West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state.
Gold Editorials & Commentary
January 30, 2019
An improving technical picture can be a key driver of the institutional fund flows that will be necessary to drive COMEX gold and the mining shares upward in the weeks ahead. However, let's make one thing perfectly clear before we go any further...
Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich? If so you’re in good – or at least numerous – company.
– “World’s most dangerous hotspot” is in the South China Sea. – Currency and trade wars can lead to shooting wars warns Rickards. – Chinese buildup in South China Sea like ‘preparing for World War III’ says US senator (see news)
January 29, 2019
Two years ago at a conference during which I both presented and attended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introduced me to a different way of looking at things. He posed the question, "How many sides does a coin have?"
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. With that now out of the way, gold is already staging more upside action!
Bitcoin’s hot streak is well and truly dead. The cryptocurrency has not been able to crack above $4,000 in three weeks just 12 months after trading at more than $12,000.
Today is the day we want to warn our followers that we expect the precious metals to continue to base with a fairly narrow price range for about 45 to 65 more days before upside pricing pressures start to take hold of the markets. There has been quite a bit of...
January 28, 2019
There is an old adage in the market which says that "everyone is a genius in a bull market." What that really means is that as long as you keep looking to the long side in a bull market, you will be seen as a genius.
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we’ve been using for the last week or so. (Note: These...
In what has been a rather rare occurrence, silver was the best performing metal this week, up 2.64 percent despite a steady trickle of silver out of the physical metal ETFs on a near daily basis. Gold traders are bullish for an 11th straight week, as surveyed by...
Newly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be “a larger part of our conversation.” Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is:
Gold futures settled above $1,300 an ounce on Friday, with prices for the yellow metal at their highest since June as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries.
Many people view the seven years of zero percent interest rates experienced in the United States between 2008 and 2015 as being safely in the past, with normal times having returned.
Last week, I suggested that there would be a major top around the 22nd. That top proved to be January 18 right on the quadruple and powerful Bradley turn, as well as the Venus/Mars trine. That same weekend we had Mars square Saturn. On January 25th we had another...
January 27, 2019
First it was the loudly broadcast convening of the Working Group on Financial Markets – aka “the Plunge Protection Team” – by the PPT’s el Jefe, Steven Mnuchin. This was followed the “mouse that roared” speech from Fed head, Jerome Powell, hinting that the Fed...
It only takes a quick glance at the daily SPX indicators to assess the current market position. Last week, for the first time since the 2346 low, they “sputtered”. It is no wonder since from about 2600 the index has started to meet with more and more overhead...
There is a well-known fable of the shepherd boy who became bored and felt lonely while he was watching over the sheep of the village and shouted, ‘ Wolf! Wolf!’. The villagers heard him and, grabbing their fighting sticks, rushed to protect the flock – only to be...
We are in the end time of an unprecedented era of financial expansion — the greatest expansion of the world’s money supply ever attempted, expansion of the Federal Reserve’s vast and unchecked powers far beyond what the Fed could do before the financial crisis, and...
The Dow Jones Index took last week off; In 4 days of trading it advanced only 0.11% In the BEV chart below, or 31 points. After the advance seen since December 24th I guess it earned a break.
'Twas just one week ago wherein we bemoaned that a lifeless Gold had fallen out of bed. Today 'twould appear Gold's getting banged on the floor has brought some life back to price, and moreover, some volatility.
January 26, 2019
Tanzanian Royalty stock is right now regarded as selling at an extraordinarily low bargain price. There are several important reasons for this. One is that several years back it (and other key mining stocks) suffered from an orchestrated shorting campaign where,...
Gold sector is on a major sell signal. Major signals can last for months and years and are more suitable for long-term investors. GLD is on short-term buy signal.
January 25, 2019
If you have been following some of the research posts by some of the biggest names in the precious metals industry, you may understand “why” so many people are so excited about the opportunities in Gold and Silver recently.
It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to...
The gold miners’ stocks have slumped in January, tilting sentiment back to bearish. This sector’s strong December upward momentum was checked by gold’s own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs ...
We’ve seen this movie before. In the first three weeks of 2018, the S&P 500 gained 150 points. That was nearly a 6% gain in just 15 trading days. I told folks at the time, “Most investors would probably do well to cash out right here, take their 6% profits and...
“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote...
Much has been discussed, about has happened to the world since 2008, and many investors today are anchoring to the most recent crash in 2008-09. A new crop of investors never even experienced a true crash. But the next crash is never the same as the last crash.
Resistance Ahead - Following a-20% peak-to-trough correction in stock markets in December, we are now witnessing a powerful oversold rally. How far will it run? Is it a counter-trend rally in a new bear market or the beginning of a new leg higher in a still-ageing ...
