Thursday, August 22, 2019

The Outlook For COMEX Silver Improves – Craig Hemke (20/08/2019)

by Craig Hemke, Sprott Money:

While we’ve been on the record since January in predicting that 2019 would see the best annualized gains for the precious metals since 2010, we’ve also been concerned that COMEX gold might pull away from COMEX silver in the short term. Now? Maybe not so much.

Two posts from earlier this year that you should review before continuing:

• This from January: https://www.sprottmoney.com/Blog/gold-and-silver-2…

• This from May: https://www.sprottmoney.com/Blog/recalling-2010-cr…

Over the past few weeks, I’ve often stated in public interviews that an expansion of the Gold:Silver Ratio to 100 would not surprise me—meaning that COMEX gold could go to $1700 while COMEX silver remains near $17—before a “substitution effect” finally forces The Banks to retreat and silver moves higher. While this may still be the case, a couple of changes over the past few weeks have led me to consider a different, short-term outlook for COMEX Digital Silver.

Keiser Report: Anti-trust, Anti-war (E1425)

from RT:

In the second half, Max continues his interview with Karl Denninger of Market-Ticker.org. They discuss the economic platforms of the candidates for the Democratic party nomination for president: from Elizabeth Warren’s antitrust policies to Tulsi Gabbard’s anti-war platform and all the universal basic income ideas in between.

Safe Haven Appeal Sends Gold Above $1,500

from Birch Gold Group:

This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Gold gains as recessionary fears lift safe-haven appeal, gold prices to hit $1,575 in 3 months and $1,600 in 6 months, and why bullion prices could keep exploding next week.

Gold Gains as Recessionary Fears Lift Safe-Haven Appeal

After cementing its position above the $1,500 level, Tuesday’s trading session saw gold jump as high as $1,534 an ounce before settling lower. According to an article on CNBC, investors poured into the metal over increasing civil unrest in Hong Kong and a dip in Argentina’s peso that potentially signaled dire things for the country’s economy.

A HONG KONG CITIZEN AND A BRITISH EMBASSY EMPLOYEE DETAINED IN SHENZHEN AND HIS WHEREABOUTS ARE UNKNOWN..A POTENTIAL POWDER KEG!

by Harvey Organ, Harvey Organ Blog:

DOW REVERSES COURSE DOWN 174 POINTS//GOLD UP $2.90 BUT SILVER THE STAR, UP 20 CENTS/A HONG KONG CITIZEN AND A BRITISH EMBASSY EMPLOYEE DETAINED IN SHENZHEN AND HIS WHEREABOUTS ARE UNKNOWN..A POTENTIAL POWDER KEG!// ITALY’S CONTE RESIGNS AND NOW THE PRESIDENT WILL CALL ON NEW ELECTIONS AS THE FUN BEGINS IN ITALY//AMAZING: MISS NEVADA NOT ALLOWED TO COMPETE IN THIS YEAR’S MISS AMERICA CONTEST BECAUSE OF HER PRO TRUMP VIEWS

Mobius: Buy Gold at Any Level!

by Peter Schiff, Schiff Gold:

Last week we reported that the mainstream is turning bullish on gold, and in recent months, a number of prominent investors including Paul Tudor JonesThomas Kaplan and David Roche have all talked up the yellow metal. This week, we have another well-known veteran investor saying buy gold.

During an interview with Bloomberg, Mark Mobius said that at this point investors should buy gold “at any level.”

I think gold long-term prospect is up, up, and up.”

JPMorgan Spoofer Pleads Guilty To Gold Manipulation, Faces 11 Years In Jail

from ZeroHedge:

There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back. That was roughly coincident with a time when Libor, FX, mortgage, and bond market manipulation was also considered unthinkable, when High Frequency Traders were believed to “provide liquidity”, when the stock market was said to not be manipulated by the Fed, and when the ever-confused media, always eager to take “complicated” financial concepts at the face value set by a self-serving establishment, never dared to question anything.

The Weekly Perspective with David Morgan – David’s Take on the Markets

by Kerry Lutz, Financial Survival Network:

David Morgan‘s weekly perspective…

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. You Can Continue To Grow Your Wealth Regardless Of The Changing Winds Of Politics, The Economy And The Financial Markets. Let me show you how…

Click HERE to Listen

SILVER MARKET: Indicators Setting Up For A Big Move

by Steve St. Angelo, SRSRocco Report:

If we look at certain indicators in the silver market, the price is setting up for a big move.  It seems as if mainstream investors are now becoming more worried about the stock and bond markets.  With almost $17 trillion in negative-yielding debt in the world, the notion that gold or silver doesn’t earn a yield is starting to look like a better deal than paying someone to own bonds.

Thus, the record increase in negative-yielding debt has push gold, in just the past few months, has been one of the catalysts to push gold above an important six-year resistance level. Furthermore, several articles have stated that gold has reached an all-time high in 73 currencies.  However, it will take some time for gold to reach a new high in the U.S. Dollar because the Fed has a monopoly on the world’s printing press.

Negative Rates, Gresham’s Law And A Parabolic Move In Gold

by Dave Kranzler, Investment Research Dynamics:

Thomas Gresham observed in the 1500’s that “bad money drives out good.”  The concept applied to gold and silver coins and the value of precious metals metals used in the coins relative to their face value.  Back then silver coins would be debased by replacing some of the silver content with base metals.  Of course, that practice of monetary debasement goes back to ancient Rome.

But the idea applies today in the sense that, as fiat currency continues to be devalued with money printing and artificially low interest rates, those paying attention will begin to convert cash savings into physical gold and silver and use the devalued fiat currency for transactions settlement. This is likely part of the reason the prices of gold and silver are at all-time highs in almost every fiat currency globally.

Your “Cash” Is Currency…. My “Cash” Is Gold And Silver.

by David Schectman, Miles Franklin:

J.P. Morgan Private Bank published an interesting investment-strategy note in July. It was titled “Is the dollar’s “exorbitant privilege” coming to an end?” It explored the US dollar’s longstanding status as the world’s dominant reserve currency, which is waning. The conclusion reached was “we believe the dollar could lose its status as the world’s dominant currency (which could see it depreciate over the medium term) due to structural reasons as well as cyclical impediments.” – Adam Hamilton