Tuesday, May 21, 2024

Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults / Commodities / Gold & Silver 2024

By: Hubert_Moolman

Over the last 125 years, the silver chart has formed two remarkable, similar patterns. The chart below shows a yearly silver chart (only closing values):

Sunday, May 19, 2024

Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! / Currencies / Bitcoin

By: Nadeem_Walayat

Dear Reader

Bitcoin sets a new all time high of $69,000 before the exchanges pulled the rug on leveraged longs by dumping BTC down to 59,976 within a few hours of the high, job done and bitcoin is back to near where it was before the rug pull. Think about that for a moment, Bitcoin just dumped near $10k in a few hours and then recovered almost all of it! And this bull market is only getting started!

Sunday, May 19, 2024

Important Economic And Geopolitical Questions And Their Answers! / Politics / US Economy

By: Raymond_Matison

Determining America’s economic trends and world leadership position is no longer difficult; all we need to do is to answer some simple but foundational questions – and the answer becomes startingly clear.  Join in, and see if your own answer to these questions, if markedly different from the ones cited here, leads to a similar or a credible conclusion, giving you clarity on this important American citizen and investor issue.

Sunday, May 19, 2024

Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany / Politics / Palestine

By: N_Walayat

No Ferro Roche at the UN as the Pakistani Ambassador at the UN Grows a pair of balls and accuses Israel of Being Like Nazi Germany in their genocide of the Palestinian people where leaked documents are revealing Israeli intelligence's hands behind the October 7th false flag attack.

Sunday, May 19, 2024

Could We See $27,000 Gold? / Commodities / Gold & Silver 2024

By: MoneyMetals

Could we see $27,000 gold?

That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.

Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold demand has remained robust. Central banks globally are adding gold to their reserves, as have investors, particularly in the East.

Sunday, May 19, 2024

Gold Mining Stocks Fundamentals / Commodities / Gold & Silver Stocks 2024

By: Zeal_LLC

The major gold miners just wrapped up another quarterly earnings season, reporting great results.  Sector unit profits continued blasting higher on stable production, lower mining costs, and record prevailing gold prices.  Yet individually plenty of majors still struggled with rising expenses or lower output.  So deploying capital in miners to leverage gold’s remarkable breakout requires handpicking fundamentally-superior stocks.

The GDX VanEck Gold Miners ETF remains this sector’s dominant benchmark.  Birthed way back in May 2006, GDX has parlayed its first-mover advantage into an insurmountable lead.  Its $13.9b of net assets mid-week dwarfed the next-largest 1x-long major-gold-miners ETF by nearly 28x!  GDX is undisputedly the trading vehicle of choice in this sector, with the world’s biggest gold miners commanding most of its weighting.

Gold-stock tiers are defined by miners’ annual production rates in ounces of gold.  Small juniors have little sub-300k outputs, medium mid-tiers run 300k to 1,000k, large majors yield over 1,000k, and huge super-majors operate at vast scales exceeding 2,000k.  Translated into quarterly terms, these thresholds shake out under 75k, 75k to 250k, 250k+, and 500k+.  Those two largest categories account for fully half of GDX.

Sunday, May 19, 2024

The Gold and Silver Ship Will Set Sail! / Commodities / Gold & Silver 2024

By: MoneyMetals

Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range.

That's a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we've experienced that continues to rapidly devalue the dollar.

That leaves many people wondering when gold is really going to break out.

Friday, May 10, 2024

Micro Strategy Bubble Mania / Currencies / cryptocurrency

By: Nadeem_Walayat

Micro strategy went nuts Friday ending the session at $1106 which prompted my early Monday Morning Market brief warning that MSTR was primed for a huge pump and dump, so get ones limit orders in place to capitalise on what could turn into an epic first few days of the week, where I imagined we could even reach something like 1296 before the bubble popped. However reality turned out to be even crazier and more volatile.

Friday, May 10, 2024

Biden's Bureau of Labor Statistics is Cooking Jobs Reports / Economics / Economic Statistics

By: MoneyMetals

Last Friday’s Bureau of Labor Statistics employment report showed that U.S. employers added some 175,000 jobs in April.

But while April’s numbers captured most of the headlines, the same jobs report also contained downward revisions for earlier this year, with the BLS admitting that “employment in February and March combined is 22,000 lower than previously reported.”

Thursday, May 09, 2024

Bitcoin Price Swings Analysis / Currencies / Bitcoin

By: Nadeem_Walayat

Just as the 2021 Bitcoin bull market illustrated one can expect sizeable corrections during this bull market following a break to a new all time high in addition to the 10% intra-day swings where 2021 saw 3 major down swings of -31%, -25%, and -17% before the mini bear market ahead of the actual final high.

However, the swings to date averaging just -20% for THIS bull market have been a lot milder to date. So it's a choice between using the previous bull markets swings or this bull markets swings in attempts to extrapolate how the tops and bottoms will play out. However, given that most recent price action is more important than for this exercise I have gone with the most recent swings as likely to be more representative of what could come to pass.

Thursday, May 09, 2024

Could Chinese Gold Be the Straw That Breaks the Dollar's Back? / Commodities / Gold & Silver 2024

By: MoneyMetals

There are cracks in the foundation of dollar dominance. Could Chinese gold be the straw that breaks the dollar’s back?

In a column published by the Telegraph, economist Julian Jessop points out that people have been predicting the dollar's demise for decades. Eventually, they'll be right.

“And that day may be drawing much closer.”

It may seem premature to talk about the demise of the dollar. Based on the dollar index, the greenback is stronger than ever. But this doesn’t necessarily reflect the greatness of the dollar. It’s more a function of weakness in other global currencies. As the saying goes, the dollar is the cleanest dirty shirt in the laundry.

Thursday, May 09, 2024

The Federal Reserve Is Broke! / Interest-Rates / US Federal Reserve Bank

By: MoneyMetals

The Federal Reserve is losing billions of dollars. As financial journalist and market analyst Jim Grant put it during a recent interview on Fox Business, the Fed is actually broke.

But most people don't seem concerned about the central bank's financial condition. They are more concerned about what Donald Trump may do to the Fed if he wins the election.

Thursday, May 09, 2024

The Elliott Wave Crash Course / InvestorEducation / Elliott Wave Theory

By: EWI

Dear reader,

It's always a good idea to get a refresher on the basics of Elliott wave analysis.

Wednesday, May 08, 2024

Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 / Currencies / Bitcoin

By: Nadeem_Walayat

Bitcoin sets a new all time high of $69,000 before the exchanges pulled the rug on leveraged longs by dumping BTC down to 59,976 within a few hours of the high, job done and bitcoin is back to near where it was before the rug pull. Think about that for a moment, Bitcoin just dumped near $10k in a few hours and then recovered almost all of it! And this bull market is only getting started!

Wednesday, May 08, 2024

Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now / Stock-Markets / Stock Markets 2024

By: EWI

"How High Can Markets Go?" -- asks this magazine cover

Paul Montgomery's Magazine Cover Indicator postulates that by the time a financial asset makes it to the cover of a well-known news weekly, the existing trend has been going on for so long that it's getting close to a reversal.

A classic case in point is this Time magazine cover from June 13, 2005:

Wednesday, May 08, 2024

Copper: The India Factor / Commodities / Copper

By: The_Energy_Report

Michael Ballanger of GGM Advisory Inc. shares how India's copper demand may impact the metal's price. Ballanger also reviews the gold and silver market, and shares one company he thinks might have a VMS project.

As I was doing some research this week on the history of copper demand, what started as a focus on China wound up with some interesting revelations surrounding the economic history of neighboring India. Despite going to high school with a number of classmates who had immigrated from India, I never actually took the time to understand the rich history of India, largely because the narrative was always centered around the British Raj and how colonialism saved the poor savages from a grim future.

Wednesday, May 08, 2024

Gold 2008 and 2022 All Over Again? Stocks, USDX / Commodities / Gold & Silver 2024

By: P_Radomski_CFA

Can the HUGE price move from those years really be repeated?

Analogous Situations: 2008, 2022, and Now

As gold continues to move back and forth in the same trading range, I decided to dedicate today’s analysis to something different. After all, I already described my current gold price forecast for May 2024 and the situation in the forex market remains just as I had described it earlier.

Wednesday, May 08, 2024

Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich / Politics / Palestine

By: N_Walayat

I say this as a holocaust Survivor that the genocide in Gaza, is not happening in my name and in our name. The way that the Israeli government is using the memory of the Holocaust in order to justify what they're doing to the Gazans is a complete insult to the memory of the Holocaust it's an outrage. When I saw the Israeli ambassador to the United Nations putting on a yellow star it was stomach turning.

Wednesday, May 08, 2024

Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children / Politics / Palestine

By: N_Walayat

Israel's game plan from the orchestrated Oct 7th False Flag attack is to kill as many Palestinian children as they can so that they don't grow up to become Palestinian freedom fighters. and so having concentrated the civilian population in Gaza Israel's army is about to launch a full assault on the concentration camp to this end, all whilst perpetuating propaganda that they are the victims which is akin to the Nazi Germans propaganda that they were the victims at the hands of concentration inmates. History has come full circle as those who should never again are the ones doing it again, a Palestinian Holocaust at the hands of the Fourth Reich.

Friday, May 03, 2024

THE GLOBAL WARMING CLIMATE CHANGE MEGA-TREND IS THE INFLATION MEGA-TREND! / Politics / Climate Change

By: Nadeem_Walayat

I won't bore you with worthless academic models that started from a 0.8c rise this century ranging all the way to +3c. The IPCC still cling onto hopes of limiting a rise in average temperatures to just +2c, on the basis of the world going carbon net zero by 2050 by means of removing 11gt of carbon per year, IPCC fiction vs current reality of just 2 million tonnes of carbon removal per year or 0.02% of target! It's too late where even as if by magic the clown politicians all sat down and agreed to go carbon neutral right now won't make any difference because Co2 is NOT the PRIMARY DRIVER! It's what tipped the climate over the edge in search of a new higher equilibrium, the temperature will now rise regardless of what humanity does to limit carbon emissions.