By: Gary Dorsch, Editor, Global Money Trends - 2 April, 2015
Recognized as the world’s single biggest attraction for high rollers at the gambling tables, Macau is the only location in the People’s Republic of China where betting on the Roll of the dice is legal. Macau is a just short ferry ride from Hong Kong, through which many mainlanders travel to get to the casinos. As such, the former Portuguese colony saw its annual casino and entertainment revenues soar to a combined $44-billion in 2014; or 7-times that of the Las Vegas Strip. For Macau, the boom times began in 2010 when casino revenues increased +58% and was followed by a +42% gain in 2011. Full Story
Yes, DJing is a hobby of mine. I’ve been doing it for about seven years, picking it up late in life. Call it midlife crisis number one. I have had a pretty fun DJ career, all things considered. I’ve played in a couple of really famous clubs, and I’ve done all kinds of private parties—parties where people have gone nuts. I post my mixes online for people to enjoy. I’ve spent way more money than I’ve earned (especially on music—I pay for all my tracks). But it’s been worth it. Full Story
58 years old. Yes, I’m the right age, but I’ve never considered myself to be a yuppie. I’ve never owned a foreign sports car, I wear a Timex instead of a Rolex, I’d rather drink a Coors Light than a glass of Pinot Noir, I don’t golf, I’ve never been to Paris, I drink Folgers coffee like my father did, I’ve been married only once, and my idea of a good time is watching my boys play baseball or hiking in Glacier National Park. Full Story
Ok that is not a picture of a gold bull market. It is anything but. But I will get to the bull market. Some analysts have in the past compared the current gold market decline (2011-2015) to the gold market decline of the 1970’s (1974-1976). So far, the current decline has seen gold lose about 41% from the September 2011 high to the November 2014 low. Gold topped in December 1974 at $190.50 and bottomed in August 1976 at $101.50 for a loss of about 47%. In some respects and argumentively trying to compare the two is difficult because the current gold market decline has gone on for considerably longer than the 1970’s decline (42 months so far vs. 20 months in the 1970’s). Full Story
Or, we could just look at a real life display of insanity to know what it is. Its name is “JAPAN Inc.”! Think of the above definitions, doesn’t Japan either financially fit each and every one of these or at least it’s their leaders hope that they do? Think about what Japan has done over these last 25 years and now doing even more so? They believe by simply printing money, they will be able to prosper and erase all foolishness …with of course more foolishness. Full Story
L: Well, Doug, we’ve seen another quarter of high volatility and significant world events. What strikes you as most important at present? Doug: Everything is still held together with chewing gum and baling wire, for which I’m grateful, considering what’s coming. It’s very clear to me that the global economy is in very much the same space as it was in 2007—in other words, on the edge of a precipice. Full Story
There is only one way to value gold, and that is to quantify the expansion of the fiat currency in which it is priced. That is the sole purpose of the Fiat Money Quantity (FMQ), which since I last wrote about it five months ago has increased by $375bn to $13.7 trillion. This is despite the end of quantitative easing, which had been tapered down before being abandoned altogether. The long-term chart of FMQ is shown below. Full Story
The US strongly discouraged the AIIB (Asian Infrastructure Investment Bank) but when the UK, Germany and France ignored the strong request from the US and joined the AIIB, the US lost the gambit and position. From Zero Hedge, “But make no mistake, this is at best an example of Washington cutting its losses and at worst an outright surrender.” This is one more sign that other countries are considering dollar alternatives – an extreme change in our dollar-centric world. Full Story
Yesterday’s strong rally, amounting to $26 from low to high, topped within a single tick of the 1208.60 target I’d provided. This validates the pattern itself (see inset), with the implication that any upthrust exceeding the high would be a good bet to reach 1238.90 precisely. That is the Hidden Pivot ‘sibling’ of yesterday’s target, and odds are good that it will be reached. I say this because the rally itself refreshed the bullish impulsiveness of the intraday charts when it exceeded some ‘external’ peaks from last week. Full Story
Generally speaking, the chairperson of the Federal Reserve is treated by the mainstream financial media as being the very paragon of respectability. If the Fed says it – then the voice of economic authority has spoken, and we need to listen carefully. Full Story
By almost any measure, stocks are sharply overvalued. Warren Buffet’s favorite value metric for stocks is Total Market Cap of the market/ GDP. Today we find this metric showing stocks as sharply overpriced. As Doug Short recently noted, only the Tech Bubble is more expensive. Full Story
You and I, on the other hand, today enjoy the absolute advantage of having witnessed every single confirmed and verified atrocity of the past 15 years which back then was unthinkable. You and I today are NOT standing all alone, and we’ve all had fair warning. We don't have the right to be scared with indecision. Full Story
It is pretty much a given that we are living the end times of a three ring financial circus. If you doubt this, only a small amount of research on your part will confirm this. The odds in my opinion are quite high we will witness some sort of military confrontation as usually occurs when business deals go bad. The three leading acts today are Greece, Ukraine and special guest under the Big Top is Austria. We don’t want to slight the tensions in the Middle East but that is already in the military stage, today let’s look more closely at the financial stage. Full Story
This Tuesday marked the last day that countries could submit their applications to become founding members of the new China-led Asian Infrastructure Investment Bank (AIIB). As of this writing, a little over 40 nations have either already been approved or have applied for membership, including strong U.S. allies such as Britain, Germany and Australia. Full Story
Markets fluctuate. Sectors cycle. Investors love and hate these facts, but we all know that if it were not so, it would be impossible to buy low and sell high. The problem, of course, is that no one can time the market consistently. That makes it hard to know when low is low enough to make buying a likely one-way street and when it’s high enough to make selling a stroke of genius. Full Story
Debt will increase until a “reset” occurs. Politicians will “extend and pretend” and make MANY promises. The S&P has enjoyed a large rally in the last 6 years. It will correct. Bonds are in a massive bubble, partially created by the low and negative interest rates forced upon the system by central banks. All bubbles eventually burst. Gold and silver and their stocks have been beaten down for nearly four years. They will rally to new highs. Full Story
Long has the government waged war on the privacy and freedom of its citizens. Government has an insatiable appetite for more power and control. This is ultimately how it expands itself and exerts its dominance and ability to tax / steal the wealth of its people. Increasingly, governments are becoming more interested in the ability of its citizens to spend uninhibited amounts of money in the form of cash. Cash, although fiat, at least grants the ability of some privacy to its user and is typically readily converted into most other forms of fiat money. Full Story
Although gold has gone reliably opposite stocks lately, it is getting precious little lift so far Tuesday night despite the fact that index futures are under heavy selling. In any event, it’ll take another $5 of upside to trip a bull signal for the pattern shown. It projects to 1208.60, the midpoint pivot, or to 1238.90 if any higher. This would be quite bullish, since it would not only exceed last Thursday’s bull-trap spike, it would also generate a powerful new impulse leg by taking out March’s high, an external peak at 1223.60 that was recorded exactly a month ago. Full Story
To summarize, Chairman Bernanke readily and repeatedly admitted that the Fed was actively suppressing market rates to levels lower than they would otherwise be year after year after year after year…But now, with the gift of retrospect, blogger Bernanke is shocked to discover that people actually think the “Fed is somehow distorting financial markets and investment decisions”? If you were to go by the sheer nonsense blogger Bernanke is peddling, all the Fed ever does is use conventional monetary policies to set an overnight lending rate to the banks based upon ‘the concept of the equilibrium real interest rate’ - a guiding force Chairman Bernanke didn’t mention once during his reign. Full Story
Back at the end of February of 2015, I provided you with a set up for the metals to decline strongly over a week or two period of time, to be followed by an upside reversal. I was looking for the markets to test or even break their 2014 lows, and then begin a rally towards their 2015 highs. At the time of my writing that analysis, GDX was at 21.50, GDXJ was at 27, the GLD was at 117 and silver was at just under 17. When I wrote that article, the metals were at a local high, and we called the top of that bounce. But, as the patterns developed to the downside, it became clear that silver was not likely going to test its 2014 spike lows (but did test its regular trading hour lows), but the others maintained their potential. Full Story
As has been documented here ad nauseam, the price of gold is now largely determined solely by fluctuations in the yen. The yen goes down, gold goes down. The yen goes up, gold goes up. Put more specifically...the dominating computer-driven algo trade is long the USDJPY and short gold. The easiest way to show this is by inverting the USDJPY chart and plotting it overlaid with gold. When you do this, you get the chart below... Full Story
Since rallying from the $1142 area to about $1219, gold has retraced about half those gains. Bloomberg reports that investor short positions are now at the highest levels since 2006. On that interesting note, please click here now. That’s a snapshot of the latest COT report. Incredibly, retail investor short positions on the COMEX, are now larger than their long positions! At the same time, savvy commercial traders (aka the “banksters”) are carrying a very modest net short position of less than 75,000 contracts (shorts minus longs). Full Story
I can still remember being in elementary school and the alarm going off in the middle of class, it was time to practice "duck and cover". Another practice drill was when all six grades would march to the basement of the building and huddle in the boiler room, a potential nuclear war at any time was very real to us in the old days. It's different today, everyone "knows" a nuclear war can nor will ever happen. It can't happen because our leaders driving the bus are too smart to ever go down that road ...right? Full Story
It is an essential impossibility to solve problems created by excess debt and artificial liquidity with more of the same. That’s our credo here at Casey Research, and the reason why we believe the gold price will turn around and not only go higher, but much, much higher. While fellow investors around the world may not agree with gold-loving contrarians like us, they are buyers: gold is up in euros and almost everything else, except the dollar. Full Story
Ever hear of the clandestine program hatched by Obama’s Department of Justice called Operation Choke Point? It’s a little-known effort to make it much more difficult for businesses to operate if they dare to sell Americans guns or precious metals. Operation Chokepoint is strangling your freedom and you need to know about it. Full Story
By: Steve St. Angelo, SRSrocco Report - 31 March, 2015
While gold is a main focus of the Central Bank market rigging apparatus, physical silver investment demand is their real enemy. The reason is simple. Central Banks have gold in their vaults to dump on the market (or to lease) to control the price, but they have very little if any silver for this purpose. Full Story
Overhead chart resistance centered between $1225-$1220 has proven to be a bride too far for the gold market. That region has now been confirmed with today’s plunge as a formidable barrier that gold bulls will have to overcome if there is ever going to be anything besides “boring” in the gold market anytime soon. Full Story
After last week’s air tragedy, maybe a poor thought process but please stay with me. Would you ever get on an airplane if there was no pilot? Would you be confident of reaching your destination safely? Of course not. Whether you know it or not, you are living in an economic and financial “airplane” with Janet Yellen as the pilot. The sad thing is this, even she admits the airplane is broken, I’ll explain why shortly. Full Story
This week we have a two-day Fed meeting, where they hope their irrational bullsh*t story will scare the neurotics into buying puts and shorting again, so these idiots can be squeezed out going into options expiry. In this regard, its no mistake this Fed meeting is in an options expiry week (or at month’s end), not that they couldn’t accomplish the same thing with other jawboning type theatre. Full Story
“We have read that “the fix is in” regarding our financial system. Of course this is not true. The following are perfectly normal examples of sanity and intelligence that conclusively demonstrate that our modern banking and financial system is fair, healthy, sensible, stable, and equitable for all. If you don’t fully understand these, it is likely that you are a person of average intelligence who does not comprehend the complexity of our modern system. Full Story
Bear in mind… earnings are overstated. Indeed, a study performed by Duke University found that roughly 20% of publicly traded firms manipulate their earnings to make them appear better than they really are. The folks who were surveyed for this study about this practice were the actual CFOs at the firms themselves. Full Story
Deutsche Bank said that after seven consecutive days of gains in the gold market, it has become increasingly difficult to dismiss the rally as merely a function of the recent weakness in the U.S. dollar. Additionally, Saudi Arabia-led bombings in Yemen this week boosted demand for safe-haven assets. The Saudi government pledged to continue the strikes against Shiite rebels to prop up the allied government. Full Story
Until March 31 countries can submit for membership of the Asian Investment Infrastructure Bank (AIIB), a financial institution proposed by China, which has the purpose of being a multilateral framework to finance infrastructure projects in the wide Eurasian region and Africa. In recent weeks many Western countries have submitted for membership, the US rejected application as it fears any economic cooperation between Asia and Europe to weaken the US dollar hegemony. On April 15 the final list of the founding members will be disclosed. Full Story
In this Weekend Report I would like to show you some charts for Natural gas, oil and the GDXJ. First thou lets take a quick look at the US dollar and the Euro which have started to consolidate their most recent near straight line moves. The monthly chart for the US dollar shows the impulse move out of the big base with a string of nine white candles all in a row. That’s pretty impressive. When looking at the last white candle you can see a possible long wick forming which could be bearish. There are still two more trading days left for this month so things can change but it sure looks like the US dollar is looking for a place to rest for awhile. Full Story
Steve Forbes encapsulates the necessity for a sound, stable US dollar. The only viable alternative is gold backed money. The current monetary system is a sham, fiat money has no value, merely a means to facilitate wealth accumulation. Jim Rogers wrote of the Swiss currency swoon 2 years in advance The financial legend warns that central bankers are ill prepared to manage the highly complex markets Printing mountains of currency merely increases the debt burden to current / future generations. Full Story
I am writing in response to your question, “Should I buy a bigger house now so that my adult children will have a place to stay when they come home to visit because interest rates are so attractive?” As you well know there has always been trouble in the world. I have studied cycles in history and as they state in the book, "The Fourth Turning" history is not linear but more like a vertically extended slinky. While history advances, it does so in cycles that run approximately 80 to 100 years per cycle (4 generations). Full Story
Summary: Massive debt is sealing the fate of governments and central banks. As the cards collapse, radical developments in diverse areas of technology, combined with free market entrepreneurship, will destroy and rebuild the existing social order. Full Story
Let the seller beware! The German citizen/investor who put away a few rolls of 20 mark gold coins (.2304 tr ozs. shown below) in 1918 would have done so at 119 marks per ounce. By early 1920 the previous rapid inflation had suddenly given way to deflation. Had that gold owner decided to cash in on gold's significant gains thinking runaway inflation was over, a 100,000 mark investment would have made him or her a millionaire. Full Story
The world has been on a debt binge, increasing total global debt more in the last seven years following the financial crisis than in the remarkable global boom of the previous seven years (2000-2007)! This explosion of debt has occurred in all 22 “advanced” economies, often increasing the debt level by more than 50% of GDP. Consumer debt has increased in all but four countries: the US, the UK, Spain, and Ireland (what these four have in common: housing bubbles). Alarmingly, China’s debt has quadrupled since 2007. Full Story
The precious metals complex has established a floor of support over the past five months. For Gold it is around $1150/oz and for Silver it is around $15.50/oz. Pick any miner index and you’ll see the support at the November and December lows. These lows could mark a base of support from which a new bull market takes hold. On the other hand, they could also mark support that if broken could lead to a final but nasty capitulation. Full Story
So many “experts” have so much to say in correlating the current prices for gold and silver with factors like how much gold China and Russia have been accumulating, the shortages of and demand for physical PMs, hypothecating, rehypothocating [aka stealing] of gold by Western Central Banks, the record sales for gold and silver coins, world-wide, etc, etc, etc. Full Story
Stocks and markets were looking so good last weekend but their actions were to the contrary in the week just past. Weakness set in hard an continued and I had to go back to a cash position for a couple days but Friday saw some great V bottom type of patterns emerge and I’m moving back into a few stocks now for a bounce. Full Story
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