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A bit late with this one. Sunday Reading – An Act of War in Charlottsville? I’m going to group the two companies in one piece today for a number of reasons. Inflation is directly responsible for the price increase of everything. That doesn’t mean that all commodities or financial instruments go up in unison, they don’t. But soybeans or silver are not inherently more valuable today than they were a hundred years ago. What has changed is the value of the dollar, not the commodity.
Markets search constantly for the correct price. That is why prices go up and prices go down. In his book Nobody Knows Anything, my friend Bob Moriarty wrote about the difference between signal and noise. Unfortunately, much of the information in the gold space or what passes for such is really noise.
18- Gold Price Forecast: Will Gold Prices Ever Bottom? The 2-month assault on gold seems never-ending. From a sentiment point of view, nearly everyone is bearish. I’ve seen this scenario play out many times. I can assure you, prices will find a bottomif they haven’t already. The intermediate cycle has averaged about 23-weeks, so we are well overdue for a bottom. 2-months, gold miners remained relatively stable.
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It speaks of a hidden energy that once loose, should deliver brilliant gains. This week, Your News to Know rounds up the latest stories involving gold and the overall economy. 1,300, and buying gold and dumping stocks is a no-brainer this summer. Could the gold market be facing the prospect of dwindling mine supply?
In fact, some believe the decline may already be underway. A sovereign coin, silver, a Krugerrand, and a sweet price to boot! The South African Mint really hit it out of the park with this one! Many precious metal bullion buyers have been hoping for a competitively priced 1 oz Silver Krugerrand bullion coin.
After last year’s higher price limited issuance, it appears the South African Mint has heard silver bullion buyers loud and clear having just released their first competitively priced Silver Krugerrand Coin. As de-dollarization continues, and even tiny nations have big plans for upping their gold reserves. The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia,Kyrgyzstan is stockpiling gold. It wants to increase gold from 16 percent to 50 percent as part of its international reserve. Tolkunbek Abdygulov of the Kyrgyz Central Bank has stated that any currency, whether dollars, rubles, or yuan, has become too vulnerable.
The small mountain nation, with a population of 6 million, relies heavily on Russian and Chinese imports. On May 4 and 5, 2018, Warren E. Peoples’ enthusiasm is understandable: From 1965 to 2017, Buffett’s Berkshire share achieved an annual average return of 20. 18- Is There A Massive U. Gold Deposit Hidden In The Chocolate Mountains, California?
Government hiding a massive gold deposit in the Chocolate Mountains in California? Well, according to a few top-notch conspiracy theorists, the U. Congress passed the Desert Wilderness Protection Act that has cordoned off this vast gold discovery from the public. A few months ago I sent you a note explaining that major gold discoveries are shrinking. Simply put, mining companies are no longer finding vast, new deposits of gold to replace their aging mines.
5 to 10 million ounce deposits. This week, Your News to Know rounds up the latest news stories involving gold and the overall economy. Stories include: Gold has bottomed out and will soon go up, the gold market is starting to heat up, and gold’s value to technology sector will lead to a major spike in demand. In a recent interview with Kitco, Incrementum AG’s fund manager Ronald-Peter Stoeferle said that gold’s hardships could soon be over as the metal readies for another bullish run.
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Stoeferle sees numerous tailwinds for gold, not the least of which is a potential reversal of the dollar’s gains. Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. For six consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 224 tonnes in 2017 and overtaking China to hold the fifth spot, according to the GFMS Gold Survey.
For most of human history gold was money. The currencies that circulated were silver, gold or paper backed by silver and gold. In 2018 we live with the Internet, fast communications, and huge piles of unpayable debt. The owners of debt paper believe debt is an asset. Rising interest rates make the debt destructive and the debt service more onerous.
18- Silver will be gold on steroids! Rather than write on a planned topic, I received at least 20 e-mails yesterday on the same subject so had to switch gears. The e-mails were all panicky because an analyst who works in the precious metals industry suggested that silver will not perform as gold will in the coming reset. I feel the need to address this because I believe it is faulty analysis and may have motivation behind it. I will not name the analyst but can be easily discerned. In an interview it was said that during the Weimar experience, gold performed extremely well but silver lagged. It is for this reason they suggested not to pay attention to the current out of whack silver to gold ratio north of 80-1 and it will not narrow.
This is just wrong for so many reasons. First, the ratio of silver to gold worldwide at the time was roughly 15-1. 67 per ounce in dollar terms. There are two crucial factors why silver will increase more in value than gold during the next financial meltdown. These factors are not well known by many precious metals analysts because they focus on antiquated information and knowledge. While several individuals in the precious metals community forecast a much higher Gold-Silver ratio during the next financial crash, I see quite the opposite taking place. For example, Lynette Zang, at ITM Trading, has suggested in recent videos, that the gold to silver ratio will increase significantly during the upcoming currency reset.
38 trillion in uncleared derivatives contracts. Derivatives allow trading of assets that derive their value from elsewhere. For example, credit swaps and options are two common derivatives. Gold and silver sold off last week, and as shown in our headline chart, have lost nearly all the gains made since the last major turning point on 11 December 2017. 9 of that low, and silver 30 cents. It often happens that gold and silver prices hit low points in June and December, before rallying sharply. The reason is not hard to understand: traders at the bullion banks close their books at the year and half-year ends and are almost certainly instructed by their superiors to reduce their trading positions to as low a level as possible.
This is because the banks wish to report balance sheets that reflect low risk exposure for the purpose of making regulatory returns. It’s been a while since I’ve covered the precious metals in an article. They’ve been range-bound for much of the past year, with few notable sector developments to report. There’s been lots of talk about a second civil war, but looking at the action in the dollar and the metals tells a different story. Is the United States really on the brink of civil war?
Which I’m sure the trendies are calling Civil War 2. 0, as if war was somehow cool. Or at least things aren’t as deadly serious as they sound. Here is what I have been able to gather, from reading Steve St.
So now you have an abundant income in dollars, because your mine has been a successful venture. But think about this: when you get those dollars of income from your mine, are you really registering profits? What if we never went off the gold standard? What if the Fed were never created in the first place? What if the federal government wasn’t allowed to treat debt ceilings and government shutdowns with such casual disdain?
Of course, all of those ships have sailed. 18- How Long Can This Last? The global economy has adapted so far without any major problems. But how long can this last? And what does it ultimately mean for the gold market?
Let’s look at the chart below. As one can see, the U. And they breached 3 percent in the second quarter of 2018, attracting investors’ attention all over the world. Ideally you want to enter at a price that is low enough, so you can store as much value in your portfolio as possible. Gold prices are down and hit another six-month low in early-afternoon U.
However, prices have moved up from their daily lows. The specter of a global trade war continues to dent trader and investor confidence and is pressuring world stock and commodity markets. Gold and silver continue to act like the raw commodities they are, instead of safe-haven stores of value. The Chinese stock market took a hit today. The Shanghai Composite Index ended the session down 3. Investors are starting to worry that Donald Trump is deadly serious about his enthusiasm for a trade war, that’s what’s wrong. Trump has a point on China, although that doesn’t mean this is a good idea.
I found him immensely entertaining, the teaching staff and my fellow students did not entirely agree. But the truth is it shouldn’t be worrying. Here’s why gold investors shouldn’t worry. I am sure you remember the lead up to Q1 2016. The US economy and stock market were transitioning from a Goldilocks environment and narrowly avoiding a bear market while the rest of the world was still battling deflation. Precious metals and commodities were in the dumper and try though US and global central banks might, they seemed to fail to woo the inflation genie out of its bottle at every turn.
Then came December of 2015 when gold and silver made bottoms followed by the gold miners in January of 2016. Debt Defaults, Stock Shocks, Bond Bubbles, Properties Popping, Derivative Defaults and Banks Busting. Well that is just some of the events that twill take place in the next few years. But the world is living in ignorant bliss of what is coming next. Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world’s monetary system, based on the paper dollar as the fundamental currency of the world.
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Silver soared recently and white metal’s rally was accompanied by a huge volume. Those who are new to the precious metals market will probably immediately view this as bullish as that’s what the classic technical analysis would imply. Silver is not a classic asset, though, and classic measures often don’t apply to it. One way to check the real implications of a given development is to examine the previous cases and see what kind of action followed. As the world continues to see economic improvements, specifically within the US and major global markets, Gold and Silver are relegated to an after-thought by investors.
If we were to believe Mr. Dent, then it would be bad news for gold investors. However, Harry Dent’s gold price forecast is quite faulty because he fails to consider the most critical factor. The end of the Commodity Super-Cycle. Dent sees nothing but massive deflation ahead. Thus this will cause the gold price to fall along with all commodities. He Ran Into My Knife Ten Times.
In 1913 congress approved The Federal Reserve, the U. This knife cut deep and caused huge economic blood loss. The fundamental drivers for Gold and the US Dollar are similar and that is why they typically trend together. Gold and the same drives the greenback though with respect to differentials between the other competing currencies.
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When real rates are rising or strong in the US that is bearish for Gold and bullish for the US Dollar. Gold’s breakout from its giant 5-year base pattern has had to wait for the dollar rally to run its course, which it now appears to have done, and this being the case, gold is now free to break out into a major bull market that looks set to dwarf all prior ones. There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in Asia. With Donald Trump close to re-instituting economic sanctions on Iran, it’s worth remembering that gold served as a tool for skirting the the last round of Iranian sanctions.
If a blockade were to be re-imposed on Iran, might this role be resuscitated? The set of sanctions that the U. Iran back in 2010 can be best thought of as a monetary blockade. Iran engage in sanctioned activities would be fined. Iranian payments or lose their accounts. The main objective behind the sea route plied by Spanish galleons was to establish trade with China. These European vessels became known as China Ships.
They transported silver from the Americas to exchange for goods in Asia, mostly commodities of Chinese origin. It can be argued that when Spain instituted a common currency in the form of the Real de a Ocho, also known as Pieces of Eight, or the Spanish dollar, globalisation’s first chapter had been written. The acceptance of the dollar coins for commercial transactions throughout Asia, the Americas and much of Europe, resulted in a cultural exchange between nations, as well as the relatively free movement of people and goods between the three continent. Global assets have gone up 26 fold during this period. So whilst global assets have gone up 26x since 1980, gold has just managed to go up 2x. 35 in 1971 so it had already benefitted from a substantial rise by 1980. Despite the insistence of some, precious metals have not been in a bull market.