By: Peter Spina, President, CEO of GoldSeek.com & SilverSeek.com - 24 November, 2017
I’ve written this short letter to tell you about an amazing new way you can profit from the best ideas shared at the conference. You see, just last year, my friend Marin Katusa stood before another packed conference crowd and urged investors to buy shares in a tiny company that controlled the world’s largest undeveloped gold and copper deposit. Full Story
The silver miners’ stocks have really languished this year, grinding sideways to lower for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q3’17 results reveal today’s silver prices remain profitable. Full Story
There are two problems with understanding deflation: it is ill defined, and it has a bad name. This article puts deflation into its proper context. This is an important topic for advocates of gold as money, who will be aware that sound money, in theory, leads to lower prices over time and is often criticised as an objective, because it is not an inflationary stimulation. Full Story
The following monthly chart shows that relative to a broad basket of commodities*, gold commenced a very long-term bull market (47 years and counting) in the early-1970s. It’s not a fluke that this bull market began at the same time as the final official US$-gold link was severed and the era of irredeemable free-floating fiat currency kicked off. Full Story
While politicians hammer out the details it is generally accepted that corporations and by extension the investor and asset owner classes are targeted for benefits under the coming Republican tax plan. The logical implication of that beneficial treatment is that barring a market meltdown in the interim, people looking to unload stock positions and take profits would tend to wait until January in hopes of gaining the 2018 tax benefit vs. 2017’s tax code. Full Story
Here we Reveal the heretofore unacknowledged Necessary (but not entirely sufficient) Condition for Profitably (to Investors) ending Precious Metals Price Suppression and other Markets Manipulation. Even some of the Mainstream Media have now finally acknowledged that the private, for-profit, Federal Reserve-led Globalist Mega Bank Cartel* (Note 1) has long been Involved in suppressing Precious Metals Prices. Full Story
In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week. Full Story
At the very beginning of a bubble almost no one believes. The very few with the foresight to see what is coming are laughed at and branded as extremists. For almost a year now I’ve been telling investors that once the NASDAQ composite broke out above the 2000 highs we would see an aggressive rally and 10,000 would be a piece of cake, 20,000 wouldn’t be completely out of the question once we get into the nutty phase of the bubble. Full Story
Throughout human history, gold has constantly emerged as an unparalleled form of savings, investment and wealth preservation. Due to its unique characteristics and features, gold has inherent value and cannot be debased. When holding physical gold, there is no counterparty risk or default risk. Wealth in the form of gold can also be held and stored anonymously. Full Story
While I would love to believe that the rally we saw on Friday is the start of the next larger degree break out in the metals complex for which many have been eagerly awaiting, there are many signs that suggest it is only part of a corrective rally. Full Story
Happy Thanksgiving holiday to USA listeners! Peter Grandich of Peter Grandich and Company outlines a compelling case for a bubble in US shares. Unlike past market peaks, few investors may have time to recognize /react to the hypothetical collapse. The once in a generation top could restore the reputation of PMs as the de facto must-own asset class. Full Story
Andy Schectman of Miles Franklin Institute outlines must hear methods for purchasing and storing PMs. Our guest has identified a golden opportunity to profit market anomalies. The gold / silver ratio of 70:1 suggests the accumulation of silver positions. Similar opportunities appear with platinum. A rare, once in two decades opportunity is presenting itself in the numismatics market. Full Story
By: Avi Gilburt with Ryan Wilday - 24 November, 2017
In our first article together, Ryan and I spoke about how to start making your first crypto currency purchases. We now want to address security. While neither of us are computer security experts, we have subscribers that are. They have helped form our thinking. Full Story
Can the Comex metals rally from here given that the CoT structure is not yet fully "washed out"? Of course they can! While it's sometimes easy and obvious to assume that rallies are imminent by the CoT structure, history shows us that a fully-washed CoT isn't imperative for a bottom and rally. Full Story
We were recently asked to comment on Harry Dent’s predictions for the gold market and we thought that our reply might benefit other gold investors as well. To be precise, we were asked about Harry Dent’s 30-year cycle that supposedly peaked in 2011, and we supposedly could expect gold to peak again somewhere between 2038 and 2040 (you can watch the interview here). The indirect implication is that gold is not likely to soar sooner and that it’s likely to decline for a relatively long time. Full Story
There is a new trend by individuals in the alternative media community who are now selling out of precious metals and buying into Bitcoin and cryptocurrencies. While this may seem like a good idea, especially when Bitcoin and the cryptocurrencies reach new all-time highs, it is likely a big mistake. Now, I am not saying that individuals shouldn’t invest in cryptocurrencies. Rather, it’s a lousy idea to sell all of one’s precious metals holdings and put it all into Bitcoin and cryptocurrencies. Full Story
Cryptocurrencies have surely been the best-performing asset class of 2017. The crown jewel of the crypto world Bitcoin has run up over 604% year to date. But that pales in comparison to Ethereum’s 3,562% gain this year. Naturally, these sorts of monstrous returns in such a short period of time spark heated debate. In fact, many financial pundits and crypto advocates have scrambled to argue whether Bitcoin is a bubble or not. Full Story
Hard as it is to believe, VXX took a crucial step Tuesday toward a longstanding target at 26.32 that until recently had seemed as remote and inaccessible as a seashell lying at the bottom of the Marianas Trench. The relentless downtrend has been driven by an equally relentless bull market in stocks. The fact that the broad averages have not corrected significantly in years has sucked the marrow from VXX, causing the volatility trading-vehicle to implode over months and years, like a collapsing dwarf star. Full Story
If you wait for the next crisis before taking action - it will be too late. In this video, Mike Maloney gives evidence of the looming disasters in Italy, China, and Australia - which of these fuses will ignite the next financial crisis? Full Story
If Chindian demand is solid, gold doesn’t really need a lot of Western fear trade buying to move higher, but it must have some. That’s just not happening right now. The winds of change may be in the air, with US wage inflation pressures intensifying, an approaching debt ceiling debate, and a new Fed chair who stands ready to significantly reduce bank regulation. Full Story
Just as important as recognizing the frothiness of the current market is the fact that the stock market has always fluctuated between bull and bear markets. No bull market lasts forever—that will include this one. Regardless of your personal outlook for the stock market, capturing some of your profits is only prudent given how long this market has been chugging higher. It’s also a way to build wealth, since you now have some money to build a position in other investments. Full Story
By: Jordan Roy-Byrne CMT, MFTA - 21 November, 2017
It has been a while since we’ve applied historical analysis to the precious metals sector. It is something we really enjoy as history can help define and contextualize current trends and help us spot opportunities. Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom. Full Story
The precious metals sector is on a major buy signal. The cycle is down, as consolidation continues. COT data is supportive for overall higher metal prices. We are holding gold-related ETFs for long-term gain. Full Story
Nearly 10 years after the financial crisis brought the global economy to its knees, conditions have finally improved enough to crystallize my conviction that synchronized global growth is currently underway. Revenue and earnings growth are up year-over-year, not just in the U.S. but worldwide. Despite President Donald Trump threatening to raise tariffs and tear up trade deals, global trade is accelerating. World manufacturing activity expanded to a 78-month high of 53.5 in October, with faster rates recorded in new orders, exports, employment and input prices. Full Story
Operation Twist got the party started to begin with, years ago at a very elevated and dire yield curve level. How far does Mnuchin plan to cut the meat to the bond manipulation bone? What will be its efficacy? Does anyone really have a method of quantifying the effects now that we’re years into uncharted territory of bond market manipulation? I have few answers, but lots of questions. I don’t think the bond schemers have answers either, and that’s scary when you think about it. They seem to be just kicking the proverbial can. Full Story
The best performing precious metal for the week was silver, up 2.53 percent. It has lagged behind the other precious metals this year and speculators have raised their net long position this week. Gold bounced back positively after several attempts to knock down the price. Last Friday, over 4 million ounces of gold changed hands within minutes. Then, this past Tuesday, more than 2 million ounces changed hands, spurring a price drop. Bullish investors responded two hours later with a surge in buying to help boost prices. Full Story
When a nation adopts a foreign currency it will typically face significant hurdles when it tries to rid itself of that currency, or de-dollarize. But Zimbabwe’s autocratic ruler Robert Mugabe has appeared to have done the impossible. After dollarizing ten years ago, over the course of the last year or two he and his cronies have managed to throw off the U.S. dollar and re-introduce a Zimbabwean replacement. Full Story
Sound money advocates who love the concept of cryptocurrencies but don’t want to abandon precious metals have been trying to clarify their thoughts of late. Risk Hedge just helped, with a comprehensive statement of the pro-gold position. The following is an excerpt. Full Story
Let’s take a look at an often-repeated idea that is popular in the gold and alternative investing communities. The government possesses a printing press. Therefore, it will never default. It will just inflate its way out of the debt. It will devalue the dollar. Full Story
December Gold did something on Friday that it hasn’t done in a long while, exceeding two Hidden Pivot targets on the hourly chart without correcting. One was minor, the other middling, but the implication is that the uptrend is a good bet to continue into next week. Moreover, the exhaustion of targets on the hourly chart will require us to shift to a bullish pattern of larger degree. It is shown in the chart (click on inset), with a 1315.50 midpoint pivot that can be used as a minimum upside projection for the near term. Full Story
Whether the stock market is entering a multi-month parabolic phase or beginning a new multi-year secular bull market the trading strategy is the same. This video details that strategy. Full Story
Alternative economist, John Williams of Shadowstats.com sees economic Armageddon on the horizon. Over $100 trillion in US obligations make maintaining the national debt, impossible. The actual inflation rate that most people experience is much higher than the official figure, which boosts revenues by hundreds of billions of dollars. Louis Navellier says investors should ignore the naysayers, US equities will rally into the holiday season. Investors cannot shake their insatiable appetite for equities dividend payments, creating a self-fulfilling prophecy of ever higher prices. Full Story
Gold appeared to break out on Friday, but the situation is contradictory because on its price charts it appears to be in position to begin another upleg within an uptrend, but its COTs are still neutral / bearish at best, and don’t appear to allow much room for a rally, while the dollar Hedgers chart is still calling for the dollar to advance, despite its downturn last week. Full Story
Yikes! $450.3 million for Leonardo da Vinci’s “Salvator Mundi” sold on Wednesday night at Christie’s auction, shattering the high for any work of art sold at auction. It far surpassed Picasso’s “Women of Algiers” which fetched $179.4 million at Christie’s in May 2015. It also far surpassed the $127.5 million that Russian billionaire oligarch Dmitry E. Rybolovlev paid for it in 2013. In 1958, the painting sold for £45 because it was believed this was not an authentic da Vinci but merely one done by one of his students. Full Story
So Zero Hedge concluded its post last night by suggesting that Tett now pursue the gold price suppression angle, noting that GATA has been urging just that on the FT for quite a while. Zero Hedge wrotes: "According to the Reserve Bank of India's estimate, the ratio of 'paper gold' trading to physical gold trading is 92 to 1, meaning that the price of gold on the screens has almost nothing to do with the buying and selling of physical gold. Full Story
Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to soldiers who fought and survived the conflict. This guaranteed income stream, called a "pension", was again offered to soldiers in the Civil War and every American war since. Full Story
With all due caveats about the non-stellar gold CoT data (we’ll update in #474) I wanted to note a constructive situation in gold vs. oil, which is a key sector fundamental consideration. Now, there is still a constructive situation in play for nominal crude oil, so take this post for perspective more than anything. Full Story
While physical silver investment demand experienced a pronounced decline this year, the volume is still much larger than the level prior to the 2008 U.S. Housing and Banking Crash. Investors frustrated by a silver market plagued with lousy sentiment and weak demand, may not realize that silver bar and coin demand is projected to be double what it was in 2007. Full Story
This video takes a long term look at the SPX dating back from the 1920's to the present. The Coppock Curve indicator is used as a guide to examine the similarity of today's market with the great two previous secular bull markets. Full Story
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