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Wealth Building Strategies

The Role of Gold in Your Portfolio


Posted by Greg McCouch via 321Gold.com

on Friday, 21 July 2017 07:17

Gold is the most misunderstood asset class in the financial world.

I remember when I first understood this and how enlightened I felt when I realized the true value of gold in one’s possession. I was 23 years old.

Because I was asked to speak at multiple conferences lately, I decided the time was right to explain the true nature and importance of gold in one’s portfolio, a concept that most modern investors simply do not understand or grasp.

Based on the responses I received after delivering this talk, it was evident the information I shared definitely struck a chord with those in attendance.

The information presented below is the content of my talk at those conferences. The first slide in my power point presentation was a quote.
Gold is the currency of monarchs,
Silver is the currency of the educated,

Barter is the currency of the working class, And Debt is the currency of slaves
Author Unknown

The second slide was this graphic below which was a statement that J.P. Morgan made while testifying before Congress in 1912. 

Screen Shot 2017-07-21 at 6.39.47 AM

....continue reading HERE



Bonds & Interest Rates

The Fed May Show Trump No Love


Posted by Peter Schiff - Euro Pacific Capital

on Friday, 21 July 2017 07:03

Peter SchiffTypically, U.S. Presidents are wary of claiming stock market performance as a referendum on their success. Most have seemed to understand that taking credit also means accepting blame, and no one would want to make the tortured argument that the positive moves reflect well on their presidency but that the negative moves do not. But Donald Trump has shown no reluctance to make any argument that suits his political purpose of the day, no matter its absurdity, and no matter if he has to contradict the arguments he made last year, or last week. Perhaps he assumes, as most investors seem to, that the risks are minimal because the Federal Reserve will jump in to save the markets if things turn bad. But in binding his performance so closely to the markets he overlooks the possibility that the Fed will be far less charitable to him than it was to Obama.

The Federal Reserve's Quantitative Easing program, which lasted from the end of 2008 to October 2014, was specifically intended to push up asset prices by lowering long-term interest rates and reducing financial risk. This provides a good explanation why the stock market gained nearly 200% from the bottom in March 2009 to October 2014 despite the fact that the U.S. economy persistently performed below expectations during that time.

Many people, myself included, argued that once the stimulus was removed stock prices would have to fall. Two and a half years later that has yet to occur. Although U.S. stocks are no longer rocketing upwards like they were during the QE era (the S&P 500 is up just 19% since the program wound down completely in November 2014), they have yet to experience any type of meaningful correction. Certainly market observers sense danger, but with the Federal Reserve cavalry always ready to ride to the rescue (as they did in January of 2016), markets have been free to drift upward.



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Stocks & Equities

A Stock Market Crash Is Coming!


Posted by Gary Christenson - The Deviant InvestorInvestor

on Friday, 21 July 2017 06:47

Conventional “Wisdom:” Markets move up and down, but the stock market always comes back. The DOW is frothy and needs a correction, but the stock markets are healthy and big gains lie ahead.

Pessimistic version: Jim Rogers saidthe next crash will ‘the biggest in my lifetime.’” [Coming soon …]

Question: Given the craziness in politics, the Middle-East, Central Banking, and global debt levels … do you own enough gold bullion?

Conventional thinking:

“Trump will save the markets, reduce taxes, and boost stock prices even higher.” [Don’t plan on it.]

“Gold pays no interest and has gone down for six years.” [True but irrelevant.]

“The Yellen Fed can’t let market bubbles pop so they will create more QE, more bond monetization, “printing,” and Fed support. In short, the ‘Yellen Put’ is alive and will protect investors.” [Maybe not…]

“The market got hurt in 1987, 2000, and 2008. It rallied back each time and went higher. This time will be no different. Stocks may correct but they are a good long term investment.” Read “The Bull Case: S&P is heading to 3,000.” [How big a loss before the rally?]

In the long-term the S&P probably will hit 3,000 but the short-term risk is substantial. The attractive lie is appealing but not necessarily true. Sometimes reality is harsh.

Screen Shot 2017-07-21 at 6.49.05 AM

The Fed and other central banks have added many $ trillions to their balance sheets since 2008. Official U.S. national debt is roughly $10 trillion larger in ten years. Consumer prices are higher, stocks and bonds have been levitated, the DOW and S&P are trading at all-time highs, and the markets haven’t crashed … YET. Something will puncture the bubble in stocks and bonds. Bubbles in currencies and confidence in central banks also await pins.

Examine the following chart of the S&P prices in average wages. Cause for concern?



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Gold & Precious Metals

Gold's Summer Rally Intensifies


Posted by Morris Hubbartt - Super Force Signals

on Friday, 21 July 2017 06:44

Here are today's videos and charts (double click to enlarge):
 

SFS Key Charts & Video Analysis

116GDXJ



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Energy & Commodities

Wednesday Report…Basic Materials and Commodities


Posted by Rambus Chartology

on Friday, 21 July 2017 06:41

Since the Basic Materials sector is breaking out I would like to take an in-depth look at some of the stocks that make up the Basic Materials sector along with some commodities in general. Most commodities have had a tough go of it since they topped out in 2011, but there are some signs that they may be bottoming, which could lead to a substantial rally over the intermediate to the long term. As you will see some of the bottoming formations are very symmetrical while others are pretty ugly, but as long as they can make a higher high and higher low an uptrend is in place.

Lets start with the CRB index which built out a one year bearish rising wedge formation that broke to the downside in March of this year. The price action has been chopping to the downside and has gotten a bounce to the upside in late June. Normally the price objective of a rising wedge is down to the first reversal point where the pattern started to build out.

crb-day-1

 

There is another pattern I’ve been keeping a close eye on which may have given us a good clue today that we may have a consolidation pattern building out which is forming above the January 2016 low. As you can see on this long term daily chart for the CRB index it has built out a sideways trading range which broke to the downside last month, which wasn’t a bullish development if one was bullish on this index.

....continue reading this comphrehensive report HERE



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