By: Adam Hamilton, Zeal Intelligence - 11 November, 2016
Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world. Equally if not more surprising was the subsequent days’ market reaction. Stock markets, gold, and gold-mining stocks did exactly the opposite of what was universally forecast for a Trump win. This has left contrarian traders wondering how gold and gold stocks will likely fare under Trump. Full Story
So, sadly, here we are. Price is, in fact, cascading down today and moving toward the lower end of the $100 range that we've been saying for weeks would contain it through the end of the year. Now, though things look awful and desperate, we should expect stout support in the area around $1210 just as we saw stiff resistance near $1310. Full Story
I count seven times in the first 45 seconds where Trump appears to running against the Federal Reserve as much as he was running against Hillary Clinton. There are three clips of vast sums of money. There are two panning shots of Federal Reserve symbols. There are two shots of Janet Yellen, with one of those being of her with other international central bankers. Full Story
The remarkable 25% rally in base metals includes copper, zinc, aluminum, iron ore, etc, and has not yet capture the attention of the mainline punditry. China is emerging as the epicenter of an economic nuclear reaction - the miraculous growth represents an essential opportunity for non-BRICS nations. China leads the world in cryptocurrencies such as Bitcoin / Litecoin. Full Story
Off the stump, let’s look at SPX. It has made what qualifies as a successful test of the SMA 200 and a ‘higher low’ to June, which had been our ultimate bull/bear market parameter. The Dow has already made a new high while big tech is suffering a case of Trumpitis AKA ‘cheap assembly jobs repatriation’ fears. So it will be important to watch the big Nasdaq 100 companies along with the Semiconductors to see if their negative divergences persist. SPX meanwhile, is dwelling at resistance right at the would-be ‘bull doorway’ around 2160 (Dow’s Trump Tower is by the way, well into all-time highs). Full Story
Trump is a businessman. Such people often think that running a country’s economy is merely a scaled-up business project. Not so. Countries can be regarded as not-for-profit organisations, and democratic ones are driven by the consensus of diverse vested interests. The only sustainable approach is to stand back and give individuals the freedom to run their own affairs, and to discretely discourage the business of lobbying. President Calvin Coolidge expressed this best: “Perhaps one of the most important accomplishments of my administration has been minding my own business”. Full Story
Einstein allegedly once claimed that insanity is doing the same thing over and over again and expecting different results. It turns out that central bankers are really insane. Their loose, unconventional monetary policy has not worked in Japan for the last quarter-century, but it did not prevent the Bank of Japan from adopting zero interest rates targets for ten-year Japanese government bonds and from the commitment from overshooting its inflation target. Full Story
By: Rick Ackerman, Rick's Picks - 11 November, 2016
U.S. stocks are headed much higher, impelled chiefly by better business conditions for everyone under a radically new Washington regime. Trump the supposed protectionist is about to rewrite the manual for trade agreements. Forget the high-tariff buzz — he’s going to do deals that everyone will see as win-win. And even before he flushes Obamacare down the toilet, deservedly so, a stroke of the Trump pen will significantly alleviate the crushing burden it has imposed on the small businesses that are the true engine of the U.S. economy. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 10 November, 2016
Stunned political analysts are missing the most plausible argument explaining Donald Trump's unexpected victory. The misreading of the American electorate stems from the political class' acceptance of mistaken (and increasingly insane) economic dogma that has arisen over the past generation. Based on their flawed understanding of economics, the pundits could simply not understand why the electorate had become totally disillusioned. Full Story
Jeffrey Nichols, Senior economist of Rosland Capital returns with positive comments on safe haven investments following the US Presidential election. Donald Trump stunned the establishment / elite by securing his position as the 45th President of the United States, winning the electoral vote. Populist / protectionist movements are gaining momentum, i.e., Grexit, Brexit and the US election. Full Story
You are looking at THE most economically sensitive commodity in the world breaking out of a SEVEN YEAR falling wedge pattern. This is the single biggest “tell” from inflation land since 2010. It is telling us point blank that something truly MASSIVE is about to hit in the markets. That something is going to be an inflationary spike. Gold and other inflation hedges will be moving sharply higher in the coming months. Full Story
This venture capital market is dominated by nano-cap resource exploration companies with a few small miners in the mix. Of 1682 current listings, 985 (59%) are classified as “mining” companies. In actuality, the vast majority are mineral explorers; few actually mine anything other than the stock market. Energy companies comprise 10% of the listings. Minor sectors include diversified industries, technology, life sciences, real estate, clean technology, and “capital pool companies”, i.e., shells with no project. Full Story
What we have repeatedly stated for the past several years is playing out to a T; don’t listen to the Drs of Doom, they love to sing miserable songs; the problem with misery is that it loves company and stupidity just demands it. Focus on market sentiment and the trend; the crowd was nervous for the past two months even though the markets were still trading relatively close to their highs. No bull market has ever ended when the crowd is anxious; bull markets end on a note of Euphoric and until the crowd turns euphoric corrections should be viewed through a bullish lens. Full Story
As many of you know, we have our own bullion vault integrated in BullionStar's bullion centre here in Singapore. What if I told you that every day we sell 6 kgs (6000 grams of gold), meaning that we sell about 1500 kgs gold per year to customers storing with us, but that we actually only keep 87 grams of gold in storage as reserves. Full Story
Gold is resisting the bounce in the dollar, as it has done in the past. Once the dollar is ready to roll over into an intermediate cycle low gold will be ready to fly. Full Story
By: John Mauldin, Charles Gave, and Louis Gave - 10 November, 2016
We had a very late night in the Mauldin household, as I’m sure many of you did. I truly was unsure what to expect from this election, and I was as surprised as anyone when the Trump victory started taking shape. At our election party there were many of my neighbors who were ardent Hillary supporters, and they were shocked, as was much of the national media. Full Story
By: Rick Ackerman, Rick's Picks - 10 November, 2016
The chart included with yesterday’s DJIA tout showed a big-picture pattern going back to early 2016 that projects to as high as 19727. This one, tracing back to early July, points to a somewhat less ambitious target at 19489. It is more suitable for trading because Hidden Pivot levels x, p and p2 are closer together, yielding theoretically lower-risk ‘mechanical’ entries from any of the three levels. It has also been loosely confirmed by an intraday high on Wednesday at 18650 that fell within spitting distance of the 18686 midpoint pivot. Full Story
The Trump victory was expected by the jackass, but to be honest, it took my breath away with a certain dash of surprise. At an hour past 2am, I could not break away from the TV set, wanting to see the final result. I actually covered my eyes and had empty tears with joy. The US nation can now move past the NeoCon era, the warmonger era, the bank fraud era, the economic gutting era whereby the NeoCon nazis almost completely destroyed their host. Many key figures among the elite will find themselves being hunted, not just by the law enforcement, but by hidden entities with intentions to clean the planet of this deeply corrupted human vermin. Full Story
GoldSeek reached out for comment late tonight as election results started pouring in shocking markets. With the final verdict still out on the winner of the US Elections, but with markets reacting in favor of a Trump win, we solicited the following comments on the big market action:
- Brien Lundin, GoldNewsletter - Chris Powell, GATA - Bill Murphy, LeMetropole Café / GATA - Andrew Hoffman, Miles Franklin - Axel Merk, Merk Investments President - Anthem Hayek Blanchard, Anthem Vault - David Morgan, TheMorganReport Full Story
Whoever’s in charge, and whatever tweaks they make to existing structures, our mountain of debt will eventually produce an epic crisis, talking politics along for the ride. So to answer Greenwald’s question about whether recent events represent the peak of this process, that’s highly unlikely. Much more likely is a series of financial/political crises that make the past few decades’ booms and busts look like an island of stability. Full Story
Donald Trump led a gut-level attack on the Establishment. Listening to a Trump speech you didn’t learn economics or the philosophy of liberty; you only heard what you already knew: you were getting the shaft from the elites. Ron Paul understands liberty and how it relates to economics, especially monetary theory, and attempted to educate Americans on some important points. Although his approach had strong appeal to young people it didn’t wake up enough older Americans to create a major movement. And that was our loss. Is it too late? Maybe not. Full Story
For Florida and North Carolina, the pollsters were slightly less reckless. The Associated Press correctly had the Sunshine State as “leaning red”, while the Huffington Post saw North Carolina ultimately voting Trump. After this and the Brexit polling disaster, the media is sure to be much more cautious with their models going into the next big political event. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 9 November, 2016
That governments intervene secretly in markets and are thereby destroying market economies and cheating investors everywhere isn't even the big scandal anymore. The big scandal is that mainstream financial news organizations won't report this intervention even as it becomes not just more obvious but spectacularly so. Full Story
Where were you? Where were you on the 8th of November? Where were you the day that we solidified the trend, the trend of anti-globalism, the trend of wrestling back the power from the elite power structure and returning it into the rightful hands of we, the people? Trump's historic win was foretold by me and others in the alternative media. This victory was much discussed, as we explained that it had little to do with the candidate, but everything to do with the message of bucking the status quo and shaking up the house. Full Story
It’s early Wednesday morning, and I could not be more thrilled – as indeed, as I have loudly predicted since the day after the BrExit, Trump not only won, but did so in a landslide! Sure, America’s deadly demographics – featuring an explosion of welfare-seeking immigrants; plus tens of millions of disenfranchised “locals” desperately seeking the same, made the result closer than the underlying sentiment of hatred for the establishment, and a desire for change. However, in winning essentially all “swing states,” despite massive election fraud, the soon-to-be-final Electoral College tally of 309-218 is as close to a landslide as you’ll get. In other words, for the second time this year, a major Western power elected to withdraw from tyranny, in favor of the unknown. Full Story
It was an event-filled and turbulent evening last night as the results for the 45th US presidential election rolled in, signalling that the majority of the American electorate had voted for Republican candidate Donald Trump. Trump received over 270 of the 538 electoral college votes needed to secure a majority. Trump will now be inaugurated as US President on Friday January 20, 2017. Full Story
By: Rick Ackerman, Rick's Picks - 9 November, 2016
Expect the nitwits who drove Dow futures down by nearly 900 points Tuesday night on the mere threat of a Trump victory to quickly recoup their sanity, and to redress the error with a powerful rebound in the days and weeks ahead. Their nutty reaction was of a piece with the savage selling that occurred in global markets after British voters decided to leave the EU. Trump will no more cause the world to end than did Brexit, and there is therefore no reason for stocks to have sold off as sharply they did. It happened simply because “Trump very bad!” had become the conventional narrative, at least as far as we were told by a brazenly dishonest press. Full Story
At this point, I’ve done all the pontificating I can about politics – which generally speaking, I never discuss. However, the unprecedented importance of this election – particularly its enormous financial ramifications, the necessity of informing people of the reality they face is simply unavoidable. Let alone, as per what has been revealed by WikiLeaks, Anonymous, and Project Veritas; as well as rank corruption within the FBI, Mainstream Media, Washington, and Wall Street, there can be little doubt that many of the most terrifying “conspiracy theories” are true. Full Story
Fundamentals make charts, and the unfortunate truth is that Janet Yellen refused to raise rates this year, after promising four hikes. That refusal to hike has delayed the end of the bank loan profits and money velocity bear cycles, and caused the swoon in gold stocks. The spectacular gold stocks rally in the first half of 2016 was likely a small taste of what is coming in 2017. That’s because inflationary winds are set to blow much harder in 2017 than they did this year, and keep blowing harder for many years after that! Full Story
The corrupted Republican and Democratic parties in the U.S. have put forth two of the most despised candidates – ever. One candidate is probably more corrupt than LBJ and both parties are rapidly losing credibility. Ask yourself, does either party speak for anyone but the political and financial elite? Full Story
It's time for investors to refocus on the banks who live via the credit cycle, and specifically the troubled EU Banking sector. When the Credit Cycle turns, those banks most over-extended always "pay the piper"! Problem banks are spread right across the Eurozone. Most in the financial media are presently focused on Deutsche Bank, as Angela Merkel currently claims they won't get "bailed out". No doubt the markets will force her to change her mind even if she was to stay in power in 2017. You can be assured that DB will get "bailed out". Full Story
By: Steve St. Angelo, SRSrocco Report - 8 November, 2016
Unfortunately, it doesn’t really matter which party wins the presidential election as neither one will be unable to stop the coming MOTHER OF ALL DEFLATIONS. While it is frustrating to watch just how insane this presidential race has disintegrated into, I try to not to focus on it. Why? Because the U.S. Government will become totally powerless to deal with the future financial and economic collapse. Furthermore, most institutions will also lose the ability to function when the system cracks. This really isn’t a matter of if or when…. IT’S HAPPENING NOW. Full Story
With the U.S. presidential election upon us, London-based HSBC says gold investors should see a significant bump in price no matter who wins. The bank sees a Trump victory more supportive of gold as a potential “protection against protectionism”—the New York businessman has been very critical of trade deals, including the North American Free Trade Agreement (NAFTA) and the proposed Trans-Pacific Partnership (TPP)—but a Clinton win could also help boost prices to as high as $1,400 by year end, HSBC says. Full Story
By: Rick Ackerman, Rick's Picks - 8 November, 2016
Lest we be seduced by the wishful notion that the Comey rally could be the bull market’s dying gasp, consider the chart featured with this tout. It suggests that a nearly 1500-point rally to 19728 is possible for the Dow Industrials if all hell breaks loose. In fact, a theoretical buy signal for a ride to that target has already been tripped, and the Indoos need only spike through the red line, a key Hidden Pivot resistance that lies just 132 points above Monday’s high, to make the target an odds-on bet. Full Story
Can this go on forever? There seems to be a growing assumption that the elites have finally figured out how to turn a capitalist system into a perpetual motion machine by having central banks buy up all financial assets. In this way they can set prices for everything pretty much forever, thus eliminating the business cycle and ushering in a golden age of government-guided growth and prosperity. Full Story
On the 1-year chart all becomes clear, and we see why the market is now dropping away. It is being forced into retreat by the fine, large dome pattern shown now pressing down on it from above—this is what triggered the support failure early this week. Volume has been persistently heavy on this drop, which is bearish, and the moving average convergence/divergence (MACD) indicator shows that there is plenty of room for it to drop further. An immediate downside target is the support shown in the 2000 area. Full Story
Gold is heading for its longest run of weekly gains this week since the U.K.’s Brexit vote shook financial markets, reports Bloomberg, primarily on rising concern that presidential candidate Donald Trump may prevail over Hillary Clinton in next week’s election. The precious metal held near a one-month high as investors weighed the need for a haven against expectations of higher U.S. interest rates, Bloomberg continues. Full Story
In Japan and Europe, Central Banks are already spending a record amount of QE per month ~$180 BILLION per month. And both Central Banks have just announced that they will fail to hit their inflationary goals (setting the stage for even more aggressive monetary policies). Gold has figured it out. While everyone is worrying about whether or not stocks have topped, Gold has broken out or is about to breakout in $USD, Yen, and Euros. Full Story
History tends to repeat itself and the more similarities to a past pattern we have, the bigger likelihood that it will continue to repeat. The day-to-date price swings of silver may seem erratic, but from a broader point of view, they are repeating – to a great extent – the same pattern that we saw in the past. The most interesting thing is what followed that past pattern. Full Story
Thing is, this time around, stocks will be pressured lower due to rising inflations expectations and stagflation concerns, much like what happened in the 1970’s once the US (and world) went off the gold standard completely. (i.e. the ball got rolling in this regard with FDR in 1933.) And this will be a constant problem for them on an ongoing basis, likely leaving the broads range bound for an extended time best-case scenario. This is not necessarily true of commodity stocks of course, especially precious metals as they trade as currencies as well. Full Story
Such it is with “gold is the best performing currency,” coming from someone who professes to believe that “Money is gold, nothing else,” as John Pierpont Morgan once put it. If you are a free man, you do not defy any masters. You simply go on about your life. And if gold is money, then it does not go up and down. It is simply the measure of up and down for everything else. Full Story
I see enough in the various data above to be very guarded through the election if Trump holds firm or gains in the polls. There is a scenario where the final 2 months could be okay but then 2017 hits the skids and there are multiple other scenarios in play. The theme for me personally and for NFTRH, has been profit retention since mid-summer. With so many wild cards in play I think we should continue on that path this week. Full Story
By: Steve Saville, The Speculative Investor - 7 November, 2016
This meant that the unusually-small amount of gold in the “Registered” category was almost certainly related to an unusually-low desire on the part of futures ‘longs’ to take delivery. To put it another way, the unusually-small amount of gold in the “Registered” category was nothing more than a natural consequence of bearish sentiment. Full Story
Gold and the dollar each have daily cycle trend lines that need to be broken over the next week or two. This video discusses the likely price action of both gold and the dollar during the month of November. Full Story
By: Rick Ackerman, Rick's Picks - 7 November, 2016
Stocks could swing wildly once the election results are known, and those who make book on such things, effectively selling “insurance” against the unknown, aren’t taking any chances. It will cost investors an arm and a leg to straddle the bet. How much? Here’s a post from “Mavin” in the Rick’s Picks chat room that offers a precise reckoning of the odds: I don’t know how many of you are familiar with volatility and volatility risk. Volatility is not only priced in for the election, but also for an extended period of time after the election. Full Story
Using exciting new research developed from years of hands-on business experience, Mr. Dent offers unprecedented and refreshingly understandable tools for seeing the key economic trends that will affect your life, your business, and your investments over the rest of your lifetime. Founder of the firm bearing his name, Merk is an expert on macro trends as well as an innovator in gold and currency investing. He is a sought-after speaker, contributor and author; Axel Merk's book, Sustainable Wealth, describes how the greater economic universe works, how it might affect your finances, and how to manage those finances to seek financial stability. Full Story
The gold price dipped back below the $1,300 spot mark in late morning trading in the Far East on their Friday, with the low tick of the day coming at the London/Zurich open. It was back above $1,300 spot in little over an hour -- and the tiny rally on the release of the job numbers got capped at 9 a.m. in New York -- and that was pretty much it. Full Story
Most of us consider this year’s presidential election as the wildest and most unpredictable we’ve ever seen, but you wouldn’t know it by looking at the markets. Gold and silver spent most of the past three weeks going nowhere fast. Between Oct. 6th and Oct. 27th silver traded within ten cents of $17.60/oz – an extraordinarily tight range. Precious metals generally thrive on uncertainty, but the markets have been unfazed and instead have appeared to be paralyzed. Full Story
Last week I wrote that election week would be Hell Week all across the United States because of rage and violence and contested election results (regardless of who appears to win). I also warned that the week now past would prove to be a turbulent precursor to the coming chaos. True to that prediction, the week that started appropriately with Halloween turned into Hillary’s own personal Hell Week — a DNC nightmare that spread a chilling fog over the US stock market and gave shudders to the Wall Street and Pennsylvania Avenue establishment. Full Story
In my election forecast of September 25th, and accompanying video I concluded that Donald Trump would WIN the general election due to the BrExit factor that allowed for a 3-4% swing in the outcome which would not show up in the opinion polls. And so as a consequence of Donald Trump being the first anti-establishment candidate in perhaps at least 40 years was expected to capitalise on the BrExit factor. Full Story
We started the week off with stocks acting poorly and the poor action morphed into some solid weakness as the SPX 500 nears its major support level at the 200 day moving average. We are into very oversold territory and a bounce is coming very soon, but I’d like to see a little more selling to the 200 day average before that bounce begins. Full Story
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