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11.20.18- Majority Of Silver Miners Sustaining Cost Significantly Higher Than Market Price
Only one silver mining company out of the group posted a profit of $6.8 million for the quarter, and that was Fortuna Silver Mines. The biggest loser was Coeur Mining which suffered a $53 million loss for the period. Even the largest silver miner in the group, Pan American Silver, reported a surprise loss of $9 million Q3 2018. Read More |
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11.19.18- China’s monetary policy must change
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11.17.18- Gold Re-Monetization Is Much Closer Than Many Realize
This is very true for gold. Gold was formally de-monetized in 1978 with the Jamaica Accord. It is now being re-monetized. This paper aims to answer the questions of how and why. Read More |
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11.16.18- JP Morgan Silver Web Unweaving
– Ted Butler / November 10, 2018 On the heels of the US Department of Justice‘s commodity fraud and conspiracy guilty plea by a former 13-year JP Morgan silver and other precious metal derivative trader ( now a self-admitted spoofer ). Read More |
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11.15.18- This precious metal has almost NEVER been so cheap
The air is just starting to be let out of the 10-year “everything bull market” caused by a decade of ultra-low interest rates and the Fed printing trillions of dollars. I don’t know if the volatility we’re seeing today is just a blip or the start of a much larger correction. But I do know we’re closer to the end of this cycle than the beginning. And a correction is due. Read More |
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11.14.18- Silver Could Surprise With New Strength By Year-End
Analyst: Silver will show strength before the end of the year After a middling October, Kitco reports that silver has spent the first week of November catching up with gold and now looks ready to stage its own upturn. A recent analysis by Metal Bulletin’s Boris Mikanikrezai asserts that silver could surprise investors towards year-end due to the favorable gold/silver ratio. Read More |
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11.13.18- The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?
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11.12.18- The End Of The 'Nanny State' & What Happens To 'Prices' When Gold Is Money
It is hard to think of a life without Nanny State giving us her money-tokens to buy our sweets, telling us what to eat and what medicine to take. But Nanny State is getting long in the tooth. When she was younger, she was less controlling. Her constant refusal to allow us, the ordinary people, to do what we want is a source of friction. Read More |
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11.10.18- The End of a Supercycle
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11.09.18- Silver to Gold Ratio = |
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11.08.18- This Myth About Gold Could Be Costing You Serious Money
…Specifically the idea that high rates hurt gold. That’s a myth… one that could cost you serious money in the months ahead. More on that in a second. But first, let me tell you why many investors believe high interest rates are bad for gold. It’s a simple idea. Read More |
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11.07.18- JP Morgan’s Ethereum-Based Quorum Blockchain Will Tokenise Gold Bar
The ethereum-based blockchain will afford sustainable miners the opportunity of earning a premium on the global market. In a report on popular news website Financial Review, the development was described as “an indication of new trading opportunities the disruptive technology will create over the coming decade.” Read More |
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11.06.18- 2019 to See a Rise in Gold and Silver Prices
In their latest report on commodity prices, French bank Natixis outlined why precious metals have a strong couple of years ahead of them as the U.S. economy slows. According to an article on Kitco, the report states that after a remarkable year, the dollar will finally begin to trend lower as the Fed puts the brakes on its tightening cycle. Read More |
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11.05.18- Silver, The S&P and Sanity
The S&P 500 Index has risen for over 9 years, from a low of 666 to a high of 2,940. It sits in late October at about 2,641. Massive debt increases, central bank created low interest rates, fiat currency devaluations, stock buybacks and debt based optimism fueled the rally. A correction is occurring. Read More |
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11.03.18- Infinite growth in a finite world?
It should be clear to you now, the “unwind” has begun. Jim and I tried to tell you this a couple of months back, now there is absolute evidence. Look at real estate in many parts of the world. Australia, China, London, Vancouver, New York and now even San Francisco. The most important thing to look at is “volume”, as price always follows. Read More |
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11.02.18- Silver Needs To Make A Move - A Halloween Head Fake Inspired By The Dollar
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11.01.18- A Stock Market Guy Gets It: The 10-Year Gold Bull Market…Starts Now!
“If only I could go back and invest at the start of this 10-year bull market…” It seems like every week I hear some variation of this statement. People are frustrated that they didn’t invest when the market was on sale in the wake of the financial crisis ten years ago. Read More |
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10.31.18- What Can Kill a Useless Currency
Redemptions Balanced With Deposits No national currency is gold-backed today. In a gold backed currency, each currency unit begins life with someone who chooses to deposit his gold coin in exchange for the paper currency. And it ends life with someone redeeming the paper to get back the gold coin. Read More |
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10.30.18- 2018 Marks First Annual Central Bank Gold Demand Increase in 5 Years
According to a report by Metals Focus Ltd, 2018 will mark the first annual increase in central bank gold demand in the last five years. According to a recent article on Newsmax, the consultancy projects that net purchases of gold in the official sector will rise to 450 tons before the end of the year, up from 375 tons in 2017. Read More |
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10.29.18- Precious Metals Storage at Home
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10.27.18- The biggest of big pictures
That is the purpose of this article. It can be bewildering when a casual observer tries to follow global events, something made more difficult by editorial policies at news outlets, and the commentary from most analysts, who are, frankly, ill-informed. Accordingly, this article addresses the topic that dominates our future. The most important players in the great game of geopolitics are America and China. Read More |
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10.26.18- Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply
Here is our Friday digest of the important news, commentary, charts and videos we were informed of this week. The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have seen sharp falls already this week of 4% and nearly 5% respectively. Read More |
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10.25.18- Gold’s Official Price is $42, and maybe that’s a Good Thing
"They're just trying to keep gold down," is a complaint I've heard more than a few times. But in this post I'll show that the monetary authorities have sound reasons for keeping the price of gold at $42.22. Below, I've charted out the history of the U.S.'s official gold price. As you can see, the $42.22 price has been maintained since 1973, an odd-seeming state of affairs given that gold is currently hovering at around $1225. Read More |
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10.24.18- How The Midterm Elections Might Affect Gold And Silver Prices
Let’s break down what the potential voting outcomes might mean for the factors currently driving the metals. Let’s start with the equity markets. Stocks got a boost from President Trump’s election and subsequent tax cuts. Last week, the President floated the idea of additional tax cuts and he wants to pass a major infrastructure spending bill. Read More |
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10.22.18- Inflection Point for Gold
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10.20.18- The Outlook For Gold
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10.19.18- Has China Finally Lifted Its
The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown But it’s also indicative of something that has long been suspected during this gold bear market. China doesn’t want the price of gold to rise. Those accumulating gold — China and Russia — have zero incentive to accumulate at higher prices. And the gold chart of the last three years bears out that they have had to come in at higher prices on pullbacks because market bottoms keep coming in higher and higher. Read More |
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10.18.18- The Price Of Gold Bottomed, And Silver Miners Might Offer An Epic Buy Opportunity
Precious metals were quite weak in recent months, and, as always, there was a stream of bearish news in the same month that gold and silver bottomed. That was in August of this year, and InvestingHavenrecommended readers to stay calm and focus on the leading indicators and gold’s chart suggesting a major bottom was being set. Read More |
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10.17.18- Is The Price of Silver About To Explode?
Fortunately, the exact conditions described above, as well as a unique set of events that most in the financial markets remain largely unaware of, have led to what could well be one of the most explosive (and profitable) events in financial market history. Representing a potentially life-changing opportunity to those who recognize it before it’s too late. Read More |
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10.16.18- Last Week Was Just A Taste Of The Coming Gold Short Squeeze
These are historically huge imbalances that – if the action in the paper markets still has predictive value – point to a gold short squeeze in which the speculators who are now betting that precious metals will fall are forced to cover those positions by buying, in the process sending the price up dramatically. On Thursday we got a sense of what that might look like. Stock markets around the world sold off, which sent capital scurrying for cover. Some of that capital flowed into gold, which chased futures speculators out of some of their shorts. The result was a nice pop in gold: Read More |
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10.15.18- As The Markets Sell-off The Precious Metals Rebound
However, even though we could see a late-day rally in the markets, and even higher stock indexes over the next few months, the bear market for stocks is still coming. The Dow Jones Index has now suffered two large sell-offs in the past ten months: Read More |
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10.13.18- There are three faithful friends - an old wife, an old dog, and ready money.
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10.12.18- Gold Set To Climb Over $1300? BofA Thinks So
The head of global commodities and derivatives research, Francisco Blanch has stated that gold could average $1,350 an ounce of 2019 due to the U.S fiscal balance.
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10.11.18- "Gold Is On The Cusp" Of An "Explosion Higher" As Tech "Crash Is Coming"
Few investors have a deeper understanding of the tech sector than Fred Hickey. The renowned editor of the popular investment newsletter «The High-Tech Strategist» draws alarming parallels to the bursting of the dotcom bubble in the year 2000 and spots high risks in stock market darlings like Amazon and Apple. For the industry veteran, one important reason to be concerned are rich valuations. He also sees troubles ahead with respect to the rise in interest rates and the mountain of debt around the world. Read More |
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10.10.18- What to Expect When the Democrats Lose the Midterm Elections
The Importance of Predictive Programming Anyone who follows my work, knows that I have spent significant time analyzing popular shows and movies for recurrent themes which are predictive of what is coming. Read More |
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10.09.18- Gold’s UPCOMING DECLINE Will Generate THE ENERGY For The COMING RISE
As you know, several factors could counter this trend that seems to have started, and I may be wrong. I would even say I’d be glad to be wrong. First, here is a big picture of the gold chart in US dollars, on which we can see Fibonacci fans radiating since the start of the bull market. Curiously, we can see on this chart that the bull market started in 1984. There has been an upward push of gold, along with resistance that stopped its rise five times between 1984 and 1988, and that was tested again in 2011. The other Fibonacci fans of this rise initiated in 1984, have also been usedsince then. Read More |
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10.08.18- The Toxic Stew
Of course, in hindsight, it makes sense that durable negative interest rates would lead to permanent backwardation. What use to de-carry gold—i.e. sell the metal, buy a future, and use the cash for some productive purpose—if there is no productive purpose? Read More |
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10.07.18- Prepare For A Gold And Silver Price Rally
The Daily Gold chart, below, shows our Fibonacci modeling system suggesting that $1235 to $1250 are the upside target ranges. Near these levels, we should expect some price rotation before another leg higher begins. Currently, support near $1180 is the floor in Gold. Read More |
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10.06.18- Hot Economic Warfare:
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10.05.18- The Surge Is GUARANTEED With The IMMINENT Revaluation Of Gold & Silver
So has the Silver Rocket just started? Last week I talked about the coming silver explosion and we could be seeing the beginning of it right now. I have often talked about the Gold-Silver Ratio as the key to the turn up in the precious metals. Read More |
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10.04.18- Look at how well gold has retained its value from 1,000 years ago
Rahman was just 21 when he ascended to power, and he remained there for nearly 50 years as one of the wealthiest and most powerful monarchs in Europe. Historians Denis Cardonne and Edward Gibbon calculate his annual tax revenue at 12 million gold dinars… which was a LOT. Read More |
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10.03.18- Now is the Time to Buy Gold Barron’s: Time to Buy Gold Despite persistent faith in the U.S. dollar and assurances that rate hikes will continue into 2019, gold has plenty of room to take back its losses and make new gains, reports an article on Newsmax. Barron’s contributor Andrew Bary notes that gold’s lower prices come at a time when global inflation is bound to go up as governments look to deal with mounting sovereign debt. Read More |
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10.02.18- Silver VS Gold Standard
Thank you for your input JK ANSWER: The entire world has NEVER been on the gold standard simultaneously. Asia was on a silver standard while the West was on a gold standard. Above is the first coin struck in Hong Kong in 1866 which was the Hong Kong Dollar. The West struck Trade Dollars during the 19th century to pay for goods from Asia and they were silver – never gold. Here is an example of both the British and American trade dollars used in payments particularly with China. The Spanish 8 reals Americans called Pillar Dollars and slicing this up into pieces like a pie gave rise to the term for a Piece of Eight – 2 bits, 4 bits, 8 bits a dollar. Read More |
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10.01.18- Precious Metals Sentiment Hasn't Been This Bad Since 2001, Get Ready For A Turn Like February 2016
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09.29.18- Gold Risks Lower Lows Next, But The Outlook Remains Bullish
China has devalued the yuan relative to the dollar in response to U.S. tariffs. Given the relatively fixed range for gold in yuan terms, XAU/CNY, the higher USD/CNY exchange rate has led to a dramatic decline in gold in dollar terms, XAU/USD. However, at least officially, China has said it will not devalue the yuan further. Read More |
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09.28.18- Take the Precious Metals Tide or End Up in Miseries
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09.27.18- Which would YOU rather have? |
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09.26.18- Gold Through the Ages... Civilization’s Love Affair with the Yellow Metal
Gold artifacts are found in the Varna Necropolis, a gravesite in present-day Bulgaria . These are the earliest evidence of mankind’s ornamental use of gold. The Sumer civilization came into existence around 5,000 years ago in Mesopotamia and used gold for jewelry and headdresses. 2600 B.C. – 1500 B.C. Egyptians are the first gold miners. Hieroglyphics depicting gold date back to 2,600 B.C. The vast quantity of gold discovered in the Nubia region makes Egypt wealthy and establishes gold as a standard for international trade. Read More |
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09.25.18- Gold Set to Soar Above $1,300, Bank of America Says
Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch. Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal balance, Francisco Blanch, head of global commodities and derivatives research, said in a phone interview last week. Spot gold traded at $1,198.82 on Monday and has averaged about $1,285 this year. Read More |
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09.24.18- Gold Is Cheap. Inflation Is Coming.
Long seen as the investment choice of the cranky and the fearful, the metal yields nothing; as Warren Buffett has said, it just “looks at you.” This year has been especially lackluster for gold. Its price has slumped 8%, to about $1,200 an ounce, and is off more than 35% from its high of $1,900 in 2011. Adding insult to injury, Vanguard will soon rechristen the largest gold-oriented U.S. mutual fund and shift its focus away from the metal. Read More |
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09.22.18- Why the Next Silver Rally Will Be
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09.21.18- The Next Stock Market Crash Won’t Take Gold Down With It
Not surprisingly, many investors think the next crisis will look like the last…all asset classes will fall in price including gold (although gold will fall less than the others). Gold will then rocket higher as central banks confront the crisis. Read More |
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09.20.18- Which Precious Metals Are Likely To Be Better Investments During The Next Market Crash?
This article will focus on the top four precious metals, gold, silver, platinum, and palladium. Even though Rhodium and other metals are considered precious, the ones listed above take the lion’s share of the investment market. Furthermore, while platinum and palladium are purchased as investments, they have a much larger industrial component than gold or silver. Read More |
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09.19.18- Silver, Trump’s Trade War, Mining Stocks And The Fed’s Gold
With the massive net short position in both gold and silver Comex paper precious metals, offset by the historic net long position of the “commercials” (banks, mining companies, users, hedgers), numerous rumors are swirling around the precious metals market. For certain, the availability of physical gold bars in London that can be delivered to the large eastern hemisphere buyers who demand delivery is growing tight. Apparently the retail silver coin/bar market is starting to feel supply strains. Read More |
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09.18.18- Earthquakes Turn Water Into Gold
Water in faults vaporizes during an earthquake, depositing gold, according to a model published in the March 17 issue of the journal Nature Geoscience. The model provides a quantitative mechanism for the link between gold and quartz seen in many of the world's gold deposits, said Dion Weatherley, a geophysicist at the University of Queensland in Australia and lead author of the study. Read More |
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09.17.18- The Paper Gold Market Is Screaming “Short Squeeze”
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09.15.18- Bad Money
We’re all going to have to be a lot more resilient in the future. The “long emergency”, as James Howard Kunstler puts it, is now upon us. If ever there was a wake-up call from Mother Nature, it’s been the weather events over the past 12 months. Last year, the triplet Hurricanes Harvey, Maria, and Irma resulted in thousands of deaths (mainly in Puerto Rico) and tens of $billions in destruction. Read More |
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09.14.18- Central Banks Go On Gold Buying Spree Over Dollar Worries
But this time the motivations of the buyers are different than they were back in the 1950s, and they are worrying. That's why investors should take note, including anyone who owns the SPDR Gold Shares (GLD) exchange-traded fund, which holds bars of solid bullion. In the distant past, central banks had to buy gold because of its vital role in the global financial system. Now they are choosing to do so because they are worried about the dollar. In other words, they've been scared into this bullion buying binge. Read More |
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09.13.18- Memoirs Of A Man Fighting For Silver (And With Little To Show For It)
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09.12.18- Setting Up For The Next
The situation is so much more favorable today than when it was trading at $20 at the peak in 2007. I will go one step further and say that the current silver indicators are even better than when the silver price fell to $9 at the end of 2008. Read More |
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09.11.18- ALERT: Gold-to-Silver Ratio Spikes to Highest Level in 27 Years!
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09.10.18- The real Goldfinger: the London banker who broke the world
This yearly ritual has become part of the news cycle, and the inequality it exposes has ceased to shock us. The very rich getting very much richer is now part of life, like the procession of the seasons. But we should be extremely concerned: their increased wealth gives them ever-greater control of our politics and of our media. Countries that were once democracies are becoming plutocracies; plutocracies are becoming oligarchies; oligarchies are becoming kleptocracies. Read More |
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09.08.18- 2018 Bullion American Silver Eagles Temporarily Sell Out
According to U.S. Mint spokesman Michael White, the agency sent the following information to its APs: "This is to inform you that due to recent increased demand, the United States Mint has temporarily sold out of its inventories of 2018 American Eagle Silver Bullion Coins. All orders received prior to this communication shall be honored. Read More |
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09.07.18- The Dark Years Are Here, Part Two
In spite of not normally looking back, I have had a look at a Newsletter that I wrote in July 2009 when gold was just over $900 and the Dow 9,100. It was called “The Dark Years are here” and received quite a lot of attention at the time. This was at the end of the sub-prime crisis when the Dow had just declined by 60% and gold had risen from $250 in 1999 to $925. Read More |
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09.06.18- Get Ready for the “Strongest Commodities Bull Market of All Time”
Sentiment’s so bad that The Vanguard Group—one of the world’s biggest money managers—is overhauling its gold fund. Not only that, speculators are shorting (betting against) gold more aggressively than ever before. Regular readers know what I’m talking about. I laid this all out in the August 28 Dispatch. I need to repeat a critical point of that essay. This sort of bad press sends investors running for the hills. And it keeps other investors from wanting anything to do with that asset. But not us. Read More |
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09.05.18- Alert! Physical Silver... Buy! Buy! Buy!
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09.04.18- Gold And Silver Are Set-Up To Soar
The hedge fund long position in US dollar futures is also at an extreme right now, with the banks taking the other side. Unless there’s something devious going on behind the scenes in the reporting of this data (possible but not probable), the banks are positioned for a huge move higher in gold and a sell-off in the dollar. The only question is timing. Read More |
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09.03.18- JP Morgan's Opportunity of a Lifetime in Silver
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09.01.18- Are Silver and Gold 'at the Flood'?
Thus begins one of the most famous quotes ever uttered, taken from Shakespeare's play, Julius Caesar. Brutus, talking to Cassius, says, "There is a tide in the affairs of men. Which taken at the flood, leads on to fortune..." A flood tide takes place at the very crest in the water's height. Once the "tide turns," there is no stopping its ebb until, much later, it reaches an extended, even a minus low. Read More |
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08.31.18- The Last Hurrah Before the Dark Years
We are now seeing the Last Hurrah for stocks, bonds, the dollar and most asset markets. The world economy has been living on borrowed time since the 2006-9 crisis. The financial system should have collapsed at that time. But the massive life support that central banks orchestrated managed to keep the dying patient alive for another decade. Lowering interest rates to zero or negative and printing enough money to double global debt seem to have solved the problem. But rather than saving the world from an economic collapse, the growth of debt and asset bubbles has created a system with exponentially higher risk. Read More |
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08.30.18- "JPM Buying Back as Many Short Silver Positions as They Can"
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08.29.18- Who Would Invest in a Gold Bond?
“Gold has two significant shortcomings, being neither of much use nor procreative.” I have recently written about how a government with gold mining tax revenues can use gold. The benefits of issuing gold bonds include reducing risk, and relieving debt at a discount. Pretty useful, eh? As to his second point, one should never confuse suppressed with impossible.By President Roosevelt's edict in 1933, the government made it illegal for Americans to possess the metal—as in a go-to-prison criminal act. The government busted every gold bond. Of course, under such conditions, gold could not be useful or procreative. If they wanted to keep their gold, people kept it well hidden. Read More |
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08.28.18- Gold at the Crossroads
The article was published in early-May and states that the U.S. is in a mid-to-late stage recovery. While that statement was probably correct at the time, evidence has since emerged that the economy has entered the “Late-Expansion” stage. Read More |
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08.27.18- Insure Your Wealth or Lose it All
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08.25.18- COMING BREAKOUT: The Gold & Silver Setup Today vs. 2008
Also, it’s important to understand that when I discuss this information, I am not concerned about what happens to the precious metals or the markets today, tomorrow, next week or even next month. Rather, I am focused on the trend change. Which is precisely why I show these charts using a “monthly timeframe.” Read More |
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08.24.18- John Law – 300 years On
The most valuable bubble empirically for the purpose of our elucidation has to be the Mississippi bubble, whose central figure was John Law. Law, a Scotsman whose father’s profession was as a goldsmith and banker in Edinburgh, set up an inflation scheme in 1716 to rescue France’s finances. He proposed to the Regent for the infant Louis XIV a scheme that would be based on a new paper currency. Read More |
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08.23.18- Global Funds IN FAANGs Today, BANNGs Tomorrow?
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08.22.18- Gold output in key countries to slump to ‘generational’ lows — report
Gold output in key producing countries, such as Australia and Peru, is set to slump to generational lows in the mid-term even though bullion production grew for nine consecutive years, reaching an all-time high in 2017, a new report shows. While S&P Global Market Intelligence does expect output to rise reach new highs this year, to 108 million ounces, as well as in 2019 and 2020, it doesn’t see growth across the board. Read More |
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08.21.18- The Bullion Banks Are Net Long Gold For The Very First Time
History doesn’t repeat itself but it often rhymes. – Mark Twain I decided that before I sat down to write the weekly recap and outlook for the gold and silver markets that I would go to a few of the great commentary sites such as Streetwise, 321Gold, Goldseek and Gold-Eagle and read what the other “experts” are saying about the precious metals markets before I attack the keyboard. Earlier in the week, I had been working on a Western Uranium Corp. story and was astounded how stress-free it was writing about an energy deal as opposed to a sound money deal. Read More |
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08.20.18- The next major gold rally
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08.18.18- Gold & the Changing Fundamentals
It would be very helpful. PL ANSWER: You are correct, that concerns over U.S.-Russian relations, coming talks on the Korean Peninsula, action in Syria over a suspected chemical weapons attacks and uneasiness over trade conflicts would normally be the battle cry to buy gold. Traditionally, this would form a cocktail of geopolitical uncertainty that would lead to screams buy gold! The uncertainty has not led to support for gold. They are proving to be a narrative that no longer seems to be factors for the bulls. Read More |
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08.17.18- Gold Seen Fighting Back in Battle With Dollar for Haven Role
Bullion has lost out in a paradigm shift where the metal’s no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won’t last, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc. Investors are favoring U.S. Treasuries, and that’s seen the dollar get stronger, Rule said in an interview from Vancouver on Aug. 15. But the greenback’s strength is relative, not absolute, and the overwhelming faith that the global saver has placed in the U.S. currency is “probably partly misplaced,” he said. Read More |
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08.16.18- Gold to Soar Above $6,000
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08.15.18- Gold & Silver Being Hit Like In 2008 To Cover-Up Impending Global Financial Crisis
Currently the price of gold and silver are being dismantled by what appears to be massive hedge fund shorting of Comex paper gold. As of last Tuesday, the “managed money” trader category as detailed in the Commitment of Traders report showed that the hedge funds were short a record amount of paper gold. Read More |
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08.14.18- Top 10 Reasons I Buy Gold & Silver
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08.13.18- Spectacular COT Report: Prepare For A Huge Six Months In Gold & Silver No need to mince words anymore. If the futures market still influences gold’s price, then that price is going to spike. And silver is better than gold. Since January, gold futures speculators have been trending from extremely bullish to scared short. And in the week ending last Tuesday (the most recent data available) they appeared to capitulate, adding a massive number of short positions while marginally cutting their longs. They’re now about as close to neutral as they’ve ever been. Based on the history of the past decade this is hugely bullish, since speculators tend to be wrong when they’re fully convinced they’re right. Read More |
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08.11.18- When The World's Greatest Bubbles Pop, You Better Own Some Precious Metals
According to a recent update by Savills, a global real estate services provider listed on the London Stock Exchange, global real estate values reached a new record of $281 trillion at the end of 2017. That is a BIG number because their last update in April 2017, stated that world real estate values were $228 trillion for 2016 yearend. How could global real estate values jump that much in a year?? Read More |
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08.10.18- The Next Silver Run To $50 (And Beyond)
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08.09.18- Fort Knox Gold?
Fort Knox gold questions are like corruption and gravity. There are issues but we move on. Consider:
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08.08.18- Mad Money Host Says Major Breakthrough in Gold Market Near
In Tuesday’s episode of CNBC’s Mad Money, host Jim Cramer shared his view that a major breakthrough in the gold market could be near, reports Kitco. Cramer said that large speculators in gold are a good indicator of the metal’s direction and that, given the many short positions and the metal’s contrarian nature, we could see a spike in gold prices. Read More |
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08.07.18- Wait until you see the price of gold in Venezuela right now
But that was July. Prices in Venezuela are doubling roughly every 18 days. The International Monetary Fund (IMF) now projects inflation to hit an astronomical 1 million percent by the end of this year. Read More |
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08.06.18- Gold Futures Market At Extremes, Suggests Gold Price Bottom Set For 2018
Astute readers remember how we published our Gold Price Forecast For 2018 almost a year ago when the price of gold was testing its support $1200 to $1220 level. We were bearish at that point in time. However, right after our publication the futures market, one of our leading indicators, changed its shape. We updated readers about this event, and early this year the gold futures market confirmed its new trend which was also reflected in the price of gold. Read More |
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08.04.18- Gold: The Bull In The China Shop
Sun Tzu – the Art of War (5th Century) In essence, if you are going to war, make sure the costs of war is borne by the enemy, not your own people. Instead of saying, “trade wars are good and easy to win”, Mr. Trump would be wise to follow the ancient general’s advice. Winning a trade war is not so easy, history shows that tariffs which are like taxes will hurt his own people in many ways. Read More |
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08.03.18- Hyperinflationary Gold at
But the elite, and central bankers have had other plans. Instead of replacing the hair with a solid metal chain, the sword is today hanging by a very fragile thread that can break at any time. Read More |
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08.02.18- Ancient Dollars and Gold Bullion
But don’t blame the candy industry, coffee distributors or automobile manufacturers. Fiat currencies create the problems.Why do we need to fix our currency? Because commercial banks (via fractional reserve banking) and the Federal Reserve print dollars by the trillions, devalue all existing dollars, and increase prices on almost everything. Do you remember McDonald’s prices in 1961? Read More |
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08.01.18- GOP Congressman Investigates Undisclosed Gold Market Intervention by China and the Exchange Stabilization Fund
Washington, DC (July 31, 2018) – A member of the U.S. House Financial Services Committee is calling out the Federal Reserve and the U.S. Treasury for dodging questions about their activities involving America’s gold reserves. In a letter dated July 27, Representative Alex Mooney (R-WV) wrote to Jerome Powell, Chairman of the Federal Reserve, and Steven Mnuchin, Secretary of the U.S. Treasury, after receiving perfunctory responses to his April 24th letter, noting “a few questions were either not addressed at all or not fully addressed.” Read More |
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07.31.18- Top Gold Miners Production Declined 15% While Costs Escalate
While many analysts focus on the company’s profits or net income, I like to pay attention to its free cash flow. Free cash flow is nothing more than subtracting capital expenditures from the company’s cash from operations. Because the gold mining industry is very capital intensive, the company’s free cash flow is a better indicator of financial health rather than the net income. Read More |
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07.30.18- Gold's Groundhog Day
Many are still calling the bottom in gold, which only indicates that there is room to the downside. The groundhog may or may not see his shadow but as it looks now, there will be six more weeks of selling. Read More |
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07.28.18- Silver – Depressing and Exciting!
Silver looks oversold and ready to rally. Examine the weekly RSI (a timing indicator) and the MACD (a moving average indicator). These indicators suggest silver prices are low and could rally. Medium Term: Silver closed July 24 at $15.42, which for silver bugs is depressing or exciting: Why? Read More |
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07.27.18- POP QUIZ: What’s The Difference Between “Junk Silver”, “Constitutional Silver”, And “90% Silver”?
Article originally written by Paul Eberhart and guest posted at SD Bullion Junk Silver Coins, Constitutional Silver Coins, and 90% Silver Coins are all ways to refer to the same thing: pre-1965 / pre-1964 90% silver dimes, quarters, half dollars and dollar coins. Read More |
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07.26.18- Crying Wolf
The price of gold fell another ten bucks and that of silver another 28 cents. Perspective: if you’re waiting for the right moment to buy, the market is offering you a better deal than it did last week (literally, the price of gold is a 7.2% discount to the fundamental vs. 4.6% last week). If you wanted to sell, this wasn’t a good week to wait. Which is your intention, and why? We have written many times that the quantity of dollars does not cause the price of gold to rise. Two weeks ago, we showed a graph of M2 overlaid with the gold price. Read More |
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07.25.18- Disregard The Noise: Here's Why Gold And Silver Prices Are Going Much Higher
Gold and silver have been victims of steep declines in recent weeks, with gold dropping by roughly 7%, and silver by about 12% since the Fed's decision in mid-June. But despite the recent declines, the backdrop for precious metals remains very strong. Inflation is already spiking, but trade tariffs and other factors should accelerate the inflationary process going forward. Read More |
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07.24.18- Ted Butler: New Hope
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07.23.18- The Truth About Inflation And The Coming Crash
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news that inflation in the United States reached an 6 year high. |
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07.21.18- How To "Measure" Your Precious Metals Holdings
Now that the "summer doldrums" for the metals and miners seem to be upon us – which may or may not last until after Labor Day – it might be worth your time to "measure" your precious metals' holdings. Let's start by taking a look at the terms and (simplified) definitions for foreign and domestically-listed mineral resource-sector companies that are listed on a Canadian stock exchange. Called the National Instrument (NI) 43-101, this reporting review was put together in an effort to protect investors, after a "fake mining story" of truly epic proportions erupted in the late 1990's... Read More |
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07.20.18- The Silver and Platinum Express
Inflation is directly responsible for the price increase of everything. That doesn’t mean that all commodities or financial instruments go up in unison, they don’t. But soybeans or silver are not inherently more valuable today than they were a hundred years ago. What has changed is the value of the dollar, not the commodity. Markets search constantly for the correct price. That is why prices go up and prices go down. The market never quite knows what is the right price for anything so it searches until buyers and sellers are satisfied with price and make a transaction. Read More |
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07.19.18- Signal vs. Noise in the Gold Market
Last week more than a handful of subscribers alerted me to Jim Rickards’ beliefthat China has pegged the SDR (an IMF reserve currency) Gold price from 850-950 SDR/oz and this is what is impacting the Gold price. Rickards writes that the peg is too cheap given the scarce supply of Gold and that the IMF will print trillions of SDRs during the next global financial crisis. Read More |
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07.18.18- Gold Price Forecast: Will Gold Prices Ever Bottom?
It’s been 30-weeks since the last 6-month low (December). The intermediate cycle has averaged about 23-weeks, so we are well overdue for a bottom. Interestingly, while gold crashed nearly 10% in 2-months, gold miners remained relatively stable. Currently, they linger just 6% below their April highs; their resilience should not be ignored. It speaks of a hidden energy that once loose, should deliver brilliant gains. Read More |
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07.17.18- Goldcorp Chairman Warns World is Running Out of Gold
Mining experts warn that the world is running out of gold Could the gold market be facing the prospect of dwindling mine supply? According to industry experts, the phenomenon known as “peak gold” is an imminent threat that will become reality in less than a year. In fact, some believe the decline may already be underway. Read More |
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07.16.18- South African Mint Gets it Right with 2018 South African Silver Bullion Coin
Many precious metal bullion buyers have been hoping for a competitively priced 1 oz Silver Krugerrand bullion coin. After last year’s higher price limited issuance, it appears the South African Mint has heard silver bullion buyers loud and clear having just released their first competitively priced Silver Krugerrand Coin. Read More |
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07.14.18- Everyone is Hoarding Gold
The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia,Kyrgyzstan is stockpiling gold. It wants to increase gold from 16 percent to 50 percent as part of its international reserve. Tolkunbek Abdygulov of the Kyrgyz Central Bank has stated that any currency, whether dollars, rubles, or yuan, has become too vulnerable. The small mountain nation, with a population of 6 million, relies heavily on Russian and Chinese imports. With the possibility of global trades war on the horizon, Read More |
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07.13.18- Gold Should be Viewed as Money —
Peoples’ enthusiasm is understandable: From 1965 to 2017, Buffett’s Berkshire share achieved an annual average return of 20.9 percent (after tax), while the S&P 500 returned only 9.9 percent (before taxes). Had you invested in Berkshire in 1965, today you would be pleased to see a total return of 2,404,784 percent: an investment of USD 1,000 turned into more than USD 24 million (USD 24,048,480, to be exact). Read More |
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07.12.18- Is There A Massive U.S. Gold Deposit Hidden In The Chocolate Mountains, California??
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07.11.18- Another billionaire says we’re running out of gold
Simply put, mining companies are no longer finding vast, new deposits of gold to replace their aging mines. I quoted Pierre Lassonde, the billionaire founder of gold royalty giant Franco-Nevada and former head of Newmont Mining:
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07.10.18- Incrementum AG Says Gold’s Hardships Could Soon Be Over
Incrementum AG: Gold has bottomed out and will soon go up In a recent interview with Kitco, Incrementum AG’s fund manager Ronald-Peter Stoeferle said that gold’s hardships could soon be over as the metal readies for another bullish run. Stoeferle sees numerous tailwinds for gold, not the least of which is a potential reversal of the dollar’s gains. Read More |
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07.09.18- Top 10 Countries with Largest Gold Reserves
For six consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 224 tonnes in 2017 and overtaking China to hold the fifth spot, according to the GFMS Gold Survey. Read More |
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07.07.18- Gold and a Drive Down Memory Lane
Times have changed. In 2018 we live with the Internet, fast communications, and huge piles of unpayable debt. The consequences of massive debt include:
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07.06.18- Silver will be gold on steroids!
In an interview it was said that during the Weimar experience, gold performed extremely well but silver lagged. It is for this reason they suggested not to pay attention to the current out of whack silver to gold ratio north of 80-1 and it will not narrow. This is just wrong for so many reasons. First, the ratio of silver to gold worldwide at the time was roughly 15-1. Silver was priced at $1.385 per ounce while gold was at $20.67 per ounce in dollar terms. Read More |
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07.05.18- Crucial Factors Why Silver Will Increase More Than Gold During The Next Financial Collapse
For example, Lynette Zang, at ITM Trading, has suggested in recent videos, that the gold to silver ratio will increase significantly during the upcoming currency reset. Read More |
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07.04.18- Life-Changing Gains
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07.03.18- Imminent EU Financial Crunch Could Signal Big Gold Price Jump
The EU may be that ship, and could it take a big economic hit come March 2019 to the tune of $38 trillion in uncleared derivatives contracts. Derivatives allow trading of assets that derive their value from elsewhere. For example, credit swaps and options are two common derivatives. Business Insider reported on this explosive development: Read More |
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Gold at its low yesterday was within $9 of that low, and silver 30 cents. By early European trade this morning (Friday), gold had fallen $19 from last Friday’s close to $1251 and silver by 25 cents to $16.09. It often happens that gold and silver prices hit low points in June and December, before rallying sharply. The reason is not hard to understand: traders at the bullion banks close their books at the year and half-year ends and are almost certainly instructed by their superiors to reduce their trading positions to as low a level as possible. This is because the banks wish to report balance sheets that reflect low risk exposure for the purpose of making regulatory returns. Read More |
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It's been a while since I've covered the precious metals in an article. They've been range-bound for much of the past year, with few notable sector developments to report. But I feel compelled to write about them today for two reasons:
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06.29.18- About The Coming Second American Civil War: Gold, Silver, And The Dollar Aren’t Buying It At All
Is the United States really on the brink of civil war? Which I’m sure the trendies are calling Civil War 2.0, as if war was somehow cool. I don’t think so. Or at least things aren’t as deadly serious as they sound. Read More |
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06.28.18- Silver & Gold Will SKYROCKET! - The Crypto Revolution Has JUST Begun
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06.27.18- The Petroleum Age
Suppose you have the opportunity and the means to create a gold mine, and decide to undertake the challenge; you invest in the building and installations of the gold mine, and in all the related salaries to carry out the building of the mine, by paying for all expenses in gold; finally the gold mine is selling the gold it produces, in exchange for dollars. So now you have an abundant income in dollars, because your mine has been a successful venture. Hurray! But think about this: when you get those dollars of income from your mine, are you really registering profits? Read More |
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06.26.18- Gold and Silver: A Rarer Than Once-in-a-Lifetime Opportunity
Of course, all of those ships have sailed. We live in a reality where past fiduciary mistakes are “corrected” by amplifying those same mistakes, as if the solution to having our heads buried in the sand is that we just haven’t buried them deeply enough; that maybe the tsunami created by generations of criminal, federal, financial mismanagement and unsustainable promises will disappear if we can just duck around this next corner and close our eyes long enough. Read More |
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06.25.18- How Long Can This Last?
Let’s look at the chart below. As one can see, the U.S. long-term interest rates have been rising since September 2017. And they breached 3 percent in the second quarter of 2018, attracting investors’ attention all over the world. Chart 1: Gold prices (yellow line, left axis, London P.M. Fix, in $) and the 10-year U.S. Treasury yields (red line, right axis, in %) from January 2017 to May 2018. Read More |
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06.23.18- The Gold Price Manipulation “Mask” Gets Ripped Off
And that makes sense. Ideally you want to enter at a price that is low enough, so you can store as much value in your portfolio as possible. But a challenge arises when there are factors you can’t “see” that affect that entry point. For example… When you take a look at the standard “gold price” in the chart below, you can see the 5-year trend. Any “breakout” remains in check, with prices failing to break $1400: Read More |
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06.22.18- Gold At 6-Mo. Low,
The specter of a global trade war continues to dent trader and investor confidence and is pressuring world stock and commodity markets. Gold and silver continue to act like the raw commodities they are, instead of safe-haven stores of value. Read More |
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05.21.18- Own A “Bit Of Gold” As We Are Moving Ever Closer To A Trump Trade War
The Shanghai Composite Index ended the session down 3.8% to close at a two-year low, notes Bloomberg. What’s wrong? Investors are starting to worry that Donald Trump is deadly serious about his enthusiasm for a trade war, that’s what’s wrong. Trump has a point on China, although that doesn’t mean this is a good idea. Read More |
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06.20.18- The Deviant Conundrum Called Silver
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06.19.18- 5 Reasons The Drop In Gold Prices Shouldn't Worry Investors
But the truth is it shouldn't be worrying. Here's what you need to know: Gold bars manufactured in Kasimov. Photo by Alexander RyuminTASS via Getty Images The price of bullion fell more than $20 a troy ounce between Thursday and Friday, hitting a low around $1,279. News reports declared, "Gold Solidly Down [...]" and "Gold Prices Take 2% Hit [...] Fresh 2018 Lows." Here's why gold investors shouldn't worry. Read More |
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06.18.18- Inflation Trade, In Progress Since Gold Kicked It Off in Q1 2016
Then came December of 2015 when gold and silver made bottoms followed by the gold miners in January of 2016. Then by the time February had come and gone the whole raft of other inflatables (commodities and stocks) had bottomed and begun to set sail. Read More |
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06.16.18- Follow Swiss Pension Fund- But Gold - "Don't Worry, Be Happy"
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06.15.18- Donald Trump's "Madness"
In my ignorance, I did not know that a man named Triffin had already pointed out that problem, which became known as “Triffin’s Dilemma”. The problem is really very simple: If the dollar – such as it is – is going to be the basis of the world’s monetary system, and therefore required by all Central Banks as Reserves, there is only one way that these CBs can obtain those Reserves: Read More |
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06.14.18- Silver’s Not-so-subtle Outperformance
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06.13.18- Gold and Silver Setting Up for
Well, the recent G7 meeting and President Trump's meeting with Kim Jung Un in Singapore may spark a little interest in these shiny metals as they setup a “rope-a-dope breakout” for those not paying attention. Read More |
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06.12.18- WHY HARRY DENT’S $400 FORECAST FOR GOLD IS WRONG….
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06.11.18- He Ran Into My Knife Ten Times
Those seven words suggest anger, bleeding and murder… The American people have “run into a financial knife” many times in the last century. (Solutions listed at the end.)
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06.09.18- Gold Should be Viewed as Money - Not as an Investment Instrument
Peoples’ enthusiasm is understandable: From 1965 to 2017, Buffett’s Berkshire share achieved an annual average return of 20.9 percent (after tax), while the S&P 500 returned only 9.9 percent (before taxes). Had you invested in Berkshire in 1965, today you would be pleased to see a total return of 2,404,784 percent: an investment of USD 1,000 turned into more than USD 24 million (USD 24,048,480, to be exact). Read More |
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06.08.18- Stock Market More Important for Gold than US Dollar
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06.07.18- Gold’s Break-Out Must Occur Within Months But It Looks Imminent
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06.06.18- Gold’s Monetary Rehabilitation
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06.04.18- Gold and the Monetary Blockade on Iran
The set of sanctions that the U.S. began placing on Iran back in 2010 can be best thought of as a monetary blockade. It relied on deputizing U.S. banks to act as snitches. Any U.S. bank that was caught providing correspondent accounts to a foreign bank that itself helped Iran engage in sanctioned activities would be fined. To avoid being penalized, U.S. banks threatened their foreign bank customers to stop enabling Iranian payments or lose their accounts. And of course the foreign banks (mostly) complied. Read More |
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05.02.18- How silver changed the world
It can be argued that when Spain instituted a common currency in the form of the Real de a Ocho, also known as Pieces of Eight, or the Spanish dollar, globalisation’s first chapter had been written. The acceptance of the dollar coins for commercial transactions throughout Asia, the Americas and much of Europe, resulted in a cultural exchange between nations, as well as the relatively free movement of people and goods between the three continent. Read More |
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06.01.18- Gold - The Only Money That Can't Be Debased
In the same period, gold went from an average price of around $650 in 1980 to $1,300 today. So whilst global assets have gone up 26x since 1980, gold has just managed to go up 2x. Admittedly gold started at $35 in 1971 so it had already benefitted from a substantial rise by 1980. Read More |
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The next credit crisis poses a major challenge to China’s manufacturing-based economy, because higher global and yuan interest rates are bound to have a devastating effect on Chinese business models and foreign consumer demand. Dealing with it is likely to be the biggest challenge faced by the Chinese Government since the ending of the Maoist era. However, China does have an escape route by stabilising both interest rates and the yuan by linking it to gold.
It’s important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value – in the case of larger-cap producing miners. Or their “optionality” value – in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. “Optionality” value is based on the idea that junior exploration companies with projects that have strong mineralization or a compliant resource have an implied value based on the varying degrees of probability that their projects will eventually be developed into a producing mine. 
The gold price already bottomed, says InvestingHaven’s research team. The upside potential in gold’s price near term is 7 percent while gold’s price may rise 12 pct into 2019. Best case, though, if gold would get a bid with global markets continuing their sell-off we may see 25% upside. That’s when silver miners will do exceptionally well, similar to their epic rally in 2016.
The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they’ve ever been and commercials going even more long. 
To the surprise of many investors, the precious metals have rallied while the broader markets continue to sell-off. Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday. The Dow Jones Index has lost nearly 1,000 points in the past two days while the gold price is up nearly $25.
According to the Bank of America Merrill Lynch, gold is set to take a run over the next year due to the constant cloud of uncertainty with regards to the U.S budget deficit alongside concerns over trade wars. 
Bill Pawelec taught me the meaning and importance of predictive programming. As a result, I am going to reveal a partially redacted, but very relevant email from a member of my audience about the extreme relevance of predictive programming. And then I am going to allow the predictive words of my late friend, CIA contract agent and former Air Force Intel operative, Bill Pawelec, who revealed what is coming and I fear we will not have to wait very long this to happen.
Below is a technical analysis of gold. Please don’t shoot the analyst.
Last week, we shined a spotlight on a crack in the monetary system that few people outside of Switzerland (and not many inside either) were aware of. There is permanent gold backwardation measured in Swiss francs. Everyone knows that the Swiss franc has a negative interest rate, but so far as we know, Keith is the only one who predicted this would lead to its 
Our modeling systems are suggesting that Gold and Silver will begin a new upside rally very quickly. We wrote about how our modeling systems are suggesting this upside move could be a tremendous opportunity for investors over 2 weeks ago. Our initial target is near the $1245 level and our second target is near the $1309 level. Recent lows help to confirm this upside projection as the most recent low prices created a price rotation that supports further upside price action. What is needed right now is a push above $1220 before we begin to see the real acceleration higher.
Berkshire Hathaway CEO Warren Buffet famously dismissed gold.
Even though the gold price increased in 2018, the top gold miners production declined while costs continue to escalate. Output at three of the top gold miners in the world fell in the first half of 2018 compared to the same period last year. With rising costs due to higher energy prices, on top of decreasing production, the top gold miners free cash flow declined precipitously in 2018.
Gold and silver sold off last week, and as shown in our headline chart, have lost nearly all the gains made since the last major turning point on 11 December 2017.
The main objective behind the sea route plied by Spanish galleons was to establish trade with China. These European vessels became known as China Ships. They transported silver from the Americas to exchange for goods in Asia, mostly commodities of Chinese origin.
In 1980, global assets, including property, were less than $20 trillion. Today almost 40 years later they have grown to $524 trillion. That is a compound annual growth rate of 9% which is quite remarkable for a 38 year period. Global assets have gone up 26 fold during this period.