The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q2’17 results reveal today’s silver prices remain profitable. Full Story
The media has taken President Trump to task for all manner of false or exaggerated claims, but surprisingly little has been said about Trump's most glaring forays into abject hypocrisy. Recently, on the Joe Rogan podcast, economist Peter Schiff outlined how Candidate Trump rightly questioned the reliability of unemployment data and stock market performance, but reversed himself completely on those fundamental views after the election. Full Story
Since 2008 there has been a widespread increase in debt around the globe, central bankers have printed and experimented with direct asset purchases like never before, and there have been many dangerous bubble-like oddities in the marketplace worthy of attention (i.e. student debt, subprime auto, junk bonds, housing, etc.). Nevertheless, despite the record increase in paper wealth since 1Q09 there has been no unifying ‘mania’ for the grumpily inclined to ceaselessly growl about. Full Story
While the perennial skeptics popped their heads out earlier in the week to again profess their disbelief in gold’s performance, supportive macro conditions behind the nascent and discreet bull market in precious metals continue to advance. Full Story
SmartRE CEO / Cofounder Lloyd Huang makes his debut appearance on Goldseek.com Radio after posting an interesting online interview. Lloyd Huang is an electrical engineer who facilitated an $8 billion semiconductor company IPO on the NYSE. Similar to a reverse mortgage, SmartRE (pronounced smarter) allows homeowners to access their home equity without going into debt. Full Story
While interest and sentiment in the precious metals have been depressed compared to the preceding month, this all changed during the past few days. This trend change is particularly the case for silver. Even though Silver Eagle sales have been much weaker this year, positive signs show that investors still believe in acquiring the shiny metal when fear and uncertainty enter into the markets. Full Story
The long-term economic oscillations between boom and bust are caused by changes in the money-supply growth rate. It can therefore make sense to monitor such changes, but doing so requires knowing how to calculate the money supply. Unfortunately, most of the popular monetary aggregates are not useful in this regard because they either include quantities that aren’t money or omit quantities that are money. Full Story
Gold finally broke through the $1300 level on Monday, and did it in style. With London closed for a bank holiday, gold appeared to be edging better in quiet European trade, reflecting a lack of sellers rather than buying. When New York opened, the price rose towards the $1300 level, before roaring through it mid-morning. It closed $27 up at $1319.5 in very heavy Comex volume. Full Story
If the price action breaks out above the new top rail we’ll have a bullish rising wedge that has been in consolidation mode going back to February which is a nice amount of time for a consolidation pattern to develop for this type of move. On the other hand if the price action breaks below the bottom rail then we’ll have a bearish rising wedge. My experience has been that the original pattern is the correct pattern with the morphing process just making the pattern a little bit bigger. Full Story
The US Dollar collapse has already triggered a major move in inflation plays. To whit, Gold has broken its SEVEN-YEAR downtrend. As the US Dollar continues to drop hard over the next 12 months, Gold and other inflation plays will be exploding higher. Below is a chart of an inverted US Dollar (blue line) and Gold prices (black line). As you can see, Gold is now leading. And as the US Dollar drops, Gold will be roaring even higher. Full Story
Alternative economist, John Williams of Shadowstats.com discusses the increase in volatility in the gold market. Our guest discounts the hawkish talk of policymakers, suggesting that the Fed could unleash a new round of quantitative easing (QE). The odds of a lower balance sheet are overstated amid increasing domestic / geopolitical tensions sending the gold price, skyward. Full Story
Here’s a news flash for you: Donald Trump is controversial and caustic. He says exactly what’s on his mind, no matter how incendiary, and he’s not afraid to make enemies, even with members of his party. “Bully” is a word many people use to describe the 45th U.S. president. The thing is, no one who voted for Trump—I think it’s safe to say—didn’t already know this about him. His being a bully is baked right into his DNA, and he expertly honed this persona during his stint as the tough-as-nails host of NBC’s The Apprentice. Full Story
On August 21st many Americans witnessed the moon cast a historic but short-lived shadow across the United States. One day later, President Trump reversed his previously stated position on the 16 year old Afghan War, thereby eclipsing the possibility that the United States would finally come to its senses and rethink a failed strategy that is likely to fail for years, perhaps decades, to come. The abrupt change, in what had been a central plank in candidate Trump's appeal to voters thirsting for change in American foreign policy, came hard after the departure of Steve Bannon from the White House. As a self-avowed nationalist, Bannon had represented a true break in interventionist Republican thinking that had entangled the United States in intractable conflicts around the globe. To put an exclamation point, Sebastian Gorka, the last remaining proponent of the Bannon perspective, was forced out of the White House. The counter-revolution appears to be complete. Full Story
Harvey made landfall as a Category 4 Hurricane on August 25. The wind and flooding caused massive destruction. The news mentioned one hundred billion dollars as a preliminary estimate of the damage. Eight days before on August 17 Harvey became a named storm. There was no apparent cause for alarm on August 17. Two days later it was upgraded to a tropical depression. Harvey reached hurricane strength on August 24. Much can happen in eight days. Full Story
After falling 26% from the July 8th high the XIV has seen a retrace and is now trading 15% up off the August 8th low. The smaller degree wave structure of the move up off that low has been very sloppy and has already provided quite a few twists and turns. This type of action was not entirely unexpected as this is what we expect when we are within what we call in Elliott Wave terms a “Fourth Wave”. Full Story
The Death of the U.S. Dollar as the world’s reserve currency will have a profoundly negative impact on the lives of most Americans. Unfortunately, 99% of the population has no clue. The only reason 1% of U.S. citizens understand what is going on, is because the Mainstream media and financial networks have distorted the truth and the reality of our present situation. Full Story
With a sharp lurch higher, December Gold has broken above the 1301.20 resistance I’d flagged as crucial to the intermediate-to-long-term outlook. The rally is encouraging, but we should remain cautious for two reasons. For one, the move was catalyzed by news that Kim Jong Un-sane had fired a missile over Japan. As someone pointed out in the Rick’s Picks chat room on Tuesday, however, traders who have faded market moves caused by seemingly shocking news have only made money. Indeed, every geopolitical crisis in memory, including the bombing of Pearl Harbor and the Cuban missile showdown turned out to have been a great opportunity to buy stocks at relative bargain prices. Full Story
There's a lot of amazement and wonder at how the "stock market" can be up today with the devastating news out of Texas and the latest North Korean missile launch. Longtime readers of TFMR know exactly how this market levitation is accomplished so this post is designed as a public service in order to better educate and inform everyone else. Full Story
Gold’s naysayers and doubters came out in full force earlier this summer as sentiment reached its nadir. The mid-year pullback in prices did, too. There can be no doubt about it now – gold has broken out of its summer doldrums. On Monday, the yellow metal finally broke through the longstanding $1,300/oz resistance zone to make a new high for the year at $1,316. Full Story
Yesterday’s volume bar in GDX is a game changer. So is the growing allocation to gold by institutional money managers, and so is the completed restructuring of the Indian gold market. It’s time for investors to forget the past, move their portfolio cars into the gas station, and fuel up on gold and silver stocks! Full Story
What happened yesterday in the gold market was VERY bullish. After looking like it was topping out at its April and June highs, gold surged through them. While we were wary of it topping out here like a lot of traders, we definitely have a handle on the big picture which couldn't be more positive, with the dollar set to crash as it heads towards loss of its reserve currency status, and a slowly dawning awareness among the hordes of fools holding paper denominated gold, that the only thing that matters is physical possession—if you own paper gold, you could find yourself well and truly out in the cold. You can wave your piece of paper in the air and demand delivery, only to be bluntly informed "Sorry, mate—none left—go ask the Chinese if they'll let you have a little". Full Story
For most of the past eight weeks, the financial media have been attempting to tilt the scales of conversation away from the weak macro backdrop in favor of the new initiative on Afghanistan and/or the Trump White House and/or domestic and international terror. As stocks rally in the face of flat earnings growth and rising P/Es, I have noticed an unwavering tendency for dips to be bought firstly by the pre-programmed computer programs, then by traders, and finally by the investing public who continue to behave as instructed by the Behavioral Architects that reside within the Working Group on Capital Markets and execute through the N.Y. Federal Reserve. Full Story
Below is a short term daily chart for GLD which shows it breaking out above the top rail of the blue expanding triangle today. The longer term 2 year daily chart shows GLD breaking out and backtesting the top rail of the triangle consolidation pattern. It looks like all the work is now finished with the breaking out and backtesting process. Full Story
Here in San Antonio, grocery stores were packed with families stocking up on water and canned food in preparation for Hurricane Harvey, which has devastated Houston and coastal Texas towns. I hope everyone who lives in its path took the necessary precautions to stay safe and dry—this storm was definitely one to tell your grandkids about one day. Full Story
This is bitcoin’s first appearance on the Rick’s Picks home page. I’d lacked good charts before now, but this was remedied by a Tradestation-savvy subscriber who supplied the proper symbol during the all-day “requests” session I held today online. Bitcoin’s manic swoons and rallies should pose no particular problem for my forecasts, since, from a Hidden Pivot perspective, all trading vehicles are just dots that move up, down and sideways on charts. Full Story
While everyone continues to focus on stocks, a much larger, far more important situation is brewing in the single most important asset class in the world. That situation involves the US Dollar ($USD). While CNBC and the financial media love to talk about stocks, the reality is that stocks are actually one of the smallest asset classes in the world. Consider the following… Full Story
Silver is currently trading around $17 an ounce. This is around 34% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been. Full Story
The best performing precious metal for the week was gold, closely followed by silver, up in tandem 0.56 percent and 0.47 percent, respectively, after a see-saw week in price action for the metals. Prices have been choppy over the last seven trading sessions but have held onto recent gains. Full Story
We have noticed a proliferation of pundits, newsletter hawkers, and even mainstream market analysts focusing on one aspect of the bitcoin market. Big money, institutional money, public markets money, is soon to flood into bitcoin. Or so they say. We will not offer our guess as to whether this is true. Instead, we want to point out something that should be self-evident. If big money is soon to come in, and presumably drive the price up to whatever new height—perhaps even the magic $1,000,000—what comes after? Full Story
Arch Crawford, head of Crawford Perspectives, wraps up a discussion on Fox News with Neil Cavuto to shed some light on the total solar eclipse. Our guest notes the potential implications for the financial markets. Bob Hoye of Institutional Advisors rejoins the show with an in depth discussion on the financial markets and the Bitcoin (BTC) revolution. Since his last visit, BTC has more than doubled soaring from under $2,000 to over $4,500 and the crypto market cap has topped $145 billion. Full Story
The dollar is on course to lose its reserve currency status. This is not something that will happen overnight, it will be a process, but at some point there is likely to be a “sea change” in perception, as the world grasps that this is what is happening, which will trigger a cascade of selling leading to its collapse, whereupon gold and silver will rocket higher. Full Story
Dogs bark, birds sing, stock markets (and stocks themselves) fluctuate. Bonds, commodities, currencies, and all else that moves in the economic world will fluctuate. Only the economic market, however, transforms into a new beast when it changes direction to become a bull or a bear. Oddly, though, it’s not easy to objectively define either one: Observers see whichever they prefer to see. Full Story
Welcome to the dog days of summer. The low volatility in precious metals continues. Janet Yellen or some other Fed heads said something Friday. Precious Metals sold off but quickly recovered. It appears that not much has transpired in recent weeks as precious metals have grinded higher, albeit slowly. However, while it may be a fledgling development, the miners appear to be leading Gold now. Full Story
Last time we checked it was supposed to be Mexico that was paying for the wall. Now, it appears it is the American taxpayer. After all, someone has to pay for it. We go away for a long weekend camping in the backcountry—no phones, no internet—and we return hoping that things got better. However, no such luck. We left with memories of Charlottesville, Virginia and returned with Phoenix, Arizona. Following months of what many have called the “Trump Rally,” the markets have decided to pause once again. Full Story
The August wrap-up of BullionStar’s monthly gold charts column looks at the latest data for Chinese gold demand, Indian gold imports, Swiss gold imports and exports, and Russian official gold reserve accumulation. Separately, note that BullionStar’s website offers a range of dynamic charts under the BullionStar Charts menu. The data underlying these charts spans precious metals, major currencies, stock indices and major stocks, and also BullionStar bullion products. Charting utilities on the BullionStar Charts page allows every asset / financial instrument featured to be measured in terms of every other asset or instrument featured. Full Story
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