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  • Fed’s Serious Inflation Risks
    By on October 8, 2015 | No Comments  Comments
    Traders today universally believe inflation is dead, that there is no persistent decline in the purchasing power of money.  That’s what government price indexes around the world are indicating.  But this false notion is one of recent years’ main Fed-conjured illusions.  Price inflation is the...
  • Gold’s Dead-Wrong Psychology
    By on September 26, 2015 | No Comments  Comments
    Gold has lapsed deeper into pariahdom this year, becoming the most-hated investment class in all the markets.  Traders are avoiding it like the plague, utterly convinced gold is doomed to spiral lower perpetually.  But this wildly-bearish psychology is dead wrong.  Financial markets are forever c...
  • Higher Interest Rates? Not Next Month, Not Even Next ...
    By on September 19, 2015 | No Comments  Comments
    Not only did the Fed vote to keep interest rates stable yesterday, it did so overwhelmingly — with just as many members apparently favoring lower rates as higher. Now all the people who bought the “rate normalization” promise/threat are backtracking. From today’s Bloomberg: Expecting a Fed ...
  • Fed’s Vast Gold/SPX Impact
    By on September 19, 2015 | No Comments  Comments
    Yesterday’s Fed decision was one of the most anticipated ever, with much potential to really change the global financial-market dynamics going forward.  But thanks to the Fed’s incredible market distortions of recent years, Fed meetings spawning exceptional volatility is nothing new.  Fed deci...
  • Silver’s Vexing Slumber
    By on September 13, 2015 | No Comments  Comments
    Silver has had a rough year, slumping to major new secular lows.  After sliding on balance for years now, even the diehard silver bulls are losing faith in their metal.  But despite its vexing slumber, silver’s price-appreciation potential from today’s levels remains enormous.  Between radica...
  • Fed’s Stock Levitation Failing
    By on August 29, 2015 | No Comments  Comments
    The US stock markets just suffered an extraordinary plunge, shocking traders out of their complacency psychosis.  This cast the foundational premise behind recent years’ incredible stock-market levitation into serious doubt.  Traders are finally starting to question whether central banks can ind...
  • Gold Juniors’ Strong Financials
    By on August 22, 2015 | No Comments  Comments
    The smaller gold miners and explorers have suffered catastrophic stock-price losses in recent years.  These extreme declines have led investors and speculators to assume that much of this sector won’t survive lower prevailing gold prices.  But nothing could be farther from the truth.  The hated...
  • Gold Miners’ $1200 Cost Fallacy
    By on August 17, 2015 | No Comments  Comments
    The entire gold-mining sector was crushed last month, suffering a full-blown panic.  This was triggered by an extreme shorting attack on gold by American futures speculators.  As fear-blinded traders rushed for the gold-stock exits, they claimed their selling was rational because gold miners’ ve...
  • Gold’s Artificial Lows
    By on August 8, 2015 | No Comments  Comments
    With gold languishing near deep secular lows, its technicals look hopelessly broken.  Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely.  But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundam...
  • Gold’s Amazing Resiliency
    By on August 3, 2015 | No Comments  Comments
    Gold has certainly had a rough summer, facing withering selling pressure from record futures shorting.  The resulting new secular lows have greatly exacerbated the already-extreme bearish psychology long plaguing this metal.  But considering the howling headwinds gold has suffered in recent years,...
  • Currencies Depend on Faith, Gold Doesn’t
    By on July 30, 2015 | No Comments  Comments
    In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, eleva...
  • China: Major Devaluation Coming
    By on July 29, 2015 | No Comments  Comments
    The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s b...
  • Central Banks Ready To Panic — Again
    By on July 27, 2015 | No Comments  Comments
    Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger commodities/derivatives bubble is threatening to finish the job. Raw materials are tanking as capital pours out of the most heavily-impacted countries and into anything that look...
  • Absurd Gold Stock Levels…
    By on July 25, 2015 | No Comments  Comments
    Gold stocks suffered a full-blown panic this past week!  This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold.  After gold’s major multi-year support failed in this Machiavellian onslaught, gold stocks plummete...
  • Record Gold/Silver Shorting
    By on July 18, 2015 | No Comments  Comments
    The miserable summer for precious metals grinds on, with both gold and silver limping along near major lows.  Such dismal price action has exacerbated the extreme bearishness long plaguing this sector, sparking even more capitulation.  But this incredible weakness will be short-lived, as it was dr...
  • Fed’s Full Normalization
    By on July 4, 2015 | No Comments  Comments
    The US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years.  With key world stock markets near record highs, traders universally love the Fed’s zero-interest-rate and quantitative-easing campaigns.  But this celebration is terribly ...

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