Failure to produce a legitimate bonafide gold-backed currency, together with an adequate industrial base, would mean the United States will be confronted with a real big nasty currency crisis. Any new currency, even with gold backing, would be subjected to a series of devaluations due to the enormous trade deficit. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder. Full Story
US growth, such as it is, has lately been driven by a handful of hot sectors. Car sales have set records, high-end real estate is generally way up, and federal spending – based on last year’s jump in the national debt – is booming. But now the private sector part of that equation is shifting into low gear. Full Story
By: Adam Hamilton, Zeal Intelligence - 7 April, 2017
The gold-mining stocks’ usual volatility has proven outsized so far this year, spooking investors. A fast initial surge in a new upleg was soon fully reversed by a sharp major correction, which spawned much bearish sentiment. That combined with the great distraction from the Trumphoria stock-market rally has left gold stocks unloved and overlooked. But their outlook is very bullish, and major upside breakouts near. Full Story
According to Harry S. Dent Jr., investors should ignore FOMC rate hikes and buy gold - slower job growth could cap US equities prices in 2017. The imminent Greek default slated for this July could be another stumbling block for the financial markets. Implementing the new tax cuts / health care plan proposed by the Administration could be challenging. Full Story
Gold and silver prices hardly moved most of the week, maintaining a firm undertone in quiet trade, until last night when America launched a missile attack in response to Syria’s alleged use of chemical weapons. After being barely changed from $1249 at last Friday’s close, in early European trade this morning gold rose overnight to $1265, and silver rose from $18.25 to $18.41 on the same timescale. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 7 April, 2017
The biggest development in gold and silver market manipulation in the last year has been Deutsche Bank's admission that its traders conspired with traders from other big investment banks to suppress gold and silver futures prices. This admission by Deutsche Bank came as part of its response to class-action antitrust lawsuits brought against it and its co-conspirators in U.S. District Court in New York. Deutsche Bank has provided the plaintiffs with transcripts of electronic messages between the traders showing them coordinating their trades to smash gold and silver prices down. Full Story
If one takes the time to become an open-minded market observer, one can learn a lot about the stock market, and how human beings react within the stock market. We all know and love the phrase "buy low, and sell high." While that is the ideal goal for investors, most investors are unable to attain their goals of buying the lows or selling the highs. Why is that? It is simply because we are emotional creatures, and we allow our emotions to drive our buying and selling decisions. Full Story
The IMF (International Monetary Fund) or as I like to call them – International Mafia Federation – is showing it’s true colors and proving beyond question this organization is nothing more than street-corner-thugs in high priced suits. With the release of this latest working paper on how to enslave nations, steal the remaining sovereignty of the people and the nations they have drawn up plans to force a cashless society upon all the people within IMF member nations. Full Story
Gold performed really well in the first quarter of 2017. As the chart below shows, the rally started at the end of December 2016. The yellow metal bottomed at $1,125.7 on December 20, just a few days after the FOMC meeting and the second interest rate hike for almost a decade. Since then, the shiny metal gained about 11 percent. Full Story
These numbers are astounding. Emerging market debt was $7.4 trillion in 1996, and today it’s $55 trillion. US and UK government debt has doubled – from already historically-high levels — since 2006. And there’s no end in sight. Japan just passed a record-high government budget, 35% of which will be borrowed. The US added $1.3 trillion to its federal debt in 2016 and is debating massive increases in defense and infrastructure spending. China’s corporate debt alone exceeds 170% of GDP. Full Story
As the debate rages on and on and on concerning the global economic expansion (U.S.)/recovery (Eurozone)/Ponzi (China/U.K.), I am beginning to feel like a tennis ball in the heated heart of the 1981 McEnroe/Borg Wimbledon final being batted back and forth over the proverbial "Net" of Indecision, Confusion and Fear. Full Story
Gold and silver prices are at a critical point. It appears that we will see massive price movements up or down, soon. Conditions are very similar to that of the early 80s (circa 1983), for example, when the Dow had just made a significant breakout, after a 17-year consolidation. Full Story
Jeffrey Nichols of Rosland Capital returns with comments on the recent FOMC rate decision and the potential impact on the PMs sector. The rate hike appears to be a nonevent; the gold market ignored the FOMC - investors anticipated the rate hike for several months. Traders are focussed primarily with the real interest rate - the everyday, nominal rate adjusted for price inflation. Full Story
In case you haven’t already noticed, inflation has been steadily creeping up since July. In February, the most recent month of available data, consumer prices advanced at their fastest pace in five years, hitting 2.7 percent year-over-year. March data won’t be released until next week, but I expect prices to proceed on this upward trend, buttressed by rising mortgages and costs associated with health care and energy. Full Story
Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns. Full Story
The Fed's public relations department has to be working overtime altering, amending and otherwise explaining its new stance[s] on monetary policy. While disinflation and the possibility of deflation occupied market sensibilities, the Fed pointed to its target inflation rate of 2% as proof that stimulus was still on its agenda. Full Story
Over the last week, I have been noting that the silver chart has been the most instructive as to how the complex is running right now. While we certainly broke out over the initial 18 level resistance cited last week, the rally has provided us with yet another possible pitfall, at least until the market proves itself. Full Story
By: Steve St. Angelo, SRSrocco Report - 5 April, 2017
Something strange took place in the U.S. Silver market last year. It seems as if the United States imported a record amount of silver in 2016 while its apparent consumption decline considerably. This does not make sense. Which means, a lot of silver has been acquired and stored, over and above the quantity needed by the U.S. Market. Full Story
In early morning trading, GDX has raced to the upper part of a rectangle. It seems poised for an imminent breakout and rally to my $26 target. I’m a relentless buyer of GDX on every $1 decline. Here’s why: Inflation is set to break out to the upside. Indian demand is empowered by the now-mighty rupee and the world’s greatest gold investor demographics. A looming US government debt crisis endgame lurks horrifically in the shadows. The bottom line: A rally to $26 for GDX will not mark the end of the gold stocks price action on the upside. It’s only the beginning of what I have suggested is not just a bull market, but a real bull era! Full Story
At this point, it is all about being patient and observant; the markets are trading in the extremely overbought ranges, and therefore prudence is warranted. Our plan is to wait for our indicators to pullback to the oversold ranges and in the interim to only open positions in stocks that are trading in the extremely oversold ranges to minimise our downside risk. Full Story
The markets are talking but few are listening. Historically, the start of the second quarter is an EXTREMELY bullish day for stocks. But despite this seasonality the market struggled yesterday. It was only through a dramatic intervention from Central banks that we closed marginally down. Full Story
By: Steve St. Angelo, SRSrocco Report - 4 April, 2017
How do you depress the physical gold price? It’s quite easy… you throw $10 trillion paper dollars at it. Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous year’s total by nearly 50%. This is simply amazing when we look around at the staggering amount of insanity taking place in the financial markets. With the economic and financial markets sitting at the edge of the cliff, it would seem prudent for investors to curtail their highly leverage bets in the “Paper Gold Casino” and buckle down by purchasing real physical metal. Full Story
In many of my articles, I have been attempting to enlighten those with open minds as to the true nature of the stock market. While most market participants have been trained to believe that the market is mechanically driven by exogenous causation, I have been providing historical and recent examples of why this simply is a market fallacy. Full Story
If you were to poll the public about comparing the investment returns between gold, silver and stocks during the first quarter of 2017, it’s highly probable that the majority of the populace would respond that the SPX 500 outperformed the precious metals. That’s a result of the mainstream media’s unwillingness to report on the precious metals market other than to disparage it as an investment. Full Story
There’s nothing at this point to make one think May Silver won’t eventually reach the 18.665 rally target we’ve been using since, like, forever. But couldn’t bulls have accomplished this modest feat with a little more brio? In any event, we’ll need to see a decisive thrust past 18.665 before we can infer confidently that buyers have been masking their strength. If so, that would be a great way for a monster rally to take off, since there will be plenty of skeptics who are NOT aboard as it leaves the launching pad. Full Story
As the days and weeks continue to pass, gold is struggling to show us anything close to the strength seen during the 2016 rally. And the more gold continues to perform in a lackluster manner, the more I begin to consider that 2016 strength as a bear market counter-rally. If that were true, it would mean the action since the 2016 top is a continuation of the bear market that started in 2011! Full Story
I hope this helps you to understand the forces that are aligned against you as a silver investor. However, do not despair. No fraud can last indefinitely and no institution built upon a foundation of lies and deceit can stand the test of time. Instead, the day is coming where true physical price discovery will again prevail in the precious metals. What will that price be? I have no idea but I'm quite certain that it won't be $1250/oz for gold and/or $18.25/oz for silver. Full Story
Sometimes premiums for these historic coins surge when retail supplies become tight. But today you can obtain 90% silver dimes, quarters, and half-dollars at historically low premiums – making this category of retail silver product the best overall value currently available in our opinion. You get a low-premium entry point plus the potential for a “doubly play” profit if buy-back premiums rise down the road. Full Story
The best performing precious metal for the week was silver, up 2.61 percent, as investors keep pushing money into commodities in search of investments that keep up with faster inflation. Gold rose nearly 9 percent this quarter, its best performance in a year. Gold has risen on the perceived inability of President Donald Trump to advance his economic agenda after the failed health care reform plan. Traders and analysts are divided on the outlook for gold, given the uncertainty around interest rates. Full Story
Today we continue looking at angst in America, the financial worries that so afflict us here in the world’s largest economy and by extension in much of the developed world. We may be the envy of the world in some ways, but we also have no shortage of stress. Today we’ll look at some data on retirement savings – or lack thereof. Full Story
When you are playing chicken with an 18-wheeler – like a MACK Truck – you better be driving something much bigger (a gold mining truck) – or you could be hurt badly. This is the analogy I chose to make the point that the Fed’s current tightening bias will eventually work and slow down not just real economy, but the all important (to the Fed and rest of the paper game fraudsters) financialized economy as well, which may not be so easy to resurrect this time around. Because in spite of the Fed’s bullshit story, the aggregate economy is quite weak, masked by rising prices (which is just fine if you are an asset rich oligarch) – better known as stagflation. Full Story
Precious metals closed the first quarter with solid gains. Gold gained almost 9% while Silver gained 14%. The miners (GDX and GDXJ) gained the same amounts (9% and 14%) but unlike the metals which closed at their highs of the quarter, ended up losing more than half their gains. Despite a strong quarter, the entire complex remains below the February highs and 200-day moving average (ex Silver) just days after the US Dollar index rebounded strongly from its own 200-day moving average. As the second quarter begins, the warning signs for precious metals are mounting. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 3 April, 2017
CNBC Asia's "Squawk Box" program with Bernie Lo in Hong Kong this morning gave your secretary/treasurer five or six minutes to discuss recent developments in gold market rigging by central banks. A two-minute, 30-second excerpt from the interview is posted at the CNBC archive here. Full Story
Last week, we discussed the growing stress in the credit markets. We noted this is a reason to buy gold, and likely the reason why gold buying has ticked up since just before Christmas. Many people live in countries where another paper scrip is declared to be money—to picture the absurdity, just imagine a king declaring that the tide must roll back and not get his feet wet when his throne is placed on the beach—not real money like the US dollar. Full Story
According to The Silver Investor David Morgan, the nascent silver bull market is alive and well. The guest / host agree that the PMs sector found a firm bottom in 2015 making the buy and hold method ideal for most investors. Chris welcomes back a modern Jesse Livermore, Martin Armstrong of Armstrong Economics, the subject of the documentary film, The Forecaster (2015). Although central banks around the globe have lowered interest rates, taxation rates continue to climb. Full Story
The past week in the markets can only be described as dull. The US stock markets rebounded, but there appeared to be a distinct lack of enthusiasm. Meanwhile, indices in Europe hit record highs (France’s CAC 40 and Germany’s DAX). The London FTSE faded along with the Brexit. The Brexit was triggered with great fanfare but the EU immediately stuck a wrench in it. The Brexit could be quite messy if agreements cannot be made on trade, finance, and assets. Full Story
Consider what the Trump Dump could turn into: The Fed plans 3-4 rate increases into the unwind of the irrational Trump Rally. It also hinted this week at money-supply reduction. This unwind of Fed and folly will fall into an economy where earnings are far from justifying inflated stock prices, where jobs pay about the same as they did thirty years ago (adjusted for inflation) and where benefits are far below what they were thirty years ago, while the peak of retiring baby boomers dives into a pool retirement funds that have evaporated out from under them because of the Fed’s decade of near-zero interest. Full Story
How would you feel if you had planned a gathering of your closest family and friends. Your list of invites grows to include some 185 guests. You also invited your known trouble-making cousin. Your cousin shows up drunk, armed and belligerent. He begins harassing a good portion of the guests, smashes some of your prized possessions and then, as an added bonus, he shots and kills 12 of your guest. Full Story
The post-election pop was, as the Journal asserts, just the human nervous system responding to a “new and improved” US government the way grocery store shoppers instinctively reach for boxes that promise a better version of an old stand-by. Now that the novelty has worn off, the markets are experiencing a “same corn flakes, different box” let-down. In which case 1% – 2% growth might be the ceiling, and debt/GDP will continue to soar world-wide. Make no mistake, this is an epic worst-case scenario. Full Story
By: Steve St. Angelo, SRSrocco Report - 2 April, 2017
The Mainstream media continues to delude the public into believing cheap shale oil production will make the United States energy independent. We now see articles suggesting that Americans will no longer need to rely upon the Middle East or OPEC for our future oil supply when all we need to do is ramp up our domestic shale oil production. Unfortunately, its not that simple or easy. Full Story
Stocks just don’t want to rest for long and are ready for more strength in the immediate short-term. The precious metals took the week off and have formed very nice patterns which point to breakouts in the week to come so I’m into one mining stocks and may grab another couple or few positions early in the week if the action continues to be right. Full Story
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