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11.27.20- Another COMEX Price Smash
What a truly exasperating past few weeks this has been. Of course, I know that price actually peaked at $2080 over 100 days ago, but it's the past 16 days that have been the most excruciating. And now we are getting absolutely smoked this week on no new news and in spite of option expiration. What we now have is an utter liquidation of December positions—driving at times up to $5 of backwardation versus the spot price—all in the name of Covid Cures and an alleged removal of concern over a contested election. All of which is laughable, but none of that laughter can keep price above the 200-day moving average. Read More |
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11.26.20- Final Days of Sub $2000 oz
The fiat Federal Reserve note pile explosion in 2020 alone, pretty much guarantees that we are headed into a manic gold mania later this decade. US financial history has precedent for this exponentially higher gold silver price forecast targets based on outstanding M0123 piles. Read More |
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11.25.20- Biden, the Silver Bull
It may seem like an unlikely match. But there are some big reasons why Biden could become silver's best friend. The main force behind this thesis is that we can expect stimulus. A lot of stimulus. Read More |
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11.24.20- A Vaccine is Coming, Sell Your Gold and Silver!
At least that’s the consensus view among many mainstream outlets. We know this because the kneejerk reaction to Pfizer’s vaccine announcement on November 9 caused the Dow to soar 3% and gold to fall 4%, with silver crashing 6.2%. Read More |
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11.23.20- Gold Remains Best Pandemic Insurance
What is? Possibly insurance. I know it’s far from perfect, but I think it could still be the best overall option. On some level, it’s surprising that the role of insurance has gotten so little attention in this crisis. Read More |
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11.21.20- How Does Gold Perform In 2021's
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11.20.20- Gold prices aim to snap 3-session skid, but set for 2nd weekly slide in a row
Gold bulls say that fresh prospects for coronavirus relief may be offering some renewed support for buying precious metals. Read More |
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11.19.20- A Fantasy From Tomorrowland
The Federal Reserve sold another $200 billion in perpetual bonds this week. These “Perps,” as the media refers to them, have no expiration date and pay interest forever, or until recalled. Proceeds from the “Perps” sale will fund Fed-coins that are downloaded to digital wallets on government issued UBI-phones. Over 96% of adults have received UBI-phones that are loaded monthly with Fed-coin currency. The phones also track locations, movements, and spending. A second benefit is they enable contact-tracing for the COVID-19, 21, and 23 pandemics. Read More |
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11.18.20- Gold Manipulation And Gold Salvation
There are no real markets. Financial markets are a casino with wild players buying and selling paper assets as if they were chips. We just saw clear evidence of that in gold a week ago. The gold price went up $100 from $1,860 to $1,960 in 5 days and then crashed $100 in 5 hours.The alleged triggers were a Covid vaccine and a Biden victory. Read More |
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11.17.20- 75% Of All Silver Bullion Thought To Exist Is Locked-Up In ETFs & COMEX
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11.16.20- The Bogus Case Against Gold
The first two great bull markets were 1971-1980 (gold up 2,200%) and 1999-2011 (gold up 760%). After peaking in 2011, gold fell sharply from that peak to below $1,100 per ounce by 2015. Now the third great bull market is underway. It began on December 16, 2015, when gold bottomed at $1,050 per ounce at the end of the 2011-2015 bear market. Since then, gold is up significantly, but it’s small change compared to 2,200% and 760% gains in the last two bull markets. Read More |
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11.14.20- Gold And Silver Under
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11.13.20- The Monetary Logic for Gold and Silver
The reaction in financial markets to the vaccine news was contradictory: equity markets rallied strongly ignoring rapidly deteriorating fundamentals, and gold slumped on a minor recovery in the dollar’s trade weighted index. Rather than blindly accepting the reasons for outcomes put forward by the financial press we must accept that during these inflationary times that markets are not functioning efficiently. Read More |
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11.12.20- Could The Dollar Price Of Gold
During the interview featuring Schiff and Rickards, Peter said the world is ultimately going to sever its relationship with the dollar. It will go off the dollar standard and back on the gold standard. Read More |
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11.11.20- Post-Election and Pre-Vaccine
There has been a lot of news over the past week. Some of it interpreted as good for the precious metals, and some of it—incorrectly—has been interpreted as a sell signal. So today, rather than focus upon the short-term direction of price, let's instead focus upon that aforementioned Big Picture. When we do, what do we see? Read More |
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11.10.20- The Forces to Propel Gold in 2021
On the back of a more than 20% gain and having posted a new all-time high, it might seem difficult to imagine gold performing even better in 2021. Yet Forbes contributor Jeff Opdyke sees plenty of reasons why, as the case for another outperforming year for the metal appears made. As Opdyke notes, gold could still capture attention with a sudden surge over the next few months if the elections in the U.S. don’t go smoothly, as some are worrying. Read More |
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11.09.20- The DOJ/CFTC/JPMorgan Settlement
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11.07.20- “Gold is Money, Everything Else Is Credit” – J.P. Morgan
By now it is probably obvious, even to the most naive of mainstream narrative followers, that we are well past the point of no return on many fronts. Politics, on a national and global level, are never getting back to “normal”, the economy is already knee-deep in a severe recession, while social frictions and public discontent with governments, institutions and all kinds of rulers and central planners is on a sharp and dangerous trajectory. Read More |
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11.06.20- On Election Rhetoric And Reality: Candidates Never Tell The Truth, Gold Does
Clearly neither of them wanted to tell the voters that he will take over the running of a totally bankrupt country that is likely to collapse economically, financially and morally in the next four years. At the end of this article I have set out what would have been the winning election manifesto. Read More |
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11.05.20- Where Will Gold Go After The Elections?
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11.04.20- If Comex Falls,
Dear Friend of GATA and Gold: International monetary metals consultant Corey Keller, interviewed today by Bullion Star’s Ronan Manly, suggests that the New York Commodities Exchange is the vulnerable spot of the bullion bank business. Read More |
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11.03.20- Here’s Who Wins the November Election
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11.02.20- 2020 Is 82% Finished
The Banks will fight every uptick in the final days in order to keep gold from finishing the quarter and the year with a price that begins with a “2”… That the year is five-sixths complete is reason alone to celebrate. Even if you don’t usually party on New Year’s Eve, I bet you will this year! Read More |
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10.31.20- The Golden Solution
This year’s budget deficit is projected at $3.3 trillion, over three times last year’s estimate. The coronavirus is responsible, and the number should be an outlier. But annual deficits will be at the trillion dollar level for the foreseeable future. Basically, the United States is going broke. Read More |
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10.30.20- Liftoff and Collapse
But wait, it won’t happen just yet. Because before that the world will experience a LIFTOFF in markets of gigantic proportions. This will be the grand finale of this financial era. It will involve inflationary liquidity injections of proportions never seen before in history and lead to a massive explosion in many asset markets. Read More |
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10.29.20- Gold Will Be the Real Election Winner
If you’re like me, you’re not betting on either one. Government spending is already out of control. Replacing Trump, the self-proclaimed “King of Debt,” with Biden, a 47-year career politician, is unlikely to improve matters. Whoever wins, we lose. Read More |
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10.28.20- And Now, for Something Entirely Different: The Politics of Cultural Despair
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10.27.20- Something Bad Is About To Happen
As an example, whereas many may have viewed the unforeseeable Coronavirus as being the black swan that caused the “surprise” market decline we experienced in March of 2020, the decline in March of 2020 was quite foreseeable well before it happened. Read More |
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10.26.20- Silver Could Explode Within Weeks
In an extreme social or infrastructure breakdown — where banks, ATMs and store scanners are offline — silver coins might be the only way to buy groceries for your family. This is one of many reasons why sales of silver coins and bullion are set to skyrocket. Read More |
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10.24.20- Gold And Crypto: Is This How Charts Look Before A Monetary Collapse?
The gold, silver and cryptocurrencies charts are showing signs of going parabolic. The US dollar is close to confirming a massive breakdown. Gold, silver and cryptocurrencies all provide “crisis value” by simply being an acceptable debt-based-fiat alternative. It is only later in this crisis that we will see a divergence between cryptocurrency and precious metals. Read More |
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10.23.20- "Money Is Gold, And Nothing Else!"
Following the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject of Wall Street manipulations and what was then called the “money trust” or banking monopoly of J. P. Morgan & Co. Read More |
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10.22.20- If You Can't Beat 'Em, Join 'Em
That's the question, of course. Banks like Goldman Sachs have earned a reputation for leading their clients into taking the opposite side of whichever trade the firm prefers. If you've forgotten the origin of this story, here's a link from 2012: Read More |
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10.21.20- New Gold Standard: Orderly or Chaotic?
Sure enough, 31 years after the end of the classical gold standard, in 1945, a new monetary system emerged at Bretton Woods. The dollar was officially designated the world’s leading reserve currency — a position that it still holds today. Read More |
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10.10.20- How To Ride This Precious Metals Bull Market To The Top
This article is for investors who already own a gold/silver mining stock and are considering adding more. Or perhaps a savvy investor who is comfortable with risk tolerance and has a general understanding of the gold/silver mining sector. Gold/Silver Bull Market We are currently in a gold and silver bull market. The gold bull market began in July 2019 (see chart below). We reached an ATH (all-time high) of $2079 on August 3rd, 2020, and have been consolidating for about a month now. The next move could go either way in the near term, but if the bull market remains, then we should go much higher. Read More |
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19.19.20- Maldistribution of Wealth & Silver - Investment of the Decade
“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills, or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.” – Thomas Jefferson. (1743-1826). Read More |
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10.17.20- Gold Will Go on to Rise – No Matter Who’s President
And no matter your political views, the outcome is sure to cause volatility in the markets. We’re already seeing a spike in the CBOE Volatility Index (or VIX), Wall Street’s “fear gauge.” Since the beginning of the year, VIX is up 91%. But you shouldn’t get caught up in the noise. Read More |
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10.16.20- Goldman Sachs:
I have been warning about a dollar collapse and now the mainstream is even getting bearish on the dollar. Read More |
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10.14.20- Silver: Like Gold, Only On Steroids
We’re still in the early innings of a precious metals bull market. And if you’re wondering whether you need to own some silver, my answer is categorically yes. It’s only a matter of degree. Read More |
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10.13.20- Precious Metals to Rally Hard After Election, Even More So if Joe Biden Wins
Despite massive gains last month, many investors are still waiting to jump on board with gold Read More |
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10.12.20- The Good News Keeps Coming
At the end of August 2020, the Fed has modified its Statement on Longer-Run Goals and Monetary Policy Strategy – for the first time since its creation in 2012. As a reminder, the Fed will now target not merely a 2 percent rate of inflation, but an average inflation rate of 2 percent, which allows overshooting after the periods of undershooting. So, the Fed will try to compensate for periods of low inflation with periods of high inflation. Hence, on average , we will see a more accessible monetary policy and higher inflation - Good news for the gold bulls. Read More |
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10.10.20- Is Gold Cheap At $2000 An Ounce?
Many commentators have pointed out the similarities between what is happening today and what occurred during the stagflationary seventies (1971–1981) and the Great Depression of the thirties (1929–1946). But what we will experience is a combination of the two. Read More |
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10.09.20- Buy Gold And Silver Coins Instead Of Lottery Tickets And Turn The Tables
I recently learned more about something that happened 149 years ago and it has everything to do with what our country is facing today. For 149 years Americans have been living within a great hypothecation, that is, a collateralization. The entire United States was offered up as an asset to pay off debts incurred after the Civil War in case the US was not able to pay back its lenders. The U.S. citizenry has not “owned” its own country since then. Read More |
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10.08.20- Gold Stocks Are Cheap, But Not for Long
It’s not too late for you to buy gold and gold stocks on the cheap. If you haven’t already, you may want to seriously consider it. That move might set you up for a run over the next few years that could turn into your single best investment…ever. Read More |
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10.07.20- Egon von Greyerz - Insoluble Debt, Hyperinflation & $600 Silver
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10.06.20- Long Term Cycles Suggest a Pending Stock Reversion, Explosion Higher in Gold
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10.05.20- Mainstream Investors About To Pile Into Gold
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10.03.20- Gold Is Still the Best Disaster Insurance You Can Buy
Regular readers know that Bill is a longtime goldbug. He and Dan Denning, his colleague over at The Bonner-Denning Letter, recommend allocating a sizable portion of your portfolio to the yellow metal. And this year has seen plenty of action in the gold market. Following a 12% drop in the gold price in just nine days in March, gold went on to break its previous all-time high in August. It’s now 32% above its pre-crash level. Read More |
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10.02.20- It’s getting harder for big investors
We like gold here at MoneyWeek. Not just during the bull runs (though we do prefer them) – we’ve always seen gold as a useful diversifier for your portfolio. It’s unusual in being an asset that goes up, or at least holds its value when bad things happen, and most other assets go down.Read More |
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10.01.20- Finally. Proof that precious metals prices have been manipulated…
But when Hieron was presented with the crown, it didn’t feel quite right. The King suspected that the smith had put some of the gold in his pocket, and instead fashioned most of the crown out of lesser metals. But this was just a suspicion. He needed proof. Read More |
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09.30.20- Bullion Bank Criminal Corruption
What you first need to know is that Bullion Bank price manipulation in the precious metals has been going on for decades. And don't think for a second that a few fines and convictions will suddenly bring all of this to an end. There's too much easy money involved for a Banker to simply walk away. Read More |
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09.29.20- Why Energy Will Drive Precious Metals Prices To New Highs
Prices for gold and silver have seen major increases this year, and interest in these precious metals is rising in tandem as both new and experienced investors rush to the space. Read More |
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09.28.20- A Tale of Two Revolutions
As an unintended consequence of Czar Alexander's generosity, his action prompted millions of ex-serfs to leave the isolation of the Russian vastness and move to the cities, where they became a rootless proletariat. Read More |
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09.26.20- Dark Years & Forth Turning
In July 2009 I wrote an article called The Dark Years Are Here. It was reprinted again in September 2018. Here is an extract from my original article: Read More |
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09.25.20- All Money is a Matter of Belief
Adam Smith said, “All money is a matter of belief.” When the world loses faith, the currency becomes worthless paper. I’m concerned about Fed Chairman Jerome Powell’s recent announcement about targeting inflation: Read More |
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09.24.20- Here We Go Again: Precious Metals Edition
In other words, the S&P 500 drops by 18% in two weeks and that is deemed enough to force the Fed to fire up the printing press. Read More |
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09.23.20- Currency Creation vs. Bullion Production: The Overwhelming Reason
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09.22.20- “Panicking” Central Banks to Power Gold Higher
Institutional demand will power gold prices as central banks panic As Egon von Greyerz notes via ZeroHedge, uncertainty has been the theme across the board this year, and it is unlikely to dissipate any time soon. von Greyerz believes that the uncertainty is tied to the end of a cycle, and while the full timeline of the cycle isn’t entirely clear, its social and economic aspects are directly tied to the abolishment of the gold standard in 1971. Read More |
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09.21.20- And Now, for Something Entirely Different: Masks are for Sheep
That took him off guard. Well, he probably still gets more visitors than we do but we have by far the best investors. And the most knowledgeable. One of them is a world famous designer of masks. He sent me something about masks and he is an expert. Read More |
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09.19.20- 3 Reasons Silver Bulls Could Soon Be Handsomely Rewarded
They also say good things come to those who wait. I believe those good things will be coming…in spades. Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half that level. But that's all about to change. Read More |
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09.18.20- What’s the Price of Gold? It Depends.
In most cases, the different gold markets are close enough that the minor differences are insignificant. TV news anchors just want to know if the price is in a major trend, up or down (up). Old Uncle Ernie could be reminiscing about the bull market of the 1970s and comparing the price back then to the price today (spoiler: it’s higher today). Read More |
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09.17.20- Americans Face Gut-Wrenching Retirement Decisions
Many of those unfortunate folks have had to turn to other sources of money to make ends meet, such as raiding their 401(k) or IRA accounts. In fact, a recent survey reveals that 30% of respondents have already turned to their retirement plans. Another 19% plan on doing so, but haven't yet. Read More |
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09.16.20- COMEX Delivery Update
As most precious metals investors know, physical "delivery" from the COMEX futures exchange has always been a sort of illusion designed to maintain some semblance of legitimacy for the pricing scheme utilized there. If no metal is ever delivered at the price discovered through derivative trading, then how can that price be considered acceptable?Read More |
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09.15.20- A Powerful Ally to the Fed Just Boosted the Prospects for Inflation
If one believes that central bank policies are a primary driver of gold prices, the yellow metal should have plenty of room to go up even as it sits above its previous all-time high. Besides the Federal Reserve’s openness to inflation, gold should be buoyed by a surge of the euro and the European Central Bank’s (ECB) efforts to contain it.Read More |
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09.14.20- The Next Two Months Could Be Catastrophic In American History
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09.12.20- Gold Price Forecast: The Next Bubble Will Be In Gold
Below are the three ingredients often associated with bubbles. Read More |
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09.11.20- Special Report: 9/11... A Time For Truth
(Editor's Note: In the days leading up to the tenth anniversary of the bringing down of the twin towers in NYC, "the Bear" will feature an article each day which will, hopefully shed some light and bring some insight into the truth of 9/11. I realize that this is a "touchy" subject. I expect to receive many emails from readers whose "comfort zones" have been violated. But now, after ten years, 36% of Americans believe 9/11 was an inside job. In the same poll, only 28% of the people even knew that a third building (building seven) fell. Building seven is the "canary in the coal mine". One cannot watch the collapse of building seven without realizing, beyond any shadow of a doubt, that its collapse was a result of "controlled demolition". The fact that the planning and preparation required to "pull" a skyscraper (or three) takes several months (more if its occupied) and the odds of building seven being brought down on 9/11 without prior knowledge of the planned destruction of the twin towers is preposterous, and it's a fact that has been conveniently overlooked by the bulk of the sheeple. It's one thing to be born stupid. It's an unfortunate result of being genetically challenged. It's another thing, entirely, to be "conveniently stupid" or stupid on purpose (SOP). Being stupid on purpose is a devolutionary act. It is the antithesis of "survival of the fittest". It is an act that merits a Darwin Award and it is the result of being effectively "dumbed down" for generations. It's an affliction that, as a result of the dumbing down, is running rampant in our country today. Until the sheeple wake up, and the perps of the 9/11 attack on America are routed out, and exposed to the light of day, the future of America will remain on extremely shaky ground. Neither you nor your kids will have a happy, secure future so long as you allow madmen to run the world. - JSB) Read More |
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09.10.20- Cheap at $2000 an ounce
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09.09.20- Here Come the Institutional Investors—How This Shift Could Overwhelm the Gold Industry
It blew up my phone. It was after market hours on Friday, August 14 when the news broke that Berkshire Hathaway’s 13F showed it had purchased 20.9 million shares of Barrick Gold. Read More |
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09.08.20- Another Big Month For The Silver Price?
I discussed this in my newest YouTube video update, Another Big Month For The Silver Price? In the video, I explain some of the forces that will impact the silver price in September Read More |
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09.07.20- Gold's Season To Be Jolly...Or Folly?
'Tis Gold's season to be jolly. Or better stated, 'twasGold's season to be jolly, that to expect same today may well be folly.
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09.05.20- Why Silver Is A Better Investment Over Gold… 8 Billion Reasons
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09.04.20- Pension Funds Join the Gold Party - Things Are About to Get Interesting
But with interest rates near zero globally, we’re seeing signs that this is changing rapidly. The latest such news was first brought to our attention by our investor, Gold Bullion International, who services institutions like these: the Ohio Police and Fire Pension fund announced it will allocate 5% of its assets to gold. Read More |
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09.03.20- Fed Dials-Up Inflation Target: Make No Mistake…Higher Gold Prices Are Coming
Make no mistake, higher gold prices are coming. By pulling yet another arrow from its quiver, the Fed’s just helped move us closer that target. The Fed wants inflation, so it’s going to get it. Problem is, we the people, will have to live with it. Read More |
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09.02.20- Investors are pouring record amounts into Wall Street’s new favorite ‘safe haven’
But it's the less lustrous silver that's having a moment. Silver prices have climbed roughly 60% since the start of 2020 and closed at more than $28 per ounce on Monday, with the metal trading at levels not seen in more than seven years. Read More |
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09.01.20- Outlaw Gold Mining? Imperialists And Totalitarians Would Love That
Dear Friend of GATA and Gold: Because of gold mining’s environmental costs, financial writer JP Koning mused the other day, outlawing it “makes a lot of sense,” at least “in theory.” Read More |
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08.31.20- Silver is the Better Investment: Massive Financial Bubbles Everywhere
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08.29.20- Why A Rally In Gold
Moving past the upcoming Bank of International Settlements options expiry, the stage is set for a rally in the price of gold, explains Andrew Maguire. Why is options expiry important? According to Andrew Maguire, the Bank of International Settlements (BIS) are aggressively weighing on gold ahead of the upcoming BIS options expiry. Read More |
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08.28.20- Look for Platinum to Rally
Platinum may be setting up in a technical pattern that is similar to the end of 2001/early 2002. At that time, Gold had already begun to rally above $340 and Platinum had rallied to levels above $600. Read More |
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08.27.20- The Silver Market Is Manipulated
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08.26.20- This Analyst Says Gold’s Pullback is Proof that Higher Prices Are to Come
Standard Chartered: Gold has more to show this year despite hitting a new all-time high Read More |
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08,25,20- The Silver and Gold Dam Breaketh
Gold rocketed without pause to $2,070. Silver, though still well below record nominal dollar highs, sliced through $26, which was supposed to be a lid on prices until next year. A litany of "price pullers" we've long discussed in our essays – government deficit spending, lagging metals' production vs. exploding demand, and an almost complete absence of big discoveries have all played a part. Read More |
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08.24.20- Gold Debate:
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08.22.20- Why Martians Are Wrong About Gold
That is, the business is idiotic… pointless… and wasteful. At first blush, our space man is justly puzzled. Why would humans shovel up hunks of metal — only to lock them away, idle? Yet the martian — and the Nebraskan — jump past a fundamental truth of human nature. Read More |
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08.21.20- The Covid-19 Scare And Gold: A Bargain At These Prices To Protect Against The Destruction Of The Currencies And The Financial System
Is Covid the most perfect distraction that could have hit the world? The timing couldn’t have been more perfect for the European and American economies. We know that there were major problems in the financial system back in August-September 2019 when both the ECB and the Fed declared that they would do what it takes. And since then we have seen massive injections of liquidity in the form of QE and Repos. Read More |
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08.20.20- $10,000 Gold - Or A Triple Top?
GOLD IS NOT AN INVESTMENT Gold, itself, is not an investment. Gold is real money and the original measure of value for everything else. Read More |
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08.18.20- Gold, Silver And Mining Stocks Smell The Demise Of The Dollar
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08.18.20- Silver Price Rockets To Multi-Year Highs, Targets $169
After nearly 7 years of consolidation and mostly sideways trading, the silver price is finally experiencing a powerful breakout. It did not take long after breaking above the psychologically-important $20 level for silver to climb another nearly 50% toward $30 per ounce. Read More |
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08.17.20- Gold’s Pullback May Be Expected “Breather” Before Next Push Higher
After a meteoric rise over the past few months, this pullback was not only expected, but may be the beginning of an opportunity to “buy the dip.” In fact, this pullback could represent the last time you see gold below $2,000. Read More |
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08.15.20- Did Buffett Just Bet Against The US? Berkshire Buys Barrick Gold, Dumps Goldman
Berkshire Hathaway's latest 13F just dropped and contained inside is a signal that none other than the Oracle Of Omaha appears to now be quietly betting against The United States. Why? Because for years - in fact for as long we can remember - Warren Buffet has denigrated gold: In a speech delivered at Harvard in 1998, Buffett said: Read More |
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08.14.20- This Is NOT 2011!
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08.13.20- Silver Purchasing Power or Perverse Incentives?
So we wrote yet another article, showing that the fundamentals are keeping up, even though the price was rising (the hallmark of the last decade has been that rising abundance occurs with rising price—price brings more metal out of private hoards). Read More |
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08.12.20- Junior Gold Miners Are Going Vertical
We’re all speculators now. The difference is that some of us know it. If you have the courage, in this short essay, I’ll show you how to play to win. Last week, gold hit a new all-time high of $2,070 an ounce. This explosive move higher caught a lot of folks in the mainstream media off guard. But it shouldn’t come as a surprise to longtime Dispatch readers. Read More |
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08.11.20- Gold To Surpass $3,000: VanEck
The price could easily rally by 70% to $3,400 a troy ounce compared to recent prices of $1,994. Gold tends to perform well during times of economic uncertainty including when inflation jumps and when there is deflation, or a general fall in the price level of goods or services. Read More |
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08.10.20- Don’t Forget the Silver Users
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08.08.20- The Dawn of Gold
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08.07.20- The Nightmare Scenario For The World
Many found this statement puzzling as another Goldman department previously has told clients not to sell anything gold. The CIO went on to say: “Our view is that gold is only appropriate if you have a very strong view that the US dollar is going to be rebased. We don’t have that view.” Read More |
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08.06.20- The Dollar’s Ongoing Fall From Grace Will Soon Catapult Precious Metals to Even Greater Heights
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08.05.20- WE HAVEN’T SEEN ANYTHING YET: The Coming Tiny Silver Market Explosion
Unfortunately, the glitz, glamor, and allure of Technology will only last as long as the world is capable of supplying lots of cheap and available oil. Technology doesn’t really solve problems; it just consumes one hell of a lot more energy with the illusion of a FIX. Tesla isn’t solving our problem with fossil fuel addiction. Read More |
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08.04.20- Gold Price Taps $2000
Gold's having tapped Two Thousand is price's most major milestone in history. 'Tis as well a major milestone for The Gold Update. Recall this brief commitment from our 200th Edition as penned a-way back on 14 September 2013: Read More |
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08.03.20- GOLD: The Absolutely Essential Investment In A Warped System With Fake Money, False Markets
The global financial system has for half a century undergone an act of contortion that few believed was possible. This has led to a warped system with fake money and false markets. Read More |
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08.01.20- Gold Prices See Best Month In 8 Years
Spot gold rose 11% for the month of July, heading for its biggest monthly gain in over eight years, driven by a declining US dollar and real yields. By 11:15 a.m. EDT, the spot price was up 1.0% to $1,974.40 per ounce, near an all-time high. Read Mor |
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07.31.20- “Dollar Debasement” Driving Gold’s Record Rise, Says Goldman Sachs
Back in 2002, the U.S. dollar index (DXY) peaked at 118.85, before crashing over the next 6 years to 72.23 in 2008. It struggled to regain any semblance of its former dominance until March of 2015. Read More |
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08.30.20- Is This “Peak Gold”?
You have to wonder: Who are these forecasters? Where have they been? Do they have any idea what is going on? Gold has its nose in the air. Like a deer in a dry forest, it smells the smoke. It knows it’s time to get out of town. Read More |
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07.29.20- Gold Price Forecast:
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07.28.20- Forget $1,911 – Gold Soars Towards $2,000 (And Silver Climbs Even Faster)
Forget $1,911, as $2,000 seems to be the next target for gold Analysts who were hesitant to commit to an overly bullish forecast for gold a week or two ago might have been taken aback as gold has smashed through its prior record, set in 2011. Read More |
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07.27.20- Big Change in Silver: New Bull Market
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07.25.20- Gold Versus The Financial System's "Hubristic Swindle"
Hubris is a serious sin that seldom goes unpunished. The arrogance and uber-confidence which TPTB (the powers that be) have displayed in leading the world to ruin will clearly be severely punished. But sadly the punishment will affect the whole world and not just the Elite that caused it. Read More |
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07.24.20- The Nature of Money
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 |
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07.23.20- About That Silver Price Spike…Was It The Buying Of Physical Metal
The price of silver has just spiked up about $2.00—that’s about 10%. All the usual suspects have been calling for silver to skyrocket. With some amusement, we have been watching ads from a guy known for savvy junior mining stock investments, who has been calling for gold to go up for a while. And recently, silver. Read More |
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07.22.20- No Surprise: SILVER Is One Of THE BEST PERFORMING Assets In World
Sovereign Man is a little over 11 years old. And when we started this business, silver was worth $13 per ounce at the time. My philosophy then, just like today, is that precious metals hold their value over the long-term. Read More |
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07.21.20- Silver Demand Exploding!
While silver prices are fairly-widely followed, the data revealing the underlying fundamentals driving this metal is sparse. The best silver global supply-and-demand data is only published once a year by the venerable Silver Institute in its World Silver Surveys. Read More |
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07.20.20- Will China Clean Up the Criminal Gold Futures Markets?
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07.18.20- Summertime Sizzle for Gold and Silver
In early July, gold and silver each broke out to fresh multi-year highs. The yellow metal is within striking distance of new all-time highs and the headline worthy figure of $2,000/oz. The white metal, meanwhile, has a lot of catching up to do. And as it does, the gains in percentage terms could be explosive. Silver has already packed on 60% since its March panic-selling low. Importantly, it has shown leadership by narrowing its ,historically large discount to the gold price. Read More |
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07.17.20- Shocking Data: If You Listen to One Silver Interview in 2020, It Shuld Be This One
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07.16.20- Will Silver Reach $21
Now that the silver price has broken through the important $18.50 level, will it reach $21 during this current rally? Silver was up 70 cents for the day (Monday). However, after Dallas, Fed President Kaplan announced today that the “Emergency Facilities” used to support the economy might be pulled back, the markets sold off from their highs. Read More |
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07.15.20- The One Thing that Can (Temporarily) Derail Gold’s Bull Market
That’s the case now with gold as it approaches its all-time U.S. dollar high. So let’s consider what might derail the metal’s latest – and potentially greatest – bull market. Read More |
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07.14.20- Analysts Agree: Gold to Leave Stocks
Unlike stocks, gold has every reason to continue rising According to various analysts and experts, gold is the safest long bet one can make right now. This notion is supported by the metal having climbed alongside stocks even prior to the pandemic, showing that investors had plenty of questions about the long-running and overblown equity market. Read More |
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07.13.20- The Silver Pressure Cooker
It’s quite different in silver, since prices are barely changed on a year-to-date basis and current prices are still close to 65% below the highs registered, both 40 years ago and again 9 years ago. Nothing could demonstrate the malfunctioning of silver’s price relief valve relative to gold than the recent 5000 year undervaluation of silver to gold. Read More |
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07.11.20- Silver's Silver Lining:
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07.10.20- The new deal is a bad old deal
When the scale of the banking crisis is known the scale of monetary inflation involved will become more obvious. But in the politics of it, Trump is being set up as the equivalent of Herbert Hoover, and presumably Joe Biden, if he is well advised, will soon campaign as a latter-day Roosevelt. In Britain, Boris Johnson has already called for a modern “new deal”, and in his “Hundred Days” his Chancellor is delivering it. Read More |
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07.09.20- A potential crisis in Comex gold
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07.08.20- How to Squash this Stealthy Attack On Your Wealth
What is money? The whole point of money is suppose to be the provision of a convenient and liquid medium that can be exchanged for less liquid value. It is a go between. One strives to accumulate money so it can be exchanged for something else. Read More |
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07.07.20- We Are In Never Neverland
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07.06.20- What Went Wrong In 1971
The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window (foreigners couldn’t redeem dollars for gold at the Treasury anymore). From 1945 until 1971, the U.S. dollar was backed by gold, and served as the world reserve currency under a system called Bretton Woods. Read More |
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07.04.20- Market Update: Gold Hits $1800 –
Gold just had one of its best-performing quarters ever As we committed to last week, this week’s video focuses on the precious metals and the exceptional performance gold is exhibiting right now after many years of disappointing returns. Year-to-Date, it’s hard to find an asset class that has performed better than gold and gold mining stocks: Read More |
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07.03.20- World’s Two Largest Silver Producers Mine Supply Cut Drastically In April
According to Mexico’s INEGI, silver output in April fell to 301 metric tons (mt) compared to 500 mt in March. This turned out to be a 40% decline, less than my forecast of 60-70% loss in production. Read More |
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07.01.20- The
Patriotic and Moral Imperative for Owning Gold and Silver
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. When we recite those seemingly patriotic words, what are we really pledging our allegiance to? To the flag? To the United States? To the Republic for which it stands? Read More |
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06.30.20- Outlook for Gold “Hasn’t Looked This Good in a While”, Says Bank of America Strategist
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06.29.20- Stagflation Is Paradise
The creators of Medicare, Social Security, and other long-term spending programs had a handle on demographics – or at least on the political realities of the time – so they structured those programs to initially take in more money than they needed in order to build up “trust funds” to cover the eventual retirement of the massive Baby Boomer generation. Read More |
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06.27.20- A Can Too Big For
There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments. If you want to understand the future, don’t spend your life preparing and constantly revising an Excel sheet with masses of economic data. Collective human behaviour is extremely predictable. But not by spreadsheet analysis but by studying history. Read More |
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06.26.20- The Final Chapter
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06.25.20- Silver is the Better Bargain Right Now
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06.24.20- The Money Printing Road To Perdition
The chart above plots the NY Fed’s weekly index of economic activity (red line) vs. the Bloomberg U.S. financial conditions index, which attempts to measure the relative strength of the bond, equity and money markets (white line). With the amount of money the Fed has injected into the financial system, it’s no surprise that the financial conditions index is soaring. However, as I’ve suggested in recent issues, this money is having little, if any, effect on real economic activity. Read More |
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06.23.20- Peru Silver Mine Supply
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06.22.20- History of world currencies vs gold
The British Pound lost 99.63% and the US dollar 98.64%. Even worse, for the Japanese Yen and the French Franc. The German currency lost its value completely twice and is about to go for a third time ! The German Mark called the Goldmark (backed by gold) was introduced in 1873. With the outbreak of World War I, the Mark was taken off the gold standard and became the Papiermark and briefly the Rentenmark in 1923. Read More |
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06.20.20- Fact, Fiction And Fraud At The Comex
The alleged gold flow into the Comex and amount of gold for which contract longs are taking “delivery” is at a historical extreme. I use “delivery” because “taking delivery” means being assigned an electronic warrant that records ownership transfer of a Comex registered bar presumably (but not guaranteed) to be sitting in a Comex-approved vault. It does not mean that the party taking delivery takes possession of a physical bar. Read More |
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06.19.20- Major Investment Factor: 5 Billion Ounces Of Silver Mine Supply
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06.18.20- Metals Nearing Critical Momentum for New Paraboic Rally
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06.17.20- And Now, for Something Entirely Different: The System Is Rigged: Qualified Immunity Is How the Police State Stays in Power
The system is rigged, the government is corrupt, and “we the people” continue to waste our strength by fighting each other rather than standing against the tyrant in our midst. Because the system is rigged, because the government is corrupt, and because “we the people” remain polarized and divided, the police state will keep winning and “we the people” will keep losing. Read More |
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06.16.20- Bullion Bank Retreat Puts Floor Under Silver And Gold Prices
The bullion banks – notorious for their concentrated short positions – might have made a killing. But that isn’t what happened. Some of the most prominent players took massive losses instead. Read More |
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06.15.20- Rare Earths Show Signs of
These opportunities are perfectly suited for the average investor, because they’re cheap enough to put your money in… they’re often overlooked by Wall Street… and they are so small that it could take just a little good news to send them soaring. Read More |
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06.13.20- The Potential Looming Catalyst for Silver No One Sees Coming
But there’s another potential catalyst that is so immense, so market-altering, that it would overwhelm the silver market and profoundly change its structure for a generation or more. Not just something that would send the price soaring, but reshape the supply/demand balance and even change the way people view it. Read More |
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06.12.20- Falling Supply & Surging Physical Investment, We Could See Some
As I have stated over-and-over again, the coming ENERGY CLIFF is going to change the world as we know it. Read More |
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06.11.20- Cyberfraud Lawsuit Reveals Dangerous Threat to IRAs, 401(k)s
Data breaches, compromised email accounts, ransomware, and phishing are a few of the many ways you could have part or all of your retirement disappear in the blink of an eye. According to the FBI, "Internet crime schemes steal millions of dollars each year from victims and continue to plague the Internet through various methods." Read More |
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06.10.20- Chaotic Price Swings Will Be Engineered To Shake Off Gold Investors
Dear Friend of GATA and Gold: A European friend well known to us who prefers not to fall under even more surveillance in his own country sends the observations below, for which your secretary/treasurer will take the responsibility of sharing with you. Read More |
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06.09.20- The “Great Unlock” Does Not Change
The return to normal might seem rapid, but the economic rebound could be anything but Read More |
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06.08.20- Silver Will Explode and Fake Money Collapse Like in Third Century
Deficits, debts, excessive military spending, debasement of currency, breakdown of trade, plague, revolts, wars, and hyperinflation. This is exactly what happened in the Crisis of the 3rdcentury and right now the world is facing the same disasters. Read More |
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06.06.20- You May Never See “Normal” Again
Other than that, everything’s fine. People often ask me when things will “get back to normal.” Well, the answer could be never (or at least not for a long time). Germany was not “normal” from 1914–54, for example. Social disorder is like a virus; it goes away eventually but not necessarily soon. Read More |
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06.05.20- Why Gold?
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06.04.20- Return to gold standard
Gold is too expensive right now Read More |
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06.03.20- Maxime Bernier Becomes First Major Western Political Leader to Call for a Gold Standard
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06.02.20- Does Enough Physical Silver Exist In The World To Make Delivery Plausible To Close Out The Big COMEX Short Positions?
One wants to be careful about seeing things as previously predicted, but not so careful so as to not recognize when things seem to be playing out exactly as expected. Recent news stories and events seem to be in accord with a number of my central themes, but I’ll present the case as I see it and let you decide. Read More |
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06.01.20- Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices
Silver futures on Friday posted a gain of nearly 24% for the month, the largest since 2011, with the industrial metal finding support as global economies continue to reopen from pandemic-related shutdowns. Gold futures, meanwhile, rose for Friday’s session buoyed by U.S.-China tensions and global monetary stimulus measures. Read More |
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It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin. At least, that's what The Banks hope you do.
The US election has finally taken place. During the campaign, both candidates have totally avoided the critical issue that will bring the US down in the next four years. The election campaign has been ugly but totally avoided the monumental problem facing the American people.
Regardless of the tumultuous year that we’ve had so far, Election Day remains the most significant event of the year and what every precious metal trader was waiting for. Given the election’s controversial nature, and all the other risks and uncertainties associated with it, I can definitely say that everyone in the precious metals market is querulous, waiting for the results and what’s going to happen afterwards. 
Cantankerous, divisive, even violent—choose your adjective, but the upcoming US election is on a level we haven’t seen in a long time. Even on my own street there are strong feelings on both sides, and a third side that is simply trying to stay out of the line of fire.
Right now, the United States is officially $27 trillion in debt. Nearly $7 trillion was added since President Trump took office.
Get ready for the biggest collapse in the history of mankind. It will be devastating and reach all parts of society, economic, financial, political & social.
The Republican and Democratic candidates for president may be the most flawed in U.S. history. And yet one of these two men—God help us—will be sworn in this January.
Princeton, New Jersey (
It is the the massive debt. It cannot be serviced. It will collapse the whole system.
This is not the first time I’ve relayed this information. But these days I believe it’s more important than ever to remind readers of its significance, especially in light of the unprecedented credit creation the Fed’s been conducting since March. 
Intended Audience
Silver DRAMATICALLY outpaces other assets, this year included, and including gold…
As I will explain, what lies ahead is a disorderly change in the world’s monetary system and one that will eventually bring back gold as the lynchpin around which world commerce functions. For more than 100 years, gold was viewed as a barbaric relic—but we will see gold rise like a phoenix from the ashes of the US dollar and other fiat currencies.
In an ephemeral world, few things survive. I am not talking about species or human beings whose existence on earth is also transitory. Instead I am referring to social and financial systems which are now coming to an end.
Anyone remember when our money was backed by gold? Top of the dollar bill said “Silver certificate”? Today our bills say, “Federal Reserve Note”; called fiat currency. Fiat currency is government IOU’s (political promises). The value of fiat money is based on supply, demand and faith in the issuing government.
The 
If you’re anything like me, reading about how much the Fed andother central bankers are grossly diluting their currency baffles you, angers you, and maybe even offends you. It’s maddening—and yet that’s the world we live in at this point in history.
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Institutions will be the drivers of gold demand, Ray Dalio issues warning about the greenback, and silver believers could soon be rewarded.
Many years ago before I got too old and too lazy to go to gold shows, one of the other fellows running a gold site came up to me grinning as he told me his site had just started to exceed 321gold in hits. That was his goal. He wanted more visitors than what we got. I asked him why I should give a damn. We didn’t want tons of visitors. We wanted serious investors.
In Energy & Gold’s latest conversation with 
In the past few days, the price of gold has had a setback, dropping fromits fresh all-time highs to back below $2,000.
I have been telling readers to put savings into gold and silver for well over 14 years now, and in that time, precious metals have had spectacular rallies as well as intense corrections. Weak hands have been selling and strong hands have been buying and holding for some time now. We have done this with the expectation of something far more than just a parabolic event; some of us have been predicting an economic crisis the likes of which have not been seen in almost a century. 
Zeus punished the hubristic King Sisyphus to roll a huge boulder up a very steep hill in Hades. Before Sisyphus reached the top, the stone rolled down and he had to start all over again.
In this article, I will explore how gold will figure into the future global currency system after the global financial system implodes at some point within the next couple of years, perhaps sooner than later, especially since it just likely missed a complete meltdown this past March, which I’ve already spoken 
I
pledge allegiance to the flag...
Investors dumped paper gold and silver along with stocks, commodities, and most other asset classes in March. The price of silver dropped to $12.02/oz on March 18th and gold bottomed at $1,473/oz.
