Silver Editorials & Commentary

Silver is on major sell signal since 2011. Short term is on sell signal. COT data is becoming favorable and can see a tradable bottom in silver soon.

Current investing model favors bonds over equities, therefore, investors should overweigh their portfolios with bonds over stocks for safety. Cash is also a position for those who are un-invested or under invested until this model favors equities again.

“Profound ignorance masquerading as wisdom – all the worse from the mouths of the prestigious, the PhD, the Nobel prize winner….” – Unknown. It’s time to revisit British economist Peter Warburton’s April 2001 classic tome “The debasement of world currency: It’s...

While the media and investors are focused on Greece, Puerto Rico is having a debt meltdown of its own. The U.S. territory owes lenders over $70 billion, $5.4 billion of which is due in the next 12 months. But without some form of debt restructuring, says Governor...

More and more institutions are trying to make it harder for you to move your money into cash. Globally, over $5 trillion in debt currently have negative yields in nominal terms, meaning the bond literally has a negative yield when it trades. In the simplest of terms...

In case you thought you were smart enough to know why the Fed wants to do what it supposedly wants to do [1] MarketWatch sets you straight with the real scoop. We’ll use this as a talking point and see what comes of it…

Every attempt to come up with a single number (a price index) that reflects the change in the purchasing power (PP) of money is bound to fail. The main reason is that disparate items cannot be added together and/or averaged to arrive at a sensible result. However,...

56,859 contracts represents over 284 million ounces of silver in a market with a total of just under one billion ounces in open contracts (open interest of 197,092) and a combined warehouse “physical” inventory of just over 180 million ounces.

In the US, Coal has become a political hot button. Consequently it is very easy to forget just how important the commodity is to global energy demand. Coal accounts for 40% of global electrical generation. It might be the single most economically sensitive commodity...

A popular view these days is that the euro is a failed experiment because economically and/or politically disparate countries cannot share a currency without eventually bringing on a major crisis. Another way of expressing this conventional wisdom is: a monetary...

Can we really be halfway through the year? That’s what my calendar tells me, which means it’s time for the 2015 commodities halftime report. The periodic table of commodity returns, consistently one of our most popular pieces, has been updated to reflect the first...

China's four-week-long stock market rout wiped out nearly 30% off the Shanghai Composite Index since its highs of June. To stem those losses the Chinese government has formulated an interesting hypothesis: stocks won’t go down if you ban sell orders.

The good news is: The NASDAQ composite (OTC) closed at an all time high on Friday. The negatives: Last week’s rally was impressive, the kind that makes one question one’s bearhood.

Silver is on major sell signal since 2011. Short term is on sell signal. COT data is becoming favorable and can see a tradable bottom in silver soon.

Current investing model favors bonds over equities, therefore, investors should overweigh their portfolios with bonds over stocks for safety. Cash is also a position for those who are un-invested or under invested until this model favors equities again.

Despite the continued technical, paper induced bias to the downside, recent news that the US Mint has stopped silver eagle production is once again is being singled as the likely cause for the premium surges now being observed across all physical silver retail...

As the old saying goes, "Credit is suspicion asleep". Jim Grant calls it "Money of the mind". While the total outstanding amounts to a much bigger market cap than for global equities, credit can be rather ephemeral in price and even existence.

In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, S&P 500 index) Our intraday outlook is bearish, and our short-term outlook is bearish:

The cycle of hyperinflation is already upon us. It was set in motion long ago. We are in the ultimate conundrum. Politically, the US Government, Treasury, and Central Banks must satisfy – pay for – unfunded liabilities and promises.

The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.

You may have caught the title’s little inside joke. Sometimes you (well, I anyway) can look at a graph representing data that is a culmination of history (i.e. reality) and just let it settle in for some perspective and even some conclusions. Whether these...

Europe is a fascinating place, but not as interesting as it was before the European Union came into existence. Older travellers may recall the fun of going from one European country to another, with each having its own currency and banknotes which you could...

A front-page story in the Wall Street Journal over the weekend reads like spin control as managed by the Federal Reserve: Crises Fall Short Of Going Global‘. This orchestrated sigh of relief reminds one of the scene from Dr. Strangelove when the George C. Scott...

The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all...

As a technical analyst, I continually go through the charts trying to find similarities and clues to help me make educated trading decisions. My wife questions if I need help because I spend between 30+ hours every week staring at and annotating charts. It’s my...

- Silver imports into U.S. surge 33%. - Silver Eagle demand very robust. - Silver Eagles and Maples see 25% surge in premiums and shortages. - Silver price falls over 3.8% on same day as U.S. Mint runs out of silver eagles. - Total ETF Silver holdings remain robust...

In the midst of an intense global economic slowdown that began in 2008, China’s economy amazingly appeared to be unaffected. Defying the world-wide real estate collapse, China’s GDP grew by an impressive 8.7% in 2009. Fueled initially by a $586 billion stimulus...

It’s a strange situation – the long-term charts for silver continue to look awful, but there has been a quite dramatic improvement in its COTs, which now look positive, with readings that in the past have consistently lead to rallies. However, this doesn’t mean that...

As the situation in the global financial system deteriorates, large U.S. buyers continue to stockpile silver. How do I know this? Well, according to the most recently released USGS data, U.S. silver imports surged even higher in April. How much? Let’s look at...

How quickly we forget about the power of compounding interest - in reverse. The world is limping along at ultra-low interest rates. Otherwise benign movements from such extreme lows are magnified beyond comprehension. An equivalent interest rate move up from 10% has...

Silver is on major sell signal since 2011. Short term is on sell signal. COT data is becoming favorable and can see a tradable bottom in silver soon.

Current investing model favors bonds over equities, therefore, investors should overweigh their portfolios with bonds over stocks for safety. Cash is also a position for those who are un-invested or under invested until this model favors equities again.

It was not a very good showing for the 1st half of the 3rd year of the Presidential Cycle (on average the strongest 6 month period in the 4 year cycle). The S&P 500 (SPX) and Dow Jones Industrial average (DJIA) hit their highs in May while the NASDAQ composite...

The big picture in simple terms: US national debt is huge, ugly, unpayable, and accelerating higher. Silver Eagles are pretty and are priced low. Silver prices will increase erratically, driven higher by a devalued dollar, along with increasing debt. Silver is...

Silver’s fate will be determined over the next few weeks by the events unfolding around China’s stock market. If their equity markets stabilize, and if it looks as if the worst is over, silver will stabilize as well. If not, then neither will silver.

Stock markets in the US and those around the world, go up – and they go down. There are various names for the size and speed of the downdraft, which inevitably follow an up move. Pullback, correction, crash, and bear market are some of the terms used.

The global financial markets are still jittery and the twin worries (Greece and China) are playing on investors’ minds. Although anything can happen, it now appears as though a last minute deal between Greece and its creditors will materialise (gasp). If a deal is...

Volatility. It is what we expected and it is what we have with Tuesday’s big down and upward reversal, down hard again yesterday and today very green in pre-market. This volatility applies to most assets markets including the precious metals. It is the nature of the...

The USDJPY currency pair has traded exactly as laid out in previous client analysis and a correction now appears underway. Let’s analyse both the medium-term and long-term pictures using the weekly and yearly charts.

In our society, and every society, there are rules. Ideally, all the rules are applied equally, and nobody feels put out by having to abide by them. Some rules evolved naturally, as a consequence of some activity which people engaged in. That’s why in the US, and in...