A California 9.9 earthquake, Dow Index crash to sub-10,000, gold prices go parabolic, a possible Ebola outbreak in a major US or European city, derivative melt-down, another credit crisis, Ukraine becomes ground-zero for WW III, or maybe politicians “make nice,” paper currencies last forever, and there is fresh food and clean water for all. Full Story
Gold has once again begun to assert its safe haven value after the recent drop in equity prices. Last week’s Argentina bond default scare coupled with rising tensions between Russia and Ukraine have combined to spook global equity markets. On Thursday NATO warned that Russia was preparing to send 20,000 troops into eastern Ukraine under the pretext of a humanitarian mission to save separatist rebels. Due to these concerns gold’s value has risen to a 2-week high. Gold’s rally is all the more conspicuous in light of the recent rally in the U.S. dollar index. Full Story
By: Adam Hamilton, Zeal Intelligence - 8 August, 2014
The mighty GLD gold ETF’s bullion holdings have remained stable in 2014, an impressive feat. Last year they suffered an epic outlying record plummet as the Fed’s stock-market levitation sucked capital out of alternative investments. This year’s resiliency in the face of the ongoing stock-market melt-up almost certainly means the bottom is in. GLD’s holdings are set to surge as weaker stock markets entice traders back. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 8 August, 2014
Doug Casey of Casey Research refuses to see gold market manipulation because it contradicts his ideology that markets are always bigger than governments. (If only they were, since then no government on the planet would remain in its current configuration and totalitarianism would be impossible.) The job of CPM Group's Jeff "Pay No Attention to That Man Behind the Curtain" Christian depends on his denying gold market manipulation, since the market manipulators are his own clients, central banks. Full Story
Last week, on July 30, the Republic of Argentina was declared to be in default for the third time in 30 years. Let's put that into perspective. If you were a bank officer who offered a 30-year mortgage to the Government of Argentina in the early '90s you would have spent nearly the entire life of the loan in a perpetual nightmare of refinancing. You would likely be not only fired from your job, but a pariah in the entire industry. This is what Argentina's international creditors and domestic citizens have faced in real life. At the time of writing this article S&P has downgraded Argentina to CCC-, one of the lowest ratings available for sovereign governments. Full Story
We’ve been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn’t punch through. This signaled that Gold could begin a deeper decline and the miners would be vulnerable. However, Gold failed to break below $1280 while the miners have continued to digest their early summer gains and hold support. Full Story
It is important to review the minutes released recently by the Fed, since they may well signal a turning point in monetary policy. The programs of active purchasing of government debt and commercial assets may be curtailed. Yet, as we have often discussed at length, it is not the most important element. There are other factors of monetary policy to be considered: interest rates for one, and the Federal Open Market Committee suggested they may start to discuss interest rate hikes. Full Story
The precious metals are lynch pins. They are nagging and persistent counter-parties to money printing gone wild. It's been this way for as long as commerce was semi-civilized. (Though given the amount of financial fraud, violence, and chaos in the world, the term "civilized" might need to be reconsidered)... When prices began to fly, the point of no return will be long since passed. Full Story
Yesterday’s follow-through rally was modest but encouraging, since it exceeded an important ‘external’ peak, refreshing the bullish energy of the intraday charts. Traders should notice that the rally also generated an A-B impulse leg that could lend itself to a camouflage-style long entry. There’s no point ‘C’ low to the pattern yet, but night owls should watch for one to develop, since it may yield a precise signal for this vehicle’s liftoff from the launching pad. It would be quite bullish if a rally settles above the 1325.00 midpoint pivot, since that would indicate more upside to 1368.90 over the near term. Full Story
If you’re a biotech investor, you’re undoubtedly aware of the buzz regarding 3D bioprinting. There have been scores of articles and video presentations in popular outlets heralding the end to transplant organ shortages. Using living cells rather than inanimate construction materials, 3D printing technologies have been used to build models of organs and other tissues. Excitement about the possibility of mass-produced bioprinted transplant organs has fueled a massive inpouring of capital into companies working on this seemingly science fiction technology. Full Story
I was chatting with one of the owners of GoldSeek Mint and we thought it would be interesting to run a poll to see what type of Silver bullion investors preferred? Do they like Government Silver or Private Mint Silver? Silver bullion investors are a very special bunch of people. We actually have a name for our community, “Silver Bugs”. Full Story
What a tragic mess the global economy has become with no hope of any outcome other than systemic currency collapse. Each day, our “contrarian” view that sovereign Treasury yields will plunge toward a Japan-like zero is validated further, per what we wrote in May’s “Most Damning Proof Yet of QE Failure.” Full Story
With the help of some of NFTRH‘s standard weekly charts, we take a snapshot of the US stock market. The Bank index is unbroken from a weekly perspective. People will talk about an H&S but it is not activated until the trend channel and the neckline (a well defined support area) are broken. BKX, along with the Semiconductors has been a notable leader to the entire surprise* phase of the bull market out of Q4, 2012. Full Story
I have heard, seen and read many accounts that make a mockery of the "to da' moon" gold and silver pundits. In some cases it is well warranted. For example, anyone who promotes gold or silver to "get obscenely rich" is simply wrong. They say that gold and silver are "going to da' moon" which in my opinion is highly likely in dollar terms but in reality they are completely wrong. An ounce of gold and silver will always "just be" an ounce of gold or silver, what will have changed is the value of the dollar or any other currency that you are using as a measurement. Full Story
On Thursday July 31, 2014, the Dow Jones Industrial Average closed down 317 points, effectively completing a key point monthly reversal high. The S and P 500 and The Wilshire 5000 also made reversal highs in July, as did the Dow Transportation Index. Full Story
By: John Mauldin and Steve Forbes - 7 August, 2014
Forbes Editor-in-Chief and longtime friend Steve Forbes leads off this week’s Outside the Box with a sweeping historical summary – and damning indictment – of the “cheap money” policies of the US executive branch and Federal Reserve. Four decades of fiat money (since Richard Nixon and his Treasury Secretary, John Connally, axed the gold standard in 1971) and six years of Fed funny business have led us, in Steve’s words, to an era of “declining mobility, great inequality, and the destruction of personal wealth.” Full Story
If privacy in your silver and gold buying is important to you, your definitely going to want to study our new Infographic. With this report you will learn about IRS reporting requirements for all domestic online silver and gold dealers and local coin shops selling silver and gold to the public in the USA. Full Story
Whatever may be, we have now reached one of those disrupting periods where the unreal hopes and projections of the financial markets will clash with hard reality, as happened in 2000 and 2007. Periodically, with the help of Fed’s interventions and interest rates set way too low, markets stray totally away from their equilibrium valuation, become a self-fulfilling prophecy to their highs, inflate out of proportion and end up confronting a pin. The nature of the needle doesn’t matter... the bubble always ends up exploding. Full Story
Welcome to Cambridge House Live. I’m Vanessa Collette here at the Sprott Symposium–I’m thrilled to be joined by Doug Casey, Chairman at Casey Research and best-selling author of several books crisis investing and you have a new book out as well which is called totally incorrect- welcome Doug, it's great to have you on the show. Full Story
Downward manipulation of gold and silver is real, declares Jason Hamlin, but the longer it continues, the higher prices will go when the free market reasserts itself. In this interview with The Gold Report, the publisher of the Gold Stock Bull newsletter argues that rising geopolitical anxiety coupled with endless monetary expansion could lead to explosive growth in precious metals and equities. Full Story
“If I scare you this morning, and as a result you take action, then I will have accomplished my goal.” That’s what I told the audience at the Sprott Natural Resource Symposium in Vancouver two weeks ago. But the reality is that I didn’t need to try to scare anyone. The evidence is overwhelming and has already alarmed most investors; our greatest risk is not a bad investment but our political exposure. Full Story
"The Art of War" was an ancient Chinese text written by general Sun Tzu some 2,000 years ago. The exact timing is not known but historical scholars have narrowed its origin to sometime between 200 BC and 200 AD. The book is written in 13 different chapters, some of which I will fast forward and compare to Chinese actions in current day. The text has been translated into several languages, first into French in the late 1700's and again into English about 100 years ago. After reading many of the quotes, I have no doubt that Sun Tzu was a very wise tactician of Eastern thought and someone that even the "masters" looked to for guidance. Full Story
Yesterday’s price action in the precious metals market was very specific. Gold declined very little, silver declined much more, and mining stocks moved a bit higher. When we see a mirror image of such action (gold pauses, silver rallies and miners decline a bit), it’s usually a sign of a top. Have we just seen a local bottom? Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 6 August, 2014
Our friend and consultant R.M. in the United Kingdom, noting GATA's exchange today with the Financial Times - relates an experience similar to that of our friend R.B. in the U.K., an FT subscriber who for five months prodded the newspaper for an explanation of the newspaper's quick deletion from its Internet site of its February 24 report about concerns about gold market manipulation. While R.B. eventually got an explanation from the newspaper's customer service office -- that the report was deleted from the FT's Internet site because it was "sensitive" -- that explanation was repudiated today by another newspaper official, who said the FT's customer service office had been "misinformed." Full Story
Gold has declined slightly, from around $1,320 to $1,300, in the last few weeks. Rick commented that this was normal for a recovery in resource stocks. You expect gradual rises and subsequent consolidations. Today, he lays out his three big drivers for a recovery in the ‘junior’ resource stocks. Full Story
Although it may seem strange, there are quite a few parallels between the California Gold Rush and race for hash rate to mine bitcoins. However, as the infographic suggests, it is too early to tell if bitcoins will be as good as gold in terms of storing value. The price has been unstable and fluctuates rapidly. The chart below details the past three months of the price (May 2014-July 2014). Prices fluctuated between approximately $427 to $665. Full Story
As the month of August gets underway, the gold market has a solid feel to it. In 2014, analysts who have held extremist price targets (both bullish and bearish), have found themselves looking like fish out of water. Gold has not skyrocketed on the supposed “massive physical shortages” envisioned by the super-bulls. Nor has it crashed and burned, as the super-bears promised it would, on US rate hike fears or QE tapering. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 5 August, 2014
The newspaper's repudiation of its customer service office's explanation asserted only that the customer service office had been "misinformed." The repudiation did not explain why the story was removed from the FT's Internet site, asserting only the obvious -- that the removal was "an editorial decision." In correspondence with the FT today your secretary/treasurer has reiterated GATA's eagerness to assist the newspaper with any inquiry into gold market intervention by Western central banks, which GATA has been documenting for 15 years. Full Story
"Money as we know it...will simply disappear". Could this really happen? I think that it can and believe that it will in some fashion. This is a huge statement and one that certainly needs some explaining. Before getting to this, I want to relate to you a couple of questions I received this past week and pass along a quote that is very pertinent, and in my opinion almost an exact roadmap to what we will soon experience. Full Story
Your insurance company probably won’t go under; however, one might have said the same of AAA bonds in 2007. As many investors found out, sometimes the unlikely suddenly becomes your very own nightmare. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 August, 2014
In the last few weeks the story of Iraq has faded from the headlines to be replaced by the story on the Ukraine, Gaza and on the business front the tumble of the Dow on the New York Stock Exchange. But right now in the world we are watching many structural changes taking place quietly but completely. One is the shift of wealth and power to the east, the rise of the Yuan and its use in a growing number of global transactions in the place of the U.S. dollar. Full Story
The overall markets are exuberant. Valuations rise regardless of value created. And gold is conspicuously not at the party. All of this sounds very familiar to John Hathaway and Doug Groh, portfolio managers of the Tocqueville Gold Fund. It is like 1999 all over again. In this interview with The Gold Report, the pair of fund managers discuss the impending upside they see near on the horizon and why a diversified portfolio can minimize risk and maximize profit. Full Story
Jeff Clark, one of the world's top gold experts and the Senior Precious Metals Analyst at Casey Research, chats with Cambridge House Live anchor Vanessa Collette at the Sprott Natural Resource Symposium in Vancouver about where the gold price will go should the mainstream markets have a major correction, why inflation is absolutely on its way and how he chooses what gold stocks to buy. You couldn't watch a better interview today on gold and why you need it in your portfolio. Full Story
My good friend Robert Friedland, executive chairman and founder of Ivanhoe Mines, painted a startling picture of an increasingly polluted London, England, during his speech. Did you know the city’s air pollution is now worse than Beijing’s? Not only that, Paris hit life-threatening pollution levels this year and the World Health Organization even stated that pollution is the world’s single-biggest environmental health risk. Hard to believe, isn’t it? Full Story
One by one, the salami slices are falling. That’s what the Salami Approach is all about – the meticulous carving off of one slice after another – until it’s all gone. In this case, what we are talking about is the economy – the increasingly destabilized and decentralizing economy courtesy of a bankrupt society. But this has all happened before you should know, so it’s nothing new save the scale. Because it’s the entire globe this time around – meaning while humanity has been in similar states previously, on this basis it’s ‘all new’ in terns of outcomes. Full Story
By: Jim Nelson and Peter Schiff, Euro Pacific Asset Management - 4 August, 2014
With the first half of 2014 now in the books, many investors are happy with the performance thus far, especially given the economic headwinds that few saw coming. The 26% rally in U.S. stocks in 2013 gave way to a more modest 7% gain in the first half of 2014. Most see this as a positive development in a maturing market. But beneath the surface, important trends are emerging that should give investors reasons to re-evaluate their assumptions. Full Story
I think that it is becoming very clear that we are headed over a cliff in every way imaginable. All you need to do is look around, we are at the edge economically, financially, socially, geopolitically and morally. Let me help you "look around" at where I think we are. Full Story
Nearly seven years after the world's greatest financial crisis, we remain in monetary emergency mode, an irony matched only by the last minute (literal, and relatively quiet) battening down of the monetary hatches. The U.S. Treasury Advisory Committee has warned, on numerous occasions over the last few years, about the downside to quantitative easing. Full Story
The one investment opportunity I regard as an absolute no-brainer also happens to be potentially among the most lucrative. How lucrative? Gains of up to 40% over the next 12 months are possible. More on that below. But before I divulge some further details, let me mention that this particular asset class has yielded well in excess of 20% in five of the last six years. You might think that such a terrific opportunity would have been discovered by now. In fact, the opposite is true. This particular investment has either been shunned or ignored by the crowd, mainly because it disdains the popular wisdom that Fed stimulus already in the pipeline is certain to produce serious inflation somewhere down the road. Full Story
The head of Euro Pacific Capital says Wall Street is perplexed by the near 10% gold rebound in 2014. The nascent domestic housing / economic recovery may be only smoke and mirrors; bad news for Fed officials who are basing their forecasts on continued demand for residential real estate. The HGX housing index dropped to the lowest point in over seven months this week, after registering no forward progress in over a year. Full Story
The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States. The manipulation of the gold and silver prices eventually led to the manipulation of US interest rates via the Fed, the stock market via the Plunge Protection Team, and to the currency markets. GATA has been on this case for more than a decade, pounding the table about what was going on. Full Story
We called the exact top in gold to the day in the last update 3 weeks ago, as it has since reacted back. Now the picture is more messy, with conflicting indications, but let’s see what we can make of it. There was no update for these 3 weeks as we were waiting for this decline to run its course (no point in working for the sake of it). Full Story
Reading some of the recent obituaries on gold recently and you could be forgiven for thinking it was the stock market that is up 10 per cent so farthis year and not gold. US shares have just given back all their gains of 2014 and are heading into a market rout as the Fed finally closes down its QE market support program in October. Stocks have only been more highly valued twice in recent history, in 1929 and 2000, both years of market crashes. Full Story
China continues to be front and center on my list of concerns, even moreso than the latest Federal Reserve press release or fluctuation in the Dow (although you should pay attention). I believe China is the single biggest risk to world economic equilibrium, even larger than Japan or Europe. This week my young associate Worth Wray provides us with a keenly insightful essay on what is currently happening in China. I will admit to not having written about China very much in the past five years, primarily because, prior to Worth’s coming to work with me I really had no secure understanding of what was happening there. Full Story
Earlier in the year, we stated 2014 could be like 2013, price-wise, and that appears to be playing out. However, as the idiom goes: appearances can be deceiving, and it is certainly true of the chart prices for gold and silver. The natural forces of supply and demand would have PM prices much higher, if for no other reason than an inflation adjustment. It is the ongoing exertion of unnatural forces that have been dictating prices for so long. Full Story
We saw more consolidation and chop for markets and stocks this past week while even good earnings numbers aren’t helping stocks move higher. We started to see some weakness come into the market Thursday which has begun to rock the bulls. I don’t think we will see too much of a correction, rather, just more chop as we build a base leading us into the fall, which is a seasonally strong time of the year. Full Story
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