Anatomy of Waterfall DeclinesIn an article published in these pages in early March, I have discussed the similarities between the current chart pattern in the S&P 500 Index compared to the patterns that formed ahead of the crashes of 1929 and 1987, as well as the crash-like plunge in the Nikkei 225 Index in 1990. The following five similarities were decisive features of these crash patterns: - a...Read More
The developed world has lived with unnaturally-low interest rates for so long that it's become hard to imagine what life in a normal financial system would be like. But as rates finally start to rise, some of the necessary lifestyle adjustments are emerging. A big one is the fact that the days of refinancing one's house every few years to extract free cash or lower the monthly mortgage payment are...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
Seeing Things for What They ArePicture, if you will, a group of slaves owned by a cruel man. Most of them are content, but one says to the others, "I will defy the Master". While his statement would superficially appear to yearn towards freedom, it does not. It betrays that this slave, just like the others, thinks of the man who beats them as their "Master" (note the capital M). This slave does no...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 Ira EpsteinBig test to see if gold and silver find support on Wednesday.https://www.iraepstein.com/ Read More
Smoke SignalsGold went up by 33 of the Master's Notes, but silver went up only 22 of the His Cents. Decrepit though he may be... it's still his funny money, and he always wants more of it. [PT] The rising gold-silver ratio is one thing we add to others that signal the not-good economy. Silver has industrial uses, but gold basically does not. So a rising ratio shows rising monetary demand relativ...Read More
Comex copper prices recovered Tuesday March 27 morning in the US amid easing tensions between the US and China.Copper for May settlement on the Comex division of the New York Mercantile Exchange rebounded 1.25 cents or 0.4% to $2.9825 per lb. Yesterday, the contract collapsed to a September-2017 low."While we treat the current rebound in copper prices cautiously, we are comforted that the copper p...Read More
It's no secret that the financial sector has expanded at a near geometric pace, along with the debt burden. While it's great for the big banks, it's come at the expense of society as a whole and individuals have taken it on the chin. Low cash levels and liquidity will bring down the household sector. Banks always want to sell more, regardless of the customer's best interest. They're never held to...Read More
Rudi Fronk and James Anthony, the cofounders of Seabridge Gold, comment on the factors they see as bullish for gold. It now appears that the gold complex has successfully tested support. Gold held above $1305, the low for the year set on March 5 and above the psychologically important level of $1300. GDX, the gold stock ETF, held above the December 2017 low of $21.25. No new lows support the pote...Read More
The developed world has lived with unnaturally-low interest rates for so long that it's become hard to imagine what life in a normal financial system would be like. But as rates finally start to rise, some of the necessary lifestyle adjustments are emerging. A big one is the fact that the days of refinancing one's house every few years to extract free cash or lower the monthly mortgage payment a...Read More
Graceland Updates By Stewart Thomson 1. I've predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size. 2. Please click here now. Double-click to enlarge this interesting chart of the US stock market. Clearly, these mini-crashes are starting to happen. 3. Having said that, I haven't sold any of my US...Read More
Has silver's time finally arrived? This week Mike Maloney links to several pieces of news and data that show a massive shift in the silver market, as well as a gigantic nail in the coffin for the US Dollar Standard. Be sure to read the accompanying articles and watch the video Mike mentioned for some excellent in-depth analysis on why now might be the time for silver. Links to articles:David Stock...Read More
Drilling contractor Layne Christensen (NASDAQ: LAYN) has rejected opposition to Granite Construction's US$376 million offer for the company, but won't fully address concerns outlined in a letter by Cetus Capital until "the second quarter of 2018".Staff reporter27 MARCH 201827/03/2018commentsshareGranite (NYSE: GVA) and Layne announced the former's bid on February 14 this year. Layne was trading ar...Read More
Dear Friend of GATA and Gold:In commentary posted today at GoldSeek, headlined "GATA Is at It Again" --http://news.goldseek.com/GoldSeek/1522155660.php-- financial letter writer Avi Gilburt accuses GATA of routinely taking quotes out of context, starting with the mention made of GATA by the deputy chairman of the Bank of Russia, Oleg Mozhaiskov, in his address to the London Bullion Market Associ...Read More
– Silver Futures Report, JP Morgan Record Silver Bullion Holding Is Extremely Bullish– JP Morgan Continues Adding To Massive Silver Bullion Holdings (see chart)– Silver Speculators Go Short – Which Is Extremely Bullish– Stunning Silver COT Report: One For the Ages (see chart) The silver futures Commitment of Traders (COT) report released last Friday was...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
Flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand was moderate, sources told Metal Bulletin on Tuesday March 27. Most buyers want to wait and see if price decreases continue. UAE Hot-rolled coil (HRC) was being offered to the UAE at $610-620 per tonne cfr from China, down from $635-640 per tonne cfr last week. India offered HRC at 640 per tonne cfr to...Read More
By Graham Summers As I noted yesterday, stocks still have some life in them. Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House d...Read More
As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More