By Stefan GleasonNever in our lifetimes has American politics been so marked by division and dysfunction.The longest partial government shutdown in history occurred after the Democrat-controlled Congress wouldn't compromise with President Trump on a border wall. The impasse is but one symptom of a deeper malady - one that threatens to wreak wider social and financial instability in the years ahe...Read More
By Dave KranzlerThe post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up 12.5%. The SPX and Dow are up 10.4% and 10.1% respectively. During the stretch between December 26th and January 17th, the Russell 2000 index experienced only two down days.Make no mistake, this is primarily a vicious short-cover...Read More
Cheyenne, Wyoming (January 17, 2019) - A group of Wyoming legislators have introduced three bills this week to de-risk the state's financial holdings with modest allocations to physical gold and silver in the state's pension fund, reserve fund, and mineral trust fund.Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) em...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
By David Haggith In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.First, former Fed Chair Ben Bernanke said thatExpansions don't die of old age. They get murdered.MarketWatchTo clarify this statement, former Chair Janet Yellen placed the murder weapon in the Fed's hands...Read More
71 days. That's all that separates us from the Brexit deadline. And the UK has still no clear path forward exiting the EU. Does gold have one? Today's analysis features possible scenarios for the UK and for gold along with their likelihood. In the current political situation, it's a must-read. Parliament Rejects May's Brexit Deal On Tuesday, the UK Parliament voted on Theresa May's Brexit de...Read More
Although Rick's Picks was itching to short into strength as Wednesday began, we stepped aside when buyers came on stronger than expected. Their bravado didn't last long, however, and by day's end bulls looked spent. Even so, the intraday highs easily exceeded some short-term rally targets (see chart inset), implying that a moderate pullback from these levels should be regarded as a buying opport...Read More
For first time in over 16 years, palladium futures settle at a premium to gold futuresGold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, settling at their highest in nearly two weeks on the back of political turmoil in the U.K. and U.S.Caution among traders had deepened "ahead of a no-confidence vote on British Prime Minister Theresa May'...Read More
COMEX FUTURES REPORTThe Brexit vote is over. Theresa May survives. Her next moves will be closely watched. Political uncertainty will result in gold trading with a firm bias. Traders will now start taking positions for Tuesday as Monday is a holiday in the USA. The US dollar is firm due to its safe haven status over the Pound and Euro. Focus will now be on economic data releases and its impact...Read More
CloseGain/LossGold $1291.80-$1.50Silver$15.53-$0.06XAU69.53-0.01%HUI153.79+0.06%GDM578.47+0.31%JSE Gold1353.59+32.94USD96.05-0.02Euro113.91-0.05Yen91.77-0.17Oil$52.07-$0.2410-Year2.746%+0.025T-Bond145.1875-0.28125Dow24370.10+0.67%Nasdaq7084.46+0.71%S&P2635.96+0.76% The Metals: Gold chopped between $1291.40 and $1295.00 in Asia before it dipped to $1288.90 by midmorning in...Read More
VANCOUVER, BRITISH COLUMBIA / January 17, 2019 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) and engineering partner PurLucid Treatment Solutions ("PurLucid") are pleased to report commissioning results from its commercial-scale 5m3 per hour (750 barrel per day) NFLi-5 advanced wastewater treatment system. The system is currently operating and under...Read More
PRIVATE BLOG – Gold into FebruaryPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
QUESTION: RE: ….& Coming Barter System.So, are you suggesting that we may see a shift to Silver by private individuals as the only way to sidestep Government stupidity, or will it be even worse, like trading whiskey for toilet paper??TWEANSWER: Assuming government attempts to follow the IMF’s advice and create cryptocurrencies to replace paper money, then the only alternativ...Read More
Today I have two stock picks for you that I believe Warren Buffett would love.As you know, Buffett is pretty widely viewed as being the greatest stock market investor in history.Despite having given a massive $27 billion to charity over the past decade, Warren Buffett still sits on a net worth of $80 plus billion.Eventually, almost every dime of that remaining $80 billion is going to be given back...Read More
VANCOUVER, Jan. 17, 2019 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to provide an update on the status of the Alberta Securities Commission Notice of Application dated December 21, 2018 seeking an interim order pursuant to section 33 and 198 of the Securities Act(Alberta), which names the Company as...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
David feels the general markets and the way quantitative easing was structured are the reason gold has underperformed. This money instead went into financial markets, real estate, and art. Gold is a fear trade, and over the last few years, we have had mass complacency. If the Fed instead signals that tightening is ending along with rate hikes that could send gold higher. People are currently in a...Read More
The S&P recently tumbled 19.8% before finding its legs - coming within an ace of the official 20% defining a bear market.Bet let us declare it a bear market and have done.Based on history's telling, when can you expect stocks to recapture their early October 2018 highs?A) 11.4 monthsB) 1.6 yearsC) 3.2 yearsD) 5.7 yearsThe answer shortly.But first a progress report...The Dow Jones marched 164 p...Read More