Gold & Silver Rebound; Jim Rickards: Dollar May Become “Local Currency of the U.S.”

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear part one of an amazing two-part interview with Jim Rickards, author of Currency Wars, The New Case for Gold and The Road to Ruin. Jim shares his insights on the Fed’s supposed plan to unwind its balance sheet and what it will mean for the economy and for gold prices. He’ll discuss some potential fireworks involving the U.S. dollar as it continues losing its reserve currency status. Don’t miss a must-hear interview with Jim Rickards, coming up after this week’s market update. Beaten down gold and […]

Read More

RUSSIA vs. USA: Where’s The Gold?

As the United States continues to push towards a military conflict with Russia, there will likely be no real winner when the dust settles. However, if we compare the these two superpowers in the current “gold market”, the Russians are the clear winners. While the U.S. has been (secretly) liquidating its once massive official gold holdings, the Russians have be doing quite the opposite. According to the data on Smaulgld.com, the Russians have added a hefty 3,000,000 oz of gold to its official reserves since the beginning of the year. If you haven’t checked out Smaulgld’s site, I highly recommend […]

Read More

The Top 7 Cases Against Gold

Gold Optimists Could be Jumping the Gun Lately, analysts are growing increasingly giddy about gold’s rise in value to near $ 1,300/oz. Hey, we said it was going to $ 1,400 after the extreme sell-off down to $ 1,055. And recently we warned that if it broke above a downward trend line in rallies, it might even go to as high as $ 1,450, after previously reaching $ 1,383. And that looks more likely now. But they’re excited for all the wrong reasons. In the next several months it’ll be time to SELL the precious metal again… not the time […]

Read More

Trump Unscathed by Comey Testimony; David Morgan: Gold and Silver at Breakout Point

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up David Morgan of The Morgan Report joins me for a terrific interview on counterparty risk and other dangers in today’s markets and also shares his thoughts on when he expects the metals to turn and what the smart money is already doing. Don’t miss a tremendous interview with the Silver Guru, David Morgan, coming up after this week’s market update. Gold and silver markets extended their month-long rally earlier this week before giving back gains as former FBI Director James Comey testified on Thursday. The Comey testimony largely […]

Read More

The Great Gold Supply Disconnect

The market has no clue that it has severely undervalued the price of gold. While Central bank intervention has worked hard at capping the gold price, the “Great Gold Supply Disconnect” will most certainly remedy that situation. This gold supply disconnect took place after the gold price peaked in 2011. That being said, the world is speeding recklessly towards an epic market catastrophe. No, this isn’t hype… I wish it was. But, unfortunately, the poor folks who continue to believe their STOCK, BOND & REAL ESTATE portfolios will provide them with a healthy retirement in the future, have no idea […]

Read More

The Fake News Media and Gold

The astounding results of a groundbreaking, scientific study just released, the first of its kind we know of, confirms a lot we’ve suspected about mainstream journalists. Journalists are different than the rest of us. Researchers found journalists’ brains just don’t work as well as yours and mine. That’s a polite way of saying journalists are dumber than you and I. The study flatly says journalists have less brain power than others to “regulate emotions, solve complex problems… and think flexibly and creatively,” although study findings say they are no more stressed than the average worker. That means they understand less […]

Read More

Arizona Ends Taxation on Gold and Silver

Phoenix, Arizona (May 23rd, 2017) – Sound money advocates rejoiced today as Arizona governor Doug Ducey signed House Bill 2014 into law last night. The measure, which passed in the Arizona state Senate on May 10th by a margin of 16-13, removes all income taxation of precious metals coins at the state level. Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all “gains” and “losses” on any precious metals that are in legal tender form and reported on their federal tax returns from the calculation of their Arizona adjusted gross income (AGI). […]

Read More

The Great Deflation, Gold, and the Dollar

The coming GREAT DEFLATION will impact the value of Gold and the Dollar much differently than what most analysts are forecasting. Unfortunately, most analysts do not understand the true underlying value of gold or the U.S. Dollar, because they base their forecasts on information that is inaccurate, flawed or imprecise. This is due to two faulty theories: monetary science supply-demand market forces While some aspects of monetary science and supply and demand forces do impact the prices of goods and services (on a short-term basis), the most important factor, ENERGY, is totally overlooked. You will never hear Peter Schiff include […]

Read More

U.S. Gold Market Change In 2017

Most Americans didn’t realize it, but something BIG changed in the U.S. gold market in the beginning of 2017. While precious metals sentiment and buying in the U.S. has dropped off considerably in the first quarter of 2017, the East continues to acquire gold, HAND OVER FIST. How much gold? Well, let’s just say… U.S. gold exports have nearly doubled during JAN-FEB 2017 versus the same period last year: Total U.S. gold exports JAN-FEB 2017 surged to 101 metric tons (mt), compared to 56.5 mt last year. This is quite interesting because total U.S. gold mine supply plus gold imports […]

Read More

17 Reasons To Avoid Gold

(Warning: Satire and sarcasm alert!) Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations. Time Magazine confirmed that Greenspan, Rubin and Summers saved the world in 1998. Bernanke did it again after the last crisis. In 2012 he was called “The Hero” by The Atlantic. Our economic world is now stable and secure and central bankers will not need to “save” it again. Because we live in a safe world, there is no […]

Read More