By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 June, 2014
Since the Barclays trader was found guilty of manipulating gold prices and Barclays fined $44 million, the entire “Fixing” process has come under the spotlight. The bankster involved is thought to reflect one or maybe other ‘rogue’ traders, not a condemnation of the whole process of the “Gold Fix” by the banking fraternity. Full Story
As you can see in the chart below, even as we are consistently reminded that the stock market is trading at record highs, gold remains the best performer on the year thus far -- better than Treasuries, the euro, commodities, farmland, NASDAQ and the Dow Jones Industrial Average, better even than silver. The nearly 10% appreciation in the price began under what we believe to have been oversold conditions at roughly $1200 per ounce Full Story
By: Adam Hamilton, Zeal Intelligence - 27 June, 2014
Gold stocks have defied the odds to blast higher in the early summer doldrums. Investors have flocked back in recent weeks, their heavy buying driving record June-to-date gains. If this newfound momentum continues, gold stocks have the potential to achieve a record summer. With their exceptionally-bullish technicals this is certainly possible, but remains a tall order unless gold’s rare summer rally resumes. Full Story
It is one thing to label (libel?) the world’s most important precious metals exchange as the most corrupt; but perhaps quite another to prove it in terms beyond reasonable doubt. First, let me be clear in what I am asserting – the Commodities Exchange Inc. (COMEX), owned and operated by the CME Group, has come to control and manipulate the price of gold and silver, as well as copper, for the sole benefit of certain exchange insiders, most prominently JPMorgan. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 27 June, 2014
GATA can compile and publicize the documentation and other evidence of gold price suppression, explain its purposes, and explain why people should care, but GATA cannot make people care. Gold price suppression may end for any of the reasons cited above, or for other reasons, but it will end when enough people care about it. To determine how long that will take, you'll have to ask the people who don't care, not GATA. GATA can only plod on in the hope that if we're right and doing the right thing, the world will come round, if only in God's time, not ours. Full Story
As for gold, it simply has monetary value and it is going to get where it is going. Watch point 4 on the first chart above and have patience and perspective. People are falling all over themselves lately jumping from the gold bear to gold bull camp (and in some cases right back again) and they are increasing your noise level. Full Story
The incandescent light bulb was invented in the very early 1800s, but at that time was a device too crude and impractical for mass adoption. Over the next 80 years, at least 20 inventors contributed to its improvement, until, in 1880, Thomas Edison developed and patented a bulb that would last a miraculous 1,200 hours. Edison’s product was the first to offer the levels of functionality, durability, and affordability necessary for widespread commercial appeal. That’s why he gets credit for inventing the light bulb, even though he was decades late to the party. Full Story
One hundred years ago this week World War I commenced and the specter of World War III is at our doorstep. Secretary of State John Kerry unilaterally surrendered to ISIS in Iraq by stating unequivocally to regional powers that the conflict will not be solved by military means. The very idea that ISIS will sit down at any table and peacefully resolve any issues is a fairytale. The ISLAMIC Caliphate is on a mission from GOD and will not be dealing with infidels in any manner other than their demise or the threat of their own demise. It is as simple as that. As I have said previously: World War III has commenced, it just hasn’t been publically admitted yet. Kerry’s statements are the height of irresponsibility to the American people. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 27 June, 2014
The current situation in Iraq is a modern tragedy. But in more practical terms it is a very stark illustration of the folly of central planning and the limits of state power in the face of entrenched traditions and proven history. Although the parallels aren't perfect, the rapid dissolution of the puppet Iraqi state can offer some stark lessons to those who are optimistic about our current experiment in central bank dominated economic planning. Full Story
Throughout history, humanity has been plagued by the irresistible urge to accrue wealth at the expense of others. In financial markets, this cancer has been particularly malignant; but never like today, given the advanced “tool chest” of “new age” fraudsters. Throughout history, fiat money has caused more financial, mental and in some cases physical pain than any such tool. However who could have conceived the damage it could cause when combined with high frequency trading algorithms, worldwide propaganda dissemination networks and a banking system that owns the government? Full Story
The gold and silver miners have cooled off in recent days after a red-hot start to the summer. Could this cool off be the start of another move lower or a pause before another leg higher? We continue to be bullish and a new reason is the sudden strength in the monthly and even quarterly charts. For larger or developing trends, monthly charts supersede weekly charts, which supersede daily charts. With only two days left, the gold and silver miners are poised to end the month and quarter with their strength intact. Full Story
A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) entitled Global Public Investor 2014 discussed the investment strategies of 400 government investors split into 157 central banks, 156 government pension funds and 87 sovereign wealth funds, with $29 trillion at their disposal. We normally assume that government pension and sovereign wealth funds are invested to maximise returns and are not used for political and economic purposes, but the same cannot be said of central banks. Full Story
Jim Goddard: Gold and silver versus petrodollar perils, maybe explain to us what you feel that is and why investors should be concerned about it. David Smith: Well, the petrodollar is a term for US dollars that are used by different countries in exchange for buying petroleum and other goods. It’s extensive enough that it has come to be called the reserve currency of the world – but now that status is beginning to change. Full Story
A Major Goal of the intensifying Mega-Bank Markets Interventions is arguably continued Mega-Bank Profits from (aka Parasitism on) the Economies which Support them. A Factual Overview is essential to understand this phenomenon and to Profit and Protect. Full Story
Oil; black gold. Oil is the global economy’s lifeblood. Without it, the global economy would probably return to the 17th century or worse. Oil demand just keeps going up. It is a constant battle to find new sources and keep what resources there are. Everyone is competing for it and wars have been fought over control of it to this day. It is undoubtedly the most political of the commodities. Full Story
To paraphrase Scottish novelist Andrew Lang, some people use statistics like a drunk uses lampposts—for support rather than illumination. Numbers can be twisted and abused to support false claims, and even correct data is sometimes misinterpreted. Full Story
Crude oil prices have many reasons to explode higher and few to drop lower. The trend has been up for more than a decade. Central banks will print, politicians will instigate more wars and invasions, and each euro, yen, and dollar will purchase even less crude oil and gasoline. It is business as usual, but with an extra dollop of chaos, war, and price inflation tossed into the mix…. Full Story
In capitalism’s end game, leveraged debt fatally destabilizes the supply and demand dynamic necessary for stable economic activity. Understanding this is critical to understanding why capitalism today is failing. In the banker’s ponzi-scheme of credit and debt, debt-based money is created through central bank credit. Usually, the central banks’ constant expansion of the money supply results in rising prices, i.e. inflation. In the end game, however, this is no longer true. Full Story
In tonight’s report I would like to take a good hard unbiased look at some of the big cap precious metals stocks that have been in rally mode since the first of June. This rally has been pretty impressive so far but is it the real thing? Last night I showed you some charts on the GDM going from the 60 minute short term look to a year and a half look that showed the two big patterns we have in place right now, the falling flag and the inverse H&S bottom. Full Story
So far in the past 6 months gold has made two important lows, a December 2013 low and a June 2014 low. The June 2014 low was a fake breakdown turned fast move higher. This is very important, since every rally in gold has failed for the past couple of years during this bear market. Now we finally have a breakdown in gold that failed, a bullish omen. But a hidden piece of information that is just as bullish as this failed breakdown is how certain mining stocks are behaving. Full Story
One of the major reasons my colleagues and I are so bullish on platinum group metals (PGM)—palladium, in particular—is because of the intractable problems with supply. But most of the producers are backed into corners, with few options for improving their outlook. There’s simply no way for these metals to avoid a long-term production deficit due to the deep-seated problems with the companies that produce them. Full Story
1) Gold helps investors diversify their portfolios. 2) Gold is a great store of value. 3) Gold helps protect against inflation and other risks. 4) Gold demand is driven by a growing east, while grades are dropping and new discoveries are more scarce. 5) Gold stocks are as cheap as they have ever been, using the GDX as a proxy. Full Story
A precious metal which has over 80% of its annual production coming from just two countries? Considerably rarer than its cousin, platinum – known by the Spanish Conquistadors as “little silver” - yet sells for a bit more than half as much? Like silver, a “two-doors” metal with both vital industrial applications and increasing investor interest? And like these metals, it can be bought and sold by investors in the form of bullion coins and ingots? That metal is palladium. Full Story
As an investor and a speculator I am mostly interested in Cyclical Markets (Cyclical Bull or Bear Markets). On average Cyclical Bull Markets last between 4 and 5 years and Cyclical Bear Markets last between 2 and 3 years. Cyclical Markets occur within Secular Markets that define the long term trend. Over the last 100 years, history has shown that the Dow Jones Secular Markets last about 17-18 years on average. For example the Secular Bull Market from 1945 to 1963 lasted 18 years and made over 350% gains, the Secular Bull Market from 1982 to 2000 lasted also 18 years and made over 1 000% gains. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 25 June, 2014
Gold researcher and GATA consultant Koos Jansen today reports confirmation from the chairman of the Shanghai Gold Exchange that offtake from the exchange exceeded 2,000 tonnes in 2013, nearly doubling the estimate of Chinese gold demand made by the World Gold Council. Jansen also reports the assertion by the chief of the precious metals department of Industrial and Commercial Bank of China, the world's largest bank, that pricing for gold will shift from the derivatives market to the physical market. Full Story
After making fools of the gold stock bears the initial thrust off of the right side of the bottoming pattern is making heroes of the bulls, especially those who remained steadfast in their bullishness throughout the bear market. Indeed, there is now some chest thumping going on by Team PermaBull. Full Story
Global fundamentals for gold are bullish. Let’s do a quick review of the facts. Narendra Modi has been elected to build gold-obsessed India into the world’s largest economy. In China, the government’s plan to transition the economy from export-based to consumption-based is proceeding well, with only a tiny drop in GDP occurring. In Europe, Mario Draghi is considering implementing QE, and he’s committed to doing “whatever it takes” (money printing) to increase growth there. Full Story
My grandmother refused to share the heart-wrenching details until I was in the Marine Corps. I’d heard bits and pieces about my ne’er-do-well father but didn’t fully grasp the devastation he’d left behind until Grandmother spilled the story with tears in her eyes: Full Story
By: Steve Saville, The Speculative Investor - 24 June, 2014
A large increase in the money supply will always lead to large increases in prices somewhere in the economy. However, monetary inflation affects different prices in different ways at different times, so the pertinent question is: which prices? The answer to this question is important from the perspective of almost everyone and is always obvious with the benefit of hindsight, but it is often difficult to determine ahead of time. Also, depending on which prices are affected the inflation will sometimes be widely perceived as a problem and at other times be widely perceived as a benefit or a non-issue. Full Story
With the aid of 43 slides, Gordon T Long and John Rubino debate three highly unusual and mysterious buying patterns which have emerged in the US Treasury and Equity markets. 1- THE MYSTERIOUS BELGIUM US TREASURY BUYER Who is the stealth buyer who is buying US Treasuries through Euroclear in Belgium? Full Story
Most commentators that I read are more bullish on silver than gold. Not me, I am in the minority camp being far more bullish on gold than I am on silver. Now, let me tell you why I feel this way. In 1717, Sir Isaac Newton, who was then master of the Royal Mint in London, established a new mint ratio between silver and gold, which effectively put Britain on a gold standard. During the Napoleonic Wars Britain curtailed convertibility. This was reestablished in 1821 with the new £1 sovereign becoming the standard gold monetary coin of the realm, replacing the guinea. Full Story
As expected, the Fed tapered its purchases of mortgage-backed securities on Wednesday to $15 billion per month and its purchases of longer-term Treasury securities to $20 billion per month. That means total monthly purchases, which were $85 billion last year, are now down to $35 billion. That’s a significant cut. Full Story
The chatter last week was gold. The precious metal flew up $45 an ounce on Thursday, surprising investors, the media and markets alike. If we look back just six months ago, gold was sitting at record lows, signaling that it was in extremely oversold territory. This was the time that many investors let fear take over and dismissed the fundamental reasons for owning gold: as a portfolio diversifier and store of value. Full Story
It’s a funny thing, and something nobody else has noticed yet, but one does need wonder whether the US (West) has just repeated the fatal mistake made by both Napoleon and Hitler in strategically attacking Russia in an attempt to expand the empire, which in both previous instances marked the turning point in this regard. Up to this point the larger war has been economic (cold war like), with the US continually attempting to expand the reach of its hegemony (like Napoleon and Hitler), but one also need wonder if this will accelerate one day given the ferocity of fighting in the Ukraine going on at present. Full Story
Considering that Gold has risen $80 off its low and the precious metals Miners have screamed higher, it's surprising how little bullish cheering we've heard. My discussion forum, Bull & Bear Talk, is very sensitive to Gold, but has barely seen an uptick in traffic during this move. In past moves out of Investor Cycle Low’s, BBT has had an immediate surge in traffic and a significant rise in the number of excited posts. Full Story
The real price of gold, as adjusted by commodities is making some nice baby steps toward rebounding. Here is a picture of the gold ETF vs. certain key commodity ETF’s and markets, that show the progress of what would be the most desirable condition (a rising real price) for a healthy gold bull. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 23 June, 2014
The American financial establishment has an incredible ability to celebrate the inconsequential while ignoring the vital. Last week, while the Wall Street Journal pondered how the Fed may set interest rates three to four years in the future (an exercise that David Stockman rightly compared to debating how many angels could dance on the head of a pin), the media almost completely ignored one of the most chilling pieces of financial news that I have ever seen. Full Story
In the end, wealth preservation is never about courage. It’s much more about understanding your risk-reward schematics and being intelligent enough to seek out truth in the face of the elite’s disinformation and propaganda campaigns. Though interest in buying gold and silver as a wealth preservation strategy is ironically always the lowest when prices are the lowest and the highest when prices are the highest, this harmful behavioral pattern of investors is simply due to a lack of understanding of market truths and an inflexible faulty reliance on financial talking-head propaganda to make decisions. Full Story
What a difference two weeks can make in the precious metals markets. Going from a confirmed downtrend to an uptrend, at least on the short term basis, was rather swift and didn’t leave much time for one to reverse direction to get back in sync with the new uptrend. At this time the rally is still in its infancy as there is more work to do but there are some positive things taking place, over the last two weeks, that could show us a major turning point maybe taking place in the precious metals sector. Full Story
Something extraordinary occurred this week. On Wednesday, the Fed made a routine announcement. That day, the price of silver was rising, but not out of the normal. Fireworks began on Thursday, and in 6 hours, the price of silver skyrocketed by 5%. Full Story
Professional real estate manager Fabian Calvo expects the echo housing boom to persist, as long as easy credit is extended to virtually everyone who can sign their name on a mortgage. Nevertheless, the entire edifice / Ponzi scheme will eventually implode amid the enormous pool of upside down home debtors - nearly 10 million mortgage holders owe more than their houses are worth. Head of the 35 year old gold brokerage McAlvany Wealth, David McAlvany is concerned that the global economy is facing collapse, which could usher in a period of inflation unlike anything seen in the Western Word in a 100 years. He asks why our officials are so concerned by deflation - lower prices make houses and related investments more affordable, giving the masses funds left over at the end of the month to invest, instead of requiring credit cards for purchases. Full Story
By: John Mauldin, Millennium Wave Advisors - 22 June, 2014
I came back from Italy this week, and one of my guilty pleasures was being able to sit down and watch the last three episodes, including the season finale, of Game of Thrones. For those readers who are not enthralled with the fantasy epic from HBO or have not read the first five books (will he ever finish?), author George R.R. Martin has written one of the most complex fantasy series ever, about a world where everyone is occupied with who will sit on the Iron Throne. Full Story
The collective viewpoint on gold has changed since the financial dust-off of 2008 — the culmination to a process that began at the turn of the century. Gold has travelled the long and winding road from abandoned orphan and shunned castaway, to grudgingly respected over-achiever, and finally cause celebre. Having undergone a renaissance in the public psyche, It now stands in resolute opposition to the highly politicized monetary regime under which we all live — and something of a saving grace on economically beleaguered Main Street. In a sense, gold has come of age. It is barbarous no more. Full Story
In October of 2013 I wrote an article titled “Gold Market Sunk to Keep Bond Market Afloat” [1], in this article I made the argument gold and especially silver prices are being violently manipulated and held below free market dollar prices in order to sustain and prolong the collapse of the US Bond market. Full Story
By: Chris Martenson PhD & Adam Taggart - 22 June, 2014
The above video is a condensation of the 4.5-hour long full Crash Course video series. The data and analysis underlying the material represent over a decade of intensive research and study. Over that decade, its forecasts have proved increasingly validated by events like the collapse of the housing bubble in 2007, the 2008 credit crisis and the anemic 'recovery' since, oil prices persistently over $100 per barrel, the five-fold rise in gold prices, and many other symptoms of an unsustainable world economy reaching its failure point. Sadly, the risks warned of in this video are very real, and they are arriving now. Full Story
In a break from a thematic undertone to link to gold and silver, here are some ramblings that are more underpinnings to the core problems that have left people unfocused and dealing with symptoms, no matter how they may seemingly appear to be core issues. Full Story
A bit of a strange week for markets and many stocks as they looked strong and should have moved but they didn’t do much in the end. Maybe it had something to do with the quad witching Friday. It certainly wasn’t the funnest of weeks to be in front of the screens with little really happening, but the good news is many fast moving stocks are now ready to go, and I will be on them this week if they do. Full Story
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