Gold’s strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold’s bull market is very much alive and well. Full Story
The average middle class household is getting squeezed by an income that is not keeping up with the cost of living. Unfortunately, a major portion of the cost of living has become debt service. Most car buyers assume an almost insane amount of debt to buy a new car. Credit card debt is being used to make ends meet. Low-to-no down payment mortgages have funded most of the homes sold over the last few years. The problem, however, is that the financial system enables this behavior. One has to wonder if this was not intentional… Full Story
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress. The result will be truly frightening, as all known tenets are either swept aside or profoundly questioned. Many of the listed events have begun to take form with some initial progress. The magnificent event that occurred ten years ago has been called the Global Financial Crisis, centered and triggered by the Lehman Brothers failure as a firm. Full Story
Economist Professor Laurence Kotlikoff, returns with positive insights on the PMs sector noting that investors should consider increasing their PMs stockpile. Additional gold comments include, "... gold may be a gold investment ... good to have in your portfolio... I have gold bars." For ardent stock aficionados, Professor Kotlikoff suggests rolling into higher dividend alternatives to lower volatility risks. Full Story
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain they were happy to see the dollar drop to make US exports more competitive. Full Story
While the United States remains dependent on foreign countries for a large number of strategic minerals including manganese, cobalt and rare earths, when it comes to oil the States has achieved a remarkable position of energy independence that would have been unthinkable a decade ago. According to the EIA, in 2016 US net imports (imports minus exports) of petroleum from foreign countries was only about a quarter of that consumed in the US - the lowest level since 1970. Full Story
Summing up, the USD’s epic turnaround along with gold’s extraordinary weakness relative to the USD’s intraday decline along with multiple bearish confirmations paint a very bearish picture for the precious metals market for the following weeks. Before calling us perma-bears, please note that we’re expecting to see gold well above its 2011 high in a few years, likely more than doubling its price. We just don’t think that the key buying opportunity is already behind us and we want to prepare you for taking advantage of it. Full Story
President Trump tries to back yesterday’s comment by Treas. Sec. Mnuchin on weak US Dollar being good for trade, which sends metals sharply lower intraday. Full Story
We’ve all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and search for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart – courtesy sources listed. Full Story
As the old saying goes, time is money and in no situation will that become more readily apparent than in the event of hyper or runaway inflation. Gold, in short, is the most suitable, most liquid and most responsive of the primary assets to an emergency situation like hyperinflation, even in the modern age, and that is why it is highly recommended. Full Story
Unfortunately, as we demonstrated in Part 1 and further demonstrate below, the underlying Economic Reality was and still is that the Economy is not healthy and not recovering which is obvious when one looks at the Real Numbers per Shadowstats.com (Note 1) rather than the Bogus Official Ones. Full Story
While the gold mining industry reports energy as only 15-20% of its total production costs, the total amount consumed by the industry is much higher. The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed in their financial statements. Thus, it takes a great deal more energy to produce gold than the market realizes. Full Story
This is looking more and more like a “false breakout.” False breakouts are dangerous developments because they usually lead to violent drops. In this case, the above chart suggests the $USD could collapse to the high ‘70s in the coming months. This is a MAJOR warning. A $USD collapse like that would unleash a MAJOR inflationary shock on the system. And that's when we reach the End Game for Central Banks. Full Story
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. Full Story
For the past few years the “strong dollar” has been so central to the global financial story – enabling ever-lower interest rates and ever-higher financial asset prices pretty much everywhere – that it’s easy to forget how illusory “strength” is for fiat currencies. Since mid-2017 that illusion has been evaporating, as the dollar falls (both against other fiat currencies and assets like oil, bitcoin, tech stocks and gold) and interest rates rise. Full Story
In a year when the SPX 500 hit all-time highs, gold also held strong, finishing 2017 up 13.5 percent, according to the World Gold Council. Gold’s annual gain was the largest since 2010, outperforming all major asset classes other than stocks. Contributing to this gain was a weaker U.S. dollar, stock indices hitting new highs and geopolitical instability, all of which fueled uncertainty. Investors continued to add gold to their portfolios to manage risk exposure, with gold-backed ETFs seeing $8.2 billion of inflows last year. Full Story
CEO Thomas Coughlin, Andrew Maguire, join the show in an epic-exclusive Goldseek.com Radio conference call that takes place simultaneously on three continents. The paradigm-shifting, gold backed digital-currency has strong interest from deep pocket investors. Funds in Sharia-compliant communities / nations, where usury is a major issue. One potential investor has purportedly offered to purchase the entire offering Allocated Bullion Exchange (ABX) is gold / silver bullion exchange poised to disrupt the entire gold suppression scheme, exposing the opaque, paper money, naked-shorting system. Full Story
This video explains the currency and gold setups in place before the dollar began its precipitous breakdown and then projects price and time targets for a reversal of their current trends. Full Story
Through the first three weeks of 2018, one of the key stories has been the falling US dollar. Expect this trend to continue and even accelerate as we go through the year. After peaking with a false breakout near 104 in early 2017, the US dollar (as measured by the Dollar Index) has continued to plummet in 2018. As I type, the index is near 90 and already down over 2% year-to-date. Dollar weakness has traditionally been positive for commodity prices, and the evidence of this can be seen below. Full Story
Whenever the masses fully embrace a market, trouble is usually close at hand, and that's what occurred with bitcoin; the masses were completely enamoured with Bitcoin. The masses were euphoric and were expecting bitcoin to soar to the next galaxy. Wild targets of $100,000 were being issued that sounded more like the ravings of a lunatic than of an expert. Full Story
As the long-term interest rate Amigo continues upward, the anti-USD ‘inflation trade’ continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come. Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writer bugs are going to further their bullish message and try to get more reader bugs to follow their guidance. But absolutely nothing has changed. Full Story
The precious metals sector is on major buy signal. The cycle is up, suggesting that the multimonth correction is now complete. COT data is supportive for overall higher metal prices. We are holding gold-related ETFs for long-term gain. Full Story
The good news for gold keeps flowing, with institutions around the world stepping up to the buy window ever-more frequently. They are clearly embracing gold as a key portfolio holding for the long term. The bottom line: institutional respect for gold as a portfolio diversifier has never been stronger than it is right now. Full Story
The Russians did not cause global warming or a dozen other problems, but the accusations make good distractions. Blaming and taxing global warming are helpful to the financial and political elite. Gold and silver bullion and cash are less controllable by the elite, so they are discouraged. I encourage you to buy more silver! Full Story
Over the last year, we've seen a strong trend develop at GoldSilver.com: more and more crypto investors are diversifying into precious metals by buying physical gold and silver with Bitcoin. In his latest video, Mike Maloney explains why he feels this is happening, and why it is a good thing. Full Story
There were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what’s happening, the greater the surprise to the upside will be. It could indeed be very exciting for those of us that are overweight precious metals and have stayed the course. Full Story
Last week the U.S. Global Investors office was visited by a living legend in the junior mining industry, billionaire founder and executive chairman of Ivanhoe Mines, Robert Friedland. In case you don’t know, back in the mid-1970s, Robert was caretaker of an apple orchard south of Portland that one of his buddies from Reed College would often visit. That buddy’s name was Steve Jobs, who later went on to found a little company he named—what else?—Apple. Full Story
What we have learned over this period time is how all encompassing the market manipulation schemes really are. Initially, we realized that various bullion banks (such as Goldman Sachs and JP Morgan) were collectively suppressing the gold price to keep it below $300 an ounce. Eventually we realized the manipulation extended to silver also AND included the Fed, The Treasury, Exchange Stabilization Fund, BIS and other central banks. Full Story
The gold market has been mired in a four-and-a-half year basing pattern. The rally that began late last year has taken prices up toward a major resistance zone. It’s make or break time! Also, on the cusp of a potentially big move is the bond market. Bonds haven’t been making headlines like the stock market, but where the bond market heads next could be crucial for stocks as well as metals (not to mention housing and lending). Full Story
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018. Full Story
The best performing metal this week was platinum, up 1.92 percent as traders boosted their net long position. Gold traders remain bullish on the yellow metal for a second week as gold reached the highest since September on Monday, reports Bloomberg. The U.S. dollar posted five straight weekly losses, even as U.S. Treasury yields rose. Earlier in the week, 5,000 call options with a strike of $1,650 on gold were purchased, indicating a bullish view on the price of the metal. Full Story
My 2018 economic predictions follow through on the accurate predictions I made in 2017. In my last article, I stated that I had bet my blog the stock market would crash by January 2018. In fact, however, I’ve gone back and rechecked those predictions and my bet, and I found that I wisely hedged my bet in terms of timing due to the Trump factor. I realized back then that, for the short term (2017-2018), Trump would seriously alter the economic trajectory of the US established during the Obama years — the path by which I had been predicting an economic apocalypse would soon be upon us. Trump would not, however, improve things over the long term because our underlying economic woes would only get worse. Full Story
Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold has been accompanied by a rapid rise in the gold futures open interest on the Comex. Furthermore, based on the last COT report the banks have dramatically increased their net short position and the hedge funds have gotten, once again, extremely net long. I don’t like the looks of the COT report right now plus I anticipate a possible brief “relief” rally in the dollar index. Full Story
A critical component of financial planning for retirement is that many healthcare expenses are a shared expense for those 65 and older, as a matter of current law and design. A 65 year old pays the same Medicare Part B premiums as a 95 year old, and someone in perfect health pays the same premiums as someone with multiple serious health issues. Full Story
The reality is that since the US abandoned the Gold Standard in 1971, the Fed has effectively been “papering over” declining living standards in that the actual “cost of living” in the US has soared relative to real incomes. This fact stares all of us in the face every day. Back in the late ‘60s / early ‘70s, one parent worked and most Americans had a decent quality of life. Today both parents typically work and are one financial emergency away from being broke. Full Story
This video discussion between Charles Hugh Smith and Gordon T Long is Part III of a three part series. In Part III we examine how we need to "Prepare of major Social Change". Full Story
Markets are driven by two things—fear and greed. These two fundamental human emotions play themselves out over and over again. The study of markets is just the study of human psychology. When things look really bad we are all fearful and when things look really good we get greedy. Take Bitcoin and the cryptocurrencies as an example. As the market rose, more and more people jumped in figuring they were missing out on the next big thing. Full Story
People often refer to bitcoin as digital gold because of the similarities between the two assets. One big difference between gold and bitcoin is currently playing out in their respective futures markets. Since bitcoin futures were introduced last December by the CBOE, futures prices have often been inverted, or in backwardation. This sort of phenomenon rarely happens in gold markets, which trade normally, or in contango. Let's explore why inversion seems to be relatively common with bitcoin and whether this will continue to be the case in the future. Full Story
Even though mining stocks closed last week below the Jan. 2 close and silver even declined below the Dec 31, 2017 close, gold moved higher. It’s not far from this year’s top either. So, is all well and are bullish gold price forecasts justified? Not necessarily. In today’s article, we show you two reasons why it’s a good idea to think twice before opening long positions in gold. Full Story
Silver has often rebounded nearly 100% within 12-15 months after bad and long bear markets. History says Silver is ripe for a similar move over the next 12 to 18 months. Since Silver follows Gold, a breakout in Gold could be a huge catalyst for Silver to test and break resistance at $20/oz. If that happens, Silver would be on its way to another, typical substantial rebound. It has happened before and we expect it will happen again. We already own a few juniors with the best silver deposits but we continue to look for junior explorers and silver plays with 5 to 10-fold potential that could benefit from a breakout in precious metals. Full Story
Most worry about the quantity of dollars, not the quality. This worry comes of the belief that one is not a creditor, but that by holding money, one owns a pro rata shares of the goods and services produced. In this view, if the government increases the quantity, it dilutes that share to a smaller fraction. This view is not correct, popular though it may be. Full Story
Dividend yielding stocks may be preferable in 2018, but caution is advisable before chasing yield too high, which only magnifies risk / volatility. The host / guest concur that NVIDIA (NVDA) shares remain appealing, due in part to record demand for their superior crypto-mining GPUs, this is his top holding. Globally renowned economist and editor of the GloomBoomDoom report, Dr. Marc Faber returns with his outlook on the financial markets for 2018. Due to excessive expansion, of central bank balance sheets, global equities prices may be overextended as robust economic conditions are heavily dependent on inflated asset prices. Full Story
The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in 2000, the precious metals growth curve has been evident. Ever since the subprime bond disaster in 2007, followed by the Lehman strangulation in 2008, the precious metals growth curve has continued. It is suppressed like holding back a team of six stagecoach Clydesdale horses by simple leather straps held by mere men with computers on their backs. Ever since the QE inflation policy of monetizing the USGovt debt, the monetary role of Gold and Silver has never been more acute in modern history. But silver offers much more. Full Story
Central banks and governments that are secretly trading futures contracts in the United States on CME Group exchanges qualify for discounts ranging from 7 percent for two-year U.S. Treasury futures to 15 percent for gold and silver futures to 60 percent for Eurodollar futures. Central banks and governments receiving these trading discounts cannot trade directly but must use CME Group clearing member firms for their trades, raising the question of whether those clearing members are able to trade for their own accounts on the basis of inside information from central banks, creators of infinite money. Full Story
The holidays are fading from memory, and 2018 is off to a good start, economically speaking. Most of the forecasts I’ve read expect a good year – not a blockbuster year or a horrendous one, but a mild pickup that ought to satisfy investors. Even the bears seem less confident than usual. Full Story
As investors’ bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage. This is terrible news because a lot of people are going to lose one heck of a lot of money. According to CNN Money’s Fear and Greed Index, the market is now at the “extreme greed” level and if we go by Yardeni Research on “Investor Intelligence Bull-Bear Ratio,” it’s also at the highest ratio in 30 years. Full Story
The tactics employed by the big banks to enter and exit the metals markets are detailed and are used to estimate how gold is likely to perform in the short term. Full Story
Cast your bread upon the waters, the Bible says somewhere, and pray that something comes back besides overweight seagulls. GATA does a lot of casting, usually without result, but you never know when and where someone will pick up on it, and this week a teacher and writer in Pakistan, Taha Ali, did. Ali, who writes for Pakistan's national English-language newspaper, the Express-Tribune, cited GATA in a commentary about bitcoin to explain why the cryptocurrency rose so sharply in price amid an explosion in the world's money supply while the gold price did not rise similarly. Full Story
The biggest trend I see for the future is the meltdown of governments at all levels combined with a decentralizing, individual-empowering exponential growth in technology. States, in other words, will self-destruct while people get smarter, stronger, healthier, and freer — they will get a lot smarter, a lot stronger, a lot healthier and from this, freedom from the state will be a natural evolution. Full Story
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