We buy gold for many reasons—as monetary insurance, a crisis hedge, and even for simple diversification. And another one of those reasons is coming to the fore right now: as a hedge against overvalued stock and crypto markets.We’ve been saying for some time that sooner or later these two markets had to correct—and that gold would serve as a buffer against those inevitabilities. I...Read More
The latest mass shooting at a school in Florida is once again reigniting the debate over gun control and mental health. But now the media headlines are blaming President Trump because, they say, he signed a bill that actually made it easier for people with severe mental health problems to get guns. Is that true? Let's give it a Reality Check you won't get anywhere else.Photo credit: Gage SkidmoreRead More
By Dave KranzlerBefore diving into the topic, let's be clear about one thing: The economic definition of "inflation" is the increase in money supply relative to the marginal increase of wealth output (GDP) in the economic system for which money supply is created. This is differentiated from "price inflation," which is "a general rise in prices."Money and credit creation in excess of wealth o...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Mike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and a hard money advocate and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years some important revelations have come to light,...Read More
By Steve St. AngeloThe gold market is setting up for a perfect storm as the top mining producers' supply is forecasted to decline right when demand is likely to surge. The surge in gold demand will occur as the broader stock markets roll over and begin their inevitable massive correction. Due to the tremendous amount of leverage in the system, the coming market correction will be quite viole...Read More
Major declines follow a distinct pattern:1) The initial drop.2) The bounce.3) The final collapse.This recent market meltdown has followed this pattern perfectly. As I write this, the markets have completed numbers 1 and 2. They will begin #3 today.The S&P 500 has bounced right into former support. A rejection here will lead to a sell-off into the true "panic low."The downside target he...Read More
We have always heard that a determined government prosecutor can indict a ham sandwich, and now we know it's true. After 38 years in the Continue...Read More
By Gary TanashianOver the last several years, beginning in 2013 I've made post titles like 'Semi Bullish' in response to the bullish leading edge economic cycle indicator, the Semiconductor Equipment sector and its implications for broad stocks and the economy. Those implications of economic acceleration were along these lines... Semi Equipment Book-to-Bill (b2b) ?+' Broad Semi ?+' Manufacturing...Read More
Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal that Gold is unlikely to breakout now. In fact, if Gold were to correct here the gold stocks could threaten support and...Read More
Major declines follow a distinct pattern:1) The initial drop.2) The bounce.3) The final collapse.This recent market meltdown has followed this pattern perfectly. As I write this, the markets have completed numbers 1 and 2. They will begin #3 today.The S&P 500 has bounced right into former support. A rejection here will lead to a sell-off into the true "panic low."The downside target he...Read More
Mike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and a hard money advocate and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years some important revelations have come to light,...Read More
In his latest major revelation, Andy Hoffman of CryptoGoldCentral.com and the World Crypto Network discusses how cryptocurrency will subsume ALL monetary functions over the next decade, from legacy assets like fiat currency and gold. As well, that decentralized ICOs are the future of capital funding, to completely subsume what stocks and bonds have achieved - and recently, abused - for centuries.A...Read More
- Nearly EUR1 trillion in non-performing loans poses risks to European banks'- Greece has highest non-performing loans as a share of total credit- Italy has the biggest pile of bad debt in absolute terms- Bad debt in Italy is still "a major problem" which has to be addressed - ECB- Level of bad loans in Italy remains above that seen before the financial crisis- Deposits in banks in Greece, Cyp...Read More
CloseGain/LossGold $1330.70-$18.00Silver$16.47-$0.21XAU80.83-2.89%HUI178.98-3.23%GDM614.69-2.70%JSE Gold1152.60-41.04USD89.71+0.56Euro123.37-0.75Yen93.37-0.63Oil$61.79+$0.2410-Year2.881%+0.010T-Bond143.9375-0.0625Dow24964.75-1.01%Nasdaq7234.31-0.07%S&P2716.26-0.58% The Metals: Gold waffled near unchanged in holiday thinned trade yesterday before it fell $13.20 to as low as $1335.50 at abou...Read More
Major declines follow a distinct pattern:1) The initial drop.2) The bounce.3) The final collapse.This recent market meltdown has followed this pattern perfectly. As I write this, the markets have completed numbers 1 and 2. They will begin #3 today.The S&P 500 has bounced right into former support. A rejection here will lead to a sell-off into the true "panic low."The downside target he...Read More
As bad as the prognosticators can be with their predictions for the price of gold, the situation for silver is even worse.Some very recent headlines trumpeted the following proclamations:“Silver prices to surge…”“Silver…Why Prices Will Soar”“Why You Must Own Silver…” But my favorite headline expresses all of the emotion and confusion regardi...Read More
I've noted that when China's markets go quiet during the "Golden Week" holiday, the gold price tends to soften.This is the key gold chart. Price softness is expected during this holiday, and the good news is that it is occurring on very light volume.The bears would argue there's a small double top in play, while the bulls have an inverse head and shoulders bottom pattern on their team. A bull flag...Read More
Prosecutors are really no longer able to prove cases without what is commonly called a "rat" who will take the stand and say whatever the prosecutor directs Continue...Read More