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Weekly Archive

By: Jordan Roy-Byrne, CMT, MFTA - 26 August, 2016

Last week we projected 5% to 10% downside in the gold stocks. Well, not to butter my own bread but GDX and GDXJ both lost 9% on the week. That being said, I believed that the weakness would be limited and miners could rebound to new highs in September. While that possibility remains, there is a chance this correction could go a bit deeper and perhaps last longer. Full Story

By: Clive Maund - 26 August, 2016

While the Fed is almost powerless these days, as it has succeeded in "painting itself into a corner," the markets still seem to think that its utterances are important and react, sometimes violently, to its apparent stance, or implied stance. For this reason we have to treat Fed statements as important, even though they really aren't. Today we have the Fed making pronouncements and the markets can be expected to gyrate around and react as usual. Full Story

By: Adam Hamilton, Zeal Intelligence - 26 August, 2016

The junior gold miners and explorers have soared dramatically in an amazing year, before falling hard this week. This sharp correction is doing its job in rebalancing bull-market sentiment, crushing greed and leaving traders wary of this sector. But gold juniors’ recently-released second-quarter financial and operational results prove their fundamentals are strengthening dramatically, a very bullish omen for stock prices. Full Story

By: Ronan Manly - 26 August, 2016

Anyone with even a passing interest in US official gold reserves will probably recall that the US Treasury claims to hold its gold (8,133.5 tonnes) over four locations in continental United States, namely at three US Mint facilities in Fort Knox (Kentucky), West Point (upstate New York), Denver (Colorado), and at the New York Fed (Manhattan, New York City). Full Story

By: David Smith - 26 August, 2016

Over the last few years, so-called "crypto-currencies" – digital equivalents of a monetary exchange unit, have been all the rage. The most well-known in the category, Bitcoin, has had quite a run. Starting out as a "virtual penny stock" it rose in 2014 to the elevated height of $1,150, before crashing back to earth. This "electronic currency" is created and stored in a computerized "wallet." Purchases and sales are made via a "blockchain" which keeps a memory of every transaction conducted. Private keys (supposedly) provide assurance that a Bitcoin holder's account is safe. Full Story

By: Alasdair Macleod - 26 August, 2016

Here at Goldmoney, our economic research clearly indicates that the Fed must prioritise higher interest rates if future price inflation is to be contained. However, it is not as simple as that, because the end of the bond bull market on its own will create a backwash out of the financial sector into consumption, simply because there is nowhere else for income allocation to go. We do not expect the Fed to be fully aware of this effect, but there is no doubt it is acutely aware of the possible consequences of the bursting of a bond market bubble. Full Story

By: James Anderson - 26 August, 2016

The case for owning precious metals has already been made. We live in a world of unprecedented and ever expanding debt, devaluing fiat currencies and negative interest rates. Even Wall Street’s heralded “Bond King”, Bill Gross, now admits the world will continue to have difficulty paying its debts without further price inflations. Full Story

By: Arkadiusz Sieron - 26 August, 2016

In the previous edition of the Market Overview, we analyzed briefly the consequences of Brexit vote. We stated that “the most important economic effect of the Brexit vote is so far a significant rise in uncertainty”. It applies particularly to the political future of Great Britain (Will the UK disintegrate? Will the UK really exit from the EU? When and how will it happen?) and the European Union (Will the EU break apart?). However, Brexit could also hurt the U.S. economy. This is why we would like to focus on the impact of Brexit on the U.S. economy and the gold market. Full Story

By: Rick Ackerman, Rick's Picks - 26 August, 2016

Yellen is scheduled to speak at 10:00 a.m., and heaven help us if she should actually say something. The markets and those who report on them typically go into conniptions interpreting the Fed chairwoman’s gobbledygook. But even if she were to step up to the rostrum and read a passage aloud from The Great Gatsby for 20 minutes, the pundits would undoubtedly trip over themselves trying to explain the economic significance of Gatsby’s disdain for Dominican cigars. In reality, the most newsworthy sentence Yellen could utter would be this one: “Effective today, the Open Market Committee has voted to disband, never to be heard from again.” Now that would bw news! Very good news. Full Story

By: It's a Mystery - 25 August, 2016

If you have not guessed it by now it is the price of gold in US dollars. It is nothing short of obscene to read Fed officials, government officials, bankers and overpaid analysts bloviate on how gold is a commodity and no one pays it much attention. Let’s start with a clear example of their disingenuousness with the absolute nonsense that happened yesterday. The gold miner ETF was the most heavily traded ETF or stock in the United States markets yesterday and NOTHING was close. Why is this relevant? Full Story

By: Sol Palha - 25 August, 2016

The masses made no noise when central bankers started to flood the system with hot money and are still quiet, so why will the banks stop? There are trillions of dollars that the big players will make and still stand to make before this game is over. We are in the race to the bottom and once a race starts you cannot stop it. So expect the negative rate experiment to be continued and this will continue until the masses revolt. The story below will be heard more often in the months and years to come. Individuals are being forced to speculate in their quest for sustainable yields. Full Story

By: Clint Siegner - 24 August, 2016

Gold and silver investors have strong opinions about third-party storage of metals. Privacy, the lack of counterparty risk, and precious metals’ role as “crisis money” are among the most attractive features of physical bullion. So it is no surprise that many investors are totally committed to storing metals at home or someplace else that is both private and accessible 24/7. Full Story

By: Andrew Hoffman - 24 August, 2016

The fact that this is my eighth “NIRP vs. Gold” article, spanning more than three years time, is all the proof you need that this unprecedentedly deformative policy is here to stay – in Peter Schiff’s words, a “roach motel” where once a Central bank checks in, it can never check out. Per the table below, replete with links to each of the first seven articles, the first was written in July 2012, mere days before Draghi’s infamous “whatever it takes” speech – when ironically, he vowed to “save” the Euro by printing as much of it as he and his unelected board of hyperinflationists arbitrarily decided. Full Story

By: - 24 August, 2016

Arguably the most accurate financial prognosticator in the field, Louis Navellier of Navellier and Associates, returns with bullish comments for equities investors.
The US stock market has entered "Meltup" mode, which echoes the sentiments of recent guest and fellow market expert, Ralph Acampora. Full Story

By: Gary Christenson - 24 August, 2016

Few individuals think about such things, our unpleasant realities, the facts, and mathematical inevitability. It is easier to dream about the “free stuff” we will collect when our favorite Presidential candidate is elected. You know … “hope and change, a chicken in every pot, no more foreign wars, reduce the deficit, free college tuition, free health insurance, lots of free stuff for everybody, no new taxes, kinder and gentler, the check is in the mail,” and further nonsense. Full Story

By: Steve St. Angelo, SRSrocco Report - 24 August, 2016

The true value of gold is much higher than the spot price quoted in the market. This is due to several factors, but the most important reason is misunderstood by just about every economist and monetary scientist in the world today. Those who are able to understand the information in this article, will finally be able see the value of gold (money) in a totally different way. Full Story

By: Rick Ackerman, Rick's Picks - 24 August, 2016

The latest stats from Wall Street have confirmed what we already knew — that the dog days of this summer have been among the dullest ever recorded. “The past 30 days have been the least volatile of any 30-day period in more than two decades,” reported the Wall Street Journal Tuesday beneath the headline “Stock Market Turns Eerily Quiet”. Full Story

By: Przemyslaw Radomski, CFA - 23 August, 2016

Gold moved lower early during yesterday’s session, but came back up later on and finally gold ended the session only less than $3 lower. Can we view such a reversal as a bullish sign? Not necessarily – a reversal should be confirmed by high volume and yesterday’s session wasn’t. Consequently, one needs to look at other parts of the precious metals sector for confirmations. Full Story

By: Sol Palha - 23 August, 2016

The strength the Dow 30 stocks are showing on the monthly charts clearly indicates that the most hated stock market bull still has plenty of room to run before it drops dead from exhaustion. However, at the moment the stock market is rather overbought, and we covered this very recently in an article titled “mass media turns bullish; stock market correction likely”, so it would not surprise us if it let us some steam. Full Story

By: Stewart Thomson - 23 August, 2016

Janet’s speech could be the catalyst that takes gold down to my $1310 target, and catapults it from there to $1392. Gold is trading in a triangle pattern that many technicians are watching, but fundamentals make charts; statements from key central bankers could easily take gold slightly lower before the “real move” higher begins. Full Story

By: Koos Jansen - 23 August, 2016

The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China’s largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014 when he candidly wrote on Sina Finance that the People’ Bank Of China (PBOC) should slowly raise its official gold reserves to 8,500 tonnes, more than what the US Treasury claims to hold. Full Story

By: Dr. Jeffrey Lewis - 23 August, 2016

This time around is different because media consolidation and information technology make it much easier to herd sheep and confine perception. The methods of propaganda have grown in lock step with the methods that create the illusions these guide read in the tape. When the black swan arrives, and the system buckles, you get a different type of collapse. The ensuing financial panic will lead to currency non reflate-able currency crisis. And the rush to safety will ignite the long-awaited move that will have us speaking in terms ounces, rather than dollars. Full Story

By: - 23 August, 2016

The USA is "Flat broke," which is why central bankers are printing record amounts of currency, according to economist Dr. Laurence Kotlikoff.
His work indicates that the actual national debt is 12 times the annual GDP, $199 trillion.
The professor likens entitlement programs to a Ponzi scheme - policymakers are taking from one generation and sending it to another. Full Story

By: David Haggith - 23 August, 2016

I’ve never seen anything so surreal as the United States’ current political circus of unelectable and undelectable candidates offered as each party’s top of the crop. I can’t stop wondering if the Trump is Clinton’s decoy, gathering all the Republiducks into one place so the Democats can slaughter them. Yet, as surely as Trump looks like he’s trying to throw the election, Hillary looks like she’s going to fall over unconscious from a brain aneurysm on the dawn of election day … or on midnight after the votes are in and counted, depending on which conspiracy you like best. Full Story

By: Graham Summers - 23 August, 2016

We firmly believe the markets are preparing to enter another Crisis. With over 30% of global bonds posting negative yields, the financial system is a powder keg ready to blow. The Bond Bubble is THE bubble. And with over $555 trillion in derivatives trading based on bond yields, this bubble is over 10 times the size of the one that nearly took down the system in 2008. Full Story

By: Steve St. Angelo, SRSrocco Report - 23 August, 2016

According to the public affairs person at the U.S. Mint, the rumor that Silver Eagle production was halted due to lack of demand, is not true. I have been receiving lots of emails on this issue, so I decided to pick up the phone and call Michael White, public affairs person at the U.S. Mint. I have spoken to Mr. White several times over the past five years on different issues. So, instead of going by secondary channels and the blog-sphere rumor-mill, I thought it best to get it directly from the source itself. Full Story

By: Andrew Hoffman - 23 August, 2016

It’s early Monday morning – in what is typically the slowest volume week of the year, aside from Christmas through New Year’s Eve. So slow, I have just eight articles in my “horrible headline notes” from the past 48 hours, as the entire Western world is on vacation. That said, those eight articles alone, in a freely-traded market, would be more than enough to send Precious Metal prices higher, such as the complete implosion of the tell-tale Vancouver real estate market – down 20% this month, and 25% in the past two months; and a ceasefire in Nigeria, which caused oil prices to plunge this morning. And no, last night’s PM raids had nothing to do with it, as gold and silver’s losses occurred long before oil prices moved so much as a penny lower. Full Story

By: Gary Savage - 23 August, 2016

In today's video I discuss my near, intermediate and longer term outlook for oil. Full Story

By: Mike Gleason - 22 August, 2016

I think they'll go to helicopter money before they go to negative rates, because the negative rates aren't working at all. You look what's going on, the numbers coming out of negative rate countries like Japan. What do they have Abenomics now, since 2012 basically that it began, and you're looking at no growth coming out of Japan at all. Quite the opposite, in fact.

So what's going to happen? There's no way out. Full Story

By: Gary Christenson - 22 August, 2016

Central banks continually devalue their currencies and always cause collateral damage from that devaluation, but central banks exist to facilitate the transfer of wealth from the masses to the wealthy and powerful, so that collateral damage has been inflicted upon the masses for over 100 years. Expect it to continue. Full Story

By: Andrew Hoffman - 22 August, 2016

Unfortunately, given the nature of all Ponzi schemes, they MUST grow larger to survive – exponentially so, and in the process, maintain confidence that they are legitimate. Which is exactly why such programs have gone off the charts – as evidenced by 668 cumulative rate cuts since the 2008 crisis, and tens of trillions of stock and bond monetizations, with freshly printed money. Not to mention, the covert dishoarding of the vast majority of above-ground physical gold and silver inventories to suppress prices, nearly all of it to the world’s new economic leaders in the Eastern Hemisphere. Consequently, the Western world is still “functioning.” However, its economic output has never been lower; its financial condition never worse; its currencies’ cumulative purchasing power never lower; and its political and social stability at levels last seen during World War II – in all cases, going the wrong direction, and fast. Full Story

By: - 21 August, 2016

Economist and best-selling author Harry S. Dent Jr., returns with positive comments on the PMs sector.
The gold market follows the commodities cycle , which continues to advance. Every investor should allocate 5-10% gold / silver to to their portfolio to improve investment diversification.
Leading Wall Street technician, Ralph Acampora of Altaira Wealth Management returns with his technical view on the markets.
His outlook on the PMs metals is positive; gold could advance above $1,400 per ounce. Full Story

By: Rick Ackerman and Ira Tunik - 21 August, 2016

Although I am not a gold bug and haven’t followed bullion for several years, I found it interesting that for most of the last decade, gold has been the best performer of all the indexes. If gold’s weakness since 2011 is merely a retracement, then the next bull leg could be huge. I looked at this chart while doing comparisons as I start to build another portfolio of long-term stock and option positions. I am also looking to see which index has the farthest to fall when things start to unravel. Full Story

By: Gary Savage - 21 August, 2016

In today's video I discuss my near, intermediate and longer term outlook for the US Dollar. Full Story

By: Dr. Jeffrey Lewis - 21 August, 2016

Physical precious metals investing requires a tough skin, and an open mind willing to grasp a much bigger picture. It also requires the painful admission that just as the past cannot be reincarnated - no one can predict a future that does not exist with certainty. It is a struggle against the religion of fiat finance and the layers of myth, folklore, and idols come and gone. And yet, there will forever exist the group of sound money advocates who cannot help go down the road of making price predictions. Who can blame them? Full Story

By: - 21 August, 2016

Leading Wall Street technician, Ralph Acampora of Altaira Wealth Management returns with his technical view on the markets. Nearly 50 years ago, Stevenson and Bear (1970) outlined an alternative to the EMH, suggesting that markets sometimes display years of long-memory (trends), which can yield oversized expected returns (Waltzek, 2016). Our guest highlights the importance of key investing factors: price, time and sentiment, culminating in a fusion investing approach at the core of the Chartered Market Technicials (CMT) exam. Full Story

By: - 21 August, 2016

Economist and best-selling author Harry S. Dent Jr., returns with positive comments on the PMs sector; the gold market follows the commodities cycle, which continues to advance. Every investor should allocate 5-10% gold / silver to to their portfolio to improve investment diversification. In addition, PMs bargain hunting is in vogue, amid news of huge losses related to security issues in the Bitcoin encryption methodology. Full Story

By: Jim Otis - 21 August, 2016

Gold and silver are in a price correction now, and the summer seasonals pattern has frequently seen lower prices for metals around this time of year. Silver has been much stronger than gold earlier in the year so it would not be surprising if silver corrects more strongly than gold over the next few weeks. I think it is reasonable to hope that both gold and silver will continue to correct to much closer to their channel uptrend lines. My game plan is to have my buying power ready so I can buy into a dip closer to the channel uptrend lines. Needless to say, all readers should DYODD so they can make their own decisions. Good luck and best fortune to all. Cheers! Full Story

By: Andy Sutton and Graham Mehl - 21 August, 2016

The third and final (for now) portion of this series might be a tad anticlimactic. If so, we apologize. Most people know America is in debt beyond comprehension. A small subset of people understand that the numbers published by the government are missing a whole bunch of important items and use accounting methods that would land most business people in prison. An even smaller subset understands the idea of generational accounting. Full Story

By: Steve St. Angelo, SRSrocco Report - 21 August, 2016

While Jim Rickards explains many reasons why it is important to own gold, he leaves out the most important factor. Jim has become one of the more prominent names in the precious metals community due to his strong opinion on owning gold even though he worked on Wall Street (the anti-gold financial establishment) for 35 years. Full Story

By: Rambus - 21 August, 2016

When looking at the short term minute charts things look very volatile in the precious metals complex but the further you look back in time the less volatile the price action becomes. If one is a day trader then the minute charts are the ones to focus in on but if you’re an intermediate term trader perspective is everything. Full Story

By: Dan Norcini - 21 August, 2016

As I have been noting of late, both gold and silver have been trapped in sideways trading patterns for some time now, meaning that there really has not been a whole lot worth saying about the price action in either metal. That MIGHT POSSIBLY be changing in regards to silver. The reason is simple – price is down at the very bottom of the sideways trading range that has been intact for nearly seven weeks. Full Story

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