Silver Editorials & Commentary

Oil mounted a strong surge last Thursday as Saudi Arabia-led forces carried out a series of airstrikes against Houthi militants in Yemen, part of which is bordered by the Bab el-Mandeb strait, an important shipping “chokepoint.” For the first time in three weeks,...

I have to admit that personally I find some technical analysis of metal and other price trends somewhat difficult to fully understand – and some of the terminology used to express price patterns is foreign to me. But there is no doubt that such technical analysis...

The other night, I talked with my new friend Jack about the Economy, Taxes, and eventually Social Security. I explained that the unfunded liability for Social Security was far beyond what was possible to meet, and that somewhere down the road, Social Security would...

The broad stock market extended its short-term consolidation on Friday. For now, it looks like some further medium-term consolidation, following last year's October-November rally. We prefer to be out of the market, avoiding low risk/reward ratio trades. We will let...

The astonishing surge in leverage (i.e. NYSE Margin Debt) in late 1999 peaked in March 2000, the same month that the S&P500 hit its all-time daily high, although the highest monthly close for that year was five months later in August. A similar surge NYSE Margin...

Last time, I talked about there being one more rally left…and then the market would drop bigtime. I see no change in that outlook (after looking over the Gann Cycles from last Monday, I have determined that the next top would be April 2). I also talked about the...

How does the Standard of Living in an Economy grow? During the Dark and Middle Ages, there was very little innovation. There was very little effort expended to find new ways of doing things – of finding ways to create more while using the same amount of effort.

The highs of a week ago were widely confirmed suggesting additional new highs in the near future. I expect the major averages to be higher on Thursday April 2 than they were on Friday March 27. Last week’s positive forecast was a miss.

Silver is on major sell signal since 2011. Short term is on buy signal. COT data suggests lower prices overall.

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.

There appears to be trouble brewing along a number of fronts of which Greece might only be one of them. Above is the sinking ship known as Greece as represented by the Global FTSE Greece 20 ETF (GREK-AMEX). Greece is just one of a number of growing global problems...

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. The US fracking boom has turned to a bust. See chart below...

What Extremes? The S&P 500Index has tripled in 6 years, is overbought, and at an all-time high. See graph showing 7-year cycle highs and overbought indicators. Earnings do not support the high valuations of US stocks. Note the extreme valuations as shown in the...

Silver reversed sharply higher over the past week or so, surging dramatically. This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg. As usual, silver’s coming...

Though the Fed would deny it, it is clear from the minutes of the last Federal Open Market Committee (FOMC) meeting that a rise in interest rates has been put off indefinitely. The subsequent rally in the price of gold and the sudden fall in the dollar tend to...

There is this silly notion that the United States will become energy independent in the next several years, thus making it unnecessary to import oil from Middle Eastern countries such as Saudi Arabia. While some fairy tales in life may come true…. U.S. energy...

The top two questions people ask me when they learn that I’m a northern California surfer, are 1) whether I’m afraid of sharks or, 2) isn’t the water cold? The answer is yes to both.Of course I’m afraid of natural born killers the size of small cars lurking beneath...

’tis the week to hear from the various Fed governors once again. Today it is Atlanta Fed president Dennis Lockhart. I am finding his comments rather unsettling after reading one part of them. Here is what has me scratching my head in bewilderment, courtesy of Dow...

In my last article I wrote about an important top coming. On March 25, the US Market dropped about 1.4% to 2061. The E-Waves are saying we are not through yet to the upside. I talked about the Bradley Siderograph and Financial Astrology, and used some humor (but I...

It would be nearly impossible to find two world leaders in living memory whose influence is more inextricably linked to the countries they presided over than Cuba’s Fidel Castro and Singapore’s Lee Kuan Yew, who passed away this Monday at the age of 91.

Finance and economic expert Alasdair Macleod sees a fragile global economy with many ways to crash. Macleod starts in Europe with the euro currency, “We are looking at a currency which, at any moment, triggered by Greece or triggered by a butterfly in the jungle,...

I have mixed thoughts about what the stock market might do over the next 3-5 weeks, and in order to remain coldly objective, I’ll put the emphasis for now on technical indicators. First, however, and for the record, let me air my gut feeling that a rally to marginal...

The broad stock market accelerated its short-term decline yesterday, as it retraced most of last week's move up. For now, it looks like some further medium-term consolidation, following last year's October-November rally. We prefer to be out of the market, avoiding...

Here at the Miles Franklin Blog, we rarely – if ever – receive negative feedback…which is quite a testament to the so-called “advice” we give – which I facetiously put in quotes, as we are not “advising” readers to do anything but seek truth; and with it, to do...

Which silver? Paper silver or real silver? Silver prices are largely set on the COMEX futures – paper silver. A company can post the margin and sell short thousands of contracts with no actual metal available thereby creating artificial supply. The reverse occurs...

We are still in the grip of the Great Recession. Economic growth remains anemic and below its trend rate in most parts of the world. And what’s more, this state of subdued economic activity has been with us for over seven years.

Let’s analyse the technicals of Palladium taking a bottom up approach beginning with the weekly chart.I have drawn a Fibonacci Fan from the June 2012 low to March 2013 high which has shown some very nice symmetry with price including the 50% angle providing...

As an investor, I want to bet on the jockeys who win the most races, not just the best-looking horses. So, while I’m no Tom Peters or Stephen Covey, I’ve made a study of success over the last decade. The critical question for a metals investor: what does it takes to...

We showed you chart a yesterday suggesting markets are grossly overvalued, which to me is obvious and self-explanatory.

We wrote in one of our daily articles that Sweden had cut its main interest rate into negative territory (-0.10 percent). That way the Riksbank followed other European central banks. Currently, except Sweden, the negative interest rates are set by the Central Bank...

The Fed is important because millions of market participants believe it is important and a critical mass of people are under the illusion that its policies have put the “Great Recession” in the past and laid a path for a sustainably good economy going forward. In...

War delivers us from this state of limbo, toward the rebirth of sound money and economics. Sadly, war may be the ultimate distraction that finally breaks the political landscape wide open and shatters these broken institutions and power centers once and for all.

The Fed removed the word Patience from its statement made following the FOMC meeting that concluded on Wednesday. But, taking out that one word proved to be mostly irrelevant. The removal of the patient language was more than offset by the Fed’s lowering of its GDP...

The broad stock market extended its short-term uptrend on Friday. However, we can see some profit taking following recent move up. There have been no confirmed negative signals so far. For now, it looks like some further medium-term consolidation, following last...

Silver showed impressive resilience on the latest dollar rally, refusing to break to new lows, and with the dollar signaling that its huge rally is burning out, and gold’s COTs now strongly bullish, the outlook for silver is suddenly a lot better. While the bearish...

Next week includes the first 5 trading days prior to the 4th Friday of March during the 3rd year of the Presidential Cycle. The tables below show the daily change, on a percentage basis for the 5 trading days prior to the 4th Friday of March during the 3rd year of...

Silver is on major sell signal since 2011. Short term is on buy signal. COT data suggests lower prices overall.

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.

Riding a tiger is one thing. But getting off the tiger, without that tiger then whirling around and consuming you – now that is another thing altogether. A short non-econospeak translation of the results of the March 17-18 Federal Reserve meeting is that Fed...

Silver is scraping major support again, after a rough couple months where speculators left it for dead. But today’s brutal lows and extreme universal bearishness are the perfect breeding ground for silver’s next big rally. Investors are very underexposed, while...