The government of Russia knows all about the Western central bank policy of gold price suppression. But while this policy can be reported in Russia and China, it remains a prohibited subject in the supposedly free Western press. Full Story
Silver officially entered a new bull market this week, decisively crossing the necessary +20% threshold. Speculators and investors alike are returning as awareness spreads of how radically undervalued silver is compared to prevailing gold prices. When silver awakens to a new bull market after a long bearish slumber, massive gains are usually unleashed. Silver’s tiny advance so far is just the tip of the iceberg. Full Story
The goal is inflation. Central Banks will stop at nothing in their attempts to create it. The reason? Because the alternative is debt deflation which would implode the $100 trillion bond bubble. Inflation is coming... you need to prepare now. Full Story
A weaker dollar has been increasingly viewed as a welcomed condition for the economy and for the markets, following a long span of tighter financial conditions – discretely sustained through a much stronger US dollar and rising real yields. Despite hiking the fed funds rate a quarter percentage point in December, financial conditions have actually loosened as nominal yields fell but inflation expectations have firmed. This is the opposite dynamic of the taper tantrum in 2013 where real yields spiked as inflation continued to soften and nominal yields rose sharply. Commensurately, the commodity markets have benefited this year from this macro shift; one we expect over the long-term will continue to tilt the balance in favor of hard assets versus equities. Full Story
If central banks are trading the gold and commodity markets surreptitiously, directly or through intermediaries, is this trading for the traditional purposes of defeating a potentially competitive world reserve currency, or have these purposes expanded? Full Story
For months now we have speculated that a new inflation phase is in the offing (after the first mover, gold, rises amid global economic contraction) and the thrust off the bottom in the precious metals complex and now the rest of the commodity pack, indicates it is here. However, a mini blow off within the launch phase in silver is happening right now and this will eventually bring a reaction (momentum will blow out when it blows out, which is how blow offs work), which is not likely to be a gentle sideways consolidation. Full Story
Same Questioner: Germany has asked to repatriate their gold. And they haven’t gotten all their gold back. And I was wondering why they haven’t got all their gold back when they asked for it three or four years ago. Full Story
The market opinions of high-profile public figures are always as fascinating as they are instructive. Most public figures have only an elementary grasp on the financial markets; this is doubly true for politicians and political candidates. In instances when these figures make public predictions about the market it’s almost a guaranteed contrarian bet that they’ll be wrong. Full Story
Gold prices remain firm today...with the exception of the $5 drop at the London PM Fix...and they remain at a critical juncture. Price needs to extend higher here but total Comex open interest is back above the 500,000 level and, if recent history is any guide, that's not a good sign. Full Story
It only takes a small, but growing, majority of us to continue on with the fight and set the world back on its correct, true and honest path. The path of free money and prosperity, the path paved in gold. Full Story
By: Chris Rossini, Ron Paul Liberty Report - 20 April, 2016
The Soviet Union was not a powerhouse, but a parasite that completely sucked the life out of its host. Despite all the foreign aid (again, especially from the U.S.) the socialist boogeyman would collapse without the shedding of a single drop of blood. Full Story
There is an answer: central bankers do not trust other central bankers. They do not trust the reliability of civil governments. They know that when push comes to shove in the business cycle, other central bankers will crank up the printing presses. When this happens, they all want to be in gold. So should the rest of us. To keep their credit worthiness in a crisis, they have to own gold. So do the rest of us. Full Story
“Silver has the best-looking chart among all the commodities,” said Andy Pfaff, who as chief investment officer for commodities at MitonOptimal Group in Cape Town increased his allocation to the metal over the past two weeks. “When silver moves, it really, really moves, and everyone wants to be on the right side of that trade.” Full Story
Many of us have waited for today, April 19, as we anticipated the new Chinese daily gold fix and the opening of the ABX physical exchange. Some may be disappointed, other ecstatic. I will say I am personally pleased because it was almost exactly as I suspected. Full Story
One could make the case that the coming carnage will be the fault of the enablers (banks, stock and bond speculators, gullible consumers) and that they’ll just be getting what they deserve.
Unfortunately, in the last group — consumers — are a lot of people who don’t deserve to be sucked down with the supposedly more knowledgeable financial pros. But they always are. Full Story
There have been exactly zero “perp walks” by high ranking executives at any of the major banks over the past decade. This despite overwhelming evidence of pervasive fraud in mortgage underwriting, derivatives, commodities trading, and currency markets. Instead, taxpayers pay for the bailouts and company shareholders get to pay the fines or settlements, which are often substantially smaller than the ill-gotten gains. None of the criminal bankers responsible end up in prison. Full Story
In this series we turn our attention to growth in the gold mining sector, the most active of which, occurs at the Mid-Tier level.
We study the growth of eight Mid-Tier gold mining companies: B2Gold (TSX:BTO), New Gold (TSX:NGD), Endeavour Mining (TSX:EDV), Oceana Gold (TSX:OGC), Primero Mining (TSX: P), Newmarket Gold (TSX:NMI) , Teranga Gold (TSX:TGZ), and Alamos Gold (TSX:AGI). Full Story
In some ways HSBC has done a very good job keeping the location of its London gold vault under wraps. The main challenge is where does one begin to look for a vault in London from scratch. At first it would appear that there is nothing in the public domain pointing to the HSBC vault location. This is not entirely true however. The gold bullion activities of HSBC in London stem from two companies that over time became part of the HSBC group. Full Story
Really, now: If what Deutsche Bank has just admitted is, as Armstrong says, merely routine, why has the bank agreed to pay financial damages and to provide evidence incriminating its fellow conspirators? Don't Deutsche Bank's lawyers know that Armstrong is omniscient? Or, if Armstrong told them of his omniscience, would they just consider him pathetic? Full Story
Sales of the U.S. Mint Gold Eagles surged last week as investors were spooked by the emergency Fed meetings. As several news sources reported last week, this was the first time both the President and Vice President “unexpectedly” met with the Fed Chairman to discuss the state of the American and global economy. Full Story
Last Friday afternoon after I read the COT (Commitment of Traders report) numbers, I immediately looked over at the quote terminal only to see that the HUI (NYSE Arca Gold BUGS Index) was going to close out the week a tad below 200 and nearly exactly double where it was on Jan. 19, and I shook my head with utter reverence. Here you have gold bullion trading as high as $1,287.80 on March 11, the same day that the HUI closed at 175.83, with the Commercials having moved from 2,911 net shorts on Dec. 4 to 195,000 net shorts the prior Tuesday. Full Story
Based on a regression analysis holding gold as the independent variable, a negative 0.5 percent real rate level would suggest a gold price of $1,380 an ounce and a negative 1.0 real rate level would suggest a gold price of $1,546 an ounce… The potential for inflation rates to move upwards and match U.S. Treasury yields, which continue to be held down in the short-term, could create a 1970s-esque phase in real rates. Full Story
By: John Browne, Euro Pacific Capital - 18 April, 2016
Having risen so fast this year, and with confusion apparent even at the Fed regarding the outlook for interest rates, the price of gold could correct in the short-term. However, over the medium to long-term we remain very bullish. This view will be validated or impeached based on the behavior of the Federal Reserve over the next few months. Full Story
The CME reported that it received notice from the Federal Reserve that it is authorized to open an account at the Fed which would “allow it to better safeguard cash deposited by its traders,” writes Dave Kranzler on Goldseek.com. But why is a Fed custodial account any better than one held by a big bank? Is the CME preparing for an eventual Comex default? The ratio of physical gold available for deliver is dwarfed by the size of paper contract claims on such gold. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 18 April, 2016
Of course the bigger issue for GATA is whether the class-action suit against Deutsche Bank and the other banks alleged to have manipulated the gold and silver markets will expose the intervention of central banks, directly or through intermediaries. That is, for example, were Deutsche Bank and the other accused banks ever trading on behalf of central banks and front-running those central bank trades? Full Story
The tinfoil hatters have once again prevailed. What has been called theory turns to fact, once again. It seems the people, citizen journalist, market analyst and financial advisors, that actually do the necessary research and present an alternative view are being vindicated on an almost daily basis. All of the naysayers will now have to put down the kool-aid and take another look at what is being reported on the internet. While there are equal amounts of garbage to offset the truly great information, isn’t it the same with mainstream media? Is there any difference in what we see on TeeVee or hear on the radio – equal parts garbage balanced with great information? Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 18 April, 2016
While Deutsche Bank's confession makes gold and silver market rigging impossible to deny, financial news organizations remain willing to suppress the story as they have been doing for years, lest they aggravate their advertisers and governments. So while the struggle is slowly breaking our way, it very much continues, with financial news organizations and gold and silver mining companies bearing much responsibility for the injustice they won't acknowledge. Full Story
But is this gaming of the London precious metals fix the same thing as — or even tangentially related to — the main manipulation of the gold price, which is the practice of central banks “lending” their gold to big commercial banks, which then sell that gold on the open market to depress the price? These seem to be two different frauds, and if only the first comes to light while the second continues unimpeded, there’s no reason to expect precious metals to start trading rationally — which is to say in line with fundamentals like soaring global debt, ever-increasing money creation and general geopolitical and economic instability. At least not until Western central banks run out of gold. Full Story
The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance for a little while, their strong outperformance of Gold remains a comforting signal for bulls. Full Story
The latest gold COTs are out and they are an absolute horror story, with Commercial short and Large Spec long positions having ramped up to multi-year extremes, which we can take to mean that the dollar is not going to crash its support in the 93 area and will instead rally. While PM stocks have broken higher, gold has stubbornly refused to and has been dropping back in recent days to complete the Right Shoulder of what is believed to be a Head-and-Shoulders top, as we can see on its 6-month chart below. Full Story
In this week’s letter we will take a quick look at the condition of a slowing global economy (the IMF just downgraded its own forecast this last week). Then we’ll grapple with a Plan B scenario, because I have a confession of sorts: I am not entirely optimistic that Congress and the new president can get their act together, so I offer a proposal from former Oklahoma Senator Tom Coburn as to what we, the people, can do to actually change the country’s direction without having to depend on a Congress that may prove dysfunctional. Again. Full Story
Gold gained 0.53% this past week but is acting weak on volume. We’ve got support at $1,220 so we should move up from here, but if not, we have to look to $1,180 as the next support level. We’ve got overhead resistance at $1,260 then $1,280 so basically we’re stuck in the range between $1,220 and $1,280 which can be traded, and is a good sized range to reap nice gains out of until we breakout higher most likely. Full Story
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