Silver Editorials & Commentary

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:

People across Britain are going to the polls today to elect a new government. Opinion polls suggest that, as in 2010, a hung parliament is likely as neither the Tories nor Labour are likely to gain an overall majority

It’s an amazingly powerful weapon that only the US government can wield—kicking anyone it doesn’t like out of the world’s US-dollar-based financial system.

The world is getting hyped up about bond yields lately with bonds of all stripes declining, as if we are in the midst of a debt Armageddon (we are and have been in the midst of a decades-long and still intact ‘debt for growth’ Ponzi operation). Here is some...

There is an unwarranted assumption that market prices are always right, and represent "fair value". In the case of commodities, particularly metals, this is not necessarily true, because regulated financial markets make it too easy for government agencies and large...

The Russian ruble ended 2014 in bad shape. Not as bad as the Ukrainian hryvnia or the Venezuelan bolivar, but bad, nevertheless. For most of 2014, Russia faced an ever-increasing ratcheting up of economic sanctions. These set the stage for what was to come late in...

Americans would be quite surprised to know that even with all the U.S. Government sanctions and threats of war with Russia, we still import a significant amount of petroleum from the former communist country. How much petroleum does the United States import from...

In early March, I made the case that there’s no greater vote of confidence in a company’s growth prospects than when its top officers put some skin in the game and buy their own company stock. Among the examples I used were Warren Buffett, who owns millions of...

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued to cut back on their overall net bullish positions for the US...

Despite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the path of monetary manipulations.

Silver’s long bear market from its 2011 highs is believed to be “nested” within a larger bull market, along with gold’s, as discussed in more detail in the parallel Gold Market update, to which the reader is referred. This is an echo of what happened in the 70’s,...

Fear Causes Underinvestment Syndrome. It is very common for “fear of bad things happening soon” to cause investors to hold significant amounts of cash, which can be extremely harmful to long-term investment performance and your future quality of life.

This past week saw a huge swing in interest rates at the long end of the curve with the long bond in particular getting knocked for a loop.

When we started out in this business, one of the first saws of trading we learned was: Bulls make money, Bears make money, Pigs get slaughtered. That simple admonition is coming full circle as the stock market has been muscled to all time highs by central bankers...

Think back 4 years ago, and remember how good you felt as you saw silver rising parabolically. You were likely thinking how you were making money hand over fist as it rose almost daily. But, as we now know, the party had to come to an end.

There is a pair of troubling items which have been appearing repeatedly in the news lately: There is a War on the use of Cash, and Several banks which have been insolvent (bankrupt in fact) are being given the legal go-ahead to Bail In depositors’ money.

The next time you find yourself contemplating, worrying, or wondering with anxiety whether it’s too simple to be true; it is not simple – it’s exceedingly complicated. Not because the fundamentals are all that hard to understand. And not because in principle it is...

Let's start by looking at the daily chart for WTIC I posted earlier this week that showed a potential inverse H&S bottom with a double bottom head. The brown shaded areas shows the left and right shoulders. WTIC has closed two days in a row above the neckline....

All markets are rigged – and silver especially so!

The step sum is a single item Advance –Decline Line based on the daily closing prices of a market series. If today’s closing price is higher than yesterday’s the step sum advances by 1, if it’s below yesterday’s the step sum declines by 1.

Something amazing has happened in the energy market. The cost of solar power has fallen to the point where, in a growing number of places, it's cheaper than the electricity that utilities deliver from their coal-fired power plants. And its price is still falling.

The good news is: The market is oversold and due for a bounce. The negatives: For the past month the secondaries have been underperforming the blue chips, new highs have been practically non-existent and new lows have reached threatening levels.

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.

Who are the bankers? There are those known, doing a lot of dirty work, and there are those unknown, operating totally behind the scenes controlling everything, doing even dirtier work. What does that mean, controlling everything? How about the world’s money...

I’ve said it before and I’ll say it again: Forget about testing the 2009 lows. It ain’t gonna happen. Not as far as I’m concerned anyway. The final low appears to be in place…and while I think the downtrend is over, I suspect the volatility is not.

Silver reached a 30 year high in April of 2011. Since then it has fallen nearly 70%. In any correction or bear market – call it what you want – we hear calls for lower prices as the market falls. Similarly, as a market rallies we hear supposedly well-reasoned...

Mexico has long been a silver juggernaut. The indigenous peoples had been successfully mining this shiny-white metal since well before the Spanish colonials swarmed the shores in the 16th century. Several hundred years of Spanish development globalized Mexico’s...

JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen.

Financial markets are becoming aware that the US economy is stalling, so investors increasingly take the view that with demand likely to stagnate or even fall, prices for goods and services will soften. This is already threatening to be the situation in a number of...

A reset in the financial system seems inevitable. We survived other resets, such as the depression of the 1930s, WWII, 1971 separation of the dollar from gold, 1970s inflation, year 2000 stock crashes, and the 2008 financial crash. The world will survive the next...

In January 2014, I posted what has unexpectedly become one of my most widely-read articles, “What Does It Take to Be in the Top 1 Percent? Not as Much as You Think.” Seeing as it’s now over a year later and most of us have already either filed our federal income...

Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to...

The global financial world is increasingly unstable and approaching a reset.  A few reasons why:

After reading today’s market action, I realized that we were due a bigger move down this week than I originally had anticipated. I have been short the market somewhat from last week from near 2120 SPX, but not heavily so. I sold my leveraged long positions I picked...

Led by the charismatic Alexis Tsipras, the Syriza party took office in Athens on January 26th. The most prominent member of the new Prime Minister’s cabinet is Yanis Varoufakis, the Finance Minister. He is an economics professor, with a complete repertoire of anti-...

The old game is Rock-Paper-Scissors in which rock breaks (wins against) scissors, scissors cuts (wins against) paper, paper covers (wins against) rock. The game is balanced with wins, losses, and draws.

Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation. First proposed by Keynesian economist Alvin Hansen back in the 1930s, Secular Stagnation was coined to explain...

There are 105 trillion reasons to own silver. Very few investors in the world realize this, which makes it one of most undervalued assets in the world. While the paper price of silver could go a bit lower, it’s forming a bottom while the major stock indexes are...

Just as promised months and months ago, the NASDAQ has reached its all-time highs at 5100. That being said, the 5100 level is a huge resistance zone. It has held for 15 years. The bull is very mature at 6 years old, and without the benefit of further QE to continue...

Gold vs Silver: better fundamental value in silver, but more short term price risk? Gold price and silver price have been in an overall uptrend since 2008. Over the last 6.5 years, gold has returned an average 9.0% pa with a volatility of 18.8%. Silver has returned...