RSSCategory: Articles: Experts Talk

The Escalating War on Cash and What It Means For Metals

The Escalating War on Cash and What It Means For Metals

Government bureaucrats, central bankers, and Wall Street executives all have their own reasons for hating the cash in your wallet. So, no surprise, they are working closely together to rid you of it. The war on cash is intensifying and bullion investors are wondering what the transition to a “cashless society” might mean. We’ll cover that, but let’s first recap why these organizations are, once again, allied together to the detriment of your ability to transact privately. The self-interest of bureaucrats is one factor. They don’t like privacy. They dream of the day when they can access all of your spending with just a few keystrokes. The knowledge will help […]

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Marc Faber on Cashless Society Insanity and Why Wall Street Hates Gold

Marc Faber on Cashless Society Insanity and Why Wall Street Hates Gold

By Mike Gleason, Money Metals Exchange Mike Gleason: It is my privilege now to be joined by a man who needs little introduction, Marc Faber; editor and publisher of The Gloom, Boom & Doom Report. Dr. Faber has frequently appeared on financial shows across the globe and he’s a well-known Austrian school economist, and an investment adviser. It’s a real honor to have him on with us today. Dr. Faber, thank you so much for joining us. Marc Faber: It’s my pleasure, thank you very much. Mike Gleason: Well, I want to start out by asking you about the current state of the financial world here in the early part […]

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Gold Will Overwhelm Dent

Gold Will Overwhelm Dent

Harry Dent is a good demographer and stands for what he believes. But this is not about Harry Dent. Charles Sizemore is a writer and editor who works for Harry Dent, but this is not about Charles Sizemore. This is about gold! Over a century ago JP Morgan understood that gold was money and the rest was credit. But he lived when you could buy groceries with a gold eagle and a cup of coffee cost a few cents. Ben Bernanke and hundreds of other “paper pushers” ignore gold, pretend not to understand it, and pressure the world to transact business using their paper currency Ponzi schemes. Why? Because the […]

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It Has Begun!

It Has Begun!

The S&P 500 Index (chart below) shows a top in May 2015, a correction into August, and a deeper fall this month – February 2016. Look out below. The Shanghai Composite Index looks grim. Both markets are due for a bounce with more downside thereafter. Gold mining stocks (the GDX) have rallied over 50% since the January low. They should correct and then rally for several years. The chart of gold looks similar. It has broken out of a long term downtrend, looks ready to correct, and then continue its rally past all-time highs. The silver chart is showing the same message as gold – a bottom, breakout, possible correction, […]

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New Bull Market in Gold on Track

New Bull Market in Gold on Track

Last week we focused on the gold stocks. There was more initial evidence of a new bull market there than in Gold. However, Thursday Gold erased some doubts as it rocketed above $1200/oz and to as high as $1264/oz before settling a bit lower. That move puts Gold’s recovery on par with those following past major lows and offers greater confirmation that a new bull market is underway. The chart below plots the recoveries from 1976 and 2008 and puts them on the same scale as the current rebound. Note how those recoveries surged well above $1200/oz within three months. Moreover, note how $1200/oz served as a pivot point for […]

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Why the Federal Reserve Always “Happens” to Be Wrong

Why the Federal Reserve Always “Happens” to Be Wrong

“The last duty of a central banker is to tell the public the truth.” – Alan Blinder, former Federal Reserve Board Vice Chairman The Federal Reserve Board finds itself back in a quandary of its own making. When Fed chair Janet Yellen pushed through an interest rate hike this past December, she confidently cited an “economy performing well and expected to continue to do so.” The Fed set the stage for more rate hikes in 2016. But something went awry along the way – namely, the Fed’s upbeat forecast. Official pronouncements of optimism don’t square with the economic realities now unfolding. Since the Fed’s rate hike, warning signs of a […]

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Q&A with Mr. Silver Market

Q&A with Mr. Silver Market

Q: Most people do not value silver and prefer to invest in bonds from big governments. Why? A: Most people would prefer to follow the herd because following the herd is comforting and often correct. Occasionally it is disastrous. I suspect the next few years will see the herd slaughtered. (Bubbles always pop and bonds are in a bubble.) *** Q: Silver has gone down for almost five years. Will it continue to drop? A: Probably not, but if you are stacking for the long term, you care little! Silver was valuable and minted into coins 2,000 years ago in the Roman era. It will remain valuable 1,000 years from […]

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Silver, Gold, the Argentina Peso & Exponentially Increasing Prices

Silver, Gold, the Argentina Peso & Exponentially Increasing Prices

The exchange rate between the Argentina Peso and the US dollar in January 1945 was 4.17 pesos to one dollar. Like the United States, Argentina created substantial price inflation – devaluation of their currency – in the 1950s – 1990s. According to Wikipedia Argentina devalued their currency by a factor of 100 in 1970, by another 10,000 in 1983, by another 1,000 in 1985, and by another 10,000 in 1992. From Alan Greenspan in 1966: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” In summary the 1945 peso was devalued by 10 trillion to one between 1945 and 2015. Imagine […]

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Top Silver Mining CEO: Don’t Laugh, We Could See $100+ Silver

Top Silver Mining CEO: Don’t Laugh, We Could See $100+ Silver

Exclusive Interview with First Majestic CEO Keith Neumeyer on Metals, Mining, and Manipulation Mike Gleason, MoneyMetals.com: It is my privilege, now, to be joined by Keith Neumeyer, founder and CEO of First Majestic Silver Corp. One of the top Silver mining companies in the world. Keith has an extensive background in the resource and finance sectors, and has been an outspoken voice about concerns that there is some level of price suppression going on in the silver futures market. It’s a real privilege to have him on with us today. Keith, thank you so much for joining us, and welcome. Keith Neumeyer, First Majestic: Well thanks, Mike, I appreciate your […]

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Something Has Changed in Gold Stocks

Something Has Changed in Gold Stocks

In our missive last week we noted that: While good things are happening under the surface for Gold, its lack of a strong rebound in recent months argues that such a rebound is in the future but not imminent. Gold’s steady downtrend could resume in the next week or two. As we know, the precious metals complex enjoyed another very strong week. Gains in the metals were somewhat muted in comparison to the gains in the miners. GDX and GDXJ surged nearly 16% and 11% respectively. Last week we said nothing has changed. This week figures to be the week something did change and definitely so for the miners. The […]

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Gold, Gold Stocks, and the End Game

Gold, Gold Stocks, and the End Game

We have seen the bottom in the gold market and gold stocks. Evidence: 1. Examine the 30+ year chart of the monthly XAU (gold stock Index) to Gold ratio. You can see that the downtrend in the ratio has lasted about 20 years – since 1996. The ratio is now at all-time lows in the form of a contracting triangle. The triangle appears broken to the upside. 2. In the last 20 years gold has moved upward from under $300 to $1,100 per ounce yet the XAU index has not kept pace, as shown by the ratio dropping from about 0.35 down to 0.03. 3. Gold hit a multi-year low […]

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The Dethroning of Cash: Discouraged, Penalized, Even Banned?

The Dethroning of Cash: Discouraged, Penalized, Even Banned?

Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety. Many in the financial media are now trotting out the bromide that “cash is king.” A sampling of recent headlines illustrates how pervasive the thinking is: “Cash Is King as China Sparks Market Turmoil” (MarketWatch, January 20, 2016) “Cash Is King in Times Like These” (Toronto Star, January 15, 2016) “Cash Is King as Europe Adapts to Negative Interest Rates” (Bloomberg, January 26, 2016) “Cash Is King as Disunity Reigns Within G20” (Barron’s, February 1, 2016) But how can cash be […]

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Bizarre Gold & Silver Movements Occurring Behind-the-Scenes…

Bizarre Gold & Silver Movements Occurring Behind-the-Scenes…

Keeping an Eye on Bullion Supply and Demand A lot is riding on the demand side of the equation when it comes to metals’ price performance this year. Demand is the bigger wildcard with signals thus far being mixed in gold and silver bullion markets. The outlook for supply is more certain, and it isn’t pretty. Endeavor Silver, one of the largest primary silver mining companies, announced last week that it expects to reduce production of the white metal by roughly 30%. The company’s El Cubo mine is not profitable despite efforts to reduce costs. Endeavor plans to halt development and exploration at the mine and process accessible ore only. […]

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WMD – Weapons of Mass Destruction

WMD – Weapons of Mass Destruction

“WMD” also is “Wasteful Monetary Devastation.” WASTEFUL: We all know that governments spend money in wasteful ways and compensate with higher taxes, deficits, huge debt, “printed currencies” and inflation. “Bridges to nowhere,” various wars, and “giveaways” benefit a few at the expense of many. MONETARY: Printing and digitally creating many trillions of dollars, euros, yen, or pounds may temporarily bail out banks and governments but in the big picture they destroy capital and weaken the economies of the nations which are deluding themselves. DEVASTATION: Overwhelm governments, corporations, and individuals with debt, cut interest rates, devastate pension returns, punish savers, trash economies, blow more unsustainable bubbles, drink another bottle of delusion, […]

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