By: Adam Hamilton, Zeal Intelligence - 30 June, 2017
The US stock markets have enjoyed an extraordinary surge this year, shattering all kinds of records. It’s been fueled by hopes for big tax cuts soon from Trump’s Republican 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 mounting potential for serious selloffs erupting. Full Story
In last week’s letter, John Mauldin had some harsh words for the Federal Reserve leaders whose hubris pushed us into our current monetary corner. Now, with no good choices left, all we can do is pick the least-bad one. I could easily pile more criticism on Janet Yellen and the gang, but I have a different question: Why are powerful people so consistently clueless about the harm they inflict on everyone else? We’ll look at some new research for a possible answer. Full Story
This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years. Full Story
Apparently, The Globalist Deep State has gone on the Offensive again against Investors and Freedom—Potentially Conning Citizens everywhere via the deceptively named Bill “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S1241 – Grassley R-IA). We say apparently because the language of the proposed law appears straightforward enough. However, the language of Key Provisions is so Broad it could be interpreted and applied in such a way very detrimental to Investors, Businesses and Citizens in General. Full Story
We often hear about ‘peak gold’, i.e. the maximum level of the global production of the yellow metal. According to some analysts, the gold supply already peaked in 2016 or it is likely to peak very soon, offering hope for gold bulls. We do not agree with them. The notion of gold peak is flawed and should not be a basis for investing in gold. Full Story
In Part I of this riveting discussion with global financier, Martin Armstrong of Armstrong Economics, discusses his two upcoming seminars. The Forecaster was one of the few to correctly anticipate the runaway bull market in US equities. He is calling for 23,000 Dow and if that is eclipsed, perhaps a parabolic move as the general public lost its appetite for shares during the 2009 crash. Full Story
We’ll get a better sense of how serious this is if and when the futures roll over and take a second leg down. If it should reach or exceed the downtrending abc pattern’s ‘d’ target, that would have bearish implications at least for the near term. For the moment, however, the September contract is rebounding moderately in after-hours trading. If the rally were to continue, exceeding the 21.454 ‘external’ peak that I’ve labeled, DaBoyz would have shorts seriously on the run ahead of the holiday weekend. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 June, 2017
The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for U.S. citizens to store their gold in the hopes that it will be outside the reach of the U.S. Federal Reserve. We respond to the article that described it as a myth, because we are firmly of the opinion that as we move from dollar hegemony to a multi currency, world currencies will find themselves competing against each other [race to the bottom] and increase the prospects for the confiscation of gold held in storage companies and by dealers as well as making such dealing illegal again. Full Story
The head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX), returns. Despite the coordinated efforts of the PTB to cap the price, gold has still ascended about 10% in 2017. Their efforts are in vain as the price of gold will inevitably reach its intrinsic value, north of $2,000. The gold revival could be abrupt as investors scramble to procure the metal at almost any price. Full Story
Since 2007, the world has packed on a truly staggering amount of Debt. That year (2007) is now commonly referred to as a debt bubble. At that time, global debt was $149 trillion. Today, 10 years later, it stands at $217 trillion. Put another way, the world has packed on another $68 trillion in debt since the last debt bubble. In terms of Debt to GDP, the world has risen from 276% in 2007 (an already insane amount) to 327%. Full Story
For the last several years, when we were still below the 1800 region in the SPX, we have been prognosticating that the market is going to head to the 2537-2611SPX region before any correction will be seen. Thus far, the market is still on target. As George Santayana wisely said, “Those who do not remember the past are condemned to repeat it.” And, it seems that Ms. Yellen is forgetting her history. Full Story
This monthly series analyses recent developments in the world’s largest physical gold markets such as India, China, Russia and Switzerland and features charts as diverse as Swiss gold imports and exports, Russian Federation gold reserves, Shanghai Gold Exchange physical gold withdrawals, and COMEX gold futures vault inventories. The featured charts have been created by the GOLD CHARTS R US market chart website. Full Story
When people think of San Francisco, they might think of the Golden Gate Bridge, cable cars, Chinatown, the 49ers or Giants. I’m a fan of all of those things, but what usually comes to mind when I think of San Francisco is Silicon Valley, the world’s premiere hub for innovation and entrepreneurialism. That makes it, I believe, one of the most attractive places in the world to invest. Full Story
The train wreck that is the state of Illinois has generated a lot of questions lately, including “Will its government ever pass a budget?”, “Will it ever pay its overdue bills?”, and “Is it possible for a state to go bankrupt?” Looks like we’re about to get some answers to these questions, along with one more: “What happens to the financial markets when people finally realize that Illinois is far from the only impending bankruptcy?” Full Story
Lets start with the dollar as that's where the action is today. After making new 2017 lows yesterday, we knew that today would be a pivotal day. When Count Draghi issued some "clarification" earlier to his remarks of Tuesday, it seemed a clear attempt to help the dollar of the mat. Instead, the POSX has fallen further this morning and now rests at almost exactly 96 and very near the KEY LEVEL of 95.88 that was the Trump election night reaction lows. A break of this level on a closing basis would seem to be a VERY significant development. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 28 June, 2017
Those who claim that the Senate Republican proposal to replace Obamacare will kick millions of people out from health insurance coverage are dead wrong. Yes, it will cause the number of insured people to decline, but that will happen because millions of healthy individuals will be incentivized to voluntarily opt-out of traditional health insurance. For those people, the law will make traditional insurance a sucker bet. Instead of buying comprehensive health insurance policies, as they are currently known, they will either go without insurance for as long as possible or purchase a new type of low-cost insurance that the new proposals will likely create if they become law. Full Story
The use of the term “red line” makes this more than just another line in the sand because of its historic overtones. Assad and everyone else in the world remembers the political price Obama paid for stating that a chemical weapons attack would be a “red line” for the US that Syria dare not cross. When an attack did happen, which Obama doubted was due to Syria, he refused to cross that line and was criticized for cowardice for years. I think everyone knows that Trump is not about to repeat that kind of retreat from his threat. Full Story
There’s an advantage to being well-connected in an industry: you can sometimes be among the first to spot a change in trend. And that appears to be exactly what’s happening in the gold industry. Retail demand for physical gold products has been strong over the past few years, and lukewarm from the institutional crowd. But now traders and dealers are witnessing a shift. Retail demand has gone soft—but interest from institutions and high net worth investors is spiking. Full Story
I cannot wait to get to today’s principal topic – so much so, I actually considered putting it ahead of the day’s extremely PiMBEEB events. However, in the spirit of structure; the virtue of anticipation; and most importantly, the necessity of focusing on the political, economic, and monetary dangers facing us, I’m going to hold off until the end. Trust me, after reading the “preliminaries,” you’ll be better mentally prepared to embrace it! Starting with… Full Story
At about 4:00am yesterday, gold suffered a dramatic sell-off in just a few seconds. More than 15,000 contracts quickly changed hands on the COMEX. This caught most investors by surprise. That’s because they don’t follow the physical market meticulously. The supply and demand of physical gold is what drives price discovery in the paper market. The leverage involved on the COMEX, SGE (Shanghai), and the LBMA (London) allows the paper market to significantly magnify the action taking place in the physical market. Full Story
By: Steve St. Angelo, SRSrocco Report - 27 June, 2017
As the Mainstream financial media continues to promote the biggest market bubble in history, only a small fraction of investors are prepared for the disaster when it finally POPS. The markets are so insane today, it seems as if fundamentals don’t matter any more. However, they actually do if we look at the numbers closely. Full Story
While the market is searching for a top before the next larger pullback begins, I have no indications just yet that such a top has been struck. But, I still believe we will revisit the 2300SPX region before we begin the next larger rally phase towards 2600SPX. Full Story
One year ago, British voters cast their ballots in favor of leaving the 28-member European Union, defying multiple opinion polls leading up to the Brexit referendum that said the “remain” camp would notch a narrow victory. In a pre-Brexit Frank Talk last year, I wrote that Brexit would be regarded as the most consequential political event of 2016. President Donald Trump’s surprise election notwithstanding, I stand by my earlier comment. Full Story
Gold is the most misunderstood asset class in the financial world. I remember when I first understood this and how enlightened I felt when I realized the true value of gold in one’s possession. I was 23 years old. Because I was asked to speak at multiple conferences lately, I decided the time was right to explain the true nature and importance of gold in one’s portfolio, a concept that most modern investors simply do not understand or grasp. Full Story
In recent day and weeks, I have slowly moved to the starboard side of the "Vessel of Public Opinion" where most seasoned veterans (aka "old guys") usually wind up; that is to say that I am now officially "cynical" when it comes to the world of investing. Residing in cynicism usually has a few distinct advantages with one being the uncanny ability to have your "bullsh*t meter" on at all times while one glaring disadvantage is that you miss opportunities you might have taken when you were young(er) and eternally optimistic. Full Story
So far we have covered a few of the laws and policies government, in conjunction with the banking cabal have their sights set on our remaining wealth. We have also questioned the base architecture of the internet and shown how governments outside the U.S. have explored building an entirely new internet for the purpose of moving away from the U.S. centric internet. Anyone that doesn’t understand our entire digital footprint is captured and catalogued by government spy agencies is not living in the real world. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 26 June, 2017
Gold tumbled to its lowest price in nearly six weeks as a large sell order and a stronger dollar hit sentiment today, though losses were limited by political uncertainty around the world. ... The sale of 18,500 lots of gold, totalling 1.85 million ounces, and 5,000 ounces of silver in 5,500 lots on Comex in a short space of time was behind falling prices, said Afshin Nabavi, head of trading at MKS in Switzerland. Full Story
The best performing precious metal for the week was gold, up 0.25 percent. In the weekly survey of gold traders, Bloomberg reports the majority are bullish, for the first time in three weeks. The gold price has recovered from a one-month low. Bloomberg reports rising gold imports in many of the key markets. Swiss gold exports rose 39 percent month-over-month in May, with an increase of 40 percent to India and 70 percent more going to Hong Kong. The exports are the most since December 2016. Full Story
Sound money advocates rejoiced as Governor John Bel Edwards signed House Bill 396 into law in recent days. HB 396, which passed in the Louisiana state house and senate earlier this month by overwhelming majorities, removes state sales taxation of precious metals, specifically gold, silver, and platinum coins and ingots. Full Story
Bob Hoye of Institutional Advisors rejoins the show with a fresh perspective on the financial markets / cryptocurrencies. His proprietary indicators suggest US shares are reaching bubble territory as speculative euphoria is approaching year 2000 dot.bomb levels. Head of the Trends Research Institute, Gerald Celente returns with grave concerns for the US middle class and the wealth gap. Tens of millions live below the poverty line, 102 able bodied citizens are out of work while a tiny fraction own half the world's wealth. Full Story
Technically, this pattern could break either up or down, but with the Federal Reserve now aggressively hiking interest rates AND draining liquidity from the system to the tune of $10 billion per month, we could very well see some fireworks to the downside. Full Story
TLT is now a buck from its target of 129. Tell me, where is all that mania about rising interest rates and the likes of the “R.I.P. Bond Bull Market” headlines (Bloomberg called the bottom almost to the day with that Louise Yamada hype). Now a mature bounce labors on. 129 does not need to stop the move, but it’s a long-standing marker, so… Full Story
Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. We cannot know for sure yet but what we can say is precious metals are nearing a big move. Gold and gold stocks have traded in tight ranges which will compress further while volatility indicators approach multi-year lows. This is the setup for a break and then a powerful move with increasing momentum and volatility. Full Story
Steve Saville wrote a post this week, in which he proposed a model that indicates the fundamentals of gold. According to him, these are: (1) the real interest rate, (2) the yield curve, (3) credit spreads, (4) the relative strength of the banking sector, (5) the US dollar’s exchange rate, (6) commodity prices, and (7) the bond/dollar ratio. Full Story
Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working because they have become the banks that are too big to fail. At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock market via major purchases of the most healthy companies on the market. Full Story
Everyone knows that our “official” US debt is around $20T on our “cash basis” of accounting. When taking all our promised future payments into account and running them back to their present worth then the real US debt is around $80 to $120 T. Considering the total US GDP for an entire year is only $18.5T these numbers are pretty unpayable – EVER. Of course this means only one thing which is default. Full Story
There wasn’t much in the way to drive markets from economic news. Some Fed officials spoke with two governors Harker and Evans suggesting that the Fed should wait for more proof of the rebound before hiking rates again. Many continue to expect the Fed to hike at least one more time this year in either September or December. The Fed continues to believe a tight labour market will drive inflation higher even as there is little proof that is happening. Full Story
Longtime readers know I am not the Federal Reserve’s #1 fan. I can’t recall ever resting easy, confident that the Fed was ably looking out for our economy and banking system. However, I have experienced varying degrees of skepticism and distrust. I must also acknowledge that we are all still here despite the Fed’s many mistakes. Full Story
I would like to put out a short update on the oil market and my view of the QQQs being a proxy for the Hi-Tech end of the market. With the hard sell off in the oil market of this week this would seem a logical place to give it a rest and for a short seller to step over to the sidelines for a while. Anytime the market has gotten itself to this level of being oversold we have seen a rip to the upside. Full Story
By: Steve St. Angelo, SRSrocco Report - 26 June, 2017
Over the past eight years, earthquake activity in Oklahoma has increase substantially. Before 2009, Oklahoma experienced one or two low magnitude earthquakes per year. However, after 2014, Oklahoma has been suffering from one to two low magnitude earthquakes per day. While many people believe the huge increase in earthquake activity in Oklahoma is due to oil and gas fracking….. it isn’t. Full Story
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