The Era Of Gains is over By Adam TaggartEver since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation:But this has been a quixotic pursuit. Created by pulling tomorrow's prosperity into today, these asset price bubbles are unsustainable, and invariably suffer violent corrections at their end.So far, the central banks...Read More
Strong words, aren't they? And yet, we are not afraid to put them right in the title. The number of factors (and their importance) that point to a nearby reversal and continuation of the major decline is too significant to believe in the bullish case, even though gold, silver, and mining stocks moved higher in the last few days. We emphasized it many times and we will continue to do so, as it's...Read More
By Keith WeinerA long time ago in a galaxy far, far away we wrote a series of articles arguing that bitcoin is not money and is not sound. Bitcoin was skyrocketing at the time, as we wrote most of them between July 30 and Oct 1 last year.Back in those halcyon days, volatility was deemed to be a feature. That is, volatility in the upward direction was loved by everyone who said that bitcoin is mo...Read More
Most warnings about large increases in government indebtedness revolve around future repayment obligations. For example, there is the concern that greatly increasing the government debt in the present will necessitate much higher taxes in the future. For another example, there is the concern that if the debt load is cumbersome at a time of very low interest rates, then as interest rates rise the...Read More
Dear Friend of GATA and Gold:With the latest version of his autobiography, published last month, "Keeping At It -- the Quest for Sound Money and Good Government" -- https://www.publicaffairsbooks.com/titles/paul-volcker/keeping-at-it/978...-- former U.S. Federal Reserve Chairman Paul A. Volcker reiterates that gold price suppression long has been a tool in the arsenal of central banks for surrep...Read More
By John MauldinKnow ThyselfLending Allows SpendingWealth GapA Beautiful DeleveragingIRA MagicThe Joys of Traveling, Puerto Rico and ClevelandScience tells us energy can neither be created nor destroyed within a closed system. Whatever amount is there will stay the same, though it might change form. If only the same were true for debt.Within the closed system called Earth, we are much better at c...Read More
By Avi GilburtIf you've been following my analysis of the S&P 500 through the years, you know that we have called the stock market rather well. In fact, we called for the rally to 2100 in 2015, and then expected a pullback from 2100 to the 1800 region as we came into 2016. However, unlike most others at the time, we expected that pullback would set us up for a 40%+ rally in the overall index bef...Read More
Gilts are on a tear as investors escape U.K. stocks and the pound. But a no-deal Brexit or a Corbyn government would soon change their status.By Mark Gilbert and Marcus Ashworth (via Bloomberg.com)British investors have been fleeing their domestic stock market in droves all year, and everyone and their dog lined up to sell sterling on Thursday as the tally of resignations from Theresa May's...Read More
Thanksgiving week has been marked by abrupt moves and long-term trend changing moves in metals and energies. This has happened most of the time (not all of the time) over the past fifteen years. I will prefer to be cautious in metals, natural gas and the US dollar Index this week. Technicals are fine but one should see signs of a trend changing technically. Global stocks could sink once again...Read More
With the European financial system already extremely WEAK it was just announced that the FBI, SEC and FinCEN are now investigating a $150B money laundering operations out of the World's largest bank derivative holder....DEUTSCHE BANK! Hang on tight.Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his...Read More
John and I have been talking for years about finally getting to the dreaded Minsky Moment, that time when an overly debt laden economy ceases to function. We've seen it in Venezuela and in Zimbabwe. Could it happen here? That's the huge question. We may not be Venezuela or Zimbabwe, we could easily see another financial crisis within the next few years. And based upon market behavior, states getti...Read More
Just when Deutsche Bank probably thought the worst of its legal troubles (over the Libor scandal, sales of shoddy mortgage-backed securities, FX and precious metal Continue...Read More
The Pentagon has finally completed its first ever audit and the results are as many of us expected. After spending nearly a billion dollars to find out what has happened to trillions in unaccounted-for spending, the long look through the books has concluded that only ten percent of all Pentagon agencies pass muster. I am surprised any of them did.Even the Pentagon is not surprised by the failure o...Read More
CloseGain/LossGold $1223.20+$1.30Silver$14.42+$0.01XAU65.70-0.57%HUI148.27-0.19%GDM539.96+0.11%JSE Gold1141.62+20.05USD96.21-0.23Euro114.50+0.33Yen88.76+0.11Oil$56.76+$0.3010-Year3.053%-0.018T-Bond139.8125+0.25Dow25017.44-1.56%Nasdaq7028.48-3.03%S&P2690.73-1.66% The Metals: Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and end...Read More
Strongwords, aren’t they? And yet, we are not afraid to put them right in the title.The number of factors (and their importance) that point to a nearby reversaland continuation of the major decline is too significant to believe in thebullish case, even though gold, silver, and mining stocks moved higher in thelast few days.Weemphasized it many times and we will continue to do so, as it&rsquo...Read More
CloseGain/LossGold $1223.20+$1.30Silver$14.42+$0.01XAU65.70-0.57%HUI148.27-0.19%GDM539.96+0.11%JSE Gold1141.62+20.05USD96.21-0.23Euro114.50+0.33Yen88.76+0.11Oil$56.76+$0.3010-Year3.053%-0.018T-Bond139.8125+0.25Dow25017.44-1.56%Nasdaq7028.48-3.03%S&P2690.73-1.66% The Metals: Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and end...Read More
By Ira EpsteinGold is in a bullish configuration.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 11/17/2018 Precious metals expert Michael Ballanger discusses the recent rise in precious metals prices and what he sees ahead for the metals. -->As many of us have grown to appreciate over the years, forecasts tend to be nothing more than "educated guesses" and no matter what methods one uses, predicting directional and amplitudinal movement...Read More
By Clint SiegnerPresident Donald Trump isn't thrilled about Jerome Powell's stewardship of the dollar and interest rates. He would like the central bank's help in keeping the economic party going, but so far the Fed Chair just won't play ball. Now the Wall Street Journal has joined the President's call for some renewed stimulus.If officials at the Fed want to pause or even reverse course on rais...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 19, 2018"Buy the Dips" slang for purchasing stocks after a decline in prices Investopedia "Don't be afraid to buy the dip" Warren Buffett, The "Oracle of Omaha," American business magnate, investor, philanthropist "We simply attempt to...Read More