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“Inflate or Die,” Peak Silver and Gold’s Coming Breakout

“Inflate or die” was Richard Russell’s characterization of our economic system and the central bank response to most problems during the past three decades. INFLATE THE CURRENCY SUPPLY!  Examine the currency supply as measured by M3 and reported by the St. Louis Fed. Fiat currencies are created as debt.  Inflating currency supply means increasing total [...]

By | 2017-08-05T19:58:00+00:00 August 4th, 2017|Gold & Silver Commentary|

Bank Runs are Inevitable – Protect and Grow Your Wealth with Gold and Cryptocurrencies

I haven't thought much about bank runs in recent years. The Federal Reserve came to the rescue during the 2008 financial crisis and restored confidence in the markets. Stock valuations have soared to all-time highs, nearly quadrupling from the bottom in early 2009. Home prices is many regions have doubled or tripled and investor sentiment [...]

By | 2017-07-31T12:09:45+00:00 July 30th, 2017|Gold & Silver Commentary|

Seasonal Opportunity Knocks with Gold to S&P 500 Ratio Near All-Time Low: GSB Weekly Review for July 27

**  News and Nonsense Nonsense:  Russia and Putin are the Cause of … nearly every problem we can name.  Or is the “Blame Russia Thing” a diversion?   The definitive statement on Russia and Putin:  Sanctions on Russia: From Mish:  “Make America Safe: Put Congress on Permanent Recess” From Zero Hedge:  “House Passes Veto-Proof Russia [...]

By | 2017-07-27T13:10:54+00:00 July 27th, 2017|Gold & Silver Commentary|

Yellen’s Dovish Comments Lift Gold: GSB Weekly Review for July 13

News and Nonsense Illinois, New Jersey, Connecticut, California, Chicago, Pension Crisis, and Impossible Debt: Illinois raised taxes 30+ percent on individuals and corporations.  Intelligent and real solutions were not considered.  Politics and payback were paramount.  Rig for stormy weather if you live in bankrupt states or depend upon their pension plans. “Those are huge tax [...]

By | 2017-07-13T12:56:32+00:00 July 13th, 2017|Gold & Silver Commentary|

Is Silver Fairly Priced at $16?

Silver at $16.00 is Fairly Priced … IF … Silver currently sells around $16.  I think that price would be sensible if the Dow was priced about 10,000 and the U.S. national debt was “only” $10 trillion.   The Dow is hitting all-time highs at about 21,500 and the official national debt – not counting [...]

By | 2017-07-06T15:02:55+00:00 July 6th, 2017|Gold & Silver Commentary|

Gold Stock Bull Weekly Review: Yellen Promises No Financial Crash as Dollar Tumbles

Gold, Silver and Currencies Commentary: Argentina has defaulted on its debt many times in the past 70 years. Venezuela’s currency is in freefall.  The unofficial exchange rate (the real rate) is currently about 8,000 bolivars to one US$.  The exchange rate seven years ago was 2 - 4 bolivars to one US$.  Ugly consequences result [...]

By | 2017-06-29T15:20:40+00:00 June 29th, 2017|Gold & Silver Commentary|

How to Profit from Irrational Low-Inflation Exuberance

Everyday Definition of Inflation:  “Stuff costs more.” U.S. Government Definition of Inflation:  “After extensive statistical analysis and data manipulation … yada yada yada.” Shadowstats publishes their version of consumer price inflation.  The Chapwood Index is another version.  Both indicate real inflation rates in the U.S. are MUCH HIGHER than the official government statistics. THE PROBLEM [...]

By | 2017-06-22T13:04:29+00:00 June 22nd, 2017|Gold & Silver Commentary|

GDXJ Sell Off is a Blessing in Disguise

I. The Bond Market Loses Confidence in the Fed After the Fed hiked rates and highlighted their balance sheet unwinding plans last week, bond yields further dropped. This means there is a significant lack of confidence in the economy and doubt in the Fed by bond investors. Why does this matter? Because bond investors are [...]

GSB Weekly Review: FED Hikes, Dollar Climbs, Gold Slides

Gold and Silver Commentary: Gold bottomed in December of 2015 and again in December 2016, but gold prices have risen for the past six months.  The 50 day moving average (gold, but not yet silver) has crossed above the 200 day moving average – a so-called “golden cross.”  Expect higher prices for both gold and [...]

By | 2017-06-15T11:41:38+00:00 June 15th, 2017|Gold & Silver Commentary|

Gold, the Dow, Bubbles and the Coming Correction

The Dow Jones Industrial Average is trading at all-time highs. The NASDAQ and the S&P 500 are similar. This begs many questions. Are the high stock prices supported by fundaments or have they been levitated with “easy money?” Bubbles always collapse and prices crash. Stock indices are too high, but are they in historical bubble [...]

By | 2017-06-08T10:09:18+00:00 June 8th, 2017|Gold & Silver Commentary|