Jul 9 Craig Hemke – JP Morgan Will Stop Shorting Silver Greg Hunter
So, demand for gold delivery is exploding, and that is a big reason for the upward price pressure. What about silver? Why is it lagging behind gold? It takes nearly 100 ounces of silver to equal 1 ounce of gold. That ratio is going to start coming down dramatically, and Hemke explains why, “JP Morgan has been accumulating all this silver and shorting against it as a hedge, managing the price and monopolistically controlling it. Now, the COMEX is a delivery vehicle, and people were standing for delivery. JP Morgan was short nearly 6,000 contracts (of silver) on delivery day, and JP Morgan had to deliver (29 million ounces of physical silver). In doing so, they have now reduced their stockpile down to 120 million ounces of physical silver. . . . Now. JP Morgan is left with a dilemma...

Jul 9 What Makes You Think the Stock Market Will Even Exist in 2024? Charles Hugh Smith
 When I read a financial pundit predicting a bull market in stocks through 2024, blah-blah-blah, I wonder: what makes you think the stock market will even exist in 2024, at least in its current form? Given the current trajectory of the real economy into the Greatest Depression while the Federal Reserve's entire raison d'etre is to send stocks soaring to the moon forever and ever, what are the odds that this disconnect leads to a political rebellion against the Fed and its wealth inequality machine, the stock market? Just as Communism was a god that failed, finance capitalism is also a god that failed, an extreme version of crony-capitalism that is nothing more than a mechanism for concentrating wealth and power at the expense of everyone toiling in the real-world economy...

Jul 9 Silver & Gold BREAKOUT Above Important Technical Levels SRSrocco
Today, both silver and gold broke above important technical levels. The gold price hasn’t been this high since September 2011 when it peaked at $1,923 during that month. Silver finally pushed through the critical $18.50 level and closed at $19.16, according to prices on Stockcharts.com. First, let’s look at silver. While silver is still lagging gold, I believe it will start to outperform the yellow metal once it finally BREAKS above the $21 level. The monthly silver price has been stuck below the $18.50 level since 2016. While silver has traded above $18.50, it has not closed above it. We need to see the body of the Monthly Candlestick close above $18.50 for it to be a positive sign for traders. And, with silver closing today at $19.16, we could see a move to $21 rather quickly...

Jul 8 Real Rates Drive Gold Higher Craig Hemke
Six weeks ago, real interest rates were falling as the Covid effect rippled around the world and economic output was slowing. In that post above, however, we argued that eventually this pattern would shift and the world would move toward stagflation and sharply negative real rates. We are still on course for this eventuality. However, in the time since, we've also learned that the U.S. Federal Reserve is actively considering a program of Yield Curve Control or "rate caps". The imposition of a rate control program would institutionalize negative real rates. Why? In a "normal" environment, interest rates would move up with inflation pressures. Maybe inflation moves to 3%, but if rates go up to 3%, too, then the real "inflation-adjusted" rate remains at zero. However, let's say that The Fed announces that they won't allow...

Jul 8 Credit/Investments Turned Into End-User Risk Again Chris Vermeulen
Continuing our research from Part I, into what to expect in Q2 and Q3 of 2020, we’ll start by discussing our Adaptive Dynamic Learning predictive modeling system and our belief that the US stock market is rallied beyond proper expectation levels. The Adaptive Dynamic Learning (ADL) modeling systems attempts to identify price and technical indicator DNA markers and attempts to map our these unique price setups. Then, it attempts to learn from the past DNA markers and apply that learned price behavior to future price DNA markers. In this manner, it learns from the past and applies that knowledge to the future...

Jul 8 News & Views July 2020 Edition Michael J. Kosares
Though rarely discussed, gold ownership has as much to do with personal philosophy and how we wish to conduct our lives as it does finance and economics. In many ways, it is a rational portfolio decision that suits the times, but it is also a lifestyle decision that provides some peace of mind no matter what happens with the pandemic, the latest mania on Wall Street, or the election-year machinations in Washington D.C. As Richard Russell, the now-deceased editor of the Dow Theory Letters once put it, “I still sleep better at night knowing that I hold some gold. If or when everything else falls apart, gold will still be unquestioned wealth.” In an article published in Vanity Fair magazine a few years ago, writer Matthew Hart captured in one short paragraph the essence of gold ownership...

Jul 8 China Comes Alive & Junior Miners Surge Stewart Thomson
6.) The Chinese stock market is one of my larger holdings and of course I recommend it for long-term investors. From the Corona crisis lows in March, the FXI has already outperformed both the US Dow and the Nasdaq. It now may be set to leave the debt-oriented markets of the West in the dust. 7.) If this performance of the Chinese stock market continues, love trade demand for gold will rise significantly, while the “Mad Max” nation of America descends deeper into the current state of debt worship, chaos, and pestilence horror. Sadly, the debt-obsessed US government blames everyone but themselves for the crisis...

Jul 8 Total Market Insanity: Toyota vs. Tesla SRSRocco
The present market insanity reminds me of the similar mentality of Americans right before the 1929 stock market crash and the pre-1999 Tech Bubble. However, the big difference today is that technology has destroyed the ability of investors to understand the meaning of VALUE. The notion that technology makes the world better fails the test of time, especially when you read Joesph Tainter’s book, The Collapse of Complex Societies. The new generation of millennials and even the baby-boomers have fallen HOOK, LINE, and SINKER for the glamour and glitter of technology. So, if we ask most Americans about our future energy predicament, their knee-jerk reply is that “Technology will solve all of our problems.” This is quite hilarious when, in fact, complex, sophisticated technology is a massive ENERGY BLACK HOLE. The more technology we throw at a problem, the more energy is consumed...

Jul 7 World Pushes Credit/Investments Into Risk Again, Part I Chris Vermeulen
Our researchers believe the global shift away from risk and into hot sectors are driving capital investments into a frenzy right now. It reminds us of the frenzy in the US in the late 1990s when housing, technology stocks, and credit expansion rolled into a frothing expansion phase – then burst suddenly in 1999. There were plenty of signs in 1997 and 1998 that the frenzy buying was a huge risk – but traders and consumers simply ignored the risks and kept buying. Similarly, this same type of bubble mentality happened in 2017 with Bitcoin. In less than 24 months, Bitcoin rallied from $370 in early 2016 to $19,666 near the end of 2017 – a massive 8000%+ rally. The similarities of the Bitcoin rally and the rally of the US stock market in the late 1990s is the mentality of the investors throughout these bubbles – the “no fear” mentality that it will keep going higher and higher...

Jul 7 Silver's Silver Lining: Triple Digit Silver Price? Mike Maloney
Does Mike Maloney believe the silver price will hit triple digits? Find in out today’s special video that focuses solely on silver and the tremendous possibilities ahead. Thanks for watching.

Jul 7 Scotiabank Leaves Precious Metals Market BMG Group Inc.
Nick Barisheff, president & CEO , BMG Group Inc., visits with Chris Powell, GATA to discuss Scotia's decision to leave the precious metals market, failure to deliver, Real Estate, GLD, SLV ETFs, the economy and more...

Jul 7 Peru’s 2020 Silver Production Down By One-Third Due to Lock-downs SRSRocco
The world’s second-largest silver producer saw its mine supply fall by one-third due to lockdowns stemming from the global contagion. When the Peru Ministry of Mines released its metals production figures last month for April, the country’s domestic silver mine supply fell by a stunning 74%. Then on July 3rd, Peru released its production figures for May. While the decline in Peru’s silver mine supply in May wasn’t as bad as April, it was still down 66% versus the same month last year. Peru’s silver production fell to 85 metric tons (mt) in April and 116 mt in May...

Jul 7 Nomi Prins – Living in a Permanent Distortion Greg Hunter
Three time best-selling book author Nomi Prins says long before the Covid 19 crisis, the global economy was faltering big time. The Fed stepped in with the start of massive money printing in late 2019 to save the day. Prins explains, “We were already in crisis mode as I mentioned at the end of my last book going into 2019. What did we see at the end of 2019? We saw this pivot, and I call it phase two. . . . Central banks had pivoted to easing mode. . . . Come September, October, November and December, the Fed is producing repo operations. Those are short-term lending operations that are supposed to be the purview of the banks . . . . The Fed is not supposed to get involved, but it did. The Fed had all kinds of excuses. It said it was not QE, but it was. . . . The debt at the end of 2019 for the world was three times GDP...

Jul 6 Gold RESET Breakout: on 10 Reasons Jim Willie
The entire global financial structure is in the process of faltering, breaking, and crumbling. It is better described as sabotage by the Globalist cabal in league with their fascist partners. As the entire economy fractures, as all debt faces failure, as most assets break down, as countless households struggle, the King Dollar faces a certain sunset, true safe haven will be uniformly sought. Correspondingly, the Gold price is ready to launch onward and upward. It will light the fuse on the Silver price in sequence. Demand will skyrocket, while supply has been limited. Behold the greatest fraud and hoax in the history of mankind behind the corona virus...

Jul 6 Silver & Gold Summer Doldrums 3 Adam Hamilton
 Like clockwork heading into most summers, gold starts drifting listlessly sideways. It often can’t make significant progress no matter what trends looked like heading into June, July, and August. As the days and weeks slowly pass, sentiment deteriorates markedly. Patience is gradually exhausted, supplanted with deep frustration. Plenty of traders capitulate, abandoning ship. June and Julies in particular are often desolate sentiment wastelands for the precious metals, devoid of recurring seasonal demand surges. Unlike most of the rest of the year, the summer months simply lack any major income-cycle or cultural drivers of outsized gold investment demand. Summer 2019 proved an exception on a major gold-bull breakout, and summer 2020 is looking like another on extreme Fed money printing...

Jul 6 GDX Cup & Handle: Higher Prices Ahead 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...

Jul 6 World’s Two Largest Silver Producers Mine Supply Cut Drastically In April SRSrocco
Currently, Peru lost 10.8 million oz, and Mexico cut 6.4 million oz of silver production for part of March and all of April. If they show approximately the same figures for May, these two countries will have lost 30-32 million oz of silver output, less than the 50 million oz that I forecasted in April. For whatever reason, Mexico didn’t shut down as many silver mines as Peru. I know many silver producers such as Pan American Silver, Endeavour Silver, First Majestic, and Fortuna Silver temporarily shut all their silver mines in Mexico. However, I did not see Fresnillo PLC announce any closures, and they are the largest silver producers in Mexico. Just last year, Fresnillo PLC produced 54.6 million oz of silver or nearly 30% of Mexico’s total mine supply in 2019. Regardless, I imagine other silver mines around the world were also shut down during April and May...

Jul 6 Wild Volatility Continues As US Markets Attempt To Establish New Trend C. Vermeulen
We’ve continued to attempt to warn investors of the risks ahead for the US and global markets by generating these research posts and by providing very clear data supporting our conclusions. Throughout the entire months of May and June, we’ve seen various economic data points report very mixed results – and in some cases, surprise numbers as a result of the deep economic collapse related to the COVID-19 virus event. This research post should help to clear things up going forward for most traders/investors. As technical traders, we attempt to digest these economic data factors into technical and price analysis while determining where and what to trade. We attempt to identify the “Best Asset Now” (BAN) for trading based on our proprietary technical analysis and predictive modeling tools. We also attempt to stay away from excessive risks in the markets. The reason we adopt this strategy is to...