If we close above the latter, then the bottom is likely in place and a truly historic rally has begun. Both Western and Eastern central banks are now fully supporting gold. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.
Spot palladium gained Stay current with the latest in precious metals news from around the world. Gold prices should move up gradually in and prove to be a useful portfolio diversification tool to help you reduce overall portfolio risk.
Powered by technology from Tradewind Markets, VaultChain Gold and Silver are backed by physical bullion stored in the vaults of the Royal Canadian Mint, the Canadian sovereign-backed gold depository.
Learn more about Sprott's exciting initiatives in the digital gold space. Sprott Resource Holdings Inc. You are now leaving Sprott. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.
Our deep sector expertise creates investment and financing solutions unparalleled in the industry. Subscribe to Sprott Insights. The firm died, called a financial failure, but was actually a strangulation. Goldman went on to capture AIG, in order to claim cents per dollar on insured mortgage bonds, a second crime. They stole it, using the fund for enriching themselves with redeemed preferred stock, instead of making the funds available for lending purposes.
Over the past week, the gold and silver prices have held up rather well compared to the overall markets. While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it seems that the metals continue to be very resilient during large market corrections.
Now, I am not saying that the metals prices cannot fall any lower, but a lot of the leverage in the gold and silver market has already been removed and is now at a near all-time low. So, even though we could see weaker precious metals prices, the overwhelming leverage and bubble asset prices are in the stock and real estate markets.
Gold is looking interesting. The 2-year yield and the 5-year yield have inverted but not yet the 2-year yield and the year yield, the curve that is watched most. We know that an inversion of the yield curve precedes a recession and bear market. That is good for gold.
The big question on the minds of most investors is what will happen to the markets and precious metals in Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy. If the oil price continues to decline, it will indicate a deflationary outcome for the economy and markets. While this sounds counter to the notion that falling oil prices will drive higher consumer demand, we also must remember that it will negatively impact the U.
It was an unprecedented run. As you probably know, central banks hold a portion of their reserves in gold. The practice goes back to when central banks actually had to have gold on hand to trade in and out of paper money or even trade for goods and services.
This peace was hammered out at a dinner among the heads of the five families. Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only go up. But the support from West and East is very different. Western central banks have not been friendly to gold for decades as they have significantly reduced their holdings.
To every thing there is a season, and a time to every purpose under the heaven. He recommended selling the Dow and buying gold when the ratio was above 15 the Dow is too high compared to gold and selling gold and buying the Dow when the ration was below 5 the Dow is cheap compared to gold. I then back tested trading the gold: A few follow up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals.
Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct 9, nearly a month before it was unsealed on Nov 6. With a rather short sentencing date approaching on Dec 19, and the time it took to unseal the plea, it may be assumed that the trader has already fully cooperated in the hopes of reducing his jail time, said to approach 30 years with no cooperation.
Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment has grown the most since the financial crisis compared to the other sectors.
And while industrial users consume the highest amount of silver in the overall market annually, its total demand has fallen over the past decade. Going forward, there are — and will continue to be — three primary drivers of global physical gold and silver demand.
During certain times in the past only one or two of these elements provided most of the momentum. However, as we move into , and for possibly the next years, all three will be in play. They will operate synergistically to consistently motivate increased precious metals' buying around the globe. This will happen, even as meeting that demand with sufficient new supply becomes problematic. A chart that might give hope to gold bugs, silver to surprise with a rally by year-end, and global growth worries could boost gold demand.
After running lower for consecutive years, the greenback reversed course around January and has resisted a correction. Part II Chris Vermeulen.
If you missed the first part of this article, please take a minute to review it by before continuing further. Our attempt at finding anything new that could help us determine the future outcome of the metals markets and to either support or deny our future expectations that the metals markets are poised for a massive price advance was at stake. Doubtless, this is due to the December contract running off the board. The active December contract expires next week, and , contracts will have to be liquidated or rolled forward.
But if the shorts are reluctant to roll positions forward, then a bear squeeze should ensue. Traders will be looking for news and rumour for guidance, and ahead of the G20 meeting in Buenos Aires, there are likely to be plenty. The dollar is, technically, a currency.
A currency is a government substitute for money. Historically, many things have been used as money. Cattle have been used as money in many societies, including Roman society. The North American Indians used seashells. Cigarettes were used during WWII. So, money is simply a medium of exchange and a store of value.
This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. In May, President Trump signed the rewrite of the Dodd-Frank law passed earlier by Congress with rare bipartisan support. The bill is the biggest rollback of bank rules since the financial crisis.
On Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. Part I Chris Vermeulen. Are the metals markets ending a price correction in unison and preparing for a massive price advance? This is the question we asked our research team to investigate and their findings may help skilled traders identify great opportunities in the future.
This multi-part research article will share our most recent opinion about the metals markets as well as share some critical new data that can shed some light into what we believe will become a massive upside price rally in the metals markets. Let's get into the data. The Primary Silver Miners lastest results were quite dismal as their All-In Sustaining Costs to produce silver were considerably higher than the market price.
Many of the silver miners production costs increased in the third quarter of due to higher energy, material, and labor costs. Dealing with it is likely to be the biggest challenge faced by the Chinese Government since the ending of the Maoist era. However, China does have an escape route by stabilising both interest rates and the yuan by linking it to gold. But will the Chinese have the gumption to take it?
This article examines the challenges and the possible solution. It concludes there is a chance China will embrace sound money, because it is in a position to do so and the dangers of not doing so could destroy the State.
Monetary policy is largely responsible for the market conditions we have today. Whether we like it or not, central planning in the capital markets will remain with us for the foreseeable future. Capital flows will be as much a function of market fundamentals as they are of policy. Gold was formally de-monetized in with the Jamaica Accord. It is now being re-monetized. This paper aims to answer the questions of how and why.
I could never have made any of this up if I tried. And a correction is due. After a middling October, Kitco reports that silver has spent the first week of November catching up with gold and now looks ready to stage its own upturn. We are getting ahead of ourselves here. Gold does not circulate as money — yet. It might never do so. Do we even wish it? Given what we have to do to get there, probably not. It is hard to think of a life without Nanny State giving us her money-tokens to buy our sweets, telling us what to eat and what medicine to take.
But Nanny State is getting long in the tooth. When she was younger, she was less controlling. Her constant refusal to allow us, the ordinary people, to do what we want is a source of friction. In a world based on fake paper and fake electronic money as well as fake asset values, the real significance of gold has got lost.
With endless credit expansion and money printing, all asset prices have exploded and investors have made fake profits that seem real.
So investors should now prepare for the biggest wealth destruction in history and also the biggest wealth transfer. Bix Weir Read More. Forget what you know about interest rates and gold. More on that in a second. But first, let me tell you why many investors believe high interest rates are bad for gold. Quorum is the enterprise version of the Ethereum blockchain, developed by JPMorgan Chase, will ensure users operate smart contracts while using pre-programmed rules to automate them.
The ethereum-based blockchain will afford sustainable miners the opportunity of earning a premium on the global market. According to an article on Kitco, the report states that after a remarkable year, the dollar will finally begin to trend lower as the Fed puts the brakes on its tightening cycle.
The descent has been long and tedious. That long-term low was twenty cents below the price on September 11, , the day the twin towers fell at free-fall acceleration, which marked the beginning of the silver bull market that launched prices upward by factor of It sits in late October at about 2, Massive debt increases, central bank created low interest rates, fiat currency devaluations, stock buybacks and debt based optimism fueled the rally.
A correction is occurring. Jim and I tried to tell you this a couple of months back, now there is absolute evidence. Look at real estate in many parts of the world.
Silver is a precious metal that tends to move when no one expects a break to the upon or downside. Silver also can lag moves in markets that send signals that the price should respond or display head fake price action frustrating those with long or short positions. Gold moved to a low in mid-August when the dollar index traded to a high of While silver also fell to a lower low for in mid-August, gold recovered, and silver followed only to fail once again and declined to a lower low for this year as gold remained above its nadir.
It seems like every week I hear some variation of this statement. There is a popular notion, at least among American libertarians and gold bugs. When they do, they will repudiate it. That is, sell all their dollars to buy consumer goods i. No national currency is gold-backed today. In a gold backed currency, each currency unit begins life with someone who chooses to deposit his gold coin in exchange for the paper currency. And it ends life with someone redeeming the paper to get back the gold coin.
Central banks to increase gold buying for the first time since , gold gains ahead of a volatile trading day, and scientists think silver can help kill brain-eating amoeba. According to a recent article on Newsmax, the consultancy projects that net purchases of gold in the official sector will rise to tons before the end of the year, up from tons in The first part of home storage is just basic home security.
Your home does not have to be a fortress but it needs to have better security than the other homes in your neighborhood so that criminals just pick another one. The obvious ones are: I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject.
An explanation of the big picture is also likely to be useful to many of my readers and their spouses, who do not share an enduring interest in geopolitics either. That is the purpose of this article.
It can be bewildering when a casual observer tries to follow global events, something made more difficult by editorial policies at news outlets, and the commentary from most analysts, who are, frankly, ill-informed. Accordingly, this article addresses the topic that dominates our future.
The most important players in the great game of geopolitics are America and China. Here is our Friday digest of the important news, commentary, charts and videos we were informed of this week. The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. People often whisper conspiratorially about the age-old U.
Below, I've charted out the history of the U. The outcome of the November 6th voting will be a big deal for investors, including gold and silver bugs. The metals, perhaps more than most other asset classes, are sensitive to geopolitics.
Last week, the President floated the idea of additional tax cuts and he wants to pass a major infrastructure spending bill. After falling from to in just four months, Gold is attempting to rally now, having risen to a high of recently.
But as I shared in my previous article: If we close above the latter, then the bottom is likely in place and a truly historic rally has begun. There is plenty of upside from there. When it looks too good to be true, it usually is. Those accumulating gold — China and Russia — have zero incentive to accumulate at higher prices.
And the gold chart of the last three years bears out that they have had to come in at higher prices on pullbacks because market bottoms keep coming in higher and higher. Precious metals were quite weak in recent months, and, as always, there was a stream of bearish news in the same month that gold and silver bottomed.
With the stock market reaching new all-time highs almost by the day, and precious metals in a vicious 7-year bear market, why would anybody want to invest in silver? Fortunately, the exact conditions described above, as well as a unique set of events that most in the financial markets remain largely unaware of, have led to what could well be one of the most explosive and profitable events in financial market history.
These are historically huge imbalances that — if the action in the paper markets still has predictive value — point to a gold short squeeze in which the speculators who are now betting that precious metals will fall are forced to cover those positions by buying, in the process sending the price up dramatically. On Thursday we got a sense of what that might look like. Stock markets around the world sold off, which sent capital scurrying for cover.
Some of that capital flowed into gold, which chased futures speculators out of some of their shorts. The result was a nice pop in gold: To the surprise of many investors, the precious metals have rallied while the broader markets continue to sell-off. Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday. However, even though we could see a late-day rally in the markets, and even higher stock indexes over the next few months, the bear market for stocks is still coming.
The Dow Jones Index has now suffered two large sell-offs in the past ten months: As I mentioned last week, I no longer feel that it is prudent or productive to discuss solutions to our economic woes. The problems that we already, or are about to face are no longer solvable. The system has been damaged to such an extent, that it cannot be fixed. The series of events that is responsible for the deterioration, decimation and decay of our economic system has already occurred.
The genie, so to speak, cannot be put back in the bottle. Therefore, I think we should focus on strategies that might enable us to adapt and adjust in a manner that will allow the reset to be as painless as possible. S budget deficit alongside concerns over trade wars.
Few investors have a deeper understanding of the tech sector than Fred Hickey. For the industry veteran, one important reason to be concerned are rich valuations. He also sees troubles ahead with respect to the rise in interest rates and the mountain of debt around the world. Bill Pawelec taught me the meaning and importance of predictive programming. As a result, I am going to reveal a partially redacted, but very relevant email from a member of my audience about the extreme relevance of predictive programming.
And then I am going to allow the predictive words of my late friend, CIA contract agent and former Air Force Intel operative, Bill Pawelec, who revealed what is coming and I fear we will not have to wait very long this to happen.
Anyone who follows my work, knows that I have spent significant time analyzing popular shows and movies for recurrent themes which are predictive of what is coming. Below is a technical analysis of gold. As you know, several factors could counter this trend that seems to have started, and I may be wrong. Curiously, we can see on this chart that the bull market started in Last week, we shined a spotlight on a crack in the monetary system that few people outside of Switzerland and not many inside either were aware of.
There is permanent gold backwardation measured in Swiss francs. Of course, in hindsight, it makes sense that durable negative interest rates would lead to permanent backwardation. Our modeling systems are suggesting that Gold and Silver will begin a new upside rally very quickly. We wrote about how our modeling systems are suggesting this upside move could be a tremendous opportunity for investors over 2 weeks ago.
Recent lows help to confirm this upside projection as the most recent low prices created a price rotation that supports further upside price action.
Near these levels, we should expect some price rotation before another leg higher begins. Used for components of electric vehicle batteries, mobile telephones, flat-screen televisions, flash drives, cameras, precision-guided missiles, industrial magnets, wind turbines, solar panels, and other high-tech items, rare earth minerals have become the type of sought-after commodity that uranium and plutonium were during the onset of the atomic age.
The coming gold and silver surge is guaranteed. Initially, the imminent revaluation of the precious metals will have nothing to do with an investment mania but with the total mismanagement of the world economy. A spectacular rise in the metals is just a reflection of the mess the world is in. But as the paper market fails in gold and silver, there will be panic and manic markets. So has the Silver Rocket just started? I have often talked about the Gold-Silver Ratio as the key to the turn up in the precious metals.
Rahman was just 21 when he ascended to power, and he remained there for nearly 50 years as one of the wealthiest and most powerful monarchs in Europe. Despite persistent faith in the U. Asia was on a silver standard while the West was on a gold standard. The West struck Trade Dollars during the 19th century to pay for goods from Asia and they were silver — never gold.
Here is an example of both the British and American trade dollars used in payments particularly with China. The Spanish 8 reals Americans called Pillar Dollars and slicing this up into pieces like a pie gave rise to the term for a Piece of Eight — 2 bits, 4 bits, 8 bits a dollar. We now have confirmation that the trade war between the U.
China has declined any further talks because it refuses to negotiate under the threat of further tariffs, or as it puts it, with a knife at its throat.
At the same time, Trump is clearly intent on pressing ahead with tariffs on all of China's exports to the U. China has devalued the yuan relative to the dollar in response to U. However, at least officially, China has said it will not devalue the yuan further. With global investment markets standing at crossroads, investors have the option to lose it all or to benefit from the biggest wealth transfer in history. On such a full sea are we now afloat; And we must take the current when it serves, Or lose our ventures.
Gold artifacts are found in the Varna Necropolis, a gravesite in present-day Bulgaria. The Sumer civilization came into existence around 5, years ago in Mesopotamia and used gold for jewelry and headdresses. Egyptians are the first gold miners.
Hieroglyphics depicting gold date back to 2, B. The vast quantity of gold discovered in the Nubia region makes Egypt wealthy and establishes gold as a standard for international trade.
Gold is set to surge over the next year as concerns deepen about the widening U. You Do the Math Andrew Bary. Gold has gotten a bad rap. This year has been especially lackluster for gold. Adding insult to injury, Vanguard will soon rechristen the largest gold-oriented U.
The global financial crisis of was essentially caused by excessive leverage, a loss of confidence in real estate credit and a resulting sudden collapse of liquidity in the financial system.
The central bank response was to lower interest rates and flood markets with liquidity. Many analysts believe that another crisis is possible due to a combination of enormous leverage and deteriorating credit standards. What will happen to gold if we have another financial crisis? Not surprisingly, many investors think the next crisis will look like the last…all asset classes will fall in price including gold although gold will fall less than the others. Gold will then rocket higher as central banks confront the crisis.
The question on the minds of many investors, is which of the precious metals will be better investments during the next market crash? I should know because I receive this question in my email box quite often. So, I decided to test the price action of several metals and how each traded during a large market correction. This article will focus on the top four precious metals, gold, silver, platinum, and palladium. Furthermore, while platinum and palladium are purchased as investments, they have a much larger industrial component than gold or silver.
For certain, the availability of physical gold bars in London that can be delivered to the large eastern hemisphere buyers who demand delivery is growing tight. Earthquakes have the Midas touch, a new study claims. Water in faults vaporizes during an earthquake, depositing gold, according to a model published in the March 17 issue of the journal Nature Geoscience.
The model provides a quantitative mechanism for the link between gold and quartz seen in many of the world's gold deposits, said Dion Weatherley, a geophysicist at the University of Queensland in Australia and lead author of the study. Every once in a while the trading action in a given market breaks through its historically normal boundaries and starts exploring new territory.
This can mean one of two things: Or the extreme move is a temporary aberration that will eventually be corrected by an equally extreme snap-back into the previous range. Our debt-based fiat money system poses an existential threat.
The world's central banks are on a gold buying spree that has lasted more than a decade. That's the longest period of consistent gold acquisition by the so-called official sector in more than half a century.
But this time the motivations of the buyers are different than they were back in the s, and they are worrying. In the distant past, central banks had to buy gold because of its vital role in the global financial system.
Now they are choosing to do so because they are worried about the dollar. In other words, they've been scared into this bullion buying binge. I have had an interesting life, in the course of my retirement from business; my retirement happened somewhat by chance, in the year ; one Friday evening I presided a meeting of a group directors of Elektra, a Mexican company the property of my father and myself. We had had some of these meetings in past years; they took place every two weeks.
My son Richard was present, having been with the company since While the precious metals are totally off the radar by the majority of investors, silver is setting up for one major bull market. The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire year bull market! In fact, you have to go back 27 years to for the ratio to be higher than it is today.
The gold-to-silver ratio is a powerful trading signal that can help to identify buying or selling opportunities in the precious metals sector. The ratio represents the number of silver ounces it takes to buy a single ounce of gold. It might sound simple, but this ratio is more powerful than it may seem at first blush. Amazingly, the ratio is currently higher than it was at the depths of the financial crisis.
This year, that number had dropped to This yearly ritual has become part of the news cycle, and the inequality it exposes has ceased to shock us. The very rich getting very much richer is now part of life, like the procession of the seasons.
But we should be extremely concerned: Countries that were once democracies are becoming plutocracies; plutocracies are becoming oligarchies; oligarchies are becoming kleptocracies. All orders received prior to this communication shall be honored.
Hindsight is the most exact of all sciences. Most people who live their life backwards have a miserable life. Having been around for a while, I tend not to look back, especially not at negative events. Much better to embrace uncertainty since everything going forward from here is uncertain.
And looking at the next few years, it does seem that these are going to be extremely turbulent both economically, socially and politically. Not only that, speculators are shorting betting against gold more aggressively than ever before. I need to repeat a critical point of that essay.
This sort of bad press sends investors running for the hills. And it keeps other investors from wanting anything to do with that asset. Per the latest COT report note: Conversely, the bank net long position Swap Dealers in Comex paper gold was close to an all-time high.
The hedge fund long position in US dollar futures is also at an extreme right now, with the banks taking the other side. The only question is timing. There is a tide in the affairs of men. Brutus, talking to Cassius, says, "There is a tide in the affairs of men. Which taken at the flood, leads on to fortune A flood tide takes place at the very crest in the water's height.
Once the "tide turns," there is no stopping its ebb until, much later, it reaches an extended, even a minus low. The autumn of will be momentous in the world economy, markets and politics. We are now seeing the Last Hurrah for stocks, bonds, the dollar and most asset markets. The world economy has been living on borrowed time since the crisis. The financial system should have collapsed at that time. But the massive life support that central banks orchestrated managed to keep the dying patient alive for another decade.
Lowering interest rates to zero or negative and printing enough money to double global debt seem to have solved the problem. Morgan took over the investment bank Bear Stearns, J.
Morgan has added aggressively to its paper short division on the COMEX as speculators, technical fund,s and what-have-you come in to chase rallies higher.
Morgan has always been the seller of last resort, and they sell whatever is required to satisfy all buying. And, ultimately, after that buying is satisfied, the prices roll over and come back down.
This is the "wash, rinse, repeat" cycle that many people have become aware of. Morgan adding short positions has stopped every rally in silver -- and gold, for that matter -- over the last 10 years. I have recently written about how a government with gold mining tax revenues can use gold. As to his second point, one should never confuse suppressed with impossible.
By President Roosevelt's edict in , the government made it illegal for Americans to possess the metal—as in a go-to-prison criminal act. The government busted every gold bond. Of course, under such conditions, gold could not be useful or procreative. If they wanted to keep their gold, people kept it well hidden.
At the Crossroads of Fiscal and Monetary Policies. The article was published in early-May and states that the U. Because the stable progression of the world economy since WWII is now coming to an end. What should have been a normal cyclical high in the next year or two, is now going to be the most massive implosion of a bubble full of debts and inflated assets.
While many investors still believe that gold and silver will crash along with the markets as they did in , I think we may see quite the opposite.
In this video update, I provide even more important information on why the gold and silver setup today is much different than it was in Rather, I am focused on the trend change. Most people are aware that historically there have been speculative bubbles.
Some of them can even name a few — the South Sea bubble, tulips, and more recently dot-coms.