Silver Editorials & Commentary

We have a two-tiered market! The strong indices consist of SPX and DJIA. The weak indices are Russell 2000 and NDX. There are others which fit in both categories, but I am only differentiating between some of the most widely followed indices. The weak indices...

We may see a push to new highs for the blue chips early next week, but time is running out. Everything is in place to suggest we are at or within days of a major top.

It has now been more than a year since that fateful weekend in the Mediterranean when everything changed. However, like most of the big changes we’ve seen lately, there is a subtlety afoot that somehow results in few noticing. This should surprise no one really. How...

Silver is on major sell signal since 2011. Short term is also on sell signal. Big trend is down with a consolidation in progress, caution and patience is advised.

“The few who understand the system will either be so interested from its profits, or so dependent on its favors that there will be no opposition from that class.”

-Rothschild Brothers of London, 1863

Here's something you don't see very often: For a day and a half this week, the Japanese government's benchmark 10-year bonds attracted not a single successful private sector bid. At today's artificially-depressed yields, no one wants this paper -- except of course...

The longer you are involved with the financial markets, the more meaningful the expression don’t fight the Fed becomes. In the simplest terms, if the Fed keeps interest rates near zero, it is next to impossible to make money in conservative investments. As long as...

Earlier today, the British pound extended gains and hit a 4-1/2 year high against the greenback as upbeat U.K. employment data released on Wednesday still weighted on the pair. Thanks to these circumstances, GBP/USD broke above the important resistance zone. Despite...

The stock market has hung in there so far this year in spite of negative economic reports from December through February that indicated the economy was slowing significantly.

Bail-ins are a new way of "rescuing" banks and other financial organizations that have been sweeping around the world, even as they rewrite the rules for investors and depositors.

When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower. Instead she has pursued a variety of misguided nation-building adventures and...

Why has the level of employment in the US been falling? One would think that with a growing population and supposedly an economy that is improving that more of the population would be employed. It is not the case at all. Instead, the level of civilian employment to...

For millions it is already too late. They won't realize the geopolitical winds which are now blowing. Off in their own lala land, the average American will be focused on sports, celebrities, what the right amount of stealing (taxes) in society is, gay rights, which...

The easiest way for investors to become more decisive in the financial markets is for earnings to justify higher stock prices. While after-hours quotes should always be taken with a grain of salt, Google was down 2.48% after releasing some disappointing figures late...

Our market does appear to have bottomed. It may take a while to go into its mania phase, but it's already heating up. No one is going to want to be short when this train leaves the station—and the conductor has blown the whistle.

In 2014, Americans will pay $3 trillion in federal taxes and $1.5 trillion in state taxes. Believe it or not, according to the Tax Foundation, that means more of your income is being spent on taxes than on food, clothing and housing combined!

Silver has underperformed gold lately. In the first quarter of 2014, both metals have rallied nicely, but, somehow surprisingly, gold did better than silver. It leaves a lot of investors with the question whether silver is in a bull or in a bear market. David Morgan...

The mixed-bag economy and mixed-bag market continue to call for defensive contingency plans. Given what we know today, a rapid and sustainable push to new highs in stocks appears to be the least likely scenario, behind consolidation/correction. Earnings have been...

There’s been a lot of attention being paid to high frequency trading (HFT) as of late. The question has been raised as to whether or not HFT rigs markets. It is true that HFT adds nothing to GDP and is simply a legalized form of high-tech front running. However, the...

On the US monetary inflation front, the news is that there isn't much in the way of news. As depicted below, the year-over-year rate of TMS (True Money Supply) growth hit a 5-year low of around 7% at the end of last year and has since edged a little higher.

The relationship between the Dow and silver has been very consistent during the last 100 years. After each of the major Dow peaks (real, not necessarily nominal peaks), we eventually had a major bottom in silver. Below, is a 100-year inflation-adjusted Dow chart:

The stock bulls got a nice fundamental trifecta Monday with good news on the economic, central bank, and geopolitical fronts. However, the rally attempt thus far has done little to alter the market’s intermediate-term risk-reward profile.

In other words, money is rotating out of the risk high-flying, growth stocks and going into the safety of bonds and cash rather than the relative "safety" of large cap Dow names. It is for all of these reasons that the Dow is likely to follow the Nasdaq down.

Did you know that over the last year the Greek stock market is up roughly 45 percent? The country that many believed would never recover from a six-year recession is now making astounding strides, recently being added to the MSCI Emerging Markets Index at the end of...

The market decline continued last week, bringing the SPX to the lower line of a channel which was created by a parallel to its declining short-term tops. It was tested twice and held, on Friday. If it holds at Monday’s opening, it will most likely signal the...

Inflation is the dominant monetary policy; this is no secret. Western central banks have publicly targeted inflation for years, as part of financial repression policy (to reduce debt). This is the underlying (monetary) reason to hold hard assets - precious metals...

The market is oversold and likely to rally next week, but the narrowing of leadership, indicated by the diminishing number of new highs and negative seasonality are catching up with it. A rally next week is likely, but new highs are not.I expect the major averages...

Silver is more speculative than gold and continues to under-perform, which implies more weakness for the intermediate term.

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.

The S&P 500 closed at 1,833 on December 24, 2013. It closed at the same 1,833 on April 10, 2014, or over three months later. Common economic sense and the law of supply and demand tell us that when stocks stop making bullish progress, bullish economic conviction...

As we approach the end of the market’s favorable winter season, with the market over-valued by most measurements, and the Federal Reserve rapidly tapering back the QE stimulus that has been so important to the five-year bull market, it’s time to be prepared to take...

The New Economy Index (NEI) is on the brink of sending its first confirmed “sell” signal in four years.

Briefly: In our opinion the speculative short positions (full) in gold, silver, and mining stocks are justified from the risk/reward perspective.

Fact; The world’s resources are finite. Fact; Supply is constrained and demand keeps growing along with the world’s population. Fact; A sustainable and secure supply of raw materials and energy is becoming the number one priority for all countries.

Earlier today, the greenback moved higher against the British pound after better-than-expected jobless claims data, which showed that the number of people filing for initial jobless benefits in the week ending April 4 declined to an almost seven year low. Will this...

The weight of the evidence is saying stocks (SPY) have greater downside risk today than they did in late 2014. Our market model has offset that risk by maintaining a very significant exposure to cash. If the indecisiveness breaks in the direction of “risk-off”, we...

The U.S. Treasury would consume nearly half of total mine supply if U.S coins contained silver. Prior to 1965, the U.S. Mint included silver in its coinage. The U.S. dime, quarter and half-dollar consisted of 90% silver.

According to many analysts surveyed at the beginning of the year 2014 was not supposed to be a good one for silver. In fact in January we reported that many silver forecasts saw the silver price averaging around $21 per ounce. We are now in a mind-set where any...

Briefly: In our opinion no speculative positions are justified. Our intraday outlook remains neutral, as the market may retrace some of yesterday’s move up, extending its month-long fluctuations, and our short-term outlook is neutral:

Recent weeks were not bad for those gold investors’ hearts filled with golden hopes. The price of gold depends on many factors, but past patterns can give us important hints and suggest which of them are to be carefully studied and properly comprehended. If history...