7:10p ET Monday, August 19, 2019
Dear Friend of GATA and Gold:
As central banks devalue their currencies and enforce negative interest rates by imposing penalties on money held in bank accounts, Dave Kranzler of Investment Research Dynamics writes today, people eventually will be compelled to flee to gold and silver held outside the banking system. Since people are likely to realize rather suddenly the inevitable consequences of central bank money-destruction policy, Kranzler writes, metals pric...
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The political & social climate in the US is becoming frighteningly totalitarian right now. Dave Kranzler explains…
by Dave Kranzler of Investment Research Dynamics
The ideal Subject of Totalitarianism is people for whom the distinction between fact and fiction, true and false, no longer exists. – Hannah Arendt, philosopher and political theorist
Hannah Arendt was involved in exposing antisemitic propaganda in Berlin in the early 1930’s. Following a brief imprisonment by the Gestapo, she fle... 
A third period of heightened volatility shouldn’t surprise us…
by Charles Hugh Smith via Of Two Minds
A third period of heightened volatility shouldn’t surprise us.
Consider this chart of the SPX (S&P 500) over the past two years: take a look at the relative steepness of each of the red lines (rallies), the duration of each rally (purple lines), the blue boxes (volatile spots of bother) and the green line (market has gone nowhere for 19 months as every rally to new highs drops back to or bel... 
After the metals pulled back today, James Turk told King World News that we may see a squeeze in the silver market next week.
This Week Is ImportantAugust 19 (King World News) – James Turk: “It is easy at this time of the year, Eric, to be focused on vacations and to lose sight of the precious metal markets, but this week is important. It may hold some clues about what might happen during September option expiry next week…
IMPORTANT:One of the great gold opportunities and you can take a look at... 
“…another breather and consolidation appears to be due before the $1,586 Fibonacci can be taken out…”
by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website)
*****
Editor’s Note:
TraderStef sent us over an updated chart as an addendum.
Notice from the technical action that TraderStef is highlighting a broadening megaphone chart pattern, and it looks like we’re about to see if the pattern holds.
*****
It has been an explosive rally to watch, participa... 
Based on the cycles, a critical inflection point in price that may lead to bigger price swings, more volatility and a market breakdown event…
by Chris Vermeulen of The Technical Traders
Our August 19 breakdown prediction from months ago has really taken root with many of our followers and readers. We’ve been getting emails and messages from hundreds of our followers asking for updates regarding this prediction.
First, we believe the August 19 breakdown date will be the start of something that c... 
Harry Dent is warning that gold could fall all the way back down to $700, but there’s a problem with his analysis. Steve explains…
by Steve St Angelo of SRSrocco Report
Harry Dent says gold is in a bubble, and according to his analysis, warns that it could go back down to $700. If the gold price were to crash lower to $700, as Dent forecasts, then 50+% of the gold mining industry would have to shut down. Why? Because the top gold miners total cost of production is now above $1,200 an ounce.
O... 
Art Cashin, Head of Floor Operations at UBS, discusses the wild trading in global markets and Citi analyst Tom Fitzpatrick weighs in on the gold market.
Wild Trading ContinuesAugust 19 (King World News) – From legend Art Cashin: “Overnight And Overseas – Tokyo closed with a moderate rally, while Hong Kong and Shanghai spiked up the equivalent of over 500 Dow points on speculation that the PBOC is about to ease monetary policy. India closed up fractionally.
In Europe, markets in London, Paris a... 
Turkey and Syria could be headed for war as their armies increasingly clash on front lines in southern Idlib…
from Zero Hedge
Turkey and Syria could be headed for war as their armies increasingly clash on front lines in southern Idlib, also amid a heavy aerial bombardment by Syrian and Russian jets of al-Qaeda held Khan Sheikhoun.
On Monday a Turkish convoy came under attack by Syrian airstrikes while traversing a highway headed toward Khan Sheikhoun. Damascus has accused Turkey of seeking to ai... 
Apparently J.C. Penny didn’t get Trump’s “Consumers are in the best shape ever” memo…
J.C. Penny, yes, that same J.C. Penny that has been a staple, for decades, in malls throughout America, is getting into the business of selling used clothes.
Though they’ll probably call it something like, “pre-worn” because while it is true that used clothes are also “pre-owned”, I’m not to sure the auto industry will take too kindly to J.C. Penny’s hijacking of the euphemism?
Nonetheless, a primer, from Presi... 
Focus on the big picture…
submitted by Morris Hubbartt
Super Force Signals
A Leading Market Timing Service
We Take Every Trade Ourselves!
Email: [email protected]
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Morris HubbarttHere are today’s videos and charts (double-click to enlarge):
SFS Key Charts, Signals, & Video Analysis
SF60 Key Charts, Signals, & Video Analysis
SF Trader Key Charts, Signals, & Video Analysis
SFJ Key Charts, Signals, & Video Analysis
Thanks,
Morris
Unique Int... 
If we look at certain indicators in the silver market, the price is setting up for a big move. It seems as if mainstream investors are now becoming more worried about the stock and bond markets. With almost $17 trillion in negative-yielding debt in the world, the notion that gold or silver doesn’t earn a yield is starting to look like a better deal than paying someone to own bonds.Thus, the record increase in negative-yielding debt has push gold, in just the past few months, has been one of th... 
SD Outlook: How low will gold & silver prices go? To answer that, let’s look at the reasons, and the cover, for this week’s smash…
I thought gold & silver would receive a nasty beating last night.
It thought this in part because gold & silver were technically set-up with a near-term down-trend.
Here we see the bearish 5-minute chart for silver:
I think we could take-out $16.51 and keep on moving lower.
It would not surprise me to trade as low as a $15 on this move, but at this point... 
A few months ago many of us read about the theory of “the nuclear option”…
by Daniel Lacalle via Mises
A few months ago many of us read about the theory of “the nuclear option,” according to which China could generate a huge debt crisis in the United States and destroy the US economy if it sold its treasury holdings.
As I mentioned at the time, China can become a greater economic leader, but the Chinese yuan cannot be a global reserve currency while maintaining capital controls and exchange rate... 
The study it is based on do not hold up particularly well upon any sort of serious analysis…
by Tho Bishop via Mises
Last week Business Insider published an article with the eye-opening title “NYC’s $15 minimum wage hasn’t brought the restaurant apocalypse — it’s helped them thrive.”
Given the political momentum for the “Fight for 15” movement, culminating in the House voting in favor of a $15 national minimum wage last month, the article made for perfect social media fodder. Finally, proof tha...