It is my great privilege to be joined now by James Rickards. Mr. Rickards is Chief Global Strategist at the West Shore Funds, editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project an inquiry into the complex dynamics of geopolitics and global capital. He's also the author of several best-selling books including The Death of Money and Currency Wars and just released his latest work, The New Case for Gold. Full Story
Silver futures are up about 8.5 percent this year, making it stand out among other commodities and financial markets. Investors snapped up coins, with U.S. Mint data showing March silver coin sales were up 17 percent over the previous year’s figure. Inflows into silver-backed exchange-traded funds witnessed their highest monthly inflow since December 2010, according to Commerzbank. Still, gold’s 15 percent year-to-date gain outshines silver, which means the gray metal has some catching up to do if it wants to match gold’s performance Full Story
The strength in the miners continues to surprise as the majority of pundits look for any reason for a pullback in the face of very bullish price action. The gold miners are now breaking out and Gold is likely to follow. The weekly candle charts of GDXJ and GDX are shown below along with their 80-week moving averages. Note that the miners advanced for six weeks and their bullish consolidation began during that sixth week in late February. Full Story
By: Adam Hamilton, Zeal Intelligence - 8 April, 2016
Gold has spent much of the past couple months consolidating, vexing traders and bleeding away most of early 2016’s enthusiasm that catapulted the yellow metal higher. But this sideways grind has actually been a very impressive show of strength. Gold managed to hold its massive gains despite an incredible stock-market rally, which can really sap gold investment demand. This portends another major gold upleg. Full Story
Bill Murphy from GATA.org returns to the show with comments on the national gold stockpile. A growing cadre of researchers note that gold swap arrangements make decyphering the domestic a daughnting task, so reserves are likely overstated. Wise BRIC central banks are accumulating the metal at new records, according to the World Gold Council (WGC), 480 tons of gold was purchased. Key takeaway point: once the gold enters their vaults, the ounces essentially evaporate from the market. Full Story
Chris welcomes back, John Embry, Senior Strategist at Sprott Asset Management. He shares his outlook on the precious metals sector. News that gold was higher by 16% in the first quarter unnerved the central bank cartel, sending shockwaves through their ranks. US equities appear wildly overvalued, despite constant support from government officials. Full Story
Mega Moves are coming in Key Sectors soon. Investors who monitor developing Triggers, and especially one Mega-Move Trigger, will be positioned to profit handsomely and to Protect Wealth. Those who do not, will likely be devastated. Consider the Key Triggers. First a Trigger which is already being “pulled”. Full Story
To sum up, the gold ETFs are an interesting option for investors wanting to gain exposure to the price of gold, without owning the bullion. Given the significant correlation between ETFs’ holdings (flows) and the price of gold, some argue that the former drives the latter. However, the amount of bullion moving into or out from the ETFs’ inventories is too small to significantly affect the price of gold. Full Story
The bottom line is that through 1.5 months of market relief the risk ‘off’ gold sector has consolidated but maintained its key positive macro elements. What’s more, the main macro fundamental holdout, the yield curve, could become interesting going forward if CoT alignments are a guide. Technically, the gold stock sector made a move yesterday, but needs to make a weekly close in that condition in order to signal a new up phase. If the stock market keeps its bear trend intact gold sector players can firm their fundamental views going forward and if the yield curve were to rise, turn them ironclad. Full Story
By: Steve St. Angelo, SRSrocco Report - 8 April, 2016
Something big happened in the gold market. It was a stunning trend change in mainstream gold demand during the first quarter of the year. This suggests investors are becoming increasingly worried about the stock markets and are looking for safety elsewhere. Over the past several years, the gold market has suffered net outflows of metal from Gold ETF’s and Funds. Full Story
Traders looking to survive the deadly tedium of this market ought not begin or end their day with a strong opinion. Although bears who smell a nasty top have ample reason to bet the ‘don’t pass’ line whenever the moment feels right, they should hold no illusions that a bull market now in its eighth year is going to roll over and die simply because some formerly reliable technical indicators say it’s time. Nor with a world endlessly awash in funny money can we count on lousy earnings to deliver the coup de grace. Full Story
Should the dollar break below the lows from last October over the near-term, it would likely correspond with the next leg higher for gold and the broader commodity sector. From a tactical perspective, however, we believe the former is still more likely. Full Story
Saudi Arabia has moved beyond its original statement that it will only support a production freeze if “other major producing nations” sign on to the agreement. It has now clarified what I believed to be intended by its initial caveat all along, stating that it will only sign on to a production freeze if ALL nations sign on to such a freeze. So, “other” means “every.” Full Story
The gold sector is on a new major buy signal, therefore opening the opportunity of a new bull market. However, Commitment of Traders (COT) data remains in bear market values and is now at levels of previous tops. I remain patient and wait for confirmation, which is when speculation according to published COT data has returned to bull market values, and the 2015 high in gold prices near $1,300/oz is exceeded to the upside. Full Story
The market today is all about synthetic gold, gold which is referred to but rarely delivered. The current relationship is therefore one of relative interest rates, because positions in synthetic gold, in the form of futures and forwards, are financed from wholesale money markets. This is why a rumour that interest rates might rise sooner than expected, if it is reflected in forward interbank rates, leads to a fall in the gold price. Full Story
By: Gordon T. Long and James Rickards - 7 April, 2016
James Rickards suggests that there is a new case for Gold and points out that everyone thinks that what they own currently, in terms of stocks, bonds and other financial securities, is actually only “electronic digits” representing claims on assets. The new reality of Cyber war and Cyber attack suggests the real possibility of a single group of people or political regime hacking U.S servers. Full Story
Additionally, it would be advisable to hold a core position in Gold; at some point in time Gold will start to react strongly to this massive form of currency debasement. Currencies are being destroyed on a global basis at a level never seen before. This will not end well, but as we have pointed out many times before, being right does not equate to market success. One has to look at the time factor, and most individuals do not have the staying power to bet against the Fed. Full Story
Today in the U.S., the government won’t necessarily go after you if you break a law. After all, most everyone has technically broken some law. Instead, the government decides whom to go after and chooses which laws to enforce. A creative prosecutor can always find some crime to charge you with if he looks hard enough. Full Story
It is my privilege to speak with Gerald Celente, published of the renowned Trends Journal. Mr. Celente is a frequent and highly sought after guest on news programs throughout the world, and has been forecasting some of the biggest and most important trends before they happen for more than 30 years now, and it's a real honor to have him speak to our listeners and readers today. Full Story
By: Gordon T. Long and Jordan Eliseo - 6 April, 2016
It’s been a very impressive quarter for anyone who’s gone long in precious metals, with gold up 16% and silver up 11% for the quarter, welcome respite after the cyclical correction in precious metals that started in 2013. In a world where equity markets are increasingly volatile and central banks are taking more extreme monetary policy positions and decisions, the merits of holding gold as part of a portfolio are high. Full Story
The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is once again suppressing prices more and more since their peak in mid-March. The storm’s breezes can now be felt in prices that have relinquished 40% of their earlier gains, and the clouds are becoming more apparent to all. Full Story
After becoming considerably flatter early in the intermeeting period, the path of the federal funds rate implied by market quotes on interest rate derivatives steepened subsequently as financial market conditions improved and was little changed, on balance, over the intermeeting period. However, the median respondent to the Desk's March Survey of Primary Dealers and to the Survey of Market Participants expected only two increases in the FOMC's target range for the federal funds rate this year, one fewer than they had projected in January. Full Story
Imagine logging into your bank account and seeing a balance of zero.
It sounds like a nightmare. But thanks to today’s digitized financial system, it’s a real threat. Remember, your bank account doesn’t represent something tangible like gold. It doesn’t even represent cash in a vault. It’s just bytes in a computer. And in a cyberattack, it could vanish in an instant. Full Story
I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutional interest was light. Full Story
Consider changing the policy of shipping your product into the warehouses that supply bullion which backs up futures contracts. This procedure is helping those who are depressing the price that you receive for your bullion! Instead you need to ‘starve the paper market’, and think of ways to convert your bullion into retail products. There is rapidly growing demand on the retail side for finished products! Full Story
I have said many times before that trying to track every twist and turn within corrective action is like trying to throw Jell-O for distance . . . you just won’t be able to get it all. While impulsive structures under the Elliott Wave patterns are quite predictable, very often down to the penny, corrective action is quite variable, and nowhere near as predictable. Currently, we are likely within a corrective wave two off the lows in GLD and GDX, and the action is quite difficult. Full Story
Question: If the Bullion Depository still contains over 147 million ounces of gold, why not audit it, prove the existence of the gold, and eliminate speculation? The US government spends over $70 billion on “food stamps” every year and nearly a $Trillion per year on “defense,” so cost is not the issue. Full Story
In the Real Cost of Mining Gold we examine cost reporting in mining which can be made obscure by conventionally used non–GAAP measures. We standardized and reviewed the financial ratios of seven major mining companies historically and rated them based on cash adequacy and operational health. In this series we turn our attention to growth in the gold mining sector, the most active of which, occurs at the Mid-Tier level. Full Story
The last time gold had a quarter this strong, Ronald Reagan was a year into his second term as president, the Soviet Union was taking its final gasp and the U.S. was still reeling from the Challenger explosion. In the first quarter, the yellow metal rose 16.5 percent, its best three-month performance since 1986, mostly on fears of negative interest rates and other global central bank policies. Full Story
I’ve strongly stated that in the short and intermediate term, the most important price driver of gold is the US dollar’s movement against the yen. The dollar is the world’s largest “risk-on” market, because America is the world’s largest debtor. Japan is the world’s largest creditor. Downside action of the dollar against the yen is a financial fire alarm bell. When the alarm rings, many of the world’s most powerful FOREX economists urge their clients to buy gold, and many do with substantial size. Full Story
Would the New York Fed respond with such contempt to a similar inquiry from, say, The Wall Street Journal, New York Times, Reuters, Bloomberg News, or the Financial Times? The possibility of such critical and specific questioning about the Fed's surreptitious intervention in the markets probably does not worry Fed officials in the slightest. At least such questioning has never happened before. Full Story
Stocks are feeling the love. While the momentum of the stock rally stumbled in the last two weeks of March, the Dow did manage to break ever so slightly above the downward trend line of the high points it established over the past twelve months. (Not enough in my opinion to be conclusive for those claiming the bear market has ended, given trend lines are not absolute enough for such a fractional tick above to prove anything … yet.) Full Story
Gold, while now making higher highs and higher lows, is in the correction phase of its current intermediate cycle. Price may decline further in the weeks to come, or it may generally trend sideways. An excellent technical tool uses the weekly chart and the Slow STO (14,3) indicator to roughly gauge when the correction phase is likely to conclude. A reading near 20 or below is anticipated before gold resumes its next bullish intermediate cycle. Full Story
Read it and weep: the Commercials have actually ADDED to their aggregate short position despite the fact that even as of last Tuesday's pit session close with gold at around $1,240, they continue to execute a FULL-COURT PRESS to the DOWNSIDE. Now, with the HUI standing in at just under 180, this is definitely going down as an Ali-Frazier of the utmost vintage and like all great sporting battles, the manner in which both sides are carrying themselves is impressive and I truly believe that no matter who emerges as the victor, the crowd will be on their feet with an ovation befitting to world-class champions. Full Story
I believe what we have just seen was only an opening volley by the West to try to discredit what they KNOW is coming from the East! In fact, it could turn out to be a free for all amongst the elites where the "sharks eat the sharks" by outing each other. I have said for years we live in a world of true lies covered by holograms of the rule of law, we may very well soon see this. The elites now look like they will begin outing each other in an effort to say "what I did wasn't so bad, just look at what so and so did"! Full Story
China has been promoting the ownership of Silver and Gold to it’s Citizens since September 2009. Silver is money and has been used as money longer gold. Why would China encourage their citizens to acquire physical silver and gold? What do the Chinese know that the U.S. does not? Well, both are money and the Chinese government understands the U.S. dollar will not be used outside the United States very much longer. Full Story
Gold is had its best quarterly rally in 30 years, reports Bloomberg, as demand for haven assets continue to surge. The precious metal got a boost following Janet Yellen’s remarks this week stating that the Federal Reserve will proceed “cautiously” with rate hikes this year. Gold investors have also poured money into gold ETFs at the fastest pace since 2009, with negative rates in Europe boosting its appeal as seen in the chart below. Full Story
There was quite a bit of commentary generated as a result of making public my article, “Five Years That Changed Silver Forever.” This wasn’t particularly surprising, because if my assertions are correct about JPMorgan accumulating a massive quantity of physical silver at prices the bank rigged lower, nothing could be more important to the future price of silver. Full Story
There were some fireworks this week. Gold went up on Tuesday (it was a shortened week due to Easter Monday), from a low of $1,215 to $1,244 over the day, a move of over 2 percent. Silver moved from $15.02 to $15.44, almost 3 percent. What happened on Tuesday to drive this move down in the dollar? (We always use italics when referring to gold going up or down, because it is really the dollar going down or up). Full Story
This is definitively incorrect. Many countries operate almost entirely independently from the EU, US, etc. and will be unaffected if crashes occur in those jurisdictions, just as they’re unaffected by present developments. Full Story
Chris Powell from the Gold Anti-Trust Action Committee argues that central banks are intervening in gold markets in a bid to keep prices down. Full Story
Chris welcomes back Jim Rogers from his Singapore office - he notes twice as many US stocks were down in 2015 as up, a bearish market breadth indication. Economist John Williams of Shadowstats.com returns to the show with a characteristically non-sanguine stance on the economy. Global QE operations are detrimental, meant only for temporary banking system support, as a result long-term QE operations have caused economic dependence. Full Story
As a Brit I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the time to “put your money where your mouth is” when it comes to admiring the Yanks, by changing your Canadian dollars immediately into US dollars, the prime reason being that the Canadian looks set to drop after a big rally from mid-January, while the US dollar looks set to surprise by rallying away from the danger zone of the support around 93 on the dollar index. Full Story
The single best tool to tell you when the time is right to buy is how hard it is to pull the trigger. If it’s easy to buy, and you are afraid of missing a move, then it’s still too early. If you are sweating bullets and you have to have your wife push your finger on the mouse because you can’t make yourself do it, then it’s probably the right time to buy. The time to buy is when you are scared to death to pull the trigger. I would argue that no one is scared of the metals sector, yet. Full Story
The problem for gold, in my view, is that you have a large number of STALE LONG positions in this market. With traders these days having the attention span of a gnat, there is the risk of impatient longs beginning to throw in the towel. That would precipitate the selling avalanche that is possible when a market becomes this lopsidedly crowded on the long side. Again, at the risk of repeating myself… as long as key downside support levels do not fail, this speculative position will be okay. If they do fail, all bets are off. Full Story
Northwest Territorial Mint, a Federal Way company that sells precious metals and produces medals and medallions, filed for Chapter 11 protection Friday, a month after the company and its owner were hit with large jury verdicts in a defamation case.
Northwest Territorial Mint, a Federal Way company that sells precious metals and produces medals and medallions, filed for Chapter 11 bankruptcy protection Friday. Full Story
Scientists do not know how much water is left in the world’s aquifers - they can discern trends but they cannot yet determine the total volume that exists. We need a coordinated global effort to determine how much is left, how much we can take on a yearly sustainable basis from each aquifer and put an actionable, by ALL, conservation plan into place. Sounds like a lot to do but… The consequences of a major percentage of our global population running out of fresh water for drinking and irrigation, and how soon we could all be living in a no fresh water world, should be on all our radar screens. Definitely on mine, is it on yours? Full Story
An Open Letter to the Next President, Part 4 Where to Find $1 Trillion of Free Money Making America Competitive Again New York, Dallas, and Abu Dhabi Full Story
A solid week for stocks in the end after seeing the breakouts early in the week weaken initially. Strong closes are most important and that includes a strong weekly close and we did see that. I remain heavily long of leading stocks who are doing very well and markets are confirming this strength. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
