Silver Editorials & Commentary

The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang as it is, government debt isn’t likely to trigger the next financial crisis.

Monday’s vicious shakedown was poetry in motion. An hour into the session, stocks were falling so hard that you might have thought the world was about to end. Far from it, as suckers who sold into the avalanche were soon to discover.

Silver fell sharply on Friday after dropping on Wednesday and Thursday, and the reason it fell so sharply can be seen on its latest 6-month chart below which shows that it breached its parabolic uptrend, which had become too steep, this differed from gold whose...

The 2018-2019 bear market rally that we identified during the last week of 2018 via the 2019 Forecast Issue, entitled "2019: Mayhem, Misallocation and the Mockery of True Price Discovery," is now on record as one of the most ferocious rallies ever recorded, as short...

Crude oil bulls are attempting a comeback early in the week. Can they pull a rabbit out of their hats? Carefully examining the situation, we have the answer to that question. It’s great to share the rich details. In the format you are used to – on time and highly...

In my article last weekend, "Another Fibonacci Price and Time Intersection Approaches Heading into a Week Fraught with Headline Uncertainty," I discussed the importance of the intersecting time (Mon Feb 25) and price  (2803.50 +/- 1% on the S&P 500) as a...

Last week’s price behavior has brought proof, of why in our recent chart books, our recommendation was to stay on the sidelines. No position is possibility the most valuable choice at times in the market. It protects capital, reduces risk of exposure and provides...

Large precious metals speculators cut back on their bullish net positions in the Silver futures markets for a second week through mid-February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on...

Silver is on a major sell signal. SLV is on short-term sell signal. COT data has reached level of previous top, therefore, a correction is in progress.

Our benchmark S&P500 is on a major sell signal. Oil sector is on a major sell signal. VIX – volatility index. When VIX is up, markets are down. When VIX is down, markets are up.

Crude oil made yesterday another hesitant move higher. Also yesterday, we mentioned here the saying regarding gravity. Sometimes, it takes patience for the underlying forces to win out. Or, doesn't the oil market rather remind you more of a coiled spring actually?...

(I wrote here earlier that a public-pension bust is coming that will usher in the Second Great Depression. Could California, Illinois, Connecticut, New Jersey et al. avoid disaster by raising taxes? That’s what John Jay, a regular contributor to the Rick’s Picks ...

Rick’s Picks avidly follows the stock market’s ups and downs each day, as well as the way it is influenced by the Fed’s silly obfuscations. On some days it feels as though the cheerleaders at The Wall Street Journal et al. are overdoing it, generating enough hubris...

Sales of Silver Eagles continue to be strong as demand for the official coins surged in February. Moreover, as the Authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the U.S. Mint issued a temporary suspension of sales until inventories...

This, the final segment of our multi-part research post regarding the potential future market direction as well as to identify if there is any real concern for traders regarding a “total market collapse” as some Doomsayers are predicting should help you understand...

Artificial intelligence (AI) is no longer the stuff of science fiction. The technology is already disrupting multiple industries, many of which impact you on a daily basis. Own an iPhone X? Its facial recognition system is powered by AI. Ever been redirected by...

Sales of the Silver American Eagles are off to stronger start this year, and the U.S. Mint has once again been caught flat-footed. Dealers received the following statement from the mint last Thursday

The New York Federal Reserve recently sent out an early Valentine’s Day present to a certain group of individuals. However, this gift wasn’t to overleveraged American consumers; but rather to those who are employed repossessing one of those goodies they can’t afford...

Silver is on a major sell signal. SLV is on short-term buy signal. Long-term – on sell signal. Short-term – on buy signals. Cycle is up. A tradable bottom remains in place and the trend is up.

Current investing model favors bonds, therefore, investors should be overweighed with long bonds or bond ETFs for safety.

On Wednesday the Indoos poked marginally above a key peak at 25,908 recorded in December. This would likely have caused a multitude of technical traders and algos to smack their lips with anticipation, since such breakouts, even when slight, are among the most...

“Quantitative easing” was supposed to be an emergency measure. The Federal Reserve “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was that the Fed...

AAPL, not long ago the one true love of fund managers, has been a conspicuous laggard since the broad averages trampolined off December’s lows. It is only in retrospect that we can see how they might have contrived, albeit with only modest success, to ignore the...

Because of its wide availability and exceptional conductivity, copper is found in everything from consumer products to automobiles to semiconductors. Last year global demand for the red metal stood at 23.6 million tons, and by 2027, it’s projected to reach just...

So much for the wall of worry! Bulls have improbably shrugged off steep downturns in the housing and auto sectors, rising interest rates, a costly tariff war with China, the pernicious rise of socialism on Capitol Hill, the economic implosion of China and Germany, a...

The way I see it, silver has basically two major categories of use. The first and most important use is as a monetary asset. It is only when used as a monetary asset that it could realize its true (or fair) value.

More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I looked into it...

Get ready for one of the most complicated price pattern setups we've seen in 4~5 years.  Within this multi-part article, we're highlighting many aspects of our predictive modeling solutions as well as some very clear patterns that we believe are tell all investors...

The charts for silver look nowhere near as strong as those for gold, but that is normal for this stage in the cycle, as at the start of major sector bullmarkets investors tend to be cautious and conservative and favor gold over silver. Before going any further note...

Large precious metals speculators reduced their bullish net positions in the Silver futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Silver has confirmed a bottom, with higher highs and higher lows, definition of an uptrend. Long-term – on sell signal. Short-term – on buy signals. Cycle is up. A tradable bottom remains in place and the trend is up. 

Current investing model favors bonds, therefore, investors should be overweighed with long bonds or bond ETFs for safety.

We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a common refrain that comparison has...

An odd thing happened at the beginning of 2019 for the markets – price levels across almost all sectors were deeply depressed as a result of the October through December 2018 price correction.  We're noticing that almost all sectors of the SP500 were relatively...

It’s now been four months since the US Department of Justice secured a criminal guilty plea from the former trader from JPMorgan for spoofing and manipulating precious metals prices on the COMEX and three months since that plea was unsealed.

Stocks had trouble staying aloft Tuesday after rocketing higher a day earlier. Although the Dow finished with a 117-point gain, it was up by more than 200 in the early going and probably would have finished in the red if sellers had been less timid. There were other...

Our research team has warned that the precious metals market would enter a 30~45 day rotational price trend on January 28, 2019.  On January 16, 2019, we suggested that the upside price move in the US stock market had reached initial upside target zones and...

Socialist Venezuela’s economic collapse and hyperinflationary spiral serves as a warning for American investors. It’s what can happen when a government spends perpetually beyond its means and refuses to face reality. (Editor’s Note: Last year Venezuela’s inflation...

I get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming.  Kyle Bass doesn’t expect a mild recession until mid-2020. Hmmm – explain...

Our pairs with open positions moved like clockwork yesterday. And not only the Australian dollar, where we took some nice profits off the table late last week. It’s wise to ring the cashier’s bell when the markets offer us profits. And it‘s even better to do so in a...