I am 100% confident that 1) precious metals will bottom this year and resume a new leg to the upside, 2) the extreme emotions right now regarding gold and silver are typical at major turning points and 3) all the underlying fundamental, cyclical and technical conditions for a new bull market in gold and silver are in place. Here's an update on the latest action in gold, silver, platinum and palladium

Before gold can rally, it has to first turn the trend from down to up. We see no evidence of a change in trend. The bearish spacing is repeated, again, as a reminder that it represents a weak market within its down trend. How anyone can posit a bullish scenario from what the charts show flies in the face of known facts, as depicted in the charts.

China has decided to try and walk back from the edge of a Minsky moment and engineer a soft landing. They have made a decision to pop the bubble deliberately, allow defaults to instill market discipline and remove the moral hazard currently in place. They are moving into the modern world as fast as possible based on the enormous tasks they have embraced so we probably can expect no more booms but probably not a bust either. Let me explain.

While the danger of loss of wealth due to the holding of bank notes is not imminent...it is better to make a move well in advance of a loss than to make the decision even one day too late. Here's what could happen as the Great Unravelling progresses and how to protect yourself from those eventualities.

The health of a market is best assessed along three vectors: fundamentals, technicals (price action) and sentiment and this is what each is saying about the health of the markets these days.

Don’t listen to what the official numbers say. Inflation is a big problem already for the U.S. economy - and in an inflationary environment, gold bullion goes up and stock prices go down, because materials cost more and consumers spend less. I’d adjust my portfolio accordingly for the rapid inflation that awaits us.

Investing in natural resources and precious metals is attractive today because the sector is so much cheaper than it was three years ago.

It’s crucially important to your financial future that you understand what capital controls are, how and why they are implemented, the harm they can cause, and what you can do to protect yourself. [This article does just that. Read on!]

...Hype, fear and outdated monetary theories simply aren't enough to support the price of gold. Every finance and economics text book teaches that gold is basically an inflation hedge, and without inflation gold is simply a useless piece of yellow metal. Either the gold bugs are right or the Fed is right, and my money is on the Fed.

Something is clearly out of whack. Gold has failed to push higher against the backdrop of a lower U.S. dollar for the first time in over a decade and, with pressure on the dollar increasing, the failure of support could ignite a massive decline. Is gold preparing to launch this time?