By Daniel R. Amerman, CFANumerous warning signals of a coming recession have appeared recently, and there have been rapid changes in bond prices, stock prices and Federal Reserve policies.Yet, the stock market indexes are rising again, and the economic and financial fundamentals remain strong in many ways. Are the widespread fears of recession overblown?In the search for answers, this analysis e...Read More
They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets. For much of the last decade many conservative market analysts have decried our reliance on monetary stimulus to prop up the economy and the stock market. But in the final months of 2018, in the face of the worst stock market declines in a decade, many of these suppose...Read More
By Michael J. Kosares"Although it is needed in good times, it can be vital when times are difficult."As a member of the British parliament in 1999, Sir Peter Tapsell, who passed away this past August, argued vigorously to keep the government from selling off over half of the country's gold reserves. Previously, in the 1980s, Tapsell had managed a gold bullion fund, "valued at many hundreds of mi...Read More
By Keith WeinerLast week, we joked that we don't challenge beliefs. Here's one that we want to challenge today: the dollar doesn't work as a currency, because it's losing value. Even the dollar's proponents, admit it loses value. The Fed itself states that its mandate is price stability which it admits means relentless two percent annual debasement (Orwell would be proud). So there is no questio...Read More
Graceland UpdatesBy Stewart Thomson 1. Is the price correction in gold already over? 2. Please click here now. Double-click to enlarge. I told investors to prepare for a modest and healthy correction from the $1300 area, and that's happened.3. Gold hasn't even reached the first Fibonacci retracement line after staging a magnificent rally from the $1173 area. That's a sig...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 4.36 percent on acute supply tightness. JPMorgan sees additional upside to the price despite weaker auto sales. Gold traders and analysts surveyed by Bloomberg remain bullish on the yellow metal for a 10th straight week even as prices remain near the $1,300 level. ETFs added gold to their holdings for the 15th straight...Read More
Phoenix, Arizona (January 22, 2019) - An Arizona legislator has put forward a bill to de-risk the state's financial holdings with a modest allocation to physical gold and silver in the state's reserve fund.Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona's Budget Stabilization Fund be held in the monet...Read More
Thousands of political, business and cultural leaders are heading now towards Davos, Switzerland, to attend the World Economic Forum. On the eve of the world's biggest annual gathering of the rich and powerful, the International Monetary Fund released its newest world economic outlook. What are the forecasts - and their implications for the gold market? Global Expansion Weakens Well, the title...Read More
CloseGain/LossGold $1284.60+$3.90Silver$15.33UNCHXAU68.74+0.53%HUI152.20+0.95%GDM572.33+0.18%JSE Gold1341.80+33.06USD96.36-0.01Euro113.63-0.03Yen91.65+0.41Oil$52.57-$1.2310-Year2.739%-0.048T-Bond145.21875+0.6875Dow24404.48-1.22%Nasdaq7020.36-1.91%S&P2632.90-1.42% The Metals: Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.9...Read More
- Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore- Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019- Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices- Global demand will be strong in 2019 a...Read More
Risk of a sustained Chinese slowdown is higher after the Chinese president stressed the need to maintain political stability. Jobs are the key to every nation. Increase in joblessness will create political issues in communist China. Industrial metals can fall first or the pace of rise will reduce after comments from the Chinese president. The Chinese have started/intend to start a massive infras...Read More
COLORADO SPRINGS, Jan. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2018 year-end and fourth quarter mill production results. The Company produced approximately 26,838 gold ounces and 1,672,034 silver ounces for the 2018 year, which met its annual gold and silver production target ranges. Gold Res...Read More
January 22, 2019 Vancouver, BC - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), announces a strategic partnership with Dank City, a social media marketing company specializing in cannabis products and brands. Dank City will be the primary advertising component for the Jay and Silent Bob's Private Stash cannabis line of products, as well as other bra...Read More
Full Article: Bull in the China ShopBy: John MauldinThis week's letter focuses on China's economy. We'll look at some numbers showing the challenges China faces, but they don't explain something important. The way China will meet those challenges is going to be substantially different than we would see in the West. So I want to start with a little context.When European Central Bank President Mari...Read More
Jan 23, 2019 Guest(s): Jeffrey Christian Managing Partner, CPM Group China has just added to their central bank gold reserves for the first time in two years, and Jeffrey Christian, managing partner of CPM Group, said that China has been very transparent with with their purchases, potentially signaling higher prices for gold. "Anybody who questions what the PBoC is doing and saying they can't ge...Read More
The stock market sold off after being extremely overvalued, says Fund Manager David Kranzler, but is still overvalued.The stock market is bouncing, but not based on fundamental strength of the economy. The current volatility in the stock market is a sign of instability. Markets have further to fall, he says, so be wary of talk about a strong market.Precious metals are on the rise, and Kranzler is...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/minin... Question 1. Many Viewers: what are your thoughts about investing in precious metal mining stocks?Question 2. Many Viewers: Are there any noticeable patters around the government shutdown?Question 3. Matti K: What happens to the price of gold if Chinese yuan (or any other major currency other than the USD) is backed by gold?Qu...Read More
Investigative journalist Ben Swann joins Manila Chan to talk about France fining Google ?,?50 million for violating EU privacy laws. They discuss Google's practices of location tracking, whether or not users can "opt out," and if laws like these could be enacted in the US. Read More
Continue...Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at t...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More