As we know, the precious metals complex enjoyed another very strong week. Gains in the metals were somewhat muted in comparison to the gains in the miners. GDX and GDXJ surged nearly 16% and 11% respectively. Last week we said nothing has changed. This week figures to be the week something did change and definitely so for the miners. Full Story
What we can expect will be an increasingly desperate attempt to rob people of their personal wealth. The situation will ramp up to a draconian level. Then, quite suddenly, the crisis will be upon us. The dreaded tanks will run out of fuel - the governments will lose the economic power to continue their advance against economic freedom. Full Story
Either way...whether HSBC actually managed to find 52.69 tonnes of real gold or not...and whether these additions are due to returning "investor demand" or just Authorized Participant short-covering...this string of "inventory" additions is almost undeniably bullish as a build up like this hasn't occurred since 2011. Full Story
Crude oil prices have dropped from about $106 in June of 2014 to briefly under $30 in January of 2016 – down about 74% peak to trough. This appears to be an on-going disaster for oil companies, the banks who loaned money to frackers, oil exporting countries, global stock markets and others. Full Story
It seems the Shanghai Gold Exchange (SGE) is continuing to publish the amount of gold withdrawn from the vaults on a monthly basis. For the month of January “SGE withdrawals” accounted for 225 tonnes, down 1 % from December. After the first weekly SGE reports in 2016 did not disclose SGE withdrawal data and phone calls to the bourse in Shanghai answered these numbers would not be published anymore we can wonder why the Chinese have changed their stance. Full Story
By: Sol Palha, Tactical Investor - 5 February, 2016
It appears that Gold is making a valiant attempt to put in a bottom. It will take a monthly close above $1200 to indicate that the worst is behind and that Gold is ready to trend upwards. Until then Gold is going to be tied in a trading range, with the possibility that it could still trade down to $1000. However, as we stated before, it makes sense to put some money into bullion, but we would abstain from jumping into gold stocks as the sector still has not confirmed that a bottom is in place. Full Story
Game Changer: China Set To Start Yuan-Based Gold Price Fix In April 2016
It has emerged that the People’s Republic of China is set to launch a historic Yuan-based gold price fix this April to boost the country’s status as the new emerging leader in the international financial market. Full Story
By: Rick Ackerman, Rick's Picks - 5 February, 2016
The recovery phase of Thursday’s obligatory swoon was somewhat lacking in vigor, and so the futures ended the day about where they started. Bulls held a nominal edge at the close, if only because the day’s gratuitous ups and downs occurred well above Wednesday’s bombed-out low. Even so, I’ll suggest using the bearish pattern shown to get the jump on Friday’s action. It has the virtue of having generated a bounce from the 1870.50 midpoint pivot, confirming the pattern itself. Accordingly, a breach of the actual low at 1865.00 would put the futures on a downward course to as low as 1801.00. Full Story
The claim that the gold prices are manipulated is one of the most popular notions within the gold investing community. Probably, no other market (except the silver market) holds such a belief so strongly. The core argument goes as follows: an increase in price of gold signals inflation and the decline in the value of fiat currencies, especially the U.S. dollar, which undermines confidence in the contemporary monetary system. Thus, governments, central banks and their collaborators from the financial system are heavily interested in suppressing the price of gold. Full Story
When Gold Standard Ventures announced on February 1 that Goldcorp would be investing CA$16.1 million for 9.9% of the junior's shares, industry watchers took notice. In this analysis written exclusively for Streetwise Reports, Thibaut Lepouttre, editor of Caesars Report, speculates on why the major acted when and where it did, and what it might mean for the future. Full Story
The basis for this analysis is a video published today by Mike Maloney titled, Is A Financial Crisis Being Covered Up? My hats off to Mike for finding this data from the Fed because I would not have otherwise been looking for it. To help think about the analysis below, keep in mind that the Fed’s balance sheet is an aggregation of all of the Regional Fed balance sheets, which themselves are an aggregation of the banks that are members of each Regional Fed. Full Story
I am sure this article will fan the flames in “troll town”! Please attack the logic, do not say “it will never happen because it has not”. Do not point at the prices of gold and silver and say “see, you are wrong”. The manipulation of markets, all markets is so obvious even an idiot can see it with very dark sunglasses on! I expect we will see “gap” openings in nearly everything very shortly … Please do something, anything, to protect yourself and loved ones! Full Story
Gold is the ultimate form of wealth insurance. It has preserved wealth for millennia through every kind of crisis imaginable. It will preserve wealth during the next crisis, too.
But, if you want to be truly “crisis-proof”, there is more you can do... Full Story
From a technical analysis perspective, the fact that they were able not only to breach that stubborn band of resistance near 125 which has kept them in check, but also managed to soar through the mid-July 2015 low near 128 is very impressive. Full Story
In today's video I’m going to cover stocks, currencies, oil and gold. This would normally be the nightly report on the premium website, but I’m going to make it public so everyone can get a taste for what is included in the premium reports. If you like this update you can sign up for the premium reports by clicking on the orange button on the right hand side of the page. Full Story
Capitalism is by nature creative and destructive. What do we taxpayers owe the buggy-whip makers for going out of business because of the auto mobile, which did not require horses? Precisely nothing. But then in steps the modern federal government, to sue Henry Ford for buggy-whip-maker damages. This latter mind-set prevails today and it's why your kids can't read. But that's another rant. Full Story
By: Rick Ackerman, Rick's Picks - 4 February, 2016
Gold’s upward progress has been unspectacular, but even so, as the saying goes, nothing is more bullish than an uptrend. Wednesday’s thrust was sufficiently robust that we won’t need to give bulls the benefit of the doubt for a change. That means we can take the 1154.40 target more or less for granted. The tradable implication is that a makes a pullback to 1142.90 a ‘mechanical’ buy, provided the futures are pulling back from at least 1147.00, and that the pullback takes at least 2-3 bars to play out on the hourly chart. Full Story
Centuries-old legal protections have been turned on their head in the war on cash. Guilt is assumed, while the victims of the government’s depredations have to prove their innocence. Governments having far more time and money to devote to asset forfeiture cases than the citizenry, most victims of cash seizures decide to capitulate rather than attempt a Pyrrhic victory. Those fortunate enough to keep their cash away from the prying hands of government officials find it increasingly difficult to use for both business and personal purposes, as wads of cash always arouse suspicion of drug dealing or other black market activity. Full Story
Gold prices have continued to eke out further gains today. The very poor ISM data yesterday saw the dollar fall against all major currencies and particularly gold. Full Story
In the cashless society of tomorrow, bank depositors won't be able to escape negative interest rates because they won't be able to withdraw any actual cash to stuff under the mattress. Cash won't be king anymore. It will be dethroned digitally. And when that happens, financial privacy will largely be a thing of the past. Full Story
Louis Cammarosano, Smaulgld, has been reporting the explosive sales of some of the worlds largest government mints. When ever one is discussing gold and silver China usually comes up in the conversation. China is one of the worlds largest producers of gold and is the largest importer of gold as well. China also imports a significant amount of silver. Full Story
Longtime readers know that I rarely delve into partisan politics. That’s not the usual focus of this letter. While I am sure that most readers suspect that I generally lean Republican, I try not to let that enter into our macroeconomic and investment discussions. And I’m not really going to change that policy today. Full Story
Chris welcomes back Bob Hoye, senior investment strategist at Institutional Advisors. US equities could be entering a bear market, given media reports of a domestic retail "Apocalypse", with thousand retail store closings. Now that gold has recovered by nearly $100 from the recent lows, gold and silver investments represent the best portfolio insurance currently available. Gold / silver equities could present an excellent contrarian opportunity, relative to overpriced sectors. Full Story
By: Peter Diekmeyer, Sprott Money - 3 February, 2016
Ten years ago this week, Alan Greenspan left his post as head of the US Federal Reserve, facing disgrace among hard money advocates, which largely persists to this day.
However gold investors can learn an important lesson from how little influence Greenspan, one of the gold standard’s most eloquent backers, had during his 18-year tenure. A lesson that provides important clues as to future central bank monetary policy and its effect on precious metals prices. Full Story
By: Axel Merk, Merk Investments - 3 February, 2016
"Stocks beat gold in the long run!" is a 'rallying cry' to buy stocks we have heard lately that gets me riled up. It’s upsetting to me for two reasons: first, an out of context comparison, in my opinion, misguides investors. It might be the wrong assertion in the short to medium term. Full Story
A lot is riding on the demand side of the equation when it comes to metals' price performance this year. Demand is the bigger wildcard with signals thus far being mixed in gold and silver bullion markets. The outlook for supply is more certain, and it isn't pretty. Full Story
In short, the Bank of Japan has gone “all in” to attempt to reflate its financial system. It has completely failed. And now it is so desperate that it is promising to do even MORE only three days after its latest monetary surprise. Full Story
We opened our doors back in 2011 with our top call in the metals market. Since that time, we have been traversing a complex correction for the last 4+ years. And, as I have been saying since the end of last year, we are very close to its completion. In fact, there are indications that the miners “may” even have bottomed already. Full Story
Last week, there was a lot of hubbub regarding the record low Comex registered gold inventory. At the time, we suspected that the vault movements were due to December "deliveries" and today we got our answer. Before we start, please go back and review this article from one week ago. We rushed to get it published last Tuesday as it was important for everyone to understand the context and likely rationale for the movement of the "gold" that left the registered vaults at an all-time low. Full Story
I’ve been busily writing a letter on oil and energy, but in the middle of the process I decided yesterday that I really needed to talk to you about the Bank of Japan’s “surprise” interest-rate move to -0.1%. And I don’t so much want to comment on the factual of the policy move as on what it means for the rest of the world, and especially the US. Full Story
January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession officially began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to Citigroup, Inc., it was also the worst January ever for credit markets. Full Story
The PPT can huff and puff until its cancerous, tar-filled lungs are empty. Central banks can take rates to unprecedentedly negative levels; and the MSM can create all the – pardon my French – bulls–t rumors about potential Saudi Arabia and Russian production cuts. The Cartel can fix the silver “fix”; the Spanish government can “outlaw” Catalonian secession; the Troika can pretend Greece is “bailed-out”; and the BLS can claim 5% unemployment to its heart’s desire. But when all is said and done, “Economic Mother Nature” and the “unstoppable tsunami of reality” are rolling through such petty manipulations like Neo at the end of the Matrix. Full Story
Today the Bank of Japan (BoJ) rattled global markets on Friday by announcing its adoption of a negative interest rate policy intended to spur banks to lend and consumers to spend. The world’s third-largest economy, then, joins a handful of European countries who are experimenting with less-than-zero rates, among them Denmark, Austria, Switzerland and Sweden, which I’ve written about previously. Full Story
It’s a new year, and people in Europe are trying to get over the 2015 hangover – literally. From the Charlie Hebdo incident at the beginning of the year in France, which was tragedy sparked by the locals poking fun at the wrong brand of extremists apparently, to the not so funny New Years celebration in Germany, and everything in between (Paris Massacre, etc.), clearly racial tensions are on the rise. Full Story
To finish, negative interest rates are not even "real". A real and functioning system cannot exist with negative rates. The same thing is true for backwardation in precious metals. In a real system with a rule of law they theoretically cannot exist, in a correctly functioning system, backwardation certainly cannot exist. Negative interest rates are a sign of outright panic by TPTB, the reaction on Friday will not last long once this understanding sinks in. The coming global financial crash will be greater than anything ever before seen in history. The time for REAL INSURANCE has never before been this great! Full Story
This chart courtesy www.macrotrends.net shows the price of gold compared to the US Monetary Base. The current ratio is at 0.30 and this is the lowest it has ever been! This makes gold the least expensive (compared to the monetary base), in history! Full Story
As you know, the U.S. stock market just began the year with its worst January performance since 2008. Hmmm. And what happened later in 2008? To that end, we have been projecting an end to this current bull market in stocks since the August 2015 appearance of a "death candle" on the charts. Today, we provide an update. Full Story
Chris welcomes back to the show, Marin Aleksov, CEO of Rosland Capital. Our guest says the recent market volatility, domestically as well as in Asia, which could lead to a 2008 style market crisis, halting the FOMC rate hikes. Chris welcomes Robert Kiyoaski, America's 'Rich Dad' back to the show, author of Second Chance: for Your Money, Your Life and Our World (2015). The Rich Dad book series author expects the US share slide to continue in earnest. He's convinced that the yellow metal has completed the bear market, which is why he's directing funds to the gold safe haven. Full Story
The central banks of the world have made a mess of global economic systems, although they have successfully enriched the financial and political elite. But systems are collapsing, the deflation monster has arrived, and more QE, negative interest rates, bailouts, devaluations, and bail-ins are coming. Full Story
Bullion for immediate delivery rallied 5 percent in January, according to Bloomberg, the best gain in a year as seen in the chart below. Following the $15 trillion rout in global equity markets since May, the precious metals’ lure has reawakened. Bloomberg also points out that investors bought gold through exchange-traded funds for the past seven days straight, the longest stretch in a year. Full Story
It’s part of the human condition to believe that really bad things can’t happen. This is a big part of the reason it takes a long time for a bear market in stocks to unfold. That plus blinding greed. But the unfortunate truth is that more than likely the stock market in general will have to drop at least 50-70% before we can credibly discuss whether or not a bottom will occur. I say 50-70% because most people would not believe me if I were to disclose where I really think the stock market is headed before this over. Full Story
Since we covered the many different markets in detail last week I would like to focus back in on the US dollar and the TLT looking for clues for the big picture direction. The huge daily swings, in say the INDU last week, makes it very hard to keep and hold a short or long position unless you’re perfect on your entry point. In a bull market it’s two steps forward and one step backward and in a bear market it’s two steps down and one step up. Full Story
The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen, and yuan. In the common tongue, gold was up $20 and silver rose 25 cents. Full Story
The recovery rally in the US stockmarket that we have been expecting for a week or two started on Friday with a robust advance that gathered strength into the close. The trigger was Japan’s announcement that it is going into NIRP (Negative Interest Rate Policy) in a big way, which means that as they slip deeper into the abyss of bankruptcy they are going to resort to robbing savers. This is real “endgame stuff” – another milestone on the road to ruin, and it looks like it was the result of the Japanese attendees at Davos being taken to one side and given their “marching orders”. Full Story
We live in unprecedented times. In 2012 the U.S. government legalized propaganda and since then the lies and deceit we are fed have become common place, not to mention more disconnected from reality than ever before. If we look at the outrageous unemployment number, being 5% when reported on January 8th, 2016, anyone with a brain knows that something is out of balance. Full Story
Hey everyone, it’s Jeff here and today I wanted to share with you an interview with a new friend. A friend that I met recently. As many of you know, I was at the Silver Summit, it was in San Francisco, just a couple of weeks ago and the night before the event I attended The Bix Weir event. He had a party through an event on the Friday before and I met a fellow named Bill Ayers. Full Story
I wanted to take a bit of time in this post to discuss one of the most important things that those wishing to be successful in trading/investing need to learn, namely detecting shifts in sentiment. Those of you who have been reading my work for a while will be familiar with my constant reference to this topic. It is primarily for some of the newer readers that I wanted to write this but also to reinforce the concept in the minds of some of the more seasoned hands. Full Story
Another choppy, tough weak with stock wanting higher, then wanting lower but in the end, trying to breakout higher, for now. It’s a tough time to try to trade for sure and I’m in an all cash position, but getting tempted. We did see some nice strength Friday but it’s month end rebalancing so I decided to not hold positions over the weekend when anything can happen, and to wait and see if this strength can be carried over into the new month. Full Story
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