Silver Editorials & Commentary

The silver miners recently finished reporting their third-quarter results, offering a hard fundamental look into this sector.  This reality check is valuable given the fierce winds of bearish sentiment buffeting silver stocks in recent months.  Despite their huge...

We began writing on the War On Cash some time ago, when it was still just a theoretical ploy that we believed banks and governments were likely to employ as their economic adventurism continued to unravel.

India, Uruguay, Australia and now Spain. The Minister of Finance and Public Service, Cristóbal Montoro has reportedly just announced “anticipated measures in order to ‘reduce the use of cash.’ In other words, Spain is going to make cash transactions even more...

The financial end of the world in economic apocalypse is here. A funny thing happened on the road to recovery: Trump’s chief strategist admitted his view of the Trumpian future looks like the Great Depression.

Trading position (short-term; our opinion): Long positions (with a stop-loss order at $41.39 and initial upside target at $49.53) are justified from the risk/reward perspective. On Friday, crude oil moved higher once again as optimism over an OPEC deal to limit...

For years I have calmly, patiently, and for the most part rationally, listened to friends, family, patients, and colleagues grapple with the notion of precious metals. The majority understand the basic reasons why some portion of portfolio allocation is necessary or...

We’ve been using a downside target of 16.350, but if support at that Hidden Pivot fails, we’d be looking at more slippage to at least 16.165 over the near term. That’s the midpoint Hidden Pivot support of the pattern shown, and as you can see, a decisive breach...

Silver had actually broken down from its uptrend at the time of last update, and well before the US election. However, it was thought to look positive going into the election, because it was ascending off an important support level and from a rising 200-day moving...

All of the right things are happening for a bull market. New highs are increasing, new lows are decreasing and the secondaries are stronger than the blue chips. The only problem I see is downside volume, which has remained persistently high.

Current investing model continues to favor bonds over equities, therefore, investors should continue to overweigh their portfolios with bonds over stocks for safety and better return.

There is as yet insufficient evidence to speculate on whether copper’s impressive post-election leap will turn into a belly flop, or instead prove to be the booster stage of a much bigger rally. Whichever is the case — and I strongly doubt there will be any in-...

2015 was a terrible year for oil and it looked like 2106 would even worse; oil dipped below $30.00 and all cockroaches (oops we mean analysts) started to state $10.00 oil was next. When we heard this nonsense, we penned about whether the crude oil price crash...

Precious metals expert Michael Ballanger equates the position of the financial markets to that of a protagonist in a classic horror story and reflects on recent moves in the copper market.

Hayek’s The Road to Serfdom described how personal freedoms are progressively eroded by the state in the name of the common good. His warning is more associated with totalitarianism and dictatorships, than modern democracies, but the statist attitudes he warned...

Although the USD Index moved slightly lower earlier today, currency bulls stopped their opponents and pushed the greenback higher once again. As a result, EUR/USD extended losses and dropped to its lowest level since almost a year. How low could the exchange rate go...

If we look at earnings and the underlying fundamentals, then it is easy to state that the stock market should have crashed a long time ago. Earnings are tepid and in many cases were it not for aggressive share buyback programs the outlook would look even more...

I address this essay to two groups. One group is those among the liberty movement, who believe that there’s nothing wrong with inequality. These are often Objectivists, who unknowingly defend a regime that artificially suppresses working people. The other group is...

Not even a surprise Presidential election result could sever the bonds that have held prices in check for more than 5 years. From a mainstream media perspective, the financial system is a neat little house of cards. Made to look like sturdy boxes on a hilltop;...

President-Elect Trump may have just unwittingly sowed an equity market draw-down which will send even more protesters into the streets of America. Donald Trump's stated economic policies are clearly pro-growth and if he manages to implement his pro-business, anti-...

The US National Debt is a “train-wreck.” The official debt is nearly $20 trillion and the unfunded liabilities are $100 – $200 trillion, depending on who is counting. It can never be repaid. Implications are dire. Official debt doubles about every 8 years. Does $80...

Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense...

Equities sold off sharply as the election results started to come in. However, by the end of the week the market had settled generally higher. As with the gold price, equities have a Cycle trending in a certain direction, and we should continue to follow the...

The broad stock market fluctuated on Friday, as investors hesitated following recent rally. Will it continue higher, despite the relative weakness of technology stocks? We decided to close our profitable short position (opened on July 18 at 2,162 - S&P 500 index...

Over a Trillion dollars has been vaporized in the bond market in just one week. The phrase “blood bath” is an understatement as the widows and orphans have been routed. This isn’t supposed to happen in the bond market. So is the great 33 year bond bull finally over...

Oil sector is on a major buy signal. Investors can continue to accumulate oil stocks/ETFs by cost averaging and hold for the long-term.

Technical Analysis of the markets via videos:

Last week, I mentioned that it was possible that Y of B could make a new high into next week then we go down hard. I had 2214 (or so) on the SPX as a maximum upward target and that could be the case by Tuesday next week.

the broad stock market (S&P 500 index futures contract) was very volatile yesterday, as investors reacted to the US presidential election news. Stocks extended their short-term uptrend, as the S&P500 index got closer to record high again. We decided to close...

The chart included with yesterday’s DJIA tout showed a big-picture pattern going back to early 2016 that projects to as high as 19727. This one, tracing back to early July, points to a somewhat less ambitious target at 19489. It is more suitable for trading because...

President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have the room for manoeuvre to achieve this ambition as well as his intended tax cuts, because the Government’...

As the victory of Donald Trump took shape last night, futures on the various stock markets began to plunge. S&P500 futures were down the unofficial limit of 4% at one point. The Japanese Nikkei 225 Index closed down about 920 points overnight.

It’s early Wednesday morning, and I could not be more thrilled – as indeed, as I have loudly predicted since the day after the BrExit, Trump not only won, but did so in a landslide! Sure, America’s deadly demographics – featuring an explosion of welfare-seeking...

Three months ago on August 8, 2016, I wrote an article entitled, Gold To Thrive In A Fiat Ponzi With Negative Yield in which I presented the following charts and said: "Why would you want to own yen or euros with negative yield, when you can own gold? – the real...

At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that's not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which...

We may not know for a fact who will win the US election, but what we do know is that the Credit Cycle has turned. This will turn out to be more important in the near term, once the expected US Election market gyrations have subsided!

Our forecast down phase for WTI has now begun. We warned that $50 would be the top and that we would descend into 2017 with a potential major low to come. Our forecast has not changed - and we could easily see price back down to $30 early in 2017. We expect this...

History tends to repeat itself - and the more similarities to a past pattern we have, the bigger likelihood that it will continue to repeat. The day-to-date price swings of silver may seem erratic. However, from a broader point of view, they are repeating – to a...

Consider these uncertainties: This year’s election breaks the mold in a number of important ways. Markets seem to be agnostic as to which party is in control of the White House. However, likely that uncertainty will drive markets for time-being. Polls might be...

Oil sector is on a major buy signal. Investors can continue to accumulate oil stocks/ETFs by cost averaging and hold for the long-term.

The era of the mighty US major oil industry is coming to an end as the country’s largest petroleum company is in big trouble. While ExxonMobil has been the most profitable U.S. oil company in the past, it suffered its worst year on record.