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Michael Ballanger
A Midsummer Night's Dream: Buy Precious Metals
Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books. It began after I had been speaking with one of the finest brokers I had ever had the opportunity to know, Edmonton’s late George Milton, whose claim to fame was being the early financier for Bre-X (Not to worry, he and the bulk of his clients
Friday, August 18, 2017
Frank Shostak
Do Seasonal Adjustments Help Identify Business Cycles?
Various statistics that governments produce on a regular basis carry the label "seasonally adjusted". What is the meaning of this label? According to popular thinking the data that is observed over time (labelled as time series) is determined by four factors, which are:The trend factorThe cyclical factorThe seasonal factorThe irregular factorIt is accepted that the trend determines the general direction of the data over time, while the cyclical factor causes movements that are related to the bus
Friday, August 18, 2017
Przemyslaw Radomski CFA - SunshineProfits
EIA Weekly Report and Crude Oil
Although the EIA weekly report showed a larger-than-expected decline in crude oil inventories, the price of the commodity declined sharply after news that U.S. crude oil production increased. Thanks to these circumstances, light crude lost 1.62% and closed the day under important support. What does it mean for the black gold? Yesterday, the Energy Information Administration reported that crude oil inventories dropped by over 8.9 million barrels in the week ended Aug 11, easily beating expectatio
Friday, August 18, 2017
Bullion Vault
Gold Prices Advance towards Resistance on Weak Dollar and Cautious FOMC Minutes, Palladium Hits 16-Year High
GOLD PRICES rallied towards its resistance level this Thursday morning in London, while the US Dollar remained weak after rather dovish hints from Fed officials suggesting that the next rate hike may be further postponed, writes Steffen Grosshauser at BullionVault. Gold briefly touched $1289 per ounce before dropping back to $1286 failing to reach the resistance level of $1294 and the psychological barrier of $1300.  The metal started its rise from $1268 on Thursday after
Thursday, August 17, 2017
Mark O'Byrne - gold.ie
Must See Charts – Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since Nixon Ended Gold Standard
– Gold hedges massive ongoing devaluation of U.S. Dollar – 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video) – Savings destroyed by currency creation and now negative interest rates – Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living – $20 food and beverages basket of 1971 cost $120.17 in 2017 – Household items increased by average of 2000% and oil by 5,373% since 1913 – Gold gained 5,669% since 1913; by nearly 3,000% since 1971
Thursday, August 17, 2017
Przemyslaw Radomski CFA - SunshineProfits
Uncertainty Following Monday's Rally, Will SP 500 Continue Higher?
Briefly: Intraday trade: Our yesterday's neutral intraday outlook has proved accurate. The stock market continued to move sideways, as investors hesitated following Monday's rally. In our opinion, the S&P 500 is likely to move lower today, as investors may continue to take profits off the table following economic data releases, among others. Therefore, intraday short position is favored. Stop-loss is at the level of 2,480 or 5 points above yesterday's daily high. Potential profit target is at 2,
Thursday, August 17, 2017
Jeff Clark - GoldSilver
You Are Being Lied To About “Low” Gold Demand 
I don’t like to use inflammatory language, such as the title of this article, but the message from the mainstream media about gold demand is a lie misleading.Yes, coin purchases in North America are down compared to last year (a record-setting year, by the way). It’s been soft at a few other Mints as well, such as Perth.But Eagle and Kangaroo purchases aren’t the whole market. You and I don’t buy paper gold products, for example, but throw in demand from this part of the industry and a very diff
Thursday, August 17, 2017
Mish - Global Economic Analysis
Absurd Inflation Discussion by Fed Jackasses
Minutes of the July 25-26 FOMC Meeting show internal concern over the Fed’s inability to hit 2% inflation. I counted 89 instances of “inflation” and 79 instances of “2”. As sub-categories of 2, there were 27 instances of “2 percent” and eight instances of “below 2”. “Longer” came up 26 times. “Transitory”, a previous standout, only came up twice. “Idiosyncratic” a new buzzword courtesy of the Cleveland Fed, came up once. Transitory Beyond 2017, the forecast was little revised from the previou
Thursday, August 17, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Consolidates Awaiting FOMC Minutes
USAGOLD/Peter Grant/08-16-17 Gold is consolidating within yesterday’s range, awaiting the FOMC minutes from July’s Fed confab. Earlier tests of the downside were limited and short-lived and the yellow metal is now trading modestly higher on the day. It will be interesting to see if the level of concern about waning inflation pressures was elevated beyond that which was expressed in the July policy statement. I suspect that the minutes will do nothing to mitigate the expectation that the Fed is o
Wednesday, August 16, 2017
Sprott Money
The LBMA is a ploy of the Central Bank Community
This article is about the way the Central Bank Community manipulates the price of gold and the role of the LBMA within. We describe some of the signs that the Central Bank Community manipulate the price of gold and that they are using the LBMA to reach their goal. Is the manipulation of the gold price a classic case of Diffusion of responsibility because so many organizations are involved and avoid taking responsibility? Manipulation is a joint effort of the Central Bank Community The signs
Wednesday, August 16, 2017
Mish - Global Economic Analysis
Housing Starts Unexpectedly Sink, Multi-Family in Huge 34 Retreat Year-Over-Year
Construction spending for the second quarter is off to a slow start as judged by housing starts. The Econoday consensus was for a 1% rise. Instead, starts declined nearly 5% from the initial June report, now revised lower. Construction Indicators Slide Mortgage News Daily reports Construction Indicators Slide, Housing Starts Suffer. After posting unexpectedly high numbers in June, all three residential construction indicators lost ground in July, and one, housing starts, is now running below it
Wednesday, August 16, 2017
Przemyslaw Radomski CFA - SunshineProfits
GBP/USD after UK Jobs Report
Earlier today, the latest UK jobs report showed that the unemployment rate dropped to the lowest since 1975, which pushed the British pound higher against the greenback. Despite this improvement, currency bulls didn’t manage to hold gained levels, which resulted in a pullback. How low could GBP/USD go in the coming days? EUR/USD Looking at the charts, we see that EUR/USD moved sharply lower and slipped below the previously-broken 38.2% Fibonacci retracement and the 112.8% Fibonacci extensi
Wednesday, August 16, 2017
Michael Ballanger
Fanciful Fed Follies
Having just returned from boating in northern Georgian Bay and an area called The North Channel, I have been by and large out of contact with gold and silver prices since July 22 and am delighted to see that prices have stabilized after dipping in late Spring to under $1,210. Over the past month, the global stock markets have all danced around all-time highs with Dr. Copper forging a break-out above the $2.90 level, marking the highest close in two years. Amazon CEO Jeff Bezos briefly became the
Wednesday, August 16, 2017
Przemyslaw Radomski CFA - SunshineProfits
Sharp Decline in Crude Oil and Its Consequences
On Monday, official data showed that Chinese demand for crude oil declined in July, which together with a stronger U.S. dollar and concerns over a rise in OPEC output weighed on investors’ sentiment and pushed the price of the black gold lower. As a result, light crude lost 2.52% and closed the day below $48. How low could the commodity go in the coming days? Crude Oil’s Technical Picture Let’s take a closer look at the charts and find out (charts courtesy of http://stockcharts.com). Quoting
Wednesday, August 16, 2017
Mark O'Byrne - gold.ie
World’s Largest Hedge Fund Bridgewater Buys $68 Million of Gold ETF In Q2
– World’s largest hedge fund Bridgewater buys $68 million of gold ETF in Q2 – Investors poured $870 million into SPDR Gold in Q2 – Billionaire Paulson keeps 4.36 million shares in SPDR Gold – “Risks are now rising and do not appear appropriately priced in” – warns Dalio on Linkedin – Investors should avoid ETFs and paper gold and own physical gold – Given negative interest rates, companies should consider allocating some of corporate deposits to physical gold as done by Munich Re From Bloomberg
Wednesday, August 16, 2017
Andy Hoffman - Miles Franklin
Bitcoin Buying And Bullion Swaps-The Wisdom Of Experience
Alright, let’s start by getting the B.S. out of the way – of how stocks are rising, and bullion falling, due to the “diminished Korean threat.”  To start with, amidst supposed investor “terror” of nuclear Armageddon, the VIX, even at its most “terrifying” point, barely rose – whilst the stock market had exactly one bad day; during which, care of the PPT, the “Dow Jones Propaganda Average”  fell just 0.93%.  Conversely, the “safe-haven surge” into PMs produced exactly one violation of the gold Ca
Wednesday, August 16, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Retreats on Heightened Risk Appetite, but Finds Support
USAGOLD/Peter Grant/08-15-17 Gold came under additional corrective pressure in early U.S. trading, weighed by a further easing of geopolitical tensions, along with some better than expected U.S. economic data. While the yellow metal set new lows for the week, buying interest resurfaced well ahead of last week’s low. While North Korea may have walked back an imminent threat to Guam, I don’t believe anyone really thinks that the Korean crisis has been resolved. “Though North Korea is signaling its
Tuesday, August 15, 2017
Adrian Ash - Bullion Vault
N.Korea? Gold Prices More About Real Rates Than Ever
So the daily correlation data say at least... SO APPARENTLY, the latest pop and retreat in gold prices has all been about the nuclear stand-off between the US and North Korea, writes Adrian Ash at BullionVault. "Gold falls on rising risk appetite as N.Korea tensions ease," says Reuters. And fair enough. Trum
Tuesday, August 15, 2017
USA GOLD - USA Gold
Morning Snapshot: Gold comes under additional corrective pressure
USAGOLD/Peter Grant/08-15-17 Gold came under additional corrective pressure on diminished geopolitical risks and following better than expected retail sales data from July. However, price action remains confined to last week’s range. North Korea walked back its threat to launch missiles on the U.S. territory of Guam. Although North Korea is prepared for such an attack, they said they would watch what “the foolish Yankees” do before making a decision. U.S. retail sales rose 0.6% in in July, abov
Tuesday, August 15, 2017
Mish - Global Economic Analysis
Robot Caused Anxiety: Blame the Robots, Even for the Election
Robots are taking our jobs says the Brookings Institute. This causes “Robot Anxiety“, but not everywhere, just in the Red states that swung the election to Trump. Robots, it turns out, are congregating densely in some places but are hardly found in others. Specifically, the map makes clear that while industrial robots are by no means everywhere, they are clustered heavily in a short list of Midwestern and Southern manufacturing states, especially the upper Midwest. More than half of the nation
Monday, August 14, 2017
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