V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic reality, it flouts common sense in ways that only extraordinary popular delusions can. There is the implicit notion, for one, that just a handful of supposedl...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More
Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More
SRSrocco When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.Here is my last update for the U.S. Total Debt All Sectors...Read More
With the gold price refusing to be knocked down below the $1,700/oz. level, it finished the weak above $1,750 [spot] and looks to be building a base, readying for its next leg higher. With continued monetary and fiscal malfeasance, showing no signs of abating anytime soon, it Is only a matter of time until new all-time highs in gold are reached. This will bode very well for the mining stocks. Th...Read More
MMX President Stefan Gleason: Why You Need REAL MONEY Like Never Before and How to Avoid One HUGE Mistake... Don't want to listen? Read the podcast below!Stefan Gleason, Money Metals ExchangeWelcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up we'll hear an interview with Money Metals president Stefan Gleason, who was a featured guest during the recent 360 Gold Summit. Stefan...Read More
Gold miners' stocks rocketed out of mid-March's stock panic, breaking out to major new bull-market highs in mid-May. Such blisteringly-fast gains, and gold stocks' upleg stalling out since, have left many traders nervous about this sector. Calls for a serious selloff are mounting. But arguing in favor for more near-term gains to come, gold stocks never grew overvalued in this post-panic...Read More
In accepting the Democratic nomination for the presidency on July 2, 1932, President Franklin D. Roosevelt spoke of a "new deal for the American people" who had been ravaged by the Great Depression. After winning the 1932 election by a landslide, FDR, as he came to be known during World War II, took immediate action to bring about economic relief to the unemployed through public works programs,...Read More
*"I confused D.C with Puerto Rico when I discussed the number of Representative it would have if it became a state. It would only have one Representative. It's Puerto Rico that would have five."Topics:As I predicted, US stock market continued to be under pressure throughout the week.Financial stocks lead lower by Goldman Sachs.Companies that can't make money need to go out of business.Betting odds...Read More
CEO of Sprott Asset Management Rick Rule returns to Liberty and Finance / Reluctant Preppers to reveal his outlook for the next phases of the precious metals bull market, including the likelihood of volatility that will test our determination to not get thrown off the back of this potentially most powerful rally yet for the metals and miners. Rick also answers viewers' questions about nationalizat...Read More
"A depression was already baked in because we didn't attempt to control or limit any of these extremes that create systemic fragility."http://financialrepressionauthority.c...Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginni...Read More
Co-Founding Editor of The Intercept Glenn Greenwald discusses developments in the indictment against Wikileak's founder Julian Assange.Read More
Since the appearance of the bearish island reversal we noted two weeks ago, stocks have struggled and so far failed to regain the highs reached earlier in June. And another bearish island reversal happened on Tuesday. The resistance displayed by these reversals and the resulting choppiness of trading are exactly the sort of indicators we would expect to see as harbingers of an approaching downturn...Read More
As markets spent the past month "oblivious to the economic reality" by recovering from their precipitous falls, the clear winner was the 'safe haven', gold.David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing...Read More
The European Union will ban most Americans from traveling into the 27 nation bloc, along with Russia and dozens of other countries considered too risky.Continue...Read More
On Friday, Broderick was fired for plagiarism after BuzzFeed's new editor-in-chief, Mark Schoofs, published "A Note To Our Readers" detailing eleven instances whereContinue...Read More
If we can't stop the massive deficits and rampant currency creation, we might as well embrace the resulting stagflation and keep stacking.Continue...Read More
Continue...Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More