Silver Editorials & Commentary

The good news is: The S&P 500 (SPX) closed at an all time high last Thursday. The negatives: There was little in the way of identifiable patterns last week. The Dow Jones Industrial Average (DJIA) was down a little while the SPX was up a little. The NASDAQ...

One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest. The Wall Street Journal reported on July 2nd: Two of the world’s most powerful women of finance sat down for a...

Is China’s economy, the second largest in the world, a disaster coming down to a hard landing, which has been the popular forecast for four or five years now?

When The Bank Espirito Santo catches a cold, watch the world sneeze.

There is not one correct or proper answer to the question of why do we invest? However, if we answer the question honestly, we can possibly improve our investment outcomes. Having worked on Wall Street for over twenty years and witnessed two massive bubbles and...

Once upon a time, there were safe havens in this world, places where investors could hide when the going got rough. If you believe this fairy tale world will persist, pinch yourself. In our assessment, not only are there no safe havens left, but instability may be...

When I was 20 years old, I sat through my first day of a business law course at Northwestern University. The professor began by writing two words on the blackboard (in the prehistoric days of blackboards and chalk): Caveat emptor. He raised his voice and said, “Let...

One of the recurring headlines adding to the “wall of worry” is the battle between U.S. hedge funds and the Argentina government over payment of the country’s bond debt stemming from the country’s 1998-2002 economic crisis. Pundits worry that a default is imminent...

So much analysis we see and hear lately is concerned with whether the stock market is in a bubble or not. A sampling of headlines in the last month or so:

Before we get into the subject of recent volatility, it is important to understand the primary market driver in the days ahead – earnings.

As we move into the second half of 2014, the Federal Reserve has continued to reduce its stimulus measures intended to boost the U.S. economy. Just last week we heard rumors from Fed officials that if the job market improves faster than expected, key interest rates...

We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US $100 billion. This arrangement will have a positive precautionary effect, help countries forestall short-term...

How do you see the economic endgame playing out for the U.S. and the world? That’s this week’s discussion topic, and although some in this forum will undoubtedly lean toward the Armageddon scenario, we should always leave room to imagine a far sunnier outcome, such...

According to Pimco’s new Chief Economist, Paul McCulley, the Fed’s war against inflation has been won! But, before we get out our party hats and plan the tickertape parade, we have to ask ourselves – for the past 27 years have we really been at war with inflation...

An attempt by SPX to start a meaningful correction was foiled when it failed to break through the 1952 support level which coincided with a trend line from 1814. The bounce off that trend line (blue on the daily chart) has now given it a third point of contact...

Prices have been holding up remarkably well considering the deterioration in the breadth indicators. On average the blue chips have been stronger than the secondaries during this seasonal period and that pattern has been evident this year.

Silver is on major sell signal since 2011. Short term is on sell signal. Upside is limited according to COT data, caution is advised.

Current investing model favors equities and both the growth and energy sector are on major buy signals. Investors should stay invested and new money should wait for the 4 year cycle bottom in coming months.

It is normal and understandable that investor confidence grows as paper profits in a long rally or bull market pile up. It’s therefore normal and inevitable that investor sentiment will be at its most bullish for that cycle by the time a rally or bull market tops...

The ongoing plight of the long term value investor continues - seemingly without end. However, decades of exuberance and greed have colluded. The financial establishment has created an accident waiting to happen. The mainstream has not "priced in" risk, which makes...

The ebullient mood on Wall Street today was stimulated by a rash of merger and acquisition announcements. Consider the following: In the energy sector, Kodiak Oil & Gas (KOG) agreed to be acquired by Whiting Petroleum (WLL), resulting in a sizable jump for both...

Last Monday’s Daily Telegraph carried an interview with Jaime Caruana, the General Manager of the Bank for International Settlements (the BIS). As General Manger, Caruana is CEO of the central banks’ central bank. In international monetary affairs the heads of all...

Retail giant Bed Bath & Beyond just announced plans to buy back another $2 billion in shares, which the company will start doing after it completes its current share repurchase program. You’ve seen it before: Press releases emphasize that buybacks return value...

Hot Off The Press

The broad stock market extends its consolidation along the level of its all-time high. There have been no confirmed negative signals so far. On the other hand, the upward potential seems limited here amid caution ahead of possible Fed policy tightening. We think...

An upward trend is afoot in the silver space, says Sean Rakhimov, editor of SilversStrategies.com. Rakhimov believes that at $26/ounce the reversal of the downward trend in silver will be confirmed and silver investors should set their sights on the next resistance...

For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from the housing Ponzi scheme. But progress has been slow, as they have been outgunned and out-spent by the banking titans.

If you don’t understand stock warrants, you are not alone. Very few of the professional newsletter writers and analysts understand them so why should you?

"There's a situation in the silver market now that we absolutely must take advantage of," I told my True Wealth subscribers last month. "It is the best opportunity to buy silver in over a decade – and possibly one of the best times you will ever see in your life." "...

Pimco is putting all their chips on the table, betting that low interest rates, along with lower and more stable global growth, will last for the next 3 to 5 years; an economic condition it is referring to as the “new neutral”.

There has been some interesting action take place in both the Aussie Dollar and Euro recently so let’s take a look beginning with the EURUSD daily chart.

We recently examined the performance of “safe” blue-chip dividend stocks and “stable” utilities during the 2007-2009 bear market; the results may have been surprising to some. Since price-to-earnings ratios (PEs) are often used to identify favorable entry points or...

It's now going on close to 30 years since I first discovered that silver was manipulated by excessive and concentrated short selling on the COMEX. I remember the exact moment like it occurred yesterday. It’s hard to believe I was in my 30’s when this started. As I’...

Briefly: In our opinion, no speculative positions are justified. Our intraday outlook remains neutral, and our short-term outlook is neutral:

Silver is not just any old commodity. It is old money. Despite massive efforts and price fixing, clipping and manipulation, it has remained central to monetary and political systems for centuries. Today it is small and relatively dark in the context of modern...

We are rapidly approaching my long time projected rally target, which is not that far above at 17,550 and although we can try to ride the last segment of the implied thrust to that number, the smarter trade lies in starting to scale into your favorite shorts NOW ....

Looks like more and more analysts are getting to be quite bearish lately. That’s what a few down days in the market can do to you…but is the future all that dark? As a pure market technician I’m not yet so bearish, if at all. From the fundamental side, well hell...

Whilst acknowledging that “this time it could be different” we have no choice but to call gold and silver lower on the basis of their latest extraordinary COT charts, which reveal that the normally wrong Large specs are already “betting the farm” on this rally. This...

The good news is: In spite of a rough week for the indices, new lows remain at benign levels. The negatives: All of the major indices were down last week and the secondaries were much weaker than the blue chips. The Russell 2000 (R2K) was down 3.99% while the S...

Silver is on major sell signal since 2011. Short term is on buy signal. Upside is limited according to COT data, caution is advised.