The Price of Gold appears to have bottomed, after declining since 2011. Here is a look at the weekly trend. Gold has carved out an ABC bottom, (C above A followed by a rise above B). The breakout at the blue arrow overcame six months of resistance. Price is now tackling the 200 week moving average at the green arrow. Full Story
A very significant, very loud, very nasty warning signal has been given. It is extremely important for those who choose to live in the world of reality, and not the fantasy world from the US financial markets. The Reich theme of sluggish economic recovery is a total lie, since the recession which began in 2006 has repeated each and every year since then. The deception is derived from the wrong (under-stated) price inflation used in supposedly real adjustments to the Gross Domestic Product. The significant negative signal is of the sharp decline in the BKX bank sector stock index. Full Story
It is my privilege now to welcome in Dr. Chris Martenson of PeakProsperity.com, and author of the book Prosper! How to Prepare for the Future and Create a World Worth Inheriting. Chris is a commentator on a range of important topics such as global economics, financial markets, governmental policy, precious metals and the importance of preparedness among other things. And it's always great to have him with us. Full Story
Mike Maloney draws eerie parallels to the misguided leaders and monetary policies that doomed civilizations from Ancient Rome to modern-day America. Can President Trump save America? Will the Federal Reserve Board be able to pull off yet another round of extremist interference and postpone a crisis? Find out how Mike he believes it will play out. Full Story
The gold miners’ stocks suffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows, short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rally gets underway, gold stocks’ strongest seasonal surge of the year. Starting from beaten-down levels after skipping the prior seasonal rally gives gold stocks exceptionally-bullish upside potential. Full Story
Gold remains stuck in a range, but has begun testing that range recently. On the downside, it broke 1219 support on Wednesday, the prior double bottom, and then stalled at 1214. On the upside, it hit 1246 on Monday, and following Wednesday’s visit to 1214 it jumped back up towards 1240 yesterday. With 1251 being the 38.2% Fibonacci retracement of the entire decline from 1360 to 1184 on a closing basis, that puts the range for Gold at 1214-1251. Despite recent bullishness, we need to close above 1251 to feel increasingly confident that the bottom is in place. But even then, there are no guarantees. Full Story
The “public pension crisis” is the kind of subject that’s easy to over-analyze, in part because there are so many different examples of bad behavior out there and in part because the aggregate damage these entities will do when they start blowing up is immense. Full Story
On the surface, things appear to be healthy, things appear to be running along smoothly, but as soon as you scrap even an inch below the surface, and look at the skyrocketing debt levels and increased fragility of many Western nations, you quickly begin to realize just how unstable things have become. Full Story
When the economy and stock market weaken, the Fed will end its hikes and Gold will begin to outperform stocks. If the Fed shifts to rate cuts, then we’ll see miners making triple digit gains in a matter of months. But for now investors and speculators alike should be very cautious and patient. Full Story
Home buyers in every city and state have been benefiting from a powerful financial cycle for almost five years. Most people are not aware of this cycle, but it has lowered the average monthly mortgage payment for home buyers on a national basis by about $250 per month since the end of 2013. Full Story
The next credit crisis poses a major challenge to China’s manufacturing-based economy, because higher global and yuan interest rates are bound to have a devastating effect on Chinese business models and foreign consumer demand. Dealing with it is likely to be the biggest challenge faced by the Chinese Government since the ending of the Maoist era. However, China does have an escape route by stabilising both interest rates and the yuan by linking it to gold. Full Story
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today’s article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market. Full Story
It’s normal for the stock market to ignore a rising interest-rate trend for a long time. The reason is that while the interest rate is a major determinant of the value of most corporations, the interest rate that matters for equity valuation isn’t the current one. What matters is the level of interest rates for a great many years to come. Therefore, a rise in interest rates only affects the stock market to the extent that it affects the general perception of where interest rates will be over the next decade or longer. Full Story
Bob Hoye of Institutional Advisors returns with his latest market insights. The new trade tariffs. Tariffs on Canadian lumber this January pushed the mean new home price higher by over 10% as a direct result. Although the current economic system is far from flawless, solid monetary policy has solidified the global economy in the wake of the Great Recession. Low rates stimulated corporate expansion / output while stabilizing the financial institutions. Full Story
The housing market is on the precipice of a large cyclical downturn. My view is that this decline will be worse than the previous one. The Fed injected $2.5 trillion into the housing market to revive it. That heroin has worn off and the printed money and debt junkie would require twice as much to avoid death from withdrawal. The bottom line is that, despite a 33% drop in the homebuilder stocks since late January, these stocks – and related equities – have a long way to fall. Full Story
Andy Schectman of Miles Franklin Institute returns from the first World Series game (Boston 2018 Champs 4-1) with his latest PMs investing insights. Our guest outlines must hear methods for purchasing PMs, including an opportunity to profit market anomalies. A rare, once in two decades opportunity is presenting itself in the numismatics market. Full Story
See how the bottoms and tops of the respective charts line up. Last year, when the US Dollar index was in decline (between the two dotted red lines), silver failed to rise. This was also the case in 2002 (see between the two red lines). However, when the US Dollar continued into a deeper fall (after the two red lines), silver eventually started to rise significantly. The Dollar is currently making its last attempts to go higher, before we will see a major decline. When that decline starts (which is likely to be soon), the silver price will take off a big way. Full Story
As the stock market bull potentially nears the end of its run and we head into the last two months of 2018, many investors are making adjustments to their portfolios. Over the course of my travels and in conversations with other industry experts, I’m constantly reminded the importance of: 1) understanding the difference between investing and speculating, and 2) understanding risk tolerance. Full Story
Gold has once again fallen into a rut, dropping moderately for three consecutive days. This has occurred with the December contract having failed by $8 to achieve a $1254.10 rally target I’d flagged. The futures have since made a tentative bottom 0.60 above the $1212.80 correction target where I’d suggested bottom-fishing. We narrowly missed catching the $5.40 rally that ensued, but will it get legs? I doubt it. Full Story
However, Trump’s actions did not follow the words. He nominated so far moderate to hawkish people to the Fed Board. Trump might be aiming to make a theatrical impression with his comments, but he is limited by the legal system and rule-drive institutions. Gold investors should place less weigh on President’s remarks. The sharp words cut like a sword, but they are, at least so far, a small threat to the Fed’s independence. Full Story
So, please: the next time you hear someone state that "The Banks are getting long" and that price is thus "set to explode", think otherwise. The Banks that operate on the COMEX are NOT your friend, they are NOT your ally and they are NOT interested in profiting on the long side. Instead, their goal is to manipulate and manage price to their own benefit and to the benefit of their Central Bank Masters. This has been the case since precious metals futures contracts came into existence in 1975, and it will be the case until this system finally implodes under the sheer weight of its inherent corruption, deception and fraud. Full Story
Silver prices peaked in 2011. The descent has been long and tedious. Perhaps silver prices made an important low on September 11, 2018, like they did on November 21, 2001 at $4.01. That long-term low was twenty cents below the price on September 11, 2001, the day the twin towers fell at free-fall speed, which marked the beginning of the silver bull market that launched prices upward by factor of 12. Full Story
A number of charts and comments by market participants could be presented here to bolster the bullish case, but let's just look at two charts from many, plus a comment -- then summarize how you might either add to your metals' holdings, or step up to the plate for the first time and "catch a wave" on what may become a major wealth-creating bull run. Full Story
I am starting to see evidence of serious stress from investors based upon the tone of the some of the comments I am seeing in my articles on the market. Well, at least from those who did not heed my warnings. In fact, even though I warned about this type of drop well before it happened, some investors were taking their anger out on me even though the market did exactly what I warned it would do. This suggests a high amount of stress being felt by many investors after only a 10% drop off the highs. Can you imagine what it will be like if we attained the full 20-30% correction that we see as a strong potential? Full Story
Is it safe to go back in the water? Merely asking that question is to suggest that only an imbecile would dive fearlessly back in the drink. Even so, there are most surely enough imbeciles to keep stocks buoyant in the days or even weeks ahead. If they eventually are joined by panic-stricken bears as sometimes happens, we could see a rally capable of persuading otherwise sane folks on the sidelines that new record highs await. Full Story
Nervous investors should hedge any buying of GDX or individual gold/silver stocks with GDX put options. Howard Cosell once said during a wild heavyweight boxing fight, “This is isn’t artistic, but it is slugging, the way the public wants it!” That’s the situation with all the major markets right now, and put options are the key to insuring that gold and stock market investors don’t get knocked out! Full Story
Monday’s session was a deadly and massive bull trap due to the morning false breakout above the key 2693/2700 levels with the high at 2707 that lasted for a brief moment and looked like the start of a significant temporary bottom formation off Friday’s 2627 low. Eventually, the market managed to tank about 100 points from the intraday high towards the 2620/2590 major support area that finally caught a bid at the 2603 intraday low before rocketing 40 points into the end-of-day print. Full Story
The President’s main priority right now is helping more Republicans get elected to the Senate and preventing Democrats from taking over the House of Representatives. If Democrats do well on Election Day, you can bet Trump will amp up his rhetoric against the central bank. A Democrat win would also dash investor hopes of more tax cuts, likely triggering another round of stock market selling. That, in turn, could catalyze a “fear trade” of flows into precious metals markets. Gold and silver have been seen as “dead money” since the 2016 election swung the GOP’s way. They may finally be ready to come back to life. Full Story
But markets sent a clear signal, the end of Merkel’s era will not help the euro, which struggled even with her. Unfortunately for the gold bulls, it implies that the greenback may strengthen even more, exerting downward pressure on the yellow metal. To shine, gold has to replace the US dollar. But investors are not yet ready to abandon the greenback. But who knows: maybe the US mid-term elections will change something? Stay tuned! Full Story
President Trump recently called the Federal Reserve’s interest rate hikes crazy. Leaving aside President Trump’s specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that “crazy” is a good way to describe the Federal Reserve. Full Story
I don’t believe there’s any single cause for the selloff. Investors are simply nervous, thanks to rising interest rates and the upcoming midterm elections, among other things. Meanwhile, gold performed precisely as we would expect it to. The price of the yellow metal jumped above its 100-day moving average, a bullish sign that could mean further moves to the upside if market volatility persists. On Friday, gold was trading at a three-month high of $1,246 an ounce. Full Story
Similarly, AAPL hit a longstanding downside target at 208.04 before trampolining more than $6 from just beneath it. A relapse is unlikely to exceed the low by much, and that’s why the issues I refer to as the lunatic stocks — i.e., the ones most heavily owned by portfolio-managing chimpanzees — should be supportive of the broad averages over the near term. Full Story
After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this year. This morning she stepped down as leader of the formerly-dominant Christian Democrat party and promised not run again when her term as Chancellor ends in 2021. Full Story
It has been a dramatic, disturbing week. But then it had already been noted that October can be a scary month. On October 24, 2018 there was a full moon. The October full moon is known as the Hunter’s Moon. It just happened that, on that day, the story burst that pipe bombs were delivered to two former U.S. presidents, plus others. The stock markets fell over 3%, the worst one-day loss since last February. The bubble, it seems, is bursting. Full Story
The best performing metal this week was palladium, up 2.16 percent as hedge funds boost their net long position to a 7-month high on supply concerns. Traders and analysts in the weekly Bloomberg survey were the most bullish in a month as gold heads for its highest price since mid-July. Full Story
It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to author a book back in 2006, titled Gold Trading Boot Camp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. Full Story
Many banks now do not allow you to keep gold, silver or cash in a safe deposit box. I have always recommended against it for many reasons. The first one is everything is stored at your own risk and the bank assumes no liability for your items. The second is the bank can be closed for many different reasons locking you out of their vault. Finally the IRS or the courts can seal your box and prevent you from entering it. Full Story
There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and suddenly realize that the dollar is bad / unbacked / fiat / unsound / Ponzi / other countries don’t like it / . When they do, they will repudiate it. That is, sell all their dollars to buy consumer goods (i.e. hyperinflation), gold, and/or whatever other currency. Full Story
As I read much of the commentary being pushed around the internet now, we see generally see a broad range: on one end there are perma-bears calling for the mother of all market crashes, and on the other are those who are pounding the table about the fundamentals of the market still being strong, which should keep us quite bullish for the long term. Full Story
And so it happened. Gold stocks closed the week below the neck of their inverse head-and-shoulders pattern, while the USD Index closed it above its own inverse H/S. The implications thereof are strongly bearish for gold, silver, and mining stocks and we can say the same about gold’s shooting star candlestick that formed on Friday... And that’s not even close to being everything that happened and changed in the last few trading days. Full Story
I’ve presented this chart before, with a bull-market target at 27,251. If the Dow had gotten within 5-10 points of this Hidden Pivot and begun to fall, I’d have treated the weakness as the almost certain beginning of a major bear market. What happened instead was that buyers sputtered out 300 points shy of the target. Initially, this led me to expect one last charge higher. But with the sharp decline we’ve seen in October, odds have grown that a bear market has indeed commenced. Full Story
Part II of the talk with Dr. Raymond Moody, author of best-selling Life after Life (1974) and founder of The University of Heaven follows. The host is reunited with the former forensic therapist 30 years after sitting in Dr. Moody's undergraduate class. Best selling author, Dr. Stephen Leeb returns with a solid outlook on the gold Watch for $100+ silver and $10,000 gold in the coming years. The correlation is drawn between the PMs sector and China's Yuan currency, a nation that makes money interchangeable with gold. Full Story
By: Andy Sutton and Graham Mehl - 28 October, 2018
It began as any other bull market. An early burst followed by climbing a wall of worry, then bursting out (or down in this case) beyond the wall of worry, its trajectory headed for the great ethereal unknown. And just like every similar time in history, market analysts, policy makers, and the general public assumed it would go on like this forever. And it did. Until it didn’t. By the title you might have already guessed the topic of this essay but think for a minute about this first paragraph and what we’re discussing in generic terms. Of course! We’re talking about the traits of a financial bubble. Full Story
Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash available yet. Whether it’s wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to finance your vacation? Probably not. Full Story
As we have noted over the many years of the gold sector’s bear market, the gold miners will not rally for real until the real sector and macro fundamentals come into place. Those fundamentals do not include commonly promoted inflation, China/India “love” trades, a US dollar collapse or especially, war, pestilence or any other human misery than economic. The more astute gold bugs do not fall for that. Full Story
Financial crises start under blue skies, as investors in emerging markets know too well. They lead rather than follow business recessions. Ultimately, they are caused by a sharp tightening of liquidity conditions and collapsing investors’ risk appetite. Arguably, the most important price to watch in financial markets for an early-warning sign is the price of the dominant economy’s debt. Full Story
As we approach the 2018 US midterms, interest in voting is the highest it’s been in decades. Republicans, Democrats, independents and even the disaffected are engaged; and with voting 10 days away, we should review democracy’s origins as it relates to the outcome of the midterms. Full Story
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