Tradingposition (short-term; our opinion): No positions are justifiedfrom the risk/reward perspective.OnTuesday, crude oil hit a fresh 2018 high of $64.89, but then reversed anddeclined very quickly, erasing most of Friday increase. What encouraged oilbears to act and how did this decline affect the short-term picture?Yesterday,the Energy Information Administration said that U.S. oil output is exp...Read More
It's no secret that Central Banks have been funneling liquidity both directly and indirectly into stocks. However, what most investors don't realize is that this liquidity pump is about to end.Why?Because the endless streams of liquidity (Central Banks continue to run QE programs of $100+ billion per month despite the global economy stabilizing) have unleashed inflation.Forget the "official" date....Read More
"We see gold becoming bullish when it breaks over $1,400 [an ounce] and the mid-$1,400's, which it hasn't done in years, so it's still in that trading range," he said, "we don't see a big downside risk in gold." Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the C...Read More
Metals are setting up for that “Rip Your Face Off Rally”. The following charts for Gold and Silver show a very interesting setup that is unfolding as the US markets continue to strengthen – that being that the Metals are showing strength in price and we can only assume this is related to some level of FEAR in the markets or expectations that the “Equities and Bitcoin...Read More
Within this current fractional reserve and derivative pricing system, it's sometimes easy to anticipate price rallies and slams by observing The Bullion Banks and their practice of increasing and decreasing the total open interest of contracts on the COMEX.Our most recent example of this came back in December. With price down near $1250 in COMEX gold, we anticipated a bottom and a rally due to the...Read More
A year into Donald Trump's presidency, the perception of U.S. leadership globally is weaker than it was under the last two US Presidents.Continue...Read More
CloseGain/LossGold $1326.30-$2.70Silver$16.94-$0.08XAU87.57-1.74%HUI196.54-1.77%GDM662.63-1.38%JSE Gold1309.56-3.95USD90.52-0.19Euro122.41+0.30Yen90.16+0.03Oil$63.95-$0.0210-Year2.620%+0.048T-Bond149.25-1.0625Dow26017.81-0.37%Nasdaq7296.05-0.03%S&P2798.03-0.16% The Metals: Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drift...Read More
It's no secret that Central Banks have been funneling liquidity both directly and indirectly into stocks. However, what most investors don't realize is that this liquidity pump is about to end.Why?Because the endless streams of liquidity (Central Banks continue to run QE programs of $100+ billion per month despite the global economy stabilizing) have unleashed inflation.Forget the "official" date....Read More
Here’sWhat Arizona, Texas, North Carolina, Virginia, Idaho, Etc. Are Doing...In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well.36 states have already removed sales taxes from precious metals transactions, and bills being pushed this year by sound money advocates in Alabama and...Read More
"It ensures that victims of workplace harassment have the resources they need to get the justice they deserve. No staffer or Member should ever feel unsafe in public service, and this bill will help make that a reality."Continue...Read More
Dear Friend of GATA and Gold:Last month an official of the Federal Reserve Bank of New York celebrated a century of cooperation by central banks in secret interventions in the markets. His address was posted on the internet sites of the New York Fed and the Bank for International Settlements, but mainstream financial news organizations have yet to take note of it.The official, Simon M. Potter, e...Read More
Full Article: Silver Antidote to Bubble CrazinessBy: Gary ChristensonCHARACTERISTICS OF BUBBLE CRAZINESS:U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone!Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher.Full Article: Silver Antidote to Bubble CrazinessBy: Gary ChristensonDisclaimer (C) 2010 Junior Gold Re...Read More
America itself has become the largest bubble in economic history. The progression of bubbles from equities, to corporate credit, classic cars, Da Vincis to bitcoin, have expanded in scope and risk becoming an insidious process. Today, almost every asset class is up thanks to our central banks, led by the Fed, printing enormous amounts of new money such that their combined balance sheets topped $20...Read More
By Craig HemkeWithin this current fractional reserve and derivative pricing system, it's sometimes easy to anticipate price rallies and slams by observing The Bullion Banks and their practice of increasing and decreasing the total open interest of contracts on the COMEX. Our most recent example of this came back in December. With price down near $1250 in COMEX gold, we anticipated a bottom and a...Read More
The bull market's blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday's 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot resistance is worth shorting, I wouldn't recommending standing in the herd's way if it is exceeded by more than 10-15 points. The broad averages reportedly are ab...Read More
Silver has plenty of room to run due to increasing demand and shrinking supply, according to the Silver Institute.Continue...Read More
As you may recall we nailed the Bitcoin top within 2 days. Here is the chart from the update of 18th December... And here is the latest chart showing what has happened since... As Bitcoin is still at a very high level historically, it is considered worthwhile for those hapless individuals (not us) who bought Bitcoin in the recent past to make a tactical switch on opportunity cost grounds into...Read More
Latest bitcoin, crypto crash causes gold coin and bar demand to surge- Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%- Ripple and 'Digital gold' Bitcoin fall past key psychological price levels- $300bn wiped from cryptocurrency fortunes in just 36 hours- New research says that there is 'Price Manipulation in the Bitcoin Ecosystem'- Savvy crypto buyers converted their short term...Read More
Gold is technically overbought and the U.S. dollar is technically oversold, so we could see the price swing back regardless of what happens withContinue...Read More