01.18.20- Stock Market Ready to Crash, It Could Happen at Any Time
Egon von Greyerz

We will soon see how it all unwinds…

This week I will discuss Fed bubbles and a potential imminent major market event, including an extremely important chart and also the safest private gold vault in the world. But first, last week was overshadowed by Iraq and Iran, which again has reminded us of terrorism in various forms.

Terrorism is not just an act of violence. Cyber attacks can have devastating effects like paralysing air traffic or making all your digital assets disappear. Read More

01.17.20- Silver Could Blow-Through $50 And Be At $85 Only 5 Days Later!
David Morgan

View Video

01.16.20- Silver Price Forecast: Most Likely A Strong Decade Ahead
Lyn Alden

There is always a lot more attention on gold than silver.

Central banks primarily buy gold, rather than silver. Investors view gold as a safe haven, rather than silver. Gold is for kings and queens, while silver is for gentlemen and ladies. 

Silver is more speculative. It is a smaller market, it is a primarily a mining byproduct of other metals rather than a directly-mined metal itself, and it is a metal that has both an industrial side and a monetary/jewelry side, with the industrial side being slightly larger. Electronic devices, electric vehicles, solar panels, and a variety of industries use silver. Read More

01.15.20- The 3 Reasons Gold Will Remain Above $1,600 in 2020
Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Why strategists expect gold to form a new base around the $1,600 level, gold could reach $3,000 by 2025, and constant gold buying shows risk aversion in the stock market.

3 key reasons why the gold market is ready to trace back to $1,600 Read More

Here Is Why Gold Could Rise Above $7,000 An Ounce
Charlie Morris

In Part I, I reiterated that gold is in a bull market, and Isuggested that a bullish target for $7,166 is both logical and plausible.

So how did I reach that conclusion?

Allow me to talk you through it, step by step below.

How inflation could get going again 

US real interest rates are falling again. Read More

01.13.20- Gold’s New Bull Market and Why Over $7,000 Per Ounce Is “Logical” (Part I)
Charlie Morris

A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” status for the first time since 2012.

Unlike the gold bugs, I’m not a broken record. And unlike the barbarous relic brigade, I recognise gold’s importance in the modern world. Read More

01.11.20- Gold futures tally a third weekly rise
Myra P. Saefong

Gold’s price has swung 4.4% in this week’s trade, on a peak-to-trough basis

Gold futures ended higher Friday, finding support from weaker-than-expected monthly U.S. jobs data to score a third weekly climb, even as easing tensions in Middle East worked to dull haven demand for the precious metal. 

Gold had climbed past the “psychological $1,550 level as immediate reaction to the underwhelming December US nonfarm payrolls,” Han Tan, market analyst at FXTM, told MarketWatch. However, “bullion bulls are struggling to find cause for a sustained liftoff back to $1600 after the US and Iran appeared to walk away from the brink of an all-out conflict earlier this week.” Read More

01.19.20- How to return to sound money
Alasdair Macleod

Given the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset. Without a completely different approach and by retaining the same institutions and macroeconomic concepts, any such reset is bound to fail.

This article provides a template for an enduring sound money solution that will deliver economic progress while eliminating destructive credit cycles. It posits that a properly constructed gold and gold substitute monetary system, which also includes the removal of bank credit inflation as a means of providing investment capital, is the only way that lasting stability and prosperity can be achieved.  Read More

01.09.20- Gold And Financial Survival In The 2020s
Egon von Greyerz

2020 – what an ominous year and even more so what an inauspicious decade.

2020 is of course perfect vision or “facilely accurate judgment or assessment” as Webster’s defines it.

So why should we be able to forecast the 2020s better than we have the 2000s or the 2010s? Well, I can with confidence say that we won’t. Read More

01.08.20- I sure am glad that I own gold…
Simon Black

The price of gold is up nearly $100 since Christmas, reaching around $1,575 per troy ounce as I write this letter.

This most recent price bump is due to the panic over Iran. But the gold price is up nearly 20% over the last year, so there have obviously been plenty of other factors driving the price higher before the Middle East started flaring up again.

And there will be plenty more after these tensions cool down.

Trade wars, economic crisis in China, Bolshevik nonsense in the US, Brexit woes… the world is definitely not lacking in major issues that could continue to drive gold prices higher. Read More

01.07.20- As the World Embraces Clean Energy, This Metal's Price Will Soar
John Doody

Imagine cruising along a silent highway.

It's rush hour... yet it's quiet. Although the road is packed with cars rushing to their destinations, one after the other... the only sounds are the whip of the wind and the crunch of asphalt under their tires. No engine rumble can be heard. Quiet and efficient electric vehicles ("EVs") now comprise the majority of all automobiles on the road.

The formerly empty fields to the sides of the highway are now filled with farms of silver-coated solar panels. Air-polluting coal power plants are nearing obsoletion. Shiny photovoltaic ("PV") panels can be seen on most houses. Read More

01.06.20- Gold Or Oil: Which Is A Better Iran Crisis Hedge? Here Is Goldman's Answer
Tyler Durden

Now that Dennis Gartman's daily recos can no longer be faded, algos are feeling just a little confused: after all, with no 100% guaranteed way to make money, some risk has to be taken and that just won't stand. So what is a good alternative to the "Gartman Letter"? Here Goldman's sellside recos certainly come to mind. And while nobody can ever come close to the uncanny Gartmanity of Goldman's former FX strategist, Thomas Stolper, Goldman's research desk does have a peculiar habit of advising its clients to do precisely the opposite of what Goldman's own prop desks are doing at any one moment. Read More

01.04.20- This Is Great News For Gold
John Rubino

The 2010s were not kind to precious metals, in either nominal or relative terms. Gold and silver are down from their 2011 highs and waaayyy down versus equities and other favorite assets of the 1% like fine art and trophy real estate. 

But this imbalance has begun to reverse, in two ways. 

First, stocks have soared to nosebleed valuation levels — see Nasdaq caps $7 trillion decade with its best rally in 10 years. Apple, Gooogle and Netflix might continue to rise from here, but they’re no longer anyone’s idea of a safe haven. Read More

01.03.20- Gold Price Forecast: Gold To Rise On Fed Dollar Debasement
Christopher Aaron

We are starting to get a stronger sense of what will be causing 2020’s advance in gold and silver: weakness in the US dollar and a concurrent inflationary spike in the entire commodity sector.

Gold and silver sometimes act on their own, independent of what is happening to the broader commodity world. However, at other points gold and silver will get pulled together with the rest of the resource sector – this is what is about to occur in the precious metals world. Read More

01.02.20- Gold Surges Due To Troubled Fed Repo & U.S. Treasury Market
Steve St Angelo

Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market.  In the first hour of business today, the Fed has already injected $57 billion in the Repo Market.  While the Fed’s Repo Market injections didn’t spike during the last few days of 2019, as many analysts forecasted, there’s still BIG TROUBLE ahead. Read More

01.01.20- Money Printing And Physical Demand Will Drive Gold Higher
Dave Kranzler

I’m growing more confident that we’re on the cusp of a big move higher in the precious metals sector because of the Fed’s massive money printing. Also, because the money printing and near zero interest rates are visibly not stimulating economic growth, we’re at the point at which unless the Fed continues increasing the amount of money it puts into the system, the melt-up in the stock market is completely unsustainable. Read More

12.31.19- Gold Is the Asset to Watch in 2020,
Says Strategist

Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Legendary forecaster says to look out for gold in 2020, gold will rise by 6.9% in 2020, and Germans rush to buy gold ahead of bill that could restrict purchases.

Gold is Byron Wien’s early pick for 2020

Although Wall Street veteran Byron Wien will wait until January to release his top 10 picks for 2020, the strategist nonetheless parted with some takes on what to expect next year. Read More

12.30.19- Central Bank Gold Hoarding
Hits 50-Year High

Dimitri Speck

While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of which were bought (390 tons) during the first two quarters of 2019. Read More

12.28.19- The Metals Meandering Continues – So Please Maintain Patience
Avi Gilburt

When the metals are in a bear market, metals enthusiasts are frustrated.  And, even when the metals are in a bull market, metals enthusiast become frustrated.  This is what I have been seeing of late, as the metals are consolidating for their next bullish run.

But, if you trade metals, you know that they actually spend much of their time consolidating.  The reason is that their moves are so strong and powerful, they complete quite quickly, while spending the great majority of their time within a consolidation.  And, that is what I think we are seeing now. Read More

12.27.19- 2020 Silver Set To Explode Like 2010 Silver!
Chris Duane

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12.26.19- The Strongest Seasonal Advance in Precious Metals Begins Now
Dimitri Speck

You are probably already getting into the holiday spirit, perhaps you are even under a little stress. But the turn of the year will soon be here – an occasion to review the past year and make plans for the new one. Many people are doing just that – and their behavior is creating the strongest seasonal rally in the precious metals markets.  Read More

12.25.19- Gold Acts as Wealth Insurance
for Your Savings

E.B. Tucker

Chris' note: Regular Dispatchreaders know we see big things ahead for gold…

But that doesn’t mean anything if you don’t know how to position yourself. That’s why I brought in my good friend E.B. Tucker to share a simple two-step gold playbook.

As you may know, E.B. is a true gold expert. Before working in the newsletter business, he managed a precious metals equity investment fund. Today, he is on the board of a successful gold company. Read More

12.24.19- CIA memo explains how IMF's Special Drawing Rights were meant to displace gold
Chris Powell, GATA

Dear Friend of GATA and Gold:

Our friend Stuart Englert, who is writing a book on gold price suppression, calls attention to a declassified 1970 Central Intelligence Agency memorandum asserting that the Special Drawing Rights of the International Monetary Fund were created in 1967 in large part to reduce the world's demand for gold and particularly to reduce exchange of U.S. dollars, the world reserve currency, for gold.  Read More

12.23.19- Gold vs cash in a crisis
Richard (Rick) Mills

Mattress stuffers or bullion holders? Who fares better in a crisis? North American investors are divided between those who believe the decade-long stock market bull is going to keep running into the 2020s, and investors who, wary of something terrible happening, are hoarding cash and gold.  

The hopeful and the fearful 

The beacon hopeful investors are following is best symbolized by analysts at Bank of America Merrill Lynch, who describe current market conditions as “primed for Q1 2020 net asset melt-up”, based on continued monetary easing (central bank asset purchases, low interest rates) and a pending resolution to the trade war. A first-round trade agreement between the US and China was reached last Friday.  Read More

12.21.19- What If Just 3% Of The Population Stacked Silver?
SalivateMetal

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12.20.19- Is It Time for Silver Stocks To Blast Higher?
Marin Katusa

In 1973, planes loaded with 35 million ounces of silver flew to Switzerland.

The investment was initially designed as a hedge against inflation, which was becoming rampant in the United States.

The gold standard had just been lifted and the value of the U.S. Dollar was plummeting.

During the early 1970s, buying gold was forbidden, so silver was the best alternative. And three brothers took advantage. Read More

12.19.19- Why Elon Musk Secretly Loves Silver
Jeff Clark

It’s no secret that Elon Musk has some revolutionary ideas.

And by most measures, he has been wildly successful. Tesla orders hit a record 97,000 vehicles globally in the third quarter (not to mention 250,000 preorders for the new CyberTruck). The stock has more than doubled since May 1. And you might recall Mike Maloney is a big fan of Tesla cars.

But there’s something you may not know about Elon Musk. He won't admit it publicly. Neither will most “green” company CEOs. But it’s a reality for all of them. Read More

12.18.19- US Official Gold Reserves Auditor
Caught Lying

Jan Nieuwenhuijs

In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from the auditing protocol, while internal control meant to prevent this was failing. Many audits and assay reports have been destroyed. For decades a significant share of the metal was excluded from verifications for no apparent reason. And, the US government went to great lengths in withholding information and spreading false information about the audits, among other findings in documents obtained through Freedom of Information Act (FOIA) requests. All in all, these findings made me question the integrity of the auditor. Read More

12.17.19- The Ultra Wealthy Are Planning
to Avoid Taxes with Gold

Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Why the ultra-wealthy are stockpiling physical gold, Goldman says central banks are taking up 20% of global gold supply, and gold’s exceptional 2019 run could spill over into the new year.

High-net-worth individuals are using physical gold to combat uncertainty Read More

12.16.19- Silver Mine Grades are Plummeting—What Does it Mean for Your Holdings?
Jeff Clark

Silver mines aren’t pulling the same amount of metal out of the ground as they used to, which means less and less silver is coming to market.

Why is less silver coming out of the ground? There are a number of reasons, but there’s one in particular that has sidestepped the notice of most investors, and it may surprise you to find out just how bad the situation has gotten. Let’s look at that reason and what it means for you...

Of course, long-time readers have heard me outline before that new supply from silver mining is locked into a structural decline. Read More

12.14.19- A Missing Motive
Ted Butler

A new thought occurred to me about the extraordinary circumstance of the explosion of Federal Reserve accommodation in the repurchase (repo) market that erupted in mid-September. I’d be lying if I claimed to understand exactly what’s going on, except to know that truly astounding amounts of money (many hundreds of billions of dollars) are involved and that certain facts seem clear. Most reports point to JPMorgan as being at the heart of the expanding repo drama. Up until now, there has been no suggestion that the repo drama burst onto the scene by other than financial preconditions being ripe for the crisis to have erupted.  What follows is unadorned speculation about a possible connection or motive between JPM’s role in gold and silver and the developing repo saga. Read More

12.13.19- Inevitable For Hunt Brothers Silver Trade to Be Repeated
Nick Giambruno

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12.12.19- As The Financial System Melts Down Gold And Silver Will Soar
Dave Kranzler

To the extent that some analysts reject the Fed/Wall St/Perma-Bull narrative that the Fed’s repo operation is needed to address “temporary” liquidity issues or was caused by the newer regulatory constraints, the only explanation offered up is that the financial system’s “plumbing” is malfunctioning.  But there has to be an underlying cause…Read More

12.11.19- The End of an Epoch
Keith Weiner

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

What the heck did John Maynard Keynes mean by saying this? Overturning the existing basis of society?! Let’s begin by stating something that is both obvious and unpopular. We are living in days that could be called the end of an epoch. The signs are everywhere, and becoming more blatant. Read More

12.10.19- Silver Above-Ground Stocks A Mere Fraction Of Global Assets
Steve St Angelo

The debate on the amount of above-ground silver stocks is completely meaningless when we compare it to the value of global assets.  It is also true when we compare the estimated above-ground stocks of gold versus silver.  While there may be more silver held in the world than industry analysts have forecasted, it’s still a mere fraction compared to global assets. Recently, Jan Nieuwenhuijs of Voima Gold, formerly known as “Koos Jansen” at Bullionstar, wrote an article titled, “How Much Silver Is Above Ground?” Read More

12.09.19- Dark Money Will Push Gold Higher
Nomi Prins

Even though it’s on rate-cutting hold, the Fed nonetheless keeps engaging in aggressive oversubscribed repo ops, or as we like to call the process, “QE4R.”

QE4R involves offering money to banks in return for short-term U.S. Treasury and mortgage bonds, in shades of 2009.

The fact that the Fed is expanding its balance sheet through these repo operations allows it to pretend it is merely auctioning “adjustment-based” policy moves, rather than problem-based ones, to keep rates from rising and money becoming too expensive for banks. Read More

12.07.19- Gold Correction Not Over
Adam Hamilton

Gold has been correcting following last summer’s powerful bull-breakout upleg.  Since peaking, gold has inexorably drifted lower in a well-defined downtrend.  Traders are wondering when this necessary and healthy sentiment-rebalancing selloff will bottom, paving the way for gold’s next upleg.  But this correction still has a ways to run, according to speculators’ gold-futures positioning which dominates gold’s price action.

Gold has enjoyed a strong 2019, still up 15.0% year-to-date as of the middle of this week.  Unfortunately its gains have been overshadowed by a bigger stock-market surge, driven by extreme Fed easing.  This central bank shifted its rate outlook from hiking to cutting, made 3 rate cuts in just 3.0 months, and birthed its massive 4th quantitative-easing campaign to monetize Treasuries!  That’s incredible in just a half-year. Read More

12.06.19- Sell the Nasdaq and Buy Gold
Egon von Greyerz

In the long history of governments and central banks deceiving the people, August 15 1971 was just another date in the calendar. Throughout history, the ruling elite has always cheated the people. But the leaders’ irresponsible actions are always revealed as in the end they always fail.

Still, in modern times August 15th 1971 was a monumental day. That day was not the end of the financial system, and not even the beginning of the end. But it was perhaps the end of the beginning. Historians will recognise this paraphrasing of Churchill after the Allies’ El Alamein victory in 1942. Read More

12.05.19- Gold has outperformed the stock market over the last year
Simon Black

For more than a year, I’ve been strongly encouraging readers to consider buying gold.

In fact, almost exactly one year ago to the day, I wrote that gold was cheap relative to just about every other asset class in the world.

Since then, gold has been one of the best performing investments in the world.

Over the last 12 months, the price of gold is up 21.1%, handily outperforming everything from the S&P 500 index in the US to stock markets in China, Europe, and Canada, plus bonds, real estate, and even major commodities like oil. Read More

12.04.19- What happens to gold if COMEX collapses?
Lawrence Williams

I am indebted to Dr, Fraser Murrell, a follower of the mechanics of the gold market from Australia, for the following piece of theorising.  Dr Murrell has a Ph.D. in maths and well understands option pricing. He is now working on what the "physical premium" attached to the COMEX price should be, given expectations on the probability and date of a COMEX cash settlement but would be interested in contributions from other like-minded gold theoreticians in this work. Read More

12.03.19- Gold Poised For A Pleasant Holiday Rally
Dave Kranzler

The price of gold has held firm at the $1460 (front-month contract basis, not the Kitco “spot” price) level despite the constant price attacks that have been occurring overnight and into the Comex floor trading hours since early November.

On an intra-day basis gold has managed to hold continuous aggressive attempts to push the price below $1460 for the last 6 trading days, including today.  Interestingly, last Tuesday (November 26) and Friday, gold shot up during the Comex floor trading hours in the absence of any news or event triggers. Read More

12.02.19- And Now, for Someting Entirely Different: Why a Second American Revolution Is Necessary for the Entire World
Eric Zuesse

On November 11th, the very disturbing but clearly true “Lessons To Learn From The Coup In Bolivia” was posted to the Web. That anonymous author (a German intelligence analyst) documented the evilness of the overthrow of Evo Morales in Bolivia, and the threat now clearly posed to the world by the US regime — a spreading cancer of expansionist fascism, led from Washington. But, even more than this, he indicated that unless the individuals who are responsible for the advancing fascism are executed, there won’t be any real hope for democracy anywhere in the world. Read More

11.30.19- Gold and the Lender of Last Resort
Gary Christenson

Investopedia says“In the United States, the Federal Reserve acts as the lender of last resort to institutions that do not have any other means of borrowing, and whose failure to obtain credit would dramatically affect the economy.”

The Fed has created $billions in the past ten weeks (more on the way) and fed those billions into troubled banks, hedge funds, foreign banks and others. Lack of Fed transparency forces us to guess which institutions the Fed helped with $billions of nearly free dollars. Read More

11.29.19- Eating the Seed Corn – Precious Metals Supply and Demand
Dr. Keith Weiner

Misguided Incentives

The price of gold subsided a few bucks, and the price of silver blipped a few pennies. Not much action last week, groceries neither pumped into nor drained out of this asset class. Those who look to exchange capital goods for groceries need to find a different asset.

Not even the S&P 500 Index provided a gain in groceries this week. It certainly wasn’t the much-vaunted store of groceries, Bitcoin, which leaked 12 of them last week. 10-year treasuries picked up some purchasing power, but not a lot. Read More

11.28.19- Gold Poised For A Pleasant Holiday Rally
Dave Kranzler

The recent sell-off in gold has triggered massive gold demand from India. Recall that India had been dormant since June, when the Government increased the import duty by 25% on imported kilo bars. But the lower price of world gold, combined with India's peak seasonal gold buying period has unleashed India's gold importation beast.

Based on premiums being paid for gold after taking into account the import duty (this is data I receive daily from a high-priced subscription service we get for my fund), Indian importation is running full-tilt. For illustrative purposes, using $1455 as a base price, inclusive of the import duty plus the ex-duty price premium, Indians are paying the equivalent of $1644/oz for gold right now. This demand for physical gold is likely responsible for preventing a much deeper sell-off in the price. Read More

11.27.19- German Central Bank: Gold is the Bedrock of Stability for the International Monetary System
Jan Nieuwenhuijs

European central banks are slowly preparing for plan B: gold.

It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment. Such statements, combined with actions that will be discussed below, reveal that more and more central banks are preparing for plan B. Read More

11.26.19- TD Securities: Make the most of price pullbacks, as gold will reach $1,650 in 2020
Birch Gold Group

In their latest report, TD Securities went over some of the things that investors can expect in 2020 and concluded that gold is facing an even better year ahead. 2019 was a standout year for the yellow metal, as prices rose to six-year highs amid countless drivers.

And while prices have somewhat pulled back in the fourth quarter, TD Securities’ strategists note that not much has changed in regards to gold’s outlook. The team pins the pullback largely on optimism surrounding a U.S.-China trade deal. However, trade tensions with China were just one of the many tailwinds pushing gold up, and there is still no guarantee that a satisfactory deal will be reached. Read More

11.25.19- Take Advantage of
the Gold Rally Underway

E.B. Tucker

Late last year, gold was stuck below $1,300 an ounce. There was a lot of fear in the market because we were only a couple of months removed from gold’s lowest price since 2016.

But I wasn’t afraid…

In fact, I called for $1,500 per ounce of gold in 2019.

In August, it hit my target.

Now, the price has retreated a bit since, but gold’s still flirting with $1,500 per ounce as I write. Read More

11.23.19- A Genuine Dilemma
Ted Butler

Yet another former precious metals trader from JPMorgan has been indicted for spoofing and price manipulation by the US Department of Justice. Between all the criminal guilty pleas and indictments to date, it begs the question – were there any precious metals traders at JPMorgan which weren’t engaged in illegal trading activities? From my close professional observation for more than a decade, I would be dumbfounded if any JPMorgan precious metals traders were on the up and up. Perhaps it might be more expedient for the Justice Department to list the traders at JPMorgan which it considered as non-criminal. Read More

11.22.19- As Gold Soars, Silver Readies
to Catch Up

Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How gold is standing out among other precious metals, gold prices likely to keep rising as demand intensifies, and Serbia buys nine tons of gold after the president’s crisis advice.

In the year of precious metals, gold stands out while silver prices lies in wait Read More

11.21.19- Here’s Why $5000/Oz is a
Low Price for Gold

Mike Maloney

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11.20.19- Rip Roaring Year-End Gold & Silver Rally? Only If These 2 Things Happen…
Michael Ballanger

With the stock market surging higher, the market riggers likely do not have to lean as heavily on gold & silver, however, to get a rip roaring rally…

“For every action, there is an equal and opposite reaction.” —Sir Isaac Newton (Newton’s Third Law)

In nature, where everything moves freely absent human interference, her omnipotent forces are allowed to manifest themselves in manners that create a living ecosystem that supports life in the air, on land, and on and within the oceans. It is perfectly balanced to sustain itself and has done so over billions of years. Read More

11.19.19- The Perversity of Negative Interest
Monetary Metals

Today, we want to say two things about negative interest rates. The first is really simple. Anyone who believes in a theory of interest that says “the savers demand interest to compensate for inflation” needs to ask if this explains negative interest in Switzerland, Europe, and other countries. If not, then we need a new theory (Keith just presented his theory at the Austrian Economics conference at King Juan Carlos University in Madrid—it is radically different).

Perverse Inventives

Second, negative interest perversely incentivizes some very perverse behaviors. Read More

11.18.19- The Cure For Dishonest Money
Is Honest Money

Bob Moriarty

As the U.S. stock market grinds higher virtually every single day the macro backdrop, whether it’s Hong Kong of Washington D.C., has rarely looked less stable. Much of the equity market stability can be credited to the central bank easing policies of the ECB and Federal Reserve, however, underneath the surface exists a mountain of derivatives and the largest pile of debt that has ever existed across the global financial system. In our latest conversation, 321gold founder Bob Moriarty explains that ‘dishonest money’ is the #1 problem facing the world today and the only cure for dishonest money is honest money. Bob then proceeds to tell us what his favorite forms of honest money are, namely precious metals. Read More

11.17.19- The Gold Price IS NOT The Price Of Gold
Egon von Greyerz

The gold price is determined in a Casino with massive leverage and has nothing to do with the real price of physical gold. More about that later in the article.

At what point will gold turn from a minority interest attracting less than 0.5% of world financial assets to a mass-market investment? Read More

11.15.19- Don’t Look Now, But India Is
Loading Up on Silver

Jeff Clark

It’s quite possible that a new catalyst for silver is emerging.

It didn’t make a lot of headlines, but India’s silver imports have seen a big jump. So big that we need to talk about it, because if this trend continues it could have a sizable impact on the tiny silver market.

There’s a chart I want you to see, but first…

How Important is Indian Demand? Read More

11.14.19- Why There Are Very Few Real Silver Companies
Maurice Jackson

You can’t really find a pure silver play anywhere in the world…

Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp.

Thank you for joining us. Two years ago, Mickey, we discussed the value propositions in tax-loss selling. Last year we did one on peak gold. I like to have your thoughts today regarding the value proposition of silver bullion, silver junior mining companies, and then those that extract silver, and if those aren’t the ones that we should be focusing our efforts on, then let’s find out what you are focusing your efforts on. So first let’s discuss silver bullion. There’s a number of speculators in the space that they’re always optimistic about the value proposition, currently the silver ratio is, what, in the 80s, mid-80s? Read More

11.13.19- To JPM And The CFTC:
Liar, Liar Pants On Fire

Bill Murphy

Time to do a brief general review of the gold/silver manipulation mess. To have some fun with this one please listen to a great, 55 year old tune by The Castaways titled Liar Liar. It will put you in an upbeat mood to reflect on what we are up against. What is most important to appreciate is that the flavor of this song is what we have been dealing with for over 20 years.

While listening to this fun music, it led my thoughts to two Liars, as is beyond obvious… Read More

11.12.19- 2020 vision
USA Gold

“I’m no insect. Gold is a great way to make a lot of money.” – Thomas Kaplan, Electrum Group

In the February edition of this newsletter, we ran an article under the headline:  Will 2019 be the year of the big breakout for gold? Though we would not characterize gold’s move to the upside so far this year as ‘the big breakout,’ 2019 has been the best year for gold since 2010 even with the recent correction taken into account.  Back in September when the price gold reached $1550 per ounce – up almost 22% on the year – 2019 was looking more like a breakout year. Now with the move back to the $1460 level, the market mood has become more restrained. As it is, gold is up 15 of the last 19 years and still up 14.45% so far this year. Read More

11.11.19- Gold is the Alpha Currency
Gary Christianson

Breaking News:

The Dow closed at 26,616 on Jan. 26, 2018, a new high. The Dow closed on November 5, 2019 at 27,492, a gain of 3% in 22 months.

Gold closed at $1,352 on Jan. 26, 2018. Gold closed at $1,484 on November 5, 2019, a gain of 10% in 22 months.

The Fed announced they would buy $60 billion/month in Treasuries but refused to admit it was QE. Sounds like welfare for the upper 1%…Read More

11.09.19- Expert: Gold Will Break Its All-Time High
E.B. Tucker

I sat down for half a dozen media interviews earlier this year where I called for $1,500 per ounce of gold in 2019.

In several cases, the hosts nagged me about my prediction, asking if I would stick with it. I did. In August, it hit my target.

Now, the price has retreated a bit since, but gold’s still flirting with $1,500 per ounce, as I write.

Here’s why I’m writing you today: I believe $1,500 is only the beginning for gold. Read More

11.08.19- Buy Gold Before Marxism
Destroys Your Money

Egon von Greyerz

Is a Marxist government soon going to rule the UK. The UK Labour leader Jeremy Corbyn has launched his election campaign and set out his Marxist policies. The UK has been ungovernable since 2017, with a hung parliament and there will now be an election on December 12th.

The whole country knows that Corbyn is a Marxist but very few understand the consequences of Marxism. But Corbyn has on the first day of his campaign clearly spelt out what Marxism really means. In true Marxist style, Corbyn attacked some of the UK billionaires and named them individually. Read More

11.07.19- Too Bad They’re Not Gold Bugs: A Review Of HBO’s Years And Years
John Rubino

HBO’s new series Years And Years begins in the more-or-less present, with the Lyons, an aggressively diverse UK Family that’s trying – and mostly succeeding – to navigate life’s complexities. There’s the acerbically funny grandmother, the gay grandson and his illegal immigrant mate, the African wife of another grandson, the wheelchair-bound sister who nevertheless gets a lot of action, and of course plenty of mix and match kids. There’s even a “trans” teenager, though for her the term means “trans-human” — aka wannabe cyborg — leading to a funny scene where her parents aren’t sure whether to be relieved or even more alarmed. (Spoiler alert: “more alarmed” turns out to be justified.)Read More

11.06.19- You’re Probably Underinvested In Gold
Frank Holmes

The U.S. was founded 243 years ago, and in that time it’s amassed some $23 trillion in debt and counting. As staggering as this number is, it’s still less than half what Elizabeth Warren says her government-run “Medicare-for-all” program would cost… over only 10 years.

The Massachusetts senator and presidential contender made the announcement Friday morning, responding to critics who’ve demanded to see some details on her ambitious proposal. According to her campaign, the price tag to provide Medicare-style health care to every American would be “just under $52 trillion.” Read More

11.05.19- The Great Silver Heist
Johnny Silver Bear

I founded the Silver Bear Cafe in the spring of 2002 for the purpose of raising the awareness of everyone I could, concerning the importance and value of precious metals to our liberties, our freedoms and our American way of life. As the editor of the Silver Bear Cafe, I find myself continually "telling Noah about the flood", as our readership is made up, generally, of "community members." By community, I mean the relatively small group of contrarians that frequents web sites such as "the Bear". These "community members" are generally already in tune with the causes and effects of the downward economic spiral we find ourselves in. Still, I find myself driven to "spread the word" and extend my reach to include "Joe Six Pack" on Main Street, USA. Read More

11.04.19- 16 Tons and A Briefcase
Gary Christenson

Tennessee Ernie Ford sang about the plight of coal miners decades ago. His song remains relevant in today’s increasingly crazy world.

“You load sixteen tons, what do to you get

Another day older and deeper in debt

Saint Peter don’t you call me ‘cause I can’t go

I owe my soul to the company store.”

The owners paid in script which coal miners used as currency. Script had no intrinsic value and was only good at the company store. The owners increased profits by coercing miners to buy goods at higher prices. Script cost next to nothing to produce. Read More

11.02.19- Sleepwalking Toward A Crisis –
Got Gold?

Dave Kranzler

“By sticking to the new orthodoxy of monetary policy and pretending that we have made the banking system safe, we are sleepwalking towards that crisis.” – Mervyn King, former head of the Bank of England in a lecture at the IMF’s recent annual meeting

The market levitates higher on phony economic data from the Government, Trump tweets, Fed money printing and hedge fund algorithms chasing headline and twitter sound bites. Currently the stock market, dulled by money printing and official interventions, could care less about economic reality and rising global systemic geopolitical and financial risk. Corporate headline earnings “beats” are considered bullish even if the earnings declined YoY or sequentially. Read More

11.01.19- As Gold Prices Prove Resilient,
Is Silver Due to Soar?

Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What really pushed gold to six-year highs, Agnico CEO sees gold prices reaching $2,000 in 2-3 years, and an opportunity to buy silver is coming out of the woodwork.

How gold managed to post its best performance since 2013

The latest report by Bank of Nova Scotia examined what propelled gold to levels last seen in 2013, along with taking a look at why the metal could have an even better year ahead. Read More

10.31.19- Wealth Accumulation Is Becoming Impossible
Keith Weiner

We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.

A bank deposit comes with a risk. But instead of compensating you for the risk, the bank pays you nothing. So it’s a return-free risk. And worse than that, a negative rate means that you are paying the bank in order to take the risk of lending to them. Read More

Wag the Dog - The new COMEX and Shanghai gold contracts
Ronan Manly

This month, in a move which went largely unnoticed, the US and Chinese gold markets moved one step closer to lockstep, when the CME group, home of the COMEX gold derivatives market and the Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, simultaneously and jointly launched a series of gold futures products in what they pitched as cross-market cooperation. Read More

10.29.19- The Return of the Silver Whale?
Ted Butler

I’d like to follow up on an issue I first raised with subscribers last week, namely, the possible reemergence of the silver whale in COMEX silver futures. I want to preface this by openly acknowledging I may be premature in concluding a big buyer has begun to accumulate large quantities of silver futures contracts, but the matter is important enough, in my opinion, to warrant attention now. This can be a complicated issue, so please don’t hesitate to contact me with any questions you may have. Read More

10.28.19- And Now, for Something Entirely Different: Could Modern Monetary Theory (MMT) Actually Save Us?
Charles Hugh Smith

Spoiler alert: no. But that doesn't mean we won't try it.

Modern Monetary Theory (MMT) is presented as a means to painlessly fund the large-scale infrastructure / alternative energy spending the nation desperate needs to rebuild and modernize.

While most people support the goal of useful fiscal stimulus (as opposed to paying people to dig holes and fill them), the question remains: Will MMT work as advertised?

Rather than dismiss it out of hand, I’m trying to approach the subject without ideological bias. Read More

10.26.19- Gold Seasonality Turns Positive – Prepare For A Big January
John Rubino

The gold market has a saying — “sell in May and go away” – for a good reason: Asians like to give gold jewelry as wedding gifts and tend to hold most of their weddings in the Spring. Asian jewelers therefore have to load up on inventory – in the form of gold bullion – in winter. This demand cycle puts upward pressure on prices in January and downward pressure in late Spring when Asian buying dries up. 

But not this year. Starting in May, when history says gold should be weak and gold bugs who know what’s good for them should be off doing other things, gold jumped from $1,250 to $1,500. Read More

10.25.19- Precious metals round-up
Alasdair Macleod

Growing evidence of an economic downturn despite unprecedented monetary inflation since Lehman means a new credit and systemic crisis is becoming increasingly certain. In an attempt to prevent a new crisis developing, this time the scale of monetary inflation by the authorities will have to be even greater. The rise in the price of gold since December 2015 and its break-out from a three-year consolidation period earlier this year confirms that the risks of a credit and systemic crisis undermining fiat currencies have been increasing for some time. Read More

10.24.19- Top Producers Silver Mine Supply Continues To Decline JAN-JUL 2019
Steve St Amgelo

Three of the largest silver producers in the world saw their combined mine supply continue to weaken in the first seven months of 2019.  While Mexico and Chile experienced declines in their silver production, Peru was by far the biggest loser. Peru, which is the second-largest silver producer in the world, suffered an 11% decline in the country’s domestic mine supply Jan-Jul 2019.

Even though the decline of silver mine supply at these leading producers isn’t impacting the current silver market price currently, it will likely do so as the Fed and central banks lose control of their QE money printing and asset purchase policy. In less than two weeks, the total U.S. debt has increased by another COOL $85 billion. With total U.S. public debt now at $22.92 trillion, it’s only a matter of time, maybe just a few weeks before we reach another record of $23 trillion. Read More

10.23.19- Start thinking about silver before it becomes popular again
Simon Black

In 663 BC, King Ashurbanipal of the Assyrian Empire invaded Egypt and sacked the city of Waset (located in modern day Luxor on the Nile River).

Ashurbanipal vanquished the city, purportedly seizing more than 75 metric tons of silver for his personal collection.

At the time in the ancient world, the prevailing ratio between gold and silver was 1:2. In other words, 75 metric tons (= 75,000 kilograms) of silver was worth 37,500 kilograms of gold, equal to $1.76 billion in today’s money. Read More

10.22.19- French Gold in World War Two
Larry LaBorde

This story is about one of the world’s largest gold hoards stored in one of the largest most secure vaults ever built. The French stored their 2,500 tons of gold in their secure underground vault in Paris. When the Germans began their offensive, the French started to remove its gold as a precaution. When the Maginot Line was breached and it was clear Paris would be overrun the remaining gold was rushed out of France. The gold traveled over thousands of miles in different directions by ship, train, truck, and airplane during WWII. So grab your Indiana Jones fedora and a globe so you can follow along. Read More

10.21.19- Money and the theory of exchange
Alasdair Macleod

Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major currencies to deal with it will be on an unprecedented scale. The potential collapse of the current monetary system as a consequence must be taken very seriously.

To understand the consequences of what is likely to unfold requires a proper understanding of what money is and of the purpose for its existence. Read More

10.19.19- More Unanswered Questions
Ted Butler

It was, after all, a simple question that sparked my interest in silver from the start. Some 35 years ago, my now-departed friend and mentor, Israel Friedman, challenged me with a question that took me a year to answer. Actually, “challenged” is not the right word, either back then or today. Izzy simply asked a question to which he had no real answer of someone he thought might be able to answer. In a real sense, the question conveyed a degree of respect, in that Izzy only asked me because he thought I might have an answer. It is with that same degree of respect that I ask for answers to my own questions today. Read More

10.18.19- The Coming Inventory Liquidation
Simon A. Mikhailovich

Central banks are again willing to do «whatever it takes» to avoid a debt liquidation. However, this will not solve the underlying problem. The eventual unwinding is going to entail massive disruptions. What can investors do to protect themselves against the coming devaluation?

The left side of the balance sheet has nothing right and the right side of the balance sheet has nothing left. But they are equal to each other. So accounting-wise we are fine. 

Jacob Frankel, AIG Vice Chairman, 2008
Read More

10.17.19- The Caveman’s Diary 2019: “Gold Good… Stocks Bad… Get More Gold”
Jeff Clark

A textbook in my Master of Psychology program theorized that most things in life come down to core drives—food, shelter, sex, etc. Throw in Freud’s pain and pleasure principals and this is supposedly what drives everything we do.

We had a good time poking fun of simplistic theories as to what motivates people. Human emotions and motivations are complex.

Except when it comes to money. Read More

10.16.19- In an Illusory World - Gold is the Truth Teller
Egon von Greyerz

There will in the next couple of years be a real Eureka moment in markets. But it is unlikely to be of the same satisfactory nature as in the case of Archimedes. The Greek mathematician and scientist reportedly said “Eureka, Eureka” (I found it) when he discovered that the volume of water displaced in his bath was equal to his body’s volume.

Interestingly, Archimedes applied this principle to assess the gold content of the crown of King Hiero of Syracuse. A goldsmith had tried to cheat the king by replacing the gold in the crown with the same weight of silver. But since gold has twice the density of silver and therefore weighs considerably more for the same volume, the goldsmith’s deceit was revealed. More about the Eureka moment in markets later. Read More

10.15.19- A Global Gold Rush is Imminent
Mac Slavo

Whether you believe it or not, a global gold rush is imminent! While the American corporate-owned (and state-backed) mainstream media has been completely ignoring it, one country after another has been taking steps to divest themselves of their U.S. dollar.

Examining it more closely, we might even start to connect the dots and conclude that there’s a coordinated effort among these nations to dethrone the dollar as the world’s reserve currency. –James Davis, Future Money Trends

Davis believes that the government and the mainstream media have no intention of keeping anyone informed. Read More

10.14.19- UBS Boosts 2020 Gold Forecast
Even Higher

Birch Gold

This week, Your Information to Know rounds up the most recent high tales involving gold and the general economic system. Tales embrace: Swiss financial institution sees gold costs leaping to $1,720 in 2020, strategist says gold costs may soar to $2,000 subsequent yr, and 5 the reason why proudly owning gold is nice technique.

UBS ups its forecast again, expects gold to reach $1,720 next year Read More

10.12.19- Gold Demand Fragile
Adam Hamilton

Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for owning gold is lacking. Thus recent gold demand is fragile.

Gold investment demand is a major driver of gold price trends. Gold naturally surges when investment capital is flooding in, and slumps when it flows back out. While investment demand is a relatively-minor fraction of overall global gold demand, it is the most-volatile major demand category by far. Read More

10.11.19- Fed Balance Sheet Expansion, Unicorns, Unintended Consequences and Gold
Dave Kranzler

The Bank for International Settlements (BIS) – the Central Bank of Central Banks – released two reports on “unconventional policy tools” – e.g. QE/money printing and interest rate suppression. It concluded that the extreme Central Bank interference since 2008 has had a negative impact on the way in which financial markets function.

While Jerome Powell and his “Gang That Couldn’t Shoot Straight” at the Fed prefer to use the term “balance sheet growth” in reference to money printing, the big-thinkers at the BIS call it UMPT (Unconventional Monetary Policy Tools).”Read More

10.10.19- And Now, for Something Entirely Different: "The effluent is about to hit the affluent."
Johnny Silver Bear

I would like to make an admission. I now believe that I jumped to a partially wrong conclusion several years ago when I thought that I had pinpointed the cause of our economic woes. When I set out on my quest, in the summer of 2000, to find out the truth about the failing economy, and the dissolution of our retirement accounts, I was immediately drawn to the actions and activities of the Federal Reserve. Not coincidentally, it was soon after I had been introduced to G. Edward Griffin's book, the Creature from Jekyll Island (an absolute must read for anyone who has retained the power of critical thought). Through Mr. Griffin's looking glass, I was introduced to the faux science of Keynesian Economics. Read More

10.09.19- 3 Tips for Picking Junior Gold Stocks
Jordan Roy-Byrne, CMT

As the correction in gold stocks continues and as it’s likely to endure for the time being, we take a step back and share some tips for selecting individual junior gold companies.

The current correction may provide the last chance to buy before the bull market in Gold is confirmed and capital pours into the junior sector and pushes up prices.

Here are three of our best tips to help you spot the big winners before the crowd. Read More

10.08.19- ETF Bullion Holdings Hit Record As Investors Go Gold Crazy
Simon Constable

Examples of gold bullion (right) are on show at Merrion vaults in Dublin on January 7, 2019. - In a vault under the streets of Dublin a pot of gold owned by anxious investors is growing every day Britain edges closer to leaving the EU without a deal.

Investors can’t seem to get enough of exchange-traded gold funds.

In September, gold-backed ETFs and similar funds snapped up an extra 75 metric tons of the metal worth almost $4 billion, according to a report published Tuesday by World Gold Council. Read More

10.07.19- Death Is Coming To The US Stock Market, Volatility Is Coming To Gold & Silver
Paul “Half Dollar” Eberhart

SD Outlook: A ‘death cross’ in this index says the markets are going down. Gold & silver may get hit on Monday, however…

Gold & silver may have a turn-around week, and I’m preparing for volatility in the markets.

First, China is still on Golden Week.

I do not think gold & silver are in the clear just yet. Read More

10.05.19- What’s driving the rare simultaneous rise in gold and the dollar?
Ivan Martchev

How to trade this trend

The U.S. dollar is at an all time high. Gold is rising too. That’s rare.

The Broad Trade-Weighted Dollar Index is at 130.69 at last count, after reaching its all time high of 131.57 in September. This is a broad dollar index that is weighted by trade volumes and includes the Chinese yuan as well as other emerging-markets currencies. Read More

10.04.19- Deflation or Inflation: Gold Doesn’t Care
Rudi Fronk and Jim Anthony

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss recession, central bank panic and an outrageous gold price.

In our view, gold investors should settle back with some popcorn and enjoy the coming fireworks, which will include the best gold bull market ever, with all the volatility that implies. We see new all-time highs just around the corner. The challenge is to take a position and stay the course. Central banks are about to pay for decades of bad policy and gold will reap the dividends. Read More

10.03.19- The Big Silver Shock:
Is $150 a 'No Brainer'?

Jeff Clark

The Big Silver Shock: Institutions Decide to Invest

A lot of readers liked our article on how much cash could flood the gold market once institutional investors start buying.

Now it’s time to look at silver. And as most readers know, the silver market is much smaller than gold, meaning it could be easily overwhelmed—much more than gold—if these investors begin to take interest. Read More

1002.19-Gold's summer rally is just the start - UBS
Neils Christensen

(Kitco News) - Gold rally in June that has driven prices nearly $200 higher could be just the start as other investment sectors, largely absent during the summer, finally jump into the market, according to one market strategist.

In a report Tuesday, Joni Teves, precious metals strategist at UBS, said that she is upgrading her gold forecast as she sees prices pushing through $1,600 an ounce in the next 12 months. She added that she expects gold prices to push to $1,600 by the end of the year. Read More

10.01.19- Class-Action Suits May Eventually Result in Damages Paid Out to Cheated Metals Investors
Clint Siegner

Gold and silver investors have been watching the Department of Justice investigation of criminal price rigging at JPMorgan Chase and other bullion banks carefully. Several crooked traders have pled guilty to “spoofing” the markets and more have been indicted.

The DOJ has even suggested the banks have been engaged in racketeering. Prosecutors may use RICO laws designed for taking down organized crime syndicates to prosecute these shady Wall Street firms. Read More

09.30.19- Gold Forecast: Thoughts About
$25,000 Gold

Kelsey Williams

I'm sure that others are already calculating and anticipating what $25,000 gold might mean to holders of the shiny, yellow metal. It makes previous targets of $10,000.00 per ounce sound blandly conservative.

But, is $25,000 per ounce for gold a reasonable number? And, when might we expect it?

Pierre Lassonde, Canadian philanthropist and co-founder of Franco-Nevada, says gold could hit $12,500 an ounce by 2049; and that under the "right" conditions, it could go as high as $25,000. Read More

09.28.19- The Dow-to-Gold Ratio Says to Keep Holding Gold
Tom Dyson

My ex-wife and I are on sabbatical. We’re traveling around the world with our three kids, having an epic adventure.

I’m not supposed to be working, but when I saw what was happening in the equity and gold markets late last year, I drained my savings accounts and converted everything to gold.

Then I started nagging my family members to do the same… Read More

09.27.19- Silver Gets Knocked Down Before It Goes on to Win the Fight
David Brady

In my September 5th article entitled “Silver Takes a Much-Needed Breath”, I stated the following:

There are three possible scenarios I am watching. The highest probability scenario is that this is just a wave (4) pullback and we continue higher again in wave (5) to ~21 before we begin a wave ii reversal.

Wave (4) should be a 3-wave A-B-C structure, with wave A down, B up, and C down to finish. A reasonable target for the bottom of wave (4) would be 17.40-50. This is the prior high and resistance, now support. Read More

09.26.19- GOLD vs. PAPER MONEY: Production Cost Is A Good Indicator Of Real Value
Steve St Angelo

The U.S. Treasury printed another $243 billion worth of paper money in 2018, with the majority being issued as $100 Federal Reserve Notes.

What’s interesting is that the Reserve Banks estimated the number of notes they were going to remove from circulation and destroy accounted for 75% of the U.S. Treasury 2018 print order.

However, according to the FederalReserve.gov website, the currency in circulation in 2018 increased by approximately $100 billion: Read More

09.25.19- Banksters Finally Hit with Racketeering Charges – Better Late Than Never!
Clint Siegner

JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.

Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks’ defenders were bolstered by a 5-year-long investigation by the compromised Commodity Futures Trading Commission (CFTC) which ended without a single banker being prosecuted. Read More

09.24.19- Silver Price Forecast: Rare Signal Says Surge Ahead
Christopher Aaron

The precious metals are on the verge of flashing a signal that has only appeared three other times in the last twenty years. While the signal will be positive for all of the precious metals, it is silver that looks set to shine the brightest over the next several months.

Investors should carefully consider whether they have a proper allocation to the silver sector at this time.

The Gold to Silver Ratio

What is the signal we are referring to, which is flashing now for only the fourth time in the last two decades? Read More

09.23.19- Silver prices have big upside potential
Jim Wyckoff

Monday's strong gains in the silver market have focused more trader and investor attention on the metal that many term gold's little brother. Indeed, safe-haven demand has driven both silver and gold prices solidly higher since early-summer. Today's burst in silver prices to a two-week high has significantly improved the near-term technical posture for that market. Near-term chart resistance for silver now lies at $19.00 and then at this year's high of $19.75, basis December Comex futures. Read More

09.21.19- These are the Two Key Tailwinds for Gold’s Rise in Value
Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Record high debt and record low yields are the real tailwinds for gold, Jim Rickards thinks the world is unprepared for the next financial crisis, and China’s gold-buying spree adds nearly 100 tons to the country’s reserves since December.

Record high debt and record low yields are the real tailwinds for gold Read More

09.20.19- Serious Inroads, But Still Unfinished Business
Ted Butler

By now, it would have been hard not to have read about the Justice Department’s landmark criminal indictments against three additional precious metals traders from JPMorgan. Two of the traders charged are current employees and include the head of global metals trading. The charges involve spoofing and market manipulation that extend back for nearly a decade. In a very serious turn, the Justice Department invoked the Racketeering and Corrupt Organization Act (RICO) and referred to the pattern of wrongdoing at JPMorgan as that of a criminal enterprise. I am grateful that the new charges validate virtually everything I have alleged about JPMorgan for more than ten years to the point where a subscriber quipped that the DOJ was plagiarizing my work. Read More

09.19.19- Former Overstock CEO Byrne Dumps $90 Million Stock Gains Into Gold, Crypto "Out Of Reach Of Deep State"
Tyler Durden

After falling out of favor with shareholders over his company's poor stock performance, comments about the "deep state" and his alleged relationship with Russian honeypot Marina Butina, Overstock CEO Patrick Byrne announced his resignation weeks ago.

And now, it looks like Byrne has finally checked out completely: on Wednesday after hours, he filed a Form 4 showing that he had sold his entire ~$90 million stake in the company into the stock's recent squeeze as lending desks struggled to figure out how to handle the company's recently proposed "digital dividend". Read More

09.18.19- Why Are People Now
Selling Their Silver?

Keith Weiner

This week, the prices of the metals fell further, with gold -$18 and silver -$0.73.

On May 28, the price of silver hit its nadir, of $14.30. From the last three days of May through Sep 4, the price rose to $19.65. This was a gain of $5.35, or +37%. Congratulations to everyone who bought silver on May 28 and who sold it on Sep 4.

To those who believe gold and silver are money (as we do) the rising price of silver may seem right as rain. Why shouldn’t the dollar go down? It’s a rubbish currency, and any moment everyone else will realize it. And therefore it should go down in anticipation of that, right? Read More

09.17.19- DOJ Accuses JPMorgan's Precious Metals Trading Desk Of Being A Criminal Enterprise
Tyler Durden

Who would have thought that JPMorgan's precious metals trading desk is the functional equivalent of the mafia, and that its one-time leader, Blythe Masters, was the mafia's don? 

Well, almost everyone who didn't mind being designated a conspiracy theorist for years. And now comes vindication, because this has just been confirmed by the DOJ, which accused the PM trading desks at JPMorgan of being deeply involved in what prosecutors described as a "massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants." Read More

09.16.19- Market Report: The importance
of $1500 for gold

Alasdair Macleod

After the sharp falls seen at the end of last week, gold and silver consolidated in a narrow range, other than yesterday when the ECB announced a 10 bp cut in its deposit rate to minus 0.5%. Gold’s trading range before and after the announcement was $25, while that of silver was 47 cents. Otherwise trading ranges were remarkably tight. By early morning trade in Europe this morning (Friday), gold was down a net $1 at $1506 and silver down two cents at $18.16. Read More

09.14.19- Precious Metals Premiums Are Rising & $1,650 Gold Next Target
Tom Cloud

In Tom’s newest update, he started off discussing how the premiums on silver bars and products had jumped in just the past three weeks.  It’s been a while since premiums on silver bars have gone up, and with the recent increase in the price, demand has picked up.  Since the beginning of the year, gold’s price has increased by 18% while silver is up 20%.

Tom explains that due to the negative interest rates, demand for gold in Germany has seen the largest increase since 2011.  Furthermore, the World Gold Council reported that flows into European Gold ETF’s increased by 139 metric tons in 2019. Read More

09.13.19- The price of gold just hit a record high
Simon Black

A few hours ago, the European Central Bank announced a bonanza stimulus package: interest rate cuts, money printing, quantitative easing, the whole nine yards.

Europe’s economic growth has ground to a halt. The German economy actually shrank last quarter, according to official statistics.

So the European Central Bank is throwing everything including the kitchen sink at this problem. Their stimulus package is like a monetary defibrillator trying to shock Europe’s economies back to growth. Read More

09.12.19- Jim Cook Interviews Ted Butler: The case for a silver price explosion
has never been stronger

Theodore Butler

Jim Cook, Investment Rarities interviews Ted Butler

Q: For a number of years, you have been insisting that silver would experience dramatic price gains. Any change in your thinking these days?

A: Not only has there been no change in my thinking, the case for a silver price explosion has never been stronger.

Q:: In what way? Read More

09.11.19- SILVER PRICE MANIPULATION: Setting The Record Straight
Steve St Angelo

With the silver price now experiencing a correction after running up more than $5 in the past three months, we now see more articles suggesting price manipulation as the bullion banks hammer the metals.  There continues to be this notion put forth by many precious metals analysts that the bullion banks, especially JP Morgan, are controlling the gold and silver prices.

While I have no doubt there is an intervention in the precious metals markets, we must remember that the Fed and central banks are manipulating the ENTIRE MARKET with money printing, bond purchases, debt issuance, and zero (or negative) interest rates.  However, the current price of gold and silver, even with the supposed market rigging, are still priced higher than their overall average production cost. Read More

09.10.19- This Gold Rally Is Different For One Critical Reason
Birch Gold

Why the gold rally might be different this time

As Forbes contributor Rob Isbitts notes, gold has had two major price breakouts over the past three decades. Each of them was brought about by immense geopolitical and economic turmoil, and Isbitts thinks we are heading for a third instance where investors worldwide flee to safety.

Isbitts believes that this one, however, will be markedly different. In the previous two instances, while the gold market flourished, it also had a safe-haven competitor in the form of government bonds, as the 10-year Treasury’s yields stayed between 4% and 5%. Read More

09.09.19- Lessons From My Very First Gold Trade
Jeff Clark

It was October 1980. I was sitting on a public bus with my girlfriend, discussing what sort of engraving I should have on my high school ring. I mentioned how unfortunate it was that gold prices were so high that I would have to work extra hours at the shoe store to buy the ring.

A stranger in the seat in front of us turned around and uttered this sentence:

“Be careful trading gold during a full moon.”

There was a full moon that evening. But, I ignored the stranger’s advice and bought the gold ring anyway. Read More

09.07.19- The Missing Piece to the Puzzle
Joe Jarvis

Gold and silver are experiencing an impressive rally at the moment. The yellow metal is up 20% since January 1st and 29% year-over-year. Our favorite white metal has fared even better, producing returns of 25% since Jan.1 and 36.5% year-over-year. This is all good news for precious metal investors, who have been waiting a long time for this rally. But the big question for many still remains; will we see new record highs (in terms of US dollars) for gold and silver, surpassing the highs we experienced during the last financial crisis? Read More

09.06.19- Gold Prices Will Keep Rising Because Crash Conditions Are Becoming Obvious
Brandon Smith

The price movements of precious metals are difficult for some people to understand. In the world of equities, investors are mesmerized by tickers day in and day out, and market movements occur minute by minute. This realm of investment teaches people to shorten their memories, their attention spans and their patience. In the world of gold and silver, however, investors buy and sell according to cycles that last years – oftentimes several decades. It is the complete antithesis to stocks. Read More

09.05.19- The Power of Scarcity
Frank Holmes

The fast food world gave us an interesting case study in supply and demand last week. By now you’ve no doubt heard about The Chicken Sandwich, the surprise superstar menu item from Popeyes Louisiana Kitchen that’s launched 1,000 blog posts, op-eds and thought pieces. According to reports, the Cajun restaurant sold out of its entire seven-week inventory in just over two weeks. 

As what often happens when demand outpaces supply this dramatically, the value of the Popeyes sandwich has exploded on the secondary market. One Maryland man managed to sell his for $100, an incredible 2,400 percent markup over the retail price of $3.99. Read More

09.04.19- Are We Witnessing the Early Stages of a Bull Market in Gold and Silver?
Birch Gold Group

Get ready for gold to touch $1,800

After a disappointing June meeting between President Trump and Chinese president Xi Jinping, Forbes contributor Naeem Aslam believes that Trump’s recent speech at the G7 summit did little to soothe worries that both economies will keep insisting on their respective trade terms. In the absence of a satisfactory deal, the Federal Reserve has looked to offset the effects of the escalating trade war by turning dovish and hinting towards a continuation of interest rate cuts. Read More

09.03.19- How To Ride The Gold (& Silver) Bull
Adam Taggart

Tremendous gains lie ahead for those investors who don't screw this opportunity up

The prospects for further gold and silver price appreciation has rarely looked this strong.

Declining — heck, negative! — interest rates around the world. And central banks, including the all-important Federal Reserve, publicly committed to bringing them even lower going forward. Read More

09.02.19- Precious Metals Now Look
Better Than Ever: U.S. Government Debt
Surges $450 Billion In August

Steve St Angelo

Not only are the precious metals prices looking better than they have for several years, but the reasons to own them continue to improve as central banks begin to crank up their massive CREDIT CARD DEBT. In just the past month, the U.S. Treasury has increased the outstanding public debt by a whopping $450 billion.

Of course, they are making up for some lost time as they were unable to increase the debt until the Whitehouse, Senate, and Congress passed a bipartisan deal for a two-year postponement of the debt-ceiling on July 22nd.  Thus, the new agreement has kept the U.S. Government from shutting down or defaulting on its debt. Read More

08.31.19- World needs to prepare for return to gold standard as Washington disrupts financial order
Global Times

The safe-haven property of gold has fully manifested in recent weeks. Spot gold hit $1,535.11 an ounce on August 13, the highest level since 2013.

I believe the gold price could reach as high as $1,800 an ounce in the future, and in the meantime, there will be increasing discussions about the world's return to the gold standard. The global market structure has been undergoing tremendous changes these days. The US has been pulling itself out of the multilateral arena for the purposes of protecting and enhancing the value of its own market space. As a result, signs of structural adjustments in the world market have become increasingly evident, but are still far from raising the general attention of the global financial community. In fact, many people still hope that such structural adjustments won't happen, so the market can go back to the old days.
 Read More

08.30.19- Silver rally is stealing the show even as gold surges to 6-year high
Myra P. Saefong

Silver has gained more than gold in August.

Precious metals are scoring impressive gains in August, with gold poised for a fourth consecutive monthly rise, though silver is steadily outpacing the price climb of its sister metal. Both have plenty of reasons to move even higher in the weeks to come, analysts said.

“People are finally starting to believe that we are in a bull market in [precious] metals,” said James Hatzigiannis, senior strategist at Long Leaf Trading Group. “Silver is always known as a laggard to gold, and now you are seeing people getting into silver.”  Read More

08.29.19- Gold Price Forecast:
Gold Price Around Labor Day

P. Radomski

There are many techniques that investors and traders use to gain insight into gold’s future prices, and different people usually have different set of tools that they use. Some focus on moving averages, while others pay attention to Fibonacci Retracement and indicators, and some insist to apply the Elliot Wave Theory… But among all these discussions there is usually one common denominator to which everyone, or almost everyone agrees. Certain price moves happen at similar times during the year.  Read More

08.28.19- From Here, Where?
Craig Hemke

Wow, what a year this has been. Back in January, we predicted that 2019 would be the best year for the precious metals since 2010, and with four months to go, the metals look to exceed that bullish forecast. So today, let's take stock of where we are and where we're headed.

First of all, here's that post from January. Keep in mind that a precious metals rally was definitely NOT a popular opinion eight months ago. Both gold and silver were stuck in declines and ranges that stretched back to 2013, so most analysts and investors were pretty downtrodden and complacent. At TFMR? Not so much... Read More

08.27.19- Here’s a dirty secret few people know about gold
Simon Black

In 1962 in a picturesque setting in Santa Barbara, California, two local entrepreneurs opened a low-cost, roadside inn where the nightly room rate was just $6.

They called it Motel 6.

And today the chain has grown to over 1,400 locations.

If you want the most straightforward explanation for why you should own gold, consider your local Motel 6.

It’s noteworthy that, today, the very same Santa Barbara location now rents its rooms for nearly $90 per night. Read More

08.26.19- Central Banks Are Purchasing Gold at Record Highs. Why?
Nicholas Anthony

The World Gold Council reported that central banks bought a historic high of 374.1 tons of gold this year.

As reported by Dion Rabouin atAxios, an unprecedented shift toward gold has been led by the financial authorities of the world in what appears to be a move away from the US dollar.

The World Gold Council reported that central banks bought a historic high of 374.1 tons of gold this year. While this move accounts for only 16 percent of total gold demand, it offers an inside look into the minds of the central bankers.  Read More

08.24.19- Debt Orgy: Gold $2,000 – Here’s the Precise Timeline!
Tom Beck

Short-term, the dollar is ready to make a breakout here against other fiat currencies. The dynamics of the global economy are such that the Federal Reserve was the only one tightening, while the rest were easing and getting into the negative rates range. This caused a rush into the dollar and that demand, coupled with the fact that the FED was shrinking its balance sheet, caused the dollar to be the best-performing asset class in the world in 2018. It was a major anomaly. Read More

08.23.19- On The Job Training
Theodore Butler

Tuesday’s announcement by the Justice Department of a guilty plea by a long term former trader from JPMorgan for spoofing COMEX precious metal futures was the second such guilty plea since October. Both traders are cooperating in the DOJ’s ongoing investigation.

While it took way too long for the Justice Department and the CFTC to finally crack down on spoofing, I suppose it’s a case of better late than never. And there can be little doubt that the regulators have cracked down on the illegal practice, which involves the entry and immediate cancellation of large orders solely designed to manipulate prices in the short term. Read More

08.22.19- 4 compelling reasons to be thinking about gold
Simon Black

From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective.

The last few weeks has been nothing short of incredible… so many important things happening that have never happened before ever. Let’s take a step back together: Read More

08.21.19- Gold and Silver Headed Much Higher As Cartel Runs Out of Physical
Bill Murphy

View Video

08.20.19- This indicator says silver has biggest upside potential in 30 years
Joe Jarvis

Ten years ago, silver was worth $13 per ounce.

At the time, it would have been silly to make any specific predictions about what the price would go to on a specific timeline. But it was correct to acknowledge the long term,physical precious metals hold their value.

You hardly have to worry about losing value in silver, as long as you didn’t mind waiting. But one indicator in 2009 said you probably wouldn’t have to wait long. Read More

08.19.19- What The US-China Currency War Means For The Economy
Daniel Lacalle

A few months ago many of us read about the theory of “the nuclear option”…

A few months ago many of us read about the theory of “the nuclear option,” according to which China could generate a huge debt crisis in the United States and destroy the US economy if it sold its treasury holdings.

As I mentioned at the time, China can become a greater economic leader, but the Chinese yuan cannot be a global reserve currency while maintaining capital controls and exchange rate fixing. Read More

08.17.19- The History of the World is
a History of Gold

Torgny Persson

The history of gold is nearly as long as the history of human civilisation. Gold has been inextricably linked to human civilisations since at least 6000 BC. There is absolutely no way of looking at the history of the world without encountering the history of gold.

Most importantly, gold has been used as money in countless civilisations for thousands of years, facilitating trade and economic growth and acting as a store of value for accumulated wealth. Indeed, gold has been the ultimate form of money for thousands of years because it is a trusted form of money which retains its purchasing power over time. Read More

08.16.19- Silver prices with explosive upside
Alasdair Macleod

Silver prices have lagged gold prices since 2017 which has pushed the gold-to-silver ratio close to the all-time high. Silver prices are also significantly below what is predicted by our pricing model. We think that the reasons for this subdued performance are transitory and that silver will outperform gold again as the next precious metals cycle continues to unfold. Read More

08.15.19- Gold Bulls Must Love the Hong Kong Protests
Arkadiusz Sieron

The situation appears to be getting worse every week. What does it imply for the gold market?

It appears that the two steps forward, one step backwards approach of mainland China isn’t working as Hong Kong citizens are protesting again. The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in decades, and the situation appears to be getting worse every week. What does it imply for the gold market? Read More

08.14.19- The Remarkable Resiliency
Of Gold And Silver

Dave Kranzler

The price of gold continues to hold up under the enormous selling in the paper derivatives markets on the Comex and LBMA.  This morning’s price attack is a good example.

The chart below shows December paper gold in 5 minute intervals. Typically the price of gold is taken lower leading up to the a.m. London “fix,” in which the “price fix” process is characterized with heavy offerings.  Lately the price bounces after that. And of course there’s the obligatory price-smack when the Comex floor trading commences (8:20 a.m. EST).  Check that box.  Then the “hey can I tell you the good news” item hit the tape about 4 minutes after the NYSE opened. Read More

08.13.19- Silver Will Benefit From
America’s Debt Crisis

Nick Giambruno

The media hated them.

Big Business, numerous federal agencies, and politicians of all stripes hated them too.

Even Tiffany & Co., the famous jewelry company, vilified them in a full-page advertisement in The New York Times, calling them “unconscionable.”

The villains everyone loved to hate were the Hunt brothers. They were critics of the fiat money system and advocated for hard money based on commodities. Read More

08.12.19- A Currency War Will Only Weaken Growth And Strengthen Gold
Daniel Lacalle

A few months ago many of us read about the conspiracy theory of “the nuclear option”, according to which China could generate a huge debt crisis in the United States and destroy the US economy if it sold its treasury holdings.

This week we have verified that the reality is very different. China has reduced its holdings of U.S. bonds by $ 100 billion since the September 2018 highs and the result is that the U.S. treasury bond has strengthened without the need for Federal Reserve repurchases, while China has been forced to devalue the yuan when the country’s capital flight intensified (more than $40 billion in the first half, according to the IIF, registering the highest figure in ten months in June). Read More

08.10.19- Gold Price Hasn’t Been Suppressed For Decades Unless You Fail Basic Math & Logic At Same Time
Bob Moriarty

Additionally, gold is due for a price correction here…

All markets go up. All markets go down. No market ever goes straight up unless it’s the end of the world and in that case why would you care?

Gold hit bottom in early 2016. Smart money was buying then. Gradually gold rose and fell with the tide until lately when it went on a roll. All the permabulls are screeching about a new bull market but it’s been a bull market for three years and been rising since a year past. Read More

08.09.19- Is the Federal Reserve losing control of the gold price?
Paul Craig Roberts

After years of being kept in the doldrums by orchestrated short selling described on this website by Roberts and Kranzler, gold has lately moved up sharply reaching $1,510 this morning.  The gold price has continued to rise despite the continuing practice of dumping large volumes of naked contracts in the futures market.  The gold price is driven down but quickly recovers and moves on up.  I haven’t an explanation at this time for the new force that is more powerful than the short-selling that has been used to control the price of gold. Read More

08.08.19- Carlin-Type Gold Deposits: What’s Next?
TSX Media

The world’s largest gold miners are joining forces as part of a major overhaul of the global gold industry, and Nevada is at the epicenter. It’s no surprise — the state is recognized as one of the world’s top jurisdictions for gold, and the precious metal is Nevada’s most valuable export. Total gold production to date is more than 225 million ounces, from some 600 past and current gold mines. Read More

08.07.19- Position Limits On Silver
Ted Butler

They’ve gotten away with decades of depressing the price and nothing will save them should the CFTC disallow them from continuing to dominate…

The newly-installed chairman of the CFTC, Dr. Heath Tarbert, in office for only two weeks, submitted an op-ed to Fox Business News the other day, in which he laid out his goals for the agency. Dr. Tarbert comes to the agency with an impressive educational and professional background and as a Republican nominee, I had assumed he would continue in trying to lighten the regulatory burdens on the big guns in the financial industry. Instead, I came away with a very different take upon reading his opinion piece. Read More

08.06.19- There’s More to Gold’s Performance Than Meets the Eye
Birch Gold Group

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold bulls look beyond Fed as growth slows and recession fears rise, the global economy is setting the stage for gold fever, and gold’s next mission is revisiting resistance at $1,700 an ounce.

Gold Bulls Look Beyond Fed as Growth Slows and Recession Fears Rise Read More

08.05.19- German Gold in WWII
Larry LaBorde

During WWII the Germans were in need of money to buy foreign materials to conduct the war. It is estimated they stole almost 500 metric tons (around 16 million troy oz equal to $23 billion USD @ $1,450 / oz) from various governments. Most was taken from Belgium, the Netherlands, Austria and Czechoslovakia. The French gold (about 2,500 metric tons or 80 million troy oz) was saved from the Germans in a rather interesting story that I will save for later. Read More

08.03.19- Gold, the “anti-dollar”, will rise
Alex Rankine

“We are living in a brave new world,” says Irwin Stelzer in The Sunday Times. Democrats and Republicans have managed to put aside their political differences in order to raise the ceiling on America’s national debt by $320bn. It seems that platitudes about future generations and fiscal probity are a lower priority than re-election battles in 2020. The US federal budget deficit now looks set to top $1trn for the second year in a row, reports Kate Davidson in The Wall Street Journal. Yet low Treasury yields suggest that markets are “unfazed by all the red ink”. Read More

08.02.19- Short Squeeze Coming? A Preview Of The Silver Market For The Month Of August
Chris Marcus

Are we at increased risk for a short-term sell-off, or is a short squeeze coming? Here’s the outlook for silver in the month of August…

Disclaimer: This report contains strategies that could be risky for certain investors and is presented as research for further investigation. As always, you are trading and committing capital at your own risk Read More

08.01.19- Trump Fed pick’s push for gold
troubles lawmakers

Ethan Huff

Prominent economists agree that a return to a gold-linked dollar would not be better for the average American.

Decades after the U.S. abandoned its policy of tying the dollar’s value to gold, President Donald Trump’s latest pick for the Federal Reserve, Judy Shelton, wants to bring it back into style. Read More

 

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