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A Collapsing Dollar Will Trigger The Next Big Move In Gold And Silver

When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed. – from “Atlas Shrugged” Sorry MAGA-enthusiastics, it’s all a lie.  The tax legislation just passed will lead to higher Government spending deficits, a near-parabolic acceleration in Government debt issuance and a possible collapse of the dollar.  The U.S. is in systemic collapse.  Perhaps the biggest manifestation of this is the grand money-grab by the elitists […]

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Is Gold Ready To Move Higher?

The simple answer to that question is: who knows, eventually it will. I like to look at the Commitment of Traders report for signals. I think the COT offers better information than looking at charts, although I like to use my COT analysis in conjunction with charts. My fund partner keeps a database of COT gold and silver data going back to May 2005. Over this time, there’s been a strong correlation between the direction of gold, the net long position of the hedge funds, the net short position of the banks and the total open interest in gold (silver) […]

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Gold, The Economy, Cryptocurrencies And Irrational Exuberance

The current tax legislation isn’t some thoughtful reform to benefit Americans. It’s a quickly planned looting through a broken window in our nation’s character. – John Hussman John Hussman wrote a must-read essay titled:  “Three Delusions:  Paper Wealth, A Booming Economy and Bitcoin (link).”   The crypto/blockchain delusion has exceeded the absurdity of the dot.com and housing bubble eras.   I was shorting fraud stocks happily in both eras.  I’m short a company  now called Riot Blockchain.  If you look at its description in Yahoo Finance, it bills itself as a developer of technologies applied to animal (“non-human”) medicine.  It recently changed […]

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Gold EFPs: Absolute Proof That Paper Gold Is A Fraud

A guest post by Stewart Dougherty IRD’s Note:  In the past year, there has been a noticeably substantial  increase in the use of the obscurely defined EFPs (Exchange for Physicals) and PNTs (Privately Negotiated Transactions) in the settlement of Comex gold and silver futures contracts.  In simple terms, the EFPs and PNTs enable the counterparties  a Comex futures contract or LBMA forward to settle the contract in an acceptable form other than the actual physical commodity as required by the contract specifications (e.g. one gold futures contract requires the delivery of a 100 oz. gold bar as qualified by the […]

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Stocks, Gold and Crude Oil Long Term Pattern Predictions

… The green arrows are 10 years long. Peaks indicated are in 1987, 2007, and potentially 2017. The pause in 1997 was not a top because the market rally extended into early 2000. The current peak in 2017 could also extend, but valuation and timing indicators show high risk. When the monthly RSI (timing indicator at bottom of graph) exceeds 70, turns down, and prices fall below the red support line, a significant correction or crash is possible. Those crashes occurred in 1987, 2000, and 2008. The S&P is ready to make a similar correction or crash in 2017 or […]

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Is Bitcoin Demand Hurting The Price Of Gold?

The popular narrative that has gripped the financial media searching for reasons that the price of gold is sluggish for reasons other than overt western Central Bank manipulation, is that Bitcoin interest is diverting cash that would otherwise be going into gold.  However, I would argue that the type of trading funds playing in the cryptocurrency “sandbox” is little more than “action junkies” looking for anything to buy with high upside velocity.  These “investors” never buy gold other than perhaps chasing gold-related securities when the price of gold speeds higher in price (like from early 2016 through August 2016).  In […]

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The Paper Gold Price Attack Cycle Is Almost Over

As students of the gold market know, the paper gold markets in New York and London function as price manipulation mechanisms used by the western Central Banks in their effort to control the price of gold. As the physical demand from the eastern hemisphere pushes the price higher, the operators of the LBMA and Comex print large quantities of paper gold (gold futures, forwards) in order to satisfy the demand of hedge funds, which use futures to chase price momentum (up and down) in gold and silver. Gold had been trading in a sideways pattern since mid-September between $ 1320 […]

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Bitcoin vs Gold — Deathmatch 2017

Tyler here with this week’s Macro Musings. Just a heads up, we released the newest issue of our Macro Intelligence Report (MIR) last night. It’s all about an asset the overall market is getting completely wrong — oil. Within the 40+ pages of this report we go into depth on exactly why the market is wrong and how you can play the coming oil bull market. We’ve got a basket of equities plus an options play on the commodity itself that sets us up quite nicely to take advantage of the trend. With our 60-day money-back guarantee, there’s no risk […]

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Markets Eye Tax Bill, IRS Fishing Targets Bitcoin; Gerald Celente: Middle East Wild Cards Could Drive Up Gold

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from the one and only Gerald Celente of the Trends Journal. Gerald weighs in on the rise of cypto-currencies, the massive volatility he sees ahead in the crypto world and the key geopolitical ticking time bomb that he sees having a big effect on gold prices. Don’t miss another outstanding interview with Gerald Celente, coming up after this week’s market update. Gold and silver markets lost ground this week as investors drove the stock market up to new highs – again. With tax cuts ne aring […]

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The War on Gold Intensifies: It Betrays The Elitists’ Panic And Coming Defeat – Part 2

Here is Part 2 of Stewart Dougherty’s “War on Gold” essay.  Here’s Part 1 Magicians use distraction, deflection and misdirection to conduct their tricks. They get their audiences to look to the left while they perform their magic undetected on the right. So do con artists and swindlers. George H. W. Bush, in a speech delivered to a joint session of Congress on 11 September 1990 entitled “Toward a New World Order,” headlined a geopolitical theme that has garnered a great deal of attention ever since. And while Bush was not the first person to use the term, it struck […]

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