By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More
"All we have left is to wipe the slate clean and say, you know what, this thing did not work. It's a 60 year experiment that turned out to have a fatal flaw, which is you can't hand a printing press to a government."John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collap...Read More
"You can set up monitoring with control over the weeks, days and even hours that location on a device is checked as well as the start and end dates of monitoring," aContinue...Read More
The case for a pending financial collapse is well grounded. Financial crises occur on a regular basis including 1987, 1994, 1998, 2000, 2007-08. That averages out to about once every five years for the past thirty years. There has not been a financial crisis for ten years so the world is overdue. It's also the case that each crisis is bigger than the one before and requires more intervention by th...Read More
Today, additional evidence that recession - or worse - is in sight.But first, it appears the "Powell put" may extend the countdown clock…Since Jerome Powell's dovish comments on Friday, the Dow Jones has been up and away... as an addict thrills to the promise of additional stimulant.It leaped another 256 points today.Both S&P and Nasdaq have been similarly seduced.The S&P ended the d...Read More
*This interview was recorded last weekWalter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New York Times and Investor's Business Daily. He received a bachelor'...Read More
One of the last places a human being can be somewhat alone is about to be invaded Continue...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
By: Jordan Roy-Byrne CMT, MFTAThe precious metals complex has enjoyed a nice run in recent months.GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.The Gold community is getting excited again. They think the equity market is doomed and Gold has started a real bull...Read More
The yen, whose behavior corresponds closely to gold's, began 2019 with a giant leap that slightly pierced the 0.94148 midpoint resistance of the pattern shown. This is bullish but would become still more so if the futures can close for two consecutive weeks above it. The 1.03755 target is already in play, but it would become a lead-pipe cinch to be achieved once the March contract is trading d...Read More
By: GoldSeek guest author, Richard Goldstein Gold is a T.A. dream right now, textbook fibs and formations:Read More
Brexit news will be the key in January. Any postponement or new conditions will result in the cable seeing a sell off against the US dollar. Gold will benefit if there is uncertainty on brexit. Japan's prime minister Abe says that Japan is watchful of risks to the global economic recovery. In fact every nation is watchful. This is the one reason that Asia policy makers have not given a clear ind...Read More
The ISM services sector index fell to a five-month low in DecemberThe Dow explored a 386-point trading range on both sides of breakeven, though bulls eventually triumphed. Trade talks between the U.S. and China sparked most of the optimism, as China's foreign ministry expressed willingness to work with Washington, and offset a five-month low reading in the Institute of Supply Management's (ISM) se...Read More
After a hiatus of more than two years, China is adding to its gold reserves again. The People’s Bank of China increased holdings to 59.56 million ounces by the end of December, or about 1,853 metric tons, from 59.24 million ounces previously, according to data on the central bank’s website. They had been unchanged since about 130,000 ounces were added in October 2016. The world’s...Read More
NHTC shorts are sidelined by today's big bear gapThe plummeting shares of Natural Health Trends Corp. (NASDAQ:NHTC) are among the worst of the Nasdaq today -- down 23.8% to trade at $15.05, at last check -- after coming under scrutiny in a segment aired by China Central Television (CCTV) this weekend. Specifically, the report alleged that the e-commerce brand is operating illegally in China. The c...Read More
La Jolla Pharmaceuticals is heading toward its worst day since 2011Stocks are confidently higher today, powered by fresh U.S-China trade optimism. Drug stocks are in particular focus, as the J.P. Morgan Healthcare conference kicks off. Insmed Incorporated (NASDAQ:INSM) and Array Biopharma Inc (NASDAQ:ARRY) are soaring, while La Jolla Pharmaceutical Company (NASDAQ:LJPC) is moving in the oppos...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
The majority of the stocks are outperforming the SPY so far in 2019Back on Dec. 26, Schaeffer's Senior Quantitative Analyst Rocky White highlighted a list of stocks that could rally in the new year in his weekly Indicator of the Week column. The theory was that heavily shorted equities that struggled in 2018 could see a short squeeze in the start of 2019, as bearish bettors waited until the turn o...Read More
Call buying has been popular on CLVS and SAGEThe healthcare sector is in focus today, most notably due to Eli Lilly's (LLY) plans to buy Loxo Oncology (LOXO) for $8 billion and the J.P. Morgan Healthcare Conference. A couple other names also making big moves are Clovis Oncology Inc (NASDAQ:CLVS) and SAGE Therapeutics Inc (NASDAQ:SAGE), with shares of both CLVS and SAGE surging on upbeat drug buzz....Read More