If a third round of quantitative easing is on the table (and many think it is) there is one thing you can bank on… continued interest rates at or near zero.  Zero interest rate policy (ZIRP) will continue for years in my opinion.  Real rates will be negative based on inflation, and that means gold continues to go higher.

Silver plunged something like 30% last week, then bounced for a few days – a text book dead cat bounce – and today dropped big again.  I expect this to continue at least to the $30 level and I still think silver could correct as low as $20.  I put a short term short trade on silver by using the ZSL and will take gains in that if it it plays out as I expect, then buy back into silver in the area around $20 (if it indeed goes as …

I’ve put up versions of thie chart before, but this one goes further back and is pretty clear. I continue to believe this is one of the most important charts for the coming few years. Ignore it at your peril.

Silver has had an insane run in recent months and I’m starting to think that the short-term run might be over.  Silver has sort of gone mini-parabolic with gold not really following suit.  As such the ratio of gold:silver has dropped significantly.  Enough to consider selling your silver positions and buying gold positions.
The biggest distinction between the two is that gold is much more of a monetary metal than silver.  Now, lots of silver purists will bark at this statement, and for good reason, but let me explain.  Silver is …

I’ve been reading some technical and highly detailed research on what to expect in the future regarding the economy, stocks and gold.  I’m still digesting this but am looking forward to de-briefing my readers here on what I’m thinking lies ahead.  The findings are pretty amazing to say the least.  We’re living in interesting times indeed.  More to come soon…

The rise in silver in recent months is huge to say the least.  The last six months have been very rewarding for silver investors as the price of the ounce of silver has more than doubled.  If you look at a chart, it looks somewhat parabolic which always makes me nervous.  I don’t exactly think that silver is necessarily over, but the short term rise makes me somewhat nervous.  If you have some paper silver gains such as SLV, I’d consider selling it and putting that cash into something like …

The problem is that it is too easy to manipulate stock prices simply by printing more of the currency of which it is priced in. We could print trillions every day from here on out and get the stock market to 1,000,000 on the Dow, but would that really be a good thing? Since the printing clouds our judgment of true valuation of the stock market, it is wise to “price” the market in something else. What else? Read on…

With precious metals surging and mainstream Americans being forced to acknowledge the threat of inflation (after having their heads in the sand for years), the topic of inflation is on the lips of many. For years, the debate has been whether we’re going through inflation or deflation. The question doesn’t tell the whole story, because you need to clarify the currency by which we might be inflating or deflating.
The reality is that we are going through massive deflation when things are priced in sound money. Things are …