Market Brief: Action toward a multi-year bull market
03/01/2015 Looks like gold found a bottom last week on a bit stronger volume. Gold shares gained, though we would like to see more volume on further strength, and better prices in silver. We expect the market to get back to rally mode shortly. We continue to hold a core balanced portfolio of physical metals and miners.
"There is a strange new and dangerous sentiment brooding below the spoken surface that whatever is going on in the world and in America today cannot go on much longer." Victor Davis Hanson: The Reckoning(Image: US Dept of State)
Gold: Barbarous Relic
Cash or Gold? You decide.Watch full-screen.
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The Fed Sets Another Trap
"In these days of froth, the persistence of extraordinary policy accommodation in a financial system flooded with liquidity poses a great danger. Indeed, that could well be the lesson of recent equity- and currency-market volatility and, of course, plummeting oil prices. With so much dry kindling, it will not take much to spark the next conflagration." --Stephen S Roach, Dec 23, 2014
The Fed’s balance sheet is a pile of tinder, but it hasn’t been lit … inflation will eventually have to rise.
Where will the price of gold be in 5 years? Greenspan: “Higher.” How much? Greenspan: “Measurably.” (New Orleans Investment Conference, Oct 25, 2014)
Heresy (Council on Foreign Relations, Oct 29, 2014) “Gold is a currency.” Listen.
Mercenary Musings: "We should always be cognizant that gold is the only real money and its true value is never subject to the decrees, fiats, machinations, whims, let alone the dreams, fantasies and whimsies of elected and/or autocratic national governments." — Micky Fulp
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TradersGame ebook guide for long-term precious metals investors:
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How to Buy Gold and Silver Today (to Preserve your Assets Tomorrow)
A Balanced Portfolio
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Yellen on US Debt (May 7, 2014) “There is more work to do to put fiscal policy on a sustainable course. Progress has been made over the last several years, in bringing down deficits in the short term, but [with] a combination of demographics, the structure of entitlement programs, and historic trends in health-care costs, we can see that over the long-term, deficits will rise to unsustainable levels relative to the economy.”
The Big Reset (video interview of Willen Middlekoop, Jul 17, 2014) Christine Lagarde has already discussed the coming “reset” of the monetary system involving financial regulation, monetary policy, economic and job growth, and structural reforms. What will this reset look like? Middlekoop discusses the current and last stage of financial repression before the global financial system fails and is replaced. What are the consequences for precious metals and in what timeframe?