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Weekly Archive

By: TV - 28 August, 2015

John Kaiser of Kaiser Research online joins GoldSeek TV Anchor Vanessa Collette to discuss China's gold holdings, the focus on environmental clean up in the country, the case for investing in scandium and scandium deposits held by junior mining stocks. Full Story

By: Adam Hamilton, Zeal Intelligence - 28 August, 2015

The US stock markets just suffered an extraordinary plunge, shocking traders out of their complacency psychosis. This cast the foundational premise behind recent years’ incredible stock-market levitation into serious doubt. Traders are finally starting to question whether central banks can indeed manipulate stock markets higher indefinitely. Any wavering in this faith has very bearish implications for stock prices. Full Story

By: Deepcaster - 28 August, 2015

As we are now just passing through the August Mini-Crash, it is essential to consider Beta (Major Trend, Sector, and Economic) Realities, in order to Profit and Protect going forward. The first Reality is that, Economic, Market, and Technical Realities all indicate we are now in a Bear Market. And One Key Rule for Beginning Bear Markets is that simply “Buying and Holding” is usually a Recipe for Short, Medium and sometimes even Long-Term losses. Full Story

By: Daniel R. Amerman, CFA - 28 August, 2015

Most of the latent energy has not yet been released, but is still there. This makes it highly worthwhile to revisit these eight sources of "energy", see what has been set off, and what may yet be released as part of this storm or another to follow. The first seven section titles are the same as the original article, with text from that analysis in italics, and with updated contents based upon the current situation in normal typeface. Full Story

By: Patrick Cox - 28 August, 2015

Most of you know that my day job involves finding disruptive technologies for investors. Most of you also know that the stock market has recently taken a southward plunge. When I was younger, I always wondered why big fluctuations in markets seemed to cause so many people so much anxiety and consternation. It’s not as if we don’t know that, historically, markets have always displayed big swings. Understanding this, it always seemed clear to me that a rational individual would not invest money in equities if that money might be needed in the short run. Full Story

By: - 28 August, 2015

GoldSeek Radio Nugget: Jeffrey Christian & Chris Waltzek Full Story

By: Andrew Hoffman - 28 August, 2015

Hi, this is Andy Hoffman, Marketing Director of Miles Franklin Precious Metals, in our 26th year in business. It’s Thursday night, August 27th; and given the extreme volatility of global markets – or should I say, the historically undefeated forces of “Economic Mother Nature” taking on the manipulative forces of crumbling Central banks head on – I figured it was the perfect time for another special podcast with Miles Franklin’s President and co-founder, Andy Schectman. Full Story

By: Craig Hemke - 28 August, 2015

So, of the 9,215 contracts still open when the Aug15 went off the board on July 30...and of the 8,295 contracts still open at the close of First Notice Day on July 31...The Comex has only delivered 5,055. While this is still a greater percentage than usual, what the heck happened to the other 3,000+ contracts that have just evaporated over the course of the month? Did these folks just simply decide that they didn't want the metal for which they had been standing? Full Story

By: Jared Dillian - 28 August, 2015

Nobody wins from corrections except for the traders, which today mostly means computers. I forget who said this: “In bear markets, bulls lose money and bears lose money. Everyone loses money. The purpose of a bear market is to destroy capital.” And that’s what is going on today. For starters, long-term investors inevitably get sucked into the media MARKET TURMOIL spin cycle and puke their well-researched, treasured positions at the worst possible time. Full Story

By: Sol Palha - 28 August, 2015

Over the years we have frequently stated that every that every major bull market will experience at least one back breaking correction. Usually the correction culminates with a 50% pullback from the highs. In the case of Gold, this would equate to a pullback to $960. The precious metal’s sector had a splendid lope that began in 2003 and ended with spectacular dash in 2011. To think that the Gold bull would continue unabated would be to put it mildly wishful thinking. Sadly, many Gold bugs opted for this line of thought, rather than dealing with reality; the reality being that it was time for the entire sector to let out some steam. Full Story

By: Bill Holter - 28 August, 2015

Two weeks back I asked the question whether or not the "Final War" had started, between the EAST AND WEST. I was called a number of politically incorrect names for suggesting the Tianjin explosion might have been an "attack" and took even more heat,... because I included the word "nuclear". Since then there have been many theories as to what happened, some of them pretty far fetched. Yesterday another article was published in Veterans Today, which scientifically suggests the explosion was in fact "nuclear." Full Story

By: Alasdair Macleod - 28 August, 2015

For the moment investors are in shock, seeking reassurance and keenly intent on preserving their diminishing assets, instead of reflecting on the broader economic reasons behind it. To mainstream financial commentators, blame for a crash is always placed on remote factors, such as China's financial crisis, and has little to do with events closer to home. Analysis of this sort is selective and badly misplaced. The purpose of this article is to provide an overview of the economic background to today's markets as well as the likely consequences. Full Story

By: Jordan Roy-Byrne, CMT - 28 August, 2015

Last week when we covered rebound targets in the precious metals sector we also discussed the importance of Gold’s performance in real terms. It can be a leading indicator for the sector at key turning points. Since then precious metals sold off in aggressive fashion alongside global equity markets. However, Gold against equities gained materially. This is something to keep an eye on as it hints that a trend change is boiling under the surface. Full Story

By: Gary Christenson - 27 August, 2015

Gold made an intermediate bottom in July after the highly implausible Chinese government gold announcement and the HFT stop run. The official Chinese announcement appears as plausible as the US unemployment rate – if we don’t count thousands of tons of gold and millions of unemployed workers, then the numbers will support the current propaganda agenda. Full Story

By: Visual Capitalist - 27 August, 2015

We’ve believed, even before the correction that has recently hit U.S. markets, that the bear market for gold was long in the tooth. With asset bubbles all over the place, it has seemed for awhile that gold and silver were the only assets that were reasonably priced. Then yesterday, our friends at Palisade Capital sent us over five charts on why they believe that gold stocks are the most undervalued that they have been in decades. Full Story

By: Michael J. Kosares - 27 August, 2015

The premise of this article is that China will continue to play a key role in shaping commodities’ markets in the years to come, despite the current slowdown, based on its sheer scale. If you follow this blog, you already know of the infrastructure China is putting in place to influence the gold trade and insert itself as a third gold trading center along with London and New York. We should note that the five tonne trade cited above came after the price had dropped. Full Story

By: - 27 August, 2015

GoldSeek Radio Nugget: David Nicoski & Chris Waltzek Full Story

By: Rambus - 27 August, 2015

Tonight we’re going to look at the precious metals complex and get focused again as this is the area we need to concentrate our efforts right now IMHO. All the volatility in the stock markets has many taking their eyes off the ball of what may turn out to be the trade of a lifetime for some of you. I’m just as guilty as the next person trying to play the stock markets looking for that big trade that is so elusive right now. The stock markets are like a veg o matic chopping up both the bulls and the bears alike. Full Story

By: Justin Spittler - 27 August, 2015

The first three rounds of QE fueled a big bull market in US stocks. The S&P 500 has gained 113% since the Fed started QE in 2008. Dalio thinks the Fed should bring QE back. It’s a bold call, and one that most economists disagree with. Most economists expect the Fed to raise rates soon. Raising rates would tighten monetary conditions…essentially the opposite of QE. Full Story

By: John Mauldin and Newt Gingrich - 27 August, 2015

This is going to be an unusual Outside the Box. I’ve been part of the political process, both as a practitioner and an observer, for some 40 years. I cast my first vote in the presidential election for George McGovern but by the 1980s had made a hard right turn. Over the last decade I’ve been far less involved but no less interested. Full Story

By: Steve St. Angelo, SRSrocco Report - 27 August, 2015

The global financial system is now getting out of control. While the clowns on the financial networks continue to regurgitate the same bullish propaganda, “that everything will be fine”, quite the opposite is the case. The system is so broken and the leverage propping it up is so extreme, the result will be the largest financial and economic calamity the world has ever seen. Full Story

By: David Smith - 27 August, 2015

Gold and silver are free of counterparty risk and provide protection from the ravages of incompetent, untrustworthy financial houses, cynical politicians, and government agencies at all levels. Like the bandit leader in the movie, all they want from you and yours is "Just a little bit more." As the global and domestic situation continues to unravel, will you be an eagle – or a sheep? Full Story

By: Rick Ackerman, Rick's Picks - 27 August, 2015

A Hidden Pivot target that I’d posted in the chat room Tuesday came within a few ticks of catching the low of yesterday’s monster rally (see inset). The trade could have been worth as much as $4600 per contract so far. Regardless of whether you caught the move, it has important implications going forward — especially if you are a bear panting for the chance to short into strength. It’s tempting, especially if you believe, as I do, that we are in a full-blown bear market that has a very long way to fall. Full Story

By: JL Yastine - 26 August, 2015

It was the summer of 1985, and I was a footloose college kid visiting the Big Apple on my own. I knew the city a little — years earlier, my dad was a quartermaster on the Circle Line boats that take tourists around Manhattan. But as I walked through Midtown, soft pretzel and Coke in hand, I was still every bit the wide-eyed tourist. Full Story

By: Nick Giambruno - 26 August, 2015

It’s an extremely potent weapon, yet most are not even aware of its existence. That is, unless they have been unfortunate enough to be on the receiving end of it. The weapon I’m referring to is travel controls, also known as people controls. It’s the power any government has to limit the ability of its citizens to travel. They do this by restricting the issuance of travel documents like passports. Full Story

By: Clive Maund - 26 August, 2015

The Chinese market is of interest to us not because we necessarily want to trade it, but because of its effect on other world markets. Its heavy drop on Monday morning contributed to the rout on Wall St later in the day. The Chinese economy is a massive Ponzi scheme that is threatening to implode, with grave implications for the world economy. Full Story

By: Avi Gilburt - 26 August, 2015

For years now, each time the metals rallied, most in the market believed that the bottom was in. However, the lower we get, it seems that the crowd of those believing the bottom has been struck continues to shrink. Many more are still calling for lower lows even after the current rally we have seen. And, this is exactly what should be happening. Full Story

By: Bill Holter - 26 August, 2015

When planning to write this piece, the Dow was up 250 points or so with 45 minutes of trading left. The anticipated bounce (if China cut rates) arrived this morning with a 442 point upward thrust. This on a report card could be categorized as a “C-” or even a “D+”, very poor in my estimation. As I sat down to write the Dow was up 24 points and turned negative before I wrote the first word! This is HORRIBLE ACTION and outright scary if you are a Bull! Full Story

By: Peter Cooper - 26 August, 2015

What was the best asset class to buy for the recovery that followed the 2008-9 crash in global financial markets? Step forward gold whose rise was only exceeded by silver. Precious metals not only delivered the fastest recovery from that huge sell-off but offered increases way above the pre-crash levels. Gold tripled from its low in the crash, while silver went on to record an eight-fold increase, still just shy of its 1980 all-time high. Full Story

By: Robert Alexander - 26 August, 2015

Are you ready to make a leap of faith? A buying opportunity is fast approaching in MINERS, whether it looks like they are crashing down or not. Let me show you what I am seeing. In July I showed that I expected a drop in the USD to the lower support line. This would cause a rally in Gold. Full Story

By: Graham Summers - 26 August, 2015

Even if the Fed were to launch another QE program in the next 15 months, it’s not clear how much it would accomplish. A psychological shift has hit the markets in which investors’ faith in Central Bank policy is no longer sacrosanct. Consider China, where despite rampant money printing, the stock market has continued to implode, crashing to new lows. China’s Central Bank is pumping $29 billion into its stock markets per day. This bought a few weeks of a bounce before Chinese stocks continued to collapse. Full Story

By: TV - 25 August, 2015

Chris Mayer joins GoldSeek TV Anchor Vanessa Collette. Full Story

By: Gary Savage - 25 August, 2015

I want to take a special look at gold and the dollar this morning and see if we can’t alleviate some of the fears created yesterday by the big move down in mining stocks. As I’ve noted before it’s not uncommon for big money to try to run stops to enter at the cheapest price possible. We actually saw GDXJ run the stops last winter right before a second daily cycle tacked on some very big gains in the metals sector. We may see that again in the mining sector over the next few days, possibly as oil puts in its final three-year cycle low. Full Story

By: Gary Christenson - 25 August, 2015

Gold was valuable 3,000 years ago and will be valuable 3,000 years from now. But can you say the same for dollars, euros, yen, or pounds? Gold maintains its value (on average) over centuries. Can you expect similar longevity for debt based fiat currencies that are managed by politicians and created with printing presses or computers in central banks? Full Story

By: Stewart Thomson - 25 August, 2015

Have US stocks entered a bear market? In most assets, MSM (mainstream media) uses a 20% decline as a rule of thumb to define a bear market. While an asset that’s declined 20% might be in a bear market, that rule of thumb is at best a very crude attempt to define the overall price action. Different assets require different rules of thumb. Dow Theory provides a time-tested means of classifying the US stock market as bullish or bearish. Full Story

By: Tony Sagami - 25 August, 2015

There are thousands of economic and business statistics that you can look at to gauge the health of the US economy, but at the economic roots of any developed country is the prosperity of its “makers” and “takers.” The “makers” are our factories, and the “takers” are the transportation companies delivering those goods to the stores. Full Story

By: Bob Loukas - 25 August, 2015

We saw an amazing capitulation event in equities these past three sessions. It’s clear that market internals were weak, but no one could have foreseen the degree and rapidity of the selloff. The major US indices have already entered into official corrections (-10%), while many world markets are approaching bear market (-20%) territory. And it’s unlikely the declines are over. Friday’s drop was a massive distribution day, with 93% of volume trading lower. With a 1,433 point decline, that was the largest three day DOW decline on record. Full Story

By: Clint Siegner - 25 August, 2015

U.S. Investors are on edge following last week’s and today’s sell-off in stocks around the globe. The carnage impacted equity markets in Asia, Europe, and the U.S. Interestingly, the U.S. dollar also weakened. And bonds and gold are getting most of the safe-haven buying. People are starting to wonder what the central planners might do in response, or if they may be losing control altogether. It must be discouraging for Chinese officials to see selling continue in stocks despite threats to throw people in jail for dumping shares. Full Story

By: Keith Weiner - 25 August, 2015

I have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a striking story, because people don’t normally act like this. Of course, there are self-destructive people in every society, but, not many. Most people know not to spend themselves into poverty. Full Story

By: Bill Holter - 25 August, 2015

As a follow up from yesterday’s A Weekend’s Heads Up , my thoughts were truly an understatement for today’s action! The open was far weaker than I had anticipated, down 1,089 points. This was the biggest point drop in Dow history. The volatility was out of control with the VIX trading to 53, the highest since Feb. 2009! An illustration of how much and how fast the volatility was, total point movement in the first 90 minutes was 3,000 Dow points, 4,900 total for the day! Truly incredible! Full Story

By: Rick Ackerman, Rick's Picks - 25 August, 2015

With stocks plummeting around the world, it’s clear that gold flunked the safe-haven test. Virtually no one would have predicted that bullion prices would barely budge if the Dow Industrials were to fall more than 2100 points in just three days. And yet, that’s exactly what happened. Why? Forced liquidations and falling oil prices were obviously weighing on the precious metals sector. But it’s also possible that despite the ferocity of the selling, the institutional heavyweights who control the markets were confident that everything would turn out all right. Full Story

By: TV - 25 August, 2015

Jonathan Awde, co-founder of Gold Standard Ventures sits down with GoldSeek TV anchor Vanessa Collette to discuss why he's spent the last 3-4 years of the mining market downturn to seize opportunities, assembling the second largest land package in the Carlin Trend after Newmont! Full Story

By: TV - 25 August, 2015

Ian Graham joins GoldSeek TV Anchor Vanessa Collette to discuss what he likes about toll milling, scalability, his vision for the company, and much more! Full Story

By: TV - 24 August, 2015

In his first public interview in several years, expert economist Paul Van Eeden of Cranberry Capital joins GoldSeek TV Anchor Vanessa Collette to discuss his current fair value of gold (it may surprise you!), China, the global economy, the US economy, and his thoughts on all commodities and the junior mining sector. Full Story

By: Chris Marchese - 24 August, 2015

A big pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming precious metals shortages simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both of these government mints predetermine a rough amount they will mint at the start of the year and when demand surges a “bottleneck” can occur and this has happened in the past. Full Story

By: David H. Smith - 24 August, 2015

For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits. Full Story

By: Brian Hunt - 24 August, 2015

You wake up in the morning, turn on the news, and get a sick feeling in your stomach… The stock market is crashing again. Another big Wall Street bank has failed. Your 401(k) has lost another 25%. It’s bleeding value every week. Your dream of early retirement is history. You’ve lost so much money in stocks that even a "regular" retirement is in jeopardy. If you live a long life, there’s no way you’ll have enough money. Full Story

By: Frank Holmes - 24 August, 2015

Gold last week broke above its 50-day moving average as a fresh round of negative news from around the globe rekindled investors’ interest in the yellow metal as a safe haven. The Fear Trade, it seems, is in full force. Full Story

By: Hubert Moolman - 24 August, 2015

Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times. Full Story

By: Koos Jansen - 24 August, 2015

Developments at the Chinese central bank (PBOC) hint at more moves towards gold. The most important recent gold developments are; (i) the PBOC updated its official gold reserves from 1,054 tonnes to 1,658 tonnes on 17 July, (ii) the PBOC devalued the renminbi by approximately 3 % on 11 August, (iii) the PBOC again updated its official gold reserves on 15 August, increasing the gold reserves by 19 tonnes to 1,677 tonnes and for the first time values the gold reserves mark-to-market. Full Story

By: Graham Summers - 24 August, 2015

The market’s technical damage of the last week has been severe. The stock market began its near-vertical climb in late 2012. Since that time, the 126-day moving average (DMA) and 280-DMA have served as major lines of support for the bull market. The 126-DMA acted as initial support whenever the market began to lose momentum. And if the 126-DMA was taken out by intense selling pressure, the 280-DMA acted as CRITICAL support, as it did in October 2014. Last week we sliced through both lined without any difficulty what-so-ever. Full Story

By: Frank Holmes - 24 August, 2015

Gold Fields was the best-performing senior mining stock for the week, up 33.96 percent. CEO Nick Holland said investors are missing the quality of its foreign operations by focusing on delays and higher costs at its domestic projects. The company’s mines in Peru, Australia and Ghana helped raise headline earnings to $19 million in the second quarter, mending losses from the previous two quarters. Full Story

By: Rambus - 24 August, 2015

Before we look at some weekend charts I just want to second Sir Fullgoldcrown’s Friday night post at the forum. We created Rambus Chartology so we could have a community of like minded investors who want to learn as well as share what they have experienced in their own investment world. We are all equals when it comes to the investment world which can humble even the most experienced traders on the planet. Full Story

By: Keith Weiner - 24 August, 2015

There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. What happened to the fundamental price? You’ll have to read on to see (no cheating and reading ahead!) but suffice to say it’s quite a bit higher than the market. Full Story

By: Bill Holter - 24 August, 2015

Friday’s action closed horribly in the U.S. with the Dow losing 530 for the day. This broke away from the support level of 17,200-17,300 which will now become overhead resistance. Global equity markets around the world are in crash mode as more than a dozen are already down 30-50% while the U.S. has just eclipsed the 10% correction zone. My guess is we will see a very weak opening with one or several rally attempts. An exhaustion bottom can be expected in the first half of the week with nervous strength later in the week. This scenario I believe is our best case. Full Story

By: Rick Ackerman, Rick's Picks - 24 August, 2015

There are at least a dozen good reasons why the stock market should be falling apart, but we shouldn’t lose sight of the fact that the inevitable short squeeze will try its hardest to shift those reasons to the backs of our minds. For now, though, the bull market’s wrenching seizures feel as right as rain. The mood has been predictably festive in the Rick’s Picks chat room, where the Dow Industrials’ 1018 point loss for the week elicited enthusiastic cries on Friday for more blood. As for the losers — clueless portfolio managers who have grown grotesquely fat over the last six years on Fed stimulus rather than from any particular knack for picking winners — it couldn’t be happening to a more deserving bunch. Full Story

By: - 23 August, 2015

Gary Dorsch, publisher of Global Money Trends Newsletter, notes how officials around the globe continue to debase their money to bolster ailing economies.
The race to the bottom may have dire consequences, worldwide.
Not only are some company shares collapsing, but their bonds, too.
Peter Schiff, Chairman of and the host discuss the expected Fed rate hikes, scheduled for as soon as next month.
Our guest thinks the benchmark rate will remain set near zero, providing the rocket fuel to propel the precious metals into orbit. Full Story

By: Clive Maund - 23 August, 2015

We are now in the “full on” market crash phase predicted and earlier prepared for on many weeks in advance – it comes as no surprise to us whatsoever. The purpose of this update is to consider what is likely to happen over the next few days and especially tomorrow, Monday. When a market tips into a crash on a Friday, what typically happens is that the thousands or even millions of investors who believed the mainstream media and didn’t see it coming spend the weekend “stewing” over their investments – and many of them decide to bail out come Monday. Full Story

By: Chris Martenson - 23 August, 2015

The global deflationary wave we have been tracking since last fall is picking up steam. This is the natural and unavoidable aftereffect of a global liquidity bubble brought to you courtesy of the world’s main central banks. What goes up must come down -- and that's especially true for the world's many poorly-constructed financial bubbles, built out of nothing more than gauzy narratives and inflated with hopium. Full Story

By: Dr. Jeffrey Lewis - 23 August, 2015

There are fundamentals. And then there is legalized betting, ultimately backed by you, the tax payer. Otherwise known as speculative trades. Modern day commodity prices are determined by the latter, rather than by the result of trading based on the former. As silver prices bounce along the bottom of a four-year dismal performance range, suddenly it becomes nationalize news. Everyone likes to see the aftermath of a train wreck. Full Story

By: John Mauldin - 23 August, 2015

Back in the olden days (pre-2000 or so), information junkies like me relied on printed newspapers, paper magazines, TV newscasts, and snail-mail newsletters. All these channels still exist, but they can’t begin to compete with the constant stream of data rushing into our tablets and smartphones. And on some days the stream rushes faster. Full Story

By: Steve St. Angelo, SRSrocco Report - 23 August, 2015

If you are waiting for a signal that a global wholesale silver shortage has begun, it will likely be too late to acquire physical metal. Why? Because it has never happened before. So, when the world bond and stock markets finally collapse under a mountain of paper, leverage and debt, we will witness one hell of a GLOBAL RUN ON SILVER. Full Story

By: Warren Bevan - 23 August, 2015

I was away last weekend so there was no weekend letter but the setup for lower moves in metals failed and we are now moving up to resistance levels I outlined a few weeks ago. Markets were hit extremely hard Thursday and Friday saw the largest down-day we’ve seen in 4 years. My subscribers and I are in cash and have been mostly for all summer as we wait for setups while taking advantage of a few trades that pop up here and there so we are in good spirits. Full Story

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