By: Cambridge House International - 13 January, 2017
Highlights at the conference will be a fire-side chat with mining billionaire, Frank Giustra, Morning Star's #1 rated gold fund manager, Frank Holmes, several live-on stage "CEO grillings" hosted by Katusa Research founder and CEO, Marin Katusa, and a Roast of legendary investor, author and mining newsletter writer, Doug Casey. Full Story
How low and how high will the price of silver range on the PAPER markets during 2017? Knowing the influence central bankers, politicians, HFT algos, bullion banks and JPMorgan exercise over increasingly managed markets … it is impossible to answer the question, and it is probably the wrong question to ask. Full Story
By: Adam Hamilton, Zeal Intelligence - 13 January, 2017
Gold has hit the ground running in this young new year, a stark contrast to its brutal post-election selloff. Rather remarkably, these strong recent gains accrued despite literally zero buying from one of gold’s most-important constituencies. The American stock investors who almost single-handedly fueled gold’s strong bull market last year are still missing in action since the election. That means big gold buying is still coming. Full Story
Gold is a consistent measuring stick. An ounce of gold today is the same as an ounce 100 years ago. Like a meter, yard, liter or pint, an ounce or a gram of gold are units of measurement that do not change over time, in contrast to national currency ‘measuring units’ like the dollar and the others, all of which devalue over time. What’s more, gold preserves purchasing power over long periods of time,[2] but using gold introduces a complication. Full Story
Deepcaster has, from its founding ten years ago, aimed to provide Investors Truth about the Economy and Markets so far as we could determine it. Not an easy job given the deluge of Bogus Official Numbers and Mainstream Media Spin or outright distortion or Censorship. Fortunately, there are Alternative Sources of Accurate Information. Full Story
When you think about it, everything comes down to perception. Alter the angle of the observation slightly, and you modify the perception. What appears bullish to one could be viewed as an extremely bearish development by another. When it comes to investing the goal should be to determine what view the masses hold whether it is valid or not is irrelevant for the difference between a truth and deception comes down to perception also. If the masses are leaning strongly towards a particular outlook, history indicates that taking a contrary position usually pays off. Full Story
Predicting, especially the future, is very difficult. Still, let’s try to figure out what investors should expect from the gold market next year. For sure, in the long run, the price of gold will mainly depend on the U.S. dollar, the real interest rates, and the market uncertainty. How will these factors develop and affect the gold market? Full Story
By: Rory Hall and Dave Kranzler - 13 January, 2017
The HUI index has bounced 21% since December 15th. It’s important to keep in mind that the precious metals sector tends to be very volatile. Yes, it’s pulled back 43% from its August 4th high of 284, but at that point it had been up 184% from January 19th low close. This type of volatility is characteristic of the sector and 40% pullbacks after triple-digit moves up have been not uncommon occurrences over the last 15 years. Full Story
If you thought the pace of the head-spinning political events of the last two months couldn’t get any faster, think again. One of the most critical decisions of President-Elect Trump’s reign will soon be decided. The final verdict will have a direct impact on the direction of stocks, gold, and the economy in the months to come. Full Story
Disclosures in the monthly statements of account published by the Bank for International Settlements since March 2016 indicate that in the last nine months of 2016 the bank increased substantially its use of gold swaps. There is not enough information in the monthly reports to calculate the exact amount of swaps, but based on the information in the BIS' December 2016 statement of account, the bank's gold swaps likely stood in excess of 480 tonnes as of the end of the calendar year. Full Story
Peter Eliades of Stockmarket Cycles, returns with a warning for US equities investors. Despite the recent advance, his technical cycles work predicts a possible market peak. If the advance / decline line fails to confirm a retest of the zenith, a decade long stock bear could emerge from the 8 year slumber. A key component of his analysis includes his three decade cycle that seems to confirm his equities market top thesis. Peter Eliades notes in a recent interview that gold represents real wealth. Full Story
By: Rick Ackerman, Rick’s Picks - 12 January, 2017
Gold’s robust rally paused for just long enough on Wednesday to discourage bulls — including your editor, who had advised a long position in GDX with a stop-loss far more generous than is typical for a Rick’s Picks trade. Unfortunately, it wasn’t generous enough to weather the gratuitous swoon shown in the chart (see inset), although it did leave the 1210.50 rally target we’d been using intact. I’ve lowered the target slightly, to 1209.80, to conform to a ‘one-off’ low at 1147.20 that looks likely to produce a more accurate short-term top. Full Story
Now that another New Year is upon us, it’s time to reflect on what the coming months might unfold. Normally when market analysts try their hand at predicting the year ahead it involves either wild guessing or linear extrapolation based on prevailing trends. I tend to eschew both methods and instead focus on comparing past events in comparable time frames. This method is based on something known as Kress cycle “echo” analysis and was pioneered by my late mentor, Samuel J. Kress. Full Story
The stock market shot up like a Roman candle for idiotic reasons after the election. The candle may have reached its apex when the Dow hit 19,999.67 last week. As I stated in my Short Seller’s Journal, I was “stunned that bank traders were unable to push the index up to the holy grail number of 20,000. Of course, in and of itself, the “Dow 20k” watch was moronic. Thirty stocks do not an economic system make. Sorry Fox, CNBC, Bloomberg, CNN etc. Full Story
According to economist Dr. Laurence Kotlikoff, the nation is facing runaway prices, that could send the PMs skyward. With over 200 trillion dollars in total debt, more than twice that of bankrupt Detroit - policymakers may find salvaging the system challenging. His new FREE book: You're Hired! illustrates how the working / middle class are trapped in an impossible welfare system. Full Story
So, for now, I will continue to watch the silver and GDX charts quite intently, since they respectively present the most bullish and potentially bearish patterns in the complex. Should silver be able to make a higher high early in the coming week before breaking back below 15.85, then it will add to the bullish potential in the overall complex. And, if the GDX is able to rally over 23.35, with follow through over 24, that would put an even more bullish spin on the complex, and you can move your stops on longs to just under 23 at that time. A further move through the 1.00 extension off the lows of 24.50 should have us on target to head to the 28-30 region for wave 1 of iii. Full Story
By: Steve St. Angelo, SRSrocco Report - 11 January, 2017
The profit margin trend at the world’s largest primary silver mining company has experienced a rapid decline over the past several years. Fresnillo PLC in Mexico, is the largest primary silver mining company in the world. Last year, Fresnillo PLC produced 47 million of silver and 762,000 oz of gold. For all their hard work, Fresnillo’s profit margin versus its cost of sales fell to an all-time low of 7% in 2015. This can most certainly be blamed on market intervention, which I will discuss in more detail in upcoming articles. Full Story
By: Rick Ackerman, Rick's Picks - 11 January, 2017
Subscribers are long 400 shares from 22.61, stop 22.01, based on a real-time guidance for a ‘mechanical’ entry that was posted to chat room Scoreboard at 11:21 a.m. GDX, an ETF proxy for the gold mining sector, is having trouble getting airborne, but if the buying should catch fire, it has the potential to reach 24.58 (see inset) over the near term. For now, I’d suggest entering an order to sell half the position at p=23.30, the pattern’s ‘midpoint Hidden Pivot’ resistance. Full Story
Major U.S. and international banks cheat their customers and rig markets. Revelations have been piling up since the 2008 financial crisis. Hundreds of billions have been paid in fines, penalties, and settlements. The fraud, price manipulation, lying, and theft – once considered conspiracy theories – are now incontrovertible conspiracy facts. Full Story
The last two bear markets in US stocks were deflation-oriented. The next one is likely to be inflation-themed, and could feature the US dollar and gold soaring higher at the same time. Chinese producer price inflation is suddenly growing at the fastest pace in five years, and it will soon be exported to America. Full Story
I find it to be mind-blowing when financial advisors and stock market gurus get in bubblevision or write Seeking Alpha articles and assert that the stock market is good “relative” value right now. They are either dishonest, unethical or just stupid. Likely a combination of all three in varying degrees. Full Story
By: Steve St. Angelo, SRSrocco Report - 10 January, 2017
The U.S. will never go back on a gold standard. The notion that a U.S. Dollar backed by gold would solve our financial problems is pure folly. Why? Because, if the U.S. Empire didn’t abandon the gold standard in 1971, it would have collapsed decades ago. Unfortunately, some of the top experts in the precious metals community continue to suggest that revaluing gold much higher, to say…. $15,000-$50,000 an ounce, would bring confidence back into the Dollar. Not only will this not happen, it wouldn’t save the Dollar even if it did. Full Story
It’s a common misconception that the world’s major central banks and monetary authorities own large quantities of gold bars. Most of them do not. Instead, this gold is owned by the sovereign states that have entrusted it to the respective nation’s central bank, and the central banks are merely acting as guardians of the gold. Tracing the ownership question a step further, what are sovereign states? Full Story
You could say gold miners struck gold in 2016. The group, as measured by the NYSE Arca Gold Miners Index, finished the year up an amazing 55 percent, handily beating all other asset classes shown below. Miners were followed by commodities at 25 percent and silver at 15 percent. Gold finished up 8.6 percent, its first positive year since 2012, when it gained 7.1 percent. (Keep your eyes peeled for our forthcoming annual periodic table of commodity returns, one of our perennially popular pieces!) Full Story
Meanwhile, as everyone is crowding into an already overcrowded $USD Dollar trade, Gold has broken out of its downtrend. Not only that, but it’s broken above key resistance. This asset class is absolutely HATED. Investors have been pulling BILLIONS out of Gold based ETFs. And it is the single least liked asset class for the entire investment advisor community. Full Story
At the risk of sounding defensive, I wish to address a recent letter we received through our Free E-Letter Service. This letter was addressed to me on January 4, 2017. From my perspective it seems that this was someone who was unwilling to take responsibility for their own actions. It is my considered opinion that many people have been taught a victim mentality, which means they have little to no control over their own lives and everything that “happens” to them is because of something beyond their control. Here is the letter… Full Story
Go through the late 2015/early 2016 articles published on this and similar sites and you’ll find a consensus that 2016 was going to be a really bad year. Corporate profits were falling, business inventories had spiked, and deflation was deepening in Japan and Europe. See More Ominous Charts For 2016 for a longer list of indicators that seemed, a year ago, to portend imminent recession if not full-blown financial crisis. Full Story
Palladium is starting this year as the best performer among the precious metals, heading for its biggest gain since March, reports Bloomberg. The metal rose 11.17 percent for the week on bets that carmaker demand will grow following positive U.S. and Chinese manufacturing data. Pollution control in China remains a problem, but in the U.S. some auto manufacturers are going to idle some auto plant capacity as dealer inventories are too high. Full Story
Why is Bitcoin going through the roof? Some would have you believe it’s solely because of Yuan depreciation risk, with most of the buying coming out of China. This is certainly a factor, and likely chief trigger of the present melt-up, however this is not the entire reason. Others would be quick to add it’s the scarcity factor (only 21 million units in circulation) and the ‘check’ blockchain technology provides. Full Story
By: Mike Gleason and Frank Holmes - 9 January, 2017
We are fortunate today to be joined by Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Just recently Mr. Holmes received another award from the Mining Journal and was named America's Best Fund Manager for 2016, one of many awards he's received now in the mining industry for his fantastic track record. He is also the co-author of the book The Gold Watcher: Demystifying Gold Investing and is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals Podcast. Full Story
Although we expected a rally in the gold mining sector, we have been surprised by its strength and recent buying pressure. From the lowest ticks, Gold has rallied less than 6% but GDX has gained 25% and GDXJ has soared 36%. This rebound adds to the evidence that the gold stocks are leading the metal. That being said, the gold stocks are approaching some strong resistance levels which coincide with Trump’s election victory. Full Story
One might think that all our newfangled technology would make forecasting the future a little easier. I read just last week that scientists have devised electrical wires only three atoms thick. Imagine how powerful a computer chip made with that wiring will be. Yet all our computing horsepower still can’t predict worth a darn what Washington or Wall Street will do to us this year. In fact, there is convincing evidence is that every model that forecasters us is really bad at forecasting, beyond giving us a vague sense of direction. Full Story
This week was another short week, due to the New Year holiday. We look forward to getting back to our regularly scheduled market action. The prices of both metals moved up again this week. Something very noticeable is occurring in the supply and demand fundamentals. We will give an update on that, but first, here’s the graph of the metals’ prices. Full Story
Is it possible that wage inflation is re-emerging in the U.S. after a 35-year hiatus? That’s what the experts seem to believe, but there are good reasons to think they will be wrong. Consider the substantial pay increase that minimum-wage workers received in many cities and states where this issue was on the ballot in November. In theory, they will have more money to spend, and this will push the prices of goods and services higher. Full Story
At the helm of the Trends Research Institute, Gerald Celente returns with holiday spirit still intact. He's concerned by terms like "Nationalism / Populism" that discredit what the PTB are attempting to hide: global contempt for a broken system. Peter Grandich of Peter Grandich and Company says the recent correction has cleared the skittish, speculative crowd, presenting a valuation opportunity. In 2016, the PM sector performed solidly - silver added 14%, gold 10% and the XAU gold / silver shares advanced over 63%. Full Story
The gold price was under a bit of selling pressure during the Far East trading session on Friday. That lasted until the London open — and then it rallied back towards unchanged. That rally, such as it was, got cut off at the knees at precisely 11:00 a.m. GMT in London. From there it chopped lower until the low tick of the day was placed around 2 p.m. EST in the thinly-traded after-hours market in New York. It inched quietly higher from there into the close. Full Story
Whether the conversations are with dullards or stubborn types, maybe educated and formerly successful types, maybe those who are stuck in the paper world of shuffled investments of seemingly no basis, it is of no matter. The battle has been for a few years to convince those around us that a deep contracted crisis is underway. The battle has been to convince that a paradigm shift is in progress. The battle to convince family, friends, colleagues, neighbors, and acquaintances that the financial and economic system is facing a profound risk of total breakdown has been difficult. Full Story
While economics is a science and should be treated as such, economic forecasting is both a science and an art at the same time. However, anyone can forecast. Just like anyone can forecast the weather. To do so accurately and furthermore to do so frequently is a true talent. We think of it along the lines of the ability to hit a major league fastball; a gift granted to maybe 1 in 500 or a thousand babies each year. Then add to that the ability to hit a major league fastball for an average of .300 over an entire career and we’re talking a few babies in an entire generation. Full Story
Problems in China are looming on top of an already very tenuous and misunderstood situation in the US Financial Markets. Additionally, Federal Reserve Policy has made the situation even more combustible! As a result of a Trump Victory inspired bond market massacre there are now few places that a yield starved world can presently find better risk-adjusted yields than in US Treasuries. With China now being forced to sell their FX Reserves and thereby creating the much needed supply so eagerly craved by foreign investors, it is also further depleting an already restricted EuroDollar pool required to buy this supply. There are consequences of this combination of shifting global parameters. Full Story
Since every penny of that new debt was presumably spent, it should come as no surprise that the latest batch of headline growth numbers have been impressive. Which is the basic problem with debt-driven growth: The good stuff happens right away while the bad stuff evolves over time – in the form of higher interest costs that depress future growth – making it hard to figure out what caused what. Full Story
Gold gained a respectable 1.88% this past week and is coming off lows, but as I mentioned, I remain sceptical. Solid action though since moving past $1,160 but gold is backing off the major $1,180 pivot area for now. I’d really need to see a nice move past $1,180 then acceleration and strong volume on a move past $1,200 to get me excited, and this would have to continue into the Chinese New Year which begins on January 27th. Full Story
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