Evidence is mounting that the Deep State (DS) is starting to lose the dirtiest financial war in history: their War on Gold. More deeply, it is a war against something the Deep State profoundly loathes: personal financial liberty. The War on Gold, which has raged for...
Gold Editorials & Commentary
May 8, 2017
The gold bugs and gold experts must be going through hell; almost seven years later and the gold markets refuse to follow the path these individuals have laid out for it. Proclamation after proclamation has failed, and the detested dollar much to their angst and...
Uncertainty in Europe increased demand for gold investment products in the first quarter of the year, according to the World Gold Council’s Gold Demand Trends Q1, 2017 report. Across the globe a mixture of festivities and renewed safe haven buying saw demand for...
The Bank of Japan is once again pushing deflation into the financial system by aggressively devaluing the Yen against the $USD. This is the famed Yen carry trade. And it is being done to rig stocks. You can see the CLEAR inverse relationship here in the chart below...
Let’s start with the April employment report issued by the Labor Department Friday, May 5th. The Bureau of Labor Statistics announced that the U.S. economy created 211,000 non-farm payroll jobs in April. However, this is a gross exaggeration as the BLS CES Birth/...
My gut and the research I've put together suggests that we are about to undergo a frenzy sell-off, something that will cause some gold investors (who have too much of their net worth weighting in gold-related stocks) to feel like puking, but for those who prepare, I...
May 7, 2017
Getting to B took a while, but it looks as if we are finally there with just a little more upside action to make it perfect. Don’t let the recent strength fool you. If this is the top of the B-wave, the ideal top should come around 2410. Much beyond that and it’s...
'Twas four weeks and forever ago (gold then at 1256) when our technical awareness first perked up for gold to move down, Silver then primed to start slipping as copper was already letting go. But per the above panel if you count back four gold dots (weeks), you'll...
The largest silver ETF SLV was down 14 consecutive days, the longest losing streak in its history. Both gold and silver speculators significantly cut their net long positions.
May 6, 2017
One can see from Rambus’ charts (below) that it appears PM stocks are still early on in the decline process. I would agree, but of course stocks don’t move in a straight uninterrupted line.
Markets continue to show some mixed action with Nasdaq leading on the back of not too many stocks making big moves. The S&P500 looks great with a cup and handle pattern…as stocks are starting to come around after a nice rest to complete new buy patterns.
The first round of the French Presidential Election is behind us. Now, the main developments in Europe which may affect the gold market – except the turmoil in the still fragile banking sector – are a run-off in France and Brexit. Let’s analyze them and their...
Usually, we endeavor to tie in our commentaries to gold and silver, sometimes straining the association, but in reality, there is much more affecting the price of PMs than meets the obvious. There can be no question that the globalists running the federal...
Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.
May 5, 2017
The first 100 days of the Trump administration have brought some surprises and disappointments – as well as some new threats and new opportunities for precious metas investors. Among the disappointments was President Trump’s inability to push Obamacare repeal...
When billions of dollars flow into an ETF, it’s safe to assume this is because of its popularity among investors. The VanEck Vectors Junior Gold Miners ETF (GDXJ), which invests heavily in junior gold miners around the world, can attest to this kind of popularity,...
Gold has suffered a sharp pullback over the past couple weeks, stoking much bearish sentiment. While a variety of factors fed this selloff, the precipitating catalyst was a gold-futures shorting attack. These are relatively-rare episodes of extreme selling...
Peak gold and silver and the case for peak precious metals on “our small, finite planet” was the topic for discussion on the latest episode of the Keiser Report.
Recent news from the World Economic Forum (weforum.org) has outlined recent core global economic functions and relationships (https://www.weforum.org/agenda/2017/03/worlds-biggest-economies-in-2017). We found this interesting in both factual data and interpreted...
The internet is slower than molasses in January and hard to annotate charts, but I got a few updated. Below is the combo chart for the PM complex we’ve been following which shows the dominate pattern being the triangle consolidation pattern. Just before I left the...
Seems everyone (me included) is trying to spot when the next Intermediate Low in gold and PMs will be. Again, one of the things I am looking for is a failed short term Trading Cycle to confirm the move into the next Intermediate Low.
HUI is torn, frayed and downright bearish. What’s more, it’s been bearish since it started to drop from the SMA 200 failure point. In NFTRH, we managed bounce #1 (off the Dec. low) as just that, a bounce. Then we managed bounce #2 as just that, a bounce. It doesn’t...
May 4, 2017
Investors are under-estimating inflation risk. As a consequence, they are under-pricing inflation protecting assets including precious metals. The Federal Reserve has given itself the objective of engineering an inflation rate of around 2%. However, there are many...
Many markets are struggling with over-bought and over-sold conditions…but with reversals in view.
The Subprime 2.0 story is now gaining traction in the financial media. By way of brief review, here is the template for Subprime 1.0 (the mortgage meltdown).
Examine the picture below. The global economy thrives on debt and credit. We purchase essential products using debt/credit. The U.S. dollar bill is a debt of the Federal Reserve. All debt based assets have counter-party risk.
How does one construct a portfolio in an era of seemingly ever rising and highly correlated asset prices? Years of asset prices moving higher has changed both retail and institutional investors; it has changed the industry; and, in my humble opinion, those changes...
Of all the mini-bubbles now inflating out there, maybe the least explicable is the race among emerging market companies to borrow dollars. This has gotten them – and their governments — in huge trouble so many times in the past (see the Mexican default of 1982 and...
Gold takes it on the chin as the markets interpret the FOMC Announcement yesterday to keep a June rate hike fully in play. Furthermore, silver continues to lose to gold via the gold silver ratio. Lastly, copper prices sink off of a stunning 32% increase in LME...
May 3, 2017
Most people are probably aware of the saying "Sell in May and go away". This popular seasonal Wall Street truism implies that the market's performance is far worse in the six summer months than in the six winter months.
