Silver Editorials & Commentary

Today the 16th April 2015 may very well go down as the high of the bull market that began in 2009. Let’s take a look at the recent action using the daily chart.

When investors pour cash into a market, all else being equal – prices rise. And when investors pull cash from a market – prices fall. If we accept that simple relationship, and agree that the basic laws of supply and demand apply to investments just like they do to...

A catchy title this "$5,000 Silver?" don't you think? Am I crazy? Is this even possible? In who's lifetime? Ours or our great, great grandchildren long after we are dead and buried? The best way to look at this I believe is to briefly look at silver's big brother...

The banking system is supposed to be the backbone of the economy is it not. Ok maybe not. Many tout small business as the backbone of the economy. That is most likely a myth as well. Big business helps create numerous small businesses so that would make big business...

Last weekend, I expected the US stock market to drop suddenly from Monday into Tuesday. While I expected about close to a 2% drop, we got closer to a 1% drop instead (I give myself a C grade there). Out of this cycle low Tuesday (Gann 4/8/12 and Wall Cycle 22.5 TD...

Today’s chart is a composite weekly that shows the entire bull market, going back to 2009. You don’t need a degree in technical analysis to see that it has gone on for long enough to be considered mature. On the other hand, the average bull market lasts 97 months;...

There is so much data flying around out there. From the Credit data we reviewed yesterday to weakening manufacturing and exports to employment up nicely one month and down big the next, to frisky consumers (the economy’s ‘back end’, putting it nicely) out there...

I am going to let you answer this question at the conclusion of this article. If we start with the premise that small to mid-sized businesses are the engine of economic growth, we need to count how many such businesses exist in the United States. There are 6...

Let’s start with the “horrible headline periphery”; i.e, topics ugly enough to single-handedly take the economy down – and markets, rigged or otherwise – but not “sexy” enough for the sensationalism seeking MSM to report on.

The US Federal Government continues to release reports to the American people that either mislead or falsify the underlying data. This sorry state of affairs has been going on for generations, although it appears to have gotten worse – and blatantly so – during the...

In the early 2000s, Alan Greenspan was worried about deflation. So he hired Ben Bernanke, the self-proclaimed expert on the Great Depression from Princeton. The idea was that with Bernanke as his right hand man, Greenspan could put off deflation from hitting the US...

The stronger than expected February’s job market report fuelled expectations that the Fed will increase interest rates sooner rather than later. We believed that market reaction was a bit exaggerated, and suggested in the Gold News Monitor not taking the hike for...

The recent stock market volatility has caused the major averages to lose nearly all their gains for 2015. However, it is clear stock prices are still extremely overvalued by virtually every metric, especially when viewed in the absence of GDP and earnings growth.

Western, especially U.S., equities have become the leading sentiment indicator for the masses. And while the masses are not necessarily participating, a closer look at this false dawn reveals that the rise of equity buying panic may actually be the leading negative...

There are a lot of fine words being written about how attractive silver is at current prices and how it is about to enter a new bull market etc, but the plain truth is that it remains in a major downtrend and is a bear market until it breaks out of it.

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 slightly decreased their overall net bullish positions for the US dollar last...

Leadership continues to narrow while we are in the strongest period of the Presidential Cycle. I expect the major averages to be higher on Friday April 17 than they were on Thursday April 10.

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.

FXI China, Gold Bottoming, Silver Bottoming, GDX, GDXJ & Junior Gold Stock analysis via videos:

Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit and there's your answer. It is however much more complex, particularly in a large country like the United States, whose...

One of the biggest news stories, almost too perfect not to be timed, was released on a day when markets closed early: Good Friday. Conveniently not factored into major world markets was last week’s horrible jobs report.

When interest rates are kept low artificially, as has been the FED’s policy for at least the last 10 years, some benefit while others are hurt. Many times, those who are hurt don’t even know it is happening to them.

It’s Wednesday, April 8th – and mark the date; as for the first time in years, a specific article topic didn’t “come to me” in the past 24 hours. Not that there aren’t countless things to speak of – as usual, supporting the Miles Franklin Blog principal theses since...

The broad stock market continues to fluctuate following Monday's move up. There has been no clear short-term direction so far. For now, it looks like further medium-term consolidation, following last year's October-November rally. We still prefer to be out of the...

The S&P500 Index has been levitated for 6 years by easy money, low interest rates, buy backs of corporate stock, and so much more. Can it rally for another 6 years? I doubt it. Examine the following log scale monthly chart of the S&P.

Crude Oil is the world’s most important commodity as measured by dollar volume and wars fought to control it. T-bonds are debt in the world’s reserve currency – the US dollar. The market is huge and important. What do crude oil and T-bonds say about the silver...

According to a new study from Princeton University, American democracy no longer exists. Using data from over 1,800 policy initiatives from 1981 to 2002, researchers Martin Gilens and Benjamin Page concluded that rich, well-connected individuals on the political...

US T-Bond futures closed Friday, March 27 up nearly 12% from the February close. That was the 3rd largest monthly percent move since 1977 when my data begins and created a 3.61 standard deviation change. This is a huge move. What does it mean?

President Obama and Fed Chair Janet Yellen have been crowing about improving economic conditions in the US. Unemployment is down to 5.5 percent and growth in 2014 hit 2.2 percent. Journalists and economists point to this improvement as proof that quantitative easing...

Indications from the breadth indicators and seasonality are indecisive, however relative strength of the secondaries over the blue chips is a positive. I expect the major averages to be higher on Friday April 10 than they were on Thursday April 2. Last the OTC was...

Very few Americans realize just how bad the domestic energy situation will become in the next several years. While U.S. shale oil production has surged over the past five years giving Americans a false sense of energy security, the next five years will certainly...

Last article, I wrote that volume studies showed recent net outflows even as the market moved up during the recent OPEX /FOMC rally. I talked about the Rising Wedge, which when broken would cause a big drop. Well, we have some cracks showing up on the daily MACD...

I can’t stress it enough. It’s like one of those things that goes in one ear and out the other, I imagine. After all, the stock markets continue higher, interest rates and unemployment remain low, business investment is generally occurring even if at a slower rate...

The Spaniards of centuries past controlled the world’s elite maritime fleet. And this fleet’s colonization of the Americas is well-documented. The Spanish Crown would have told you their primary mission was to convert the indigenous people to Catholicism. But in...

Generally speaking, the chairperson of the Federal Reserve is treated by the mainstream financial media as being the very paragon of respectability. If the Fed says it – then the voice of economic authority has spoken, and we need to listen carefully.

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.

Crude Oil has fallen nearly 60% in less than a year – back to lows last seen in 2008, after crashing from a high near $147 a few months earlier. The economic consequences in the oil sector will be extreme.

Charles W. Calomiris and Peter Ireland, two distinguished economists and friends, wrote an edifying piece in The Wall Street Journal on 19 February 2015. That said, their article contains a great inflation canard.

The broad stock market continues to trade within a short-term consolidation, as investors remain uncertain ahead of Friday's monthly jobs report announcement, quarterly corporate earnings releases. For now, it looks like further medium-term consolidation, following...

It wasn’t until the late 1990s when I first had enough money – or better put, currency – to purchase anything other than life’s necessities. Consequently, my first investments were tech stocks during the internet mania, despite not having the slightest understanding...