CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45% The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the c...Read More
Global silver scrap supply fell to its lowest level in 26 years. World silver recycling in 2017 dropped by nearly 50% since its peak in 2011. According to the 2018 World Silver Survey, global silver scrap supply declined to 138 million oz (Moz) compared to 261 Moz in 2011. While the lower silver price is partly responsible for the large drop in silver recycling, there are other m...Read More
Some silver bulls lacking patience are being driven mad by its seemingly interminable sideways pattern, yet you shouldn't be, because the continuing sideways movement allows more time to build a portfolio of silver investments ahead of the major bullmarket that we know is incubating. Right now it is being held in restraint like gold, by the dollar rallying, but that won't carry on forever, and as...Read More
"John Locke, the British philosopher whose ideas fuelled the American Revolution, had a theory of knowledge and Continue...Read More
Bob Moriarty Archiveswritten May 18, 2018published May 21, 2018That title may sound a little cruel of me but when a company plucks a company out of bankruptcy court with a 424,000-oz gold resource for a nickel an ounce, what the hell am I supposed to call it? But it gets worse.Midway Gold had gold projects in Nevada and was going into production when a whole bunch of things went south at the same...Read More
McClellan Financial Publications, IncPosted Nov 4, 2021Oct 29, 2021The message from uranium prices is that gold prices are headed higher.And I have no idea why this relationship works.Six years ago, I uncovered an interesting leading indication relationship, wherein the movements of uranium prices tend to show up again about 7 months later in the movements of gold prices.I cannot think of any reas...Read More
Initial jobless claims improved further last week with 'just' 269k Americans filing for first-time jobless benefits...Source: BloombergKentucky and California saw the biggest jump in jobless claims while Missouri and Florida saw the biggest drop...That leaves the total number of Americans on some form of government dole just above 2.6 million......the lowest since pre-pandemic-lockdown.....Read More
After two months of dismal job reports, the BLS finally redeemed itself when moments ago it reported that in October the US gained some 531K jobs, well above the 450K consensus exp and above the 500K whisper number. The gain in payrolls was also bigger than all but 10 of the 75 forecasts in Bloomberg's survey.As Bloomberg calculates, if payroll gains stay at the same pace as October's, in eight mo...Read More
Authored by Matthew Piepenburg via GoldSwitzerland.com,The facts of surreal yet broken (and hence increasingly controlled and desperate) financial markets are becoming harder to deny and ignore. Below, we look at the blunt evidence of control rather than the fork-tongued words of policy makers and ask a simple question: How long can lies & control supplant reality?The Great Disconnect: Tanki...Read More
The market's rate-hike expectations are surging higher this morning following the way hotter than expected CPI print. Additionally, perpelxing double-speak from Biden is not helping as he reflects on The Fed's "independence" while implying the need to 'do something about inflation!!!!':"And I want to reemphasize my commitment to the independence of the federal re...Read More
Following yesterday's US PPI print at record highs, overnight we saw Chinese producer prices rising at their fastest pace in 26 years, and this morning's US consumer price data was expected to show yet another non-transitory surge in inflation... but the actual surge was far bigger than expected.US Consumer prices soared 6.2% YoY in October, far higher than the +5.9% YoY expected and acc...Read More
Authored by Tom Ozimek via The Epoch Times,Former Treasury Secretary Larry Summers, who has repeatedly criticized loose central bank policies and has forcefully sounded the alarm on the upside risks of the current bout of inflation, has warned that global financial markets seem to be pricing in slow growth and low real interest rates for the next several years."The stimulus that we've enacted is...Read More
Kitco News, Released on Released on 11/12/21Bitcoin, stocks, and gold are all poised for major moves, but not all moves will be equal. Gareth Soloway, chief market strategist at InTheMoneyStocks.com discusses with David Lin, anchor for Kitco News, which of these assets are most likely to breakout to the upside.0:00 - Bitcoin12:29 - Stocks17:00 - Federal Reserve22:55 - GoldGareth Soloway is a profe...Read More
Authored by Bill Blain via MorningPorridge.com,Let's Dance: Buy the credentials - Forget Reality, Baitballs and Financial Ergot!"Where The Dance is, there you will find the Devil..."Despite Global uncertainty, rising inflation, and potential slowdown, markets remain Euphoric. All irrational markets eventually pop. How much longer can the current market mood be sustained? Longer than we think...One...Read More
By Eric Peters, CIO of One River Asset Management; read this post after first reading "The Most Important Question For The Market Is Identifying The Driver Behind Record Low Negative Real Rates"Un-Orthodoxy"Rising inflation and growing government debt may not seem like the natural ingredients to lower longer-term real yields," explained Marcel, our Head of Research, our investment t...Read More
McClellan Financial Publications, IncPosted Nov 17, 2021Nov 12, 2021The price of gold and the Japanese yen are fellow-travelers, correlating very strongly most of the time.Occasionally they disagree,and when they do that can be useful information. Because of this relationship, a sentiment indication that is useful for the yen can also be useful for gold prices.This week’s chart shows data fr...Read More
Authored by Mike Shedlock via MishTalk.com,Let's discuss leverage and where we are in the investment cycle.Despite huge stock market gains over the last decade, U.S. pensions are hundreds of billions of dollars short of what they expect to need to pay public worker retirement benefits.As a result of underperformance Retirement Fund Giant Calpers Votes to Use Leverage, More Alternative Assets...Read More
After unexpectedly tumbling in September, US housing starts and permits were expected to rebound modestly in October, but the picture was more mixed than hoped for.US housing starts unexpectedly fell for the second straight month (-0.7% MoM vs +1.5% MoM exp) but US building permits rose more than expected (+4.0% MoM vs +2.8%) from the downward revised 7.8% MoM slump in September)...Source: Bloombe...Read More
Too much of a good thing...STIRs are continuing their hawkish trend, with the market now pricing a 19% chance of a rate-hike as soon as March 2022...US Treasury yields are on the rise again this morning, with 30Y yields breaking out to one-month highs...and it appears that surge in yields is sparking some anxiety in equity markets (led by value-heavy Small Caps)...Gold is higher this morning amid...Read More
Rich Dad, Released on Released on 11/17/21In July 2021 democrats agreed on 3.5 trillion-dollar domestic spending plans, highlighting considerable spending to fight climate change. Today's guest says this little-known commodity, carbon credits, will help all corporations reduce their carbon emissions and make money.Marin Katusa, author of "The Rise of America" says, "This will be the most important...Read More