|
Jan
29
Welcome Back to the Real World David Brady
A quick word on today’s action in precious metals,
specifically Silver. The idea that a bunch of retail traders
could squeeze shorts in Silver on the COMEX futures market
like those in a microcap stock such as GameStop is ludicrous,
imho. The Silver market may be small, but the volumes traded
are far bigger than the market cap on GameStop. Second, the
shorts in GameStop were hedge funds. The shorts in Silver are
the Bullion Banks. They can create futures contracts at
will—and in almost unlimited amounts—and sell them into the
futures markets to drive down prices. A bunch of retail
traders have little or no chance against such volumes. The end
of the COMEX is far more likely to be driven by demand for the
physical metals than any raid on shorts, imho...
Jan
28
The Coming Revolt of the Middle Class Charles Hugh Smith
As I've often observed here, globalization and
financialization have richly rewarded the top 0.1% and the top
5% technocrat class that serves the New Nobility's interests.
Everyone else has been been reduced to debt-serfs and peasants
who now rely on lotteries and luck to get ahead: playing the
stock market casino or hoping their mortgaged house in an
urban sprawl on the Left or Right coasts doubles in value,
even as the entire value proposition for living in a congested
urban sprawl vanishes. America has no plan to reverse this
destructive tide of Neofeudal Pillage. Our leadership's "plan"
is benign neglect: just send a monthly stipend of bread and
circuses (the technocrat term is Universal Basic Income UBI)
to all the disempowered, decapitalized households, urban and
rural, so they can stay out of trouble and not bother the New
Nobility's pillaging of America and the planet...
Jan
28
I’m Tired of Being Cooped Up—and That is Why Silver is Going
to Soar Jeff Clark
Feeling cooped up? Tired of lockdowns and shutdowns and your
favorite restaurants being closed? Me, too. It feels like this
will last forever, but sooner or later things will begin to
reopen. It will be a new normal, and the process may be rocky,
but at some point broad economic activity will pick up steam.
And when the re-openings accelerate, I think the silver price
will, in short order, begin to spike, too. What is the
connection between re-openings and a higher silver price?
Here’s the link as I view it, see what you think...
Jan
28
How the Eurozone Affects Gold, and Why You Should Care
Przemyslaw Radomski
In our globalized economy, currency pairs have a negative
correlation with gold, so how does the current EUR/USD
situation impact the yellow metal? It pays to pay attention to
what is happening in Europe. As is well known, there are many
currency pairs in the world, but the most traded one is the
EUR/USD. How does that affect you as a gold investor? The
equation goes something like this: if the economy of the
Eurozone sinks and takes the EUR down with it, the USD rises –
and vice-versa. Gold, which is usually inversely related to
the dollar, will also either rise or decline based on the
latter’s behavior. Before we get to Europe though, let’s take
a look at what gold is currently doing...
Jan
28
Fourth Turning Detonation Jim Quinn
“I knew 2020 had the potential to be a chaotic year, but
didn’t anticipate a flu with a 99.7% survival rate being used
by totalitarian minded politicians to destroy the global
economy, usher in Orwellian police state lockdown measures
across the globe; a stock market crash followed by Fed created
bubbles still growing ever bubblier through $4 trillion of
money printing; adding $4 trillion to the national debt (with
another $3 trillion on the way in 2021); paying millions to
sit at home eating Cheetos and watching Netflix; destroying a
few hundred thousand small businesses while enriching
mega-corporations; putting a nail in the coffin of the 1st
Amendment through censorship of conservative speech; and
blatantly stealing a presidential election...
Jan
27
VIX and Defensive Sectors React To Perceived Trend Weakness
Chris Vermeulen
Since early November 2020, the VIX has continued to decline
and consolidate near the 22 level. Late in December 2020 and
beyond, the VIX started setting up series-high price spikes –
which indicates a flagging downside pattern is setting up. You
can see this setup across the recent VIX highs drawn in
MAGENTA on the chart below. Additionally, the VIX has
“stepped” higher – moving from lows near 19.50 to higher lows
near 21.00. This upward stepping base is indicative of a shift
in volatility...
Jan
27
The January FOMC and Gold Craig Hemke
Wednesday brings the conclusion of the first FOMC meeting in
2021. As usual, we'll get a summary at 2:00 pm EST followed by
a press conference with Chairman Powell at 2:30 EST. What will
he say, and what should we expect the impact to be on COMEX
gold and silver prices? For the obvious reasons, predicting
what the Fed may or may not say and do from meeting to meeting
is a fool's errand. I mean, how am I or anyone else outside of
the Fed's inner circle supposed to know what they'll do? But
they've given you some hints, so let's give it a shot anyway.
To that end, we can look at The Big Picture and begin to
formulate some ideas regarding the direction of Fed policy in
2021, and the statements that will follow on Wednesday may
begin to foreshadow a timeline for what lies ahead...
Technical Traders Wealth
Building Newsletter
Analysis, insight,
trades and long-term investments to dramatically
change your financial situation by reducing financial
stress. The next
market cycle if invested correctly will help you
retire financially free! |
Jan
27
SILJ: A Silver Mines ETF For Champions Stewart Thomson
21.) Double-click to enlarge this “ETF of champions” chart.
From my initial buy zone (created by the arrival of gold at
$1450 in March 2020), SILJ has been one of the world’s great
investments, and some of the component stocks look even
better! 22.) The arrival of gold at round number $2000 created
the “book partial profits” sell signal, and the consolidation
has taken the shape of a symmetrical triangle. 23.) A breakout
has occurred and the pullback to the triangle apex offers new
investors a chance to join the inflation-oriented silver stock
party. 24.) The current price is in the $14 area, which is a
sweet spot to board the silver mining stock train… before it
leaves the station loaded with rising CPI index fuel!...
Jan
27
If Markets are Overleveraged, What Does it Mean for Gold
Investors? P Radomski
Gold, silver, and miners all appear to be hesitating lately as
the USDX seeks direction. As we very well know, because gold
is more often than not inversely correlated to the USD, when
the dollar is in doubt and doesn’t know where to go, neither
does gold. But that’s not where the real news is. More
importantly, it’s the prospect of a market bubble forming that
should have investors concerned. Gold dipped slightly in
today’s morning trading and yesterday proved to be quite
uneventful. Even though the USD index did move a bit higher,
it seems that traders are not buying this week’s strength...
Jan
27
Dolly Varden Silver Rick Mills
ssss“Finding gold in the shadow of headframes” is an old
mining adage, meaning the best place to find new
mineralization is beside an existing mine. The saying is
particularly apropos of Dolly Varden Silver Corp (TSXV:DV,
OTC:DOLLF), a pure-play silver explorer working in British
Columbia’s famed Golden Triangle. The Vancouver company’s
signature Dolly Varden Project already hosts a high-grade
silver resource, and is considered prospective for more
discoveries, being on-trend with numerous other mines in the
vicinity. The property’s four historical deposits, mined in
the 1920’s and 1950’s, are in stratigraphy (rock layers)
analogous to Eskay Creek, a past producer, and Pretium
Resources’ Brucejack, a high-grade underground gold-silver
mine built on the edge of a glacier, about 25 kilometers north
of Stewart, a deep-water port...
Jan
27
Will Markets Crash in 2021? Mike Maloney
In today's video: “I do think that this year, there’s going to
be some tremendous market correction, I think that people are
going to start coming to the conclusion that they have to run
to safety. A lot of people think that the markets are so
manipulated by central banks that they can’t crash any more -
they’ll only go up. Well, why did they do such an enormous
pullback in March?”...
Jan
26
Russell 2000 ETF Initiates New Rally Trend Chris Vermeulen
As we can see in the chart below, the Russell 2000 has been
one of the top performers since just after the November 2020
elections. Originating a breakout trigger on November 3, near
$43.46, and confirming a “New High Breakout” on November 9,
near $51.37, the Russell 200 sector has been rallying very
strongly over the past 60+ days. The current “New Price High”
breakout suggests this rally may continue. Fibonacci price
extensions show a peak may target levels near $125~$130 –
nearly 20%+ higher than current prices. These sector trends
that initiated in early November 2020 are a result of capital
being deployed in sectors that are expected to benefit from
new policies, Q4:2020 earnings, and renewed investor interest
in 2021. Billions in capital have been...
Jan
26
Gold And Silver Are Looking Bullish Dave Kranzler
I believe that there’s a relatively high probability of
another big move in the precious metals sector is coming. The
charts of gold and silver are starting to look bullish again
after the sharp sell-off in the sector that started on January
5th. This technical back-drop is supported by the incoming
Presidential administration’s professed willingness to
accelerate the level of Federal deficit spending, something
which can only be facilitated by a large increase in the Fed’s
money printing agenda which currently stands at $120 billion
per month...
Jan
26
Silver 2021 Price Predictions and 5-Year Forecast Jeff
Clark
Now that the Democrats control all three branches of
government, currency printing is sure to continue, and fiscal
spending is certain to jump. Both of these things will have a
direct impact on the silver price. As Mike Maloney has said,
there is no vaccine for the coming monetary crisis. The only
way he’ll be wrong about silver and gold is if they stop
printing—and that won’t happen anytime soon. Austerity is
completely off the radar in the world we live in right now.
This is a built-in catalyst for higher silver prices. Because
of this, my most confident prediction is that over the next
few years, possibly longer, the silver price is going to...
Jan
26
Captain Biden now piloting MMT Adventure Rick Mills
Biden, despite claiming otherwise, believes strongly in the
power of the state to tax and spend, and will face
overwhelming pressure from the left wing of the Democratic
Party – supporters of hard-left progressives like Elizabeth
Warren, Alexandria Ocasio-Cortez and Bernie Sanders – to toe
the party line. A long wish list waits to be filled, with
little to no concern regarding the already out of control $28
billion national debt, courtesy of Modern Monetary Theory, or
MMT. MMT is a new way of approaching the US federal budget
that is both unconventional and absurd. It posits that rather
than obsessing about how large the debt has grown and the
ongoing annual deficits that fuel debt, we should focus on
spending, specifically, how the government can target certain
spending programs that will cause minimal inflation...
Jan
26
After Your Recent High - Where to Now, Gold?
Przemysław Radomski
Gold is suffering a hang-over after it’s early January highs,
while the EUR/USD pair is buckling - so when gold declines,
where will its bottom be? After injecting itself with Janet
Yellen’s stimulus sentiment, gold came down from its highs on
Friday (Jan. 22). And like the GDX ETF, it’s important to put
gold’s recent run into context. For starters, gold is still
trading below its August declining resistance line, it topped
at its triangle-vertex-based reversal point (which I warned
about previously) and the yellow metal remains well-off its
January highs...
Jan
26
Flying Blind James Howard Kunstler
If you think we’re headed into a transhuman nirvana of
continuous tech-assisted orgasm, social equity, and guaranteed
basic income, you are going to be disappointed. Our actual
destination is a neo-medieval time-out from all the
techno-dazzle of recent decades. It’s not as bad as you might
think. The human project will continue at a lower pitch,
probably for a good long while, but minus most of the comforts
and conveniences we’re used to, and with very different social
arrangements. You can waste your energy hand-wringing and
wailing over all this, or summon the fortitude to go where
history is taking us and make something of it. The old economy
is wrecked. Many Americans already know this because they’ve
lost their businesses and their livelihoods. What used to be
there isn’t coming back. But there will always be ways to make
yourself useful providing things and services that other
people need...
Jan
25
Technology & Energy Sectors Are Hot – Are You Missing Out?
Chris Vermeulen
We have seen some really big moves in various S&P sectors over
the past 60+ days and these trends look like they may continue
for a while. Near the end of 2020, in October and November,
the markets seemed to stall a bit before the US elections, but
they have really started to trend much higher over the past
60+ days. Technology and Energy seem to be leading the charge
in some respects. The most important thing for traders is to
find decent breakout trends in stocks and sectors that have a
real potential for strong continued trending. When we find
these types of longer-term trends, we can scale in and out of
the typical up/down price trends, over time, to generate some
incredible returns...
Jan
25
Weekend Gold Forecast January 24, 2021 GoldPredict
As investors, we need to remain laser-focused on the big
picture. I believe gold started a new 10-year advance in 2018
(similar to 2001). I expect a continued rise into 2028 with
occasional pullbacks (like now) that should be bought
aggressively. I have a minimum target of $8500. However, I
think gold will well exceed that price objective. At some
point, probably in 2027 or 2028, I expect precious metals to
enter a parabolic bubble. During that phase of the bull
market, prices will rise day-after-day and month-after-month
without stopping. The rise will likely be due to a collapse in
confidence regarding government securities and dollar
devaluation. My goal as an investor is to accumulate as many
hard assets as possible leading into that bubble...
Jan
25
The Silver Shorts’ Last Stand? Ted Butler
I started calculating the financial plight of the 8 big shorts
in COMEX gold and silver on a twice-weekly basis around June
2019. That’s when gold moved higher. The big shorts had added
quite aggressively to short positions early in the move and
when gold rose $100, the big shorts were out $2.2 billion. As
gold rose, the big shorts kept getting deeper and deeper into
a financial hole. From the end of the third quarter of 2019
when the 8 big shorts were underwater by $2.4 billion, the
losses have progressively worsened over the five subsequent
quarters to yearend 2020, when the combined loss hit $14
billion. The drastic turn in the financial fortunes for the 8
big shorts is not the only change that has occurred since the
summer of 2019. A development I believe may be just as
important, is the...
Jan
25
Nick Barisheff – Alternate Investments – Gold and Silver
Jacqueline Louie
Ask Nick Barisheff, a Canadian authority on gold bullion, and
he’ll tell you it’s gold. “Gold is not some simple commodity,
and it’s not some archaic relic. It’s been money for close to
5,000 years,” says Barisheff, founder and CEO of Toronto based
BMG Group, a Toronto-based precious metals investment company
with customers around the world. Today, Barisheff asserts,
gold is more relevant than ever. “The value of money is
depreciating. The only thing you can measure the value of
money against is gold and silver.” In recent years, the U.S.
Federal Reserve has been printing more and more money,
particularly in 2020, Barisheff points out...
Jan
25
Why You Shouldn’t Get Excited About Gold’s Mini-Rally
Przemysław Radomski
Gold seems to be sleeping off its latest mini-rally and lacks
the momentum to reach new highs. What happens from here? Has
the USD bottomed? And what does it mean when we factor in the
EUR/USD pair and poor economic indicators from Europe into the
equation? Not much happened yesterday (Jan. 21), but what
happened was relatively informative. And by “relatively” I
mean literally just that. Gold moved lower yesterday and in
today’s pre-market trading, doing so despite another small
move lower in the USD Index. The moves are not big, but they
are meaningful. They show that gold’s inauguration-day rally
was likely a temporary blip on the radar screen instead of
being a game-changer...
Jan
25
Rough Ridin’ with Biden James Howard Kunstler
Nothing else is resolved about the national drift toward the
Niagara of woe just downstream of here. Mr. Biden couldn’t
have asked for trouble more loudly on Day One than by shutting
down deportations of foreign nationals here illegally and
signaling an open borders policy. The legions of newly
unemployed and financially ruined US small business owners and
workers may take a dim view of that. Rent and mortgage
moratoria are extended as far ahead as June, as if landlords
and mortgage-lenders don’t need to be paid to keep the banking
system running. The new president has promised further, and
even more severe, Covid-19 lockdowns. The Democratic Party
apparently wants to utterly destroy what’s left of the real
on-the-ground economy. No incoming US president has gotten off
to a more feckless and ill-fated start...
Jan
25
Gold & Silver Miners: Key Candlesticks Now 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. SGS Key Charts, Signals, & Video Analysis; SG60
Key Charts, Signals, & Video Analysis; SGT Key Charts,
Signals, & Video Analysis; SGJ Key Charts, Signals, & Video
Analysis...
|