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Commentaries

Technical Scoop: Non debate, ailing president, October crash, pending election, jobs disappoint, bumpy ride, golden returns

A shouting match non-debate. The president down with COVID-19. It made for an interesting week. The stretch run into the election is shaping up as a very bumpy ride. It’s also October. The month of crashes. Could it happen? It is also the month of stock market bottoms although given the election on November 3 any thoughts of a final low may have to await the results of the election, an election that is shaping up as one of the most controversial and potentially violent one ever.

Chop & Grind: Gold, Stocks & Commodities

Whether the market is foreign or domestic, equity, commodity or metal the grind is on. Speaking of grind, the one in gold has been expected as the metal builds out its big picture Handle to the bullish Cup with an objective that is much higher.

Debt Bugs and Windshields

Unreliable Assumptions -- Suppressed Growth -- An Ever-Deeper Recession -- Rosenberg: We Are in a Depression -- Banana Cake Recipe and Birthdays

Gold Is Doing It Again

Gold is trading really close to its 2011 all-time high. This is obviously a critical level for the future of gold prices.

Dalio's Bridgewater Associates and Kitco News pretend central banks don't create gold

But nothing could be more misleading than to tell people that central banks can't "create" gold when "creating" imaginary gold has been their desperate work for decades.

Debate Debacle: What Biden and Trump SHOULD Have Been Asked

Tuesday night’s presidential debate between Donald Trump and Joe Biden won’t go down as a great moment in the annals of American democracy. That much both camps, as well as independent observers of the chaotic spectacle, can agree upon.

The DOJ/CFTC/JPMorgan Settlement

As expected, the settlement narrowly focuses on spoofing, the illegal short term trading device and not the much more serious long term suppression of silver (and gold) prices that I claim JPMorgan has been guilty of since 2008.  As such, any claims by victims of JPMorgan’s illegal activities would have to show damage from very short term trading, a difficult and expensive undertaking.

The Sky Is Falling – Gold and Silver Are Following!

Gold and silver prices peaked in August at monthly and weekly over-bought levels. A three-month correction is reasonable and could indicate a price low in October. Another gold cycle low is due in December.

Gold, Silver And The “Sh*t-Show”

Last night’s debate was nothing short of a complete tragedy:  the tragedy of a collapsing empire.  I saw an ad on one of the financial propaganda cable channels that billed the debate as “The Main Event”  as if it were to be promoted like a championship boxing match.

Bullion Bank Criminal Corruption

What you first need to know is that Bullion Bank price manipulation in the precious metals has been going on for decades. And don't think for a second that a few fines and convictions will suddenly bring all of this to an end. There's too much easy money involved for a Banker to simply walk away.

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