Posts tagged 'SprottMoney'

There has been some revisionist history written lately regarding the gold price smash of September 2011. Since we at TFMR were paying close attention at the time, we are in the unique position of reminding everyone what really happened.

"Historically, when gold rises steadily, or makes a significant jump upwards, the share prices of those companies rise in tandem."After the rapid rise to $1,250 from the low of $1,050 per ounce in late 2015, gold traded in a range between $1,200 to $1,300 for most of 2016 and 2017.

With the open interest in COMEX silver blowing out to a new all-time high yesterday, we thought it best to discuss again what this indicates and what it doesn't .As of yesterday's COMEX close, the total open interest in COMEX silver is at an all-time high of 241,135 contracts.

It is happening, and it cannot be stopped.

The Currency Wars that have been discussed at length by many precious metals experts for years are here, and there is now no turning back.

During this past week, the bullish sentiment of investors continued to soar. A record level of investor bullishness never ends well for the stock market. Speaking of which, there has been an interesting development in the Conference Board’s Consumer Confidence metrics.

Gold and Silver will rise much higher in coming years, unless we get responsible government, balanced budgets, national debt reductions, and curtailed war efforts.

After an interesting week with lots of major changes going on, Eric Sprott feels optimistic. “Last week’s report was stunningly positive for the future of Silver and Gold,” he says, making it easy to imagine “a period time when the prices keep rising.”

In a major bull market, when investors have reached their limit, they’re advised that they can buy on margin and increase their position.

If the credibility of and confidence in such institutions as the Presidency, congress, FBI, Department of Justice, Wall Street, the Fed, and the dollar declines further, as seems likely, markets will react badly. Expect declines for stocks and bonds, a weakening dollar, and rallies in gold and silver.

This week, Eric discusses precious metal prices, the falling U.S. dollar and the resurgent mining shares.

In the early sixteenth century, the Hunt-Lenox globe was drawn, showing uncharted (and presumably dangerous) areas, marked with the warning: “HIC SVNT DRACONES” – “Here are Dragons.” Subsequent to that time, mariners sometimes adopted the phrase, “there might be dragons,” if they became concerned for their safety when in unfamiliar waters.

Deutsche Bank has confessed to illegal manipulation of the silver and gold market. Deutsche Bank has agreed to “cooperate”, and provide evidence against other, Big Bank defendants. This is cause for celebration, right? Wrong.

The title says it all. Time to get on board the Trump train! At least this what the majority of Republicans now believe for the first time since the primaries began.

We came across an article today, talking about silver supply troubles. We get it. The price of silver has rallied quite a lot, so the press needs to cover the story. They need to explain why. Must be a shortage developing, right?

Gold continues to consolidate. Two months of sideways price action is proving the yellow metal’s early-year gains were justified while setting the foundation for another move up.