The Commodity Futures Trading Commission has released the latest CoT report. What can we learn from it about the gold market?Light and Darkness in the Gold MarketThe epic battle between good and evil. The conflict between light and darkness. We and them. This is how some analysts portray the Commitments of Traders report. Commercials, i.e. bullion banks such as JP Morgan, are of course the bad guy...Read More
The key to bubble analysis is to look at what's causing the bubble. If you get the hidden dynamics right, your ability to collect huge profits or avoid losses is greatly improved.Continue...Read More
The 91.57 downside target we were using for the dollar looked promising as a place for a powerful bounce to occur. Instead, sellers crushed it on Friday, putting in play a significantly lower target at 88.29 that I would rate as almost certain to be reached. If so, it would add 2.9% to the Dollar Index's so far 12.4% decline from the 103.82 high recorded a year ago. It would also undoubtedly qui...Read More
2017 was literally the smoothest stretch of highway that US stocks have ever traveled. Rising almost every day and seldom falling hard, they made it virtually Continue...Read More
- JP Morgan continues to accumulate the biggest stockpile of physical silver in history- "JPM now holds more than 133m oz -more than was held by the Hunt Bros" - Butler- Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today- Money managers showing more optimism towards silver through record buying- "Near impossible to rule out an upside price surprise at any moment"Edi...Read More
Crude oil is starting out strong in 2018 asboth the international Brent benchmark and the West Texas Intermediate continueto book price gains. The gains in crude oil prices this year is riding thewaves of the uptrend in oil prices that began in 2017. Now, the U.S. West TexasIntermediate is trading up around $63.57 per barrel and the Brent crude istrading up around $69.20 per barrel. Commodi...Read More
Over the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017.The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%.Put simply, core inflation is rising rapidly... and the Fed is WAY behind the curve.Small wonder the US Dollar is collapsing, breaking through critical resistance.The BIG PICTURE chart is even uglier, suggesting the $U...Read More
Look for signs of profit taking in gold and silver as US markets reopen. Any further rise in gold and silver will be dependent on the ability or inability to break past key resistances of $1358 and $1754. Over the past two years gold has not been able to break $1380. It will not be easy to break $1380 on fears of sharp correction. However in case gold breaks and trades over $1380 anytime before...Read More
Over the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017.The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%.Put simply, core inflation is rising rapidly... and the Fed is WAY behind the curve.Small wonder the US Dollar is collapsing, breaking through critical resistance.The BIG PICTURE chart is even uglier, suggesting the $U...Read More
– JP Morgan continues to accumulate the biggest stockpile of physical silver in history– “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler– Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today– Money managers showing more optimism towards silver through record buying– “Near impossibl...Read More
Gold and related investments are off to a very positive start in 2018. I don't expect any major pause in the action until China's Golden Week holiday celebrations get underway.Chinese gold dealers will be on holiday this year from about February 15 to February 21. This creates a significant vacuum in gold demand. As dealers and Chinese gold markets close, the gold price tends to soften in global m...Read More
"Just Caucasian or white countries, sir? Or do you want people to come in from other parts of the world... people of color," Acosta asked."Out!"Continue...Read More
CloseGain/LossGold $1339.30+$1.30Silver$17.21-$0.03XAU90.27+1.30%HUI204.39+1.52%GDM682.72+1.92%JSE Gold1316.17-51.24USD90.43-0.52Euro122.65+0.59Yen90.81+0.78Oil$63.73-$0.5710-Year2.543%-0.005T-Bond150.90625+0.53125Dow25792.86-0.04%Nasdaq7223.69-0.51%S&P2776.42-0.35% The Metals: Gold saw modest gains in holiday thinned trade yesterday before it fell back to $1331.80 in London today, but it...Read More
Over the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017.The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%.Put simply, core inflation is rising rapidly... and the Fed is WAY behind the curve.Small wonder the US Dollar is collapsing, breaking through critical resistance.The BIG PICTURE chart is even uglier, suggesting the $U...Read More
We have been discussing the consumption of capital. Last week, for example, we concluded with:"We see people eating more of the seed corn."Morally, socialism is the enslavement of man to man. If you create something, they want not just to take it from you, but to render you unable to create anything else. They declare that the ideal is "from each according to his ability." This is about the most p...Read More
The rebound in the precious metals sectorcontinues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocksled by the HUI Gold Bugs Index and GDX also made a new high with juniors andSilver right behind. The greatest traders say the move comes first and then thereason later. When it comes to Gold we are always analyzing the reason behindthe moves so we can distinguish between reactions...Read More
By Dave KranzlerEvery month consumer debt in aggregate hits a new record. Auto loans and student loans have been hitting monthly record highs for quite some time. In November credit card debt hit a record high in total and increased a record monthly amount for any one month. Mathematically this can't go on forever. In fact, there are signs - indicators not reported widely by the financial media...Read More
Over the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017.The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%.Put simply, core inflation is rising rapidly... and the Fed is WAY behind the curve.Small wonder the US Dollar is collapsing, breaking through critical resistance.The BIG PICTURE chart is even uglier, suggesting the $U...Read More
If officials at the Securities and Exchange Commission (SEC) are bothered by allegations of incompetence and capture by Wall Street's bankers, it is hard to tell. The Commission recently hired Brett Redfearn to serve as Director of the Division of Trading and Markets. Redfearn left a 13-year stint at JP Morgan to assume a key role in regulating banks, investors and traders.The SEC, and other regul...Read More
VANCOUVER, BRITISH COLUMBIA / January 16, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the Company has engaged Highbury Energy Inc. ("Highbury") to assist in preparing a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke ("petcoke").BackgroundPetcoke is a carbon material by-product of the oil...Read More