One implication is that the dollar’s powerful rally since early July is not likely to continue for much longer without eventually exerting an upward pull on T-Bonds. And this is what we expect, since our current rally target for the Dollar Index at 87.98 leaves running room that is almost equal to the impressive rally that has occurred over the summer. Full Story
Brien Lundin, founder of Jefferson Financial, producer of the New Orleans Investment Conference and Gold Newsletter, believes at least a small amount of the massive liquidity produced by loose monetary policy in Western economies will find its way into mining equities following a summer pullback in equity prices—but don't wait long. Lundin expects the "buying opportunity" to last for two, maybe three weeks before seasonal gold demand pushes prices higher. In this exclusive interview with The Gold Report, Lundin discusses some fundamental factors that may open up buying opportunities in the near future. Full Story
It’s no secret the rich are getting richer, and the poor poorer. Accounts of this worsening condition are stroon across mainstream media and alternative news sources alike, albeit with somewhat different storylines. Although increasingly recognizing the importance of this issue, mainstreamers, who both cater to and are controlled by the status quo, portray the condition as a result of race and education differences (which is true), and that these shortfalls should be addressed via public policy (which is not true). And by doing so, they avoid discussing the more profound problem, and the real culprits in this regard, for whom they (think they) are obliged for a living. Full Story
I wrote an article titled "Kill Switch" a couple of weeks back where I hypothesized the Chinese are the ones behind the very high (and very curious) open interest in COMEX silver, I want to revisit this. I want to revisit this because of the action this past week and this past Thursday in particular. Full Story
Are you buying silver instead of bonds? Are you buying silver instead of S&P indexed funds? Are you buying gold instead of earning 0.10% interest in your saving account? Are you preparing for a financial future based on real assets instead of paper promises secured by the integrity of politicians and bankers? Full Story
Using the standard weekly currency chart we followed along for months as the Euro found resistance at the long-term downtrend line as expected, the commodity currencies long ago lost major support and non-confirmed the commodity complex and the US dollar moved from a hold of critical support, to a trend line breakout, to its current impulsive and over bought status. It is time now for a closer look at Uncle Buck since this reserve currency is key to so many asset markets the world over. Full Story
You should look at foreign real estate less as a vehicle for a quick return and more as a diversified long-term store of wealth. Wherever you decide to buy, it should also be in a place that you would actually want to spend some significant time in. That way, the property has value to you, regardless of whether it proves to be a good investment. Full Story
Performance has been so poor, in fact, that the spread, or bifurcation, between the 12-month return residuals of small and large caps is at its widest since the dotcom bubble of the late 1990s and early 2000s. This bifurcation is one of the largest since 1975. According to Morgan Stanley, we’re in the worst beta-adjusted period for small-cap stocks since the late 1990s. The 12-month return in August for small-caps was -9.7 percent, placing it in the bottom 6 percent of any 12-month period since the mid-1970s. Full Story
Recently, I’ve read many stories about the “strong” dollar from mainstream media financial “journalists” that are paid by pro-USD banking cartels to promote such rubbish propaganda. The strong dollar illusion is sold to the masses because the dollar is never compared against the real money of gold but only to its weak siblings of the Euro and British Pound. Stand a 95 pound weakling next to an even greater 80 pound weakling and one can produce the illusion of strength, but stand him next to a 200 pound athlete with 6% body fat and the illusion quickly disappears. Who is that 200-pound athlete? – Physical, not paper, gold. Full Story
Toward the end of every week I begin to ponder what I should write about in the next Thoughts from the Frontline. Much of my week is spent in front of my iPad or computer, consuming as much generally random information as time and the ebb and flow of life will allow. I cannot remember a time in my life after I realized you could read and learn new things that that particular addiction has not been my constant companion. Full Story
GoldSeek Radio's Chris Waltzek talks to Christopher Duane, Founder of the Sons of Liberty Academy http://dont-tread-on.me/ and James Turk of GoldMoney http://www.goldmoney.com/ Full Story
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB's assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland's central bank. Full Story
Just a little “thinking out loud” on the Managed Money, what I call “insurance short” positions. Doing so shows a considerable amount of gun powder laying on a large wooden box of short covering dynamite, metaphorically speaking. Full Story
The Austrian economists long ago pointed out that gold money, and the strictly limited government and limited government intervention in the economy that necessarily goes with it, are sine qua non prerequisites for holding a country together and promoting peaceable international trade. When real money was in the hands of the people for daily use, to go from one country to another made relatively little difference. Full Story
Given the dramatic, unrelenting, over-the-top counter-intuitiveness of this month’s Cartel raid, I feel compelled to write. Part of my motivation is education – at clients’ greatest moment of need; and part of it, simple mental therapy. After all, when one is forced to deal with the monotony of the EXACT same attack patterns, day after day (note the daily, vertical declines)… Full Story
General markets continued to consolidate while we are seeing some nice moves in select stocks still. It is a stock pickers market at the moment and I am a stock picker! Gold continued to roll over this past week as its chart has been suggesting. I’ve been right on weakening gold for some time and I don’t see any sign of a bounce to come yet, although now that I said it out loud we may bounce! Full Story
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