Oct 23 Kitco News reviews forecasts of GDXJ, Gold, and the S&P500 Chris Vermeulen
Gold stocks are showing short-term consolidation, but should they break resistance, another bullish leg could be sustained, pushing the VanEck Vectors Junior Gold Miners ETF (GDXJ) up to 60% higher in a few months, said Chris Vermeulen, chief market strategist of Technical Traders. The gold bullion is seeing similar price action, and chart patterns point to a $2,100 to $2,300 by year-end. In this interview, Vermeulen breaks down the trend lines and technical indicators he’s analyzed to make his forecast...

Oct 23 How Does Gold Perform In 2021's CRACK UP BOOM? GoldSilver Team
Where is gold headed as we get closer to 2021? Will it offer protection from the 'Crack Up Boom' we are experiencing? Mike Maloney recently spoke with Ronnie Stoeferle of Incrementum AG, watch what they have to say about gold in today's video update...

Oct 23 IMF Confirms Massive Stimulus Ahead Globally David Brady
Although this news is already a week old, it is critical in that it confirms what I and many others have expected: Fiscal and monetary stimulus on steroids is coming, and it’ll be GLOBAL. The IMF released a video last week in which its Managing Director, Kristalina Georgieva (‘KG’), calls for a “A New Bretton Woods Moment” and a “Global Monetary Renegotiation.” You can watch it on the IMF’s website. There’s a lot of information in this video, but I am going to focus on the financial aspects. The remarks that follow are my interpretation of what is being said. Watch the video yourself to make up your own mind. In it, KG describes the economic fallout from the pandemic and the measures applied globally. She also states that: “While the global banking system entered the crisis with high capital and liquidity buffers, there is a weak tail of banks in many in emerging markets.”...

Oct 22 Sprott Money News “Ask The Expert” speaks with Chris Vermeulen
Chris, one of Eric Sprott’s favorite strategists and technical analysts, answers questions from listeners of ‘Ask the Expert’. In this monthly edition, Chris and Craig Hemke discuss the future of the U.S. dollar, Bitcoin, what to expect from Precious Metals and mining shares. Chris shares some of the indicators he uses in his analysis, as well as the sectors he sees as having some room to grow...

Oct 22 Do You Own Your Gold? Nick Barisheff
Whether you’re buying a brand new BMW or a second hand Range Rover, it’s necessary to secure clear title so you can sell or trade the vehicle in the future. If you purchase a home in The Hamptons or in the Vancouver suburbs, the title or warranty deed should ensure the property is unencumbered by a mortgage or tax lien. When acquiring gold, silver or platinum, you need documentation to prove you own the bullion and can take physical possession if desired. Without proper paperwork, you might not own the car, the mansion or the metal. While most people know the importance of owning an automobile or real estate outright, investors too often fail to obtain legal title to their precious metal holdings...

Oct 22 How the Coronavirus is Exacerbating Global Inequality, Hunger Rick Mills
Autumn is harvest season in North America and many families gather on Canadian and American Thanksgiving to celebrate the good fortune bestowed upon them throughout the year – including the ability to put food on the table.  This year for millions of people, there is less to be thankful for, and very likely, reason to lament or mourn – a lost job, an eviction, hours cut back, a friend or relative getting sick, loneliness, boredom, depression – all due to the coronavirus which has up-ended life as we knew it. Today’s article is inspired by CNN commentator Fareed Zakaria, who presented a well-researched, timely segment on how the pandemic, in a matter of months, has un-done years of progress in improving global inequality. Pandemics, says Zakaria, should be...

Oct 22 U.S. Mint Silver Eagle Sales Forecasted To Triple This Quarter SRSRocco
With the continued uncertainty in the markets and financial system, the U.S. Mint Silver Eagle sales for the last quarter of 2020 are forecasted to triple compared to the same period last year. Already, sales of Silver Eagles so far in October have surpassed the total during the entire fourth quarter of 2019… three months! The U.S. Mint just updated its sale figures on Monday to show the total for October was 2,460,000 compared to only 1,110,500 during October 2019. And, we still have another week and a half remaining in the month. Total Silver Eagle sales for Oct-Dec 2019 were 1,573,000...

Oct 22 The Next Flight to Safety Rush into Gold, Silver and Mining Stocks Dave Kranzler
Another round of “QE” money printing, another round of the flight-to-safety rush into gold, silver and mining stock... For as insanely overvalued as are many of the “tech/unicorn” bubble stocks (SHOP, W, TSLA, CVNA, etc), the precious metals sector, especially silver and silver mining stocks, are just as undervalued. With multiple Fed speeches per day everyday for the last few weeks, the Fed is priming expectations for another big round of money printing in order to monetize the deteriorating credit quality of bank balance sheets and to fund the next round of Government stimulus payments as well as the massive spending deficit...

Oct 21 If You Can't Beat 'Em, Join 'Em Craig Hemke
So when you read below of all the recent Bank analyst "upgrades" for gold and silver, what are you to make of them? Is this a BAD sign...where The Banks are simply luring everyone they can persuade onto the wrong side of the boat? Or is this a GOOD sign...where The Banks are finally understanding and admitting that their days as Market Manipulators are coming to a close, so they might as well start moving themselves and their clients to the long side? At the risk of sounding hopelessly naive, I believe it's the latter. Why? Because just about anyone can see that we stand at the doorstep of an epochal change in the global monetary system. The Great Keynesian Experiment is failing, as the monetary growth needed to service the existing global debt is...

Oct 21 US Stk Mkt & Gold: Robert Mugabe Rides Again? Stewart Thomson
9.) It’s unlikely that money printing in America makes US stock market welfare bums as rich as it did in Zimbabwe, but since the lows of 2008 I’ve been adamant that investors could put some money in US stocks. 10.) That’s based on the premise of money printing to infinity not just in the coming years, but in the coming decades. 11.) Based on traditional forward-looking P/E (price to earnings) ratios, the US stock market can be considered overvalued. 12.) Based on my forward-looking price to money printing ratios, the stock market is a roaring buy! 13.) What about gold?...

Oct 21 American Gothic Horror James Howard Kunstler
That something wicked we spoke of coming our way…? Well, it came. Now we know why Nancy Pelosi has been running around in a fright mask with her hair on fire, and it’s not just a ghoulish anticipation of Halloween. Her Democratic Party is in extremis. It is shot through with the cancer of falsehood and the wormholes of crime, acquired through decades of playing fast and loose with the machinery of government. Nancy has been informed and she remains stuck in the rage stage of the grief cycle. Somebody sent her a copy of that hard-drive. The thing she feared would not end well is actually turning out worse than she thought...

Oct 20 NQ Retests 11,735 Support Chris Vermeulen
Today, we are going to examine what I believe is a sideways price FLAG in the NASDAQ E-Mini Futures (NQ) that should begin a breakdown move. We believe this breakdown trend will prompt a retest of the broad support zone between 11,200 and 11,500 over the next few days and weeks. Our research team believes the current APEX formation of this FLAG formation could complete before the end of trading on Tuesday, October 21, 2020, with a very tight upward price move followed by a breakdown price move completing the Pennant/Flag formation...

Oct 20 Oil Market Update Clive Maund
The oil price has made a remarkable recovery from its extreme April panic lows, given that demand has been dramatically slashed by the economic damage and severe travel restrictions caused by the disproportionate response to the engineered virus scamdemic and has only partially recovered, and after its initial sharp bounce back from the lows it has plateaued at a relatively high level since June. The reasons for this are that the Military – Industrial complex and the financial sector need a buoyant oil price, so the price has been maintained at an artificially high level due to a combination of complex financial engineering and creating vast quantities of fiat to use to prop it up, and as we will see the charts are suggesting that this will probably not end anytime soon...

Oct 20 Getchell Gold completes IP survey on Star Point Rick Mills
Ever since Newmont’s discovery of the large Carlin deposit in the 1960s, gold mining has become a focal point of Nevada’s economy. Each year, more than 5 million ounces of the yellow metal are produced within the state, which based on today’s gold prices amount to about US$9.5 billion in value. Nevada is now home to nearly 30 gold mines, with more to come. Moving forward, gold may not be the only metal that the state of will be known for. Many parts of the state are also rich in copper, a metal that has seen a big turnaround this year thanks to its usage in electric vehicles. In December 2019, the Pumpkin Hollow mine in Yerington became the first US copper operation to reach production in a decade. This is a sign of things to come for...

Oct 20 How Long Until the New Monetary System? Will It Be Gold? GoldSilver Team
Longtime viewers have noted that Mike has spoken for years of an upcoming ‘emergency meeting of the G20 countries about the reserve status of the US dollar’, and would like to know how much longer Mike thinks it will be before this meeting takes place. Join Mike and Jeff Clark in today’s video as they explore some potential scenarios, and whether gold will be involved in a new world monetary system...

Oct 19 Doji Clusters Show Clear Support Ranges On The S&P500 Chris Vermeulen
Clusters of Doji shaped candles have, for centuries, illustrated very clear levels of support/resistance in price action. Whenever multiple Doji candles appear in a cluster-like formation, traders should pay attention to these levels as future support/resistance ranges for price action. In the case of the S&P500 E-Mini Futures Daily Chart, we can clearly see three separate support zones – the highest one being right where price closed on Friday (near 3475). As the US elections near, we do expect increased volatility to become a factor in the US markets. Currently, our predictive modeling systems are suggesting a Bullish trend bias is in place in the markets. Therefore, we expect...

Oct 19 Gold Market Update Clive Maund
With a collapse in the dollar and hyperinflation now inevitable, it is clear that the dollar price of gold will eventually skyrocket, and when I say “eventually” I am not talking about in 5 or 10 years time. It is already starting to accelerate away to the upside and that means that the current dip has presented another buying opportunity, not just in gold itself but in silver and Precious Metals stocks too. On gold’s latest 13-year chart we can see that the giant Bowl pattern has already driven a breakout to new highs in recent months and in this context the minor reaction of recent weeks is a perfectly normal development that unwinds the overbought condition somewhat and rebalances sentiment. The Bowl pattern can also be described as a Cup, and very often a “Handle” forms to complement the Cup before further significant gains are made...

Oct 19 Silver Market Update Clive Maund
As we can see on the 15-month chart, the strong resistance at the upper boundary of the giant base pattern has now become strong support, which should now strictly limit downside. Last month silver briefly tested this support, bouncing off it and it is thought likely that it will retest it again over the short-term before the next major upleg starts, with similar action being expected in gold. This would be normal following the breakdown from the triangular pattern and below the 50-day moving average which has opened up quite a large gap with the 200-day. Basically silver is backing and filling here ahead of its next major upleg, and in so doing it is providing investors with an opportunity to build positions further on any near-term weakness...

Oct 19 Precious Metals Market Update: First Time Ever In The Silver Market SRSrocco
n my newest update, I explain where the precious metals may move over the short term. The technicals show that the metals are more likely to correct lower while the U.S. Dollar moves higher. But, that could change if Congress comes out with a new stimulus package before the election. Although, I highly doubt there is the time to do it. Regardless, the technicals suggest that gold and silver will likely correct lower over the short term before setting up for the next leg higher in 2021. However, if Wall Street is happy with who wins the Presidential Election, we could see a big rally into year-end, which would also be good for the metals. So, as you can see, there are many variables...

Oct 19 This Week in Money Chris Vermeulen
The markets remain in a bullish trend in the short-term, however, the trend is relying almost exclusively on a few select sectors and is not sustainable from a long-term perspective. The bond markets are suffering from low interest rates and it will be seen if bonds remain the safe-haven asset for investors during a market down-turn. Gold, silver, and the miners look to have a great year in 2021. Listen to Chris starting at 12:00 to hear his views on the US and CDN dollars, copper, and bitcoin with Jim Goddard on ‘This Week in Money’...

Oct 19 Gold Market: Short Term Tactics Morris Hubbartt
 Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. SFS Key Charts, Signals, & Video Analysis; SF60 Key Charts, Signals, & Video Analysis; SF Trader Key Charts, Signals, & Video Analysis; SFJ Key Charts, Signals, & Video Analysis...

Oct 19 Hyperinflation is Here Alasdair Macleod
This article defines hyperinflation in simple terms, making it clear that most, if not all governments have already committed their unbacked currencies to destruction by hyperinflation. The evidence is now becoming plain to see. The phenomenon is driven by the excess of government spending over tax receipts, which has already spiralled out of control in the US and elsewhere. The first round of the coronavirus has only served to make the problem more obvious to those who had already understood that the expansionary phase of the bank credit cycle was coming to an end, and by combining with the economic consequences of the trade tariff war between China and America we are condemned to a repeat of the conditions that led to the Wall Street crash of 1929—32...