Topics: Are the Gold & Silver bull markets coming back? How to profit from the coming stampede into mining stocks. How gold is playing its part in global monetary shifts. Plus much more including your questions! Full Story
Established in February 2008, Sprott Money Ltd. is a leading precious metals dealer selling gold coins, silver coins and bullion bars online and over the phone. As one of Canada’s largest owners of gold and silver bullion, the company’s goal is to facilitate ownership of precious metals no matter how big or small the portfolio. Full Story
All-time high stock valuations – caused by Central banks covertly buying half the world’s equities. All-time low yields, caused by Central banks covertly (and overtly) monetizing every toxic bond imaginable. Housing bubbles galore, caused by Central banks printing money and handing it to Wall Street. Record low market volatility, caused by Central banks not allowing weakness. Record Rolls Royce sales, whilst Wal-Mart sales plunge and social unrest abounds. Full Story
By: Adam Hamilton, Zeal Intelligence - 11 July, 2014
Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks. It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that. Happening in the midst of the summer doldrums when global precious-metals investment demand is weak, this is an exceptionally-bullish portent. It is setting up the PMs for a major autumn upleg. Full Story
Wages increase more slowly than taxes and consumer prices. Throw in several stock market crashes, a housing crash, add in a few million home foreclosures, flaunt price fixing and market manipulations, massive banker bonuses, numerous political scandals, and eventually people lose confidence in the system. Full Story
The ongoing bull market is over 5 years old and both the Dow Jones Industrial Average and the S&P500 Index have climbed to record highs. Yet, the vast majority of retail investors are still not convinced and many are waiting for the elusive stock market crash! Full Story
The debate in precious metal markets today is whether or not the three-year bear market is over and a new uptrend is establishing itself. But assuming for a moment that the gold price has turned the corner, will the bullion banks be able to keep a lid on it? Given the recent jump in their short positions as recorded in the Bank Participation Report on Comex, they presumably think so, and unallocated accounts in London will play an important role. Full Story
No matter where you look you will find the incumbent administration in Washington DC gutting every part of America they can. It is quite obvious from their ACTIONs (their words are carefully disguised double entendre and pithy slogans used to disguise their betrayals) they despise America, her people, our history, our freedoms, our institutions and culture and are working overtime to KILL IT. Monday’s Gartman letter contained a deep insight that is being REPORTED nowhere by the main stream media. The gutting of our military during a time of high and rising global military tensions. Full Story
The long-anticipated summer rally for the precious metals (PM) sector gained strength this week even as the U.S. broad market stumbled. The recent plunge in small cap stocks isn’t an unrelated phenomenon, however; it’s one of the reasons behind the rally in the PM sector. In this commentary we’ll examine the main drivers behind the latest push to multi-week highs for gold and silver. Full Story
The “price” of anything is a measurement of something just as a “mile” is a measurement of something. A mile measures distance, a “gallon” measures volume and a “pound” measures weight. But because the actual “value” of a currency can fluctuate, the “price” of the food in the grocery store to the “price” of a share of a stock exchange can move up and down without a change in value of the item itself. Full Story
This morning I woke up to the following headline: Before the Bell: Stocks set to plunge on Fed, Portugal worries (Globe and Mail, July 10, 2014). While many would no doubt centre on statements from the June FOMC meeting one of more important aspects of the story may well be that Banco Espirito Santo of Portugal was covering up a potential $1.8 billion hole in its accounts through accounting chicanery. Banco Espirito apparently missed a debt payment. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 10 July, 2014
In the first edition of the new Gold Videocast, Peter delivers his verdict on the gold market for the first half of 2014, analyzes Janet Yellen’s performance so far as Fed Chair, and makes some contrarian forecasts for the rest of the year. Full Story
Looks like certain members of the Fed Open Market Committee would like to avoid the embarrassment of failing to inform the public that certain markets are not a one-way street to financial nirvana — one of the positive residual effects of the 2008 meltdown and the almost universal mantra “we didn’t see it coming.” Full Story
Those familiar with Jesse Livermore and the book Reminiscences of a Stock Operator know who Old Turkey is. He was Mr. Partridge, an old trader who dispensed great wisdom in few words. Those at the office nicknamed him Turkey because of the way in which he strutted around with his chest puffed out. Livermore gleaned wisdom from Old Turkey which included the importance of never losing one’s position and placing the utmost importance on the major trend. “It’s a bull market,” he often repeated. Precious metals shares are breaking out again after a brief consolidation. It’s time to channel your inner Old Turkey, realize this is a bull market and act accordingly. Full Story
I think today’s price action marks a very important confirmation point in the precious metals stock indexes, at least for the intermediate to longer term outlook. Finally, after a year of chopping around in small up and down moves, we are starting to get some confirmation that this one year trading range is indeed a reversal pattern and not a consolidation pattern. When a big patterns like this ends is when you get the big impulse moves which is where you make the real money. Full Story
Simply put, as long as the Dollar stays under selling pressure I favor looking for gold to try to maintain an overall bullish stance. If the Dollar breaks out of its current trading range to the upside, look for gold to lose value. If the Dollar breaks out the downside, look for gold prices to increase. Full Story
Have you ever wondered what really happens behind the scenes at a rock concert? My good friend Stew is a top audio engineer—you know, the guy who wears thousand-dollar headphones and stands below the stage manning dials at rock concerts the world over. I shadowed him backstage a handful of times, and the scene was not what I thought it would be. Full Story
By: The Gold Report and Chris Mancini - 10 July, 2014
Chris Mancini, an analyst with the Gabelli Gold Fund, spends his days finding value in gold equities—and he thinks he's found a recipe for success. Take a long-term outlook, add excellent management, fold in a great project in a quality jurisdiction with low-cost minable ounces in the ground at a huge discount to the spot price—et voila! Mancini calls this "optionality" and in this interview with The Gold Report he says that equities with optionality will not only survive the downturn but also provide excellent leverage to an inevitable upward move in the gold price. Full Story
Although August Gold’s price action has somewhat altered my rally target, conditions in September Silver are unchanged. To wit, a push through the midpoint Hidden Pivot at 21.370 would portend minimum short-term upside thereafter to 22.110. Traders should take note of the fact that Wednesday’s high at 21.285 exceeded an external peak made a week ago by a single tick. This implies that the pullback since then is corrective and that it can be bought when the uptrend resumes. Full Story
We’re into the doldrums but, even so, the Venture has managed to climb past its May high and the March high is in sight. I consider that the last hurdle on the way to a rally that will generate the 30% gain I expect from the TSXV. We are about to enter the period of strong positive seasonality for gold prices and traders are warming to base metals again. Add that all together and you have the makings of a rally, even during the dog days of summer. Full Story
Topics: Are the Gold & Silver bull markets coming back? How to profit from the coming stampede into mining stocks. How gold is playing its part in global monetary shifts. Plus much more including your questions! Full Story
I think that the Metals and Miners Bull Market has just began and we are very close to the point of recognition of a new bull market which should give us an idea of what to expect going forward. As we have already seen in the past the first phase of a bull market is frustrating as many investors usually lose their positions too early and are therefore often left behind. This is how bull market works. Charts are telling me that Metals and Miners are on the verge of a massive breakout which could be the point of recognition of a new cyclical bull market. Full Story
The London bullion market is an over-the-counter unregulated market and has had this status since the mid-1980s. The disadvantage of an OTC market being unregulated is that change often ends up being driven by a cartel of members promoting their own vested interests. Sadly, this has meant London has not kept pace with developments in market standards elsewhere. Full Story
Perhaps it is at turning points when the current COT positioning becomes counterintuitive. For example, notice in the graph below that even with the huge additions to net long positioning (+87,900 contracts in 3 COT reports as gold rose $67 from $1259 to $1326), Managed Money traders have only just now returned to what used to be a low level of net longs for gold in the 125,000-lot level. See the chart below for a “visual” on that notion. It will be interesting to see if gold reacts to the upside despite the large net long additions. Won’t it? Full Story
The US is gearing up for mid-term elections this November 4—so much so that Rolling Stone announced the relaunch of the “Rock the Vote” campaign last month (according to one of the younger members of my team). And just like clockwork, minimum wage is making headlines again too. It’s déjà vu all over again. Full Story
We all know the S&P 500 Index has been on a 5+ year rally to all-time highs – thanks to ultra-low interest rates and the levitating wonder of “printing money” via QE – Quantitative Easing. Examine the following chart of the S&P for the past 20 years. Full Story
Recent liquidity flows on the COMEX suggest the gold market may need to retrace some of the recent gains, before moving higher. This snapshot of yesterday’s COT report for gold shows the powerful commercial traders (often referred to as “banksters” in the gold community) selling a lot of long positions and adding short positions. This is the second week in a row that the COT report has shown this type of “bearish” liquidity flows. Full Story
Believe it or not, we are finally witnessing a true monetary revolution. Unfortunately it is not the one that gold bugs have long waited for. Quite the opposite. We have the so called “monetary cranks” governing one of the most important central banks in the world. People who set the interest rates not at very low, not even at zero, not even at negative real interest rates, but at negative nominal interest rates. Hold your horses and constrain your joy – this does not concern the interest rate on your loan. It is the interest rate for the deposit facility at the central bank. Full Story
One has to wonder… just how high are real costs that a food company substitutes wood pulp for meat? One also has to wonder… just how accurate is the CPI or any government inflation metric that looks primarily at nominal pricing? The simple answer to that one is “not accurate at all.” Inflation is a reality. Firms around the world are doing whatever they can to maintain profits while keeping costs low. Using wood pulp instead of meat in burgers is just one more trick. Full Story
What do corporate CEOs and Boards know which everyone is missing and that is driving them to executing corporate buybacks approximating $2 Trillion over 24 months? The answer is a free tax ride thanks to the Macroprudential Strategy of the Fed's ongoing game of Financial Repression. A game which may be quickly getting out of control! Full Story
On May 30, 2014, in a talk at the Federal Reserve Bank of Cleveland’s conference on ‘Inflation, Monetary Policy and the Public’, Michael F. Bryan, Vice President and Senior Economist of the Federal Reserve Bank of Atlanta, shed light on how the Fed distorts the rate of inflation; a process that actually began shortly after gold was removed from the international monetary system in 1971. Full Story
Today the World Gold Council has convened a meeting of industry participants and experts to discuss a replacement of the 100-year old gold fix that is being investigated City regulators who have already fined Barclays Bank 26 million pounds for abusing the system. The fix has understandably become unpopular with the fixers. Deutsche Bank resigned in April leaving Barclays, Bank of Nova Scotia, HSBC and Societe Generale running the show. Full Story
Forex traders are seeing usually hyperactive currency pairs quieten down. Equities markets have stabilized and are growing, but with seemingly little reason for a change of behaviour. In commodities, a period of increased global instability has not yet translated fully onto the markets. Full Story
By: The Gold Report and David H. Smith - 7 July, 2014
Precious metals investors have endured much hardship during the recent bear market but David H. Smith, senior analyst with David Morgan's The Morgan Report, believes that another secular bull market in precious metals is already underway. In this interview with The Gold Report, Smith says that platinum group metals will lead the resurgence and have a favorable long-term risk/reward ratio. Full Story
An important principle of our investment process at U.S. Global Investors is a belief that government policies are a precursor to change. As a result, we closely monitor the fiscal, monetary and other impactful governmental policies of the world’s largest countries, both in terms of economic stature and population. We’re always listening for the proverbial shot heard around the world. As we celebrated America’s Independence Day over the weekend, this belief rings especially true. Full Story
As usual, Danzel Washington (and Tony Scott) did a great job on the movie Unstoppable, an action-thriller that depicts just how fast things can get out of control when big and powerful things gain momentum. In this case we are talking about a train, however the same dynamic of course applies to the entirety of the physical world – including those created by the human experience. Extreme mass is difficult to stop in any dimension governed by the laws of physics (especially gravity), including the financial markets believe it or not. The stock market, debt markets, commodities, etc. – they have all grown into large masses because of all the money printing and monetization – and the momentum in this regard appears unstoppable. Full Story
“America is a marvelous idea, a unique idea, fantastic idea. I’m extremely pro-American. But America has ceased to exist,” says Doug Casey. Watch him in this fascinating interview with Reason TV’s Nick Gillespie discuss the political, social, and economic challenges the US must conquer as well as lessons we can learn from failed states. Full Story
This time, there is no middle man. The Fed is more honest about its inflation as it expands its own balance sheet for all to see. And yes, the balance sheet is still expanding albeit at a tapered pace. Add in Zero Interest Rate Policy (ZIRP-Infinity?) and the Bernanke Fed has been celebrated as heroic because the majority perceive that they successfully did what they had to do to save the financial system. Full Story
This is the sort of investment play that the hedge funds really like: heads you win and tails you also win. Gold and silver are entering a win-win investment scenario. This is a true hedge. If the Fed succeeds in creating inflation, and recent rises in food and housing costs suggest money printing is finally feeding through to CPI, then gold and silver are the natural hedges against inflation and will rise in price as investors finally get it. Full Story
I worked some numbers over the weekend in order to refine my forecast for Fed policy. One prediction that has stood the test of time is that any real tightening by the central bank is as likely as a Martian invasion. Turns out that when you crunch the latest data available, a Martian invasion winds up being 1.835 times as likely as any Fed tightening now or in the future. The formula I used to handicap this bet is proprietary and somewhat esoteric, so I won’t go into it here. But the bottom line is this: Anyone who believes that deliberate tightening is even remotely possible, let alone likely, is delusional. Full Story
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank. Full Story
The term “smackdown” was first used by professional wrestler Dwayne Johnson (AKA The Rock) in 1997. Ten years later its use had become so ubiquitous that Merriam-Webster felt compelled to add it to their lexicon. It may be Dwayne Johnson’s enduring contribution to Western civilization, notwithstanding and apart from his roles in The Fast and The Furious movie series. All that said, it is quite the useful word for talking about confrontations that are more for show than actual physical altercations. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 6 July, 2014
That's why the increasing divergences in traditional economic relationships may foretell only more central bank interventions and why the outcome may not be market crashes at all but rather more of what has already happened: the destruction of markets and, with that, the destruction of democracy and the end of the progress that markets and democracy have accomplished for civilization. Full Story
Behind the optimistic headline news on jobs is the far more sobering fact that the United States lost 523,000 full-time jobs in June, the most in 20 years. This was offset by a gain of 799,000 part-time jobs. No prizes for guessing why average wages have not risen much. This is fully consistent with the 2.9 per cent slump in GDP in the first quarter as firms move to more flexible and less expensive labour. Full Story
Pick your poison for knowing what news is impacting gold and silver these days. Both have been in year-long TRs, [Trading Range], within a broader down trend context. That may be in the process of changing, but change takes time to turn a trend. From our limited point of view, the list of events that are impacting the suppression of gold and silver all revolve around the NWO [self] destruction of the petrodollar, that fiat Federal Reserve Note, commonly [mis]called the “dollar,” and soon to lose its status as the world’s reserve currency. Full Story
We had a nice relatively quiet but solid week for markets and stocks for the most part which is nice to see. You just never really know what a holiday week will bring but this one was good. We didn’t see a lot of large moves but leading stocks did hold up very well and are set to move higher in the week ahead, finally. Full Story
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