| |
 | Michael Pento - Delta Global Advisors |
| Four Percent 10-year Note Yield Will Be a Floor No... |
| The two most important factors in determining the level of sovereign bond yields are the credit and inflation risks extant within a nation. When determining a country’s ability to service its debt investors must analyze not only the absolute debt level, but also the ratios of debt and deficits to GDP. In addition, the current rate of inflation must also be viewed within the context of debt in order to make an accurate assumption as to the level of future inflation.
When analyzing historical measWednesday, February 21, 2018 |
|
 | Bob Hoye - Institutional Advisors |
| 10-Year Yields Move into Overbought Territory |
| The rise in Treasury Bond yields that started following our signal in July 2016 has come in two waves. The first produced overbought readings into December 2016 and was followed by a drift lower through September. Since then they have moved higher, gaining momentum in the last five weeks as 10-Year yields reached 2.8%. This has produced overbought Exhaustion Alerts and Sequential 9 Sell Setups in the daily and weekly charts. Such 'Signs of Strength' coming out of a consolidation pattern are geneFriday, February 16, 2018 |
|
| Bob Hoye - Institutional Advisors |
| Oversold XLE into Seasonal Low |
| We reported on the upside Exhaustion Alert in the big cap oils (XLE) on January 11th, anticipating a pullback into the normal seasonal low in February with the possibility of two legs to the downside. Prices continued higher for another ten days, but with bearish divergences in the money flow oscillators. Needless to say, the break has been more than normal. Downside Capitulation Alerts have been generated as of Friday. These follow a daily Sequential 9 Buy Setup. A 40% to 50% retracement of theFriday, February 16, 2018 |
|
 | Michael Ballanger |
| Groundhog Week |
| In the "I hate to say I-told-you-so" category, it looks like the Punxsutawney Phil came out of his den last week, took one look at the state of the global stock markets, and decided to go back to bed for six years. One short week after I posted "Never Underestimate the Replacement Power of Equities Within a (HYPER) Inflationary Spiral," complete with a chart with five smiling faces of those that would be responsible for "Dow 25,800," we have lost a very quick 2,000 Dow points and 105 for the S&PFriday, February 9, 2018 |
|
 | Jesse - Le Cafe Américain |
| Blue Monday - |
| "It was a time of terrible suffering. The contradictions were so obvious that it didn’t take a very bright person to realize something was terribly wrong. And people blamed themselves, not the system. They felt they had been at fault. People who were independent, who thought they were masters and mistresses of their lives, were all of a sudden dependent on others. Relatives or relief. People of pride went into shock and sanitoriums. My mother was one.
What I learned during the Depression chaTuesday, February 6, 2018 |
|
 | Chris Powell - GATA |
| Gold's revaluation is 'just a matter of time,' but then so is everything else |
| Our friend P.C. writes:
"As a long-time GATA follower, I fully subscribe to the understanding that markets generally, and particularly the precious metal markets, are controlled to keep international exchange and trade 'stable' and maintain 'Western' market wealth. But I have a question you may be able to answer.
"If the major players in the futures and paper markets are able to contain prices with impunity, who is on the buying side who can compete? Why is there such volatility and any upward mSunday, January 28, 2018 |
|
 | FOFOA - FoFOA |
| Happy New Year! |
| 2018
Year of the POP
If you'd like to read "Year of the POP", I'm sure you can guess where it can be found. ;D
At the Speakeasy, we discuss things like bullion, bitcoin, bubbles, banking, and much much more. As I did in Nine, at the ninth anniversary of this blog, and back in May at the second anniversary of the new Speakeasy, I have started a new tradition of sharing samples from the Speakeasy here. For this one, I picked a fun post from back in August. It's about the coat-check room view oTuesday, January 2, 2018 |
|
| Michael Ballanger |
 Cryptojunkies: Beware the Ides of December |
| It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial traders. The weekly COT for that week showed an aggregate short position of a miniscule 2,911 contracts down from the earlier highs of over 300,000 contracts. About six weeks later, despite the earlier bottom in gold, the HUI (NYSE ArTuesday, December 12, 2017 |
|
 | Mish - Global Economic Analysis |
| Six Ways US Stocks Most Overvalued in History |
| US large cap stocks are the most overvalued in history. Let's investigate six ways.Crescat Capital claims US large cap stocks are the most overvalued in history, higher than prior speculative mania market peaks in 1929 and 2000.
Their 25-page presentation makes a compelling case, with numerous charts. It's worth your time to download and investigate the report.
Six Ways Socks Most Overvalued in History
Price to Sales
Price to Book
Enterprise Value to Sales
Enterprise Value to EBITDA
Price to EMonday, December 11, 2017 |
|
 | Nelson Hultberg - AFR.org |
Nietzsche, Trump, and the Political Left  |
| The German philosopher, Friedrich Nietzsche, warned us back in the 19th century with his famous theme, the “Transvaluation of Values.” An ominous world dictatorship was coming where good would become evil, and evil good. Freedom would be thought of as slavery, and slavery would become freedom.
He “boldly prophesied that power politics and vicious wars were in store for the future. What he sensed was an approaching period of nihilism, the seeds of which had already been sown.” [1]
Ironically, eveSunday, November 5, 2017 |
|
| Sprott Money |
| “Party Like It’s 1999” (or 2008 or 1987 or 1929) - Dave Kranzler |
| To paraphrase the highly regarded fund manager and notable
bear, John Hussman, you can look like an idiot before a Bubble pops or
after it’s popped.
I guess I’m squarely in the camp of looking like an idiot before the
bubble pops. I might watch “The Big Short Again” for some “moral
fortitude.” With history’s stamp of approval on my side, all I can do is
shake my head and chuckle. As soon as the Dow crossed over 23,000 on
Wednesday, the “experts” on bubblevision began speculating how longThursday, October 26, 2017 |
|
 | Mike Maloney - Goldsilver |
| Alarm Bells Ringing for Stock Markets |
| Are we overdue for the “Big One”? It seems everyone is buying stocks again. And no one is interested in precious metals. Mike Maloney believes we may have reached capitulation. To brush up on all the reasons why this bull market in stocks can't last, watch the Everything Bubble.Tuesday, October 10, 2017 |
|
 | Keith Weiner - Monetary Metals |
| Bitcoin, Gold and Silver Report 30 July 2017 |
| That’s it. It’s the final straw. One of the alternative investing newsletters had a headline that screamed, “Bitcoin Is About to Soar, But You Must Act by August 1 to Get In”. It was missing only the call to action “call 1-800-BIT-COIN now! That number again is 800 B.I.T..C.O.I.N.”
Is it about to go up? Maybe. We don’t know. And everyone should by now be skeptical of all “rocket to take off on XYZ date” claims. Between them, surely these newsletters have predicted thousands of the past zero blasMonday, July 31, 2017 |
|
 | Clive Maund |
| Silver Green Alert - One of the Best Buying Opportunities for Years... |
| There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally duMonday, July 24, 2017 |
|
| Keith Weiner - Monetary Metals |
| Against Irredeemable Paper, Report 23 July 2017 |
| Something needs to be said. We are against the existence of irredeemable paper currency, central banking and central planning, cronyism, socialized losses and privatized gains, counterfeit credit, wealth transfers and bailouts, and welfare both corporate and personal.
When we write to debunk the conspiracy theories that say manipulation is keeping gold from hitting $5,000 (one speaker here at FreedomFest claimed gold will go to $65,000), we are not trying to defend the Fed. When we discuss the fSunday, July 23, 2017 |
|
 | Florian Grummes - The Silver GoldSpot |
| The Midas Touch Consulting Report - 07/17/2017 |
| The Midas Touch Consulting Report
17th of July 2017
Market Update
It´s been a couple of tough days when silver experienced a flash crash and gold moved below its 200MA at 1,235 USD. But the incredible pessimism among basically all precious metals investors and analysts was a great contrarian signal.
Now gold and silver already do look better and I believe we might be right at the beginning of a multi-month bull run that could take gold towards 1,500 USD and silver towards 26,00 USD.
While theWednesday, July 19, 2017 |
|
| Sprott Money |
| Stockholm Syndrome Gold Report - Keith Weiner |
| Stockholm Syndrome is defined as “…a condition
that causes hostages to develop a psychological alliance with their captors as
a survival strategy during captivity.” While observers would expect kidnapping
victims to fear and loathe the gang who imprison and threaten them, the reality
is that some don’t.
There is a loose analogy between being held hostage and
being an investor in a regime of irredeemable paper currency and zero interest
rates. In both cases, the victim has little hope of escape aMonday, July 17, 2017 |
|
| Clive Maund |
PRECIOUS METALS SECTOR update - the BIGGEST OPPORTUNITY SINCE LATE 2015, and the LAST CHANCE AT THESE PRICES...  |
| We’ve had to wait 18 months for an opportunity as big as the one we saw late in 2015 to appear again in the Precious Metals sector. “Wait a minute”, I hear you say, “prices were generally lower back then at that low than they are now, so how can it be as big an opportunity, as leverage is reduced?”. Here are the reasons, one technical, the other fundamental. When prices rose out of the late 2015 low, which was the Head of the Head-and-Shoulders bottom shown to advantage on the 10-year chart forSunday, July 16, 2017 |
|
| Sprott Money |
| Gold and Silver Capitulation Report - Keith Weiner |
| The big news this week was the flash crash in silver late on
6 July. We will publish a separate
forensic analysis of this, as there is a lot to say and see.
It’s hard to tell—we don’t have the tools to measure such a
thing—but it seems like the hype and aggression from the gold bugs and
conspiracy theorists is reaching a fever pitch. For example, one high-profile
commentator, whose reputation goes way beyond the world of gold, claimed that
1.8 million ounces of gold were sold in a few seconds oMonday, July 10, 2017 |
|
| Mish - Global Economic Analysis |
| Governor Rauner Screws Illinois |
| Illinois governor Bruce Rauner caved in on tax hikes and got absolutely nothing in return.
A blistering Wall Street Journal editorial, The Illinois Capitulation, has the sorry details.
Bruce Rauner spent a chunk of his personal fortune running for Governor in 2014 to save Illinois from its tax-and-spend political class. More than two years later it looks like the former private equity star has made better investments.
On Tuesday evening the Governor with the worst job in America explained why heThursday, June 22, 2017 |
|
|
