Author Archive: GoldSilverWorlds
Celente: Interest Rates Heading Zero or Negative to Prop Up Debt Bubble
Mike Gleason: It is my privilege now to welcome back the one and the only Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a frequent guest on the Money Metals Podcast and is perhaps the most well-known trends forecaster in the world. And it’s always great to have him on with us. Gerald, thanks for the time again today, and welcome back. Gerald Celente: Oh, my pleasure. Thanks for having me on. Mike Gleason: Well, Gerald, since we spoke last in August, the Federal Reserve has begun propping up the repo markets, and they resumed buying government debt. They tell us the program on bond purchases should in no way be […]
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets
Impeachment circus lows and stock market highs dominated the news cycle this week, and precious metals are quietly attempting a recovery. Bulls still have some work to do to repair the technical damage inflicted on both metals during last week’s selling. Gold and silver still face some overhead resistance and the potential for concentrated short selling by financial institutions in the futures markets. Significant price bottoms are usually reached after the commercial sellers force the speculative longs to capitulate. We certainly saw some of that last week. Whether there is one final washout ahead remains to be seen. Futures market manipulation of precious metals prices remains an obstacle to free […]
Congressman Prods Attorney General on Gold, Silver Trading Questions Ignored by CFTC
A U.S. representative who has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try intervene and get answers from the commission. In a letter dated November 1 and made public today, the U.S. representative, Alex W. Mooney, Republican of West Virginia, commends Barr for the Justice Department’s recent criminal prosecution of manipulation in the monetary metals futures markets. But Mooney calls attention to the explosion in use of a mechanism called “exchange for physicals” for settling metals futures contracts in the United States, a mechanism that, Mooney contends, may […]
What to Do NOW in Case of a Future Banking System Breakdown
The banking system may not be as sound we’ve been led to believe. It continues to get propped up through central bank interventions, which strongly suggests it wouldn’t be able to stand on its own. Last Thursday, the Federal Reserve injected another $115 billion into financial markets via “temporary operations.” The Fed is targeting the repo market in particular, through which banks lend to each other on an overnight basis. For some reason, banks have grown weary of committing liquidity to each other in what should be one of the safest lending markets on the planet. Perhaps they are being overly cautious. Perhaps they (or one in particular) are simply […]
New Evidence Futures Markets Are Built for Manipulation
The recent price smash in precious metals is frustrating for goldbugs. It is even more infuriating for those who look at the fundamental reasons to own gold and silver and see prices falling anyway. That’s why it’s worth explaining once again the real purpose of the futures markets, where prices are set. Some recent revelations about Bitcoin futures will help. The CME launched a Bitcoin futures contract in December of 2017, and many cryptocurrency fans cheered. Those who cheered expected “institutional” money to pour into Bitcoin. Their mistakes were in assuming the institutions would be making long bets on Bitcoin and the futures market would be free and fair. At the […]
David Jensen: Gold & Silver to Head Dramatically Higher, Mirroring Palladium
Mike Gleason: It is my privilege now to welcome in David Jensen of Jensen Strategic and a highly studied mining analyst and precious metals expert with close to two decades of experience in the mining industry. And it’s great to have him back on with us. David, thanks so much for the time again today, and it’s nice to talk to you again. Welcome. David Jensen: Thank you, Mike. It’s good to be back with you again. Mike Gleason: Well, David, we had you back on at the beginning of the year and you shared some amazing insights on palladium, and we’ll get to that in a bit because that […]
Sound Money Scholarship Winners Announced
7 Outstanding Thinkers Earn Nearly $10,000 in Tuition Assistance Eagle, Idaho (November 6, 2019) – Seven outstanding students beat out more than 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition… …and the winners walked away with almost $10,000 in scholarship awards for their exceptional, thought-provoking essays. For the fourth-straight year, Money Metals Exchange, the national precious-metals dealer that was recently ranked “Best in the USA,” has teamed up with the Sound Money Defense League to offer the first gold-backed scholarship of the modern era. These groups have set aside 100 ounces of physical gold to reward exemplary students who display a […]
Time for Investors to Reset Their Portfolios for Inflation
As investors reset their clocks to accord with the end of Daylight Savings Time, they may also need to reset their expectations for future returns. A strong body of research suggests that artificially changing the time twice a year – forward, then backward an hour – does more harm than good. It leads to sleep disruptions, heightened stress, missed appointments, wasted time (ironically), and a diminishment of productivity around these biannual time changes. As reported in HeadlineHealth, “Circadian biologists believe ill health effects from daylight saving time result from a mismatch among the sun ‘clock,’ our social clock – work and school schedules – and the body’s internal 24-hour body clock.” […]
Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates
Precious metals markets enter November’s trading with bulls eying a potential year-end rally. Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move with language suggesting interest rate policy is now on pause. News Anchor #1: The Federal Reserve cut the benchmark rate by a quarter of a percentage point. It’s now at 1.5% to 1.75%. The rate cuts come on a global slowdown; they say. Also muted inflation. Now the Fed does signal in this statement a pause for future rate cuts. The Federal Reserve statement changes the words […]
Silver’s Three Legged Bull-Run Stool
A case can be made that silver’s current price “stability” – believed by many to be well below where it “should” be – is the result of at least three interlocking factors. There are certainly other considerations, but the following seem especially relevant today… Our chosen metaphor is the three-legged stool. Take one leg away, and the stool topples. In the case of silver, the outcome is likely to be a violent price rise of epic proportions. 1. Draining the Silver Trading Swamp In recent months, a series of criminal charges and admissions among banks, trading houses and their employees have begun to expose unfair and/or illegal trading practices. They […]
Why Nobody Chants “End the Fed” Anymore
Americans hated it when the Federal Reserve handed trillions of dollars to crooked Wall Street banks following the 2008 Financial Crisis. Politicians were confronted about the merits of central banking and bailouts. For the first time in history, college students were chanting “End the Fed” at campaign rallies as Ron Paul took the central bank to task during his presidential campaigns. Virtually everyone in America vehemently opposed the central bank handing piles of cash to the same bankers whose greed and fraud had caused the Financial Crisis. Little has changed, but the public’s revulsion taught them an important lesson. If they give handouts to greedy and fraudulent bankers, they had […]
GATA’s Powell: Attacks on Gold & Silver Prices Are Losing Their Impact
Mike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and hard money advocate, and through his tireless efforts at GATA, he is working to expose the manipulation of the gold and silver markets. Through GATA’s work over the years, some important revelations have come to light which quite honestly should concern everyone. It’s great to have him back on with us. Chris, thanks for the time again today, and welcome. Chris Powell: Oh, thanks as always for your interest, Mike. Mike Gleason: Well, Chris, we think some people owe you and GATA an apology. […]
The Fed’s “Not QE” Is Morphing into “QE4ever”
Another week, another new and expanded repo market intervention by the Federal Reserve. On Thursday, the Federal Reserve Bank of New York intervened twice with fresh liquidity injections. Fed officials raised their offerings for overnight repos up from $75 billion to a staggering $120 billion. This comes on top of the $60 billion per month in Treasury bill purchases that will extend well into next year and possibly beyond. Over the past month alone, the Fed’s balance sheet has soared by $200 billion. You might think numbers like these should be quite alarming to investors and to anyone who holds U.S. dollars. But the strange thing about these Fed interventions […]
Craig Hemke: Ignore the Elliott Wave “Buffoons” Calling for a Gold Crash
Mike Gleason: It is my privilege now to welcome back Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the very best analysis on banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back, and thanks for joining us again. How are you today? Craig Hemke: Mike, my friend, it’s always a pleasure. Thanks for the invite. Mike Gleason: Absolutely. Love to get you back on and thanks for the time. Well, the recent smash in […]
