What Will Stocks Do When Consensual Hallucination Ends

Mike Maloney & Ronni Stoeferle: In Gold We Trust

Mike Maloney recently spoke with Ronni Stoeferle of the ‘In Gold We Trust’ report and had a very in-depth discussion about the global economy, gold, and investing in general. 

As you know, Mike Maloney loves charts, and Ronni’s team has just published a ‘Chart Book’ to accompany their extensive annual report. In this new series of videos, Mike picks out his favorite charts from this summary and dives into the data. 

As the series unfolds, you’ll gain new insights into everything from gold production, the gold/silver ratio, mining stocks and more.

- Source, Gold Silver

What is Needed for a True Silver Breakout?

Although unable to hold a 3% rally late last week, the silver price is still in good shape and investors just have to be patent, according to one market analyst. 

David Smith, senior analyst at the Morgan Report, said that although silver fell sharply from its highs Friday, the price is still holding support at $18 an ounce. 

“It’s very common for attempts to push up through to resistance to fail the first time,” he said. “The silver price still managed to close above $18, which is a breakout on the descending triangle chart.”

- Source, Kitco News

Michael Pento: The Coming Market Meltdown is Going to be Brutal

Economist and money manager Michael Pento predicts the debt bubble will implode at some point, and it will be felt everywhere on the planet. Pento says, “When this thing implodes, we are all screwed. 

On a global scale, we have never before created such a magnificent bubble. These central bankers are clueless, and they have proven that beyond a doubt. All they can do is to try to keep the bubble going.

I am going to make sure my clients are going to be protected and may have a chance to profit from this chaos because it is coming, and it is going to be brutal.”

- Source, USA Watchdog

Charles Hugh Smith: Will You Be Richer or Poorer?

Prolific and exceptionally perceptive author Charles Hugh Smith returns to discuss the insights in his just-launched book Will You Be Richer Or Poorer? Profit, Power & AI in a Traumatized World (the first chapter of which can be read for free here).

The current narrative that our standard of living is not only the best it has been in human history, but thanks to modern technology, is now improving at an accelerating rate. 

Smith turns this belief on its head, pointing out the many and various ways — many of them “intangible” and not currently measured in dollars — the human condition is fast worsening. Health, purpose, social connection, civil liberties, access to natural resources, career mobility; these are but a few examples. 

And technology is actually fast sending us down a darker path. One that empowers the central state, decimates jobs, destroys privacy, and has created today’s “landfill economy”.

- Source, Peak Prosperity

Brexit Turmoil, Rate Cuts, Gold & Silver Strengthen

Last week saw a softening in the price of both gold and silver bullion, as geopolitical risk was significantly curtailed due to the perceived success of the Brexit movement and reassuring housing data out of the United States.

That was last week and in this rapidly moving news cycle, that means it is old news.

This week risk is back on the menu and precious metal prices have responded accordingly, with gold once again trading above the psychologically important $1500 level that investors of the yellow metal have fought fiercely to maintain throughout the year.

Currently, gold is trading at $1503.85 USD/oz.

Meanwhile, silver is also having a great day, shooting even higher than gold in percentage terms, nearing the $18 USD/Oz mark, another key level that investors hope to retake.

Todays trading action places silver bullion at $17.83 USD/oz, up by 1.74% for the day at the current time of writing.

A number of factors can be attributed to these recent moves higher in price, as two major stories are currently hitting the airwaves, one in regards to the difficulty that Prime Minister Boris Johnson has experienced in regards to the Brexit movement, and the other in relation to the upcoming Fed meeting.

Since last week, which saw a surprise announcement from both Prime Minister Johnson and the EU, in which both parties finally agreed on Brexit terms, the Prime Minister has had little success in getting a vote passed.

Becoming increasingly frustrated and having to ask for an extension of the agreement, Boris Johnson has thrown down the gauntlet and is daring his opponents to a general election, of which he is planning to have on December 12th, if the Brexit agreement is not passed soon.

This has sent risk levels rocketing higher, as uncertainty within the United Kingdom reigns supreme once again and people wonder what is going to happen next.

Also providing a boost to the price of precious metals is the upcoming Fed meeting next week, in which the Federal Reserve is widely expected to once again slash interest rates, hoping to spur inflation and keep the economy chugging along.

Of course, with an upcoming Fed meeting, President Trump has to have his opinions on the matter heard and has once again taken to twitter, taunting and ridiculing the Federal Reserve;

"The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate. Take a look around the World at our competitors. Germany and others are actually GETTING PAID to borrow money. Fed was way too fast to raise, and way too slow to cut!"

Goldman Sachs is just one of many vocal voices predicting a rate cut next week, indicating that they believe the Fed will do just so, however, that it may be the last cut that the markets see for quite some time.

The October 29-30th meeting is expected to include another quarter point rate cut, bringing the funds rate down to the 1.5% to 1.75% range.

This prediction that this will be the last rate cut for a while is perhaps why President Trump is going so aggressively after the Federal Reserve this time, however, I believe that he has little to fear, as the ongoing trade wars are what have the Fed worried the most and I see no sign of that coming to an end, anytime soon.

Additionally, the Fed is actively expanding their balance sheet, as they stated they would do, directly intervening in the markets and providing liquidity as they see it is needed, purchasing $7.501 billion in Treasury bills recently.

This means that ultimately both gold and silver should steadily and reliably tick higher as the fundamentals for both metals continues to increase moving forward, in the short, medium and long-term.

Keep stacking.

- As first seen on the Sprott Money Blog

The Truth On Why Gold Isn’t Going Down…

This week we review the price movements of gold, silver, platinum, palladium, and the US Dollar index as well as diving into the gold to silver ratio, platinum to palladium ratio.

The real truth behind why gold isn't going down substantially in price is explained, plus much more.

- Source, Golden Rule Radio

FED Treasury Buying Again: Gold and Silver Manipulation Explained

Gold & silver manipulation explained, the FED is buying Treasuries again and a lot of them, but they don't want to call it QE...

- Source, Golden Rule Radio

This Needs to Happen First Before Silver Takes Off

Silver has been lagging gold, but if gold can hold current price levels, then the white metal can start to outperform, this according to Jon Lamb, portfolio manager of Orion Resource Partners. 

“I think silver takes off if gold continues to stabilize at these levels, I think you’ll see more interest in silver. 

Gold miners are making a very good margin at $1,500, silver miners at $17.50,” Lamb told Kitco News on the sidelines of the 121 Mining Conference in New York.

- Source, Kitco News

Here's What I'm Worried About with the Everything Bubble

How cash burn machines power the real economy, and what happens to that economy when investors refuse to have more of their cash burned.

- Source, Wolf Street Report

Dutch Central Bank Says Gold Needed For Global Economic Restart If Entire System Collapses?

Dutch Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over." 

Also, Gold Prices Around $1500/Oz USD, Are Not Helping Primary Gold Miners As Much As Anticipated?

- Source, Wall St for Main St

US & China Trade Negotiations Update

This is a US & China Trade Deal (more like Cold War 2.0 that's far more than a trade war) update. Jason talks about how things are a mess and how at a speech on Tuesday, October 15th in London St. Louis Federal Reserve Bank President James Bullard said that he expects this to go on for years!

- Source, Wall St for Main St

Mixed Week of News: Gold Goes Up, Gold Goes Down

This week was an incredibly bumpy ride for precious metals, as they were battered around, one moment spiking higher, than the next plummeting lower.

The reasoning for this volatile week in not only precious metals, but the markets as a whole, was because a number of key pieces of data were released this week, as well as some major breaking news in regards to the BREXIT movement.

The first piece of information that affected the precious metals market was the recently released US housing data figures, which painted a muddy picture in regards to the overall health of the US housing market.

The United States Commerce Department stated that US homebuilding fell from an impressive twelve year high, with housing starts falling by 9.4%, or 1.256 million units last month alone.

However, data for August was also revised, showing stronger than previously reported numbers, with housing starts being adjusted to 1.386 million units, from the previous level of 1.364 million units.

This data, which initially saw gold bullion move higher, then caused it to fall lower, as overall the general health of the US housing market is still in relatively good shape, due to it being artificially supported by low interest rates, that expected to move even lower in the coming months.

The next major news that would cause gyrations in the precious metals market would be the announcement by Boris Johnson, the Prime Minister of the United Kingdom and leader of the Conservative party.

Boris Johnson has been in intense negotiations with the European Union throughout the week, going back and forth on key sticking points, hoping to find a resolution to a problem that has been plaguing the EU and the UK for years.

Finally, it appears that both parties have found a middle ground and are satisfied with the "potential" deal that is soon to be made public.

European Commission President Jean-Claude Juncker took to twitter, breaking the news;

"We have one! It's a fair and balanced agreement for the EU and the UK and it is testament to our commitment."

In addition to the above statement, he attached his letter to the President of the European Council, Mr Donald Tusk, indicating his support for the deal.

Backing these statements up, Prime Minister Boris Johnson also made a statement on twitter, writing the following;

"We’ve got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our environment."

This significant news caused gold bullion to drift lower and the stock markets to move higher, as if this deal is truly reached, then it would be a major alleviation of geopolitical tensions that has existed for years, eliminating the uncertainty of a "hard BREXIT", "no deal".

At the time of writing, gold bullion is trading below the key $1500 level, at $1490.58, while silver stands at $17.51.

These current prices, however, are above the recent lows, as can be seen from the charts above, as both gold and silver bullion have regained some ground from levels seen after the BREXIT news first broke.

The true question now is, will BREXIT finally get done? Or will the people of the UK continue to live with this uncertainty hanging over their heads?

Both the European Union and the UK Parliament now need to vote and finalize this deal. With the latter likely being the biggest hurdle to get over, as Boris Johnson now needs to convince both his party, the people and the opposition that this deal is actually a good one and in their best interest.

We shall have to see what unfolds over the weekend, when votes are set to take place. Will this uncertainty finally end? Will the people of the United Kingdom finally get BREXIT?

We shall soon find out.


- As first seen on the Sprott Money Blog

Jeff Deist Explains the Existing Political and Market Enviroment

Jeff Deist gives his thoughts about the current political disunity in America and what that may mean for the markets and our lives in general in the coming years.

- Source, Jay Taylor Media

European Union: Everything is Unprecedented and Totally Crazy

Today's guest, Marco Janssen, shares his thoughts on the demise of the European Union. During our discussion we talk about negative rates, quantitative easing and the threat of a cashless society in the near future. 

Marco highlights why the EU experiment is revealing to the world that Central Bank policy is disastrous for humanity.

- Source, Silver Doctors