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Just A Coincidence?: The Dow Goes From Being 567 Points Down To 567 Points Up At The Closing Bell

Seriously?  We were expecting that Tuesday would be an unusual day on Wall Street, and that was definitely the case.  At the low point, the Dow Jones industrial average was down 567 points, but at the closing bell it was up 567 points.  That is a swing of more than 1000 points, but what is more surprising is the exact symmetry of those numbers.  Is this just some sort of bizarre coincidence? At the opening bell, stock prices collapsed and many were concerned that we were heading for another really bad day for investors.  According to CNBC, the Dow was […]

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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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When the Tree Falls Down… or the House Floods

In 1990, my wife and I celebrated our first Christmas together. We were broke. We had enough to eat, but I balanced our checkbook to the penny and we carried an uncomfortable balance on our credit cards. We tried to save money wherever possible, including paying $ 8 to “cut your own” Christmas tree and then making decorations by painting wooden clothes pins. Some of it worked, some of it didn’t. Using paint, pens, and paper, my wife turned the clothes pins into horses and cowboys, which was very fitting for our first holiday season in Texas. That was a […]

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House Passes Watered Down Tax Cuts; Ed Steer: Gold/Silver Price Management Scheme

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a fantastic interview with first time guest Ed Steer of Ed Steer’s Gold and Silver Digest and also board member at GATA. Ed talks about a strategy that many mining companies are employing today that will have a long term and detrimental impact on the future supply of gold and silver. He also reveals how manipulation in the precious metals markets is poised to backfire. Don’t miss a wonderful interview with Ed Steer, coming up after this week’s market update. Despite a big decline in crude […]

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The United States Is Melting Down Under Extreme Corruption

I have fond affection for my sense of right and wrong – morally, spiritually and legally.  But it’s becoming increasingly difficult to behave responsibly as a citizen given the thorough corruption which has engulfed nearly the entire population of elected officials and business leaders.  Fraud, corruption, grand-scale theft and remarkable dishonesty is endemic to Wall Street, DC and across corporate America. Every single elected official at the Federal level, and at most State levels, is a paid servant of  big banks, corporations and wealthy families/individuals.  Obtaining a House or Senate seat is worth $ 10’s of millions.  Getting into the […]

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China’s Gold/Oil Play; Greg Weldon: Debt-Driven Consumer Economy Breaking Down

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Greg Weldon of Weldon Financial and WeldonLive. Greg’s research calls for the markets to roll over, and he’s expecting some very rough waters ahead based on key metrics he’s focused on – consumer spending and debt. He also weighs in on the tricky spot the Fed is in and where this is all pointing for both stocks and for gold. Don’t miss a wonderful interview with Greg Weldon, coming up after this week’s market update. Precious metals markets pulled back earlier this week before regaining […]

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Stock Market May Have Peaked in Terms of Gold; Gerald Celente: Interest Rates Go Up, This Goes Down”

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up the one and only Gerald Celente of the Trends Journal and one of the top trends forecaster in the world joins me for an explosive interview on the dollar, the growing tensions with North Korea and a wildcard that he sees driving a big run in gold. You will not want to miss an incredible interview with Gerald Celente, coming up after this week’s market update. Well, the invincible U.S. stock market finally came under some selling pressure this week as tensions between the United States and North […]

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WORLD’S 2ND LARGEST SILVER MINE SHUT DOWN: Implications For Company & Market

The world’s second largest primary silver mine, Tahoe Resources Escobal Mine, was forced to shut down operations in Guatemala by a ruling from the country’s Supreme Court. This was due to a provisional decision by the Guatemalan Supreme court in respect of a request by CALAS, an anti-mining group, for an order to temporarily suspend the license to operate the Escobal Mine until there is a full hearing. (picture courtesy of Tahoe Resources) While this story has been out for a few days, I believe there is a great deal of misinformation on the Mainstream and Alternative media about the […]

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The Left Refuses To Tone Down Their Inflammatory Language, And As A Result We Now Have War In The Streets

What in the world did the left think would happen?  When Kathy Griffin posed for a photo with “Trump’s bloody head”, that sent a message.  And the twisted version of “Julius Caesar” that is currently being put on by a New York theater group in which a character meant to closely resemble Donald Trump is brutally assassinated sends a message.  At any time of the day, you can find leftist radicals openly discussing violence against Trump and Republicans on Facebook and Twitter, and groups like Antifa have been employing extremely violent tactics ever since the Inauguration.  So it is not […]

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DC Swamp Shutting Down Trump, Bitcoin Skyrockets

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Michael Pento of Pento Portfolio Strategies joins me and lays out a scenario he says is ahead for the economy, interest rates, and monetary policy – all of which point to a watershed moment for gold.  You simply will not want to miss a truly enlightening interview with Michael Pento, coming up after this week’s market update. Gold and silver markets held their own this week even as crude oil prices dipped, the Fed vowed more rate hikes, and the stock market set another new record.  The gold […]

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