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David Smith: Why I didn’t sell Gold and Silver in 2011

I’d like to share a personal investment tale with you, the origins of which go back a ways. I became involved in physical precious metals/futures trading in 1972 after reading Harry Browne’s book, How to Profit from the Coming Devaluation. Not unlike David Morgan (before we knew each other) I accumulated metal and silver futures contracts, and rode prices into the March 1980 top. I sold my futures, but held the metal until the Hunt Brothers were knocked out of the game after the CRIMEX changed the rules to contract-offset only, collapsing the silver price. I watched silver drop through […]

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The Gold Bugs Were Wrong

The Gold Bugs were way too early on their inflation call. Ever since the start of QE, countless Austrian economic gold bugs have been warning about a tidal wave of inflation that will debase our hard earned savings. Their fear mongering is what sent gold up to nearly $ 2,000 an ounce. But the inflation never came. The gold bugs were wrong. And anyone who bought into their narrative has had to suffer through a 5-year bear market in gold. What did the gold bugs overlook that made their prediction so far off the mark? The labor market. Economic stimulus […]

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Investors Won’t Be Buying Gold & Silver until AFTER Big Gains Occur

Physical demand for bullion rounds, coins, and bars remains somewhat soft in the U.S. This year’s run higher in prices as well as rising geopolitical tensions has whet the appetites of some investors, but it has not yet triggered broad participation. Only the contrarians have capitalizedon gold & silver’s advance since 2015. With strong gains both this year and last, metals prices have been responding to a host of issues – from unrestrained federal borrowing to the prospect of nuclear exchange. But they haven’t moved up as much as many expect. After advancing dramatically in the prior decade, gold and […]

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Michael Pento Exclusive: Gold Sniffing Out Central Bank Failure; Fed Tightens into Economic Weakness

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Michael Pento of Pento Portfolio Strategies on how the broken window fallacy is now becoming a part of the narrative surrounding the terrible tragedy in the Houston area and also talks about an exciting setup he sees in the gold market and what will be the tipping point. Don’t miss another wonderful interview with Austrian economist and money manager Michael Pento, coming up after this week’s market update. Precious metals markets enter trading for the month of September with strong upside momentum on the heels […]

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Eight Days to Destruction

Harvey made landfall as a Category 4 Hurricane on August 25. The wind and flooding caused massive destruction. The news mentioned one hundred billion dollars as a preliminary estimate of the damage. Eight days before on August 17 Harvey became a named storm. There was no apparent cause for alarm on August 17. Two days later it was upgraded to a tropical depression. Harvey reached hurricane strength on August 24. Much can happen in eight days. August 17: Harvey is named August 21: Total eclipse of the sun. The path crossed the contiguous 48 states. August 21: President Trump announces […]

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China’s 4-Pronged Gold Hoarding Strategy

Money Metals readers may remember my November 2014 report in which I discussed how gold flowed into China in “tributary fashion” like small streams flowing into a giant one. In this case, the gold has been streaming into China’s increasingly massive thousands-of-tons gold hoard. In January, 2015, I penned an essay titled “China’s Global Gold Supply “Game of Stones,” outlining China’s long-range goal to dominate the world’s physical gold market. Well, events have moved massively forward since then. I want to update you as to just how much things have changed – and how close we may be to experiencing […]

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Metals Flirt with Breakout; Guy Christopher: Family, Friends, and Gold

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up later in today’s program we’ve got a fantastic interview with MoneyMetals.com columnist Guy Christopher. Guy shares some helpful tips on how to talk to your family and friends about the importance of gold and silver, and offers up some of his other great insights as well. You won’t want to miss my interview with Guy Christopher, coming up after this week’s market update. For the third week in a row, the gold market traded up near $ 1,300 an ounce. And for the third week in a row, […]

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Precious Metals Heat Up, Trump Turmoil, and Greg Weldon: Gold is a “coiled spring”

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a wonderful interview with Greg Weldon of Weldon Financial and author of the book Gold Trading Boot Camp. Greg gives us his thoughts on the dangerous scenario that could ensure if a selloff drives everyone out of stocks all at the same time, shares his opinion on Bitcoin and also tells us why he views gold as a coiled spring waiting to release. Make sure you stick around for my conversation with Greg Weldon, coming up after this week’s market update. Downside volatility hit financial markets […]

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Gold Investment In Germany & The U.K. Surged

While gold demand in the West continues to languish, something has recently motivated renewed interest in the yellow precious metal in Germany and the United Kingdom. Now, when I say “renewed interest”, I am referring to a surge in gold investment by Germans and British that we haven’t seen for quite some time. This big increase in gold investment in Germany and the U.K. over the past year and a half is not from the diehard physical bar and coin investors, rather it is from a source that is even more interesting… it’s coming from investors in the retail Gold […]

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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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