By: Rory Hall and Dave Kranzler - 27 January, 2017
To date, the price of gold and silver have followed a very similar trading path that was taken by the metals in early 2016, with gold and silver bottoming in mid-December and staging a strong rally through mid-January. Technically, as our Shadow of Truth guest Craig “Turd Ferguson” Hemke point s out, all of the stars were aligned for a take-down of the gold price using paper derivative gold. Full Story
By: Adam Hamilton, Zeal Intelligence - 27 January, 2017
The silver miners’ stocks have surged higher in this young new year, putting the Trumphoria general-stock rally to shame. Following its fourth-quarter drubbing, this tiny contrarian sector is embarking on a major new upleg as traders return. Silver-stock uplegs tend to grow to massive proportions, and silver-mining fundamentals remain strong today. So odds are the silver stocks are going to power far higher in 2017. Full Story
Wednesday saw an historic event take place. The Dow Jones broke through the 20,000 mark for the first time ever. Broadcasters broke out into song and into praise, others hailed it as a great triumph and a sign of great things to come. But is it? This, in my mind, is not something that should be rejoiced. It is not something to write home about and focus on, for at the core of these markets is a rot that is there for all to see - if you only look hard enough. Full Story
Top Wall Street Chartered Technical Analyst (CTA), Ralph Acampora of Altaira Wealth Management returns with his outlook on US equities and the PMs. With the Dow Jones Industrials over 20,000, a new record, our guest outlines why stocks could still be undervalued by 10% and even surprise the bulls. Pushing shares higher, expectations of an economic renaissance fomented by the new Administration. Full Story
It is difficult to maximize success as an Investor (or to adequately understand or participate effectively in Politics) without making a clear distinction between Nationalists /Internationalists on one hand and Globalists on the other. Full Story
The easy pattern of prolonged trade negotiations has been rudely interrupted by President Trump. Even before he had become President his anticipated presence in the White House changed global attitudes and expectations. In Europe, EU officials are wrong-footed, while British trade officials cannot believe their luck. Full Story
As everyone already knows, the Fed has finally hiked its interest rates for the second time in a decade and for the first time since December 2015, when it ended the zero interest rate policy. The chart below shows the current level of the effective federal funds rate after the recent move. Full Story
Every time gold and silver prices have a good run, there tends to be a proliferation of sensationalistic articles that state something to the effect of “gold ready to break out to new highs now” or “silver about to surge tremendously”. To such sensationalistic articles, I always say, pay no attention to them, because no one really can ever predict the exact date when gold will surge by $100 and silver by $3 or $4 in a single trading session, as these events are likely to happen at some point in the future when most people are not expecting it to happen, and not during a time when everyone is expecting it to happen. Full Story
By: Rick Ackerman, Rick's Picks - 27 January, 2017
The futures appear headed to the 16.580 target shown. I posted this Hidden Pivot support in the chat room Thursday morning, but it was probably of little help to traders because of the downtrend’s rabid demeanor. I am not suggesting bottom-fishing with the usual penny-ante stop-loss, since the target closely coincides with some important lows from mid-January. Full Story
Most readers of this column own (or plan to own) physical precious metals – gold and silver, perhaps even some platinum or palladium. They may also own mining stocks. But which category is "best"? It's like asking, "What's the most efficient exercise?" or "What's the best fishing lure?" Truth be known, it's really about what you wish to accomplish! Here is my considered opinion... Full Story
We see the forensic "finger prints" all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed's CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 "TAPER" ended in October 2014. We do know for a fact that the BOJ, SNB, PBOC, Norwegian and other central banks have been doing this as matter of normal monetary policy for some time and that 80% of all these central banks said they plan on buying more stocks this year with a significant amount of that buying in US exchange traded equities. Full Story
Bill Murphy of GATA.org and the host discuss the prospects for the PMs sector in 2017. According to Bix Weir, a 1/1 gold / silver ratio is merely a matter of time as emerging technologies increasingly rely on silver. Case in point, silver is key to smog correction devices, which are in high demand in China due to the rise of the increasingly affluent middle class. Full Story
By: Steve St. Angelo, SRSrocco Report - 26 January, 2017
According to historical official records, the price of gold should be 20 times higher than the current market price. While many precious metals investors have heard about the revaluation of gold to back the outstanding fiat currency, my analysis focuses on monetary gold stocks versus global GDP (Gross Domestic Product). Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 26 January, 2017
On December 7, 2016, Italy's Prime Minister Matteo Renzi resigned following defeat in a national referendum, that he had supported, that would have changed the country's parliamentary system. The development, which represents just the latest sign of anti-EU sentiment spreading throughout Europe, was felt acutely by Italy's troubled banking sector. In particular, the Banca Monte dei Paschi di Siena (MdP) has been teetering on the brink of collapse and now may stand as a case study that may be encountered by other EU member nations. Full Story
By: Jordan Roy-Byrne, CMT, MFTA - 26 January, 2017
As Gold and gold mining stocks approach strong resistance, we wonder if the outcome will be a sharp selloff or a period of bullish consolidation. While there are a handful of things we can examine (sentiment, momentum, relative strength, etc), today we will focus on Gold and its relative strength against two key markets. How Gold fares against Bonds and foreign currencies in the weeks ahead could be a hint of its trend heading into spring. Full Story
Commodity investors have had to endure a dry spell for a while now, but those days are starting to look as if they might be behind us. We see encouraging signs that a bottom has been reached and a new commodities super-cycle has begun, as global manufacturing expansion and inflation are finally gathering steam following the financial crisis more than eight years ago. Full Story
By: Rick Ackerman, Rick's Picks - 26 January, 2017
I had proffered a 2324.00 Hidden Pivot here yesterday as a swing-for-the-fence number, but during this morning’s weekly tutorial session — attended by a record 30 webinar grads! — we were able to identify a new and even more ambitious target at 2403.30. Judging from the way buyers ripped through the red line (see inset), a midpoint ‘hidden’ resistance at 2213.15, I’d estimate that the 2403.30 target has about a 70% chance of being reached. If so, the move would equate to a 1000-point rally in the Dow Industrials, to around 21,049. This scenario seems implausible with a housing bust shaping up in the background. Full Story
Sound money principles can serve to help grow the economy and restrain government. The political class, however, doesn’t particularly want to restrain itself. Washington, D.C. is addicted to the easy money policies that have enabled $20 trillion in national debt accumulation and tens of trillions more in unfunded liabilities. Full Story
The consensus view is that Trump’s Presidency will continue to maintain a strong $USD. This view is beyond incorrect. The surge in the $USD has in fact been based on the Bank of Japan taking advantage of the window between the election and Obama leaving office to aggressively devalue the Yen. Full Story
After a decade’s worth of sharply detailed and psychologically painful analysis, Dr. Rudolph Rummel determined that in the 20th Century, governments killed 262 million of their own citizens. This was in addition to the roughly 40 million persons killed in combat during the same century, in government-waged wars. In all, governments were responsible for the murder of more than 300,000,000 people in the 1900s alone. Full Story
By: Mike Gleason and David Smith - 25 January, 2017
There are a lot of conflicting currents out there and trying to make sense of it all can be really difficult. I think what's really important is that people need to have a plan that takes into account the fact that there are a lot of unknowns, but yet if they are a believer in the gold and sliver story, as we are, they should be accumulating. Full Story
There are forces at work in the real world that are either for us or against us, depending on who uses them. Two of those forces are technology and economics. Most of us use technology as a force that is “with us,” that has given us the World Wide Web, iPhones, Skype, 3D printing of human body parts, the Cloud, powerhouse websites like Amazon and Facebook, libertarian websites like this one, Kahn Academy, The Ron Paul Curriculum, real-time language translation, and much more. Full Story
Before I expand further, I need to point out that discussing portfolio allocation in the context of politics is bizarre, as, in my experience, today's breed of investors - and this may well include you - are looking for an "investment experience." In an era where stocks have gone up and up for years, where buying the dips has been a profitable strategy, does it really matter what you invest in? So, it appears to me, many invest in what appears warm and fuzzy to them. Full Story
Sharia law recently added gold to the basket of commodities that are acceptable ribawi for the 1.7 muslims on planet earth. According to Andy Hoffman, there are approximately 400 million that have the ways and means of building wealth and acquiring gold. If we use a small fraction of a percent of 400 million, for example – one tenth of one percent, we find that approximately 4 million new gold bugs could be entering the market. It’s important to note that silver is also part of this basket of ribawi, gold is just the latest to be added. Full Story
Bulls and bears in this complex probably need a Xanax by now. This market has swung so dramatically over the last several years that many are probably so whipsawed that they don’t know which way is up. But, for now, the market is setting up in a manner to take us up even further in 2017, and potentially even further than many believe. Full Story
While Donald Trump's election has altered a number of aspects of the economy, investors cannot ignore economic trends that were in place before the election, says Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management. In this interview with The Gold Report, he discusses those trends and how they may be changed by Trump's election, why he is bullish on gold and which sectors he expects to thrive in the Trump era. Full Story
If we hope to live within our means interest rates can never be allowed to rise. But if interest rates don’t rise, the Fed is forced to create a tsunami of new dollars to keep rates low, and must take its chances with inflation, currency war, crack-up boom, and all the other black swans that live in the land of monetary excess. Which is why the sound money community keeps harping on gold. All the politically-acceptable policy options have inflation/devaluation at their core, and those things are always and everywhere great for real assets. Full Story
Donald “The Golden Trumpster” Trump may or may not make debt-soaked America great (he likely won’t), but he’s almost certainly going to make gold ownership a great investment during his presidency. I will dare to suggest it’s time for the Western gold community to throw a bit of caution to the wind, and sit back and enjoy this gold price rally. This is a rally that seems poised to accelerate in quite a shocking way, as the Golden Trumpster makes one dollar-negative move after another! Full Story
Gold and silver are off to a good start in 2017, advancing again last week into Donald Trump’s inauguration. If recent history is a guide, this year could bring some nice gains in precious metals. Bloomberg reports there have been gains in the gold market in the year following 6 of the past 7 presidents’ first inauguration. The average gain is 15%, dramatically outperforming the SPX 500 which loses, on average, about 1%. Full Story
Gold is one of six ribawi items (the others being silver, salt, wheat, dates and barley), which are the staples of life. Strict rules are applied to ribawi to ensure injustice and inequality between transacting parties are prevented. Therefore, throughout Islamic history, gold has had a special significance as both a commodity and money. Logically, there is an understanding that gold is different from government-issued currency. And, therefore, the lawful possession of your own money, such as through a Goldmoney account or Holding, is different to being a creditor of a bank. Full Story
I don’t believe there’s ever been such a meaningful and potentially consequential transfer of power in U.S. history, with the incoming president all but promising to undo every last policy of his predecessor, line by line. That Obama peacefully and cordially handed over the executive office to a man who led the charge in questioning his legitimacy for a number of years is a testament to the strength and durability of our democratic process. Full Story
Why do gold and silver prices top overnight and come into New York cash market down significantly off the highs almost every day? Answer: The futures market that trades 24-hours a day, populated by the big gamblers and hedge funds that have the most profound effect in driving prices of all factors. These people place their bets and takes their chances and all physical market investors are taken along for the ride – good or bad. Full Story
The best performing precious metal for the week was palladium with a gain of 4.92 percent. Most of the gains came on Friday after Sibanya Gold’s proposed acquisition of Stillwater Mining passed U.S. antitrust conditions. Not only does Stillwater produce palladium, it’s also one of the largest recyclers of used automobile catalytic converters. James Steel of HSBC noted that the supply of palladium has stagnated in recent years while auto sales have soared. Full Story
This article and a sequel article together chronicle a long-running investigation that has attempted, with limited success to date, to establish a number of basic details about Ireland’s official monetary gold reserves, basic details such as whether this gold is actually allocated, what type of storage contract the gold is stored under, and supporting documentation in the form of a gold bar weight list. Ireland’s gold reserves are held by the Central Bank of Ireland but are predominantly stored (supposedly) with the Bank of England in London. Full Story
Bob Hoye of Institutional Advisors rejoins the show with positive insights on the PMs sector noting a nascent cyclical bull market in the PMs miners. Now that the first significant correction is passing, increased exposure to enticing gold / silver stocks is advisable. Adding to the appeal of PMs investments, increased tensions between member nations and the EU, such as France, Italy, Portugal and Spain. Full Story
China launched the One Belt One Road (OBOR) project 5+ years ago and made their first rail delivery in February 2016. China has been stock piling commodities, especially base metals, like copper and steel, for the past 2+ years in order to produce all the finished goods necessary to construct the largest infrastructure the world has ever seen. In 2016 we witnessed close to a doubling of the market price for iron ore and Alasdair sees this trend continuing into 2017. Full Story
The action favored bettors this holiday-shortened week (Monday was Martin Luther King day in the US), with the price of gold up 13 bucks and silver up 26 cents. We noticed a worrisome remark by newly inaugurated President Trump. The strong dollar of the past 20 years, he said, is not good for American competitiveness. Let’s just tackle this straight on. Actually, we will address three distinct issues. Full Story
Now that Donald Trump has been sworn in, Americans will start getting some glimpses of what his presidency actually means. Here are some educated guesses of what to expect when it comes to sound money issues, based on what we know before the kick-off of Trump’s administration. Full Story
I have been in Washington DC for the last three days. The ostensible reason was to participate in a board meeting of a public company, Ashford Inc. (AINC). We manage hotel REITs that own three hotels here in DC, and the group decided to move our board meeting up a few weeks and hold it in DC during the inauguration. That gave me the opportunity to set up a few meetings to try to gain some insight into what the first 100 days, the first six months, and the first year of the Trump administration might look like. Full Story
After being mostly off the grid on Friday, I listened to the Trump inauguration speech on Saturday morning. While I have lots of thoughts and opinions, I want to focus on an item where I am qualified; namely my former area of expertise as someone who was in essence told by the media over and over again “you don’t exist”, while the consumerist, financialized and globalized economy flourished. By “you” I of course mean me, an owner of a small American manufacturing business. My area of focus from the speech… Full Story
A longer term view of the 20 month moving average on mining stocks suggests that a new bull market is well underway. This moving average has not only been recently retested but is rising as in previous bull markets. The negative sentiment extreme reached several weeks ago is providing the fuel for this first leg higher. Full Story
By: Rick Ackerman, Rick's Picks - 23 January, 2017
February Gold did everything we asked of it on Friday, clearing the way for a push to the 1226.90 target given here earlier. As always, a move that easily exceeds the target, in this case by perhaps $2-$3, would affirm the robustness of the rally and the likelihood that it will continue. The short-term outlook would brighten even more if bulls can surpass mid-November’s 1236.10 ‘external’ peak (see inset), especially if they achieve this feat without taking a noticeable breather. Full Story
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