09.24.18- Gold Is Cheap. Inflation Is Coming.
You Do the Math

Andrew Bary

Gold has gotten a bad rap.

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

09.22.18- Why the Next Silver Rally Will Be
LIKE NEVER BEFORE
Ted Butler

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09.21.18- The Next Stock Market Crash Won’t Take Gold Down With It
Rudi Fronk and Jim Anthony

The global financial crisis of 2008 was essentially caused by excessive leverage, a loss of confidence in real estate credit and a resulting sudden collapse of liquidity in the financial system. The central bank response was to lower interest rates and flood markets with liquidity. Since then, debt loads have increased more than 30% and the percentage of higher risk credit has also grown sharply. Many analysts believe that another crisis is possible due to a combination of enormous leverage and deteriorating credit standards. What will happen to gold if we have another financial crisis?

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

09.20.18- Which Precious Metals Are Likely To Be Better Investments During The Next Market Crash?
Steve Se Angelo

The question on the minds of many investors, is which of the precious metals will be better investments during the next market crash?  I should know because I receive this question in my email box quite often.  So, I decided to test the price action of several metals and how each traded during a large market correction.

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

09.19.18- Silver, Trump’s Trade War, Mining Stocks And The Fed’s Gold
Jeffrey Bennett

If you have gold, you have money – If you don’t have gold, you have a problem – Alisdair Macleod

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

09.18.18- Earthquakes Turn Water Into Gold

Earthquakes have the Midas touch, a new study claims.

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

09.17.18- The Paper Gold Market Is Screaming “Short Squeeze”
John Rubino

Every once in a while the trading action in a given market breaks through its historically normal boundaries and starts exploring new territory. This can mean one of two things: Either something fundamental has changed, creating a “new normal” to which participants will have to adapt. Or the extreme move is a temporary aberration that will eventually be corrected by an equally extreme snap-back into the previous range. Read More

09.15.18- Bad Money
Chris Martenson

Our debt-based fiat money system poses an existential threat

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

09.14.18- Central Banks Go On Gold Buying Spree Over Dollar Worries
Simon Constable

The world's central banks are on a gold buying spree that has lasted more than a decade. That's the longest period of consistent gold acquisition by the so-called official sector in more than half a century.

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

09.13.18- Memoirs Of A Man Fighting For Silver (And With Little To Show For It)
Hugo Salinas Price

I have had an interesting life, in the course of my retirement from business; my retirement happened somewhat by chance, in the year 1988; one Friday evening I presided a meeting of a group directors of Elektra, a Mexican company the property of my father and myself. We had had some 500 of these meetings in past years; they took place every two weeks. My son Richard was present, having been with the company since 1980. (He had arrived in 1980 from Dallas, Texas, looking for a post at Elektra, after being fired from his job  – he had called his supervisor a fool, if not something worse. He was probably right in his judgment of his superior officer’s decisions, but of course saying what you think is not the best way to get along in business). Read More

09.12.18- Setting Up For The Next
Major Silver Bull Market

Steve St Angelo

While the precious metals are totally off the radar by the majority of investors, silver is setting up for one major bull market.  Yes, it’s hard to believe as the gold and silver prices have been trending lower while the broader markets grind up higher, but if we look at the fundamental and technical indicators, the stock market and precious metals are now at extreme opposites.

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

09.11.18- ALERT: Gold-to-Silver Ratio Spikes to Highest Level in 27 Years!
Jason Hamlin

The gold-silver ratio has been one of the most reliable technical ‘buy’ indictors for silver, whenever the ratio climbs above 80. The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire 18-year bull market! In fact, you have to go back 27 years to 1991 for the ratio to be higher than it is today. The gold-to-silver ratio is a powerful trading signal that can help to identify buying or selling opportunities in the precious metals sector. The ratio represents the number of silver ounces it takes to buy a single ounce of gold. It might sound simple, but this ratio is more powerful than it may seem at first blush. Amazingly, the ratio is currently higher than it was at the depths of the 2008-09 financial crisis. Read More

09.10.18- The real Goldfinger: the London banker who broke the world

Every January, to coincide with the World Economic Forum in Davos, Oxfam tells us how much richer the world’s richest people have got. In 2016, their report showed that the wealthiest 62 individuals owned the same amount as the bottom half of the world’s population. This year, that number had dropped to 42: three-and-half-dozen people with as much stuff as three-and-a-half billion.

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

09.08.18- 2018 Bullion American Silver Eagles Temporarily Sell Out
Mike Unser

Inventories of bullion 2018 American Silver Eagles are depleted for now, the United States Mint told its Authorized Purchasers (APs) today, Sept. 6.

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

09.07.18- The Dark Years Are Here, Part Two
Egon von Greyerz

Hindsight is the most exact of all sciences. Most people who live their life backwards have a miserable life. Having been around for a while, I tend not to look back, especially not at negative events. Much better to embrace uncertainty since everything going forward from here is uncertain. We can’t do anything about the past but we certainly have more control over our future. And looking at the next few years, it does seem that these are going to be extremely turbulent both economically, socially and politically.

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

09.06.18- Get Ready for the “Strongest Commodities Bull Market of All Time”
Justin Spittler

Investors hate gold.

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

09.05.18- Alert! Physical Silver... Buy! Buy! Buy!
Bix Weir

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09.04.18- Gold And Silver Are Set-Up To Soar
Dave Kranzler

Per the latest COT report (note: this references the August 21st COT Report), the hedge fund (Managed Money) net short position in Comex paper gold was 90,000 contracts – by far a record short position for the hedge fund trader category. Conversely, the bank net long position (Swap Dealers) in Comex paper gold was close to an all-time high. It’s not quite as high it was in December 2015.

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

09.03.18- JP Morgan's Opportunity of a Lifetime in Silver
Ted Butler

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09.01.18- Are Silver and Gold 'at the Flood'?
David Smith

There is a tide in the affairs of men...

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

08.31.18- The Last Hurrah Before the Dark Years
Egon von Greyerz

This is it! The autumn of 2018 will be momentous in the world economy, markets and politics.

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

08.30.18- "JPM Buying Back as Many Short Silver Positions as They Can"
Ted Butler

"Every time we’ve had a rally in the last 10 years, ever since J.P. Morgan took over the investment bank Bear Stearns, J.P. Morgan has added aggressively to its paper short division on the COMEX as speculators, technical fund,s and what-have-you come in to chase rallies higher. J.P. Morgan has always been the seller of last resort, and they sell whatever is required to satisfy all buying. And, ultimately, after that buying is satisfied, the prices roll over and come back down. This is the "wash, rinse, repeat" cycle that many people have become aware of. J.P. Morgan adding short positions has stopped every rally in silver -- and gold, for that matter -- over the last 10 years. Read More

08.29.18- Who Would Invest in a Gold Bond?
Keith Weiner

Berkshire Hathaway CEO Warren Buffet famously dismissed gold.

“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

08.28.18- Gold at the Crossroads
Steven Saville

Although I’m not in total agreement with it, I can highly recommend Erik Norland’s article titled “Gold: At the Crossroads of Fiscal and Monetary Policies.” The article is informative and, unlike the bulk of gold-related commentary, actually deals with fundamental developments that could be important influences on gold’s price trend.

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

08.27.18- Insure Your Wealth or Lose it All
Egon Von Greyerz

Embrace uncertainty – Anyone who doesn’t follow this momentous maxim in coming years is likely to get one unpleasant shock after the next. Because the stable progression of the world economy since WWII is now coming to an end. What should have been a normal cyclical high in the next year or two, is now going to be the most massive implosion of a bubble full of debts and inflated assets. The system has been “successfully” manipulated for decades by central banks, certain commercial banks, the BIS in Basel and the IMF for the benefit of a small elite. Read More

08.25.18- COMING BREAKOUT: The Gold & Silver Setup Today vs. 2008
Steve St Angelo

While many investors still believe that gold and silver will crash along with the markets as they did in 2008, I think we may see quite the opposite.  In this video update, I provide even more important information on why the gold and silver setup today is much different than it was in 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

08.24.18- John Law – 300 years On
Alasdair Macleod

Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South Sea bubble, the tulip mania and the Mississippi bubble, published in the mid-nineteenth century.

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

08.23.18- Global Funds IN FAANGs Today, BANNGs Tomorrow?
First Macro Capital

The world is familiar with FANG (Facebook, Amazon, Netflix, and Google), then came FAANG, Facebook, Amazon, Apple, Netflix, and Google. But are you familiar with BANNG? We would like to introduce to the world a countercyclical group of stocks that could be the biggest winners if FAANGs lose. BANNG = Barrick Gold, Agnico Eagle, Newmont Mining, Newcrest Mining, and Goldcorp. They are the collection of gold stocks that would appear in all the major gold stocks ETFs, major indices in their respective countries. They have the liquidity, market cap, dividends, along with being the group of some of the largest gold miners in the world. Barrick and Newmont are the largest gold miners in the world. Both FAANG and BANNG stocks are in a global equity fund managers MSCI ACWI Index (All Country World Index). Read More

08.22.18- Gold output in key countries to slump to ‘generational’ lows — report
Cecilia Jamasmie

Large operations facing falling grades will be producing far less gold this year than in 2017, such as Barrick and Goldcorp’s Pueblo Viejo mine, in Dominican Republic. (Image courtesy of Barrick Gold.)

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

08.21.18- The Bullion Banks Are Net Long Gold For The Very First Time
Michael Ballanger

Michael goes over the two primary drivers of gold (and silver) right now, and argues how gold is set up very similar to December of 2015…

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

08.20.18- The next major gold rally
Steven Saville

During the first three quarters of 2016 we were open to the possibility that a new cyclical gold bull market got underway in December of 2015, but over the past 18 months we have been consistent in our opinion that the December-2015 upward reversal in the US$ gold price did NOT mark the start of a bull market. Since late-2016 there have been some interesting rallies in the gold price, but at no time has there been a good reason to believe that we were dealing with a bull market. That’s still the case. The question is: what will it take to set a new cyclical gold bull market in motion? Read More

08.18.18- Gold & the Changing Fundamentals
Martin Armstrong

QUESTION: Mr. Armstrong; You are obviously the person worth listening to when it comes to gold. Every fundamental these people have argued to support gold has proven completely false. Confusion in gold is really very high. You have to be really stupid at this point to listen to this nonsense. Can you express any opinion on gold?

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

08.17.18- Gold Seen Fighting Back in Battle With Dollar for Haven Role
Ranjeetha Pakiam

Don’t write off gold in the battle of the havens.

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

08.16.18- Gold to Soar Above $6,000
Przemyslaw Radomski, CFA

In our regular gold trading alerts, we focus on the short- and medium-term outlook and we rarely discuss the very long-term issues or price targets. The reason is simple – the long-term issues and price targets don’t change often, so usually there’s little new to say about them. Consequently, it’s been a long time since we last discussed our view on gold’s explosive upside potential. In fact, it’s been so long that those who do not take the time to read our analyses thoroughly and those who have been reading them for only a short while may think that we are bearish on gold in the long run. Or that we’re perma-bears. Naturally, it’s nonsense and those who have been diligently following our articles know it. What we’re aiming for is to help investors position themselves to make the most of the upcoming rally in the precious metals market and one of the best ways to do it is to help people prepare for the final bottom in gold. Read More

08.15.18- Gold & Silver Being Hit Like In 2008 To Cover-Up Impending Global Financial Crisis
Dave Kranzler

In 2008, gold was taken from $1020 to $700 and silver was pounded from $21 to  $7 during the period of time that Bear Stearns, Lehman and the U.S. financial system was collapsing.  The precious metals were behaving inversely to what would have been expected as the global financial system melted down.   Massive Central Bank intervention was at play.

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

08.14.18- Top 10 Reasons I Buy Gold & Silver
Mike Maloney

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08.13.18- Spectacular COT Report: Prepare For A Huge Six Months In Gold & Silver
John Rubino

John Rubino says there’s no need to mince words anymore: The gold price is going to spike, and silver will perform even better than gold…

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

08.11.18- When The World's Greatest Bubbles Pop, You Better Own Some Precious Metals
Steve St. Angelo

In just the past few years, global asset values have risen to the biggest bubbles in history. Unfortunately, this doesn’t seem to be a concern to the market because most people believe they are getting richer. However, rapidly rising digital riches can easily turn into digital losses, just as quickly. But, this will likely remain a secret until the major fireworks begin in the markets by the this fall or within the next 1-2 years.

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

08.10.18- The Next Silver Run To $50 (And Beyond)
Ted Butler

Twice in the past the price of silver has risen in a short period to $50. It happened in 1980 during the Hunt brother’s manipulation and again three decades later in April 2011, when the price rose to nearly $50. Prior to the price run up in 2011, I wrote that a move to $50 was more than possible, since it had already occurred and that proved such a move was possible. Something that has happened twice before can certainly occur again. One thing that makes it probable is that there was three times the amount of silver above ground in 1980 than there is today. The six billion ounces that existed in 1980 has shrunk to two billion ounces of industry standard 1000 ounces bars. The amount of world money creation and buying power has increased exponentially over the past seven years. Read More

08.09.18- Fort Knox Gold?
GE Christenson

Corruption in government is universal, now and throughout history. Like living with gravity, we realize it exists and carry on because we must.

Fort Knox gold questions are like corruption and gravity. There are issues but we move on. Consider:

  1. There are 147 million ounces of gold supposedly stored in the Fort Knox Bullion Depository.
  2. It has not been audited since the 1950s and has never been independently audited.
  3. Whether the gold remains in the vaults or disappeared long ago has no obvious impact upon our daily lives. Read More

08.08.18- Mad Money Host Says Major Breakthrough in Gold Market Near
Birch Gold Group

This week, Your News to Know brings you the latest news involving gold and the overall economy. Stories include: A massive comeback in gold could be right around the corner, the stock market is on its way to the biggest correction since February, and Iran’s gold demand hits four-year high ahead of U.S. sanctions.

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

08.07.18- Wait until you see the price of gold in Venezuela right now
Frank Holmes

Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive.

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

08.06.18- Gold Futures Market At Extremes, Suggests Gold Price Bottom Set For 2018
Taki Tsaklanos

The gold futures market is writing history in 2018, again. Particularly, the gold futures market shows extremes in positions of key market participants. Compared to the other similar extremes in the gold futures market in the last 10 years it suggests to us that the gold price is setting its major bottom of 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

08.04.18- Gold: The Bull In The China Shop
John Ing

“Hence, a wise general makes a point of foraging on the enemy. One cartload of the enemy’s provisions is equivalent to twenty of one’s own.”

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

08.03.18- Hyperinflationary Gold at
$175 Billion Dollars

Egon von Greyerz

The Sword of Damocles is hanging over the world economy, held only by a single hair of a horse’s tail. With such visible danger, the problem could have been fixed easily by either using a gold chain or even removing the sword altogether.

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

08.02.18- Ancient Dollars and Gold Bullion
Gary Christenson

Consumer price inflation is real. It sneaks into every facet of life. Bags of coffee shrink from 16 ounces to 12 ounces and then to 10 ounces. “Shrinkflation” is policy. That Snickers candy bar is smaller but costs the same or more.

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

08.01.18- GOP Congressman Investigates Undisclosed Gold Market Intervention by China and the Exchange Stabilization Fund
The Sound Money Defense League

Rep. Alex Mooney (R-WV) Calls Out Fed & Treasury for Dodging Questions on Gold Activities

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

07.31.18- Top Gold Miners Production Declined 15% While Costs Escalate
Steve St Angelo

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.

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

07.30.18- Gold's Groundhog Day
Todd 'Bubba' Horwitz

Gold appears to be experiencing Groundhog Day every day. Like the movie with Bill Murray, gold seems to be repeating the same action day after day. Sellers meet every rally, and even when the rally appears strong, the sellers are ready.

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

07.28.18- Silver – Depressing and Exciting!
Gary Christenson

Short-term:

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

07.27.18- POP QUIZ: What’s The Difference Between “Junk Silver”, “Constitutional Silver”, And “90% Silver”?
Paul “Half Dollar” Eberhart 

Do you know the difference between “Junk”, “Constitutional”, and “90% Silver Coins”? The difference may surprise you

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

07.26.18- Crying Wolf
Keith Weiner

Quantity Theory Revisited

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

07.25.18- Disregard The Noise: Here's Why Gold And Silver Prices Are Going Much Higher
Victor Dergunov

Summary

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

07.24.18- Ted Butler: New Hope
For Higher Silver Prices
Chris Martenson

View Video

07.23.18- The Truth About Inflation And The Coming Crash
Josh Sigurdson and John Sneisen

Inflation in the US as ‘officially’ reported has hit a six year high. Let’s dive into what that means is coming for the markets, gold and silver…

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.
Breaking down this news, we take a trip through the past, present and future of inflation, why it happens and what can be done. Read More

07.21.18- How To "Measure" Your Precious Metals Holdings
Thorsten Polleit

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

07.20.18- The Silver and Platinum Express
Bob Moriarty

I’ve written about both  Group Ten Metals (PGE-V) and Metallic Minerals(MMG-V) before. I’m going to group the two companies in one piece today for a number of reasons. The companies share management. One, Group Ten, is a platinum/palladium company. The other, Metallic Minerals Corp, is oriented toward silver in the Keno Hill silver district.

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

07.19.18- Signal vs. Noise in the Gold Market
Jordan Roy-Byrne

In his book Nobody Knows Anything, my friend Bob Moriarty wrote about the difference between signal and noise. Unfortunately, much of the information in the gold space or what passes for such is really noise. Conspiracy theories around manipulation, price suppression and China are all too popular while important factors like real interest rates, investment demand and gold’s relationship to equities are neglected. At present the Gold market has experienced a critical breakdown yet in some circles a new theory and explanation is gaining traction.

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

07.18.18- Gold Price Forecast: Will Gold Prices Ever Bottom?
Thorsten Polleit

The 2-month assault on gold seems never-ending. Investors (including myself) have exceeded their breaking point. From a sentiment point of view, nearly everyone is bearish. I’ve seen this scenario play out many times. I can assure you, prices will find a bottom...if they haven't already.

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

07.17.18- Goldcorp Chairman Warns World is Running Out of Gold
Birch Gold

This week, Your News to Know rounds up the latest stories involving gold and the overall economy. Stories include: Mining experts warn that the world is running out of gold, gold is getting ready to hit $1,300, and buying gold and dumping stocks is a no-brainer this summer.

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

07.16.18- South African Mint Gets it Right with 2018 South African Silver Bullion Coin
James Anderson

A sovereign coin, silver, a Krugerrand, and a sweet price to boot! The South African Mint really hit it out of the park with this one! Here’s the details…

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

07.14.18- Everyone is Hoarding Gold
Tom Lewis

As de-dollarization continues, and even tiny nations have big plans for upping their gold reserves. Here’s the details…

The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia,Kyrgyzstan is stockpiling goldIt 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

07.13.18- Gold Should be Viewed as Money —
Not as an Investment Instrument

Thorsten Polleit

On May 4 and 5, 2018, Warren E. Buffett (born 1930) and Charles T. Munger (born 1924), both already legends during their lifetime, held the annual shareholders’ meeting of Berkshire Hathaway Inc. Approximately 42,000 visitors gathered in Omaha, Nebraska, to attend the star investors’ Q&A session.

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

07.12.18- Is There A Massive U.S. Gold Deposit Hidden In The Chocolate Mountains, California??
Steve St Angelo

Is the U.S. Government hiding a massive gold deposit in the Chocolate Mountains in California?  Well, according to a few top-notch conspiracy theorists, the U.S. Congress passed the Desert Wilderness Protection Act that has cordoned off this vast gold discovery from the public.  Unfortunately, we may never know if this mammoth gold deposit exists due to the clandestine nature of our government… or will we? Read More

07.11.18- Another billionaire says we’re running out of gold
Simon Black

A few months ago I sent you a note explaining that major gold discoveries are shrinking.

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:

If you look back to the 70s, 80s and 90s, in every one of those decades, the industry found at least one 50+ million-ounce gold deposit, at least ten 30+ million-ounce deposits, and countless 5 to 10 million ounce deposits. Read More

07.10.18- Incrementum AG Says Gold’s Hardships Could Soon Be Over
Birch Gold

This week, Your News to Know rounds up the latest news stories involving gold and the overall economy. Stories include: Gold has bottomed out and will soon go up, the gold market is starting to heat up, and gold’s value to technology sector will lead to a major spike in demand.

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

07.09.18- Top 10 Countries with Largest Gold Reserves
Frank Holmes

Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year official sector activity rose 36 percent to 366 tonnes – a substantial increase from 2016. The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. The United States holds the number one spot with over 8,000 tonnes of gold in its vaults – nearly as much as the next three countries combined.

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

07.07.18- Gold and a Drive Down Memory Lane
Gary Christianson

For most of human history gold was money. The currencies that circulated were silver, gold or paper backed by silver and gold.

Times have changed.

In 2018 we live with the Internet, fast communications, and huge piles of unpayable debt. The consequences of massive debt include:

  • That debt ($200+ trillion globally) cannot be repaid except by additional borrowing which enlarges the debt pile.
  • The owners of debt paper believe debt is an asset. They expect payment plus interest.
  • Rising interest rates make the debt destructive and the debt service more onerous. Read More

07.06.18- Silver will be gold on steroids!
Bill Holter

Rather than write on a planned topic, I received at least 20 e-mails yesterday on the same subject so had to switch gears. The e-mails were all panicky because an analyst who works in the precious metals industry suggested that silver will not perform as gold will in the coming reset. I feel the need to address this because I believe it is faulty analysis and may have motivation behind it. I will not name the analyst but can be easily discerned.

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

07.05.18- Crucial Factors Why Silver Will Increase More Than Gold During The Next Financial Collapse
Steve St Angelo

There are two crucial factors why silver will increase more in value than gold during the next financial meltdown.  These factors are not well known by many precious metals analysts because they focus on antiquated information and knowledge.  While several individuals in the precious metals community forecast a much higher Gold-Silver ratio during the next financial crash, I see quite the opposite taking place.

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

07.04.18- Life-Changing Gains
Can Be Found In Silver
Daniel Ameduri

View Video

07.03.18- Imminent EU Financial Crunch Could Signal Big Gold Price Jump
Birch Gold Group

When you’re on a ship that you know is going to take a hit from the equivalent of an “air-to-sea” missile, you don’t wait to try and protect yourself.

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

07.02.18- Sell-Off Completed?
Alasdair Macleod

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.

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

06.30.18- It's Time To Care Again About
Gold & Silver

pAdam Taggart

Fundamentals and technicals are signaling extreme undervaluation...

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:

  1. The probability of an upwards re-pricing of the precious metals is rising, and Read More

06.29.18- About The Coming Second American Civil War: Gold, Silver, And The Dollar Aren’t Buying It At All
Paul “Half Dollar” Eberhart

There’s been lots of talk about a second civil war, but looking at the action in the dollar and the metals tells a different story. Here’s the details…

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

06.28.18- Silver & Gold Will SKYROCKET! - The Crypto Revolution Has JUST Begun
David Morgan

View Video

06.27.18- The Petroleum Age
Hugo Salinas Price

Here is what I have been able to gather, from reading Steve St. Angelo’s website.

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

06.26.18- Gold and Silver: A Rarer Than Once-in-a-Lifetime Opportunity
Ron Paul

When examining our current fiat currency conundrum, it’s easy to get bogged down in historical “What ifs.” What if we never went off the gold standard? What if the Fed were never created in the first place? What if the federal government wasn’t allowed to treat debt ceilings and government shutdowns with such casual disdain?

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

06.25.18- How Long Can This Last?
Arkadiusz Sieron

Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the  gold market?

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

06.23.18- The Gold Price Manipulation “Mask” Gets Ripped Off
Birch Gold Group

Jim Rickards thinks that when you’re buying gold, looking for the best “entry point” is one key.

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

06.22.18- Gold At 6-Mo. Low,
But Metal Is Now Oversold

Jim Wyckoff

(Kitco News) - Gold prices are down and hit another six-month low in early-afternoon U.S. trading Thursday. However, prices have moved up from their daily lows. An appreciating U.S. dollar on the foreign exchange market continues to squelch buying interest in the precious metals. However, the gold market is now short-term oversold and due for a least a decent corrective upside bounce very soon, and perhaps as early as Friday. August Comex gold futures were last down $3.60 an ounce at $1,270.80. July Comex silver was last up $0.011 at $16.32 an ounce.

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

05.21.18- Own A “Bit Of Gold” As We Are Moving Ever Closer To A Trump Trade War
John Stepek

The Chinese stock market took a hit today.

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

06.20.18- The Deviant Conundrum Called Silver
Michael Ballanger

When I was a young lad, there was a classmate (let's call him "Frankie") in the very early years of my education whose behavior was quite often deemed as "peculiar" and while I found him immensely entertaining, the teaching staff and my fellow students did not entirely agree. Frankie was the kind of kid who would bang on our doorknocker on a frigid winter morning just before sunrise, fully clad in hockey skates, gloves and stick, and ask if he could skate on our frozen backyard hockey rink. The fact that it was a school day made it not exactly the brightest of decisions but my Dad would invariably say "Alright. You two boys have got 20 minutes then back in your houses to get ready for school." It was never an outright rejection on the grounds of unsuitable behavior; it was more so an accommodation for the simple reason that 20 minutes of hockey at 6:35 a.m. in advance of school was a "noble enterprise" and certainly beat watching Captain Kangaroo over a bowl of Fruit Loops. Read More

06.19.18- 5 Reasons The Drop In Gold Prices Shouldn't Worry Investors
Simon Constable

Gold prices took a hit at the end of last week, and it has some observers concerned.

But the truth is it shouldn't be worrying. Here's what you need to know:

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

06.18.18- Inflation Trade, In Progress Since Gold Kicked It Off in Q1 2016
Gary Tanashian

I am sure you remember the lead up to Q1 2016. The US economy and stock market were transitioning from a Goldilocks environment and narrowly avoiding a bear market while the rest of the world was still battling deflation. Precious metals and commodities were in the dumper and try though US and global central banks might, they seemed to fail to woo the inflation genie out of its bottle at every turn.

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

06.16.18- Follow Swiss Pension Fund- But Gold - "Don't Worry, Be Happy"
Egon von Greyerz

Brexit, Quitaly and Grexit. Debt Defaults, Stock Shocks, Bond Bubbles, Properties Popping, Derivative Defaults and Banks Busting. Well that is just some of the events that twill take place in the next few years. But the world is living in ignorant bliss of what is coming next. As the song tells us:

“In every life we have some trouble
But when you worry you make it double
Don’t worry, be happy
Don’t worry, be happy now
don’t worry” Read More

06.15.18- Donald Trump's "Madness"
Hugo Salinas Price

Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world’s monetary system, based on the paper dollar as the fundamental currency of the world.

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

06.14.18- Silver’s Not-so-subtle Outperformance
Przemyslaw Radomski, CFA

Silver soared recently and white metal’s rally was accompanied by a huge volume. Those who are new to the precious metals market will probably immediately view this as bullish as that’s what the classic technical analysis would imply. Silver is not a classic asset, though, and classic measures often don’t apply to it. One way to check the real implications of a given development is to examine the previous cases and see what kind of action followed. That’s what we’re going to do in today’s free analysis. Let’s start with silver’s daily chart. Read More

06.13.18- Gold and Silver Setting Up for
A Sleeper Breakout

Chris Vermeulen

As the world continues to see economic improvements, specifically within the US and major global markets, Gold and Silver are relegated to an after-thought by investors. Why consider Gold or Silver when the NASDAQ or S&P leaders are rallying 2%+ per week? 

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

06.12.18- WHY HARRY DENT’S $400 FORECAST FOR GOLD IS WRONG….
Price Is Heading Up Much Higher

Steve St Angelo

Harry Dent has been making the rounds suggesting that for gold to get back to its pre-bubble price, it would need to fall to $400 or $450. If we were to believe Mr. Dent, then it would be bad news for gold investors. However, Harry Dent’s gold price forecast is quite faulty because he fails to consider the most critical factor.

Harry Dent has become well-known on the internet for his $750 gold price forecast. He bases a low gold price upon what he calls “The end of the Commodity Super-Cycle.” Dent sees nothing but massive deflation ahead. Thus this will cause the gold price to fall along with all commodities. Read More

06.11.18- He Ran Into My Knife Ten Times
Gary Christenson

The song “Cell Block Tango” from the Oscar winning movie “Chicago” included the line, “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.)

1.In 1913 congress approved The Federal Reserve, the U.S. central bank which created dollar devaluation, massive unpayable debts, transfers of wealth to the financial cartel and more. This knife cut deep and caused huge economic blood loss. Read More

06.09.18- Gold Should be Viewed as Money - Not as an Investment Instrument
Thorsten Polleit

On May 4 and 5, 2018, Warren E. Buffett (born 1930) and Charles T. Munger (born 1924), both already legends during their lifetime, held the annual shareholders’ meeting of Berkshire Hathaway Inc. Approximately 42,000 visitors gathered in Omaha, Nebraska, to attend the star investors’ Q&A session.

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

06.08.18- Stock Market More Important for Gold than US Dollar
Jordan Roy-Byrne

The fundamental drivers for Gold and the US Dollar are similar and that is why they typically trend together. Negative and/or falling real rates drive Gold and the same drives the greenback though with respect to differentials between the other competing currencies. When real rates are rising or strong in the US that is bearish for Gold and bullish for the US Dollar. The opposite is also true. And with the US Dollar being the global reserve currency, it naturally competes with Gold, which is an alternative. All being said, history as well as recent action suggests that weakness in the stock market is more crucial to Gold’s future than weakness in the US Dollar.  Read More

06.07.18- Gold’s Break-Out Must Occur Within Months But It Looks Imminent
Clive Maund

Gold’s breakout from its giant 5-year base pattern has had to wait for the dollar rally to run its course, which it now appears to have done, and this being the case, gold is now free to break out into a major bull market that looks set to dwarf all prior ones. We have in the past described gold’s base pattern from 2013 as a complex (multi-shouldered) Head-and-Shoulders bottom and while this description is still valid, it is perhaps more simply described as a Bowl or Saucer pattern, that is shown on its latest 10-year chart below. Read More

06.06.18- Gold’s Monetary Rehabilitation
Aasdair Macleod

There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in Asia. And every time the Americans deploy their control over global trade settlement as a weapon against the regimes they dislike, nations who are neutral observers take note and consider how to protect themselves, “just in case.”Read More

06.04.18- Gold and the Monetary Blockade on Iran
JP Koning

With Donald Trump close to re-instituting economic sanctions on Iran, it's worth remembering that gold served as a tool for skirting the the last round of Iranian sanctions. If a blockade were to be re-imposed on Iran, might this role be resuscitated?

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

05.02.18- How silver changed the world
Adolfo Arranz


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.

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

06.01.18- Gold - The Only Money That Can't Be Debased
Egon von Greyerz


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.

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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