Relief Rally in Gold Mining Stocks

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    In recent days the gold stocks (GDX, GDXJ) traded within 1% of our downside targets of GDX $21.00 and GDXJ $29.50. Last week we wrote: “the miners are getting oversold and a bounce could begin from those levels.” GDXJ troughed first last week at $29.84 while GDX printed a low of $21.27 on […]

Government Loses $21 Trillion….Yes….$21 Trillion

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Just when you reach the point where you think there’s nothing left out of government that can still surprise you, news breaks that they’ve lost $21 trillion. Yes. You heard that correctly. $21 trillion. Not $21 million, or $21 billion. But $21 trillion. Michigan State PhD economist Dr. Mark Skidmore and economist Catherine Austin Fitts […]

Flash Update (12/15)

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This 7-page flash update was published and emailed to subscribers Friday morning. It was also posted to the website. The update covers the recent rebound in the gold stocks, how far it could run, the outlook for Fed policy and when a fundamental catalyst for Gold is more likely to emerge.   Source: The Daily […]

Stocks, Gold and Crude Oil Long Term Pattern Predictions

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… The green arrows are 10 years long. Peaks indicated are in 1987, 2007, and potentially 2017. The pause in 1997 was not a top because the market rally extended into early 2000. The current peak in 2017 could also extend, but valuation and timing indicators show high risk. When the monthly RSI (timing indicator […]

Interview with Korelin Economics Report: Technical Commentary

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Jordan Roy-Byrne, Editor of The Daily Gold shares some updated thoughts on the metals sector that is actually positive. He points to how oversold the sector got as a sign that we could be in for a better couple months. Click Here to Learn More About & Subscribe to our Premium Service   Source: The […]

French Banks are Much More Dangerous than American Banks

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The French like to denounce American capitalism and mock its excesses and instability, especially in the financial sector. The last financial crisis – the sub-primes, in 2008 – came indeed from the United States, and such an event seems unthinkable in France, so proud of its “universal banks” and its regulatory instances. Nevertheless, when one […]

Gold versus cryptocurrencies such as bitcoin? Experts have their say

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The explosive spike in the price of bitcoin has put the leading cryptocurrency front and centre in the minds of alternative asset investors.   It’s led to some commentators concluding that the digital asset is replacing gold as a hedge against inflation and as insurance in the event of disaster. While opinions expressed about the future […]

Fed Closes Year with Interest Rate Hike

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As predicted by virtually everybody, even itself, the United States Federal Reserve lifted its benchmark interest rate by 0.25 to a maximum 1.5% at its December meeting. While offering perhaps its most positive assessment of the US economy in a decade, the Federal Open Market Committee (FOMC) struck a relatively cautious tone for next year, […]

2018 Inflation 'Concerns' See Gold Price Rally Before Fed Rate Rise

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GOLD PRICES rallied $10 per ounce from yesterday’s fresh 5-month lows against the Dollar in Asian trade Wednesday, only to lose half that bounce in London as traders looked to today’s key US monetary policy decision from the Federal Reserve.   With US inflation data due later on Wednesday, just before the US Fed’s widely-expected […]

Why gold has a role in every portfolio

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Some investors are averse to gold because, as Warren Buffett argues, it is an unproductive asset. Whereas equities and property can be useful and provide a return, gold “doesn’t do anything but sit there” and consequently has little inherent value, from Buffett’s point of view. The World Gold Council, however, says investment demand for gold […]

Sell Cryptos – Buy Gold

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During the 2006-9 financial crisis, a collapse of the global financial system was avoided by massive money printing, guarantees and allowing banks to value assets at cost rather than market, as well as a panic lowering of interest rates from as high as 6% in the US to zero or negative. Bonds issued by eight […]

Price of Gold Bars Rallies with 'Tail Risks' as ETFs Expand, China Fears US-N.Korea Strike, Trumps Moves Israel Embassy

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GOLD BARS rallied from yesterday’s 9-week low in Asian and London trade Wednesday as global equities slipped with commodity prices amid rising tensions over Washington’s policies in both the Middle East and towards rogue state North Korea.   A Chinese state-run newspaper today gave readers near the border with North Korea a page of “common […]

The Wizard of Oz – 2017 Version

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Frank Baum wrote “The Wonderful Wizard of Oz” over a century ago. The story charms readers on several levels. The books and movie have been exceptionally popular. This interpretation describes the symbolism: Emerald City: Greenbacks – paper money Yellow Brick Road: The gold standard backing money Dorothy’s Silver Slippers: Silver standard backing money (changed to […]