What Investors Need To Know About U.S. Money Market Funds?

Why Low Risk Does Not Equate To Risk Free! Charles Schwab has informed its’ clients that “at least 80% of the fund’s net assets will be invested solely in U.S. government securities…”.   Schwab automatically assumes that all clients affected by this change will accept: “if you are in agreement with this change in your cash feature, no response is required from you. They consider a non-response from its’ clients to be notice. “Those who disagree have the “option” of either sweeping their cash into the corporate bank exposing them to greater risk.  They add “you also have the right to close your brokerage account(s) without penalty at any time.”
The Market Oracle

POWERFUL GOLD & SILVER COILED SPRINGS: Important Charts You Have To See

According to the fundamentals, gold and silver are severely compressed coiled springs looking for an opportunity to release their tremendous power.  Yes, it is true, the precious metals still hold a great deal of power.  Which is why their prices are constantly controlled by market intervention. Of course, the market intervention of gold and silver didn’t start recently.  Oh no, this has been going on for quite some time.  Even though the Central Banks and Gadflies on the financial networks have been able to BAMBOOZLE the public into believing gold is a “Barbarous relic”, fundamentals and the laws of nature can’t be broken forever… as serious consequences normally follow.
The Market Oracle

How Are Spot Prices Determined?

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Stock Market SPX New All-time Highs Continue

The SPX started the holiday shortened week at 2351. The market opened higher on Tuesday, rallied to a new high at SPX 2367, then pulled back to 2358 on Wednesday. After opening at another new high, SPX 2368, on Thursday, the market pulled back to 2353 on Friday before ending the week at 2367. For the week the SPX/DOW gained 0.85%, and the NDX/NAZ gained 0.25%. Economic reports for the week were sparse and mostly positive. On the downtick: the WLEI plus weekly jobless claims rose. On the uptick: existing/new home sales, consumer sentiment and the FHFA housing index. Next week’s reports will be highlighted by the FED’s beige book, the ISMs and the Q4 GDP second estimate.
The Market Oracle

A Damaging Week for U.S. Treasury Yield!

What a weird and unsettling week. The equity indices for the most preserved their gains, albeit despite Thursday’s divergent action, while the bond market went straight up (YIELD straight down), which is the more curious of the major asset class behavior as we head into the weekend… Technically, the plunge in yield fom 2.46% on Tuesday to 2.30% on Friday (-6.5%) has broken the integrity of the Dec-Feb high-level coil/digestion pattern. It is threatening to morph all of the action since Dec 15 (2.64%) into an intermediate-term top formation that will project weaker yield into the area of the up-sloping 200 day eMA, now at 2.10%
The Market Oracle

H.L. Mencken on Good Politicians

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SPX Bounces at the Trendline Again

SPX appears to have completed its Micro-Wave b at the trendline and now may be ascending to the final high. The Cycle top is now at 2375.46, so we may reasonably assume that SPX may go at least that high. The upper trendline is likely to be about 10 points higher, should it choose to go there. This rally is taking a long time to roll out.
The Market Oracle

Bitcoin Price Hits Record High!

Bitcoin has just smashed through its all-time high in US dollar terms. The US dollar was the last all-time fiat currency to crack as bitcoin has been hitting all-time highs in every other government/mafia mandated currency over the last few years. On CoinDesk bitcoin hit an all time high of $ 1206.60 which is the highest it’s been since Mt. Gox in 2013, which doesn’t count, because it was likely inflating bitcoin prices before it was shut down.
The Market Oracle

The Whole US Economy Hangs In The Balance

I have talked with many of the actors in the tax reform process—both in Congress and in think tanks. These discussions have served as the basis for my recent writing in Thoughts From the Frontline (subscribe here for free). I’ve seen one point of agreement—the tax system must be massively reformed. That point, sadly, is where agreement ends. Tax reform ideas usually fail because the status quo gives everybody some kind of perceived benefit. In reality, the benefit may be worth less than people think. But it’s preferable to the uncertainty of a new system.
The Market Oracle

Gold Futures Buying Yet to Start

Gold has powered higher in a strong new upleg since the Fed’s mid-December rate hike.  But the core group of traders who usually fuel early-upleg gains has been missing in action in recent months.  The gold-futures speculators have not done any meaningful buying since gold bottomed.  This anomaly is a very-bullish omen for gold.  Since these traders’ buying has yet to start, they need to do lots of catch-up buying. Since the day after the Fed’s second rate hike in 10.5 years in mid-December, gold has surged 10.0% higher at best as of the middle of this week.  Naturally these strong gains were really amplified by the gold miners’ stocks.  The leading GDX VanEck Vectors Gold Miners ETF blasted 34.6% higher over that same short span, trouncing the broad-market S&P 500’s mere 1.4% gain!  The gold sector is really shining.
The Market Oracle

Watch What Happens When Silver Price Hits $26… 

Mike Gleason: It is my privilege now to welcome in our good friend David Morgan of The Morgan Report. David, thanks so much for joining us. It’s great to have you on, as always. How are you doing so far here in 2017? David Morgan: I’m doing pretty good, Mike. It’s great to be on your show. Thank you very much. Mike Gleason: Well, as we begin here, David, we’re off to another solid start to the year in the precious metals markets. Things look quite similar today to where they did a year ago. We also saw some early momentum in 2016.
The Market Oracle

The Tax Gatherer

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Underperformance in Gold Stocks Argues for Interim Peak

The early stages of Gold bull markets (this one included) are characterized by strong outperformance from the miners. They will lead the metals and turning points and register strong outperformance. We saw that in the early 2000s, late 2008 to early 2009 and we have seen it again over the past year. During the recent rebound, the miners rallied back to the “Trump” resistance while Gold is not yet close to doing so. However, unfortunately for bulls, while Gold is now pushing higher above key levels, the gold stocks are lagging. This new and recent underperformance suggests the gold stocks have made an interim peak and will remain entrenched in a correction or consolidation.
The Market Oracle

Gold, Second Fed Hike and Interest Rates

The narration of reflation and ‘Great Fiscal Rotation’ imply that the Fed will hike interest rates in a more aggressive way in a response to accelerated growth and higher inflation. We have already covered the Fed’s likely policy in 2017 in the previous edition of the Market Overview, but let’s discuss the impact of higher interest rates for the U.S. dollar and gold once again. It is widely believed that higher interest rates are bullish for greenback and bearish for the yellow metal. Is that really so? Some analysts do not agree with that opinion, pointing out that the U.S. dollar did not rally during Fed tightening cycles. Therefore, the hawkish Fed may be actually good for gold, they argue.
The Market Oracle

Three Levels of Survival Skills

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When the Stock Market Flying Pig Tops

Flying Pig Filed under the category ‘smartest group of subscribers in the world’, I got an email from NFTRH subscriber Joe F. last week as I was mechanically managing the gold market in my somewhat downplayed, unexciting way… “You win 9 out of 10 [I don’t, actually], but I think the setup is there for gold to go immediately.” For a writer of many words over many years, I can sometimes grunt out the most basic of responses…
The Market Oracle

Gold Up 9%, Silver Up 14% YTD – Trump, Le Pen, Hard Brexit, Currency Wars Support

Gold up 1.5% in euros and dollars this week Silver up 1.4% this week and now up 14.3% and is the best performing market YTD Gold up 9% year to date – fourth consecutive higher weekly close and breaks resistance at $ 1,250/oz Gold up 9.4% in euros year to date as Le Pen’s lead in polls widened Gold up another 6.4% in sterling pounds year to date as ‘Hard Brexit’ looms French and Dutch elections pose risks to Eurozone itself and the entire European Union project Euro contagion risk on renewed concerns this week about new debt crisis due to extremely high public debt and very fragile banks in Greece, Italy and Portugal
The Market Oracle

The Revenge of Comet Pizza

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Energy Fuels Provides ‘Strong Leverage to Potentially Increasing Uranium Prices’

Uranium has risen 30% from the very low prices of late last year and a trio of analysts agrees that Energy Fuels is in position to take advantage of a rising price environment.
The Market Oracle

Our Enemy, the Executive State

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CoinWeek News Wire for February 24, 2017

By Coinweek ….   CoinWeek News Wire for February 24, 2017 Brain Food 1.) The Secret Art History on Your Money The “fancy heads” both prettied things up and made the documents harder to counterfeit. A $ 1 bill issued by the Corn Exchange Bank of Wisconsin in the 1850s or ’60s shows a head derived […]

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News – CoinWeek

Another Stock Market Bubble? Bring it On!

Anytime the Dow makes a new high you can be reasonably assured of hearing the B-word bounced around in the media. Memories of the last bubble are still vivid and painful enough to trigger flashbacks of the bubble’s collapse. It’s only natural then that investors fear a return of irrational exuberance. Despite these fears, the evidence of a newly formed bubble is surprisingly lacking, as we’ll uncover here.
The Market Oracle

Steel question a surprisingly common one

A recent email contains a version of a question that I have been receiving for my entire career.

The writer said, “Just before I moved to Florida, I sold most of my coins, but before I did I was looking for a 1943-S steel penny for my own collection, going through four rolls of steel cents and in doing so I saw this steel cent that looked strange.

“It was. It is a 1946 steel or aluminum cent. Have your had anyone find a 1946 steel cent before.”

My reply said this:

“There is no steel 1946 cent known. Use a magnet to see if it is steel. The metal is magnetic where bronze is not.

“People used to coat regular cents with mercury to make them look  like silver or steel.

“Also, make sure the date is not in some way altered.

“if it passes all (these) tests, send it to a grading service.”

A Texas coin dealer, the late Helen Wallace, said some version of this steel question was the most frequently asked question at her Fort Worth shop.

Usually they came after some local newspaper ran a story about a copper 1943 cent or a steel 1944.

That one-year composition change probably started more collectors than any single other event.

One of my uncles began collecting coins because of the steel cent. The public and the family called them silver cents because of the color.

A coin’s color is important.

People immediately see a difference and get curious – event if they can’t tell you which President might be on the coin.

I first learned of the mercury coating in high school chemistry.

My soon to  retire teacher told the story that when he was a kid, he electroplated a dime with copper.

Then he accidentally spent it as a cent.

What did he do?

He mercury coated a cent and spent it as a dime.

Was that fair to the merchant?

No.

But when a kid’s sense of justice is outraged, things like this happen.

Buzz blogger Dave Harper has twice won the Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper “Numismatic News.”

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Buzz – Numismatic News

Virginia Becomes Latest State to Pass Rare Coin Sales Tax Exemption

By John Brush – President, David Lawrence Rare Coins …… To paraphrase Margaret Mead, a small group of thoughtful, committed citizens can make great change when working together. John Brush of David Lawrence Rare Coins and John Feigenbaum of the Coin Dealer Newsletter–along with lobbyist Stephen Haner and the Industry Council for Tangible Assets (ICTA)–have […]

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News – CoinWeek

Big Moves in the World Stock Markets – Big Bases

Before we look at some of the 2009 bull market uptrend channels there are a couple of more big consolidation patterns I would like to show you on some of the stock market indexes. The $ DAX, German stock market, broke out of its 13 year triangle consolidation pattern back in 2012. Late last year it broke out of the blue bull flag with a nice clean backtest to the top rail. The big triangle consolidation pattern also had a smaller triangle as part of its internal structure.
The Market Oracle

Is Trump’s ISIS Plan Another US Military Invasion?

Just over a week into the Trump Administration, the President issued an Executive Order giving Defense Secretary James Mattis 30 days to come up with a plan to defeat ISIS. According to the Order, the plan should make recommendations on military actions, diplomatic actions, partners, strategies, and how to pay for the operation.
The Market Oracle

NSA and CIA is the Enemy of the People

Astute students of history understand that government agencies often further their own interests and not the administration they are designated to serve. Seldom is the genuine national security advanced when bureaucrats pledge their loyalty to their respective fiefdoms of projecting influence and power. Absent in this supremacy struggle equation is the abstract notion that state legitimacy is founded upon the will and consent of the people. Such a quaint concept does not reflect a chapter in the training manual that breeds the spooks who operate as above the law and unaccountable super spies.
The Market Oracle

Buy Zones in an Crude Oil Bull Market

Technical analyst Jack Chan charts the latest moves in energy market, noting a major buy signal.
The Market Oracle

Gold and Silver Weekly Update

Technical analyst Jack Chan charts the latest moves in the precious metals sector.
The Market Oracle

Banker Gold Price Suppression Currency Manipulations Have Persisted for 50 years

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