News and Views

The holidays always prompt us to look both forward and back. Soon you'll start seeing 2018 forecasts. I'll review some of them for you and give you my own in the coming weeks. But first, I want to take a look back at 2017 – and do it a little differently. In certain circles I've been pigeonholed as a “permabear.” That is not correct. I'm probably one of the most optimistic people you will ever meet. I'm confident in the future of humanity, but I also recognize that we must overcome many challenges to get to the future we ultimately moreContinue Reading
December 18, 2017

The Man Who Invented Christmas

Last night the lovely Miss Puddy and I spent date night at the movies watching “The Man Who Invented Christmas”. I highly recommend it during this holiday season. The movie is about a young Charles Dickens who is up and coming but has just written three poorly received books. He has nonetheless moved into a large home in London, had it remodeled and has exceeded his available funds. Meanwhile his wife has hired staff and he is starting to panic about how to support his wife, three children and this new lavish lifestyle with no means moreContinue Reading
The rate at which global silver production increased over the past century is quite astonishing. When Columbus arrived in America (1492), the world was only producing 7 million oz of silver a year. Today, the world's largest primary silver mine, Fresnillo's Sauicto Mine, produced three times that amount in just one year (22 million oz, 2016). Yes, we have come along way in 500 years. moreContinue Reading
With the Nasdaq continuing higher this past week, it has now reached our minimum target we were looking for before a pullback may be seen. But, I think the XLF may be providing us with certain clues about how 2018 may turn out. And, it may not be as rosy as many believe. Well, at least the first half of the year. moreContinue Reading
After holding onto huge, unprofitable long positions for months, gold and silver futures speculators are finally giving up and bailing out, while commercial traders (who take the opposite side of these trades, since every long requires an offsetting short) are closing out their shorts at a near-record pace. Here's the gold data for last week, courtesy of GoldSeek. Note the massive shift by speculators from long to short. They're not in balance yet (where longs and shorts are equal) but they're heading that way fast. moreContinue Reading
BullionStar would like to thank all our friends and customers for supporting us during 2017, and to wish all of you a Merry Christmas and a Happy New Year! To wrap up the year, we have published this light-hearted article about outlandish products made from gold. Throughout the world, many luxury good companies vie for attention in producing luxury products made from gold, plated with gold, or with substantial gold content. moreContinue Reading
After shedding two round lots (from an original four) at 18062, the tracking position initiated a week ago with an explicit instruction to get long at exactly 16042 has produced a theoretical gain of $10,292. The underlying vehicle, listed under the symbol BRTI, is a CME product that aggregates order-book bids and offers from major exchanges. If we are able to close out the remainder of the position at 22104, my original rally target, the total profit would be $16,164. moreContinue Reading
Chris welcomes back, John Embry, Senior Strategist at Sprott Asset Management. The cryptomarket price explosion represents prima facie evidence of what the gold crowd has known for decades - gold price suppression fomented by the fiat money is doomed. Charles Hughes Smith from the Of Two Minds blog returns with commentary on the cryptocurrency bonanza. Real-world, peer-to-peer Bitcoin applications yield exceptional utility for all global inhabitants. moreContinue Reading
The end of the year is approaching. It has been a remarkable year. Three things stand out. Record after record in the U.S. stock market, Trump, and Bitcoin. What will 2018 bring? Will it be the end for them as well? As was widely expected, the Fed hiked interest rates. They also gave us a “look see” into 2018. The Fed indicated there would be three rate hikes in 2018; they expect economic growth to be faster and the labour market to stay strong; and they plan to increase the monthly balance sheet run-off to $20 billion/month starting in January moreContinue Reading
Gold's cycle structure is examined and reveals that price has either reached a longer term bottom this past week or will do so in short order. moreContinue Reading
A fundamental requirement for lasting peace and prosperity is to reject government by coercive monopolies such as we have had for all of human history. How anyone can expect a government invested with a monopoly on violence to restrain itself from bullying people whenever it can get away with it is difficult to understand. Most people apparently refuse to explore alternatives to statism and hope their particular government doesn't go the way of Zimbabwe or Venezuela — or Nazi Germany or Soviet Russia. moreContinue Reading
December 17, 2017

In The News Today

Bill Holter's Commentary The missing $21 Trillion… $21 Trillion Dollars Is Missing From The US Government. That Is $65,000 For Every Person In America. That Is More Than Our Entire National Debt! What's going on? Where is the money? How could this happen? How much has really gone missing? What would happen if a corporation... » The post In The News Today appeared first on Jim Sinclair's Mineset. moreContinue Reading