29
March
2019

MARCH'19

Physical Gold will outperform Stocks & Bonds over the next 25 years!

[Most Recent Quotes from www.kitco.com] [Most Recent Quotes from www.kitco.com]

Friday March 29, 2019 - World's Largest Oil co. and Petrochemical co merge.


Updated Sections: Copper & Platinum shares, Long Term Commodity charts, Commodities expressed in Gold, Inflation Index  ,

Not a better way to see how Authorities brainwash people than through the Mainstream Media. This video shows how they do it. Goering could not have done it better!

 Dutch & English with close captioning  Dutch & English with close captioning 

Important Fundamentals

  • With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired a 70 percent stake in SABIC, with an estimated value of $69.1 billion. Aramco’s CEO Nasser reiterated that the “deal is a major step in accelerating Saudi Aramco’s transformative downstream growth strategy”. 
  • Aramco has acquired the shares from the Saudi Public Investment Fund (PIF) for a share price of 123.39 riyals, which is a slight discount from SABIC's closing price on Wednesday. Analysts have been positive about the closing price, based on the fact that the acquisition is seen as a strategic, long-term investment, especially given that SABIC is one of the most defensive, non-cyclical segments...more in the Subscriber's section

Important Technicals:

  • The BREXIT does has a short term impact on the Dollar/Euro exchange rate..
  • All but one of our platinum shares have broken out and show an uptrend...see subscriber's section
  • Use the correction to accumulate, initiate your positions in xxxxxxx

more in the Subscriber's section

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Thursday March 28, 2019 - EU-officials in Brussels have "nothing" left to be proud off .


Updated Sections: Crude Oil price, Coal-Solar & Rare Elements, Agriculturals,

may brilliantEU-officials have nothing left to be proud off. Like Junker warned the UK months ago: we're gonna make it extremely difficult for Britain to leave the EU. Junker's & Co. are of course very unhappy to see they are about to loose1/3rd of their income, as well as the POWER they have over England.

The EU is a MONSTER with un-elected and lousy petty government officials who are slowly but surely destroying Europe. This is a recipe for trouble: one cannot allow a petty government official in Brussels decide about how many COWS and PIGS a farmer can have and how much POTATOES, WHEAT and CORN farmers are allowed to grow.

Brexit is as much about the refugee crisis, stopping mass immigration, and what is seen by many as the islamization of Britain as it is about the myriad insane regulations the Eurocrats in Brussels foisted on our scone eating and tea drinking friends."

The formation of the European Union was meant to ensure that nothing as horrific as the Second World War ever came to European soil again. Unfortunately because of the open borders, the bureaucrats and politicians in Brussels are ensuring that the tensions between member states will only rise. This influx of millions of migrants only promises to destroy European culture and piss of the locals, who, are forced to pay for it all. This antagonism results in a rise in nationalism and that will increasingly be felt in politics. In other words, the end result of the creation of the EU could well be CIVIL WAR, and/or another WAR between EU-member countries.

Politicians are people making the same mistakes over and over again, and expect the results to change....and don't even realize this is the very definition of insanity.

Important Fundamentals:

  • This year, the bears and the bulls might both simultaneously be right : we could see uncontrolled consumer price rises and a faltering economy or the beginning of a hyper-inflationary depression.
  • The bond selloff we’re seeing in Europe and the US started in Japan with JGB yields getting less negative by 2 bps to -.065%.  The European bank stocks and Japanese ones have been crushed as well as the US bank stocks. What we are seeing now, is a BACKTEST...expect lower the next weeks...more in the Subscriber's section

Important Technicals:

  • This formation is bearish for Stocks.
  • Technically stocks (SP500) look Bearish, but the Gold & Silver sector is Bullish. Worst case scenario we expect the SP500 to perform worse than the Gold & Silver sector.

more in the Subscriber's section

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Wednesday March 27, 2019 - Politicians and diapers have one thing in common. They should both be changed regularly, and for the same reason.


Updated Sections: Uranium shares, Banks & Financials, 

Politicians are the MIRROR of the people. This is a rather scary statement.

During the next crisis, who's gonna bail out the central banks? Dutch Central Bank allegedly made an euro 20 billion loss with Interest Rates Derivatives....During the next crisis we may well see that the IMF and/or the BIS will have to TRY TO BAIL out the central bankers...I say "try" because I think they will probably fail in doing so. The figures are way too high....

The coming financial & economic mega-crisis the West is about to experience soon,  will permanently end all left-green libertarian climate demands, because all affected countries and nations will have to use their remaining scarce resources for survival.

Gold has almost no uses, except being money...

While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment demand to the prior decade, can we truly understand how the precious metals market has changed, and probably forever.

Important Fundamentals:

  • Washington, we have a major problem! The bank index has crashed 10% in the 2 1/2 days of trading after last week's Fed meeting…wasn’t the Fed about as dovish as possible?  The Bank index confirms that we shall see NO  MORE interest rate hikes but LOWER interest rates.
  • ust
  • Saudis Admit They Want $70 Oil. They need a $70 minimum price to continue to be able to support the local people. ..more in the Subscriber's section

Important Technicals:

  • All but 2 shares in our section for Banks and Financials are in a BEAR TREND. This indicates we shall see NO MORE interest rate hikes and soon QE-4.
  • Gold equities are poised for a span of significant performance. A new wave of mergers and acquisitions (M&A) is likely to provide a strong catalyst for gold miners in 2019.
  • This is the time to buy...when nobody believes gold will go up. The gold market always start slow because of disbelief but momentum builds...and builds...and it is not an abnormality to see Miners go up by 5% to 10% and more per trading day. The capitalization of this sector is extremely small.

more in the Subscriber's section

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Tuesday March 26, 2019 - Fed desperate for inflation bullish for gold.


Updated Sections: Natural Gas shares , 

“The time to buy gold is when sentiment is low and people hate it. So, the bull market is intact.” We are in the fourth year. Bull markets start off slow because of all the bad sentiment, but then they gather momentum. So, it’s still not too late to jump on this train, and my expectation is this will pick up. The signal the gold market is getting right now is the Fed is throwing in the towel. They made some headway, but it came at a high cost because they slowed the economy . . . and they can’t continue. . . . Now, they are going to be desperate for inflation, and that is very bullish for gold.”

Interesting video if you want to learn more about QE and QT and how the Central Banks operate (FED, ECB, BoJ). The Central Banks are locked in between a Rock and a Hard Plate and can't get out of it. This is the final game....

Important Fundamentals:

Important Technicals:

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Monday March 25, 2019 - Are you prepared for the BIG DEPRESSION of the 21st century?


Updated Sections: Biotech-Pharma, Oil Shares , 

down arrow
Are you prepared for the "Big Depression" of the 21st Century?
  Politicians and Central Bankers are trying to postpone the inevitable. To avoid panic of the population, Authorities order the Mainstream Media NOT to inform the public about what is coming. Because of the Fiat Money created out of thin air and fractional reserve banking, INCORRECT signals are send to the entrepreneurs. Extremely dangerous.

Buy Gold, Sell Stocks Will Be the ‘Trade of Century’

Be advised the economies of all Western World countries are sliding into a depression (the EU, the USA, Canada, Australia, Japan, China,....)

note: the impact of e-commerce is limited and does not make up for the losses in the retail sector.

The “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown. It’s only a matter of time until the bearish bet pays off big. Be ready to capitalize on an end of the economic cycle as indicators warn that a recession is imminent in the coming quarters. The consensus is pointing to a recession in 2020 or 2021. It may be a lot closer though and we have a number of macro timing indicators that we look at which are pointing this way. Pain never shows its face until it’s too late. The 2000 and 2008 collapse was just a teaser. Patience is not a trait the new generation possesses...this generation only lives by IMMEDIATE SATISFACTION and it will pay a big price for this.

"ONLY GOLD STANDS AGAINST THE FINAL CATASTROPHE."

Important Fundamentals:

  • Last Friday Dow dropped more than 400 points, S&P 500 posted worst day since January amid worries over global economy.
  • We really have the signs that we are in a MATURING business Cycle and Central banks have little to no room to lower interest rates in order to kick-start the economy. They are left with two arrows only: Print Money and raise Taxes. Both will terminate the economy!
  • We expect Brokerage Accounts to be part of the Global Bail-In. Certainly so for LIQUIDITIES (which are by definition kept with Banks)...more in the Subscriber's section

Important Technicals:

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Friday March 22, 2020 - a Historic landslide: 36 year old Right Dutch Thierry Baudet wins provincial elections in the Netherlands!


Updated Sections: , 

Thierry BaudetRight Dutch Thierry Baudet wins provincial elections in the Netherlands. Dutch Prime Minister Marc Rutte loses Senate majority after the Forum for Democracy party makes gains in regional polls. Thierry Baudet, Forum for Democracy became the BIGGEST party in the Netherlands yesterday.

The result shows the enduring strength of "right" in the Netherlands. The most important short-term impact is that Prime Minister Mark Rutte's centre-right coalition will be forced to seek outside support to win Senate approval for laws passed by parliament. Provincial votes determine the composition in the Senate, where Rutte's government has lost its majority. The big winner in the vote was the Forum for Democracy party, led by 36-year-old Thierry Baudet, which held just two seats in parliament after entering politics in 2016.

Whatever is said, whatever the Mainstream Media pretend, there is an ongoing SHIFT TO THE RIGHT.  Trump was the 1st and his election was followed by the election of a right president in Brazil - Jair Bolsonaro - where yesterday former president Temer was arrested for bribery. And apart of Orban in Hungry we now also have Rightist Mattheo Salvani in Italy,...to be continued!

click here or on the picture left to see the victory speech (in Dutch) on tomorrow's update

 Important Fundamentals:

  • LOW INTEREST RATES are here to stay until at least the end of 2019 says the FED. The Federal Reserve likely just stalled interest rate increases for the year. ... As they kept the federal funds rate steady in a range of 2.25 percent to 2.5 percent.
  • The ECB will follow in the footsteps of the FED. 
  • Next question is: more in the Subscriber's section

Important Technicals:

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Thursday March 21, 2019 - We always stated that we would "NOT" see a BREXIT!


Updated Sections: Recession Proof shares , Recession proof(hold) ,

financial collapseBREXIT has become a TYPICAL-STINKY-POLITIC GAME between UK and EU politicians with ZERO regards for the Citizens whatsoever. Prime Minister Theresa May has announced that she has written to the EU to request a short extension to Article 50, insisting that she is not prepared to “delay Brexit any further than the 30th June." Few realize that when there is a BREXIT, the EU looses 1/3rd of it's income. In other words, there is A LOT OF MONEY being played out....

There now also is no longer "freedom of speech" in New Zealand.  Everybody publishing the video of the EXTREME-GREEN-LEFT terrorist, is arrested by the local authorities. Celui qui dit la vérite, il doit être exécuté (he who tells the truth, must be executed).

The EUROPEAN & SWISS BANKING SYSTEM is a MESS & BROKEN...

UBS Says First Quarter Was ‘One of the Worst’ in History. UBS Group AG Chief Executive Officer Sergio Ermotti gave the most decisive verdict yet on the difficult markets faced by Europe’s investment banks, describing conditions as the toughest in years. UBS will slow down hiring and deepen cost cuts by about $300 million as it confronts one of the worst first-quarter environments in recent history.

Switzerland’s largest bank adds to the evidence that conditions haven’t improved from the fourth quarter when French lender Societe Generale SA issued a profit warning for its markets business. Executives at both Citigroup Inc. and JPMorgan in recent weeks have warned of weaker trading revenues compared with a year ago. January was a terrible month for the trading business at Deutsche Bank.

In Belgium, the bank BNP Parisbas Fortis has announced the closure of 267 of its 678 branches over the next three years. At the end of last year the bank announced the closure of 62 branches. However, now it intends to close one in four of its branches and scrap 2,800 jobs.

Only for Subscribers:

Under "Basel III" Rules, .....more in the Subscriber's section

Important Fundamentals:

Important Technicals:

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Wednesday March 20, 2019 - Can 2008 happen again and what would you do if you couldn't get money out of your bank account?


Updated Sections: Juniors fundamentals, 

ATM out of orderCan 2008 happen again and what would you do if you couldn't get money out of your bank account?

The video is in DUTCH only and you can watch it on our DUTCH site...click here for the Dutch site.

What would you do if the bank suddenly froze your account and you couldn’t access any of your money?

Chinese customers of some Spanish banks recently faced this exact scenario. Three of the country’s biggest banks – BBVA, Caixa and Bankia – froze accounts belong to Chinese/Spanish residents for up to three months. Some of the account holders were Spanish citizens.

The banks locked down the accounts under Spain’s anti-money laundering laws. BBVA reportedly froze some 5,000 accounts. All of this stems from a tightening of money-laundering laws in the wake of a 2017 scandal that ensnared several Spanish banks.

This reveals how quickly things can happens when somebody else controls all of your money and why you should always have direct access to liquid assets. Barter metals are one option.

Just last fall, many Iranians turned to gold in the wake of massive currency devaluation. Iranians have traditionally saved gold coins for major purchases, but they have had to gold for more mundane transactions. Some landlords started collecting rent in gold instead of rials. 

Barter also spread through several European countries after irresponsible government spending led to a debt crisis and bailouts a few years ago. In 2012, Spain saw a noticeable increase in barter exchanges, as Spaniards sought alternative ways to do business with each other in an economy on the verge of a major debt crisis. Greeks also became fluent in barter and alternative means of trade when their financial system effectively collapsed in 2010. Greeks had their access to cash severely restricted during their country’s recent economic turmoil.

Silver coins are an excellent way to hold barterable metal.  Up until 1965, quarters and dimes were minted from 90% silver. That makes them also perfect for buying basic goods during times of hyperinflation – or if banks start freezing accounts.

Important Fundamentals:

Important Technicals:

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Tuesday March 19, 2019 - The US Oil shale industry is a Ponzi Scheme !


Updated Sections: Gold & Silver Juniors (new share- see update of tomorrow for fundamentals), 

The US Oil shale industry is a Ponzi Scheme...this will pull the US-economy and the US-Dollar DOWN!

Important Fundamentals:

Important Technicals:

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Monday March 18, 2019 - The next recession sits right around the corner !


Updated Sections: 

This is a NEVER ending story and a Collective Suicide BECAUSE people don't learn from History. The next recession is about to happen NOW (within the next 5 years) and - because the bubbles are bigger - will be more devastating than the 1929-39 Depression.

the end

Important Fundamentals:

  • Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its monthly Oil Market Report. This will happen against the background of steadily rising demand despite a slowdown during the last quarter of 2018, the agency said, adding that it had kept its 2019 global demand forecast unchanged from the last OMR at 1.4 million bpd.
  • While Venezuelan’s oil production will not to grind to a complete halt, further decline is more or less a certainty. However, any serious market disruption should be limited because OPEC members—excluding U.S. sanctioned Ian and Venezuela—are sitting on some 2.8 million bpd in spare capacity. This, with two-thirds of it in Saudi Arabia, could be quickly brought back online to cover any shortages, especially of heavy crude. OPEC has cut mostly its heavy crude oil output...more in the Subscriber's section

Important Technicals:

  • xxxx xxxx continues to hold its breakout, xxxx xxxxx contracting globally (lower interest rates), Indian Rupee breaks above the trend mean, Australian Dollar tests its lows, Industrial resources ease with China, but commodity exporter stock markets outperforming.

  • The IDIOCY I more and more see in the Mainstream Media, has no limits. Millenniums and Snow Flakes seem to have lost ANY SENSE of REALITY. Last week I read an article about HOW WELL JAPAN did the past 20-30 years and how well the Japanese Authorities & Bank of Japan succeeded in giving a new birth to Japan?!. The reality however is totally different....one needs just to express the Japanese Yen and Nikkei in Gold (real money).  Few know that the Swiss Central Bank and the Bank of Japan BUY Swiss and Japanese SHARES in order to keep the general level of their stock markets acceptable. 
  • Note how both the Nikkei and the SMI-Index are now running into heavy resistance...ONLY if more fiat money is created out of thin air, the resistance zone can be broken. If things don't work out as the Authorities expect, the Nikkei will loose big time or 150% ; the SMI-Index will loose 50%...more in the Subscriber's section
Japan Switzerland

Those holding Yen and/or Japanese Stocks lost on average 80%  since the year 2000....or 4.44% on a yearly basis.

Those holding Japanese stocks are somewhat better off...For those however holding on to Real Estate, the loss was DRAMATIC.

Those holding Swiss and/or Swiss Stocks lost on average 72.50% since the year 2000....or 4% on a yearly basis.

Those holding Swiss stocks did only marginally better.

The Swiss Franc did better than the Dollar and the Euro.

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Friday March 15, 2019 - For everyone who wants to learn something from history.


Updated Sections: Long term Stock Market indexes (lots of red), Royalties (mind the 
new indicators)
, Majors (new indicators), Gold fundamentals, Silver Targets,

green left

Nationalsozialistische Deutsche Arbeiterpartei was the party that emerged from the German Workers Party on 24 February 1920. The NSDAP (Nazis) had national socialism as a political ideology, a mix of extremely nationalistic, extreme leftist and extremely racist ideas with Adolf Hitler as a leader. The party came into power in 1933 with the help of propaganda that appealed to the resentment of the German population. There was also terror and intimidation of political opponents. The first acts of government included the restriction of freedom of expression and the prohibition of other political parties.

Hitler was not just left; he was GREEN LEFT. In 1933 vivisection was banned and in 1934 the fox hunt was. Göring was against "the torture and intolerable suffering of animal experiments" and said that "those who still think they can treat animals as a utensil they own" will be sent to a concentration camp. The Nazis were active conservationists and established various National Parks. Hitler was a nature and animal lover, vegetarian, non-smoker since the start of his political career (before he smoked two packs a day), he didn't drink alcohol and supported homeopathy. He campaigned for eating whole-grain bread, local produce, and seasonal fruit and veggies. The Nazis also supported bio-agriculture and the SS leader Himmler owned an eco-farm.

Smoking was not permitted in buildings owned by the NSDAP, nor in the waiting rooms of government services. Furthermore, pressure was exerted on schools, universities and hospitals to ban smoking.


The PROBLEM is Government!  To solve the problem, we need LESS Government!

Important Fundamentals:

  • China's economy is 12% smaller than official data say, study finds. The reliability of Chinese data has been an enigma investors’ have been pondering for decades. It’s not really a question we can answer with any degree of confidence so the best course of action is to monitor the actions that can be backed up with some degree of confidence.
  • Ore grades at gold mines have been contracting for years but the massive investment in additional sites during the bull market did not result in massive new sources of supply. Nevertheless, mining productivity remains high because production is more efficient today because of technological improvements. Contrary to what many expected, as usual and as during the 1980's to 2003, few miners go bankrupt...more in the Subscriber's section

Important Technicals:

   

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Thursday March 14, 2019 - sales of Silver Eagles are still halted!


Updated Sections: Indexes in REAL MONEY (Gold or that's what really counts! ,

Get your money out of the US-Dollar, out of US bonds, out of US stocks. Time is running out quickly to protect yourself! This is the calm BEFORE the storm. Only because of Trump it was possible for the FED to hike interest rates. If Hillary would have been elected, we would already be in QE4 !. The Dollar is gonna fall and it's gonna fall HARD (like the Pound Sterling did in the past).

You don't want to scramble to buy Gold & silver when everybody else does. Gold is money and has been money for centuries and will remain money for centuries. This doesn't mean that Governments will continue to create worthless money out of thin air and will continue to try to convince people their money is BETTER than Gold. They know THE PEOPLE are IDIOTS and will take full advantage of it.

Important Fundamentals:

  • A couple weeks ago, we told you the US Mint temporarily suspended sales of 2019 American Silver Eagles. Unfortunately, we just heard the mint was unable to replenish inventory and sales of Silver Eagles are still halted. The last time this happened, premiums on existing stock rose 30% across the industry.
  • BEWARE: the central Bank of Canada has NO GOLD! Canada’s official international reserves last released by the Bank of Canada (BofC) on February 23, 2016 showed gold reserves at zero (0). This is unprecedented. Canada now stands as the only G7 nation that does not hold at least 100 tonnes of gold in its official reserves. The BofC still holds 77 ounces of gold, primarily in gold coins.
  • What happened in 1971, started to repeat itself in 2003...and we have way to go until we hit the BOTTOM...more in the Subscriber's section

Important Technicals:

  • We haven't seen nothing regarding Gold and Silver.

100 YEAR INFLATION ADJUSTED GOLD

  • Breakouts and BUY at present levels:
  more in the Subscriber's section  

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Wednesday March 13, 2019 - From 2008 to 2018 ,it took $12 trillion of debt to create $7 trillion of economic growth.


USA TOTAL DEBT MAR2019Updated Sections: Indexes in REAL MONEY (Gold or that's what really counts! ,

From 2008 to 2018, it took $12 trillion of debt to create $7 trillion of economic growth. As we explained several times, the marginal utility of all of this new debt is decreasing...and in the end the marginal utility of DEBT becomes NEGATIVE. To put it in simple terms, at a certain point, every additional unit of fresh MONEY has a NEGATIVE impact upon the economy (so much for the IDIOTS of Politicians and other IDIOTS who think they can save the World by printing money). Unbelievable that in the 21st century there are still people out there who are unable to understand the basics of Money and Economics. Even after multiple examples which proof this simply never worked: Zimbabwe, Argentina, Venezuela, The Weimar Revolution.  Really, I did not know that "we the people" are so retarded.

Both in the USA/Canada & Europe we have REAL negative interest rates. The US economy can’t handle 2% interest rates (the Fed hiked rates from 2.25% to 2.5% last December and stocks fell 20%).  Europe is even worse. Europe has negative interest rates. And the European economy is so weak (it grew 0.2% in Q4), it can’t even handle ZERO percent interest rates.

The marginal utility of the money being printed by central banks around the world is plummeting. Each additional dollar/euro they print, produces less economic activity...worse is that, in the end it generates NEGATIVE economic activity or more DEPRESSION!

For those who have used their BRAINS and COMMON SENSE and kept their savings into Gold since 2001: Investing and holding GOLD out of the bank-system and out of political reach is : SAFE, EASY, ...and REWARDING,

GOLD performance currencies 2001 1019

Important Fundamentals:

  • Petty European officials (who NEVER pay one cent of taxes) have decided about the a new black list of tax havens. The fifteen jurisdictions on the European tax haven blacklist are: American Samoa, Guam, Samoa, Trinidad and Tobago, and the US Virgin Islands, which have been on it since December 2017, and Aruba, Barbados, Belize, Bermuda, Dominica, Fiji, Marshall Islands, Oman, the United Arab Emirates and Vanuatu. Those who really want to keep their money somewhere the European fiscal STASI have no insight know finally where to keep it...more in the Subscriber's section

Important Technicals:

  • Following stocks have broken out and are a buy:
more in the Subscriber's section  
 

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Tuesday March 12, 2019 - South African Rand to devaluate another 46% versus the Dollar and Euro over the next 5 years.


Updated Sections: Indian Rupee-Gold, World Stock Market Indexes,

sardine tradersToday many financial-market participants, knowingly or unknowingly, have become speculators. They may not even realize that they are playing a 'greater-fool game,' buying overvalued securities and expecting - hoping - to find someone, a greater fool, to buy from them at a still higher price.

Like sardine traders, many financial market participants are attracted to speculation, never bothering to taste the sardines they are trading. Speculation offers the prospect of instant gratification; why get rich slowly if you can get rich quickly? Moreover, speculation involves going along with the crowd, not against it. There is comfort in consensus; those in the majority gain confidence from their very number.

Education and Immediate satisfaction are TWO important NEGATIVE factors leading Investors into an extremely 1929 like minefield.

Important Fundamentals:

  • The most recent earning statement from xxx on February 21 told investors the company achieved record production of 175,640 gold equivalent ounces (GEOs) in 2018 with cash costs at $817 and all-in sustaining costs at $1002 per GEO. The company projects an increase to 210,000 GEO for 2019, and while cash costs will rise to $905, xxx expects all-in sustaining costs to decline to the $1080 per ounce level.
  • Stock buy-backs are only possible because of the creation of fiat money out of thin air and abnormal negative interest rates sending incorrect signals to the entrepreneurs...more in the Subscriber's section

stock buy backs mar19

Important Technicals:

  • Although the greenback has been making higher highs over the past 6 months or so, the momentum indicators have not been following. In fact, the same technical pattern which took place from 2015 seems to be taking place at present. The dollar is not reaching sufficient levels of momentum in order for a rally to be sustained. It is quite common for divergences to take place before the actual index turns over.
  • This over the long term should have ramifications for gold which is why it is dangerous not to be holding some type of long deltas in gold. The dollar, once it broke below its 2016 lows, broke long-term support. At present, it is trying to make a comeback, but its rally is already losing momentum.
  • Note the NEGATIVE DIVERGENCE on the long term Dollar-candle below...more in the Subscriber's section

 

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Monday March 11, 2019 - ECB follows in the footsteps of the FED (no more interest rate hikes) and hints to lower interest rates (if required)


Updated Sections: $-Gold, US-Dollar, €-Gold & /$, Can$-Gold & Can$/€/$, ¥-Gold & ¥/€/$, 
£-Gold & £/$/€, R-Gold & R/$/€, Kr-Gold (all time high confirmed) & Kr/$/€, Yuan-Gold

TLTROGlobal stock markets stumbled on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate hikes to 2020 and launched a new round of cheap loans to banks in an effort to spark the euro zone economy. A new wave of money creation disguised as TLTROs.  The targeted longer-term refinancing operations (TLTROs) are Euro-system operations that provide financing to credit institutions for periods of up to four years. They offer long-term funding at attractive conditions to banks in order to further ease private sector credit conditions and stimulate bank lending to the real economy. The TLTROs, therefore, reinforce the ECB’s current accommodating monetary policy stance and strengthen the transmission of monetary policy by further incentivizing bank lending to the real economy. [our update for Feb 22, 2019] - See Dollar and Euro sections for details, charts and support levels AND let's see what happens the next days.

TLTRO the new QE (Quantitative Easing) , Money Printing...!?

The ECB delivered a new round of monetary stimulus at its meeting LAST WEEK, just a few months after it had ended its QE program. What he didn’t discuss, nor do any of the other central bankers, is that negative interest rates, QE, TLTROs, and everything else they’ve done have only produced a modest economic recovery, while allowing imbalances to explode in size.

Important Fundamentals:

  • xxxxxxx.  Don't forget that the uncertainty about whether or not we shall see a BREXIT end of March, also plays a role and that the EURO will strengthen as soon as the EU and the UK come up with some kind of solution.
  • xxxxxx shares downgraded. On Friday, xxxxxx dropped another 2 percent, weighed down by falling oil prices but also because Cowen downgraded xxxxx’s shares to Market Perform from Outperform. 
  • Even the most concentrated mining funds are severely underweight in the sector right now, and when you see the price of gold ...more in the Subscriber's section

Important Technicals:

  • No follow through for the Dollar/Euro !  The bearish whipsaw we had last Thursday is probably a BEAR TRAP.
  • Gold Rally Begins At Fibonacci Support. Looks like we have seen a short term low for Gold. The $1,280 support level held pretty well and we are about to break the $1,300 level as this message is published.
  • Is the Pound Sterling about to BREAKOUT versus the Euro and versus the Dollar?....more in the Subscriber's section
  • What happened to the Yen beginning of 2019 ??? and see  how Can$-Gold is about to break up to an all time high.
more in the Subscriber's section  
 

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Friday March 8, 2019 - US Trade Deficit Soars To $621BN, Highest Since 2008 As Goods Deficit Hits Record


trade deficit usa 2019Updated Sections: US-Dollar , €/Dollar,

US Trade Deficit Soars To $621BN. Ironically, while Trump has repeatedly cited the deficit as evidence of the failure of his predecessors’ trade policies, the gap has surged by $119 billion during his two years as president.

For goods the deficit with the world surged to a record $891.3 billion in 2018 from $807.5 billion the prior year, as merchandise deficits with Mexico and the European Union also hit records. Offsetting the record good deficit was the surplus in services which kept rising, and also hit a a record - in the other direction - rising to a $270.2 billion surplus in 2018. On a monthly basis, the December deficit soared from $50.3 billion to $59.8 billion, also a 10-year high and far worse than the consensus estimate of $57.9 billion.

Ironically, the biggest culprit was China, as the deficit with Beijing - the target of Trump’s trade war - hit a record $419.2 billion in 2018, following the previously noted plunge in Chinese imports from the US. Trump is trapped: if he concedes the trade war to China just to keep his precious stock market higher, the deficit will continue rising; if on the other hand, Trump pushes for a hard line on trade, the S&P - which has now priced in the end of the trade war - will tumble. The ball is now in Trump's court which option to choose.

 Important Fundamentals:

  • U.S. Will Soon Export More Oil, Liquids Than Saudi Arabia. In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil production from US shale (fracking) plays and the increased oil export capacity from the Gulf Coast. Remember at all times that initially the production of fracking is VERY HIGH...but the well dries out in no time.
  • Real Estate markets and Housing are resuming their downtrend in:  Canada, Australia, USA, Spain,...Once there is no Real SPENDING power , Real Estate Prices ALWAYS come down! Many don't realize that in the USA, POVERTY is on the rise...people have maxed out their credit cards and there are more and more insolvencies.
   
...more in the Subscriber's section The situation in the Real Estate sector is as bad, if not worse than in 2006/07

Important Technicals:

  •  see charts below: Gold, Silver and the SP500.
...more in the Subscriber's section  
   

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Thursday March 7, 2019 - The best place to buy and store gold and silver in Europe… VAT free, is Panama.


Updated Sections: , ,  

Buy Sell GoldSilverThe best place to buy and store gold and silver in Europe… VAT free, is Panama. Much of Europe is at a distinct disadvantage when it comes to the purchasing of precious metals as the the governments apply various VAT (a sales tax) to the purchase of some investment-grade metals. A heavy markup that puts Europeans at a distinct disadvantage when it comes to protecting their wealth and investments.

European VAT on precious metals: Within the European Union, investment-grade gold bullion and certain approved gold coins are exempt from VAT as they are considered an investment vehicle. Some countries however tax any capital gains earned from the sale of these investments in gold; this is why living in and transacting your metals purchases in a country with no capital gains tax definitely has its advantages.

boxInvesting in silver in Europe is another story altogether. Within European Union, silver bullion is not permitted to be VAT exempt, with rates varying from country to country. The lowest rates on continental Europe are in Switzerland, where VAT on silver is only 8%. However in the European Union, rates are substantially higher. Germany actually has one of the lowest rates in the EU at 19%, slightly higher than Russia’s 18%.

The United Kingdom, home to a number of easy-to-use online gold dealers and numerous offshore gold vaults, has a 20% VAT on silver, so does Austria, where the Austrian Philharmonic coins are minted and available directly from the Mint. Slovenia also has a 20% value added tax. In the Netherlands and Belgium VAT on silver is 21%, while Poland assesses a 23% tax and Finland tops the charts at 24%.

How to avoid paying VAT when buying silver in Europe? The answer is easy: don't buy any in Europe! You do have the option to buy it with a European Gold / Silver trader and keep the goods bonded. But this gives you no direct access to your goods and if you live in a more insolvent European nation, you might not want to keep it there anyway. One can buy Silver in Estonia or Norway and have it shipped to his or her home country, this however involves a lot of legwork.

Silver as well as Gold MUST be kept out of the (bank) system and in your personal safety deposit box or in a privately held vaulting company out of political reach!

Today, the best place to store Gold and Silver is Panama. Far better and safer than Hong Kong and Singapore and only a 10 hour flight away of any major European city....

Panama is a prosperous country and an American protectorate. The country has World Class Vaulting Facilities in the Special Economic Free Trade Zone of Panama Pacifico along the Panama canal and offers (in cooperation with Goldonomic) the best concierge service available anywhere in the world. Shipping of your precious metals to and from the vault happens in a flawless and seamless manner and is 100% underwritten by Lloyd's from doorstep to doorstep.

There are also special procedures in place where access to your personal box is possible to allow you to add additional precious metals that you may purchase over time or to retrieve some if you choose to sell. In other words, to put it simply, if you want to sell some of your metals, it is not necessary to travel to Panama....everything can be handled for you. At Goldonomic we only work with the best Gold & Silver professionals in the America's.

Important Fundamentals: 

  • Physical Gold is the best hedge against the Brexit. Expressed in Pound Sterling, over the past 3 years, Gold has risen by 50%.  Expressed in euro, Gold has risen by +20% since 2015. Expressed in US-Dollars it was +25%.more in the Subscriber's section

Important Technicals:

 

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Wednesday March 6, 2019 - Nobody knows when the world’s paper money is going to collapse ! 


Updated Sections: , , 

paper moneyNobody knows when the world’s paper money is going to collapse; it may happen tomorrow, but it will not happen years from today. We don’t know when, but the collapse will happen at some date. That is engraved in granite.

We remain positive to the financial performance of the high quality gold miners. If the gold price goes above $1,360 there’s not a lot of resistance for it to go to $1,500. I think doubles and triples are in the cards for the gold miners, and the part of the market we are looking at is just below those top tier companies, e.g. emerging producers and multi-asset intermediate producers, because we believe that is where the leverage is.


The US stole ? about 50 tons of gold from areas seized from ISIS. After Libya and Ukrania, it's the turn of IS, Syria. According to Kurdish Bas News Agency, the US transferred about 50 tons of gold from areas seized from ISIS in Deir Ezzor province. The report says that the gold was withdrawn from Syria through the US military base in Ayn al-Arab. A part of it was allegedly shared with the Kurdish People’s Protection Units (YPG), which are the core of the US-backed Syrian Democratic Forces (SDF).

After Brown's Gold we may see Salvini selling the Italian gold at today's low level...has said that he has looked deeply into the concept of selling the Bank of Italy’s gold reserves to finance additional government spending, and states that “it is an interesting idea.”  If Salvini and Di Maio were to actually monetize the country’s gold, it would certainly bring some much needed financial support to the populist leadership of Italy. After the US and Germany, Italy’s central bank holdings of gold reserves is the third-largest in the world. According to the World Gold Council, Italy’s gold reserves amount to approximately 2,452 tons, which according to today’s prices, amounts to around 103 billion dollar.

Important Fundamentals:

  • No comment.
more in the Subscriber's section  
  • xxxxx  (xxx) jumped more than 3.5 percent in premarket trading following a Wall Street Journal report that said China and the U.S. are close to signing a trade agreement that could see China purchasing $18 billion of LNG.
  • xxxxx (xxxxx) announced the startup of its Mountaineer Xpress project, a natural gas pipeline that will ferry gas from Appalachia to Kentucky, Tennessee and Mississippi...more in the Subscriber's section

Important Technicals:

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Tuesday March 5, 2019 - The silver-gold ratio tells us to buy 'silver' now ! 


Updated Sections: Aussie-Gold & Aussie/$/€, Swiss-Gold & Swiss/$/€, 

The silver-gold ratio remains historically high and in favor of Silver. This is essentially silver on sale. Historically, the silver-gold ratio has been much lower. Geologists estimate that there are approximately 19 ounces of silver for every ounce of gold in the earth’s crust, with a ratio of approximately 11.2 ounces of silver to each ounce of gold that has ever been mined.

note: an investor who bought 100 oz of Gold in 1985 @ $ 300 per oz. (total $30,000) and flipped his position each time as indicated on the chart below, has now 45,000 oz. of Silver (total $697,500) : +2,225 % or an average of +70% per annum!

30 year silvergold ratio

With the long-term downside potential of silver very low versus its current valuation, the risk/reward is one of the best investments on the planet.

In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1. France mandated a ratio of 15.5:1 in 1803. Faced with the challenges of a bi-metallic monetary system with fixed exchange rates and the aftermath of a worldwide financial crisis, the US Congress passed the Coinage Act of 1873. Following the lead of other Western nations, including England, Portugal, Canada, and Germany, this act formally demonetized silver and established a gold standard for the United States.

With silver playing a smaller role as a monetary metal, the silver-gold ratio gradually averaged around 40:1. Silver is much more volatile than gold due to its industrial role, but at its core, it is still a monetary metal and it tends to track relatively consistently with gold over time. The Silver-gold ratio will eventually return closer to historical levels.

Silver has hit an all-time high of $49 per ounce twice – in January 1980 and then again in April 2011. If you adjust that $49 high for inflation, you’re looking at a price of around $150 per ounce. In other words, silver has a long way to run up. As one analyst put it, “With the long-term downside potential of silver very low versus its current valuation, the risk/reward is one of the best investments on the planet.”

Important Fundamentals:

  • xxxxxxxx costs to rise. xxxxxxxxx  (xx) announced a near doubling of its rates for deepwater drillships this year, a sign that renewed drilling activity could lead to cost inflation offshore. Also, the offshore sector hollowed out during the 2014-2016 oil bust, and the contraction in capacity has tightened up the service market. 

Important Technicals:

  • Technically, all our PF-charts point towards a LOWER US-Dollar (not to a higher)! 
  • Lower Stocks will normally come with a weaker Dollar and Higher Gold/Silver.
  • Dangerous and precarious constellation for the Stock Markets. In particular the US-Markets...Major Stock Indexes Continue to Test Overhead Resistance Near Their November Highs. major stock indexes find themselves testing yet another potential overhead resistance barrier. And they're doing so while in an over-extended technical condition. The Dow's­ daily MACD lines (lower box) have been converging over the last month and are close to turning negative.
  more in the Subscriber's section  
 Dow Jones SP500 Composite Index

 

  • SLV-Silver support of 50 and 200 day Moving Averages.

more in the Subscriber's section

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Monday March 4, 2019 - US Mint suspends Silver Eagle Sales due to high demand


Updated Sections: Uranium shares , $-Gold, €-Gold & €/$, Silver, US-Dollar,

Screen Shot 2019 03 01 at 5.23.49 PMUS Mint Suspends Silver Eagle Sales Due to High Demand. Investors are gobbling up American Silver Eagle coins. Sales were so brisk last week that the US Mint temporarily suspended orders when its inventory ran out.

February sales this year have already doubled 2018 levels. As of Feb. 26. the mint had sold 2,157,500 Silver Eagles this month. That compares with 942,500 coins in February 2018. This represents a whopping 118% year-on-year sales increase.

January sales were also brisk. The mint sold 4,017,400 ounces of American Silver Eagles last month compared with 3,235,000 ounces in January 2018. On the year, 2019 sales are running about 45% higher than in the first two months of last year.

Important Fundamentals:

  • xxxxx investors will be celebrating Christmas in February, as the miner is giving them a $4 billion special dividend, or $2.43 cent a share, after posting its highest annual underlying earnings since 2014. The world’s second largest miner reported a 2% increase in underlying profit, up to $8.8 billion, beating market forecasts of $8.5 billion on the back of rising revenue of $40.5 billion...more in the Subscriber's section

Important Technicals:

  • We are often being told that Higher and Lower  Gold & Silver comes with a Weaker and Stronger US-Dollar. Everybody looking at the charts in the US-Dollar section can see that this is genuine BS. Over the past weeks and months the Dollar has been SIDE-TRENDING. Also, often both the Dollar and Gold/Silver were stronger.
  • Don't miss the opportunity...the market (manipulation) action of last Friday is bizarre (JPMorgan?) and remembers me of the actions of the Gold Pool during the 1960's-70's.

more in the Subscriber's section

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Friday March 1st, 2019 - FRENCH NATIONAL GOLD transferred to JP MORGAN-USA!?  


Updated Sections: Oil shares (new overbought/oversold index), Crude Oil (long candle), 

Macron and De Gaulle

French National Gold transferred to JP MORGAN-USA. The gold stock of the Banque de France, a collective property of the French, has just been entrusted, without any warning and without any explanation, to an American bank with a sulfurous reputation, JP Morgan & Chase . This was decided by President Macron as part as the forced Europeanization of France and will in the future also make it harder to recreate a solid French Franc. I am sure former President De Gaulle will not like  it....He  probably was the last president WITH BRAINS elected by the French .

 Some sources think Marcon & French Authorities expect a Civil War....more in the Subscriber's section

Important Fundamentals:

  • VERY IMPORTANT:

more in the Subscriber's section 

Important Technicals:

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RT @AukePvv: Harald Benink, hoogleraar Bankwezen: "Als Nederland uit de euro zou stappen, wordt 'de nieuwe gulden’ meteen 50 tot 75 procent…

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RT @hollevoetevely1: Europa zal niet ten onder gaan aan het klimaat maar aan het migratiebeleid en partijen zoals groen die hun burgers uit…

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@ErikGeenen Hoe groter de groep burgers is die stemt, des te linkser de uitslag wordt. (Dit is een statistische zekerheid)

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