The highly regarded former chairman of the Federal Reserve, Paul Volcker, has severely criticized the State Governments in the U.S. over “faulty practices” used to devise budgets which mask the true financial position of those states.
Gold Editorials & Commentary
June 9, 2015
Although the longer-term bullish case for gold could scarcely be stronger, over the short to medium-term the picture continues weak, with it looking vulnerable to breaking down into another downleg to the $1000 area and perhaps lower.
In my previous article yesterday I tried to stress the importance of getting to the sidelines before gold begins the final decline into its eight-year cycle low. Today I’m going to show you what I think is in store and why.
Although it is not possible to determine an objective value for gold (the value of everything is subjective), by looking at how the metal has performed relative to other things throughout history it is possible to arrive at some reasonable conclusions as to whether...
June 8, 2015
Global markets are changing drastically and showing volatilities like we saw back in late 2008. I am not talking about stock markets, it is the debt and currency markets that are schizophrenic. Oddly, even after all of the various Western "QE's", liquidity suddenly...
More and more analysts are beginning to take note of the “War on Cash.” However, they’re missing the fact that the actual template for what’s coming to the US first appeared in Europe back in 2012.
In this Weekend Report I would like to show you an in depth look at some of the more important currencies on the planet to see where we’re at in the big picture and how they may affect the price of gold. In general when a currency (other than the US Dollar) is...
Gold sector is on major sell signal. Cycle is down. Much lower prices in coming weeks.Silver is on a long term sell signal and investors should be in cash or short. Caution is advised as COT data has reached levels of previous tops.
Gold´s price action over the last two weeks has been pretty weak. The 50MA (US$1,196) has been lost and it looks like Gold wants to break lower. Yet it did not close below $1,170 and bulls are starting a recovery since the lows from last Friday @$1,162.
The joint CEO’s of Germany’s largest bank, Deutsche Bank, the twelfth largest bank globally in terms of assets, unexpectedly announced their resignation over the weekend. Anshu Jain will resign at the end of this month, almost two years ahead of schedule while...
June 7, 2015
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for cash (because they don’t...
With more evidence arriving this week, it has become a near certainty that both gold and silver prices have topped in their Biannual Cycles and will head lower into the summer of 2015. The gold price peaked in the ninth week of its biannual cycle.
Does the gold price still have to go to hell-and-back before it shoots very much higher? That’s certainly the opinion of many professional technical analysts and followers of the Elliott Wave theory.
As most of you probably know by now, it’s been my belief for about a year that gold’s bear market would not end until at least testing the previous C-wave top at $1050. Every D-wave correction in the secular bull has at least retraced to the previous C-wave top...
Our song and dance of a week ago concluded with a calculation for Gold's realistically reaching the 1400s -- before this year is out -- based upon these two assumptions: 1) the low thus far holds (1142 on 17 March) and 2) the "expected yearly trading range" of 274...
I’ve come to a point in my market observations where I have little desire to follow current market trends, except for maintaining my data files. I do admit though that I’m closely following Treasury yield daily closings.
As regular readers are well aware; the bubble-and-crash cycles manufactured by the Western banking cartel and its central banks are nothing but organized crime. What makes this scripted, financial theater so absurd (and infuriating) is that there are very rigid and...
Markets began to act sloppy this week…breaking to break below breakdown levels late in the week. Consequently, I locked in all my gains Thursday…and am now in an all cash position and looking for a little correction.
History has been quite clear. When the Fed prints too much money, holds interest rates too low for too long, it eventually creates a bubble followed by a market crash. It happened in 2000 with tech stocks. Then again in 2006 with real estate. Followed not long after...
June 6, 2015
The most remarkable fact the emerges from the chart of the Dow Jones Industrial Index below (source bigcharts.com) is that volume has been falling since 2009
Americans labor under the misguided belief that they have freedom, and by extension, freedom of choice. This simply is not true. Corporations are dictating more and more how Americans live, what to think, what to eat, and more. Google is a perfect example of what...
June 5, 2015
Gold and Silver are going to close down for the third consecutive day and the third consecutive week. As we pen this on Friday, Gold Price bounced from $1162/oz -- and could close near $1170/oz, while Silver traded below $16/oz and may close at $16/oz right on the...
Gold & Silver Oversold, DOW & Dollar Charts, GDX, GDXJ & SIL And Junior Gold Stocks analysis via videos:
Gold remains deeply out of favor thanks to global central banks’ extreme money printing. This fueled a global stock-market levitation that has temporarily short-circuited normal market cycles, leaving investors infatuated with stocks to the exclusion of prudent...
Jim Sinclair suggested a big picture topic to write about. Each step forward by the Chinese to make a foothold for the Renminbi (yuan) is one step backwards for the grip the dollar has held over the globe (as the primary Foreign Reserve Currency).
We know that the Federal Reserve cranked up their digital printing presses and created over $16 Trillion in new currency, swaps, loans, bailouts, gifts, etc. in response to the 2008 financial crisis. Example: Bernie Sanders says that Bank of America received over...
If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times gold bullion’s price today, according to a recent article from respected Bloomberg Intelligence.
Decades ago, we used some quips attributed to the "trading floor cynic." After more than fifty years in the markets and after reading so much of financial history one might become jaded about the markets. Not in these pages. There are very few stock market trading...
China is in the late stages of constructing its thirteenth five-year plan, a process that commenced over a year ago and will result in a first draft in October. While the bulk of the plan will concern regional and domestic development, it is the international...
June 4, 2015
Even though the former Chairman of the Federal Reserve is now getting paid privately for his economic and market prognostications, he is still unable to identify or acknowledge the monumental bubbles that central banks have engineered.
