Tag: streetwise interviews

What Experts Predict for the New Silver Bull Market

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By the reckoning of market watchers, the silver bull has arrived. The Gold Report takes a look at what some of the experts predict for the silver price going forward and for companies poised to benefit from the upswing.

Stack of Silver Coins

The Outlook
Like gold, the price of silver has surged following Britain's vote to leave the European Union, with investors purchasing the "safe haven" metals to protect wealth in the event other markets falter. According to an article published on July 19 on INN Daily, the silver price has gone up more than 43% year-to-date, "leap-frogging ahead of gold post-Brexit."

"Southern Silver Exploration Corp. will be a big winner."

Frank Holmes of U.S. Global Investors, in a July 11 post, notes that silver tops his "Periodic Table of Commodity Returns" for the first half of 2016. "Silver demand had a phenomenal 2015, with retail investment and jewelry fabrication both reaching all-time highs," Holmes wrote. Add to that an increase in demand for silver for photovoltaics, and now Brexit, and the first half of the year has "has been highly constructive. . ." Holmes notes that some experts believe the silver price will reach between $25 and $32 per ounce by year-end. The metal currently trades for ~$19.90/ounce. Continue reading "What Experts Predict for the New Silver Bull Market" →

Remembering Gold's Bullish Set-Up on Dec. 1, 2015

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Precious metals expert Michael Ballanger compares the Dec. 1, 2015 Gold COT Report with the latest one; the contrasts could not be greater.

Ballanger COT Report Gold

I have a question: "Does ANYONE have the foggiest recollection of just how incredibly bullish the Gold COT (Commitment of Traders) Report structure was back on Dec. 1, 2015?" Continue reading "Remembering Gold's Bullish Set-Up on Dec. 1, 2015" →

Brexit Leads To Uncertainty, But It's Good For Gold

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The Brexit vote adds uncertainty to an already turbulent global environment, says money manager Adrian Day, and has helped gold resume its rally.

Brexit Wall

The decision of the British people to leave the European Union in the face of extreme fear-mongering shook the markets initially, but they turned up at quarter end. The vote does not end the uncertainty, of course: the negotiations on Britain's exit, increased agitation against membership in other countries, the change of political leadership in Britain, as well as the potential break-up of the United Kingdom, all add uncertainty to an already turbulent global environment, and markets do not like uncertainty. Brexit also provides yet another reason excuse for the Federal Reserve and other central banks to keep interest rates excessively low for longer. Continue reading "Brexit Leads To Uncertainty, But It's Good For Gold" →

Following Brexit, Central Bank Desperation Never More Evident

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Precious metals expert Michael Ballanger discusses market reactions post-Brexit vote.

To truly appreciate market crashes, you must have an ample serving of grey hair.

Over the weekend, I must have received three dozen "Emergency Email Alert" notifications by newsletter services and financial intermediaries that got absolutely obliterated Friday morning and were expecting more of the same on Monday, which they got in spades. This new generation of "wealth advisors" has, unfortunately, been living off the largess of Central Bank guarantees and the winks and nudges of the "Finance Ministers" and "Treasury Secretaries" and "Chancellors of the Exchequer," where they make investment decisions based not upon analyses of balance sheets or income statements but upon the collective wisdom of Champagne Socialists. I have been writing about this for about thirty-five years and while it has not yet manifested itself in the advance of the prices of precious metals to levels that would correspond to the level of coinciding currency debasement, especially in the United States and Europe, it is going to be the "Talk of the Town" here in 2016. Continue reading "Following Brexit, Central Bank Desperation Never More Evident" →

The Fed Giveth and the Bullion Banks Taketh Away…

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Precious metal expert Michael Ballanger breaks down the gold price roller coaster surrounding the Fed's decision not to raise interest rates.

Ballanger chart cover

Janet Yellen just blew all remaining semblances of credibility believed to be still present at the U.S. Federal Reserve Board.

We have all heard for the past month or so that the Fed was going to hike the Fed Funds rate at today's meeting, the anticipation of which caused a rally in the U.S. Dollar (USD) and a surge in stocks - all while the bond market was rallying in response to weakness in the macroeconomic environment.

Well, they didn't raise as predicted back in March because of "China weakness," so today they didn't hike because of "soft exports" and "vulnerabilities in the global economy" and "Brexit worries" and a host of other totally clueless hypothecations. But the bottom line is that they didn't hike because the ensuing dollar rally would impair the collateral that underpins the massive debts owed by governments and homeowners to the banks that hold that debt. Stocks reversed lower when it became clear that the Fed has absolutely zero control over the U.S. economy, and is now truly caught in the headlights because banks are getting killed with the yield curve this "flat," and since the Fed's shareholders ARE "the banks," it takes on an aura of the surreal. Continue reading "The Fed Giveth and the Bullion Banks Taketh Away…" →