05.18.19- Why We Need Gold
Peter Grosskopf

It has been nearly a decade since I made a career change from investment dealer to asset management. Throughout that time, the asset management industry has continued to change dramatically, bringing many benefits to investors. These include overall fee compression, the ability to own almost every conceivable segment of the market through ETFs, some increased participation in "alternative" investment strategies, much-improved access to information and risk disclosure and the proliferation of fee-based accounts providing tailored investment advice. The markets have delivered strong overall returns globally and those who have not been fully invested have been punished as asset classes of all descriptions rose in tandem, fueled by reasonably strong economies and low-interest rates. Read More

05.17.19- Coming Economic Collapse
Guarantees Socialism

Egon von Greyerz 

How can a small clique of gold owners holding less than 0.5% of world financial assets be right? They are clearly a minuscule minority of obstinate goldbugs and contrarians who are living in the past. Or do these people see something that the majority of investors don’t?

More than 99.5% of world financial assets are invested in other things but gold. That makes gold one of the least desired asset classes on the planet. Most professional as well as private investors would never consider gold as part of their portfolio. Read More

05.16.19- Crazy Not! Much Higher Gold Prices
GE Christenson

Egon von Greyerz discussed “3 Dozen Reasons to Hold Gold” and mentioned price targets of $30,000 for gold and $3,000 for silver. Gold sells for $1,310 and silver sells in the mid-$15s. His numbers suggest that gold could increase by a factor of 20 and silver by nearly 200. For perspective, refer to the table below.

He shows the many reasons to own gold in the following “Time Bomb – Global Risk” graphic. Read More

05.15.19- Finally, Silver Prices May Have Bottomed, But What Happens Next?
David Lin

Silver may have finally hit a bottom as the metal trades near the lowest point in four years, this according to a report published by Sprott. 

“At ~$15, the silver price is close to levels not seen since 2015 and we see little downside risk at this level. Any future economic hiccups and market sell-offs are likely to encourage investors to look for safe havens and alternatives to traditional financial assets,” the report said. Read More

05.14.19- To Stack Or Not To Stack: What To Do When You Get To 1000 Ounces Of Silver & 5 Ounces Of Gold?
David Morgan

David Morgan answers your questions today, including this one about strategy. Not sure what to do next? Here’s David with some options…

I’ve Been Helping My Members weather the economic mess for over 20 years. Now I invite you to join my growing circle of successful investors and the 15,000-plus members we’ve helped scattered over the globe and over 100,000+ free newsletter subscribers have read our weekly e-newsletter. Read More

05.13.19- Precious Metals Are Setting Up For A Major Rally While The Broader Markets Are Primed For A Crash
Steve St Angelo

While many precious metals investors are concerned about the current low prices, I believe gold and silver are setting up for a major rally while the market is primed for a crash.  Why?  Because the broader market technical indicators versus the precious metal have been pushed to opposite extremes.  Thus, when one goes down, the other will rise.  And, we also must remember, gold and silver act as a FEAR TRADE when the conditions get ugly in the market. Read More

05.11.19- What Is A Bigger Alchemists’ Dream: MMT Or Transmutation Into Gold?
Arkadiusz Sieroń

Traditional alchemist always desired to turn lead into gold. The modern ones want to increase government spending without any limits. We invite you to read our today’s article about the Modern Monetary Theory and find out what is it and what would mean for the gold market, if implemented.

Great news for all who oppose the House of Lannister’s rule in King’s Landing – the final season of the Game of Thrones has eventually began, so the status quo in Westeros will be certainly challenged. Read More

05.10.18- Just Introduced Federal Legislation Would Require FULL AUDIT Of America’s Gold Reserves
Stefan Gleason

Washington, DC (May 8, 2019) – U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration.

The Gold Reserve Transparency Act (H.R. 2559) – backed by the Sound Money Defense League and government accountability advocates – directs the Comptroller of the United States to conduct a “full assay, inventory, and audit of all gold reserves, including any gold in ‘deep storage,’ of the United States at the place or places where such reserves are kept.” Read More

05.09.19- Moves In Gold And Silver Will Be
1970s On Stilts

Egon von Greyerz

My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won’t be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 – a 24x explosion in very different conditions. Read More

05.08.19- Opportunity knocks!
Bill Holter

We ran this article last week for subscribers and are releasing it for the public this week.  (We will then also re-run an article done last summer regarding junk silver.)  Currently an anomaly exists that only a couple years ago could not have been imagined.  10 years ago it would have been considered an impossibility!

Back in 2010, when gold traded around $1,000 per ounce, “numismatic” pre-1933 gold coins traded for huge premiums.  This happened because there was fear the Obama administration might go the route of FDR and confiscate bullion.  That did not happen, but we did get to see a precursor to what might be should (when?) confiscation become a reality. Read More

05.07.19- Gold An Important Portfolio Diversifier as Demand Increases by 7%
Birch Gold Group

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Global gold demand rises by 7%, bullish gold wave is coming, and central banks continue their sky-high gold purchases into the new year.

Global Gold Demand Rises By 7% in Q1 2019

In their analysis of market metrics for the first quarter of 2019, the World Gold Council took note of a 7% increase in global gold demand compared to the previous year, reports Kitco. Read More

05.06.19- What Knocked Me Off My Feet About Bart Chilton’s Last Interview
Ted Butler

The news that Bart Chilton, the former commissioner of the CFTC, suddenly passed away was truly sad but also shocking, so much so that some were given to fabricating conspiracy-type explanations. Chilton certainly had a larger than life persona and many came to appreciate his colorful pronouncements, enthusiasm and willingness to respond to just about everyone who contacted him – qualities quite rare in a regulator. I learned this first-hand very early on when I started communicating with Chilton shortly after he became commissioner in 2007, as I recounted not even a month ago in reaction to his last known interview, with Chris Marcus from Arcadia Economics – Read More

05.04.19- The Nature of Money
and our Monetary System

Johnny Silver Bear

As the editor of the Silver Bear Cafe, I try to focus on the ramifications of world events. I try to understand how what's going on now will affect your pocketbook next week, next month, next year. It is my sole intent to help you consider the possibilities which will, in turn, help you prepare for your financial future.

One of the most important aspects of your financial survival concerns your understanding of the nature of money. If you believe that precious metals do not constitute "money", you may have been misled. If you have been misled, who misled you? Why? And "What's wrong with this picture"? Read More

05.03.19- How Gold Could Stage
a 20% Rally This Year

Myra P. Saefong

Gold prices fell in April and have now given back their gains for the year, but they could still climb 20%in 2019.

Futures settled at $1,272 Thursday, leaving them down 0.7% on the year. They lost 1% in April, for their third consecutive monthly decline. The world’s largest gold-backed exchange-traded fund, SPDR Gold Shares (ticker: GLD), is down 1.1% this year.

“In 2019, capital has been flowing into stocks, U.S. Treasuries, and recently, the U.S. dollar,” says Taki Tsaklanos, founding author at financial analysis provider Investing Haven. After gold rose earlier this year, “investors bumped into gold’s bear market wall [of $1,375 an ounce]. This bear market wall proved to be too stubborn, so capital found its way to other defensive asset classes,” he adds. Read More

05.02.19- More Trouble in Mexico: Second Largest Silver Mine Suspended Operations
Steve St Angelo

In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico.  The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been dealing with a blockade of its operations since March 27th.

The blockade was started due to issues with the local community in regards to water supply concerns and problems with a trucking contractor.  However, the protests by the local community over water rights have been going on ever since the Penasquito Mine started operations in 2010. Read More

05.01.19- Why US Dollar Strength is Long Term Catalyst for Gold
 Jordan Roy-Byrne

As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different. 

The standard inverse relationship has not been a perfect one in recent months or years. 

In the chart below we plot Gold, gold stocks and the US Dollar. Read More

04.30.19- The Debt Time Bomb:
Amend, Extend And Pretend

Marin Katusa

“Hey Marin, we don’t invest in gold companies for yield. We invest in gold stocks as a hedge to the overall markets. And for leverage on the price of gold.”

What a bunch of nonsense.

Have you ever heard the phrase, “What a gold mine!”?

That common, age-old expression was actually a positive reference to having something very valuable. Notably, a gold mine that paid its owners very well by producing gold. Read More

04.29.19- China Holds the Gold
and Will Make the Rules

Egon von Greyerz

Gold is the ultimate insurance against a bankrupt financial system, a corrupt political system and a rotten monetary system. But official propaganda, combined with people’s greed, mean that virtually nobody understands the necessity of insuring against these risks. Also, investors are convinced that stocks always go up and therefore that the 147x growth in the Dow since the end of WWII will continue unabated. Few understand that exponential growth in stocks is totally dependent on an equally exponential expansion of money printing and credit, including share buybacks. Read More

04.27.19- Market Report: PMs steadier
after last week’s sell-off

Alasdair Macleod

From last Friday’s close gold recovered slightly after last week’s sell-off, gaining $7 at $1283 by early European trade this morning. Silver was up three cents at $15.04 over the same time period. Trading was generally light, being Easter week with many markets closed on Good Friday and Easter Monday. 

The lowest prices were seen on Tuesday, when silver sold off to $14.75, a level not seen since Christmas, and gold down to $1266.30. Volumes picked up noticeably on that day. Tuesday is also the day of the Commitment of Traders figures, so no doubt it will register as very oversold. We will know more this evening when the numbers are released after trading hours. Read More

04.26.19- Will Stephen Moore
Make Gold Great Again?

Arkadiusz Sieroń

Last month, Trump said that he considered Herman Cain and Stephen Moore as his picks to the Federal Reserve Board. As the former had withdrawn his name from consideration, the focus shifted to the latter. Who is Mr. Moore exactly and what would his nomination imply for the gold market?

Who Are You, Mr. Moore?

There are still two vacancies at the Board of Governors of the Federal Reserve Board of Governors. It’s possible that Stephen Moore will fill one gap, which has provoked great controversy. Read More

04.25.19- Fat tailed put option
and the ultimate call…!

Bill Holter

If one offered investors a fat tail put option that never decays or expires, costs about -1% pa to carry, has no counter party risk & no chance of ever becoming worthless, there would be a line out the door. But when one explains that this option is physical gold… no interest.–          S. Mikhailovich

The above quote has been atop www.jsmineset.com   for over 6 months now.  Recently, several readers have asked “what does it mean and why has the quote remained for so long”?  With financial markets bloated and ready to implode without notice, let’s look at this very important concept and then expand on it as you will see. Read More

04.24.19- Bankrupting Coffee Shops – Precious Metals Supply and Demand
Dr. Keith Weiner

Coffee, Milk and Gold 

Last week was holiday-shorted due to Good Friday (it’s not an official holiday in the US, but it is in the UK. And this week’s report is a day late due to Easter Monday). The price of gold dropped $15, but the price of silver rose ¢4. Perhaps silver traders got word that we are paying interest on silver, which gives people a reason to hold silver? J

The discussion in the opening essay [which can be found here, ed.] is germane to the topic of the gold price. It should be clear that—whatever its virtues—gold will not protect you from the second cause of rising prices (i.e., regulation that destroys productive businesses, and thus supply of goods, and hence causes prices to rise). The price of gold does not go up just because the city bankrupts another coffee shop. Read More

04.23.19- Manipulation of Gold Price Is As Evil As WWII Expropriation
Chris Powell

View Video

04.22.19- 95% Stock Market Loss
and a Can Too Big to Kick

Egon von Greyerz

Will the average stock portfolio gain 1,900% to make up for the coming 95% fall? This is the unenviable task that investors will be facing in years to come.
Six weeks ago I wrote about Alfred, a 74 year old man who during his life made a $14 million fortune in stocks by always being invested in the Dow. Alfred never analysed the US or the world economy. Nor did he analyse a single stock. Always being in the market was his secret. Read More

04.20.19- Why Gold Could Rise
For The Next 10 Years

Bert Dohmen

Contrary to popular opinion, gold and silver are not hedges against a crisis. In fact, a crisis may cause all salable assets, including precious metals, to be sold in order to get cash.

At Dohmen Capital Research, we believe a good recent example is the 2008 global crisis. Gold plunged 31% as credit tightened, the crisis accelerated and a rush to cash from all assets commenced.

That was painful for bulls who didn’t know that a credit crisis causes all assets to plunge. But it also created a great buying opportunity at the bottom. Here is the chart of the gold ETF during that time: Read More

04.19.19- Gold Still To React To U.S. Dollar Weakness, Watch For A Move Higher 
Anna Golubova

Gold prices are likely to see a move up next week as the yellow metal recovers following Thursday’s big drop, according to analysts.

The precious metal’s prices dropped 0.32% this week, with the biggest losses seen on Thursday, when the metal fell 1.5%. June Comex gold futures were last trading at $1,296, up 0.21% on the day.

The good news in all of this has been gold finding its footing, with prices expected to rebound slightly next week amid lower trading value due to a series of public holidays around the world for Easter. Read More

04.18.19- World’s Largest Primary Silver Miner Production Plunges
Steve St Angelo

Silver production at the world’s largest producer fell significantly in the first quarter of the year.  Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine.

Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018. Read More

04.17.19- Dollar Dominance Under Multiple, Converging Threats
Jim Rickards

For years, currency analysts have looked for signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute agreed upon at some Bretton Woods-style monetary conference.

That push has been accelerated by Washington’s use of the dollar as a weapon of financial warfare, including the application of sanctions. The U.S. uses the dollar to reward friends and punish enemies. Read More

04.16.19- Time to Become a Hindu
Jeff Thomas

For centuries, East Indians have regarded gold as the primary source of wealth. All Indians own gold if they can afford to. They keep it as close as possible, sometimes in coin form, but often as jewellery, since “wearing wealth” means that it can be kept very close. They’re often especially reluctant to trust banks to hold their gold.

Hindus make up 80% of India’s population and, to Hindus, gold is sacred. Lakshmi (pictured above) is the Hindu goddess of purity, prosperity and good fortune. Her symbol is gold, so gold plays an important part in Hindu ceremonial occasions and Hindus donate large amounts of gold to the temples in Lakshmi’s name. Read More

04.15.19- Cartel Desperate To Keep Gold & Silver Prices Down Right Up Until The Collapse
Paul “Half Dollar” Eberhart

The cartel is lashing-out in sheer desperation, and gold & silver are the targets, but the lashing is not likely to last long. Here’s why…

Editor’s Note: This post is subjective opinion and possibly offensive. Do not continue reading if easily offended. Read More

04.13.19- Silver Shortages are Here and Gold Scarcity is Coming
Egon von Greyerz

MMT is the socialists’ dream. It officially stands for Modern Monetary Theory but a more appropriate name would be More Money Theory. Because MMT is just a fancy name to justify more money printing, more deficits and more debts. Socialists love MMT, because for a sovereign nation, it justifies constantly living above your means.

This is of course nothing new for the US which has practised MMT for soon 70 years. Not since the early 1960s has the US had a real budget surplus. Europe has had socialist governments for decades, but for the US it is a relatively new phenomenon. Alexandria Ocasio-Cortez (AOC) has now picked up the baton from Krugman, arguing that socialism and deficit spending is the solution to the US problems. Read More

04.12.19- Golden Straws In The Wind
Alasdair Macleod

Life in the world of gold bullion is full of mysteries. Each mystery is like a straw in the wind, which individually means little, but tempting us to speculate there’s a greater meaning behind it all. Yes, there is a far greater game in play, taking Kipling’s aphorism to a higher level.

One of those straws is Russia’s continuing accumulation of gold reserves. Financial pundits tell us that this is to avoid being beholden to the US dollar, and undoubtedly there is truth in it. But why gold? Here, the pundits are silent. There is an answer, and that is Russia understands in principal the virtues of sound money relative to possession of another country’s paper promises. Hence, they sell dollars and buy gold. Read More

04.11.19- Sound Money From a Biblical Perspective
Claudio Grass


"It is the mark of an educated mind to be able to entertain an idea without accepting it."
- Aristotle

In today’s world, it is obvious that the competition of ideas is under serious threat and with it, the much-needed discussions on how to deal with certain topics or try to understand the world we live in. That is particularly worrying, especially when one considers that the western world went through the process of Enlightenment roughly 200 years ago. In the words of Immanuel Kant: Read More

04.10.19- If Evidence Of Gold & Silver Manipulation Isn’t Enough For Charges, Maybe Govt Is The Perp?
Chris Powell

Perhaps the underlying manipulator of gold & silver hasn’t been JP Morgan, but perhaps it has been the US government itself? Here’s why…

Dear Friend of GATA and Gold:

In commentary posted SilverSeek, silver market analyst Ted Butler reports confirmation from former Commodity Futures Trading Commission member Bart Chilton that JPMorganChase assumed from the collapsing investment bank Bear Stearns a massive short position in silver and has been allowed to manipulate the silver market for years right to the present day. Read More

04.09.19- "Maintain Stable Prices" - Who are the Central Banks Kidding?
Egon von Greyerz

One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability to read the economy. The clueless Fed overslept and realised a few years too late that the US economy was overheating. So at the time when the economy was turning down, the Fed started to increase rates and implement QT (quantitative tightening). But now they are panicking and reversing policy again. I discussed the incompetence of the Fed last week.

Below is the Fed’s Incompetence Chart. Some people would use a sophisticated description like an inverted yield curve when the rate goes negative. But that doesn’t tell the real story. Read More

04.08.19- CFTC Deep State Insider exposes the Precious Metals Manipulation … Game On!
J. Johnson

The manipulated price of Gold is now trading at $1,291.50, down $2.80 with the low right here at $1,285.90 and the high to beat at $1,297.80. The manipulated price in Silver is now at $15.085, up 1/10th of a penny with the low right here at $15.065 with its high at $15.175. The US Dollar is also as flat as the precious metals with its trade at 96.92, down ½ of a 100th doing the exact opposite of the real money sector and is closer to the high at 96.94 than the low at 96.81. All this of course was done way before 5 am pst and before the Comex Open. Venezuela’s currency situation now has Gold priced at 12,898.86 Bolivar losing 23.97 overnight with Silver pegged at 150.661 Bolivar gaining .749. After yesterday’s EXPLOSIVE Ted Butler article and the facts he presented, it is our opinion these price swings in the emerging market currencies, are about to happen in the primary currencies (imo) because of the CFTC’s past hidden transgressions against the price of Silver and Gold. Read More

04.06.19- Weekend Rant: Confirmation,
Outrage and Disgust

Ted Butler

A recent interview with former CFTC Commissioner Bart Chilton nearly knocked me off my feet because it confirmed what I have alleged, starting more than 12 years ago. I’ll include the interview later, but first I will set the background of the subject and timeline in order put Chilton’s words into the proper perspective. The subject is JPMorgan’s manipulation of the silver market. The timeline is important because Chilton does misstate some facts that need to be corrected. I’m not a big fan of articles that include lots of links to past articles, but in this case it’s unavoidable. Read More

04.05.19- Silver Bullion Set to Soar
to $50 an Ounce

Mark O'Byrne

- Silver bullion is the most undervalued precious metal, commodity and asset today

- Silver very rarely covered in the media and thus the fundamentals are not understood

- Supply demand fundamentals are very positive indeed as seen in recent report from Capital Economics

- While industrial demand may weaken, investment and safe haven demand will surge in the next crisis
Read More

04.04.19- Will Basel III Send Gold to the Moon?
Monetary Metals

A number of commentators have predicted that the rules of the Basel III bank regulations will cause gold to skyrocket (no, this article is not about our view that gold does not go up, that it’s the dollar going down, that the lighthouse does not go up, it’s the sinking ship going down in the storm).

Will it? It would be easy to say—as with all of their other predictions of gold to infinity and beyond—“wait and see.” But where’s the fun in that? We’d rather look into the nature of the claim, how banks operate, and what the regulation actually says. Read More

04.03.19- Commerzbank Sees $1,400 Gold, $16.50 Silver By Year-End
Allen Sykora

Commerzbank looks for gold to climb as high as $1,400 an ounce and silver to $16.50 before the end of 2019.

Gold started the year strongly, nearly reaching $1,350 an ounce last month, helped by a U.S. Federal Reserve that made a dovish U-turn and now appears cautious about hiking interest rates again. However, the metal subsequently gave up much of its gains and was trading at $1,303.60 as of 8:20 a.m. EDT. Silver, which has followed gold up and back down, was at $15.35. Read More

04.02.19- ADL Predictions for the Price of Gold
Chris Vermeulen

As we’ve been suggesting for months, expect continued moderate price weakness in Gold and Silver through most of April 2019 and possibly into early May 2019 before a strong price rally will setup and push Gold prices well above $1500 before the end of 2019.  Our Adaptive Dynamic Learning predictive price modeling system has been calling for this move for many months (see the chart below).  This advanced predictive price modeling system is suggesting that in May/June of 2019, we will likely see a bigger price rally unfold in Gold and Silver which may be paired with some type of geopolitical or global economic event.  See this article for more details. Read More

04.01.19- A Primer On How To Buy And Store
Gold & Silver

Adam Taggart

Most people aren't aware of the full range of options

I'm always surprised by how few people understand the options for buying precious metals. Even the very affluent.

I recently returned from a conference full of highly-qualified investors who "get" the economic risks we discuss here at PeakProsperity.com. And on multiple occasions, I was asked if I could demystify the purchasing process for folks who wanted to build a position in gold and silver. Read More

03.30.19- FORECAST: $1400 Gold in 2019
David Morgan

Silver expert David Morgan tells Silver Doctors he expects $1400 gold in 2019. Above that level, there’s not much resistance until $1600…

Morgan says we’re seeing stagflation. While the global economy is shrinking, prices continue to rise.

The yield curve has inverted regarding the 3 Month and 10 Year Treasuries. This signals a recession, Morgan says. Read More

03.29.19- Yield Curve Has Inverted.
Will Gold Price Rally Now?

Arkadiusz Sieroń

The yield curve followed suit of the Fed and also inverted. Inverted yield curve is a sign of an incoming recession, they say. However, what is the background of this yield inversion and how will gold react to its emerging story?

Red alert! Or, actually, a yield alert! After months of worries, the yield curve has finally inverted. Well, maybe not the whole yield curve, but one of its segment. As one can see in the chart below, the spread between US 10-year Treasury and 3-Month Treasury dived on Friday to its lowest since 2007. Read More

03.28.19- The Biggest Short And
The Spectacular Long

Egon von Greyerz

The astonishing Fed again proved the consistency of its inconsistency.

Since its creation in 1913, and especially after WWII, the Fed has always been behind the curve. It is hard to believe that this is just incompetence. The recent change of policy hardly seems to be part of a plan but rather another reaction to events. Looking back at the Fed’s policy decisions, it is clear that virtually all are reactive rather than proactive. Read More

03.27.19- Crescat Capital Analyst Says Firm is Buying Gold and Selling Stocks
Birch Gold Group

This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Financial firm urges investors to buy gold and sell stocks, the only place for silver prices to go is up, and gold glimmers as global negative-yielding debt surges.

Buying Gold and Selling Stocks is the Trade of the Century

Crescat Capital ranks as one of the best-performing funds of 2018, boasting a return of as much as 41% through one of its arms over the course of the year. The firm is no stranger to equities and has frequently and prominently included them as part of their strategy. Read More

03.26.19- Only Gold Stands Against
the Final Catastrophe

Egon von Greyerz

Have the Ides of March been delayed in 2019? Normally the Ides of March just means the date March 15th. Shakespeare made the expression ominous as it was the day that Julius Caesar was murdered. Today in 2019, the 29th of March seems more significant than the 15th. Because on the 29th, we first have the conclusion of Brexit. Or maybe we don’t! Brexit has been a tortuous process that after 3 years has got nowhere. All it has done is to reveal the EU elite’s megalomania as well as their intransigence. It has also revealed the complete incompetence of the UK government as well as Mrs May’s total indecisiveness and her inability to distinguish between activity and achievement.Read More

03.25.19- The Hidden Profit Inside Silver Eagles
Jeff Clark

Most precious metals investors expect to reap a profit on their gold and silver as a result of higher spot prices. 

But what if I told you that when selling certain types of coins, you could gain another layer of profit when you sell? A little leverage on the spot price when it rises.

It’s entirely possible. Here’s how… Read More

03.23.19- On The Hot Seat... 
Jim Cook Interviews Ted Butler

Jim Cook

Jim Cook: A minor analyst recently remarked that he didn’t believe any of the claims you make about market manipulation and called it conspiratorial stuff. What do you say about that?

Ted Butler:That’s the main reason my arguments have never caught on in a big way. Nobody wants to be associated with a conspiracy. However, I draw my conclusion from government data like the Commitment of Traders report and the Bank Participation report. There’s nothing conspiratorial about the data and my conclusions are factual. Read More

03.22.19- Gold - Preparing For The Next Move
Alasdair Macleod

The global economic outlook is deteriorating. Government borrowing in the deficit countries will therefore escalate. US Treasury TIC data confirms foreigners have already begun to liquidate dollar assets, adding to the US Government’s future funding difficulties. The next wave of monetary inflation, required to fund budget deficits and keep banks solvent, will not prevent financial assets suffering a severe bear market, because the scale of monetary dilution will be so large that the purchasing power of the dollar and other currencies will be undermined. Failing fiat currencies suggest the dollar-based financial order is coming to an end. But with few exceptions, investors own nothing but fiat-currency dependent investments. The only portfolio protection from these potential dangers is to embrace sound money - gold. Read More

03.21.19- IT’S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years
Steve St Angelo

With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years.  We have to go all the way back until the year after World War II ended to see U.S. silver production less than it was in 2018.  While many reasons can be attributed to the decline, the main factors are falling ore grades and mine economics.

Unfortunately, there just aren’t too many economic silver deposits in the United States, especially with the high level of environmental and governmental regulations. Read More

03.20.19- The Road Ahead for the Dollar
Hugo Salinas Price

The original silver dollar, created at the birth of the United States, was based upon the silver Spanish “Pieces of Eight” minted at the Royal Mint in Mexico City, under Spanish rule at that time. This was a very widely used coin throughout the world. Because in its early years the US had no mint, the first US silver dollars were minted in Mexico, for the Revolutionary Government of the US. The US silver dollar contained .774 ounce of pure silver. Read More

03.19.19- Palladium Panic-Bid To Record Highs As Putin Corners Market

Palladium soared to a new record high over $1600 an ounce overnight, up 27% year-to-date, as global supply concerns dominate slumping-auto-demand fears.

Even as auto sales in key markets slow around the world, Bloomberg reports that demand for the metal - mainly used in auto catalytic-converters in gasoline vehicles - has remained robust as manufacturers scramble to get hold of palladium to meet more stringent emissions controls, particularly in China.

Palladium has become the precious-est of precious metals. Read More

03.18.19- Jay Taylor: Under “Basel III” Rules,
Gold Becomes Money!

In 2018, central banks added nearly 23 million ounces of gold, up 74% from 2017. This is the highest annual purchase rate increase since 1971, and the second-highest rate in history. Russia was the biggest buyer.

And not surprisingly, the lion’s share of gold is flowing into central banks of countries that are in the sights of America’s killing machine—the Military Industrial Complex that Eisenhower warned us about in 1958. Read More

03.16.19- Bob Moriarty: Invest When You’re Terrified, Sell When You’re Pleased
Energy & Gold

In Energy & Gold’s latest conversation with 321gold founder Bob Moriarty we traverse a wide variety of topics ranging from a half dozen of Bob’s favorite stocks right now to the outlook for copper and a potential return to the gold standard. Bob even manages to drop a few investing adages that i’ve never heard before including the one in the title of this interview. Without further ado here is Energy & Gold’s March 2019 conversation with Bob Moriarty… Read More

03.15.19- What Will You Be Holding When The Dollar Dies?
Louis Cammesoano

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03.14.19- 3 Things That Don’t Affect Price of Gold
Jordan Roy-Byrne

It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market.

To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.

The technical trigger will be Gold and gold stock outperformance of the stock market which will likely precede the fundamental catalyst of Fed rate cuts. The start of rate cuts will indicate declining real interest rates which is the key driver of bull markets in Gold. Read More

03.13.19- Precious Metals Analyst Says Gold’s Recent Dip Only Temporary
Birch Gold Group

Gold’s Dip Below $1,300 is Temporary

In a recent Seeking Alpha post, Metal Bulletin precious metals analyst Boris Mikanikrezai advised Americans not to look too deep into gold’s recent dip below $1,300. As Mikanikrezai explained, gold has too many strong upwards drivers to falter, and a pullback will merely act as a temporary consequence of selling pressure, says Kitco. Read More

03.12.19- Predictions for gold from a legendary natural resource investor
Simon Black

Here’s when you know that you’ve made it into popular culture…

It’s when you get credit for a great quote, but no one really knows who said it first.

If there’s any doubt, people’s go-to list is usually either Albert Einstein, Mark Twain or the former New York Yankees catcher, Yogi Berra.

For example, there’s the quote, “predictions are hard, especially about the future,” which is often attributed to Berra. And “compound interest is the eighth wonder of the world,” attributed to Einstein. For Twain, pick a random quote, and people may give him the credit. Read More

03.11.19- Are You Ready for the
Next Big Move in Gold?

Chris Vermeulen

If you were following our research, you would have known that Gold had reached a short-term peak in February. On Feb 19th the day gold posted a huge gain for the day and everyone was bullish and feeling like million bucks I did a radio show with HoweStreet’s Jim Goddard and said that strong day and overly positive sentiment was the going to be the top.

We had been advising our members that Gold would likely retrace below $1300 possibly beeper by and mid-April.  Our advanced Adaptive Learning price modeling systems had warned us that Gold would likely setup a price rotation before the next move higher back in January 2019.  This is what you need to know about the next 4+ weeks in Gold. Read More

03.09.19- Gold Could Reach $1,480 by 2020
Birch Gold Group

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold’s technicals will bring the metal to $1,480 in 2020, why gold is still on long-term track to reach $2,000 an ounce, and Uzbekistan’s central bank aiming for 430-ton gold stockpile within a few years.

Gold’s Technicals Will Bring the Metal to $1,480 in 2020

After a stellar run that saw gold all but erase its losses from the previous year, both new and old entries to the market have been left wondering: what’s next in store for the metal? Read More

03.08.19- Gold To Soar As Central Banks Try To Play God Again
David Brady

My principal thesis for “the low” in Gold has been a Fed policy reversal to interest rate cuts and QE, causing the dollar to tank and Gold (and everything else) to soar. Nothing has changed in that regard.

What has changed is that the central banks are already turning the monetary spigots back on—all but the Fed. This morning the ECB announced new stimulus measures just two months after they supposedly tapered their QE program to zero. Think about that. They turned off the monetary spigots for a proverbial five minutes, German and EU economic data continue down the sinkhole along with inflation, and the ECB does a 180 back to QE and likely NIRP too (both of which clearly don’t work, but what else can they do?). This is the definition of a “Ponzi scheme”. Without increasing cash inflows, it collapses. That is the EU and global markets today. Read More

03.07.19- Gold And Silver Take The Stairs Higher And Elevator Lower- PGM’s Shine
Andy Hecht

Higher interest rates and a stronger dollar tend to be a potent bearish cocktail for gold and silver prices. On Friday, March 1, the most widely traded precious metals markets received another reminder of how they love to take the stairs higher and an elevator to the downside during price corrections.

Gold and silver had been taking the stairs higher

The price of gold had been moving to the upside since mid-August when the yellow metal traded to a low at $116140. The most recent peak came on February 20, when gold reached $1344 per ounce on the continuous futures contract. The rally over six months took the price 15.7% higher, an impressive gain considering the decline last summer. Read More

03.06.19- Should we be investing in gold in 2019?
Jeffrey A. Tucker

Diamonds may have the edge when it comes to a girl’s best friend but as the world becomes more volatile year by year, investing in the yellow metal is de rigueur and a prudent strategy in a balanced portfolio.

They say 10% of your wealth should be in precious metals… wonder will this apply to the Euromillions 6 and their €30 million each? John Lowe the Money Doctor gives the background. Read More

03.05.19- The Gold-Gambling Casino
Hugo Salinas Price

The world used gold coins as money up until the first years of 1900.

Since that time, the world's use of gold as money has ceased, and as of today, gold's only function is as a means of saving wealth for future use.

Today, the market for gold consists of two groups of individuals or economic entities: a) those who wish to acquire gold for the purpose of saving some wealth for future use, and b) those who hope to realize a profit in terms of paper money, by speculating in the gold market.  Read More

03.04.19- Platinum vs. Palladium – What you need to know about the demand and price analysis
Chris Vermeulen

The continued rally in Palladium has prompted speculation that Platinum, Gold, and Silver will follow this trend upwards with renewed buying pressure. The one thing that many people are not considering is that Palladium is an industrial use component for many manufacturing sectors – specifically the automotive sector. As traders, we must understand that a rise in global demand for autos will increase the global demand for Palladium goes beyond traditional safe-haven demands for other metals like Platinum, Gold, and Silver.  Read More

03.02.19- How Smart Investors Will Profit From Rising Gold Prices
E.B. Tucker

Editor’s Note: As regular readers know, Bill thinks gold is likely headed higher. But, our editor doesn’t give out investment advice… he just connects the dots.

That’s why, for today’s guest essay, we’re featuring E.B. Tucker. As a board member of a gold royalty company, he knows a thing or two about owning and investing in gold. Below, E.B. explains why money is about to flow back into this sector… and shows there’s a better way to play the trend than just owning physical gold…

Regular Diary readers will remember I wrote to you on Wednesday. I told you why I thought gold was headed to $1,500 this year. It’s currently trading at $1,330. Read More

03.01.19- Gold Price Forecast: A Warning Signal From The Far East
Christopher Aaron

The gold price has been strong recently, having risen over $180 from the August 2018 low of $1,167 to the peak above $1,347 as of last week.

There have been solid fundamental reasons for gold’s run: primarily, the Federal Reserve last month hinted that it may not continue raising interest rates, as it had been assuring it would over the past three years. Such in turn has been considered a sign that the Fed may in fact reverse course and begin cutting rates later this year, which is generally considered negative for the value of the dollar and positive for precious metals.

However, are these fundamentals enough to keep bullion’s run alive? Will this market narrative continue going forward? Read More

02.28.19- Bullish Sentiment Won’t Prevent a Breakout in Gold
Jordan Roy-Byrne

Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years. 

Lesson learned. 

Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative position (as a percentage of open interest) and the widely followed daily sentiment index. Read More

02.27.19- U.S. Mint Sells Out Of 2018-2019 American Eagle Silver Coins
Birch Gold

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: U.S. Mint sells out of American Eagle Coins, there is good cause to be optimistic about gold, and gold will test 2016 highs next.

Last week, the U.S. Mint announced that it sold the last of its 2018-2019 batch of American Eagle Silver coins. According to Kitco, the U.S. Mint stated on Thursday that the series included 6 million units of one-ounce coins. In the announcement, the Mint blamed the shortage on market fluctuations and reassured investors that production of new coins is underway. Read More

92.25.19- Mr. Butler's Silver Newsletter
James Cook

Silver analyst Theodore Butler writes a twice weekly newsletter on precious metals. Only a few people get to read this important newsletter. I’ve been talking to Ted about releasing one full issue for people to read. It’s important for investors to see the scope of his analysis. Mr. Butler has been a paid consultant to my company Investment Rarities for almost 20 years. I can vouch for his absolute integrity and his cautious approach in analyzing silver and gold. He relies on evidence and facts in arriving on his conclusions. He analyzes every known fact about silver and his knowledge of the silver market is unsurpassed. It’s no exaggeration to call him a silver genius. He has agreed to release the following current newsletter which gives insight into the thoroughness of his approach. Read More

02.25.19- The return to a gold exchange standard
Alasdair Macleod

This article makes the obvious point that a return to a gold standard is the only way nations can contain the interest cost of servicing debt, given the alternative is inflationist policies that can only lead to far higher interest rates and currency destruction. The topic is timely, given the self-harm of American economic and geopolitical policies, which are already leading America into a cyclical slump. Meanwhile, American fears of Asian domination of global economic, monetary and political outcomes have come true. The upcoming credit crisis is likely to kill off the welfare state model in the West by destroying their unbacked paper currencies, while China, Russia and their Asian allies have the means to prosper. Read More

02.23.19- Gold – here’s why it just might be different this time
Dominic Frisby

Gold has been quietly (by its standards) creeping up.

Our summer trade idea to buy with the aim of offloading in the winter for a 10%-20% gain has hit the target. As I write it stands at $1,344 an ounce.

But now the bulls are coming out of the woodwork.

Is it time to offload? Is this another false dawn or has this run got legs? These are the questions we ask in today’s Money Morning. Read More

02.22.19- Breaking: US Mint Sold Out of
2019 Silver Eagle Coins!

Neils Christensen

The silver market is seeing a turn in fortunes as demand for physical bullion picks up, with the U.S. Mint selling out of 2018 and 2019 American Eagle silver coins.

The mint issued a statement late Thursday saying they had run out of last year’s and this year’s dated one-ounce coins. “Market fluctuations have resulted in a temporary sellout of 2018 and 2019 silver bullion. Production at the Mint’s West Point facility continues and when sales resume, silver bullion will be offered under allocation,” the mint said. Read More

02.21.19- The Coming Restoration of Silver
Hubert Moolman

The way I see it, silver has basically two major categories of use. The first and most important use is as a monetary asset. It is only when used as a monetary asset that it could realize its true (or fair) value.

Currently, it is probably as far away (not time wise though) from being used as a monetary asset, as it has ever been. It is for this reason that silver is so under valued and such a must-buy. Read More

02.20.19- Gold Price Forecast: Will Gold Breakout Above $1360?
Wolf Richter

Here's a quick follow-up to my recent analysis Gold Forecast: Gold Prices Likely To Test $1360 In February.

Gold is once again at a critical juncture just like last April. Will it tuck tail and run or finally breakout? I think we will know within the next few trading days. Below is our afternoon update for GDX.

Precious Metal Investors have been beaten down trying to trade these markets over the last 3-5 years. Are investors expecting a breakout? I bet there are fewer bulls now than during last April's breakout attempt. If the masses aren't expecting it - then, a breakout is possible. Read More

02.19.10- Gold Could Regain Status as a True Global Currency
Birch Gold Group

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold is the next global currency of choice, a new catalyst will drive silver prices higher in 2019, and Russia considers abandoning gold taxes to boost investment in the metal.

With a wobbly stock market, falling Treasury yields and rampant geopolitical strife, the focus on gold has been intense as of late. The metal’s price gains reflect this, as gold recently proved able to hold above a key resistance level, which holds bullish implications. Read More

02.18.19- Reason #437 to own gold: The Fed wants Negative Interest Rates
Simon Black

And just like that, it seems we’re headed back to quantitative easing…

After cutting interest rates to nearly zero following the 2008 crisis, the Federal Reserve starting raising rates near the end of 2015 (from 0.25% to 2.5% today).

Following the most recent hike in December 2018, Chairman Powell seemed hell bent on further tightening, saying “some further gradual increases” were in the cards. Read More

02.16.19- David Morgan Explains Low Silver Price
Chris Marcus

At this year’s Anarchapulco conference, David Morgan, one of the world’s leading experts on the silver market was asked why he thinks the price of silver is as low as it is. And simply put, his answer confirmed what is becoming rapidly more well known within (and outside of) the precious metals community.

In short, his answer was that the banks currently have the ability to make silver just about any price they want. Because the price-setting mechanism is traded in paper, rather than physical metal. Which is rather stunning and amazing in its own right, yet still simple enough to understand, and worth exploring further. Read More

02.15.19- How to Prevent the Government From Having Control Over Your Financial Life
E.B. Tucker

“I know the cops are there.”

The receptionist looked around. She didn’t know what the man on the phone was talking about.

There were no cops in the lobby. Just a delivery man standing in front of her desk, trying to drop off a package.

But the man on the phone was right. The cops were there. Three dozen of them, watching every exit in the building… plus an undercover FBI agent posing as the delivery man. He was carrying a package of 1,000 gold coins... worth $1.5 million. Read More

02.14.19- The Next Goals for Gold and Silver Prices
Craig Hemke

With our initial price goals for 2019 having been achieved, COMEX gold and silver are now in their first pullback phase of the year. How long will it last and what are the next upside price targets?

If you’ve been following along every week, then you’ll recall that we were quite adamant regarding a year-end 2018 and Q1 2019 price rally for both gold and silver. From the November lows, we projected a rally in COMEX gold to $1310-1330 and a rally in COMEX silver to $16.35. Both peaked on January 31, with COMEX gold hitting $1331 and COMEX silver reaching $16.20. If you’d like a refresher of what was projected, please see these links: Read More

02.13.19- Gold’s Surge Has Been Disguised
by the Strong Dollar

Evie Liu

Gold seems to be out of favor, but that’s only compared to the U.S. dollar. 

Over the past two decades, the commodity has actually seen a widespread, strong, and sustained value appreciation around the globe against 72 currencies, according to Ross Norman, CEO of London-based bullion broker Sharps Pixley. That basket of currencies includes developed countries such as Canada, Australia, and Japan, as well as emerging markets including Brazil, India, and Iran. “Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market,” Norman wrote in a note last week.  Read More

02.12.19- Shiny happy reserves
Swaha Pattanaik

Gold bugs aren’t always rational. That’s not the case for central banks, whose purchases of the yellow metal last year were the highest since the United States broke the link between gold and the dollar in 1971. It’s less a short-term gamble that prices of the precious commodity will rise, and more a concern that dollar dominance could gradually be eroded over time.

Central banks bought 651.5 tonnes of gold in 2018, the second highest on record and up 74 percent from the year earlier, according to the World Gold Council. As in the past three years, Russia, Kazakhstan, and Turkey were significant buyers, but were last year joined by the likes of Poland, Hungary and India. Read More

02.11.19- Secret Kept from Public: We’ve a Modern Day Gold Rush Going On Right Now!
Wolf Richter

Who’s buying the gold? Why? When this secret gets out, EVERYTHING CHANGES! They don’t want us to know, but YOU CAN FIND OUT about it right here. There are big things happening in the world of gold investing, and all investors, whether they are invested in gold and silver or not, need to take note.

As we take the time to either add to our positions, or as we think about starting a position during this latest pullback in gold & silver prices, it may be helpful to put some things into a fundamental perspective.  Read More

02.09.19- The Next Gold Move Is Here
E. B. Tucker

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02.08.19- Gold is back in fashion
Marina Gerner

Gold is set to shine in 2019

Last year was not a happy one for investors in base metals. The GSCI Industrial Metals index slipped by around 15% from its year-high in June, and the gauge lost another 7% from mid-December to January.

It may have bounced since, but don’t expect a sustained revival, says Capital Economics. Base metals prices are likely to weaken as the Chinese economy keeps slowing. The gold price rebound, however – the yellow metal is now above $1,300 for the first time since last summer – does look sustainable. Read More

02.07.19- A Bull Market To Eclipse All Bull Markets: When Gold Takes-Out $1400 It Probably Won’t Look Back
Clive Maund

Not only will gold spike higher, but there will be little opportunity to buy gold on dips or pullbacks (spoiler alert: because there may not be any)…

The Fed didn’t just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash. Read More

02.06.19- A Move Higher Than This Price Will Confirm The Gold Bull Market
Hubert Moolman

Economic conditions are ideal for higher prices, and this is what we’ll likely get over the next couple of years, so let’s watch this level for confirmation…

This Will Confirm The Gold Bull Market

Gold is moving closer to confirming a multi-year bull market per my long-term comparison. A decisive mover higher than the $1375 area would be confirmation of the bull.

Below, is the updated long-term comparison: Read More

02.05.19- Silver Forecast: Shortage To Send Silver Prices Soaring Above $20 In 2019
Jason Hamlin

Silver peaked just shy of $50 during April of 2011. The price has been correcting ever since, falling below $14 per ounce in 2016 and again late last year. But there is a silver lining to such a deep and protracted price correction.

With silver prices under $20 per ounce for so long, a significant number of mines are unable turn a profit. And even the ones that can, are not generating enough cash flow for the mining companies to spend significantly on mine expansion or exploration drilling. Silver is often mined as a by-product of other metals, but prices have been down across most precious and base metals over the past 7 years. Read More

02.04.19- Why China Is Buying Gold Miners… And Why You Should Too
Dave Forest 

“Don’t do it,” he said. “Come and see me first.”

I regarded the man for a moment. His business card was written in Sino script, but it turned out he was an American who had set up shop in Hong Kong several years ago… And was now riding a tidal wave of money.

I’d come to Hong Kong’s central business district for meetings on my new Brazil gold project.

This was my fourth sit-down of the morning, and the ultra-high grades from my mine had caught this mysterious man’s eye.

I knew my numbers were real. But I wasn’t sure about his.  Read More

02.02.19- Silver Outperforming Gold
Adam Hamilton

Silver recently started outperforming gold again, a watershed event.  For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment.  But gold surging into year-end 2018 finally sparked some life into moribund silver.  This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital.  Silver looks to be nearing that point again.

Despite a good finish, 2018 was a rough year for silver.  Its price slumped 8.6%, way worse than gold’s -1.6% performance.  And that still masks miserable intra-year action.  At worst in mid-November, silver had plunged 17.3% year-to-date.  That was 2.2x gold’s comparable loss, and at $13.99 silver languished at a major 2.8-year low.  A soul-crushing 96% of its early-2016 bull market had been reversed and lost!  Read More

02.01.19- Central Bank Gold Purchases Hit A Record In 2018
Steve St Angelo

Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar.  Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades.  Central banks haven’t bought this much gold in one year since Nixon ended the convertibility of the U.S. Dollar into gold in 1971.  Read More

01.31.19- Looking at Gold (and Silver) from the Third Side of the Coin
David Smith

Two years ago at a conference during which I both presented and attended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introduced me to a different way of looking at things. He posed the question, "How many sides does a coin have?"

The correct answer is "three." The front (obverse), back (reverse) and… the edge!

When you think about it, this makes sense. From this angle – uncommon to most observers – a person can begin to look more deeply at a given subject. From the edge, you are able by definition, to see "both sides" of the story.  Read More

01.30.19- Crossing Borders with
Gold and Silver Coins

Doug Casey

It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally.

Gold has always been in something of a twilight zone in that regard. It’s no longer officially considered money. So it’s usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they’re worth $50 of currency. Read More

01.29.19- How to Position Yourself for
the Coming Gold Rally

Nick Rokke

“Monster Gold-Mining Deals Pile Pressure on Those Left Behind.”

The January 14 Bloomberg headline above might not seem like much to you right away – but it immediately caught my attention.

Here’s why…

When an industry consolidates, investors can make a lot of money. Consolidation means buyouts – which usually come at a premium… And premiums boost stock prices higher. [For example, see my January 15 essay on mergers in the biotech sector.] Read More

01.28.19- If You Could Design A Perfect World
For Gold…

John Rubino

Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich?

If so you’re in good – or at least numerous – company. 

So let’s sketch out such a world. 

Start by envisioning an America in which a handful of oligopolies have captured banking, media, healthcare and several other important industries, while a tiny group of super-rich neo-aristocrats control as much wealth as the 200 million least-rich citizens. Read More

01.26.19- Gold hits $1300 as dollar slumps
Fawad Razaqzada

There are a number of factors supporting gold prices at the moment, most notably a big drop for the US dollar. The US dollar has weakened sharply ahead of next week’s FOMC meeting amid growing expectations that the Fed will re-iterate the need to pause its hiking cycle. We have been growing negative towards the buck for a while now and this dollar sell-off does not surprise us at all.

The sell-off has been blamed on a Wall Street Journal report, which suggests that the Fed could be taking a more cautious approach towards the shrinking its huge balance sheet. Read More

01.25.19- If You Understand Gold,
You Are Not A Goldbug

Egon von Greyerz

What is a Goldbug? If we look at Wikipedia, they define it as “a person who is extremely bullish on the commodity gold as an investment and or a standard for measuring wealth …… goldbug can also be used as a pejorative”.

Investopedia states that “A gold bug is an individual who is very enthusiastic about gold as an investment and its prospects for significantly increasing in value.”

Finally the Free Dictionary defines goldbug as “1. A person, especially an economist or politician, who supports the gold standard or 2. A person who believes in buying gold bullion as a personal investment or 3. A gold beetle.Read More

01.24.19- Peering Over the Abyss
Gary Christianson

From Bill Holter “Crash Alert.” 

“For the last 6 months we have responded ‘it is happening right before your very eyes!’” 

The coming crash is a mathematical certainty and one that historians will ask in the future, ‘what were they thinking.’ While CNBC parades clown after clown to tell you this is a buying opportunity, I would simply advise DON’T BE STUPID and use your own common sense! We lived through the biggest super cycle of credit the world has ever seen… how do you think this ends?”

Bill Holter understands the financial dangers confronting the world, particularly in Europe and the U.S. As for timing he said, “it is happening right before your eyes.” Read More

01.23.19- Here's Why the Price of Palladium Just Zoomed Past Gold
Frank Holmes

Palladium might not fill headlines the way gold does, but it’s been on fire lately. Not only has the precious metal been the best performing commodity for two years straight, but its price also just shot past gold for the first time since 2001. For the first time ever, it broke through $1,400 an ounce last week before pulling back somewhat. From its 52-week low set in August, palladium has climbed almost 70 percent. It’s added about 16 percent in the past 30 trading days alone. Read More

01.22.19- 3 Reasons Gold Market Could See
a Bull Run

Birch Gold Group

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: 3 reasons why gold market could run with the bulls, silver could break its resistance, and billionaire investor Sam Zell turns to gold.

3 reasons why gold market could run with the bulls

According to Reuters columnist Clyde Russell, the very same drivers that propelled gold to its all-time highs between 2008 and 2011 could be making a comeback. In a recent Newsmax article, Russell outlines the three main supporting factors that backed the crisis-driven price spike and why each of them have made a return. Read More

01.21.19- About That Government Silver Confiscation...
Chris Duane

View Video

01.19.19- “Real” Inflation Expected to Rise – Hedge Your Bets With Gold

Some are under the impression that gold’s performance in the U.S. is not asgood as it should be, considering we had a rather uncertain year last year.

In the U.S., even economists who favor the dollar gold price might be blind to an upcoming rise in the financial power of the precious metal.

That, and real inflation may become a better gauge to see just how well this measuring stick is doing. Though revealing it at the federal level may send the market into a panic. Read More

01.18.19- Gold - The Only Safe Place
Egon von Greyerz

In 2019 the investment world will start to realise that asset markets don’t grow to heaven as stocks, bonds and property start their long journey down which will eventually lead to declines of 75% to 95% in real terms. But the major risk is not just investment markets. Just as important is counterparty risk which too few investors are concerned about.

Anyone who wants to protect their wealth should not be invested in any of the bubble asset markets as I have stated in many articles. But to also avoid counterparty risk is a lot harder. Read More

01.17.19- 10 Reasons Why Silver Will Outshine Gold In 2019
David Schectman


Silver was thought of as a godlike metal in ancient times and was associated with magic. It was often used in ancient religious ceremonies.

Silver has a very robust profile of uses, including: electronics, automotive, medicinal, coins and medals, photography, and green tech.

Silver has a six thousand year history of use as money, longer than gold, from ancient Mesopotamia to the US Constitution.

Silver's production profile suggests that while it gets more and more valuable in society, the lack of primary mines, lower ore grades, and mill output portends a much higher rise in the price than gold. Read More

01.16.19- Side-Step the Financial and Political Circus
David Schectman

It’s a small sample size, but recently, gold and silver started to move up along with the stock market is. In the big picture, gold and the Dow move in opposite directions. Who are buying stocks now? The hedge funds will buy and sell on a headline, A quote from the Fed or on major moving average changes, but I can’t help but wonder if a nudge or two from the PPT to halt and fall and get it moving up isn’t the real energy behind this? That’s right out of JPMorgan’s playbook. Silver is such a small market that it is easy for JPMorgan to short silver until the price drops sufficiently for the managed money hedge funds to join in on the selling. They are the momentum moving the market, or specifically in this case, capping the rallies  Read More

01.15.19-Will The Next Silver Rally Exceed
The 2011 Highs

Chris Marcus

While many are beginning to realize that the gold and silver markets have indeed been manipulated, it’s interesting to consider what might happen when that manipulation is resolved.

Because while the wait has been frustrating for many, that’s not to say it will not end without due reward. Especially when you think back about what actually happened in 2011, and consider some of the dynamics involved.  Read More

01.14.19- Top Ten Trends Lead to Gold
Jim Willie

The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hyper-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Trade Center fallout. They offered resistance to the US-led bully tactics, in slapping sanctions even on the US allies, a forecast by the Jackass two years ago. The globalist cabal agenda has been dealt a powerful damaging blow, perhaps lethal, during a year of great exposure for their criminality. The transitions offered a complete shift away from the perception of USMilitary full spectrum dominance. But the most important changes have come in the finance & economic sectors.  Read More

01.12.19- $2,000 Gold and the Secret Gold Rally Hiding in Plain Sight
Martin Katusa

What if I were to tell you that gold is within earshot of all-time highs. You’d call me crazy. But I’m not.

Below is a chart which shows gold prices denominated in Canadian, Australian and U.S. dollars.

You’ll notice gold went on a tear in all currencies from 2000 to 2012. However, after that, gold priced in U.S. dollars has under-performed. Gold priced in Canadian and Australian dollars has been very strong and is within striking distance of all-time highs.  Read More

01.11.19- Questions Only the DOJ Can Get Answered
Theodore Butler

Reasonable questions should be answered reasonably. When such questions cannot be answered reasonably or at all, particularly by those with a responsibility for answering, something is wrong. A good number of such questions remain unanswered in silver and those not providing answers include the federal commodities regulator (the CFTC), the designated self-regulator (the CME Group), as well as the most important bank in the US, JPMorgan.  Read More

01.10.19- Silver Outperforms Key Markets,
Metals & Energy

Steve St Angelo

While December was a horrible month for the broader markets, that wasn’t the case for the precious metals.  As the Dow Jones and S&P 500 Indexes suffered the worst December since the Great Depression, the silver price enjoyed quite a healthy rally.  The notion of rising precious metals prices during a market selloff ran counter to most analysts who forecasted falling asset values across the board.

However, that’s exactly what took place in December.  I stated, since the beginning of 2018, that when the markets really started to decline the precious metals would likely disconnect and rally higher.  Over the past month, the silver price jumped by 10% and gold 5%, while most of the broader indexes, base metals, and energy declined.  Read More

01.09.19- All We Have Left is to
Wipe the Slate Clean
John Rubino

View Video

01.08.19- Surest Way to Overthrow Capitalism
Keith Weiner

One of the most important problems in economics is: How do we know if an enterprise is creating or destroying wealth? The line between the two is objective, black and white. It should be clear that if business managers can’t tell the difference between a wealth-creating or wealth-destroying activity, then our whole society will be miserably poor.

Any manager will tell you that it’s easy. Just look at the profit and loss statement. Profit is so powerful an incentive for managers, that one could never persuade them to operate based on any other indicator. And it would work—if economists had done their jobs properly. Read More

01.07.19- Gold's Safety Factor Kicks Into High Gear
Cliff Droke

For the first time in nearly a year, gold has a number of important supports in its favor which should propel its price higher in the months ahead. Signs of continued deterioration in the global economy, along with a a distressing drop in U.S. Treasury bond yields, are among the major factors fueling increased gold demand. In today’s report we’ll discuss these factors, as well as take a look at the improvement in the actively traded gold mining stocks.

Gold is clearly benefiting from fears of a global economic slowdown and should continue to do so in the weeks ahead. The equity market is trying to bottom and the threat of falling stock prices isn’t an immediate concern among investors right now. Read More

01.05.19- Precious Metals Are Overbought....And That's Not A Bad Thing
CEO Technician

Gold and silver are on an impressive run higher since mid-November; gold is up around $100 an ounce (~8%) and silver is up nearly $2 (~13%). Silver is up 7 consecutive trading sessions and gold has risen in 10 of the last 12 trading sessions.

The run has been strong enough that one could consider both precious metals to be 'overbought' using standard technical indicators such as RSI (at top of charts below) and MFI (at bottom of charts below): Read More

01.04.19- GOLD…For Whom The Bell Tolls
Ross Norman

There is probably no more irritating an adage than the old Wall Street one which says “no one rings a bell at the bottom or top of a market” … but it does highlight the purpose or value of making a trading call - or if you prefer (as it is the season for it) … in making a forecast.

No one wants to be too early in calling a bottom in gold as your career would then be aligned with those slightly unhinged perma-bulls that have been calling for a massive move up in gold year after year - and been perma-wrong. Nor do you want to be too late - because that would make you, well plain dull. Read More

01.03.19- Gold Price Survey Predicts Prices Could Reach $1,500 in 2019
Birch Gold Group

This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Main St. bullish on gold for 2019, market turmoil shows why you should own gold, and gold to remain an attractive diversifier in 2019.

A recent poll by Kitco News had nearly 5,000 retail investors share their forecast for gold’s price in 2019. The largest group of respondents, numbering 1,640 participants or 34% of the overall pool, predicted that gold would push above $1,500 an ounce by the end of 2019. Read More

01.02.19- Doug Casey and Rick Rule on Gold-Backed Cryptos
Doug Casey

Justin’s note: There’s a huge opportunity right now…

Crisis Investing chief analyst Nick Giambruno says there is a new kind of digital asset that marries cryptocurrencies and gold into one powerful new financial tool: gold-backed cryptos. If you missed his essay on this idea back in October. Dozens of these gold-backed cryptos are now sprouting up. And the potential is enormous.

Investing legends Casey Research founder Doug Casey and Rick Rule – president and CEO of Sprott U.S. Holdings – are both excited about the huge potential of gold-backed cryptos as well. Nick recently interviewed the two on the subject, and today and tomorrow I’m sharing their fascinating discussion…Read More

01.01.19- Gold Barrels Into 2019 as Growth Concerns Spur Demand for Haven
Jake Lloyd-Smith and
Krystal Chia

Gold is closing out 2018 on a strong note, its haven demand reinvigorated by volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the U.S.

Spot bullion is holding near a six-month high after topping $1,280 an ounce, and the metal is set for the best monthly gain in almost two years. December’s rally has pared an annual decline, the first full-year loss since 2015. Read More

12.31.18- Silver Quietly Climbs Higher As Cries Of ‘Mass Arrests’, ‘Sealed Indictments’ & ‘Military Tribunals’ Go Silent
Paul “Half Dollar” Eberhart

We’re quietly climbing as silver catches a whiff that ‘mass arrests’, ‘military tribunals’, and ‘locking her up’ just aren’t going to happen…

Q-Anon has gone silent since December 22nd:

These are Q’s last two posts, and the posts are curiously from the same day the very limited federal government shutdown began.

One day of will-still-be-paid-in-arrears work was all Q could take?

Does truth take a day off? Read More

12.29.18- Could the Silver Price Really Hit
$130 per Ounce?

Johnny Silver Bear

Silver has made significant gains in the past, but has not risen past $20 per ounce since 2016

Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX:FR,NYSE:AG), believes the white metal could reach the $130 level.

Neumeyer has voiced this opinion many times, recently giving the $130 number in a November 2017 interview with Palisade Research, and again in March 2018 with Kitco. In the past he’s been even more bold, suggesting the white metal could reach $1,000. Read More

12.28.18- The Patriotic and Moral Imperative for Owning Gold and Silver
Johnny Silver Bear

Old GloryI pledge allegiance to the flag...

Remember when you learned those words? It was back when everything was simple. The Pledge of Allegiance was written in 1892 by Francis Bellamy, the circulation manager of the Boston based "The Youth's Companion" magazine. The end of the Nineteenth Century was a much simpler time. The world was a much simpler place. It is not so simple anymore. Read More

12.27.18- Frank Holmes Predicts Gold Explosion to the Upside in “Blink of an Eye”
Mike Gleason

Mike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's best fund manager by the Mining Journal. He's also the co-author of the book The Goldwatcher: Demystifying Gold Investing and is a regular guest on CNBC, Bloomberg, Fox Business, and also right here on the Money Metals Podcast. Frank, welcome back, and thanks for joining us again.

Frank Holmes: Mike, it's great to be back with you at this time of the year, a year of thankfulness and gratitude, even with sloppy markets. We're all listening and talking, and we're alive, and we have many to be thoughtful and thankful for. Read More

12.26.18- And Now, for Something Entirely Different: Humility Saves Us From Foolishness
Jesse's Café Américain

“As long as you are proud you cannot know God.  A proud man is always looking down on things and people: and, of course, as long as you are looking down, you cannot see something that is above you...

True humility is not thinking less of yourself, but thinking of yourself, less."

C. S. Lewis

"Further, all of us should be kind and helpful to one another, and carry ourselves with humility: for God is set against the proud, but graciously favours the humble."

1 Peter 5:5 Read More

12.25.18- The Bottom For Gold Was December, 2015 At $1050
Jim Rickards and Alex Stanczyk

View Video

12.24.18- Gold: Trump, the Tariff Man
John R. Ing

“I am the egg man They are the egg men I am the Tariff man Goo goo g’joob” - Thanks to the Beatles, “I Am the Walrus”

Equity markets soared on reports of a ceasefire negotiated by Presidents Trump and Xi Jinping, after the G-20 talks. But markets plunged when President Trump deflated the enthusiasm with a self-congratulatory tweet, “I am the Tariff Man”, ignoring that tariffs are really a tax on consumption. Trump, the Tax Man? Then the short lived truce was ended by the diplomatic firestorm caused by the unprecedented Canadian arrest of Huawei’s CFO, Sabrina Meng Wanzhou on a US warrant which was more evocative of the 19th century gunboat Opium Wars than modern democracies with established rules and norms. Read More

12.22.18- And the Horse You Rode In On - Purposeful Risks
Jesse's Café Américain

“Corrupt citizens breed corrupt rulers, and it is the mob who finally decides when virtue shall die.”

Taylor Caldwell, Dear and Glorious Physician

"The world is a comedy to those that think; a tragedy to those that feel — a solution of why Democritus laughed and Heraclitus wept."

Horace Walpole, Letter to Horace Mann Read More

12.21.18- Third Stage Gold
Jeffrey P. Snider

Rather than sticking gold in with my last one on collateral, I felt it deserved its own focus. Its duality often puts it on the side of deflation with collateral shortage as the main mechanism. Given that, it wouldn’t have been surprising if gold was collapsing now as it had been during the earlier eurodollar mess after mid-April.

But, as I pointed out here, there are actually three stages of gold. The first is reflation or inflation, straightforward enough. The second deflation stage historically isn’t associated with the worst of deflation. It just pushes gold down in sympathy with other commodities. Read More

12.20.18- Real Gold Price Lowest in 50 Years
Egon von Greyerz

As we approach the beginning of the biggest wealth destruction in history, it is timely to turn to the wisdom of one of the great philosophers. Plato (428-348 BC) stated:

“The greatest wealth is to live content with little”

And this is the lesson that most people in the world will need to learn the hard way in coming years. We are now at the end of an era which has created unreal wealth for a few and massive debt for most of the world. As all the bubble markets in stocks, bonds, property and other financial assets implode, together with the debt that has fuelled it all, 100s of trillions of dollars will just vanish and never return. The consequences will be both shocking and devastating for most people. Read More

12.19.18- Stumbling Near the Abyss
Gary Christianson

From Bill Holter “Crash Alert.” 

“For the last 6 months we have responded ‘it is happening right before your very eyes!’”  

The coming crash is a mathematical certainty and one that historians will ask in the future, ‘what were they thinking.’ While CNBC parades clown after clown to tell you this is a buying opportunity, I would simply advise DON’T BE STUPID and use your own common sense! We lived through the biggest super cycle of credit the world has ever seen… how do you think this ends?”

Bill Holter understands the financial dangers confronting the world, particularly in Europe and the U.S. As for timing he said, “it is happening right before your eyes.” Read More

12.18.18- Why it makes sense to
invest in silver now

Narendra Nathan

Despite a period of uncertainty— US-China trade war concerns, sanctions on Iran, fall in the rupee, etc.—silver, unlike gold, has not seen a rally. The market not recognising the dual status of silver—bullion and industrial commodity—is the prime reason for the metal’s underperformance. “The market is treating silver only as an industrial commodity,” says Manoj Kumar Jain, Director, India Nivesh Commodities. Experts feel silver’s underperformance may continue in the short term as, unlike gold, it is not being treated as a precious metal. “As long as the trade war and the resultant global economic slowdown fears remain, silver (along with other industrial commodities) will underperform gold,” says Praveen Singh, AVP, Sharekhan Comtrade. Read More

12.17.18- Palladium?
Larry LaBorde

I have invested in palladium from time to time in the past.  I just dabbled a bit here and there but the market now just seems crazy.  In case you haven’t been watching lately palladium has exceeded the price of gold!

Palladium (Pd)  is a by product of nickel, copper and zinc refining usually.  It is mainly used for catalytic converters.  It is sometimes alloyed with gold to form white gold.  Other uses are in ceramic capacitors for electronic devises and for the purification of hydrogen gas.  Read More

12.15.18- Gold - A Perfect Storm For 2019
Alasdair Macleod

This article is an overview of the principal factors likely to drive the gold price in 2019. It looks at the global factors that have developed in 2018 for both gold and the dollar, how geopolitics are likely to evolve, the economic outlook and how it is worsened for the dollar by President Trump’s tariff war against China, the availability and likely demand for bullion, and the technical position in paper markets. Taken together, the outlook is bullish for gold. Read More

12.14.18- Is The Buyer’s Market For Silver Coming To An End?
Stefan Gleason

Few markets are as depressed – and, as many analysts argue, suppressed – as silver. Prices for the white metal continue to languish in a low-level trading range amidst lackluster demand.

The upshot for investors is that they can now obtain silver bullion at both a low spot price and a low premium above spot.

How long this buyer’s market will is unknowable last. But given silver’s manic-depressive personality, prices could launch explosively higher at any time. Read More

12.13.18- The Role of Silver Historically as well as Recent Moves in the Market
Michael Ballanger

Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?

"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves."

While they sound impressive, and while I understand the reason for their construct, I actually take umbrage with the linkage of debt to slavery because slavery is a man-induced condition whereby one man is responsible for the enslavement of another while debt is often (but not always) a choice made by the individual. Read More

12.12.18- Gold and Global Financial Crisis Redux
Jim Willie

The Global Financial Crisis, a broader deeper more powerful systemic crisis than the Lehman Event was, has finally arrived in a great redux. It is seen in numerous areas. We have finally arrived at the ten-year anniversary of the Lehman event, a killjob whereby JPMorgan and Goldman Sachs bought a few $billion in mortgage bonds and never paid Lehman Brothers. The firm died, called a financial failure, but was actually a strangulation. Goldman went on to capture AIG, in order to claim 100 cents per dollar on insured mortgage bonds, a second crime. The Wall Street banks, under the leader Henry Paulsen as the managing USTreasury Secretary, completed the third crime, by pitching the $700 billion TARP Fund. They stole it, using the fund for enriching themselves with redeemed preferred stock, instead of making the funds available for lending purposes. Read More

12.11.18- Gold & Silver Prices Rise As The Markets & Oil Decline
Steve St Angelo

Over the past week, the gold and silver prices have held up rather well compared to the overall markets.  While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it seems that the metals continue to be very resilient during large market corrections.

Now, I am not saying that the metals prices cannot fall any lower, but a lot of the leverage in the gold and silver market has already been removed and is now at a near all-time low.  So, even though we could see weaker precious metals prices, the overwhelming leverage and bubble asset prices are in the stock and real estate markets. Read More

12.10.18- Watching Gold
Global Macro Monitor

Gold is looking interesting

Fundamentally, it shouldn’t as the Fed is tightening the screws on liquidity, the ECB is ready to stop the printing press, and international reserves continue to decline.

Check out the chart

Higher lows since August,  a breakout of a crude cup-and-handle formation, and what looks like the coming test of the 200-day at 1257, which has rejected the gold price over the last year almost as many times I was in high school asking girls out on dates. Read More

12.08.18- Is An Inverted Yield Curve Bullish
For The Gold Price?

Jordan Roy-Byrne

In recent days we’ve seen the beginnings of an inversion in the yield curve.

The 2-year yield and the 5-year yield have inverted but not yet the 2-year yield and the 10-year yield, the curve that is watched most. However, “2s and 10s” as bond traders would say appear headed for an inversion very soon.

We know that an inversion of the yield curve precedes a recession and bear market. That is good for gold. But timing is important and the key word is precedes. Read More

12.07.18- Gold, Silver & the Markets:
What’s Next For 2019

Steve St Angelo

The big question on the minds of most investors is what will happen to the markets and precious metals in 2019.  Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy.  If the oil price continues to decline, it will indicate a deflationary outcome for the economy and markets.

While this sounds counter to the notion that falling oil prices will drive higher consumer demand, we also must remember that it will negatively impact the U.S. shale oil industry.  A lower sustained oil price, as I wrote about in my previous article, IT BEGINS… Rapidly Falling Oil Prices First Guts Tar Sands, Then Shale Oil will begin to destroy the oil industry, especially the unconventional oil industry.  I don’t believe Americans or the investors realize the tremendous amount of economic activity it takes to produce shale oil. Read More

12.06.18- Why buy gold now?
Because I don’t know

Simon Black

From 2000 through 2012, the price of gold increased every year, rising from around $280 an ounce to nearly $1,700. It was an unprecedented run.

Then, in 2013, gold took a nose dive, losing over 27% of its value.

It was widely reported that the Swiss National Bank, the former bastion of monetary conservatism, lost $10 billion that year just on its gold holdings.

As you probably know, central banks hold a portion of their reserves in gold. The practice goes back to when central banks actually had to have gold on hand to trade in and out of paper money (or even trade for goods and services). Read More

12.05.18- Gold Will Rally If The Trade War Resumes
Jim Rickards

“I will not be the one to break the peace we have made here today.”

With those words, the Godfather, Don Corleone, played by Marlon Brando, ended the war among the five mafia families in New York. This peace was hammered out at a dinner among the heads of the five families.

This weekend the eyes of the world were on Buenos Aires, where President Trump, China’s President Xi Jinping and some top aides had a private dinner to discuss the current China-U.S. trade war. When I saw the photos of the dinner on Sunday morning, my mind flashed back to the dinner scene from The Godfather. Read More

12.04.18- By Their Actions, Central Banks Guarantee Gold & Silver Prices Can ONLY Go Up
Egon von Greyerz

Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only go up.

But the support from West and East is very different. Western central banks have not been friendly to gold for decades as they have significantly reduced their holdings. Read More

12.03.18- Asset Allocation Made Easy
Larry LaBorde

To every thing there is a season, and a time to every purpose under the heaven. Ecclesiastes 3:1

Last month Bill Bonner wrote an interesting article about trading the Dow/gold ratio. He recommended selling the Dow and buying gold when the ratio was above 15 (the Dow is too high compared to gold) and selling gold and buying the Dow when the ration was below 5 (the Dow is cheap compared to gold). I did a quick back test and found that simple strategy yielded an 8+% yearly average over the last 100 years with only 6 swaps. I then back tested trading the gold:silver ratio back and forth (from a ratio of 75 high down to 50 low) during those times that you held your gold position. Read More

12.01.18- Silver Price Scandal
Ted Butler

A few follow up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals. Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct 9, nearly a month before it was unsealed on Nov 6. With a rather short sentencing date approaching on Dec 19, and the time it took to unseal the plea, it may be assumed that the trader has already fully cooperated in the hopes of reducing his jail time, said to approach 30 years with no cooperation. Read More

11.30.18- INVESTMENT DEMAND: Still The Largest Growth Sector In The Silver Market
Steve St Angelo

Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market.  Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors.  And while industrial users consume the highest amount of silver in the overall market annually, its total demand has fallen over the past decade. Read More

11.29.18- Love. Fear. Inflation…
A Precious Metals' Trifecta

David Smith

Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand.

During certain times in the past only one or two of these elements provided most of the momentum.

However, as we move into 2019, and for possibly the next 5-10 years, all three will be in play. They will operate synergistically to consistently motivate increased precious metals' buying around the globe. This will happen, even as meeting that demand with sufficient new supply becomes problematic. Read More

11.28.18- Reliable Chart Suggests Gold’s Time
May be Near

Birch Gold Group

This week, Your News to Know rounds up the latest stories involving precious metals and the overall economy. Stories include: A chart that might give hope to gold bugs, silver to surprise with a rally by year-end, and global growth worries could boost gold demand.

A chart that might give hope to gold bugs

Few could argue that the dollar’s rally since the start of the year hasn’t been excessive. After running lower for consecutive years, the greenback reversed course around January and has resisted a correction. Read More

11.26.18- Metals Moving in Unison for a Massive Price Advance: Part II
Chris Vermeulen

As we continue to explore our custom research into the metals markets and our presumption that the metals markets are poised for a massive price rally over the next few months/years, we pick up this second part of our multi-part article illustrating our research work and conclusions.  If you missed the first part of this article, please take a minute to review it by before continuing further

We left off in Part I showing a number of supply and demand components and briefly highlighting our newest research using a custom Gold/Silver/US Dollar ratio index.  Our attempt at finding anything new that could help us determine the future outcome of the metals markets and to either support or deny our future expectations that the metals markets are poised for a massive price advance was at stake. Read More

11.26.18- Gold remains exceptionally oversold
Alasdair Macleod

The US’s Thanksgiving holiday on Thursday has thinned Comex markets, though volume figures for gold have held up reasonably well. Doubtless, this is due to the December contract running off the board.

In early European trade this morning (Friday), gold and silver prices have been marked lower, leaving gold up $2 on the week at $1222 and silver down five cents at $14.28.

The active December contract expires next week, and 233,000 contracts will have to be liquidated or rolled forward. But if the shorts are reluctant to roll positions forward, then a bear squeeze should ensue. Traders will be looking for news and rumour for guidance, and ahead of the G20 meeting in Buenos Aires, there are likely to be plenty. Read More

11.24.18- Why Gold Is Money
Doug Casey

It’s an unfortunate historical anomaly that people think about the paper in their wallets as money. The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money.

Now, why do I say that?

Historically, many things have been used as money. Cattle have been used as money in many societies, including Roman society. That’s where we get the word “pecuniary” from: the Latin word for a single head of cattle is pecus. Salt has been used as money, also in ancient Rome, and that’s where the word “salary” comes from; the Latin for salt is sal (or salis). The North American Indians used seashells. Cigarettes were used during WWII. So, money is simply a medium of exchange and a store of value. Read More

11.23.18- How Will the Rollback of Dodd-Frank Affect Gold?
Arkadiusz Sieroń

This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. Are they right? We invite you to read our today’s article about the rollback of Dodd-Frank Act and its potential implications for the price of gold.

In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare bipartisan support. The bill is the biggest rollback of bank rules since the financial crisis. According to the new law, lenders with less than $10 billion in assets will be exempted from the Volcker rule that bans proprietary trading. Read More

11.22.18- Another Great Oxymoron: "LBMA Transparency"
Craig Hemke

On Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system.

A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can be found at this link:https://www.bloomberg.com/news/articles/2018-11-20…

Here are the three main takeaways from the LBMA’s “disclosure”: Read More

11.21.18- Metals Moving In Unison For A Massive Price Advance : Part I
Chris Vermeulen

Are the metals markets ending a price correction in unison and preparing for a massive price advance? This is the question we asked our research team to investigate and their findings may help skilled traders identify great opportunities in the future. This multi-part research article will share our most recent opinion about the metals markets as well as share some critical new data that can shed some light into what we believe will become a massive upside price rally in the metals markets. Let's get into the data. Read More

11.20.18- Majority Of Silver Miners Sustaining Cost Significantly Higher Than Market Price
Steve St Angelo

The Primary Silver Miners lastest results were quite dismal as their All-In Sustaining Costs to produce silver were considerably higher than the market price.  Many of the silver miners production costs increased in the third quarter of 2018 due to higher energy, material, and labor costs.

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

11.19.18- China’s monetary policy must change
Alasdair Macleod

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.

But will the Chinese have the gumption to take it? This article examines the challenges and the possible solution. It concludes there is a chance China will embrace sound money, because it is in a position to do so and the dangers of not doing so could destroy the State. Read More

11.17.18- Gold Re-Monetization Is Much Closer Than Many Realize
Brandon White

Monetary policy is largely responsible for the market conditions we have today. Whether we like it or not, central planning in the capital markets will remain with us for the foreseeable future. Capital flows will be as much a function of market fundamentals as they are of policy.

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

11.16.18- JP Morgan Silver Web Unweaving
James Anderson

Here we have silver at $14 and with JPMorgan shorting the snot out of it for no conceivable legitimate economic motive, just as the Justice Department announces a criminal guilty plea by one of its former silver traders for manipulating prices. I could never have made any of this up if I tried.

– 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

11.15.18- This precious metal has almost NEVER been so cheap
Simon Black

Even after yesterday’s 600-point plunge in the Dow, bargains are hard to find.

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

11.14.18- Silver Could Surprise With New Strength By Year-End
Birch Gold

This week, Your News to Know rounds up the latest stories involving precious metals and the overall economy. Stories include: Silver to show strength before the year ends, the concerning implications of gold’s comeback, and why the world always returns to gold.

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

11.13.18- The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?
Grant Williams

View Video

11.12.18- The End Of The 'Nanny State' & What Happens To 'Prices' When Gold Is Money
Alasdair Macleod

We are getting ahead of ourselves here. Gold does not circulate as money – yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people’s money, gold. Do we even wish it? Given what we have to do to get there, probably not.

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

11.10.18- The End of a Supercycle
Egon von Greyerz

In a world based on fake paper and fake electronic money as well as fake asset values, the real significance of gold has got lost. With endless credit expansion and money printing, all asset prices have exploded and investors have made fake profits that seem real. But the imminent secular downturn of debt and asset markets as well as the world economy will reveal how unreal these profits were as 90% or more of all the paper wealth in the world will go up in smoke. So investors should now prepare for the biggest wealth destruction in history and also the biggest wealth transfer. Read More

11.09.18- Silver to Gold Ratio =
7 to 1...or even 1 to 1?!

Bix Weir

Read More

11.08.18- This Myth About Gold Could Be Costing You Serious Money
Justin Spittler

Forget what you know about interest rates and gold.

…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

11.07.18- JP Morgan’s Ethereum-Based Quorum Blockchain Will Tokenise Gold Bar
Jimmy Aki

US banking giant JPMorgan Chase Bank’s blockchain, Quorum, will be used to “tokenize” gold bars. Quorum is the enterprise version of the Ethereum blockchain, developed by JPMorgan Chase, will ensure users operate smart contracts while using pre-programmed rules to automate them.

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

11.06.18- 2019 to See a Rise in Gold and Silver Prices
Birch Gold Group

This week, Your News to Know rounds up the latest stories involving precious metals and the overall economy. Stories include: U.S. dollar weakness to drive gold and silver prices in 2019, silver is a promising investment in 2019, and explorers are searching for rare gold coins from the SS North Carolina wreck.

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

11.05.18- Silver, The S&P and Sanity
Gary Christenson

Silver prices peaked in 2011. The descent has been long and tedious. Perhaps silver prices made an important low on September 11, 2018, like they did on November 21, 2001 at $4.01. That long-term low was twenty cents below the price on September 11, 2001, the day the twin towers fell at free-fall acceleration, which marked the beginning of the silver bull market that launched prices upward by factor of 12.

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

11.03.18- Infinite growth in a finite world?
Bill Holter

As I alluded to a couple of days ago, “look around, what do you see?”. People who own precious metals are quaking in their boots at EXACTLY THE PRECISE TIME they should be comfortable. We have gotten many “scared” e-mails recently, some from people I would have never guessed. Even a $10 move down in gold has sparked fearful e-mails … but why?

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

11.02.18- Silver Needs To Make A Move - A Halloween Head Fake Inspired By The Dollar
Andrew Hecht

Silver is a precious metal that tends to move when no one expects a break to the upon or downside. Silver also can lag moves in markets that send signals that the price should respond or display head fake price action frustrating those with long or short positions. Gold moved to a low in mid-August when the dollar index traded to a high of 96.865. While silver also fell to a lower low for 2018 in mid-August, gold recovered, and silver followed only to fail once again and declined to a lower low for this year as gold remained above its nadir. Read More

11.01.18- A Stock Market Guy Gets It: The 10-Year Gold Bull Market…Starts Now!
Zach Scheidt

“…as counter-intuitive as it may sound, people have to hate the market that’s about to take off. Because the more non-believers there are today, the more…”

“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

10.31.18- What Can Kill a Useless Currency
Keith Weiner

There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and suddenly realize that the dollar is bad / unbacked / fiat / unsound / Ponzi / other countries don’t like it. When they do, they will repudiate it. That is, sell all their dollars to buy consumer goods (i.e. hyperinflation), gold, and/or whatever other 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

10.30.18- 2018 Marks First Annual Central Bank Gold Demand Increase in 5 Years
Birch Gold Group

This week, Your News to Know brings you the latest stories involving precious metals and the overall economy. Stories include: Central banks to increase gold buying for the first time since 2013, gold gains ahead of a volatile trading day, and scientists think silver can help kill brain-eating amoeba.

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

10.29.18- Precious Metals Storage at Home
Larry LaBorde

The first part of home storage is just basic home security. Your home does not have to be a fortress but it needs to have better security than the other homes in your neighborhood so that criminals just pick another one. The obvious ones are:

• Lock your doors and windows at all times.
• Motion detection activated outdoor lights
• Good deadbolt locks
• Thorn bushes under exterior windows
• No ladders or tools stored outdoors
• Typical security system with offsite monitoring
• Tactical shotgun
• Cameras
• A dog that barks.
Read More

10.27.18- The biggest of big pictures
Alasdair Macleod

I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An explanation of the big picture is also likely to be useful to many of my readers and their spouses, who do not share an enduring interest in geopolitics either. 

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

10.26.18- Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply
Gold Core

Key Gold and Precious Metals News, Commentary and Charts This Week

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

10.25.18- Gold’s Official Price is $42, and maybe that’s a Good Thing
JP Koning

People often whisper conspiratorially about the age-old U.S. practice of fixing the gold price at $42.22.

"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

10.24.18- How The Midterm Elections Might Affect Gold And Silver Prices
Clint Siegner

The outcome of the November 6th voting will be a big deal for investors, including gold and silver bugs. The metals, perhaps more than most other asset classes, are sensitive to geopolitics.

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

10.23.18- Mining Stocks Have Not Been Cheaper In The Last 78 Years

Dave Kranzler

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. Read More

10.22.18- Inflection Point for Gold
David Brady

After falling from 1369 to 1167 in just four months, Gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: “There is significant resistance ahead that could stall Gold’s rally, most notably 1244, the 38.2% Fibonacci retracement of the entire drop from 1369 to 1167, and 1251 on a closing basis (1360-1184). If we close above the latter, then the bottom is likely in place and a truly historic rally has begun. There is plenty of upside from there.” Read More

10.20.18- The Outlook For Gold
Thomas Puppendahl

Gold is in a new bull market that began in December 2015, but it has been working through a painfully long, broad-based bottoming phase over the last 2 ½ years. The charts were aligned for a break-out through the $1360 resistance level earlier this year, but the gold price ran out of steam at this critical level several times.

The drop below the support at $1220 in July was particularly damaging and led to additional liquidation and a capitulation spike down to $1160, despite an overwhelmingly bullish technical picture. The speculative positioning of Comex traders (COT) is usually a reliable contrarian indicator at turning points, and in fact the COT readings are at an extreme bullish level not seen since the beginning of gold’s last secular bull market in 2001. When it looks too good to be true, it usually is. Read More

10.19.18- Has China Finally Lifted Its
Thumb Off Of Gold?

Tom Luongo

There’s a lot of talk about the Yuan price of gold falling out of a price suppression channel.  Both Zerohedge and Nomura have weighed in on this.

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

10.18.18- The Price Of Gold Bottomed, And Silver Miners Might Offer An Epic Buy Opportunity
Taki Tsaklanos

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.

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

10.17.18- Is The Price of Silver About To Explode?
Chris Marcus

With the stock market reaching new all-time highs almost by the day, and precious metals in a vicious 7-year bear market, why would anybody want to invest in silver?

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

10.16.18- Last Week Was Just A Taste Of The Coming Gold Short Squeeze
John Rubino

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. 

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

10.15.18- As The Markets Sell-off The Precious Metals Rebound
Steve St Angelo

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.

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

10.13.18- There are three faithful friends - an old wife, an old dog, and ready money.
Tom Lewis

As I mentioned last week, I no longer feel that it is prudent or productive to discuss solutions to our economic woes. The problems that we already, or are about to face are no longer solvable. The system has been damaged to such an extent, that it cannot be fixed. The series of events that is responsible for the deterioration, decimation and decay of our economic system has already occurred. The genie, so to speak, cannot be put back in the bottle. Therefore, I think we should focus on strategies that might enable us to adapt and adjust in a manner that will allow the reset to be as painless as possible. Read More

10.12.18- Gold Set To Climb Over $1300? BofA Thinks So
Tom Lewis

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.

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.

“We’re still pretty constructive longer term on gold,” because of worries over the future of the U.S. economy even though it’s performing relatively well right now, said New York-based Blanch.  Read More

10.11.18- "Gold Is On The Cusp" Of An "Explosion Higher" As Tech "Crash Is Coming"
Christoph Gisiger

"The Crash Is Coming" As "Money-Printing Never Works" Warns Hickey

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

10.10.18- What to Expect When the Democrats Lose the Midterm Elections
Dave Hodges

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.

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

10.09.18- Gold’s UPCOMING DECLINE Will Generate THE ENERGY For The COMING RISE
Cyrille Jubert

Below is a technical analysis of gold. Please don’t shoot the analyst.

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

10.08.18- The Toxic Stew
Keith Weiner

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 collapse (and he was quite early, having written that in January 2015).

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

10.07.18- Prepare For A Gold And Silver Price Rally
Chris Vermeulen

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.

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

10.06.18- Hot Economic Warfare:
Scrambling For Rare-Earth Minerals

Wayne Madsen

Just like the gold rushes of California between 1848 and 1855, Canada’s Klonike of 1896 to 1899, and Western Australia’s of the 1890s, the world is experiencing a frenzy to obtain mining rights in pursuit of today’s “gold,” namely rare earth minerals. Used for components of electric vehicle batteries, mobile telephones, flat-screen televisions, flash drives, cameras, precision-guided missiles, industrial magnets, wind turbines, solar panels, and other high-tech items, rare earth minerals have become the type of sought-after commodity that uranium and plutonium were during the onset of the atomic age.  Read More

10.05.18- The Surge Is GUARANTEED With The IMMINENT Revaluation Of Gold & Silver
Egon von Greyerz

The coming gold and silver surge is guaranteed. It is not a question of IF but only WHEN. Initially, the imminent revaluation of the precious metals will have nothing to do with an investment mania but with the total mismanagement of the world economy. A spectacular rise in the metals is just a reflection of the mess the world is in. But as the paper market fails in gold and silver, there will be panic and manic markets.

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

10.04.18- Look at how well gold has retained its value from 1,000 years ago
Simon Black

On October 12, 929, roughly 1100 years ago, Abd-ar Rahman III of the Umayyad Dynasty was proclaimed ruler of Cordoba– the Islamic kingdom that comprised most of Spain at the time.

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

10.03.18- Now is the Time to Buy Gold
Says Barron’s

Birch Gold Group

This week, Your News to Know brings you the latest stories involving precious metals. Stories include: Barron’s says it’s time to buy gold, Bank of America sees gold soaring above $1,300, and Indonesians snap up gold as currency and stocks tumble.

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

10.02.18- Silver VS Gold Standard
Martin Armstrong

QUESTION: Mr. Armstrong; You do not give much credence to the world returning to a gold standard. Didn’t the entire world use the gold standard before?

Thank you for your input


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

10.01.18- Precious Metals Sentiment Hasn't Been This Bad Since 2001, Get Ready For A Turn Like February 2016

Three weeks ago when GDX was trading around $17.90 I wrote a post titled "Why I Bought Gold Miners Today" in which I presented the concept that the gold miners were potentially all "sold-out" and ripe for a rally.  Since that day the GDX is up a little more than 3% but the price action has been far from convincing and GDX ran into stiff resistance just above $19 last week (double-top at $19.11 to be precise).  However, when one considers the totality of the picture it becomes easier to discern a potential head & shoulders bottoming pattern, with the recent choppy and lackluster price action as part of a larger bottoming process: Read More

09.29.18- Gold Risks Lower Lows Next, But The Outlook Remains Bullish
David Brady

We now have confirmation that the trade war between the U.S. and China is going to be a protracted one, given that neither side is willing to back down. China has declined any further talks because it refuses to negotiate under the threat of further tariffs, or as it puts it, with a knife at its throat. At the same time, Trump is clearly intent on pressing ahead with tariffs on all of China's exports to the U.S., regardless of rising opposition at home.

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

09.28.18- Take the Precious Metals Tide or End Up in Miseries
Egon von Greyerz

With global investment markets standing at crossroads, investors have the option to lose it all or to benefit from the biggest wealth transfer in history. I have quoted this passage from Shakespeare’s Julius Caesar many times but it is more appropriate than ever for the situation the world is now in:

09.27.18- Which would YOU rather have?
Kettlemoraine Precious Metals

 Read More

09.26.18- Gold Through the Ages... Civilization’s Love Affair with the Yellow Metal
U.S.Global Investors

4600 B.C. – 3000 B.C.

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

09.25.18- Gold Set to Soar Above $1,300, Bank of America Says
Ranjeetha Pakiam

  •  Growing fiscal gap is viewed as ‘pretty positive’ for bullion
  •  Follows Ray Dalio comments on U.S. two years from downturn

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

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
Ted Butler

View Video

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

View Video

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

View Video

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


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


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

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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