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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...

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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...

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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...



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