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Major Long- and Short-Term Turning Point Ahead

First things first: My new book is out on November 15, just one month after our annual Irrational Economic Summit which starts this Thursday. It’s called Zero Hour: Turn the Greatest Political and Financial Crisis in Modern History to Your Advantage. So, when I take the stage in the conference center at the Nashville Airport Marriot hotel at 1:25 p.m. local time (central), I’ll give attendees and LIVE Stream viewers a sneak preview of the most important points of the book. And my co-author, Andrew Pancholi, who spoke to acclaim at our last IES conference, will be back again as […]

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Could Yesterday’s Total Eclipse Mark a Major Turning Point?

Were you one of the lucky ones able to witness the total eclipse yesterday, as it moved on its west to east path across the middle of the U.S.? Whether you did or not, there’s probably something about this event that you HAVEN’T heard… My friend Andrew Pancholi, cycle whiz from London and creator of the Market Timing Report, recently told me that yesterday’s path of totality across the U.S. looked eerily similar to the one that occurred at the beginning of the Civil War… and that this could signal America as the starting point to broader civil wars and political restructurings around the […]

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Gold & Silver Strengthen; David Morgan: Metals at Breakout Point from 6-Year Downtrend

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up David Morgan of The Morgan Report joins me for a wonderful discussion on the metals and the markets. He’ll share his insights on what the smart money is already doing, the dangers of complacency and the importance of limited counter party risk. Back by popular demand, don’t miss our recent interview with the Silver Guru, David Morgan, coming up after this week’s market update. Well, gold and silver markets are advancing for a second straight week as the U.S. dollar continues to slide. The Dollar Index dropped to […]

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Beware… We Face the Greatest Turning Point in October

Normally the worst season for the stock market is between July and November, especially August through mid-October, with September the worst month for losses (on average, of course). The first wave of the 1929 to 1932 crash ran from early September into mid-November, claiming a loss of 47% in just two and a half months. This year, this time frame could be equally dangerous… I’m a long-term forecaster, so I look to Andrew Pancholi at markettimingreport.com to fine tune the shorter-term situation. That’s not an easy task. And it’s impossible to be right all of the time. If you can […]

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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 […]

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Member Of Congress Warns Of A 1,000 Point Stock Market Crash If Obamacare Lite Does Not Pass

Are we going to see a dramatic stock market plunge if the effort to get “Obamacare Lite” through the U.S. House of Representatives ultimately fails?  On Thursday, a vote on the Republican healthcare bill was postponed once it became clear that there would not be enough votes for it to pass.  House Republican leaders are still optimistic that there will still be a vote on Friday, but that is far from certain.  Many strong conservatives in the House are balking at supporting this bill because while it does eliminate a few of the most troublesome provisions of Obamacare, it keeps […]

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Have We Reached A Turning Point For Stocks? Tuesday Was The Worst Day For The Stock Market In 6 Months

The post-election stock market rally is officially over.  After hovering near record highs for the past couple of weeks, U.S. stocks had their worst day in six months on Tuesday.  For quite some time it has been clear that the momentum of the post-election rally had been exhausted, and a pullback of this nature was widely anticipated.  But even though stocks fell by more than 1 percent during a single trading session for the first time since last September, it is going to take a whole lot more than that to bring stock prices back into balance.  In fact, stocks […]

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The Chinese Yuan and a Global Tipping Point

Every market cycle has 1 to 2 macro drivers at the heart of its regime. We call these the fulcrum points. Keep an eye on the fulcrum and you’ll know when a major cyclic turn is underfoot. The fulcrum point for the current cycle is without a doubt the US dollar (UUP). The dollar is sitting on top of a $ 9-$ 11 trillion powder keg of foreign carry trades — essentially short dollar positions. And the torch that’s likely to set off this powder keg of deflation is the Chinese yuan (FXI). A depreciating yuan equals a stronger dollar. […]

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The Danger in Fixating on a Specific Price Point…

Whether you surf the Internet for information about the precious metals and mining stocks or receive newsletters by snail mail, you’re exposed to predictions by all and sundry: How high will prices go? How long will it take? Will they remain elevated if/when they reach record nominal and/or inflation-adjusted highs? Truth be told, all of us are “inquiring minds who would like to know.” We want to believe that someone somewhere can predict the future. So we seek out gurus who might have special knowledge that puts us on the inside track. It could be on a site like GoldSeek.com, […]

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We’ve Reached the Zero Point of Debt Creation

Forty-five years and counting. We’ve been on a debt spree since the early 1970s when we went off the gold standard, covering every possible angle. Trade deficits, government deficits, unfunded entitlements, private debt – you name it! Our total debt has grown 2.5-times GDP since 1971. How could economists not see this as a problem? How is this the least bit sustainable? It isn’t. We’re hurdling toward a massive financial crisis, and all we have to show for it are financial asset bubbles destined to burst. And when they do, they’ll wipe out the artificial wealth they’ve created for many […]

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