By: Mike Gleason, Money Metals Exchange - 28 July, 2017
Of course, when Donald Trump was a candidate for president, he railed against Yellen. He accused her of keeping rates down for political reasons and blowing up a bubble in financial markets. But now that he is president, Trump favors Yellen’s easy money policies. According to new reports, Trump is even considering re-appointing the Big Government socialist as Fed chair. Full Story
Frankly, I believe the historic dislocation between unprecedently rigged financial markets and economic reality will be dramatically minimized in the coming months – but particularly in Precious Metals, whose valuations must inevitably return, at levels many multiples higher, to something modestly representing their economic value. Every variable I observe screams so much – and consequently, this is “the most Precious Metal bullish I’ve ever been.” Full Story
So what of the stock market if Uncle Buck gets a new bounce in his step? I think you know what of… at the very least momentum would grind down and signal an oncoming correction or dare I say it, even the end of the bull. Right now I am not expecting a new bull market cycle in USD, and I am also not yet expecting the stock bull market’s end. But a strong bounce in the senior currency should be enough to bring the pressure on asset markets, so well gamed during USD’s bear phase. Full Story
As one might have expected - based on the 100% "track record" of pre-FOMC market manipulation - said "powers that be are" attempting to "prime" the markets for this afternoon's policy statement. Which, despite mere 3% expectations of a rate hike; and just 8% in September; are as usual, being spun as a "potentially hawkish surprise"; just as the past two ECB policy statements - which in both cases, were dramatically more dovish than expected. Full Story
Smart phones were almost unheard of 10 years ago; they were very expensive and clumsy. Today the prices have dropped so much that almost everyone has a smart phone. Most people could not imagine living without one. Could the same thing hold true for the electric vehicle of the future? Time will tell, but history proves that new technology is embraced the moment it becomes affordable; the current trajectory indicates that the most expensive component of an EV is going to continue dropping at a very rapid rate clip. Full Story
By: Jeff Desjardins, Visual Capitalist - 28 July, 2017
For most of recorded human history, in fact, the lines around wealth were quite blurred. Leaders like Augustus Caesar or Emperor Shenzong had absolute control of their empires – while bankers like Jakob Fogger and Cosimo de Medici were often found pulling the strings from behind.
This infographic focuses on the richest people in history up until the Industrial Revolution... Full Story
In the big picture, only a few billion ounces of physical silver are readily investable - at today's prices, valued at a piddling $30-$40 billion; whilst the amount of investable gold, when considering how little of today's rapidly declining production is actually available-for-sale, is unlikely to be more than a few hundred billion dollars' worth. This, in a world where, in just the past year alone, one Central bank - the ECB - printed $1.3 trillion out of thin air; with the promise of another $400 billion by year-end, and "whatever it takes" thereafter, to halt the "deflation" that will only worsen with each passing day. Full Story
By: Steve St. Angelo, SRSrocco Report - 26 July, 2017
While the highly inflated value of the U.S. Retirement Market reached a new high this year, something is seriously wrong when we look behind the scenes. Of course, Americans have no idea that the U.S. Retirement Market is only a few steps from falling off the cliff, because their eyes are focused on the shiny spinning roulette wheel called the Wall Street Stock Market. Full Story
The Great Recession was so great for the only people who matter that it is time to do it all again. Time to shed those bulky new regulations that are like clod-hoppers on our heals and dance the light fantastic with your friendly bankster. Shed the encumbrances and get ready for the new roaring twenties. Full Story
But, the question his communications team would want to consider today is whether they want to take ownership of the stock market action when it is looking likely that the market will experience a sizeable correction beginning next year (based upon the patterns the market has been following for years). From this analysts’ perspective, it may be best to wait until 2020 before they want to ride the coat tails of the stock market. Full Story
Boomers are spending less, but younger generations are not picking up the slack. Malls are empty or closing. Stores are going bankrupt at an unprecedented rate. It’s not all because of online shopping because online shopping has not increased as much as the decrease in bricks & mortar. Few people have money except the 0.1%. As George Carlin used to say “It’s a big club and you ain’t in it.”
Oil prices are plunging not because of the over-supply governments and the ass media want us to believe, but because of lack of demand. We’re in a Stealth Depression. Fewer people have money to buy gas or jobs to drive to. Full Story
– Easy credit offered by UK banks is endangering “everyone else in the economy” – UK banks are “dicing with the spiral of complacency” again – Bank of England official believes household debt is good in moderation – Household debt now equals 135% of household income – Now costs half of average income to raise a child – Real incomes not keeping up with real inflation – 41% of those in debt are in full-time work – £1.537 trillion owed by the end of May 2017 Full Story
Vince Lanci of Echobay Partners in Stamford, Connecticut, says "flash crashes" in gold and silver are caused largely by computer trading algorithms probing for stops in the futures markets. Lanci says he considers this to be market manipulation and notes that manipulation of the gold and silver markets already has been admitted in the pending anti-trust lawsuit against Deutsche Bank and other investment banks. Full Story
Since our last note, the US dollar index has made its way down to the lows of last summer, currently hovering just above the Brexit upside pivot from June 24th, 2016. Although asset trends can elicit major technical breaks from oversold conditions (i.e. crash), the more probable outcome from our perspective favors another retracement bounce, before traders can set their sights on breaking through long-term underlying support that’s confined all declines in the dollar index over the past 3 years. Full Story
So what does this mean? Well it certainly appears that chances are high we see some significant rallies from here. As important technical indicators such as moving averages get bullishly crossed, these massive Large Spec short positions are ripe for a squeeze. Shorts get covered (that's one buy) and then a long may be established, too (that's a second buy). All of this buying pressure will drive prices higher in the weeks ahead and this coincidentally falls right into line with our forecast of a failing 2017 narrative (GAN2017) and 2017 metal price highs in Q4. Full Story
Not only that, but if Precious Metals' inevitable surge is caused NOT by a catastrophic monetary event; but simply, a diversion of the powers that be's' attention by Bitcoin, gold and silver holders may well get to enjoy the financial windfall we've been waiting years - for some, decades - to occur; but it may well occur in an environment NOT characterized by economic and/or monetary disaster. That's coming down the road, of course - like a runaway locomotive on an icy downslope. Full Story
To finish, we live in a world where the casinos themselves are broke but still functioning while they can still obtain credit. It will not matter whether you won or lost if you have not left the casino when the lights go out. The only way to truly win is to cash your chips in and fully exit the casino with real money in hand... BEFORE it is widely understood that no matter how many casino chips you have ...you still have nothing! Full Story
How hard? I believe we’ll see the $USD in the 80s sometime in 2018. That’s a full 11% lower from where the $USD is today. Put simply, the entire move in the greenback that was driven by the Fed ending QE will be unwound. Full Story
There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016. Full Story
Three months ago (April) we covered the reasons we primarily invest in junior exploration companies. We promised to follow up with some criteria we follow in attempting to pick winners. Here are five things we look for when evaluating and selecting junior exploration companies. Full Story
Scotia Mining Sales notes that as silver has gotten cheap again, particularly when looking at the widening gold-silver ratio, investors have been piling into silver ETFs (while dropping out of gold ETFs). Interestingly enough, there seems to be a bearish outlook in the futures market, where hedge funds are now holding the first net short silver position seen in two years, the group writes. The risk of higher U.S. interest rates should drive silver prices lower, is the reasoning behind this. However, if the Fed “blinks” and silver prices rebound, they will rebound quickly and violently, Scotia continues. Full Story
We are at that moment again. Only this time the danger of a thundering crash is far greater. That’s because the current blow-off top comes after nine years of even more central bank policy than Greenspan’s credit and housing bubble.
The Fed and its crew of traveling central banks around the world have gutted honest price discovery entirely. They have turned global financial markets into outright gambling dens of unchecked speculation. Full Story
ENCORE! Back by popular demand Daniel Mark Harrison returns to the show from Singapore in the Tales from The Crypto-Sphere segment. He shares an overview of his blockchain based hedge fund Monkey Capital is scheduled to go public in 21 days! With US equities at a record zenith and the Fed Head proclaiming the end of financial crisies, Peter Grandich of Peter Grandich and Company returns. Our guest is far than enthusiastic over the prospects of US equities. Full Story
Investor focus continued to be on Trump and the goings-on at the White House. For months, years even, Republicans and Trump vowed that there would be health care reform by ending Obamacare and bringing in their own version. Tax reform was another part of the agenda that was top in investors’ minds. By week’s end, health reform lay in tatters and tax reform is becoming doubtful. Despite a number of iterations of repeal-and-replace Obamacare, in the end they did not satisfy enough Republican senators to push it through the Senate. It went either too far or not far enough. In desperation, they went for a straight repeal and that one proved to be dead on arrival. Full Story
This story started a couple of years ago. As I am Dutch and concerned not only about my own financial wellbeing but of my country as well, I commenced inquiring my national central bank about the whereabouts and safety of our gold reserves in late 2013. One of my first actions was submitting the local equivalent of a Freedom Of Information Act – in Dutch WOB – to De Nederlandsche Bank (DNB) in order to obtain all written communication of the past decades between DNB and the Federal Reserve Bank Of New York (FRBNY). Full Story
“What do you do?” is a common question Americans ask people they have just met. Some people outside the US consider this rude – as if our jobs define who we are. Not true, of course, but we still feel obliged to answer the question. My work involves so many different things that it isn’t easy to describe. My usual quick answer is that I’m a writer. My readers might say instead: “He tells people what could go wrong.” I like to think of myself as an optimist, and I do often write about my generally optimistic view of the future, but that optimism doesn’t often extend to the performance of governments and central banks. Full Story
While I often talk about the same concept in psychological terms (subordinate ego, bias and automatic thinking regimens in service to one simple goal; being on the right side of markets) the lawyer analogy works as well. Lawyers often argue cases that are lost causes; that is their job. The market and its millions of inputs from man, machine and casino patron alike is the judge and jury because it renders the verdict to any given stance. Full Story
I think we need to focus on what is happening to the dollar. The intermediate cycle is now 63 weeks long. Clearly that isn’t normal. I’ve maintained for several years that the end game was going to play out in the currency markets. There has to be consequences to printing trillions and trillions of currency units , and leaving interest rates at 0 for 8 years. I don’t think the consequences are going to be deflation. I think the end game will be inflation, just like it was in the 70’s, and just like it was in 2007 and 2008. Full Story
By: Steve St. Angelo, SRSrocco Report - 23 July, 2017
Yes, it’s true… the United States smashed another fuel production record this year. According to the U.S. Energy Information Agency (EIA), the country produced over one million barrels per day of this liquid gold in the first six months of 2017. Unfortunately, this isn’t something to brag about. It would be wise just to keep this lil record to ourselves, rather than broadcast it loudly across the energy news wires and Mainstream media. Full Story
The metals continues to rise and are accelerating now past resistance levels nicely. That said, I remain much more focused on leading stocks who are breaking out, not those coming out of corrections as the miners are. Nearly everything, including the metals, are working well so enjoy it for as long as it lasts. The trend is up. Full Story
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