Author Archive: GoldSilverWorlds

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Government-Pumped Student Loan Bubble Sets Up Next Financial Crisis

Government-Pumped Student Loan Bubble Sets Up Next Financial Crisis

Presidential candidates Bernie Sanders and Elizabeth Warren are promising as much as $1.6 trillion in student debt forgiveness for millions of borrowers. Critics smell a cynical campaign ploy to try to buy the youth vote. How is it either realistic or fair to declare an entire category of debt to be assumed by taxpayers? Regardless, pie-in-the-sky proposals to cancel student debt shed light on a very down-to-earth problem for not only college students and recent graduates – but also for the economy and financial markets. Student loans now rank as the second largest category of American consumer debt – bigger than credit cards, bigger than auto loans, and behind only […]

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Mining Stocks Flash Powerful Signal for Gold and Silver Markets

Mining Stocks Flash Powerful Signal for Gold and Silver Markets

The second half of the year is setting up favorably for the precious metals sector, which was led in the first half by gold and gold mining stocks. Of course, the Wall Street-beholden financial media is largely ignoring metals and mining – preferring instead to give celebratory coverage to every move toward new highs in the Dow and S&P 500. “The Dow Jones Industrial Average rallied 7.2% this month [June], notching its best June performance since 1938,” CNBC reported. “The S&P 500 posted its best first half of a year since 1997, soaring 17.3% and reaching an all-time high.” That’s all well and good for conventional index investors. But they are missing […]

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Bullion Banks’ Manipulation Schemes Put Taxpayers at Risk

Bullion Banks’ Manipulation Schemes Put Taxpayers at Risk

Gold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just identified how much control they have. There are more than 5,300 FDIC insured banks in the U.S. Just two of them, JPMorgan and Citibank, hold 75.7% of all precious metals derivative contracts (primarily futures) in possession of the nation’s banks. Other major Wall Street banks, including Goldman Sachs and Bank of America, are barely even in the game. The market dominance implied by the outsized positions of these two banks is troubling enough. Metals investors have been pleading with regulators to step […]

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Michael Pento Warns: Stock Market May Go Off the Cliff, Stagflation Like Never Before

Michael Pento Warns: Stock Market May Go Off the Cliff, Stagflation Like Never Before

“It’s Beyond the Twilight Zone to Have $13 Trillion in Debt with a Negative Yield” Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome back Micheal Pento, President and Founder of Pento Portfolio Strategies. Michael’s a well-known money manager and a terrific market commentator and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. He’s a regular guest right here on the Money Metals Podcast and we always love having him on. Michael, thanks for the time again today and welcome back. Michael Pento: Great to be back on your program. Mike Gleason: Well […]

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Silver Market Alert: Powerful Bullish Setup Takes Shape

Silver Market Alert: Powerful Bullish Setup Takes Shape

The silver market appears to be setting up for a big move. After spending this spring stair-stepping lower in a narrowing range, silver prices have formed a falling wedge pattern. That pattern usually resolves in a powerful directional breakout. The good news for bulls is that falling wedges usually break out to the upside. Commercial hedgers and bullion banks (i.e., “smart money”) in the silver futures market have significantly trimmed their short positions over the past couple weeks – a bullish development. While their net positioning isn’t yet at an extreme, it is more favorable than not for a price rally to commence in the near future. Of course, neither futures traders […]

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Silver Sentiment: Is It (Your) Friend or Foe?

Silver Sentiment: Is It (Your) Friend or Foe?

The gold and silver bull markets have been on a roller coaster ride for almost two decades. Gold came to life in 2000, with silver crawling along between $4 and $5 until late 2003, making its first print above $10 in March 2006. The next two years saw the last part of a 400% up-move for those who “kept the faith,” before silver dropped below $9 during the 2008 global financial meltdown. Then it was up, up and away, as silver rocketed to nearly $50 by April 2011. By then, “everyone knew” it was going to $100. A blogger announced he had sold his house to buy silver and advised […]

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XAUUSD price testing major support level, cautious bulls wait

XAUUSD price testing major support level, cautious bulls wait

The pair XAUUSD sharply fell in the global market after hitting the major resistance level at 1366.037. The aggressive price action traders made a decent profit by shorting the XAUUSD pair with the bearish pin bar. However, the pair found some decent support at 1160.495 and started its bullish correction. The bulls managed to take control of the market from that level and pushed the pair towards the critical resistance level at 1346.558. The buyers again lose control of this market from that level and the price of XAUUSD drop towards the nearest support level at 1275.070. This level is going to play a crucial role for this pair since […]

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Silver slowly heading towards a cluster of resistance, strong challenge for the bulls

Silver slowly heading towards a cluster of resistance, strong challenge for the bulls

The price of silver significantly fell in the global market after hitting the critical resistance level at 25.03. Majority of the aggressive price action traders managed to make a decent profit by shorting the silver with the formation of bearish pin bar right at that critical resistance level (25.03). After the extended bearish rally, it found some solid support at 13.64. From that level, the pair started its bullish correction after the formation of bullish morning star pattern in the daily chart. Currently, the price silver is heading towards a cluster of resistance and breaking above that level will be a tough challenge for the bulls. So, looking for a […]

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Love. Fear. Inflation. A Precious Metals’ Trifecta

Love. Fear. Inflation. A Precious Metals’ Trifecta

By David Smith, Money Metals Exchange 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 2019, and for possibly the next 5-10 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. The term “synergistic” is used here on purpose. By definition, it relates to “the interaction or cooperation of […]

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The World Gold Council (WGC)

The World Gold Council (WGC)

The World Gold Council is an non-profit organization of the world’s main gold producers. The WGC was established to help improve the global demand not just for gold but also to increase interest in gold, and plays a very big role in maintaining today’s gold industry. The WGC headquarters is located in London.  It covers the market that holds almost three-fourths of the worlds gold consumption. The main objective of the WGC is to maximize the potential industrial growth of gold consumption by monitoring and defending its existence. The WGC also researches and develops other uses for gold. The organization’s main objective is to trigger and retain the demand of […]

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Why is Gold so Important?

| October 20, 2018 | Articles: General

Why is gold so important? It’s a hard question, right? You must have asked that question to yourself too…why in all those precious metals is gold the most important?  Before answering that question let’s learn first about gold and its uses to tackle that problem. Gold has been used for thousands of years and by ancient civilizations.  We surely don’t know who first discovered gold, but we’re happy they did. Gold’s history can be traced as far back as 40,000 BC!  Pretty old for a precious metal, right? Ancient Egyptians You might wonder what early uses did they have for gold when they first discovered it.  Unfortunately, we don’t know […]

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Is Silver On The Rise? Could It Be The New Gold?

| October 19, 2018 | Articles: General

Investors are talking about gold mainly for its value and price.  In the past ten years, the price of gold has increased from less than $300 to $1,500 per ounce…quite interesting for gold investors. However, silver has performed better than gold for the past ten years.  Its price has ranged from less than $5 to $40 an ounce. So if you invested  $10,000 in gold in June 2001 its value today would be $50,000, but if you invested $10,000 in silver on the same date you would now have around $80,000. Now may be the time to start thinking of silver as the new gold.  As a matter of fact, […]

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7 Uses Of Gold You Weren’t Aware Of

| October 18, 2018 | Articles: General

Gold has has had many uses since ancient times.  Some of its uses were to decorate ornaments, weapons, jewelry, shrines, and many other things. In modern times, gold has been used as an electric conductor, jewelry, coins, commodities, and also as an investment. But is that all that gold can do for us? The answer is no, of course. Here are some unusual uses for gold. Health Supplement Yes! You read it right, gold has also been used as a food supplement. Japan has a unique tradition where they mix small, thin films of gold in beverages and in their food as a source of vitamins.  In some other countries, […]

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What Affects the Price of Gold

Gold has been known to be the most desirable metal on earth. Although it is the most precious metal, there are some issues that gold is facing like its demand and supply imbalance. Gold has been used as an investment and a useful product in electronics, but there are also some factors that affect the price of gold. One of the biggest factors that affect gold’s price is its amount of supply in the central banks around the world. In 2003 the stock of gold was about 33,000 metric tons, accounting for nearly 25% of all the gold mined in the world. In the same year, 3,200  metric tons of […]

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