Last week, I discussed the Bull and Bear cases for Gold. The stock market sell-off that began on October 3, the associated fall in bond yields, increasing expectations that the Fed would be forced to reverse policy, recent weakness in the dollar, and Gold rising in yuan terms have all contributed to Gold’s rally since September 28th. Full Story
There are many other useful ratios and macro indicators, involving gold and otherwise. But the above give a useful view telling us that a potential area for at least temporary relief is at hand for cyclical macro markets. In other words, initial downside targets are in as measured in gold. We have anticipated a stock market bounce, which is finally here. It appears a likely time that other cyclical asset ratios can bounce as well, unless inflation really is dead and buried. Full Story
President Trump wants to blame the Fed — Jerome Powell in particular — for the stock market’s nasty action this fall. If things keep going this badly, you can be sure the Fed chief will want to blame Trump and his treasurer Munchkin for recent tweets that killed Santa Claus and for trade wars and wall wars. Who is right? Who is really killing the stock market? Full Story
Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in US history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and mounting political turmoil. Bears are dangerous events driving catastrophic losses for buy-and-hold investors. Different strategies are necessary to thrive in them. Full Story
Bob Hoye of Institutional Advisors, and the host discuss the worst US stock market plunge in over 100 years, the "Mnuchin Massacre." The Dow Jones Industrials plunged 1600 points last week, falling 650 further on Monday, recording the worst monthly decline its 122 year history. The equities decline could foment a nascent PMs bull market with the potential to launch gold shares into orbit. Full Story
There is a disconnection between paper and physical gold prices and the former has to catch up with the latter eventually. Myth or fact? We invite you to read our today’s article about demand for gold coins and bars and find out whether it will save the yellow metal. Full Story
Wednesday’s 1000-point price-spike reflects a completely dysfunctional stock market. Just like the big moves in October 2008, it also foreshadows a much steeper sell-off coming. The story did not end well for Shelley’s Frankenstein. Neither will it end well for the Fed’s creature. It’s going to get a lot more painful for those who have been conditioned to believe that stocks only rise in price. Full Story
By: Chris Marcus and Peter Spina - 27 December, 2018
After raising interest rates over the past 2 years, the Federal Reserve last week signaled that it may be about to change course. Which came as no surprise to Peter Spina of GoldSeek.com, who explains why it happened. As well as what the Fed is likely to do next. Full Story
So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they work and how much they look exactly like what we just saw…. Full Story
We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell’s press conference today. The Fed Chair remained optimistic about the US economy, which “has continued to perform well.” However, “some crosscurrents have emerged.” Powell meant the moderation of global growth, increased financial market volatility, and tightened financial conditions. Full Story
The breakdown of the Fed’s illusion of recovery and all the economic wreckage that ensues will be the story of 2019. I will be writing about it during 2019 if we make my fundraising goal. If we don’t make that goal, the end of 2018 is a good place to leave off because the story has finally come full circle as we start to crash back into the Great Recession, which is where I said at the start of the story seven years ago we’d end up. Finally, even the mainstream media, like Bloomberg, is picking up on it. Full Story
In a fractional-reserve gold banking system as overstretched as this, the upward potential for the gold price is enormous. But the central bank and government power arrayed in supporting that system is also enormous, and for cautioning investors about it, GATA is typically ostracized from the gold-bullish crowd, dominated as it is by mining companies that are interested mainly in building their shareholder base and getting their share prices up. Thus GATA is often perceived as having a bearish influence on the gold price, if not as being actually bearish itself. Full Story
Someday the system will rebalance. Someday the economic system will no longer carry excessive debt. Individuals and businesses will fail, politicians will scream, and the Federal Reserve will print trillions of digital currency units to “paper over” the problems, rescue crony banks and businesses, and reward the political and financial elite. It has happened before and will again. Perhaps that “someday” has arrived. Full Story
It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's best fund manager by the Mining Journal. He's also the co-author of the book The Goldwatcher: Demystifying Gold Investing and is a regular guest on CNBC, Bloomberg, Fox Business, and also right here on the Money Metals Podcast. Frank, welcome back, and thanks for joining us again. Full Story
The much awaited and hoped for Santa Claus Rally turned into a complete rout today as the broader markets continued to sell-off to new lows this month. The Dow Jones plunged a stunning 653 points today, the worst in the in the 122-year-old history of the index. Furthermore, the Dow is on track for its biggest December loss since the Great Depression. Full Story
California Governor Jerry Brown inherited a $27 billion deficit from Arnold Schwarzenegger eight years ago. This month he’s leaving his successor a $13.8 billion surplus and a $14.5 billion rainy day fund balance. Pretty good right? Approximately 48 other governors would kill for those numbers. Full Story
Weary investors who endured the September and October stock market “crash season” felt they should be richly rewarded for their incredible patience… with a wondrous Santa Claus rally. Please click here now. The traditional Santa Claus rally has morphed into a hideous Santa Claws mauling of millions of US stock market price chasers. Full Story
It’s hard to imagine AAPL not bouncing from the 145.66 target shown. (It was proffered here earlier as a minimum downside objective.) Monday’s plunge came within 45 cents of this Hidden Pivot support during the holiday-shortened session — close enough for us to infer that a bottom of at least short-term importance is in. If so, expect the stock to lead the broad averages higher when trading resumes on Wednesday. Full Story
Investor fear is priced in beforehand. But with so much now weighing on the stock market all at once, any additional bad news about the prospects for a resolution of the shutdown could trigger additional heavy selling. To be sure, the unfolding mayhem reinforces the wisdom of having a meaningful allocation to gold and silver as we head into the New Year. Full Story
Disregarding strong opposition from the likes of DoubleLine Capital founder Jeffrey Gundlach, legendary hedge fund manager Stanley Druckenmiller, “Mad Money” host Jim Cramer, President Donald Trump and others, Federal Reserve Chairman Jerome Powell hiked rates last Wednesday for the fourth time in 2018. Full Story
Now there is a spooky line. Yes, it is looking like 2008 looked after it was obvious we were entering a financial crisis in that Stearn Bear market when Lehman Bros died like a dinosaur in an extinction event. It is almost as if the markets now are pricing in the fear that the Fed’s Great Recovery Rewind is going to take us back into the same recession that their Great Recovery attempted to take us out of. (And, of course, it is.) Full Story
Part II with Trends Research Institute and Globalnomic® Trend Forecaster, Gerald Celente includes 4 key trends. Higher interest rates, oil prices, social unrest and war rate high on the watchlist. The economic recession in the Crimea region could ignite conflict between two powerful former allies, Ukraine and Russia. On the cusp of a new year, season 14 of Goldseek.com Radio, the head of The Morgan Report rejoins the broadcast with unique insights on the financial markets. David Morgan notes gold and related shares could benefit from the correction in US shares as investors redirect profits into safe haven assets to better balance portfolios. Full Story
The best performing metal this week was gold, up 1.39 percent. Gold traders continue to be bullish on the yellow metal amid concerns about economic growth, as measured by the weekly Bloomberg survey. ETFs backed by gold saw holdings increase for 10 days straight, bringing this year’s net purchases to 1.47 million ounces, according to data compiled by Bloomberg. Gold stocks did well this week as the spot price of gold broke above its 200-day moving average for the first time since this summer. Full Story
We could also have entitled this essay How to Measure Your Own Capital Destruction. But this headline would not have set expectations correctly. As always, when looking at the phenomenon of a credit-fueled boom, the destruction does not occur when prices crash. It occurs while they’re rising. But people don’t realize it, then, because rising prices are a lot of fun. They don’t realize their losses until the crash. So we want to look at stocks when they’re high, before people realize what’s happened to them. Full Story
We weren’t going to put out a commentary this weekend, but the market has been so volatile that we felt it was worthy of some comment. If there was any doubt that we have entered a bear market, it is being dispelled this past week. Those who believe otherwise will soon discover that, unlike the corrections of 2011 and 2015/2016, we have entered a new and more dangerous phase. Full Story
We have reached the best time of year, when we can look to the future with hope. We can stop wondering what will happen in 2018 and look forward to 2019. The investment industry always does this enthusiastically, as you will see in forecasts everywhere the next few weeks. Full Story
Non-renewable natural resources (e.g., industrial metals, precious metals, agricultural minerals, industrial minerals and rocks, energy fluids, and energy solids) are extracted from Earth’s surface and its depths. Exploitation of these resources naturally leads to depletion and more must constantly be found, developed, and mined. In our economic system, unit prices of commodities reflect current supply and demand fundamentals. Full Story
Interviewed Friday by Chris Marcus of Arcadia Economics, your secretary/treasurer discussed recent developments in gold and silver market rigging by the U.S. government, its agents, and others. Among them: The confession by former JPMorganChase trader John Edmonds; whether he will incriminate the bank's former commodities desk chief, Blythe Masters; and the possibility that the bank was front-running government trades brokered by the bank. Full Story
I would not have had to invest or work at all if I had $100 for every time I heard an analyst tell me that the market is just not trading upon fundamentals at this time. In fact, when the market seems to disconnect from the fundamentals, analysts view it as the market being wrong. Full Story
This ain’t no ballgame. This bear has shown up for blood, not sport. The Nasdaq intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it as official as a declaration of a bear market gets. Full Story
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