The entire Western financial systemic, complete with USDollar-based foundation platforms, is breaking down. The breakdown is in full view, very noticeable, in almost every arena. What happened in 2008 with the Lehman Brothers failure event is currently underway with almost every single financial platform, structural entity, financial market, banking structure, and arena. In response to the Lehman killjob event, where JPMorgan and Goldman Sachs strangled the victim firm (by denying Lehman proceeds on countless asset sales), the entire Western financial system has been lashed together, tied together, and connected among its many member parts. Full Story
By: Steve St. Angelo, SRSrocco Report - 27 May, 2016
It is my privilege now to welcome in Steve St. Angelo of The SRSrocco Report. Steve is an independent researcher and investor who follows the precious metals and energies markets like few others, and has one of the very best content based websites in our entire industry. Steve, welcome back, it's good to talk to you again. Full Story
By: Adam Hamilton, Zeal Intelligence - 27 May, 2016
The smaller gold-mining and exploration stocks have enjoyed an amazing year, soaring with gold’s new bull market. Many have more than doubled since mid-January, and some have more than tripled at best in that short span. Are such spectacular gains fundamentally-justified, or merely the result of ephemeral sentiment that could vanish anytime? The gold juniors’ recently-reported Q1’16 results offer great insights. Full Story
Today, we're continuing our conversation with Crisis Investing editor Nick Giambruno. Yesterday, Nick explained the ins and outs of crisis investing…and what he looks for in a good crisis investment. In part two, Nick shares two key markets he's keeping an eye on today… Full Story
Crisis investing is basically buying elite companies in beaten-up countries or industries. When there’s a crisis, most people only see danger. But it’s actually an opportunity. A crisis often allows you to buy a dollar’s worth of assets for a dime…or less. Many of the world’s greatest investors have made their fortunes this way…but anyone can do it. You don’t need be rich or well-connected. You don’t even need to travel to do it. Full Story
Gold is perhaps the most maligned asset class in the world. On an almost weekly basis the financial media mocks Gold and publishes articles claiming it is a terrible investment. It’s rather odd, as less than 1% of investors actually owns Gold. Why is it so important to trash an asset class that almost no one actually owns? Actually, forget that question, I’d like to see answers to these questions instead… Full Story
I sat down with James Turk, Gold Money and BitGold to discuss the specifics of how Gold Pay and Gold Payout work. For all you cryptocurrency fans please take note. The technology, the blockchain, has already been compromised by the big banks. Blythe Masters, the devil in a dress, is tasked with developing a cryptocurrency to compete with bitcoin, litecoin and all the other incarnations. Do you think the other members of the banking cabal are going to use one of the cryptocurrencies currently available or will they use the one that has manipulation, exit gates and all the other deviant mechanisms already built in? Full Story
By: Steve St. Angelo, SRSrocco Report - 27 May, 2016
Investors better be prepared as the next crash of the U.S. economy is coming. This is not based on hype or speculation, rather due to the disintegration of the underlying fundamentals. Matter-a-fact, the fundamentals are so completely AWFUL, that the next market crash will make 2008 look quite tame indeed. Full Story
Gold began a stage two bull market this year when gold prices decisively went through their 200-day moving averages so much that those moving averages are now trending up and we can expect them to act as support for the next three to five years at the minimum, because that is how long most bull markets last. Full Story
Calling for a correction since March-April has allowed me to seesaw back and forth but as we have all been arguing and sniping and chirping over the next $100 move, the gold price has moved sideways in perhaps a $50 band while the bankster banditos have raided the vault. With gold printing $1,235 this morning and the Commercials short roughly 300,000 contracts, on a notional basis, every $10 down move is a $300 million improvement on a marked-to-market basis. More importantly, support lines on everybody's charts are breaking like wind at a bean-eating contest, so this week could easily be a nasty one. Full Story
Carl Icahn and George Soros are two incredibly influential and well respected investors who have recently turned against the markets and taken on large short positions. These investors, as I have recently written about, are forecasting doom and gloom in our future and envisioning a time of collapsing prices in the markets. They should not be ignored, nor should they be dismissed. Full Story
Meanwhile, let’s leave the article with a look at the sensitive inflation indicator, silver vs. gold. It is a nice inter-market companion to the early economic signal in the Semi sector. The daily chart of Silver-Gold has been flagging down to support. Has it found support yet or will silver correct further vs. gold? An open question, but what is near certain is that if an inflationary phase is to engage Silver-Gold will once again rise. So keep it in view. Full Story
Canada’s temporary oil supply interruption could go away as quickly as Libya’s did, causing the supply glut in the US to build at a quicker pace. US refiners also still have 10,000,000 barrels of crude in floating storage in the Houston area. And US oil rig count finally ended eight consecutive weeks of free fall, holding flat last week. Nigeria’s production, which helped pick up oil prices when it fell due to attacks on Nigeria’s pipelines, is already returning toward normal. Full Story
Time from high to low in the 2000 cycle was 931 days – about 2.5 years. The 2007 cycle was deeper and quicker – 511 days or about 1.4 years. Assume the range for the 2015 cycle is longer than the last cycle, since it appears to have an extended and rounded top – so guess that high to low takes about 2 – 2.5 years – which suggests a low about 2017Q2 – 2017Q4. Full Story
Central bankers wanted to put the fear of God into the masses and to a large degree they have succeeded in doing so; the masses are so afraid that they continue to hoard their money and refuse to put into the market, and that is why this Bull-Market is the most hated in history. Nine years and counting and you would think by now they would have surrendered these false beliefs as the Bears have been decapitated, and the naysayers are hiding in the woodwork. However, ignorance, like stupidity knows no limits and continues to trend upwards; if there were a way to invest in stupidity it would be an easy way to score a home run. Full Story
A very enthusiastic Goldseek Radio listener applauds the show for having The Forecaster, Martin Armstrong as a guest. Long time listener and regular caller, George is increasingly concerned by Keynesian and Monetarist policies. The host agrees, finding parallels with current policymakers and the myth of King Canute, who was purportedly confounded by his own hubris, convinced he could command the tides. In similar fashion, economic policies cannot command the economic waves. In principal the methods are useful only for short-term, emergencies as first proposed. Full Story
By: Steve St. Angelo, SRSrocco Report - 26 May, 2016
The Royal Canadian Mint just published its Q1 2016 Report, and the silver bullion coin sales figures were stunning to say the least. Not only did sales of Canadian Silver Maple Leafs surpass its previous record during the third quarter last year, it did so by a wide margin. Full Story
Our bottom line is not to point fingers or accuse, but to issue a challenge to everyone – ourselves included. The challenge is not to pin your personal financial situation or the earning of your daily bread on advertisers, clicks, or sales. The challenge is that we all stay true to the courage of our convictions and speak them – loudly. It might sound old and cliché, but as events progress, we are living in more and more dangerous times. Full Story
GDX recouped all of Wednesday’s early-morning losses to close up on the day, but not before doing some damage to the daily chart. The 21.94 intraday bottom exceeded an important ‘external’ low at 22.37 (see inset) recorded on April 25, generating the first bearish impulse leg of daily-chart degree since mid-January. The effect would be compounded if the decline surpasses yet another key low at 21.30 without an intervening upward correction. Full Story
With this in mind some billionaires, as well as investors and financial advisors, have the right concept of portfolio diversification but the wrong execution. ETF shares, certificates, and futures contracts are all proxies or derivatives of physical gold. What good is insurance if the insurance company is insolvent when your house burns down? In order to receive the benefits that gold has offered for thousands of years, investors need to own physical gold, not a financial asset, derivative, or gold proxy. Full Story
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia and China accounting for most of the activity. The second half of 2015 saw the most robust purchasing on record, according to the World Gold Council (WGC). Full Story
Have you ever wondered "who" would be blamed this time around? To this point, we speak about the "Lehman moment" when we look back at 2008. Of course it was not Lehman's fault as they were forced, sacrificed or purposely destroyed, however you'd like to describe it. The way I saw it, the banking system needed an injection of capital, cheap capital and lots of it. The only way to get public funds was to "create" an emergency BEFORE the emergency became all engulfing, this is exactly what they did. Full Story
"In difficult times, fashion is always outrageous" Fool me once shame on you, fool me three times, well – that’s a trend. Despite the incessant clarion calls from the deflationist’s camp that the waters are once again lapping at the levees, we see a more pragmatic outcome developing, one that turns the capital tide from our shores to theirs, on the back of a weaker US dollar and rising inflation expectations. Full Story
Head of the Trends Research Institute, Gerald Celente outlines the bullish case for gold - the yellow metal is up 15%+ in 2016. According to the Trends Research Institute, gold is destined to cross $1,400 on the way to $2,000 an ounce. In the US, crushing debt and meager annual incomes of approximately $30,000 make buying a home and rearing a family unaffordable luxuries for the masses. Modern financial markets are plagued by numerous unprecidented economic developments. Full Story
Back in April, the Fed made it clear that they want to hike interest rates several times this year. And, when the metals complex began to rise after that announcement, many were certain that the Fed was the catalyst that made the complex rise. This past week, the Fed released the minutes from its last meeting, which contained no surprises, and restated their plans. Yet, instead of the market reacting in the same way as its last statement of raising rates this year, the metals went in the exact opposite direction. Full Story
Bears were trapped at Tuesday’s close, victims of last week’s hawkish announcement from the Fed. Ordinarily, expectations that the fed funds rate may be about to rise by 25 or perhaps even 50 basis points would not be cause for celebration. This time, however, Wall Street seems emboldened by its ability to take the Fed’s best punch without buckling. The initial price gyrations on the most recent Fed kabuki gave way to a short squeeze rally that has added 411 points to the Dow in the last four days. Full Story
In a precious metals bull market, the Barricks of the world will be huge winners. And the impact of a few acquisitions on all the other candidates can be hugely positive, a rising tide that lifts even leaky boats. So the ever-present bankruptcy risk in the typical junior miner is lessened by the new, somewhat indiscriminate capital flowing in. The upshot: junior mining stocks become a little less profitable as a group but also considerably less risky. Full Story
The news unfortunately just keeps getting worse for customers and creditors of Northwest Territorial Mint. The prominent bullion dealer located near Seattle, Washington filed for bankruptcy court protection at the end of March. The losses of customers who never received delivery of orders plus the losses of other creditors could be as high as $50 million, according to news reports. Full Story
This rookie mistake is a little surprising since Rogoff's biography identifies him as having been the chief economist for the International Monetary Fund from 2001 to 2003, a period beginning just two years after the agency's staff reported secretly to the agency's board that major IMF member governments were concealing their gold leases and swaps to facilitate their surreptitious interventions in the gold and currency markets. Full Story
Chris welcomes Bob Hoye, senior investment strategist at Institutional Advisors who makes investing entertaining. His research indicates the 100 year fiat monetary experiment in fiat money has failed, which could lead to an epic economic earthquake The discussion includes a compelling forward indicator of gold price, the implied volatility (IV) of the gold etf (GLD) options. Full Story
First it was Stan Druckenmiller, now it’s George Soros. Following billionaire former hedge fund manager Druckenmiller’s announcement that gold was his family office fund’s largest currency allocation, we learned last week that his old boss, billionaire investor George Soros, purchased a $264 million stake in Barrick Gold, the world’s largest gold producer, after liquidating $3.5 billion in U.S.-listed stocks. Additionally, he disclosed owning call options on a gold ETF. Full Story
The supposed thinking machines evidently can’t stop themselves from gobbling up shares whenever there’s a hint of easing in the air. A cynic might suspect that the Fed created room for a potent easing ‘surprise’ when it announced that tightening ‘might’ be coming in June. Their calculation is rooted in the fact that almost no one believes the Fed is serious about raising rates significantly. Thus, the threat of doing so has less impact on stocks than a well-timed flourish of dovish hocus-pocus. Full Story
Peter Grandich of Peter Grandich and Company rejoins the show with positive comments on the PMs and crude oil, markets. Our guest expects gold to reach $1,400-$1,500 in 2016. Leading Wall Street technician, Ralph Acampora of Altaira Wealth Management returns to the show with an overview of key support levels in the markets. Ralph Acampora agrees with several recent guests that gold and silver have seen their lows - selloffs present buying opportunities. Full Story
That’s the way it is in the economy today – the bipolar mindset of people today has managed the situation into a corner – it’s all or nothing – it’s greed. It’s the status quo or collapse and reset – with no in between. You are either in the top 1% and exploiting the masses in crony capitalism castles– or you are nowhere – going backwards in living standards, income, mental heath – you name it. It’s the laws of the jungle come home to mankind. Full Story
This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve tried to push back up to that distant high that means new life several times, but each time the market falls into a pit again. Full Story
In BCA’s weekly report, the research group writes “Investors are making a huge mistake in thinking that central banks are out of bullets…helicopter money is coming.” They go on to explain that once deployed, this policy will be more successful than people imagine. Full Story
Peter Grandich of Peter Grandich and Company rejoins the show with positive comments on the PMs and crude oil, markets. Our guest expects gold to reach $1,400-$1,500 in 2016. Ralph Acampora agrees with several recent guests that gold and silver have seen their lows - selloffs present buying opportunities. Full Story
Analysis like this tends to be early to the party, as it was in January of 2013 well before the economic turnaround (such as it was) had become obvious to a majority. Indeed a challenge I continually have is to read signals yet remain in the moment of what is happening in the here and now and what the herd is doing. Right now the herd has gold fever and to this point at least, that has been the right stance as indicated by the first two charts above, among other things. Full Story
By: Steve St. Angelo, SRSrocco Report - 22 May, 2016
This gold chart should have Central Banks extremely worried. Why? Because the change in physical gold and Central Bank demand since the first crash of the U.S. and global markets in 2008 is literally off the charts. I advise precious metals investors not to focus on the short-term gold price movement, rather they should concentrate on the long-term trend changes. This is where the ultimate payoff will be by investing in gold. Now, I say “INVESTING”, in gold because that is what we are doing. Full Story
Taking a step back and looking at a 4 year weekly view lends perspective. In late 2015 we have a final bottom in the bear market taking the form of an inverted HS bottom. Gold then rocketed up in an impulse move of 19% before consolidating. This consolidation took the form of a pennant which may possibly be a half-way pattern. If so an impulse to impulse measured move would project gold to about the $1475 level. Last weeks action appears to have been a shake out back test of the pennant. Full Story
What the US side apparently does not grasp, and which we have mentioned repeatedly here at this site, is that a weaker Yen is the lynch pin in the entire Prime Minister Abe economic recovery plan. Abe campaigned on this issue and MUST PERFORM if he is to stay in office. Take away a weak Yen and the entirety of his strategy for revitalizing Japan’s economy comes crumbling down. What do you think will happen to his party ( Liberal Democratic Party) at the voting booth if he fails? He knows that, Finance Minister Aso knows that and most everyone in the Abe administration knows that. Apparently the US delegation does not. Full Story
I have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years. That’s right. Research from no other place than Wall Street, itself, indicates that almost all of the returns since 2009 have been due to stock share buybacks! Full Story
If you try hard enough you can always find a set of moving averages that will confirm your bias. The 50/100 week exponential moving average cross has never generated a false signal in 36 years. It’s confirming what I’ve been saying all along. No bear market. Full Story
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