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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Silver and NASDAQ Strength Will Reverse

Bubbles come and go. Silver and gold – 1980 Japanese Nikkei – 1990 NASDAQ – 2000 Mortgages and Real Estate – 2006 Bonds, Debt, Stocks, Real Estate – 2017 Examine the following graph of monthly data for 32 years of the NASDAQ 100 Index and Silver. We saw the NASDAQ bubble in 1999-2000, a rapid rise for silver in 2010 – 2011 and a large rise in the NASDAQ 100 during 2009 – 2017. Prices for both markets have often risen too far and too fast, and then corrected or crashed. The NASDAQ dropped more than 80% from 2000 to […]

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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). […]

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Global Silver Demand WAY Outstrips Supply

Estimates for 2016 are in and the data shows the first decline in silver mine output in 14 years. The Silver Institute’s World Silver Survey 2017 shows reduced production of the base metals lead and zinc are largely to blame, though silver production as a byproduct of gold mining also fell. The Institute estimates 70% of silver output is generated as a byproduct of mining for other metals. Primary silver producers actually managed a 1% increase. Supplies from scrap dwindled once again, despite the higher average silver price in 2016 vs. 2015. The total amount of scrap returned for refining […]

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The Amazing Amount Of Leverage In The Silver Market

While many precious metals investors realize the massive amount of paper trading leverage taking place in the gold market, they should see what is going on in the silver market. In a previous article, I provided data showing that an amazing $ 9.8 trillion of notional gold paper trading took place on the world’s exchanges in 2016 versus $ 42 billion in actual physical gold investment. This was a paper to physical ratio of 233 to 1. However, the amount of paper trading leverage in the silver market is much higher than that. But, before I get into the specifics […]

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Mining Stocks Rebound; Craig Hemke: Silver Manipulation Like NEVER Before

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up you’ll hear a tremendous interview with Craig Hemke of the TF Metals Report. Craig pulls no punches in calling out the foolish speculators who inadvertently perpetuated the silver price manipulating schemes by continuing to make bad bet after bad bet in the futures market. He’ll explain what’s been happening and what it will take to bring the whole flawed price discovery mechanism down. You simply will not want to miss a truly fantastic interview with Craig Hemke, coming up after this week’s market update. Despite a rough several […]

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Silver Price Much Higher As Dow Jones-Silver Ratio Falls

Just like the current market frenzy pushing Bitcoin to new all-time highs, the same sort of buying mania will also push the silver price to new highs. Even though the silver price and precious metals sentiment have fallen considerably, the market has no clue just how undervalued the shinny metal truly is. Very few investors realize that the Dow Jones-Silver ratio back in 1981 was 50/1. Which means, 50 ounces of silver would buy the Dow Jones Index 46 years ago. Today, the Dow Jones-Silver ratio is trading above a staggering 1,200/1. Thus, it takes 1,200 ounces of silver to […]

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London Silver Fix Is In Trouble

The London Bullion Market Association (LBMA) is struggling to find new operators to manage the daily silver “fix” price. Thompson-Reuters and the CME Group – which operate the COMEX exchange – are withdrawing from their role in establishing the daily benchmark price. The process these firms manage was set up in recent years to replace the antiquated and corruption-prone system by which insiders formerly set the daily silver price. A handful of bankers used to agree on the price during a private conference call held each day. When damning evidence emerged that bankers often cheated by setting prices to their […]

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Short Position on Silver Prices; George Leef on Sound Money

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll dive into a disturbing topic of just how far our nation has strayed from the Founding Fathers’ ideals when comes to sound money – with devastating effects on our freedoms and the economy. In my exclusive interview with George Leef of Forbes Magazine, you’ll also learn about the growing movement to restore gold and silver back into the monetary system. Don’t miss my conversation with George Leef, coming up after this week’s market update. A busy news week in Washington gave investors cause for both hope and […]

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Global Silver Mining Industry Productivity Falls; Lowest in History

After the Primary Silver Mining Industry enjoyed a brief increase in productivity over the past two years, it fell to the lowest ever in 2016. The reason the primary silver mining industry’saverage yield increased in 2014 was due to the addition of Tahoe Resources high-grade Escobal Silver Mine. Tahoe’s Escobal Silver Mine’s average yield in 2014 was an astonishing 16.3 ounce per ton (oz/t). Not only did Escobal Mine enjoy one the highest silver yields in the world, it produced over 20 million oz (Moz) in 2014. Thus, the addition of Tahoe to the Top Silver Miners pushed their average […]

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