Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
US Treasury Bonds Pause Near Resistance Before The Next Rally - 18th Oct 19
The Biggest Housing Boom in US History Has Just Begun - 18th Oct 19
British Pound Brexit Chaos GBP Trend Forecast - 18th Oct 19
Stocks Don’t Care About Trump Impeachment - 17th Oct 19
Currencies Show A Shift to Safety And Maturity – What Does It Mean? - 17th Oct 19
Stock Market Future Projected Cycles - 17th Oct 19
Weekly SPX & Gold Price Cycle Report - 17th Oct 19
What Makes United Markets Capital Different From Other Online Brokers? - 17th Oct 19
Stock Market Dow Long-term Trend Analysis - 16th Oct 19
This Is Not a Money Printing Press - 16th Oct 19
Online Casino Operator LeoVegas is Optimistic about the Future - 16th Oct 19
Stock Market Dow Elliott Wave Analysis Forecast - Video - 16th Oct 19
$100 Silver Has Come And Gone - 16th Oct 19
Stock Market Roll Over Risk to New highs in S&P 500 - 16th Oct 19
10 Best Trading Schools and Courses for Students - 16th Oct 19
Dow Stock Market Short-term Trend Analysis - 15th Oct 19
The Many Aligning Signals in Gold - 15th Oct 19
Market Action Suggests Downside in Precious Metals - 15th Oct 19
US Major Stock Market Indexes Retest Critical Price Channel Resistance - 15th Oct 19
“Baghad Jerome” Powell Denies the Fed Is Using Financial Crisis Tools - 15th Oct 19
British Pound GBP Trend Analysis - 14th Oct 19
A Guide to Financing Your Next Car - 14th Oct 19
America's Ruling Class - Underestimating Them & Overestimating Us - 14th Oct 19
Stock Market Range Bound - 14th Oct 19
Gold, Silver Bonds - Inflation in the Offing? - 14th Oct 19
East-West Trade War: Never Take a Knife to a Gunfight - 14th Oct 19
Consider Precious Metals for Insurance First, Profit Second... - 14th Oct 19
Stock Market Dow Elliott Wave Analysis Forecast - 13th Oct 19
The Most Successful IPOs Have This One Thing in Common - 13th Oct 19
Precious Metals & Stock Market VIX Are Set To Launch Dramatically Higher - 13th Oct 19
Discovery Sport EGR Valve Gasket Problems - Land Rover Dealer Fix - 13th Oct 19
Stock Market US Presidential Cycle - Video - 12th Oct 19
Social Security Is Screwing Millennials - 12th Oct 19
Gold Gifts Traders With Another Rotation Below $1500 - 12th Oct 19
US Dollar Index Trend Analysis - 11th Oct 19
China Golden Week Sales Exceed Expectations - 11th Oct 19
Stock Market Short-term Consolidation Does Not change Secular Bullish Trend - 11th Oct 19
The Allure of Upswings in Silver Mining Stocks - 11th Oct 19
US Housing Market 2018-2019 and 2006-2007: Similarities & Differences - 11th Oct 19
Now Is the Time to Load Up on 5G Stocks - 11th Oct 19
Why the Law Can’t Protect Your Money - 11th Oct 19
Will Miami be the First U.S. Real Estate Bubble to Burst? - 11th Oct 19
How Online Casinos Maximise Profits - 11th Oct 19
3 Tips for Picking Junior Gold Stocks - 10th Oct 19
How Does Inflation Affect Exchange Rates? - 10th Oct 19
This Is the Best Time to Load Up on These 3 Value Stocks - 10th Oct 19
What Makes this Gold Market Rally Different From All Others - 10th Oct 19
Stock Market US Presidential Cycle - 9th Oct 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Gold and Silver Sentiment Stinks... And That's a Good Sign

Commodities / Gold and Silver 2015 Jun 11, 2015 - 06:10 PM GMT

By: MoneyMetals

Commodities

Markets typically bottom out when popular sentiment is negative. And a recent analysis by Bloomberg confirms that the public has all but given up on precious metals. Assets in exchange-traded products tied to metals prices fell to their lowest point since 2009.

While holders of coins and other physical bullion products tend to hang tight during adverse market conditions, holders of derivate instruments are more likely to move in and out of the market – usually at the wrong times.


Sentiment could conceivably go from bad to worse. But history shows that opportunists who buy when times are tough ultimately rewarded with an opportunity to sell when times are euphoric.

Time for Presidential Aspirants to Take a Stand on Sound Money

So, how many Republicans will announce a run for the White House this week?!

The most recent candidate to officially throw his hat into the crowded ring is Rick Perry, former governor of Texas. Perry had supported legislation to establish a Texas Bullion Depository in 2013. Just a few days ago, the Texas legislature finally approved a bill to that effect.

The Texas Bullion Depository will allow government agencies, private institutions, and individuals to hold gold with the backing of the state Comptroller's Office. Down the road, the first of its kind Bullion Depository could enable Texas to become more financially independent of the U.S. government and Federal Reserve System.

Monetary reform is an issue that could give Governor Perry traction. Though his shaky debate performances doomed his candidacy last time around, he is one of the few candidates who can viably run on a record of growing jobs.

In fact, without the 1.5 million job gains produced in Texas from 2008 through 2014, the U.S. would have suffered a net loss of 400,000 jobs.

The extent to which Governor Perry caused Texas’ private-sector hiring spree is debatable. What’s not debatable is that for the vast majority of Americans living outside Texas, the economy isn’t producing enough jobs.

Official reports may show unemployment steadily declining nationwide, but the “unemployment rate” is such a sham statistic that not even Federal Reserve officials give it much credence in assessing the state of the jobs market. They know that the actual rate of workforce participation has barely budged from multi-decade lows recorded at the onset of President Obama’s second term.

And privately, Fed officials must know that their policies are failing most Americans. The public by and large hasn’t participated in the Fed-fueled stock market advance.

Wall Street has been taken care of. The banks have been taken care of. The government has been taken care of. But Main Street still struggles.

Instead of getting a bailout, taxpayers are getting a massive bill. Thanks to the Fed’s trillion dollar Quantitative Easing bond-buying campaign, Congress gets to borrow at artificially low rates.

The Fed-backed Congress feels no pressure to cut spending, and few members of Congress are willing to do so purely out of principle.

It’s politically easier just to saddle future taxpayers with unconscionable levels of debt.

When the debts become too large for taxpayers to service, the Fed gives Congress the ability to pull a stealth default through inflation. As Pippa Malmgen, former member of the President’s Working Group on Financial Markets, explained in an exclusive Money Metals podcast interview last week, “Inflation is a form of default. It's a means by which a government ends up paying back less than they borrowed.”

That’s the road policymakers are taking us down.

It’s not our place here at Money Metals Exchange to endorse candidates for public office. However, we do view it as part of our mission to help educate the electorate about sound money. Toward that end, we hope the presidential candidates are asked – and asked until they give a straight answer – how they would rein in the Fed.

For more information on sound money as it relates to the various presidential candidates, please read this recent report from the Sound Money Defense League.

By Stefan Gleason

MoneyMetals.com

Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 "Dealer of the Year" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.

© 2015 Stefan Gleason - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules