Each day, I alert you of all information relevant to your personal due diligence process. At the Miles Franklin Blog, our goal is to optimize your ability to make intelligent financial decisions and cumulatively, David Schectman, Bill Holter and I put in no less than 30 hours per week doing so. Such efforts are undertaken for free which is why we humbly ask, if you decide to buy, sell, or store Precious Metals, to “give us a chance” to earn your business. Full Story
For all the recent fear in the market after another flare up in the Ukraine its hard to complain about how the big indices are holding up. All are near their highs. That’s good but there are some strange cross-market correlations that make one wonder. Full Story
By: Steve St. Angelo, SRSrocco Report - 2 May, 2014
There's a lot of shortsighted and incorrect silver analysis out there, so it's imperative that you consider the information in this article. CPM Group just announced the release of their 2014 Silver Yearbook. In their statement they implied that "Net Global Silver Investment" declined in 2013, while fabrication demand increased. Full Story
The latest action by the Federal Reserve is part of a policy shift, the most important one in fact of the last five years. The Fed’s plan for unwinding its quantitative easing (QE) stimulus coincides with the bottom of the 60-year cycle of inflation/deflation. It couldn’t be happening at a better time and the results will be either very positive or extremely negative, depending on where you stand when the smoke clears. Full Story
The credit cycle that normally drives advanced economies through boom and bust is turning out to be different this time round. The boom between the Lehman bust and the one yet to come never got going, because of very high levels of existing debt. This condition will almost certainly lead to stagflation. Full Story
Last week we noted that the gold and silver shares had formed a short-term rebound in response to an oversold condition. Yet we felt that the downtrend that originated from the hard reversal in March was still in effect. As we go to publish, the rebound appears to be petering out. Be aware that there is more potential downside in May. The good news is a decline in May will likely create a great buying opportunity at the end of the month and in June. Full Story
We are a problem-focused species. We are obsessed with the belief that we must do something. Yet all of these economic-social issues, like most that make up the fabric of experience, unfold in their own time. A careful review of history through a critical prism will reveal this unfolding as a series of long term waves. Full Story
By: Gary Dorsch, Editor, Global Money Trends newsletter - 1 May, 2014
Two years ago, the big worry in the global markets was the possibility that Greece would opt to leave the Euro, which in turn, would set off a chain reaction, in which Portugal, Ireland, Greece, Spain, and Italy might also choose to do the same. The Euro’s credibility was at risk as it plummeted towards US$1.200. Nervous investors were thinking about withdrawing monies held on deposit with European banks. A mini-flight of capital was already underway. Businesses and households had withdrawn €80-billion ($103-billion), from banks in Greece, Ireland, Italy, Portugal, and Spain, during the first five months of 2012. Full Story
The European Union (EU) may be an economic and political union of 28 member states but there has never been little doubt that its centre is in Germany. As a whole, the EU is the largest economy in the world with a GDP of $17.4 trillion (2013). Germany is the largest economy in the EU at $3.6 trillion. That would rank them 4th in the world behind the US, China and Japan. Full Story
The bear case most popular these days goes like this: the US economy is recovering, interest rates are going up so gold will be more expensive to hold and go down in price. It’s an inconvenient truth then that US GDP managed a whopping 0.1 per cent annualized growth in the first quarter. Rising job claims suggest Friday’s non-farm payrolls number may be another huge miss. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 1 May, 2014
We can't ignore it anymore - the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after the spot price dropped dramatically last spring. Full Story
Constant vigilance is imperative for seniors, savers and income investors. It allows for flexibility in response to market conditions when a coming storm threatens the security of investments. It’s possible to maneuver into a safer position when you know what’s ahead. Learn more about how to gain agility by recognizing political and social changes that could impact your portfolio. Full Story
After a long and agonizing winter which was attributed to the so-called “Polar Vortex”, we thought it would be appropriate to highlight for precious metal investors the implications of what we call the “Chinese Gold Vortex”. Over the past year, we have been very vocal about what we consider an aberration: the complete disconnect between gold supply and demand fundamentals and the actual price of the metal. Full Story
When Kevin Brekke, managing editor [of World Money Analyst], contacted me last week, I knew it was time again to survey the investment landscape. This month, I will focus on Europe and its decoupled financial and real-economy markets. Globally, the last two years were marked by booming stock exchanges of developed markets, disappointing bond markets, and devastation across the precious metals markets. Full Story
The analysis of the past twenty years of the Miners Index is showing that an important bottom has been printed in December 2013. The Miners Index’s symmetrical sequence and also the relation between the Miners and the 78.6 Fibonacci Number (both in Price and Time) are validating this major low. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 30 April, 2014
GATA frequently writes to about two dozen journalists at mainstream financial news organizations about matters indicating manipulation of the monetary metals markets, alerting them to all new documentation and evidence we've discovered, so that none of those organizations can claim not to have known what was going on, only to have ignored it. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 April, 2014
In addition to the latest excellent study of the Chinese gold market by the World Gold Council, we have received other reports on the Chinese gold market that differ with the conclusions drawn by the World Gold Council. But we shouldn’t be surprised by this, not only because of the opaque nature of the Chinese gold market and the dearth of accurate statistics that are accessible. Which ones are right is critical for the conclusions each draw paint very different pictures of the future of the gold price. Full Story
If investors have learned nothing else from the events of the last five years, they’ve at least learned that fighting the Fed doesn’t pay. Indeed, the biggest lesson of all since 2009 is that monetary liquidity is the single biggest determinant of future stock prices. Given a loose enough monetary policy, stock prices will always respond by going higher. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 29 April, 2014
While there is wide agreement that the cost of college education has risen far faster than the incomes of most Americans, there is some debate as to whether the quality of the product has kept pace with the price. Not surprisingly, almost all who argue that it has (college administrators, professors, and populist politicians) are deeply invested either ideologically or financially in the system itself. More objective observers see a bureaucratic, inefficient, and hopelessly out of touch ivory tower that is bleeding the country of its savings, and more tragically, its intellectual acuity. Full Story
This could be a breathtaking week for gold investors around the world. A huge number of key financial reports and meetings are scheduled, and any one of them is probably capable of moving the gold price quite significantly. The FOMC meeting is on Wednesday. That’s a key event for gold. I’m predicting the Fed will announce another $10 billion taper, as are most mainstream analysts. Unlike most analysts, my view is that the Fed’s taper is not based on the US economy returning to normal economic growth. Instead, I see the taper as the Fed’s way of pre-empting a rise in inflation. That’s generally supportive for gold, and neutral to negative for the US stock market. Full Story
By: Marin Katusa, Chief Energy Investment Strategist - 29 April, 2014
While Keystone XL is the talk of the day, this hush-hush project has already passed its Senate hurdle… and one company is getting ready to make a killing. Full Story
While central banks endeavour to maintain the confidence in paper “money” and try to avoid a spike in the gold price, central banks have in fact become net buyers of gold since 2010. They do this in fact at a pace not seen since the early 1970s. In 2012, Central Banks bought over 500 tonnes. Full Story
The greenback isn’t what it used to be. At least for now, when there’s a “flight” to U.S. Treasuries; historically a sign of “safe haven” demand; the U.S. dollar has not only not benefited but has increasingly been on the losing end. Is this a temporary sign of special circumstances or has the dollar lost its safe haven appeal? There may be profound implications for investor’s portfolios seeking downside protection. Full Story
Along with the highly publicized loss of leadership from big tech, the US stock market is now in danger of losing another, and possibly more important leader, the piggies or banking sector. While the weekly chart of BKX has not yet broken down, it is very close to doing so after sporting a negative RSI divergence for the better part of the last year. We should not jump the gun with bearish scenarios, but as always we want to be among those looking forward and ready, just like in 2007, which was the last time BKX-SPX began to roll over in earnest. Full Story
By: Steve Saville, The Speculative Investor - 29 April, 2014
The boom/bust cycle is caused by fractional reserve banking. Rather than eliminate this practice, that is, rather than prevent the commercial banks from creating money out of thin air, central banks were established to 'backstop' the commercial banks. This paved the way for longer booms and more severe busts. Gold tends to do relatively well during the busts and relatively poorly during the booms. Full Story
All too many people allow fear to immobilize them when it comes to investing for their own retirement. Many of these people are capable, successful and intelligent and have often made millions for their businesses in their respective fields. There’s something, though, about investing for your own nest egg that makes it more difficult to grasp. We explain that there’s little to actually fear and that individual investors are very capable of producing returns as safely as a fund manager. Full Story
Never have I had so many topics to choose from and hence, the ominous title of today’s article. However, before I start, I want to discuss a survey we recently sent to readers of the Miles Franklin Newsletter. Overwhelmingly, the feedback was positive, as validated by hundreds of positive responses; and in fact, no more than 1% had anything materially negative to say. Thus, overemphasis of the negatives would be misleading in the context of the whole. Full Story
By: The Gold Report and Thibaut Lepouttre - 28 April, 2014
Metals prices have been trading sideways for some time. How can you make gains in your portfolio when commodity prices are in a stalemate? In this interview with The Gold Report, Thibaut Lepouttre, editor of Caesars Report, talks about ways to play metals from gold to copper and tungsten in a market with weak price movement, and scans the globe to find potential winners. Full Story
Last year China’s private-sector demand for gold reached a record level of 1,132 tonnes, and according to the World Gold Council (WGC), the Asian nation could easily dominate the gold market once again, as they predict demand growing 20 percent by 2017. Full Story
By: Jeff Clark, Senior Precious Metals Analyst - 28 April, 2014
As I look at your current situation from a historical perspective, I see a lot of catalysts that will catapult my price higher in the near future. It seems rather clear that as demand continues to grow, supply tightens, and my role as money grows more substantial, I will trade at much higher levels in just a few short years. Full Story
First off, it is pretty audacious to label any investment asset as the world's cheapest when you consider the implications of that claim. Most of the world's investors are value oriented, always on the prowl to find undervaluation and if they could identify the single most undervalued investment opportunity, it would only be a matter of time before they descended upon it. Simply put, if you could identify the most undervalued investment asset in the world that would be another way of saying you had identified the world's best investment opportunity. Full Story
In this article we are going to look at what is going on in the Ukraine, because it has major implications well beyond its borders, and could have a significant impact on the price of gold and silver. We will examine this situation in a calm, detached and objective manner, as if we were visitors from another planet with no bias or stake in any outcome. Full Story
Just about everybody knows the story of ‘The Tortoise and the Hare’ from their childhood, perhaps the most well known of Aesop's Fables and the wise lessons that lay inside. Yet today, in our instant gratification engrained ‘me society’, where social media addictions and selfies flourish as attention deficit distraction, it appears these pearls of wisdom have been lost on most, at least this is how it appears. Because when one looks around, it’s not difficult to spot increasing numbers of morally challenged fast movers who think they are getting ahead, especially in financial circles, often unjustifiably so and at the expense of others. Full Story
It looks like gold and silver stocks bottomed on Monday April 21 and that gold and silver also bottomed this week. Really? The usual reaction is, “the stocks have been hammered, gold is off over 30% from its highs and silver is down nearly 60%. Sentiment is low, few people are interested, and gold and silver will probably crash again in a few weeks.” Full Story
The situation in the precious metals sector remains tense – miners have broken above the declining resistance line, while gold hasn’t. However, taking Friday’s intraday move in the USD into account, we can say more about the gold-USD link. Let’s take a closer look. Full Story
Billionaire-entrepreneur and founder of Sprott Asset Management, CEO Eric Sprott says the official economic numbers are bogus; most people realize they are paying more for life's necessities than reported. Even after spending trillions of taxpayer dollars, the Fed has accomplished little other than put the US further into debtor's prison. Last week, the EU put savings accounts with over 100,000 Euros at risk of confiscation - Eric Sprott says that investors across the pond should be bracing for something similar, unless of course savings are held in physical bullion, coins and bars. Full Story
To listen to most of the heads of the world’s central banks, things are going along swimmingly. The dogmatic majority exude a great deal of confidence in their ability to manage their economies through whatever crisis may present itself. (Raghuram Rajan, the sober-minded head of the Reserve Bank of India, is a notable exception.) Full Story
The catastrophe for financial markets now unfolding in the Ukraine will have a very positive upside for gold. If Russia invades eastern Ukraine this week what price will gold be by next weekend? $1,350? $1,400? Or much higher? Full Story
At the beginning of the month I theorized that stocks were about to enter a final bubble phase, and that during that process gold should deliver a capitulation phase to end the three year bear market. This is a follow up to see how things are playing out now that we have another months’ worth of price action behind us. Full Story
One of the biggest problems for the West, the US in particular, is its increasingly parochial perspective from the narrowest of lenses, fully colored by the elite’s use of its main propaganda machine, the Maintstream Media. It will not work for people to expect more from their government, rather, people have to demand and expect more from themselves, for in the end, people will discover all they really had to rely upon was themselves and failed to do so. Full Story
Many silver and gold buyers forget one of the main reasons to buy physical silver and gold bullion today is due to the world's current fragile financial system. Some even make the mistake of buying physical bullion and then storing it in a Safe Deposit Box at their local bank. Why is that a mistake? Safe "deposits" held within regulated bank boxes are not very safe, nor private, nor FDIC insured deposits. Full Story
Another volatile week for markets who don’t look that bad, but leading stocks are being battered and most earnings numbers, even if good, cause a large selloff, even after a large initial gap higher. It remains a dangerous market with not much to do. A lot of investors and traders don’t understand that there is a time to be out of things and wait. There is a time to play offence and a time to play defence. As for gold and silver, they may have found lows now by a thread but a few more days is really needed before I can be sure. Full Story
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