Paul Craig RobertsIdentity Politics is the ideology of the liberal/progressive/left and the Democratic Party. Identity Politics teaches hatred of white people, all white people.Continue...Read More
By Steve St. AngeloChinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China's Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the s...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comJanuary 15, 2018 Price ratios determine relative value of the precious metals and are useful parameters in deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and gold-silver ratios from the United States' abandonment of the gold standard i...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
By Keith WeinerWe 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...Read More
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