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Wednesday, May 18, 2016

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The Important Geopolitical News That You’re Not Being Told

Posted: 18 May 2016 12:30 PM PDT

There’s something you’re not being told…  

The post The Important Geopolitical News That You’re Not Being Told appeared first on Silver Doctors.

Silver Wheaton: More Reasons To Go Long

Posted: 18 May 2016 12:02 PM PDT

Illegals Dwarf American Households in Welfare: “Obama Seeking $17K For Every Illegal Minor”

Posted: 18 May 2016 12:00 PM PDT

For traditional American families, it is a double blow to an economy that has forced many citizens on welfare as well while they watch good jobs slip away.   2016 Silver Shield Silver Trump at SD Bullion Submitted by Mac Slavo: Who exactly is the burdensome, broken and disturbingly unsensible welfare system being run for? […]

The post Illegals Dwarf American Households in Welfare: "Obama Seeking $17K For Every Illegal Minor" appeared first on Silver Doctors.

Legendary Gold Trader Jim Sinclair Says Gold Headed to $50,000/oz! Here’s Why…

Posted: 18 May 2016 11:30 AM PDT

According to Legendary gold trader Jim Sinclair, The real gold show is only starting…   From Jim Sinclair: Legendary gold trader Jim Sinclair shocked the precious metals community Friday by publicly stating that the US will be Cypruss’d, the current take-down in gold & silver is a last-ditch can kicking attempt by the bullion banking […]

The post Legendary Gold Trader Jim Sinclair Says Gold Headed to $50,000/oz! Here’s Why… appeared first on Silver Doctors.

A Heretic: Why Was Warren Buffet Forced to Dump 129 Million Oz of Silver?

Posted: 18 May 2016 11:01 AM PDT

Warren Buffet bought about 129 million oz of silver at $3.50 to $4 an ounce around 2002-2003.   JPM helped him with this purchase. He was forced to dishoard at around $6 an ounce and by 2007 silver was up to $17. This forced sale was demanded because he found that he made the same […]

The post A Heretic: Why Was Warren Buffet Forced to Dump 129 Million Oz of Silver? appeared first on Silver Doctors.

Gold & Silver Demand & A Loss in Confidence in the Dollar

Posted: 18 May 2016 11:00 AM PDT

We continue to read stories of the "loss of confidence in central banks." We may not know the last detail of what that will look like—when it occurs one day. However, we will wager an ounce of fine gold against a soggy dollar bill that it will not look like today with the market bidding […]

The post Gold & Silver Demand & A Loss in Confidence in the Dollar appeared first on Silver Doctors.

5 Charts That Blow Up the Status Quo

Posted: 18 May 2016 10:00 AM PDT

These 5 Charts absolutely BLOW UP the Status Quo:   Buy 2016 Silver Maples Lowest Price Ever!   Submitted by Charles Hugh Smith: The promises made when there were 7 workers for every retiree cannot be kept when there are only 2 workers for every retiree. In an auto-mechanic analogy, the Powers That be are […]

The post 5 Charts That Blow Up the Status Quo appeared first on Silver Doctors.

The US Economy Is Rapidly Deteriorating Even As The Stock Market Soars

Posted: 18 May 2016 09:00 AM PDT

The market surge in the spring of 2008 was just a mirage, and it masked rapidly declining economic fundamentals.  Well, the exact same thing is happening right now:   Submitted by Michael Snyder: We have seen this story before, and it never ends well.  From mid-March until early May 2008, a vigorous stock market rally […]

The post The US Economy Is Rapidly Deteriorating Even As The Stock Market Soars appeared first on Silver Doctors.

Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption

Posted: 18 May 2016 08:30 AM PDT

It's so bad, even the critters in Congress are disgusted by it:   Submitted by Michael Krieger: Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures' Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington. It details the secretive world of the dark money groups representing mercenary hedge […]

The post Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.'s Culture of Corruption appeared first on Silver Doctors.

DEATH By Gold – Jim Willie

Posted: 18 May 2016 07:45 AM PDT

Will the US Petrodollar end this summer? China is preparing an EXECUTION…   Jim Willie joins us for a riveting 90+ minute explosive interview about the implosion of the Western financial empire and the rise of the Eurasian empire. Could the US Petrodollar end this summer? From TruNews: Jim Willie | Dollar Death by Gold Download MP3 […]

The post DEATH By Gold – Jim Willie appeared first on Silver Doctors.

Gold Short term decision arriving for direction into June

Posted: 18 May 2016 07:22 AM PDT

Commodity Trader

April CPI and Gold

Posted: 18 May 2016 07:21 AM PDT

SunshineProfits

Silver Smashed Under $17 On COMEX Open

Posted: 18 May 2016 06:26 AM PDT

The Commercial short position isn’t at all-time record levels for nothing…   Silver smashed below $17 as COMEX opens on no news:    Gold only down $8 to $1268, but undoubtedly the cartel would love to see the royal metal back below $1250: Yesterday, Our good friend Craig Hemke broke down the EPIC BATTLE on […]

The post Silver Smashed Under $17 On COMEX Open appeared first on Silver Doctors.

Legendary Investor George Soros Takes Massive Gold Position, Fears of a Crisis Grow - Nathan McDonald

Posted: 17 May 2016 11:00 PM PDT

Sprott Money

Peter Daniels Talks On "Gold" Part 2

Posted: 17 May 2016 03:00 PM PDT

Anglo Far East

Interview with WallStreetforMainStreet

Posted: 17 May 2016 09:55 AM PDT

Today, Jason Burack of WallStforMainSt interviewed us. It was a long interview and we discussed many topics related to Gold and gold stocks.

 

Misreading the CoTs, Again

Posted: 06 May 2016 01:00 PM PDT

Nearly two months ago I published a video in which I discussed conventional CoT analysis and the mistake many investors might make assuming Gold and gold stocks would undergo a big correction. The fact is a bull market that follows a nasty bear usually stays very overbought throughout its first year and therefore sentiment indicators remain in bullish territory. As a result of the primary trend change, conventional CoT analysis fails and requires an adjustment. Today we look at the Gold and Silver CoT's while harping on a few of the mistakes people are making.

The first mistake people are making (and I've seen this quite a bit recently) is painting the commercial traders as smart money. This completely mischaracterizes that group. Commercial hedgers are the users, producers or consumers of the commodity. They are using the futures market to hedge in some way. As Steve Saville writes in his explanation of the CoTs, the commercials usually do not bet on price direction. Generally speaking they tend to fade the trend while speculators drive or follow the trend. Risk certainly rises for bulls when speculators increase long positions aggressively and we should be aware of that. However, we should look beyond nominal figures to get a better reading of the degree of speculation.

The second mistake is looking at the CoT's in only nominal terms and not as a percentage of open interest. The nominal net speculative position in Silver is at an all time high, which sounds scary. However, as a percentage of open interest the net speculative position is nowhere close to an all time high.

In the chart below we plot Silver and its speculative position as a percentage of open interest. The current position is 45.7%, which is nowhere near the all-time highs seen in 2002 and 2004 of nearly 75%. Also note how the net speculative position does not tell us anything about the primary or long-term trend. Speculators were most bullish in 2002 and 2004 just after the start of a secular bull market. Speculators were least bullish in 2013. Silver bounced but continued to make new lows for a few more years!

May62016SilverCoT

Silver & Silver CoT

 

When considering open interest, Gold's primary trend change has been confirmed yet the net speculative position in Gold is much closer to extremes than Silver's. Take a look at the chart below and note the huge increases in open interest that immediately followed the lows in 2001, late 2008 and late 2015. A rise in open interest confirmed the trend change at those points. As of Tuesday, the net speculative position in Gold was 52.1%. Note that from 2003 to 2012 the net speculative position often peaked at 55% to 60%. Keep in mind, we do not know if Gold's next peak will be at 55% or even 70%.  

May62016GoldCoT

Gold CoT

 

Overall, the CoT is one of a handful of tools we use and we learned how to interpret and analyze it the hard way. Remember, the speculators drive the trend and it's best to judge their position in terms of open interest. I do not see anything in the CoTs or price action of the metals or the miners that says they are about to endure a large correction. That will change at somepoint but for now weakness or consolidation is a buying opportunity. Consider learning more about our premium service including our favorite junior miners which we expect to outperform in 2016.

 

Jordan Roy-Byrne, CMT

Jordan@TheDailyGold.com

 

This Is How Bad It Really Is!

Posted: 06 May 2016 04:35 AM PDT

Silver Price Forecast: The 1929 Dow crash marked the start of the infamous Great Depression. We currently have a repeat of the pattern that led to that great crash in 1929. This pattern is basically a huge stock market rally (after a period of stagnation) that is driven by a huge expansion of the money…

Gold Price Drifting Lower after Key Reversal

Posted: 05 May 2016 04:05 PM PDT

Puerto Rico Bonds – Is this Only the First Bomb to Drop?

Posted: 05 May 2016 08:10 AM PDT

Puerto Rico Bonds - Is this Only the First Bomb to Drop?

Puerto Rico Bonds - Is it the first bomb to drop in the Bond Bubble Collapse Michael Pento predicted in an earlier interview here on >www.preciousmetalsinvesting.com. Michael Predicted this in his book "The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market."
In this interview Ted Sudol talks with Paul Mladjenovic, author of Stock Investing for Dummies about the big story in the news - the Puerto Rico Bond Default. We have been hearing rumblings about the possible debt default in Puerto Rico but we have also been hearing about other posible defaults. Atlantic City, New Jersey is almost out of cash and near default. When the casinos first came into Atlantic City and cash was flowing in to government coffers it was spent lavishly. When the economics turned down the government expenditures continued to outstrip the money coming in. The formula for a default is all to common and easily recognized. Spending that outstrips revenue coming in. Since politicians like spending money and telling all of their constituents they can have everything the die is cast. Politicians keep kicking the can down the road for someone else to solve the problem and meanwhile the debt keeps growing.

Puerto Rico Bond Default - Is it the first bomb to drop in the Bond Bubble Collapse Michael Pento predicted in an earlier interview here on http://www.preciousmetalsinvesting.com. Michael Predicted this in his book "The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market."
In this interview Ted Sudol talks with Paul Mladjenovic, author of Stock Investing for Dummies about the big story in the news - the Puerto Rico Debt Default. We have been hearing rumblings about the possible debt default in Puerto Rico but we have also been hearing about other posible defaults. Atlantic City, New Jersey is almost out of cash and near default. When the casinos first came into Atlantic City and cash was flowing in to government coffers it was spent lavishly. When the economics turned down the government expenditures continued to outstrip the money coming in. The formula for a default is all to common and easily recognized. Spending that outstrips revenue coming in. Since politicians like spending money and telling all of their constituents they can have everything the die is cast. Politicians keep kicking the can down the road for someone else to solve the problem and meanwhile the debt keeps growing. We learn of lots of other potential defaults in the news. Atlantic City, New Jersey is running out of cash and facing default. What happened here? When tha casinos first came in the money was flowing in to government coffers. Did they save any for a cushion. No like most politicians they spent like drunken sailors and when the bill due they kicked the can down the road for others to clean up their mess. Does this sound like a familiar story? Unfortunately yes! When the debt burden becomes too much to bear the inevitable almost always occurs - default.
We hear that Greece may be facing a default this summer, Detroit may face bankruptcy and the list goes on. I read a story by a noted independent think tank. They did an analysis and came with a list of 20 countries whose debt was unsustainable and they would never be able to pay back.

The precious Metals Investing podcast is available at Apple iTunes for people who use the ipad and other Apple mobile devices. Precious Metals Investing podcast on iTunes

Great news for Android users! The Precious Metals Investing podcast is now also available now on Google Play Music. Precious Metals Investing Podcast at Google Play Music

The post Puerto Rico Bonds – Is this Only the First Bomb to Drop? appeared first on PreciousMetalsInvesting.com.

Gold and Silver Companies with the Potential to Move the Needle

Posted: 05 May 2016 01:00 AM PDT

The two times mining companies add the most value are upon first discovery and when they are nearing development and production. Joe Reagor of ROTH Capital Partners focuses on the latter group, and...

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Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing

Posted: 04 May 2016 07:35 PM PDT

Union Pacific Engines - Google EarthWe continue to get more evidence that the U.S. economy has entered a major downturn.  Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis.  Well, now we are getting some very depressing numbers from the rail industry.  As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April.  That is an absolutely catastrophic number, and the U.S. rail industry is feeling an enormous amount of pain right now.  This also tells us that “the real economy” is really slowing down, because less stuff is being shipped by rail all over the nation.

One of the economic commentators that I have really come to respect is Wolf Richter of WolfStreet.com.  He has a really sharp eye for what is really going on in the economy and in the financial world, and I find myself quoting him more and more as time goes by.  If you have not checked out his site yet, I very much encourage you to do so.

On Wednesday, he posted a very alarming article about what is happening to our rail industry.  The kinds of numbers that we have been seeing recently are the kinds of numbers that we would expect if an economic depression was starting.  The following is an excerpt from that article…

Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units.

The coal industry is in a horrible condition and cannot compete with US natural gas at current prices. Coal-fired power plants are being retired. Demand for steam coal is plunging. Major US coal miners – even the largest one – are now bankrupt. So in April, carloads of coal plummeted 40% from the already beaten-down levels a year ago.

Because rail traffic is down so dramatically, many operators have large numbers of engines that are just sitting around collecting dust.  In his article, Wolf Richter shared photographs from Google Earth that show some of the 292 Union Pacific engines that are sitting in the middle of the Arizona desert doing absolutely nothing.  The following is one of those photographs…

Union Pacific Engines - Google Earth

As Wolf Richter pointed out, it costs a lot of money for these engines to just sit there doing nothing…

These engines are expensive pieces of equipment. When they just sit there, not pulling trains, they become "overcapacity," and they get very expensive. Then there are engineers and other personnel who suddenly become unproductive. Some of them have already been laid off or are getting laid off.

All over the world, similar numbers are coming in.  For example, the Baltic Dry Index fell 30 more points on Wednesday after falling 21 on Tuesday.  Global trade is really, really slowing down during the early portion of 2016.  What this means on a practical level is that a lot less stuff is being bought, sold and shipped around the planet.

It is becoming increasingly difficult for authorities to deny that a new global recession has begun, and at this moment we are only in the very early chapters of this new crisis.

Another thing that I watch very closely is the velocity of money.  When an economy is healthy, people feel pretty good about things and money tends to circulate fairly rapidly.  For example, I may buy something from you, then you may buy something from someone else, etc.

But when times get tough, people tend to hold on to their money more tightly, and that is why the velocity of money goes down when recessions hit.  In the chart below, the shaded areas represent recessions, and you can see that the velocity of money has declined during every single recession in the post-World War II era…

M2 Velocity Of Money

During the last recession, the velocity of money declined precipitously, and that makes perfect sense.  But then a funny thing happened.  There was a slight bump up once the recession was over, but then it turned down again and it has kept going down ever since.

In fact, the velocity of money has now dropped to an all-time low.  The velocity of M2 just recently dipped below 1.5 for the first time ever.

This is not a sign of an “economic recovery”.  What this tells us is that our economy is very, very sick.

And we can see evidence of this sickness all around us.  For instance, the Los Angeles Times is reporting that homelessness in Los Angeles increased by 11 percent last year, and this marked the fourth year in a row that homelessness in the city has increased…

Homelessness rose 11% in the city of Los Angeles and 5.7% in the county last year despite an intensive federal push that slashed the county ranks of homeless veterans by nearly a third, according to a report released Wednesday.

The increase marks the fourth consecutive year of rising homelessness in L.A., as local officials struggle to identify funding for billion-dollar plans they approved to solve the nation's most intractable homeless problem.

Let us also not forget that about half the country is basically flat broke at this point.

Just recently, the Federal Reserve found that 47 percent of all Americans could not pay an unexpected $400 emergency room bill without selling something or borrowing the money from somewhere.

With numbers such as these being reported, how in the world can anyone possibly claim that the U.S. economy is in good shape?

It boggles the mind, and yet there are people out there that would actually have you believe that everything is just fine.

The current occupant of the White House is one of them.

With each passing month, the real economy is getting even worse.  We may not have slipped into a full-blown economic depression just yet, but it is coming.

For now, let us be thankful for whatever remains of our debt-fueled prosperity, because we don’t deserve the massively inflated standard of living that we have been enjoying.

We have been consuming far more than we produce for decades, but it won’t last for much longer.  And when those days are gone for good, we will mourn them bitterly.

Podcast: Easy Money From China, Japan and Europe Has Failed. What’s Next?

Posted: 04 May 2016 12:33 PM PDT

China’s most recent borrowing binge didn’t work. Japanese and European negative interest rates resulted in their currencies going up rather than down. Global growth is slowing. Inflation is nonexistent and debt keeps rising. Only gold and silver are looking strong. Calls are being heard for bigger deficits. The world’s governments are about to panic.

This posting includes an audio/video/photo media file: Download Now

Gold Takes a Breather; Watch for 1247 Support

Posted: 03 May 2016 12:54 PM PDT

Some of Brien Lundin's Precious Metals Picks Are Up More Than 400%. What Is Next?

Posted: 03 May 2016 01:00 AM PDT

A battle royale is brewing between gold bulls and commercial traders who are short gold, says Brien Lundin, publisher of Gold Newsletter. That tug of war, which should play out in the coming weeks,...

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