GoldSilver Blog

Last week Mike Maloney unveiled his new indicator, the Market Fragility Index, to the public. Today he shows us a recent discovery that helps explain why the cracks in the financial system are growing larger every day, and why the next market crash may be far more devastating than anticipated.

Gold was a little choppy overnight in a range of $1220.65 -$1228.30. It slipped to its $1220.65 low during Asian hours, fading a move up in the US dollar (DX from 95.05 - 95.26).

"China's vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington."

The 10-year yield ticked back up to 3.155%, while the DX recovered to 95.08. Gold pulled back to $1220 and was $1,223 bid at 4PM with a hefty gain of $29.

It's Larry vs. Larry! Former Treasury secretary Summers weighs in vs. Director of the United States National Economic Council Kudlow's take on short-term stimulus measures.

Mike Maloney wasn't satisfied with the traditional stock market valuation metrics, so he did what Mike Maloney does: drill deep into the data to find patterns nobody else has. Join Mike to see why his brand new Fragility Index is screaming that stocks are in a bubble that is primed to pop.

Stock market uncertainty is rising on the heels of an 800 points plunge in the Dow yesterday. In this six-minute video, Mike explores the simple ratio that demonstrates the extreme overvaluation in stocks today and how far they still have to fall to reach anything resembling fair value.

The term fiat may sound obscure, even mystical, but it’s actually straightforward. Fiat is Latin for “let it be done,” or “it shall be.” Apply that definition to money and it simply means that currency is “money” because a government says its money.

The DX ticked up to 95.56, and gold clawed up to $1193.90. Gold was $1193 bid at 4PM with a gain of $4.

The 10-year yield ticked down to 3.203%, and the DX slid to the 95.63-95.70 range. Gold recovered to $1,190.50 and was $1,190 bid at 4PM with a gain of $2.

Gold clawed back above the trendline at $1,185 and the 50% retracement level at $1,187 to reach $1,189. The yellow metal was $1,188 bid at 4PM with a loss of $15.

Late in the afternoon, the DX drifted down to 95.60, and gold clawed back to $1,204. The yellow metal was $1,203 bid at 4PM with a gain of $4.

Against the backdrop of a stock market priced for perfection, there is a massive landmine dead ahead for the corporate debt market. And anything less than a no-economic-downtown, no-recession-ever-again future will cause it to detonate.

The 10-year yield hovered either side of 3.19%, while the DX drifted down to 95.75. Gold ticked up and was $1,199 bid at 4PM with a gain of $1.

The Dow Jones Index hit an all-time high yesterday. But if three times as many publicly traded stocks hit 52-week lows than hit 52-week highs, how well is "the market" actually doing? And will this indicator serve as timely a predictor of market collapse as it did in 1999?

The US 10-year yield pulled back to the 3.15%-3.16% area, while the DX ticked up to a new high of 95.82. Gold, caught in the cross-currents, was $1,198 bid at 4PM with a loss of $6.

The President. The Senate. The House. Their silence on the issue tells you all you need to know. Forget any semblance of fiscal responsibility. Washington has completely given up on bare-bones fiscal sanity.

The US 10-year yield ticked down to 3.052%, and the DX edged down to 95.44. Gold clawed back to $1,203 bid at 4PM with a gain of $14.

"I’m a precious metals guy.” First and foremost, Mike Maloney believes in what he calls “the sure thing”: That precious metals will be huge, huge winners in the next great gold and silver rush. Now join Mike for his most recent thoughts about precious metals vs. crypto and how investor psychology plays into market perception of both.

It’s so difficult to have the discipline to sell into mania, to do something that feels bad today even though you know it’s the right long-term decision. It’s so much easier, emotionally, to just ignore all reason and logic and let yourself be carried along with the euphoric crowd. But history proves, time and time and time again, that greed-based decision making only ends one way. With one rhetorical question...