For many of us it's been a rough few years. We have endured disturbing social and political changes which too often have been beyond our individual control. Some rough years still ahead may bring personal demands we haven't yet imagined. How we handle those challenges will depend on our ability to think and act independently -- and our appreciation of personal responsibility. Full Story
By: Donald G. M. Coxe, Chairman, Coxe Advisors LLC. - 12 September, 2014
Is the post-Cold War global boom over? Since the fall of Bolshevism, the world has seen remarkably sustained growth in international cooperation, brought about by freer trade and new technologies. Financial assets have generally performed well, increasing prosperity across most of the world. There were just two major interruptions—the tech crash in 2000, and the financial crash in 2008. Full Story
Disregard disease (Ebola), rising sea levels, simmering religious tensions, the potential for wars over resources. Disregard financial calamity, malfunctioning governments and lying sleazebag politicians leading us down the garden path. Is Europe going to be Balkanized? Is it to be inflation, disinflation, deflation or stagflation? Full Story
By: Adam Hamilton, Zeal Intelligence - 12 September, 2014
Gold and silver have been pounded lower over the past month, contrary to their bullish seasonals. This selling pressure has come from the usual suspects, American futures speculators. They’ve been busy aggressively dumping gold and silver futures, particularly on the short side. But each time they pressed this bet in the past 15 months, gold soon surged higher. Shorts are bullish since they must soon be covered. Full Story
While some of these types of posts make valid points on both technical and fundamental levels, writing about silver falling to $6 is alarmist by any interpretation. These posts also help to highlight the extreme bearish sentiment that is pervasive after such a grueling decline in precious metals. The fact remains that human beings have an overwhelming tendency to become alarmist and panic near price bottoms. Full Story
After bottoming out in 2012, America’s housing market has climbed to a 6-year high and it is probable that the 2006-record will be surpassed within the next 2-3 years. You will recall that we first turned positive about America’s housing market two years ago and at that time, we forecasted a multi-year upswing. Fast forward to today and property prices have already risen over the past couple of years and we expect them to appreciate for at least another 2-3 years. Full Story
By: Dan Popescu and Gary Christenson - 12 September, 2014
- Influence of geopolitics on gold - Gold prices in 3 waves 1971 – 2014 - Is gold in a correction? - The US gold in Fort Knox is secure, gone or irrelevant? - Is gold related to a collapse of the US dollar? Full Story
Tech sites are buzzing right now about the new Apple smartwatch and iPhone. Having been a part of or close to the tech industry for a long time, the excitement that builds over new products doesn’t normally move me much. This time, though, it’s a little different because of reports that the phone and watch will be integrated to support healthcare apps. Full Story
The James Turk Fear Index has always been interesting www.fgmr.com. It is an easy concept. The Turk Fear Index is a measurement of gold’s relative value in relation to currency. The Turk Fear Index centres on the US by comparing gold’s value to money but a fear index could be calculated for any country and any currency and for that matter the world as well. The US being the world’s largest economy is most likely a good indicator for the rest of the world. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 11 September, 2014
Last weekend several polls emerged that shockingly forecast Scottish independence from Great Britain is within the realm of political possibilities. Although the September 18th vote had worried a number of people, the evenly split polling results burst upon the world like a thunderbolt, perhaps shattering the image of a steady, genial and conservative Britain. But the ramifications of Scottish independence go far beyond national pride and historical score settling. Watchers of the global economy should be aware of the potentially serious follow-on results. Full Story
By: Ira Epstein, The Linn Group - 11 September, 2014
For a number of months I’ve been telling you that the next catalyst for gold was the combination of a rising US Dollar and rising US interest rates. It’s a fate de complete concerning the rising Dollar against most world currencies. As for US interest rates, very quietly if you’re not watching the markets as I do, they’re slowing beginning to rise. Full Story
Well, well, well, it has finally arrived! The New York times printed an Op-Ed piece by Jared Bernstein, former economic advisor to Joe Biden and part of the economic team for the White House from 2009-2011. In it Mr. Bernstein floats the trial balloon filled with highly flammable gas which suggests the U.S. should "voluntarily" give up the throne of issuing the world's reserve currency. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 11 September, 2014
Peter answers some of the more challenging questions he has received from you, his loyal subscribers. Learn what he really thinks about gold manipulation, why Wall Street hates gold, who should buy silver instead of gold, and more! Full Story
Money can’t be this cheap forever. In other words, one of the most likely scenarios the US economy faces is rising interest rates. The current low-interest-rate climate is simply unsustainable. At some point—as it always does—the trend will turn around. We want to be prepared for that turn, and the right floating-rate fund can help. Full Story
By: Rick Ackerman, Rick's Picks - 11 September, 2014
We made a game effort to bottom-fish on Tuesday, and although the trade wasn’t a home run, it produced a profit of as much a $1000 per contract for subscribers who’d used my 1249.20 target to get long. The position was stopped out Wednesday morning when the futures relapsed to new lows, and it would now appear that a further fall to 1234.20 (see inset) is in the cards. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 10 September, 2014
Friday's release of disappointing August payroll numbers should have been a jarring wake-up call warning Wall Street that the economy has been treading on thin ice. Instead the alarm clock was stuffed under the pillow and Wall Street kept sleeping. The miss was so epic in fact (the 142,000 jobs created was almost 40% below the consensus estimate) that the top analysts on Wall Street did their best to tell us that it was all just a bad dream. Mark Zandi of Moody's reacted on Squawk Box by saying "I don't believe this data." The reliably optimistic Diane Swonk of Mesirow Financial told Reuters the report "sure looks like a fluke, not a trend". Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 10 September, 2014
Analysis by market analyst and GATA consultant Dimitri Speck shows that the platinum market is manipulated just as the gold and silver markets are, largely through futures contract sales keyed to the morning and afternoon platinum price fixings. Full Story
The U.S. economy has so far shown remarkable resilience in the face of several roadblocks year. It has shrugged off the threat of wars in Ukraine and the Middle East, has ignored the tapering of QE, and has been generally unfazed by every other obstacle in its path, whether real or imagined. Now, however, another threat looms in the horizon and poses a much bigger threat than previous challenges. Full Story
You can always count on the United States of America to help boost global manufacturing growth. In its monthly Purchasing Managers Index (PMI) report, JP Morgan announced that the global PMI showed a slight uptick from 52.5 in July to 52.6 in August. The U.S. is again one of the top drivers alongside the Czech Republic, Taiwan, the United Kingdom, Ireland and Canada. Full Story
China announced swap agreements with Argentina over this past weekend, they also said their mutual trade would be settled in yuan. If you recall, Argentina just recently defaulted on debt. A New York judge then ruled against Argentina's plan to hopefully restructure. This looks to me like China has ruled against the New York judge! Full Story
The bottom line is that while gold’s technical situation was compromised last week and silver is testing major support one more time (4th) than I personally find agreeable, the sentiment backdrop has become more favorable. Not shown above are the Commitments of Traders data, which improved again last week, but have room to improve further. Full Story
Is your portfolio’s fate dependent on Scotland’s? Why is it that when a place known for haggis, kilts and bagpipes indicates it might want to be independent, the markets pay attention? The usually rather boring pound sterling jumped to life in recent days, becoming one of the world’s most volatile currencies. The trigger was a poll that suggested that the pro-independence camp in Scotland might hold the upper hand in the September 18, 2014 vote. Until recently, that event risk had not been priced in. All else equal, greater volatility warrants a lower price for an instrument (a security or currency). Prudent risk management takes into account the riskiness of the instrument. Full Story
Silver.com is pleased to present a new free InfoGraphic teaching you how to avoid & detect for fake counterfeit Gold & Silver bullion products. In recent years, the production of fake silver and gold bullion products has been on the rise. At Silver.com… we want to educate the silver and gold buying community on how to avoid and detect fake bullion products. Full Story
Since my sophomore year in college what I’ve loved most is analyzing economics, finance and corporate fundamentals. The 1987 crash occurred when I was still a clueless high school senior, but by the time I started my first internship in 1989 – at Paine Webber, cold calling certificates of deposit yielding 6% – I was reading the Wall Street Journal daily and daydreaming of working at Goldman Sachs. Full Story
Last week I wrote about the historic correlation between the month of September and the strength of gold. Now it appears that this September might be shaping up as one not to remember but forget. Based on data reaching back to 1969, gold rises 2.1 percent on average in September. Ten days into this year’s month, however, the precious metal has lost 2.6 percent, slipping from $1,288 to $1,254. Full Story
In a renewed commitment to finally learn Spanish, one of my colleagues spent quite a bit of time this week awkwardly saying, “Qué es eso?” into the headset Rosetta Stone provides with its language learning programs. Translation: “What’s that?” Full Story
The QE program created substantial hedge fund interest in gold-related ETFs. Unfortunately, QE never created the inflation the funds had anticipated. That’s because commercial banks held the QE money they received, “tight to the chest”, rather than loaning it to businesses and consumers. In a nutshell, by enlarging the money supply while GDP was falling, the Fed created deflation. Full Story
The difference is easily discerned. So far this is an inverse head and shoulders formation and not a descending triangle that appeared in the late 90’s. While the number of bulls in the precious metals could probably fill the diner down the street, these charts should give bears pause. A flat bottomed descending triangle that breaks the “wrong” way could cause massive short covering. Full Story
The gold chart shows 20 years of prices with blue vertical lines every 56 months. Note the lows in 1999, 2004, 2008, and 2013. Gold appears to have made a long term low in 2013 – 2014 and has built a base from which another rally should appear. The MACD and TDI indicators are oversold and indicate strong rally potential. Further, my long-term empirical gold model indicates that current gold prices are too low by about 20%, which will provide a “tail-wind” for gold prices over the next several years, independent of massive QE, more wars, dollar weakness, and economic slumps that create even more unpayable debt. Full Story
The sanction game of the West versus Russia is taking another notch upwards. Europe is rumored to announce soon what few believed they would, they are placing sanctions on Russian energy firms Gazprom, Rosneft and Transneft. I am personally quite surprised Europe would go this far. What surprises me is their lack of future view. Any "thinking" person would look into the future and say "OK, if we do this then what will Russia's response be"? The response is beyond obvious because Europe is a captive energy customer. Russia can increase prices if they wish or simply cut back or cutoff the supply entirely. For the immediate future, Europe has no alternative whatsoever. Full Story
Only fools and the ideologically impaired believe that today’s capital markets are free. In free markets, prices are determined by supply and demand. In capital markets, supply and demand considerations are subordinated to capitalism’s increasingly dysfunctional monetary menses, i.e. credit flows, emanating from central banks. Of all markets, today’s gold markets are the least free. Full Story
I believe last week marked an important turning point for the precious metals stocks. After two months of chopping in a tight trading range GDM, which I’m going to us as a proxy for the big cap precious metals stocks, finally broke below the critical brown shaded support and resistance zone. This was a big deal for me as now all those bottoms that had been holding support should now offer important resistance on any backtest. Full Story
As investment managers, one of our most important fiduciary responsibilities is buying and selling stocks for the best possible price and execution. We do this by using the statistical strategies I’ve previously covered, from monitoring short- and long-term cycles; implementing probability models such as standard deviation, mean reversion and oscillators; and identifying the relative valuation of stock with the portfolio manager’s cube. Full Story
Gold and silver prices are being repressed by central banks, but Sprott Asset Management's Charles Oliver argues that demand pressure will cause this dam to burst sooner rather than later. As a result, he expects big increases in the prices of gold and especially silver, with a corresponding recovery of small- and mid-cap precious metal equities. In this interview with The Gold Report, Oliver discusses why the gold and silver market is poised to grow and prosper in the coming months. Full Story
In what will be our final installment together, at least for the foreseeable future, Andy and I will look at the sole largest reason for the current circumstances in which nearly the entire Western world finds itself. We end not our friendship nor our collegial working relationship, but have mutually reached the decision that these collaborations are no longer generating benefits anywhere near the expenditures required to produce them. The title of this piece explains in some degree why this is the case. We hope the rest will fill in at least some of the blanks. Full Story
NFTRH has been bullish the USD and bearish the Euro, Canada dollar and Aussie dollar for quite some time now, most often using this simple weekly chart of various currencies. Months ago we noted USD creeping out of its downtrend (green dotted line) and the Euro falling out of its wedge (red dotted line). Back then, sentiment toward the USD was far different than it is today. So this week the Currency segment included some thoughts (and data) on USD and Euro sentiment as well. Full Story
Rajwant Kang, the Chief Financial Officer of Kootenay Silver Inc. chats with Cambridge House Live anchor Vanessa Collette about a wide range of issues, including his company's ongoing efforts in Mexico and why he's so excited about what they're doing. Great information for serious investors. Full Story
Catalin Chiloflischi, President/CEO/Director of Santa Fe Gold, chats with Cambridge House Live anchor Vanessa Collette at the Sprott Natural Resource Symposium about exciting, new developments that are giving Santa Fe Gold an excellent outlook moving forward. Solid information for resource investors here! Full Story
One time when I was in Burma (now Myanmar), I spent a couple of days riding around the forest by elephant back. Elephants are a fine thing to have in the forest but, believe it or not, you have one living in your house with you. And you should do something about it now, before your house is wrecked and you and your family get stomped in the process. Full Story
Looked at in the appropriate light, the world has embraced the essence of the movie Videodrome in many respects since its release in 1983, with a hollowing out of our morality (corresponding to the economy), Orwellian mind control, and living televisions perhaps the most salient parallels. Well, at least it seems like the televisions are alive – and they certainly control how most people think these days. Full Story
NIRP, "negative interest rate policy", what an interesting concept this is. Last week the ECB announced a 10 basis point "cut" in their deposit rates for banks who hold balances at the ECB. The lowered rate now makes the rate a negative .20%. Let's take a look at this from a few different viewpoints to see exactly how humorous and ridiculous this is. Full Story
If the wide, wide world of investing doesn’t seem a little strange to you these days, it can only be because you’re not paying attention. If you’re paying attention, strange really isn’t the word you’re probably using in your day-to-day investing conversations; it may be more like weird or bizarre. It increasingly feels like we’re living in the world dreamed up by the creators of DC Comics back in the 1960s, called Bizarro World. In popular culture "Bizarro World" has come to mean a situation or setting that is weirdly inverted or opposite from expectations. Full Story
Even rigged markets are entitled to a little rest now and then, wouldn’t you say? If so, they passed up the opportunity to do so on Friday ahead of a three-day holiday weekend. Instead, while nearly everyone in America was fixing to usher out summer in whatever way might retain its savor best , stocks were ratcheting higher with a cheerless determination that was about as laid back as a buzz saw. You can see this in the chart below. Full Story
If you want to know why your holdings of physical gold and silver have remained under suppression, it is because both are anathema to paper fiat currencies, and the ones who are in control, the moneychangers, will not tolerate competition against their fiat Ponzi monopoly scheme. Not until the elite bankers lose control of the fiat US "dollar" can you expect to see dramatic price increases for gold and silver, irrespective of any and all fundamentals and more widely recognized efforts of manipulation. Full Story
Although you wouldn’t know it by looking at the NASDAQ, this year has been a tough one for many investors. The relative lack of volatility, combined with the underperformance of small cap stocks, has kept many portfolios unchanged for the year to date. To give you an idea of what 2014 has been like for some investors, checkout the following graph of the Russell 2000 Small Cap Index (RUT). Clearly, the lateral trading range action of small cap stocks, which comprise a substantial portion of many portfolios, has been a frustrating experience. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 7 September, 2014
Tonight Zero Hedge discloses another smoking gun -- another filing by CME Group, this one with the U.S. Securities and Exchange Commission, CME Group's "10K" statement for 2014. On Page 9 of the statement CME Group says: "Our customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers, governments, and central banks." Full Story
Even though gold didn’t react strongly to Mario Draghi’s comments, a lot happened in the precious metals market yesterday. We finally saw a breakdown in mining stocks and we saw an extreme daily rally in the USD Index. As you know, the USD Index very often triggers significant moves in gold. Even though the last 2 days didn’t bring any changes, the situation has just become very tense for the precious metals investors and traders. What are the implications for your precious metals investments and trades? Full Story
A bit of a slow week for stocks that may be needing a rest now after a strong August. Summer is usually a weaker period for stocks with lighter volume but August was strong on lighter volume this year. A choppy September would set us up well for a run into the end of the year starting in early November and we are on track for that at the moment. Full Story
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