The Swiss Financial Market Supervisory Authority found evidence of ’serious misconduct’ by UBS employees in trading precious metals and most markedly in silver in an investigation of the bank’s foreign exchange and precious metal trading operations, it emerged today...
Silver Editorials & Commentary
Read the latest silver market commentary, editorials, essays and reports about investments and trends in the silver market and the economy in general.
November 12, 2014
Further proof of manipulation of gold and silver prices - if any were needed – came overnight as Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “clear attempt to manipulate precious metals benchmarks” by UBS employees in precious metals...
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November 11, 2014
The recent mid-term elections gave Republicans control of both the House and the Senate. Many economists and investment strategists are cheering the Republican takeover since they believe it will mean positive changes ahead for the U.S. economy. If history teaches...
What do Siegfried and Roy have in common with Federal Reserve Chairman Janet Yellen? Shortly after the Bureau of Labor Statistics released unemployment data last month showing that joblessness had dropped below 6% for the first time since the 2008 crash, the Federal...
November 10, 2014
For the first time since 2010, the average price of a gallon of gas in the United States has fallen below $3, according to AAA’s Daily Fuel Gauge Report. An estimated $40 billion is estimated to be saved this year alone. That’s money that can be put toward other...
It is generally held that for an economist to be able to assess the state of the economy, he requires macroeconomic indicators which will tell him what is going on. The question that arises is this: why is it necessary to know about the state of the overall economy...
“Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth.
Anyone with even a cursory understanding of human nature knows that if you give someone virtually unlimited power with next to no oversight, they will quickly become despotic. Consider what is currently happening in Japan.
With the U.S. dollar in the throes of a rally that has been rampaging since June, it’s time to revisit an idea that I first wrote about nearly twenty years ago – that a short-squeeze on the dollar could eventually cause a meltdown of the global financial system.
Here we go again, silver has been trashed to $15! But don't fear as this "trashing" in my opinion is going to be like Custer's last stand, let me explain. Just as in past episodes, the artificially suppressed prices have brought out 1,000's of "Indians" all over the...
The main U.S. stock market indexes were virtually flat on Friday, as investors continued to hesitate following recent advance, despite some important economic data releases. Our Friday’s neutral intraday outlook has proved accurate.
There is a saying: “The rich just keep getting richer”. And by all accounts, since the 2008 financial crisis, they have. Unfortunately, for the struggling poor and middle class, wealthy asset holders have been the only beneficiary of six years of Federal Reserve...
November 9, 2014
There are currently enough cross-currents in the stock market to create some uncertainty about its future direction. A rally with this kind of strength is not what the bears had expected, but now that the momentum appears to be waning, we need to start thinking...
Earlier this year commodities prices were fairly buoyant thanks in part to strong demand in Asia. The strength didn’t last long, however, and by summer weakness was evident in Europe and China. Global growth slowed considerably in the months leading up to October...
There can be one reason only for putting your money into the stock market and that is to earn a return on capital. Back in 2008-2009, many were faced with what would be their return OF capital once the market decline came to an end. Many never recovered their losses...
November 8, 2014
Silver is on major sell signal since 2011. Short term is on sell signal. COT data is not supportive for a major bottom.
Current investing model favors equities over bonds, therefore, investors should overweigh their portfolios with stocks.
The continued high level of downside volume is a little troubling, and the secondaries did not recover to new highs, but everything else looks pretty good. I expect the major averages to be higher on Friday November 14 than they were on Friday November 7.
November 7, 2014
Gold Churning, TLT, Silver, GDX & GDXJ analysis via videos:
The stakes couldn’t be higher. Vladimir Putin has launched a devastating plan to turn Russia into an energy powerhouse. And Europe, dependent on Russian natural gas and oil for a third of its fuel needs, has fallen right into his hands: Putin can bend the EU to his...
There is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies.
In the previous article, I provided a brief outline of the South Sea Bubble of 1711-1720. A bubble’s anatomy consists of three parts: creation, collapse, and aftermath.
The silence of the precious metals producers in the face of blatant, ongoing, illegal, and seemingly never ending price suppression has been deafening. How could the primary gold and silver producers sit by and watch as the price of their product is fixed by an...
November 6, 2014
During the early 1970s, the US made a deal with Saudi Arabia that if they would price their oil exports only in US Dollars, we would guarantee their security. With Saudi help, all other oil exporters were convinced/coerced into pricing their oil only in US Dollars....
Was the mid-September to mid-October move the entirety of the 10% correction called by some analysts or is the bear lurking? A couple of months ago, I penned an article discussing the position of the stock market in early August. The tools of my analysis are the...
Silver has had a torrid time in recent months and has fallen nearly 40% since July. In less than four months, it is down from $21.40/oz to $15.45/oz today. Silver is 70% lower since reaching over $49/oz in April 2011. The selling has accelerated in recent days and...
The gulf between the physical precious metals markets and the paper or electronic gold and silver markets is growing again and risks becoming as broad as it has ever been. Demand for gold and particularly silver bullion has been very high across the world in recent...
The broad stock market fluctuates following recent rally. There have been no confirmed negative signals so far. However, we can see some short-term overbought conditions which may lead to a downward correction at some point in time. We prefer to be out of the market...
November 5, 2014
In the previous article, I discussed one of the first documented examples of bubbles and a dramatization of a bubble with a St. Louis sports flavor. This time I discuss another bubble, not involving flowers, the South Sea Bubble of 1711-1720.
Has the West been cornered? It's an odd question isn't it? This can be interpreted in several different ways. "Cornered" as in financially? Militarily? Economically or even from a production standpoint. How about "morally" or even religiously? Or even...
Japan’s economy is down but not yet out. The world’s third largest economy won’t go quietly. Both these statements are merely my opinion, but if you believe there’s a risk that I’m right, you may want to pay attention to what the implications may be.
November 4, 2014
Bubbles, the final economic frontier. This is the voyage of the Market. Its multi-year mission is to explore strange new manias; to seek out new players and new sources of credit; to boldly go where no Market has gone before.
I expect a collapse in the value of currencies relative to real goods, real assets and real services. This will happen to all currencies, not just the dollar. I don’t expect a word where people lose confidence in the dollar and the euro does really well. On a...
Disclosure: I expected the triple bottom in gold and silver to hold. It did not! Silver crashed lower (from $19.28 on August 28 to $17.26 on October 29 to under $16 on October 31) and then gold plunged below $1179 to about $1160.
Thursday and Friday were very bad days for gold, silver and the shares. The explanation on Wednesday afternoon and Thursday was because the Fed discontinued QE 3. Along came Friday and guess what, the QE baton was passed to Japan as they announced an increase in...
November 3, 2014
My wife killed one of our cars recently. It was a good car. Old, recycled, reliable, safe. We had a small coolant leak and the car had been overheating for some time. (Not all divisions of household labor and responsibilities are beneficial.)But we don’t drive much...
In light of the news from the land of the rising sun and the sinking currency, let’s reserve NFTRH 315’s only real charting for a big picture monthly view of currencies, to which we usually give just a brief update, and then some misc. big picture monthly charts [...
The broad stock market extended its uptrend, following better-than-expected economic data releases. There have been no confirmed negative signals so far. However, we can see some short-term overbought conditions which may lead to a downward correction. We prefer to...
November 2, 2014
Silver finally broke down from its long-term uptrend late last week, which was a very bearish development that has opened up the risk of an immediate severe drop. As with gold, silver looks set to enter a cycle of company failure and mine closure leading to an...
Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today. This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline...












