The first few months of this year gave a little taste of what’s to come for the junior precious metals miners, if this is indeed the start of a new gold/silver bull market. Some sample charts: There were dozens more like this, obscure little miners that soared when investors concluded that maybe they […]
The most widely-reported result of the recent G-7 meeting was Japan’s attempt to convince the other major economies to admit that a crisis is imminent and take appropriately radical steps. The response seems to have been a bunch of blank stares. As India’s Business Standard noted: G7 pact offers minimal cover for Abenomics reset A […]
It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial products. There’s no record of it checking in with the other countries that have such industries to see if a sudden surge of cheap imports was okay with them. Turns […]
For gold bugs, this is a good news/bad news story. Say you’re one of the many people who bought junior gold and silver mining stocks a few years ago — and then watched in horror as they fell day after day, week after week, finally settling at pennies on your dollar. Then, just as they […]
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of government spending — would produce sustainable growth with modest but positive inflation. And for a while it seemed to work. But that was an illusion. What actually happened was textbook, […]
Macy’s reports horrendous earnings and Italian banks finally reveal their non-performing loans. Share prices plunge accordingly. China, meanwhile, admits that it’s over-leveraged and promises to stop borrowing. In other words, wherever you look, a global slowdown is coming and a massive currency devaluation will soon be the only politically feasible solution.
China’s most recent borrowing binge didn’t work, while Japanese and European negative interest rates sent their currencies up rather than down. The result: Global growth is slowing and governments are panicking. Look for fiscal stimulus to pick up the slack in the year ahead — that is, bigger deficits, more government borrowing and maybe even […]
Combine record-high stock prices with weak corporate earnings, a too-strong dollar and rising turmoil in Europe, Asia and Latin America, and the result is a dangerously vulnerable market. Time to go “risk-off”, in other words. But keep stacking gold and silver.
For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators placing bets with futures contracts — have set the price of those metals. And within the paper markets, “the commercials” — fabricators and big banks — have consistently fooled speculators like hedge funds into going […]
Goldman, Morgan Stanley and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche Bank prepares to name names in its gold manipulation scandal. And US stocks keep rising…what’s wrong with this picture?
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated they’re the only market that isn’t.” That was unsatisfying, though, because as the big banks got caught scamming their customers on interest rates, mortgage bonds, forex and commodities trades, those […]
Most US companies will report earnings this month, and most analysts think the results will be depressing. That’s bad news for stock prices and might add to the (already considerable) pressure on governments to step up their stimulus programs. Gold and silver, meanwhile, seem to like all this financial turmoil.
Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year they tend to hire more people, pay more taxes and generally make life easier for everyone else. But when earnings decline, everything from government budgeting to personal financial planning gets much harder. Viewed through this […]
This sounds like a belated April Fool’s joke, but it’s not. In Germany it’s apparently a crime to offend a foreign politician. Germany Investigating Comic Suspected of Offending Turkish President Erdogan (Wall Street Journal) – German prosecutors have opened an investigation against a television comedian on suspicion of offending Turkish President Recep Tayyip Erdogan, escalating […]
Between the “Panama papers” and the DC Madam’s customer list, we might be witnessing the end of personal (and corporate and government) privacy. The result? Less financial and geopolitical risk-taking and more gold buying. But don’t get burned by failing precious metal dealers. Here’s how to make sure you get what you pay for.