In my opinion, the Fed just signaled that a crash is coming, and it’s coming soon. The crash itself will likely be negative for Gold initially, but given the stimulus we now know will follow, it won’t be long before Gold shoots higher from prices we will likely never see again. Full Story
The major silver miners’ stocks have been thrashed, pummeled to brutal multi-year lows. They suffered serious collateral damage as silver plunged on gold’s breakdown, driven by crazy-extreme all-time-record silver-futures short selling. All this technical carnage left investors reeling, devastating sentiment. The silver miners’ recently-reported Q2’18 results reveal whether their anomalous plunge was justified fundamentally. Full Story
Nick Barisheff of Bullion Management Group (BMG) and author of $10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven (2013), returns. Venezuela, Argentina, Brazil, Iran, South Africa and Turkey could become the norm throughout the global financial world. Eventually the financial plague will infect the entire $300 trillion in global stocks / bonds markets and impact even North America. Full Story
For years, Adam Sharp has helped accredited and retail investors get in on the ground floor of some of the most promising early stage investment opportunities. These include not just venture capital but also equity crowdfunding and cryptocurrencies, which he added last year to his two research offerings, First Stage Investor and Crypto Asset Strategies. Full Story
It’s true. The Federal Reserve and its global Central Banking fellows have theoretically blown the system and blown an asset bubble of global proportions. That cannot be disputed because all you have to do to confirm it is look at Central Bank balance sheets bloated with Trillions of dollars worth of financial garbage that has been sucked up in order for global asset markets to not only function post-2008, but to become a collective bubble. Full Story
This week, as investors and economists fixate on record highs set by major stock market indices, they have ignored much more significant developments that emerged from the Federal Reserve's annual meeting in Jackson Hole, Wyoming. Fed Chairman Jerome Powell delivered a speech that somehow was almost universally interpreted as a reiteration of his commitment to continue to raise rates throughout the next few years. Full Story
After a vicious selloff precious metals have stabilized. Its not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s take a look at the key support and resistance levels for the metals and the miners. Full Story
I am fighting to preserve our civilization, and the life I love. We have so many things that we take for granted, including the Internet, medicine, cars and airplanes, music, and food from all over the world. We think nothing of putting formerly-exotic spices on food, and eating under electric lighting, while playing recorded music and watching the football game on a TV in the other room. Central heating keeps the cold at bay, or if you live in Arizona, central air condition banishes the heat. Full Story
Rick’s Picks will always be a good place to visit if you’re a gold bull in need of a reality check. I promise to call ’em as I see ’em, relying solely on charts, rather than on something as pathetic and sentimental as “feelings,” to guide my forecasts. Right now, those charts are saying one thing very clearly: gold sucks. This pains me as much as it does you, since, like many subscribers, I’ve got ingots, Maple Leafs and Krugerrands socked away for that rainy day we all know is coming. And it truly vexes me that one can buy a St. Gaudens double eagle — one of the most beautiful coins ever minted — for close to melt value. Full Story
Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top rail would come into play around the 34.15 area for a slightly lower risk entry point. Full Story
It’s hard for developed world readers to grasp the implications of 60% interest rates. Suffice it to say normal life is on hold – in some cases permanently – for most Argentines. Brazil, meanwhile, has currency issues of its own, with the real falling hard in the past year. But a much bigger problem is looming just across the border, where Venezuela is in the throes of a full-on hyperinflation that’s sending its citizens fleeing in every direction. Full Story
Peter Grandich of Peter Grandich and Company and Pete Speaks says he's pushed all his investment portfolio chips into the PMs. Our guest views panic related capitulation-selling as an opportunity to procure the metals at fire sale prices. Caution is advisable when overweighting any single investment class as the asset diversification remains the perennial "free lunch" investment strategy. Full Story
We are getting very close to what I believe is the final confirmation of the coming multi-year gold bull market. Although it is very clear that gold is going higher from around these levels, a move past the $1375 area would be that final confirmation, based on the update of this previously shown comparison. Full Story
A flood tide takes place at the very crest in the water's height. Once the "tide turns," there is no stopping its ebb until, much later, it reaches an extended, even a minus low. If you're ashore in parts of Alaska, where a tide can run 20 feet, not embarking "at the flood" and waiting until it's made an obvious turn can have important implications, leaving you and your craft high and dry. Full Story
This month, the silver bullion Krugerrand has been launched! It’s a really big development, as the Krugerrand is an iconic global brand. The gold Krugerrand was launched in 1967 as the first modern gold bullion coin. It enjoyed great interest, with the peak in 1978 when over 6 million ounces of Krugerrands were sold. Full Story
This chart dated April 2018, and courtesy IMF and Deutschebank shows several dozen countries and the expected % Change in Government Debt-to-GDP Ratios for “Advanced” Economies. Most of the countries listed are expected to reduce this ratio, but the USA is shown here as likely to increase its debt to GDP ratio by 9%. This increase in the level of debt will cause the US dollar to depreciate. Investors are likely to seek gold and silver for protection. Full Story
The precious metals sector is on a long-term buy signal, but that may change at month end. Short-term is on mixed signals. The cycle is down. COT data is at extreme levels, which suggests that a recovery may have already begun. We are holding some long-term positions. Full Story
Is your state destroying your money? Federal policy and the privately owned Federal Reserve System are the root causes of inflation, instability, and currency devaluation. However, states can take some steps to protect their citizens from the ill effects of America’s unbacked paper money system. Full Story
If the Fed is right, we should see the 30yr yield “catch up” to the SPX. Conversely, if the market is right, the chart above is yet another warning sign of an eventual stock market “accident.” I have no doubt that the Fed is wrong. That said, the Fed has painted itself into a corner on rates. Contrary to the Fed’s public propaganda of “low inflation,” the Fed is well aware of the true rate of inflation – inflation created by the Fed’s monetary policy since 2008. If the Fed does not act to tighten monetary conditions, price inflation will continue to accelerate and inflict serious damage to the U.S. economy. Full Story
Relative to the DOW, silver prices are too low. Long-term the DOW and commodity prices will rise. Bankers and politicians profit from currency devaluations so inflation will continue. Silver prices bottomed in December 2015 but remain low compared to the DOW, M3, and national debt. M3 and debt increase exponentially. People will realize that debts can be paid only via default or devaluation. Silver will (someday) rise when investors protect their savings and retirements with inflation hedges. Full Story
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own process. Full Story
Note that the first step in the process doesn’t involve any actual money changing hands. Germany just announces that it’s “considering” helping out and hopes that this will be enough to stabilize the Turkish lira, giving its government breathing room to bring its finances – and its relationship with President Trump – back into balance. Full Story
Welcome, everyone, to this Peak Prosperity podcast. I am your host, Chris Martenson, and it is August 21, 2018. Welcome to the dog days of summer. You’ve heard me say this before – we are living through the most extraordinary period of monetary printing in all of human history. It's widespread; it's delusional, and, yet, one of the most enduring mysteries of this period, of money printing is that every single asset, except commodities, has been raging higher in price. Full Story
Over the first eight months of the year, the Trump administration has either imposed or sought sanctions and tariffs against a seemingly wide range of countries, the most noteworthy being China, Pakistan, Iran, Turkey and Russia. Viewed separately, it would seem that each sanction or tariff is due to a specific circumstance—i.e. trade deficits with China or nuclear weapons with Iran. However, when we plot the current sanctions regime on a map, a pattern begins to emerge. Full Story
Robert Mueller appeared to be spinning his wheels for the last year and a half. But recent prosecutions of prominent Trump campaign figures now have Democrats giddy over the possibility of being handed grounds for impeachment. Full Story
Feeling the psychological effects of a four-and-a-half month decline in gold and silver prices, I decided in July to refrain from trying to fight the forces of intervention and suppression for the balance of the summer and instead try to focus on companies that carry sufficient project strengths so as to (hopefully) withstand the debilitating pressure of commodity price weakness and ensuing investor apathy. Full Story
After a screaming January to start 2018, it's been six consecutive months of pain across the mining industry. The catalyst for this has largely been fear that the Trump tariff tantrum will derail global GDP growth, coupled with fears that the U.S. dollar is set to continue its seven-year bull market and stifle raw material demand from emerging economies. The pain has been particularly acute over the past few months, leading many industry observers to question whether we have plunged into a new mining bear market. Full Story
As the majestic rally from gold bullion’s right shoulder low accelerates, Vanguard’s selling ends, and gold stocks are poised to stage “hypersonic” outperformance against all asset classes. Key fundamental and technical price drivers will soon make all gold stock investors look and feel like they are King Kong, lording over a fabulous bull era! Full Story
Since the 1999 Dow/Gold ratio peak, silver was only able to reach around $49, just short of the 1980 high of $50 (not so clear on the chart since it deals with monthly prices). This tells me that all-time highs are still coming. Interest rates are also a very important economic measure, especially for silver prices, as explained previously (explained for gold, but also applies to silver). A period after a major interest rate bottom is generally great for silver. Full Story
After the fall of the Roman Empire in 476 C.E., much of European advancement in mathematics and philosophy was either lost or simply remained stagnant. Although there is a difference of opinion among historians regarding the classification of the period after the fall of the Roman Empire, this period became commonly known as the Dark Ages. Among recent historians, the Dark Ages lasted until around the 10th century. Full Story
Gold’s dip has largely been the result of a parallel climb in the US dollar due to a number of factors, including safe haven demand for US T-bills. In fact the big story line for gold these days is that it no longer appears to be the attractive flight to safety it normally is in times of economic and political turmoil - all of which is in abundance globally right now. Full Story
First of all, the WGC published a new edition of its quarterly report on gold demand. What does Gold Demand Trends Q2 2018 say about the demand for gold in the second quarter of the year? According to the WGC data, the gold demand decreased 4 percent to 964.3 tons in the second quarter of 2018. During the whole half of the year, the demand for the yellow metal amounted to 1,959.9 tons, the lowest level since 2009. Full Story
If we go back to the last big market correction, the precious metals didn’t fall, they soared. There were several reasons the gold and silver prices disconnected from the broader markets at the beginning of 2016. In my newest video update, I show exactly what happened to gold and silver price as the Dow Jones fell more than 2,000 points in the January and February 2016. Investors back then who were expecting falling precious metals prices watched as gold shut up by nearly $200. Full Story
80% of GDP is high enough to be potentially destabilizing if the dinar keeps falling. European banks who lent money to the former French colony now wish they hadn’t and will soon be lining up for an ECB bail-out that, when combined with those of all the other emerging market creditor banks, might break the trillion-euro mark. Full Story
Studies show that mindfulness and having an attitude for gratitude is important in all aspects of life. One way to increase gratitude is to regularly take stock of not only your finances, but the other dimensions of your life as well. This includes relationships with family and friends, personal and professional achievements, and ways in which you give back. Full Story
Price ratios determine the relative value of commodities and are useful parameters to determine if a particular commodity is fairly valued, oversold, or overbought. Ratios can give insight into potentially profitable speculations. These include the commodity itself, market derivatives, and equities and/or businesses in the supply chain from exploration, extraction, processing, refining, and sales to the manufactured products that contain said material. Full Story
Chris Blasi, President of Neptune Global LLC outlines his gold and Bitcoin market outlook for 2018. Precious metals investors could be rewarded this Autumn. Bob Hoye of Institutional Advisors makes the case for gold rally following the sharp dollar selloff in the wake of the anti-rate-hike comments. Full Story
The best performing metal this week was palladium, up 2.50 percent despite money managers flipping to net bearish positions in the futures market with Friday’s update. Gold traders have switched back to a mostly bullish outlook, as of Thursday’s afternoon survey, for the yellow metal this week, as it appears the price is nearing its floor, according to the weekly Bloomberg survey. Full Story
Americans no longer carry gold and silver money in our pockets and purses as our grandparents did. But we still carry the history, legacy, and spirit of those gold and silver coins in our language. “Sound money” embodies a clear message recognized for centuries around the world. It describes the musical, metallic ring of a gold, silver, or copper coin dropped on any hard surface of glass, stone, wood, or metal. Full Story
The fact that the market has dropped as deeply as it has can either be a point of frustration for you, or a huge opportunity. Much depends on how you control your emotions and view the market. But, I would strongly suggest you view this larger degree pullback as an opportunity to own assets in this complex at prices you may not again see in your lifetime. Full Story
We are now seeing an overwhelming body of evidence coming together to suggest that gold and silver have hit bottom, and that even if they haven't, the bottom is very close and downside risk is very limited. On a more mundane level, the drop in gold and silver prices the recent past is pushing many mines to the brink of becoming economic at a time of an impending supply crunch, a situation that must soon lead to higher prices. Whilst we were premature in calling a bottom earlier this year, it really does look like the time has come to "back up the truck" for reasons that we will now set out as briefly and succinctly as possible. Full Story
GATA does understand the risks to anyone who challenges the market rigging. We often have addressed the vulnerability of the monetary metals mining industry, vulnerability to government for mining permits, royalty payments, and environmental regulation compliance, and to the big investment banks, which the industry needs for financing even though these banks are also the agents of government in all markets. Full Story
Three-thousand, four-hundred and fifty-five days. That is how long this bull market has run without a 20% or more correction (to August 24, 2018). The bull got underway with the bottom on March 9, 2009. There were two significant corrections along the way in 2011 and 2015/2016. Neither market, as measured by the Dow Jones Industrials (DJI), saw a 20% correction. Full Story
Last week, we said that the consensus is that gold must go down (as measured in terms of the unstable dollar) and then will rocket higher. We suggested that if everyone expects an outcome in the market, the outcome is likely not to turn out that way. We also said that this time, there is likely less leverage employed to buy gold and that gold is less leveraged as well. And this, combined with a contrarian perspective on the consensus view, means that this time gold won’t go down before going up. Full Story
As someone privileged to have met some of the world’s greatest thinkers, I know what first-rate intelligence looks like. I am not in their league, but I think I’m pretty good at holding opposing ideas. It’s why I’m often called the “muddle-through guy.” When I consider contradictory scenarios, I figure reality will be somewhere in between. That’s right more often than you might suspect. Full Story
At the forefront of the media’s attention today is Russia. We’re not really sure why, (well, of course we are) but it seems that Russia has become the new boogeyman. Everything is Russia’s fault. I’ve even heard rumors that the National Weather Service has plans to blame Russia for all the confounded rain in the Northeast and Mid-Atlantic this summer. Full Story
This chart of gold (courtesy of Barchart.com) shows a flag breakdown, whipsaw and new closing high for the short-term move. As we’ve noted for weeks now, the Commitments of Traders (CoT) is in a contrary bullish alignment with large Specs all but wrung out of the market (they were fleeced again; don’t believe hype about their increased shorting being some sort of conspiracy). All in all, not bad for the relic. The bounce lives on. Full Story
While many investors still believe that gold and silver will crash along with the markets as they did in 2008, I think we may see quite the opposite. In this video update, I provide even more important information on why the gold and silver setup today is much different than it was in 2008. Full Story
OK, let's take a moment to conduct a little reality-check of the hype. First off, notice how the CNN article above mentions that the US is still importing 7.8 million barrels per day. That's not much less that the record levels we're currently extracting from our own soil. So domestic oil production would have to nearly double from here to turn the US into a net oil exporter. Translation: we're not weaning ourselves off of foreign oil anytime soon, under the best of conditions. Full Story
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