According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles, A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally...

There are currently two important items on the Fed’s wish list. The first is to restore interest rates to more normal levels, and the second is to unwind the Fed’s balance sheet, which has expanded since the great financial crisis, principally through quantitative...

Oftentimes in this space we’re focused on one particular variable—or maybe two—that’s sending a precious metal like silver in one specific direction. But right now, the signals in the silver market are hard to read. That leaves us with two questions: what are these...

This letter should find you buckled in for the turbulence I described last week. If not, I hope this one convinces you. The storm is seven days closer now. There are times when normality slips out of reach, and I believe we are approaching such a time.

My blog is about 2½ years old now, and I’ve had well over 30,000 views. Articles automatically also get posted onto my Facebook page, where a larger number of my friends see them; most of the comments show up on my Facebook page.

I have SPX falling to 2444/45 Wednesday and GDX down to near 21.90/.93.  By Friday SPX should be tagging 2479 +/- and GDX to near 22.99/23.00. Past cycles and VOL cycle suggest an up open tomorrow that will be sold.  By 11:00 EDT we should see a sell-off to 2444/45...

We continue to see silver as undervalued vis a vis gold but more especially vis a vis stocks, bonds and many property markets. Rather than selling the financial insurance that is gold, we would advise reducing allocations to stocks, bonds and property and allocating...

Last week I wrote an article reviewing the longer term perspective on the Dow Jones Industrial Average and had laid out my longer term outlook on the index and what my expectations were moving forward. In that article, I had noted that I was keeping an eye on the 21...

Take a look at the Markets Digest in the Wall Street Journal. The green is everywhere. US index markets are ALL up for the year (except PHLX gold/silver and oil). International stock indexes are 98% up for the year. I witness record asset prices all over our planet...

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

While most members are focused on the precious metals, I’ve been waiting patiently for two other sectors to setup a long term buy signal which I believe happened last week. I know you are well aware of my mantra that big consolidation patterns lead to big impulse...

Speculative activity is at a new multi-year low. Silver is on a major buy signal since early 2016. Major signals can last for months and years and are suitable for long-term investors.

Our benchmark S&P500 is on a major buy signal. New money should wait for a correction and cycle bottom to accumulate for long term holding.

“The tape tells all” is a Wall Street bromide we’re all familiar with. It neatly summarizes the belief that the major averages discount everything pertaining to the business outlook. It’s also a basic tenet of Dow Theory.

Last quarter, Taki Tsaklanos—lead analyst at Investing Haven—told MarketWatch that because silver tends to peak in April, the precious metal had likely peaked for the year. Indeed, silver peaked for the month of April at about $18.50 an ounce, far higher than its...