Thursday, January 26, 2017



Physical gold demand slid to 7-year low in 2016, GFMS says

Posted: 26 Jan 2017 01:24 PM PST


Dow/Gold Ratio Near 9-Year High, Up, Up! Says Trump as Dow 20,000 Sees GLD Below 800 Tonnes of Bullion

Posted: 26 Jan 2017 01:19 PM PST

Bullion Vault

GATA Chairman Explains Why Cartel Goes To So Much Effort To Manipulate Gold & Silver

Posted: 26 Jan 2017 01:05 PM PST

What Exactly Is The Point Of Throwing $Billions Down The Drain Suppressing Gold & Silver Prices? From Rory Hall, The Daily Coin: Bill Murphy – Gold & Silver: Why Does the Banking Cabal Go to All this Effort?  Over the past several months the gold and silver markets have received some much needed attention. The […]

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“We Won, You Lost – Get Over It”

Posted: 26 Jan 2017 01:00 PM PST

“We won, you lost.  Get over it!”  – Donald J. Trump, or Barack Obama?  From PM Fund Manager Dave Kranzler: The full quote from Obama when he was confirmed the new President was, "Elections have consequences.  We won, you lost. Get over it."    The Democrats hiding out in their safe spaces and seeking solace […]

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Apple Should Buy Disney: Creating A Trillion-Dollar Mousetrap

Posted: 26 Jan 2017 12:55 PM PST

Here’s How to Profit From Trumponomics

Posted: 26 Jan 2017 12:00 PM PST

Want to Profit From Donald Trump’s Game-Changing Paradigm Shift to America First? Here’s How: Submitted by Streetwise: While Donald Trump’s election has altered a number of aspects of the economy, investors cannot ignore economic trends that were in place before the election, says Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with […]

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1/26/17 – The Day NAFTA Died? Mexico Cancels White House Meeting Following Trump’s “Wall Ultimatum”

Posted: 26 Jan 2017 11:30 AM PST

Mexico now finds itself in a double bind, squeezed not only by Trump, but also by its partner Canada, which has left Mexico on its own.   From Mac Slavo: It's official. Mexico's President Pena Nieto has pulled out of his scheduled White House meeting for later this month. Earlier this morning President Trump tweeted that […]

The post 1/26/17 – The Day NAFTA Died? Mexico Cancels White House Meeting Following Trump's "Wall Ultimatum" appeared first on Silver Doctors.

Dow 20,000: Peter Schiff Asks, Milestone or Bubble?

Posted: 26 Jan 2017 11:30 AM PST

Dow 20,000 is finally here.  Famed investor and Fed critic Peter Schiff looks ahead: Will Renewed QE Send the Dow Towards a Hyper-inflationary 100,000, Or Is A Deflationary Crash Next?  

The post Dow 20,000: Peter Schiff Asks, Milestone or Bubble? appeared first on Silver Doctors.

The Democratic Party is Out of Ideas & is About to Quadruple Down on Failed Identity Politics

Posted: 26 Jan 2017 11:00 AM PST

Yes, of course, Trump winning the GOP nomination marks the end of the party as we know it.  After all, some neocons are already publicly and actively throwing their support behind Hillary. While this undoubtably represents a major turning point in U.S. political history, many pundits have yet to appreciate that the exact same thing is happening […]

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The US Dollar Is Now Overvalued Against Almost Every Currency In The World

Posted: 26 Jan 2017 11:00 AM PST

The old saying in investing is "Buy Low, Sell High." It also works the other way: "Sell High, Buy Low." And that is precisely the opportunity right now: to SELL overvalued US dollars at their 14-year high, and BUY top quality, undervalued foreign assets at their record lows.   From Simon Black, Sovereign Man: In […]

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US Stocks Are Now the Most Overpriced Since the 2000 Crash

Posted: 26 Jan 2017 10:00 AM PST

It's not the fact that the Dow hit 20,000 that makes US stocks so expensive. The price of a stock alone doesn't tell you much. It's important to look at the price of the stock relative to other important metrics, like cash flow, book value, sales, earnings, etc. US stocks right now are selling at […]

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The Deep State in the Age of Trump

Posted: 26 Jan 2017 09:00 AM PST

The Deep State Has Entered the Age of Trump:     Submitted by James Hall: Politics as usual, especially the party version of Republicans and Democrats is the latest endangered species to hit the bone yards of extinction. Now, that does not mean that competing power factions have all merged into a collegian stew of some […]

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Switzerland’s Gold Exports To China Surge To 158 Tons In December

Posted: 26 Jan 2017 09:00 AM PST

China Has Run Into A Bit Of A Problem With Their Gold Stock Piling Efforts – Alasdair Macleod

Posted: 26 Jan 2017 08:30 AM PST

China Has Run Into A Bit Of A Problem According to London Expert Alasdair Macleod, And The Only Thing That Will Likely Alleviate The Stress Is Price… From Rory Hall: China launched the One Belt One Road (OBOR) project 5+ years ago and made their first rail delivery in February 2016. China has been stock […]

The post China Has Run Into A Bit Of A Problem With Their Gold Stock Piling Efforts – Alasdair Macleod appeared first on Silver Doctors.

Gold maintains long-term prospects as Dow breaks 20,000 following Trump’s executive decisions

Posted: 26 Jan 2017 03:05 AM PST

Wednesday saw the Dow Jones Index, break 20,000 for the first time ever. Gold remains confused as to what direction it is heading in with prominent perks in both directions. Gold prices fell on...

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Breaking News And Best Of The Web

Posted: 26 Jan 2017 01:37 AM PST

US stocks up, gold and silver down. President Trump begins with flurry of changes to Obamacare and NAFTA. Earnings season starting well for banks and miners. Global debt continues to soar, especially in China. Fake news debate rages. Brexit hits speed bumps.   Best Of The Web These are the countries with the biggest debt […]

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2017 Could Be Transformative for Integra Gold

Posted: 26 Jan 2017 12:00 AM PST

Integra Gold's recently released drill results on the Triangle deposit continue to show mineralization continuity, and more than one research firm highlights that 2017 is shaping up to be a...

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Is It Just A Coincidence That The Dow Has Hit 20,000 At The Same Time The National Debt Is Reaching $20 Trillion?

Posted: 25 Jan 2017 05:57 PM PST

Dow Fueled By DebtThe Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt.  On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars.  Is this just a coincidence?  As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time.

For example, when Ronald Reagan took office in 1991, the U.S. national debt had just hit 994 billion dollars and the Dow was sitting at 951.  And as you can see from this chart by via David Stockman, roughly that same ratio has held true throughout subsequent presidential administrations…

Dow Fueled By Debt

During the Clinton years the Dow raced out ahead of the national debt, but an “adjustment” during the Bush years brought things back into line.

The cold hard truth is that we have been living way above our means for decades.  Our “prosperity” has been fueled by the greatest debt binge in the history of the world, and we are greatly fooling ourselves if we think otherwise.

We would never have gotten to 20,000 on the Dow if Barack Obama and Congress had not gotten us into an extra 9.3 trillion dollars of debt over the past eight years.

Unfortunately, most people do not understand this, and the mainstream media is treating “Dow 20,000″ as if it is some sort of great historical achievement

The average began tracking the most powerful corporate stocks in 1896, and has served as a broad measure of the market’s health through 22 presidents, 22 recessions, a Great Depression, at least two crashes and innumerable rallies, corrections, bull and bear markets. The blue chip reading finally cracked the 20,000 benchmark for the first time early Wednesday.

During the current bull market, the second longest in history, the Dow has more than tripled since March 2009.

Since Donald Trump’s surprise election victory, the Dow has now climbed by approximately 2150 points.

And it took just 64 calendar days for the Dow to go from 19,000 to 20,000.  That is an astounding pace, and financial markets around the rest of the planet are doing very well right now too.  In fact, global stocks rose to a 19 month high on Wednesday.

So where do we go from here?

Well, if Donald Trump wants to see Dow 30,000 during his presidency, then history tells us that he needs to take us to 30 trillion dollars in debt.

Of course that would be absolute insanity even if it was somehow possible.  Each additional dollar of debt destroys the future of our country just a little bit more, and at some point this colossal bubble is going to burst.

But you can’t tell most of the “financial experts” these things.  Most of them simply believe that the “market always goes higher over time”

The “market always goes higher over time,” Todd Morgan, chairman of Bel Air Investment Advisors. “The lesson here is that through wars, recessions, elections, impeachments, financial crises, and on and on, investing for the long term in high-quality stocks is the key to building wealth. … We are telling our clients that you can't time the market. Think long term. Stay the course. We expect the market to see Dow 30,000 in my lifetime, and for my grandchildren to see Dow 50,000 in their lifetime.”

My hope is that the market will continue to go up.  But nobody can deny that valuations are already at absurdly high levels, and the only way that this party can keep going is to continue to fuel it with more and more debt.

But for the moment, there is a tremendous amount of optimism out there, and most experts expect the Dow to continue to set new highs.  In fact, CNBC says that whenever the Dow crosses a new threshold like this it usually means good things for investors…

CNBC looked at market data from the past 30 years and zeroed in on the times when the Dow has crossed levels like 2,000, 3,000, 4,000 … all the way up to the 19,000 level it hit in November. At those times, investors can typically expect traders to push it up even higher, according to data from Kensho. Not only does the Dow go up, but it outperforms the S&P 500 index along the way.

But as USA Today has explained, not all Americans are benefiting from this stock market rally…

The breakthrough came just four trading days into Trump’s presidency, a whirlwind in which the billionaire has reaffirmed his commitment to strengthen the U.S. economy and create more jobs and higher wages for workers. Still, nearly half of Americans have not benefited from the so-called “Trump Rally,” which has generated more than $2.2 trillion in paper gains for the Wilshire 5000 Total Stock Index since Election Day. The reason: only 52% of Americans polled by Gallup last April said they “have money invested in stocks” — the lowest stock ownership rate in the 19 years Gallup has tracked the data and down sharply from 65% in 2007 before the financial crisis.

Hopefully the good times will continue to roll for as long as possible.

But there is no possible way that they can keep going indefinitely.

For decades, our debt has been growing much faster than our GDP has.  By definition, this is an unsustainable situation.  At some point we will have accumulated so much debt that our financial system will no longer be able to hold up under the strain.

Many were convinced that we would reach that point before the U.S. national debt hit 20 trillion dollars, and yet here we are.

So how much higher can we go before the bubble bursts?

That is a very good question, and I don’t know if anyone has the right answer.

But for President Trump, this is going to present him with quite a dilemma.

Either he can keep the debt party going for as long as possible, or he can try to get us to take some tough financial medicine right now.

If an attempt is made to deal with our debt problems now, we will experience severe economic pain almost immediately.

But if the can keeps being kicked down the road, our long-term prognosis is just going to keep getting worse and worse.

And if we try to delay the inevitable indefinitely, at some point the laws of economics are going to make our hard choices for us.

So let us celebrate “Dow 20,000″, but let us also understand that it is far more likely that we will see “Dow 10,000″ again before we ever see “Dow 30,000″.

Two Gold Ratios You Should Watch

Posted: 25 Jan 2017 04:06 PM PST

The Daily Gold

GATA chairman notes smashing of gold on eve of options expiration

Posted: 25 Jan 2017 03:22 PM PST


Two Gold Ratios You Should Watch

Posted: 25 Jan 2017 02:55 PM PST

As Gold and gold mining stocks approach strong resistance, we wonder if the outcome will be a sharp selloff or a period of bullish consolidation. While there are a handful of things we can examine (sentiment, momentum, relative strength, etc), today we will focus on Gold and its relative strength against two key markets. How Gold fares against Bonds and foreign currencies in the weeks ahead could be a hint of its trend heading into spring.

Below we plot Gold against Bonds and Gold against Foreign Currencies (FC). Gold against the 30-year bond is shown with the 200 and 400-day moving averages while Gold against FC and the 400-day moving average is plotted at the bottom.

As we can see, the Gold/Bonds ratio is attempting to breakout from two-year resistance. The ratio has consolidated for the past nine months and now the moving averages are aligned in bullish fashion. Meanwhile, Gold/FC is trading above support but like Gold itself faces resistance from early autumn.


Gold vs. Bonds, Gold vs. Foreign Currencies


Gold has been lagging the miners recently and that is a good thing. The miners should lead. However, as Gold nears resistance (potentially at $1250/oz) it is important for it to show relative strength against the other asset classes and in particular Bonds and FC. A breakout in the Gold/Bonds ratio would signal that Gold would be less affected by weakness in Bonds (and rising yields). Meanwhile, continued strength for Gold/FC would signal that Gold would be less impacted by a rising US Dollar.

When focusing on the very short-term we see that Gold has been turned back at $1220/oz while the miners have continued to grind higher. They opened lower Wednesday but managed to close at the highs of the day. Their rebound is getting long in the tooth but there is a chance they could grind higher towards the red lines.


GDX, GDXJ, Gold Daily Bar Charts


As Gold and gold mining stocks approach resistance we will keep an eye on their performance relative to the movements in other asset classes. A pullback from resistance is very likely but the question is if the pullback evolves into a deeper correction or a bullish consolidation. In the meantime we have focused on buying quality and value in the junior space while maintaining some cash. The good buying opportunity we noted a month ago has passed but another one will come soon one way or another. For professional guidance in riding the bull market in Gold, consider learning more about our premium service including our favorite junior miners for 2017.


Jordan Roy-Byrne, CMT, MFTA


The post Two Gold Ratios You Should Watch appeared first on The Daily Gold.

Rise Buys $40 Million Mine for $2 Million

Posted: 25 Jan 2017 12:00 AM PST

The purchase of the Idaho Maryland Gold Mine in northern California by Rise Resources caught the attention of 321 Gold's Bob Moriarty.

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