Gold Miners are and have been in a process. Remember gold bugs, the sector does not distinguish itself as unique until the commodity items above eventually flame out along with the broad markets. So for now, it’s ‘inflation trade’ and this sector is not special. The ongoing consolidation in HUI is interesting though, and this will be the sector in waiting when things fall apart. Full Story
Despite the assurances of some world leaders, over the last couple of years the planet has become more dangerous, not safer. The threat of nuclear war with North Korea, the repeated cyber-terrorism attacks that will only escalate in frequency and severity continue to occupy headlines. Weather-related events keep wreaking massive damage to crops, property and sometimes, take human life. The prospect of a global financial collapse that could topple major banks as in 2008 never seems to be off the minds of pundits. Full Story
The US stock markets enjoyed an extraordinary surge in 2017, shattering all kinds of records. This was fueled by hopes for big tax cuts soon since Republicans regained control of the US government. But such relentless rallying has catapulted complacency, euphoria, and valuations to dangerous bull-slaying extremes. This has left today’s beloved and lofty stock markets hyper-risky, with serious selloffs looming large. Full Story
Did you know inflation is too low? I didn’t. And neither does the $USD. The greenback is down almost 10% this year and is about to end 2017 with its largest loss in over a decade. Bear in mind, the $USD is collapsing at this pace DESPITE the Fed raising rates three times in 2017. Why does this matter? Full Story
Using Occulus VR technology, Spectiv facilitates mainstream adoption for all users from novice to expert, helping anyone to create realistic content with minimal technical skills. Formerly the exclusive domain of deep pocketed firms like Lucus Films and the Discovery Channel, VR will soon be available to everyone. The Spectiv team is positioning the platform for mass adoption of groundbreaking services, such as a Pay-Per-View-VR and "The YouTube... Netflix of VR." Full Story
Ever since we broke down below the upper support region back in early September, and invalidated an immediate break-out set up, we have been looking for the GDX to test the 21 region. It was a point of support which could complete the larger degree wave ii, and begin the long-awaited start to a major 3rd wave rally. And, if it broke, it opened the door to the 17-19 region for a larger degree wave ii bottom. Full Story
We have confirmation today that the US Dollar is in a failed and left translated daily cycle and that the larger intermediate cycle is now in decline. The dollar is in serious trouble and the Fed doesn't even realize it. Full Story
It’s not boasting to state plainly that you were right if you are equally direct about your errors. I have until now rightly predicted all of the stock market’s major downturns, starting with the one in 2007 that gave us the Great Recession. The first of those led to the writing of this blog. The next two were predicted and recorded as they happened on this blog, and the latest, whether it proves right or wrong, waits shortly in the future. Each time I made such a prediction here, I bet my blog on it. The blog is still here, but will it continue to be? Full Story
The purpose of this missive is not to gloat because my musings over the Crimex "invisible hand" only serve to enrage me even further as to the corruption and self-dealing so odiously present at the CME. Is it any great mystery that BTC moved in a virtual straight line from $1,000 to $20,000 in the past eighteen months without the involvement or "assistance" of the CME? Remember this as long as you are able to breathe: "As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities." R-i-i-g-g-h-h-t-t. Full Story
The US Dollar continues to confirm that is not only in a bear market, but likely to collapse in 2018. This will have significant implications for all kinds of investments. Full Story
Experts agree that the Medicare program has far worse expected financial problems than Social Security over the long term. What is little understood, however, is that Medicare premiums are the back door whereby the health care expenses of an aging nation consume the individual standards of living that can be provided by Social Security. This process can entirely change our personal standards of living in retirement and needs to be fully taken into account when making financial planning decisions. Full Story
Bill Murphy of GATA.org, returns to the show with an upbeat outlook on the PMs sector for the new year. Gold and silver remain the most overlooked and undervalued asset class, due in no small part to the gold cartel's machinations. The pendulum could soon swing in the other direction as leverage on the short side of the trade reverses course propelling the PMs prices to unforeseen levels. The startlingly accurate work of Clif High, suggests a Bitcoin like price ascent in the silver market in 2018. Full Story
One of the hallmarks of late-stage bubbles is a shift of power from lenders to borrowers. As asset prices soar and interest rates plunge it becomes harder to generate a decent yield on bonds and other fixed income securities, so people with money to lend (like pension funds and bond mutual funds) are forced to accept ever-less-favorable and therefore far-more-risky terms. Full Story
The precious metals sector is on major buy signal. The cycle is up, suggesting that the multimonth correction is now complete. COT data is supportive for a bottom in metal prices. We are holding gold-related ETFs for long-term gain. Full Story
The gold volatility index moved to a new all-time low and there was no meaningful action in gold recently. Well, we profited on the decline and on the following upswing, but the price action that we saw was nothing to call home about. For months, gold has been moving around the $1,300 level and it’s trading relatively close to it also today. But, will this action persist for much longer? Not likely. It seems that something is about to hit the fan. Full Story
COPX Copper miners etf, has finally made it back up to the top rail of an expanding flat top triangle which is consolidating the June rally. The 20 day ema has just crossed back above the 50 day ema which is giving us a buy signal. Full Story
Over the short to medium-term gold is likely to be buffeted by conflicting cross currents as we will proceed to see a little later, so it is important to keep a handle on the big picture, and for this reason we will start by reminding ourselves how bullish the big picture is for gold by looking at its long-term chart. On its 10-year chart we see that gold is in the late stages of a large Head-and-Shoulders bottom, which it is expected to break out of not far into 2018. This is a huge base pattern that can support major bullmarket. Full Story
While the U.S. Shale Energy Industry continues to borrow money to produce uneconomical oil and gas, there is another important phenomenon that is not understood by the analyst community. The critical factor overlooked by the media is the fact that the U.S. shale industry is swindling and stealing energy from other areas to stay alive. Let me explain. Full Story
The many new integrated non-USD platforms devised and constructed by China finally have critical mass. They threaten the King Dollar as global currency reserve. Clearly, the USDollar cannot be displaced in trade and banking without a viable replacement for widespread daily usage. Two years ago, critics could not point to a viable integrated system outside the USD realm. Now they can. The integration of commercial, construction, financial, transaction, investment, and even security systems can finally be described as having critical mass in displacing the USDollar. The King Dollar faces competition of a very real nature. Full Story
While many gold market technicians have been neutral to slightly negative about gold in the short term, I’ve been extremely positive. As of today, I’ve become outrageously more positive. To understand why that is, please click here now. Double click to enlarge this spectacular daily gold chart. I’ll dare to suggest that gold investors have behaved very well this year. Full Story
At last, tax reform is happening! Last week, President Donald Trump celebrated the passage of the most important legislation so far of his presidency. The final bill falls far short of the “file on a postcard” promise of Trump’s campaign. It even falls short of the bill trotted out by Congressional Republicans just a few weeks ago. It is, nevertheless, the most significant tax overhaul in more than a decade. Full Story
The Fed raised rates another 0.25% the week before last. This marks the 5th rate hike since the Fed embarked on its policy tightening in December 2015 and the fourth rate hike in the last 12 months. The Fed’s latest statement also indicates it plans on raising rates three more times in 2018. Full Story
The best performing precious metal for the week was platinum, up 2.64 percent. For the second week in a row gold traders are bullish as the year comes to a close, according to Bloomberg’s survey of traders and analysts. Additionally, the yellow metal saw a second weekly advance as bond yields climb with slower trading around the holiday period. Prices are up 10 percent for the year in comparison to 8.1 percent in 2016. Full Story
Let’s address two themes about the gold price trend that are increasingly in popularity the past few months—as the price of gold has been falling. Blame bitcoin. And blame rising interest rates. There is no direct mechanism—no arbitrage—that pushes up bitcoin and down gold. As there is, for example, with changes in relative palladium or platinum demand if diesel engines gain or lose market share from gasoline engines. Full Story
This video examines the relationship between the price of gold and the XAU index (small miners) over the past 30 years and projects the likely direction of this ratio in the coming months. Full Story
As gold is rare and precious, it has always and will always make an impressive gift which will be cherished and remembered. With its intrinsic connection to Christmas and the Christian tradition, as well as deep association to all the world's other major religions, the gift of gold is also a thoughtful one that transcends even the material value of the actual gold content. It may be of interest then to know of a selection of bullion gold bars and bullion gold coins that are ideal for gifting, and that will create a lasting impression for those that receive them. Full Story
Filled with holiday cheer, Institutional Advisors rejoins the show with comments on the global financial bubble. The Dow could be approaching an ultimate peak - current valuations are stretched beyond those of the last equities market top of 2000. Richard Daughty, "the angriest guy in economics,” writer/publisher of The Mogambo Guru economic newsletter says the stock / bond markets are approaching bubble territory. Full Story
In London to speak at the Mines and Money conference a few weeks ago, your secretary/treasurer spent much time presenting and explaining the documentation to another major financial news organization. Though such efforts have only small chances of success, given the timidity of financial journalism, they must be made, since secret market rigging by governments is as legal in nominal democracies as it is in totalitarian countries and can be curbed or stopped only by exposure to a mass audience. Full Story
Another bitcoin expert, Peter van Velckenberg, spills the beans and perfectly describes the “decentralized” “private” aspect of owning bitcoin, or any other cryptocurrency that lives on a blockchain, and uses said cryptocurrency to conduct any transaction via blockchain technology. Remember, it’s all about blockchain technology. Full Story
It’s been a rough week for the latecomer Millennial lemmings trying to get rich without doing any work – MANY WENT STRAIGHT OVER THE EDGE OF THE CLIFF, JUST AS WE PREDICTED THEY WOULD, and are now lying in a squirming heap at the bottom of it. Those who warned of the danger like Adam Hamilton, Bob Moriarty and myself were laughed at and derided – we were whistling in the wind and we knew it – BECAUSE YOU CAN’T STOP A DETERMINED FOOL. Hopefully though a few more thoughtful souls heeded the warnings and either took a whacking great profit or stayed away, which makes our efforts worthwhile. Full Story
The Bitcoin Crash has finally taken place as the king of cryptocurrencies plunged a staggering 45% from its record high in just five days. On December 17th, Bitcoin reached a peak of $19,800 but fell to a low of 10,887 in early market trading today. However, the Bitcoin price has recovered from its lows and is now trading at $13,500. Full Story
The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection. Full Story
One of the many themes we support at The Daily Coin is the constant progress happening across the emerging markets, especially the nations involved the Eastern economic alliances like BRICS, BRI, SCO, EAEU and the like. These nations under the direction of China or Russia or a combination are laying the groundwork to be the driving force of the 21st Century and beyond. Full Story
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