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Gold Market Consolidates as Government Shuts Down

The gold market has been mired in a four-and-a-half year basing pattern. The rally that began late last year has taken prices up toward a major resistance zone. It’s make or break time! Also on the cusp of a potentially big move is the bond market. Bonds haven’t been making headlines like the stock market, but where the bond market heads next could be crucial for stocks as well as metals (not to mention housing and lending). The 30-year Treasury bond is forming a potential head and shoulders top. A sustained break below the major support line would confirm a […]

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The Real Estate Bubble Looks Eerily Like Early 2006

We called the real estate bubble top in late 2005, just before it began to burst in early 2006. So did Jim Stack, a newsletter writer in Whitefish Montana. Now Jim has a Housing Bubble Bellwether Barometer that’s flashing a sell signal after going up 80% last year. All our alarms are going off as well. The Confidence Indicator for the National Association of Home Builders/Wells Fargo is at its highest reading in 18 years… higher than it was in early 2006. The Case-Shiller National Home Price Index is now higher than the peak in early 2006, and looks like […]

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The Gold Cartel, Sex Scandals and GATA

The point is going up against the rich and powerful is known to be a losing proposition … for most, but not ALL, of the time, The tide has now turned when it comes to serious sexual harassment issues. The scandal took decades to surface. And, in my opinion, the same is going to be the case for the biggest financial market scandal in US history, that being the wrongful suppression of the gold/silver prices Bill Murphy’s speech at the Vancouver Resource Investment Conference is a must-read. The truth about the Central Banks and Government intervention in the precious metals […]

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When Your Friends Decide Your Credit Score

When my kids turned 16, they got three things: a driver’s license, a (used) car, and a credit card. They needed the license to drive, needed the car so that I didn’t have to let them drive mine, and the credit card was pure convenience. By using the card, they could buy gas without getting money from me, make small purchases we’d discussed ahead of time, have a method of payment in case of an emergency, and one more thing: They could start building credit. If you don’t have a credit history, your FICO score starts out quite low, which […]

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Gold Set Up For Big Move This Year – What About Cryptos?

Gold and silver had a sharp run-up in the last two weeks of 2017.  However, the abrupt move in gold has been accompanied by a rapid rise in the gold futures open interest on the Comex. Furthermore, based on the last COT report the banks have dramatically increased their net short position and the hedge funds have gotten, once again, extremely net long.  I don’t like the looks of the COT report right now plus I anticipate a possible brief “relief” rally in the dollar index. But what about cryptocurrencies?  Over the past few weeks the largest and most actively […]

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The Mainstream Media Doesn’t Want To Talk About #ReleaseTheMemo, But This Could Be The Biggest Scandal In D.C. Since Watergate

Republican members of Congress are pushing for the release of a memo that reportedly shows that government surveillance powers were illegally used against Donald Trump during the presidential campaign, and that the Obama administration, the FBI and Hillary Clinton illegally colluded in a concerted effort to try to destroy Trump’s chances of winning the presidency.  If these allegations turn out to be true, this will be the biggest scandal in American political history, but so far the mainstream media doesn’t want to talk about it.  Other than Fox News, it is hard to find any coverage of this memo on […]

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Americans Buying Gold/Silver: Big U.S. Pricing Advantage

Two years ago in this space, I penned an essay discussing how Americans – and other countries that are “dollarized” – where the local currency is either the USD or pegged to it – had a significant advantage when it came to getting the most for their money when exchanging dollars for precious metals. Lately I looked into this issue again and the good news is – it’s still a good deal. In relation to a lot of other folks, even better than before! But the bad news is that this might not be the case much longer… The Cando […]

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Why Sometimes, “Beating the S&P 500” Isn’t Good Enough

Why Sometimes, “Beating the S&P 500” Isn’t Good Enough How money managers who beat a benchmark can still “ruin your retirement” By Elliott Wave International Would you like to invest with a money manager who has a track record of “beating the market”? “Who wouldn’t” you might reply. But, hold onto your horses — or, in this case, onto your portfolio. Even a professional manager who “performs” the S&P 500 can financially ruin you. You see, the “beat the market” investment strategy is BOGUS. Learn what EWI’s decades of research has uncovered about a long list of market myths. Is […]

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Exciting 2018 for Gold/Silver; Rickards: Next Financial Panic Will Be the Biggest of All, Part 1

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear another amazing interview with Jim Rickards. Jim examines what the next financial crisis will look like and how it will be different from previous panics, gives us his outlook for gold and the key drivers for the yellow metal in part one of a tremendous two-part interview. Don’t miss my conversation with Jim Rickards, coming up after this week’s market update. As the White House and Congressional leaders scramble to avert a government shutdown, investors are bracing for possible market gyrations. Historically, government shutdowns have tended […]

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“Mother Of All Blow-Offs?”

People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth. – Jesse Livermore Boeing’s stock has gone parabolic. It’s doubled since April 2017: The stock now trades at a 31x PE ratio, for whatever that’s worse. I’m sure if I went through the numbers closely, I could find numerous accounting manipulations which added a copious amount of non-cash income to BA’s numbers. BA’s revenues on a trailing 12 month basis are flat. From 2015 to 2016, its revenues declined 1.7%. On a trailing twelve month basis vs. 2016, […]

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