QUESTION: You say that the reason why gold went up when the stock market crashed in 1929 is because gold was money back then. But what if you have it the other way around, and the reason why the USD was strong was because it was backed by gold back then? Now the USD is a fiat currency backed by nothing. Maybe the springboard bounce in prices will be in commodities?RRANSWER: Gold acts completely di...Read More
Below is a monthly chart of HUI telling some stories of the past.The 2003 to 2008 bull rally ended with Huey’s “crown of thorns” as I used to call it back then. An H&S that formed at the end of a great inflationary phase in the markets.The great crash of 2008 (Armageddon ’08) was completely deserved because as I’ve belabored for so many years now, you don’t...Read More
Ron Struthers of Struthers' Resource Stock Report discusses the current market meltdown and the longer-term outlook for the markets and gold.Although I know of some great companies and stocks out there, it is best just to wait. Markets are going a lot lower and investors in the main indexes and techs won't have a recovery in their portfolios for many, many years. Gold is being sold down too at tim...Read More
LONDON, 16 March 2020 - Comment from BullionVault features today in a report from major US finance news-site CNBC.Markets are seeing a "dash for cash" CNBC quotes Adrian Ash, director of research, with some traders and investors also taking profit in gold while Asia's typically strong consumer demand is missing thanks to anti-virus lockdowns.Read Adrian's full analysis at CNBC here:Gold falls belo...Read More
"It is better to have and not need than to need and not have."- Franz KafkaUnderlying Conditions That Could Cause a CrisisI first wrote this guide in 2008, as the financial markets started to fall apart. I had concerns that the fiat fractional reserve monetary system could collapse, with bank runs, a dollar crash, supply chain disruptions, and rioting. The FED came to the rescue and pledged taxpa...Read More
Bob Moriarty of 321gold explains why he believes the world is in uncharted waters. We have sailed off the map of the known world into totally uncharted waters. No one, including me, knows exactly where we are or where we are headed. But hic sunt dracones is an excellent warning, here be dragons. If I was still flying and needed to give a brief to my passengers, I'd be saying, "I have some good ne...Read More
Adam HamiltonArchivesMar 13, 2020 With the major gold miners' stocks getting bludgeoned, smart contrarian traders are salivating at coming great buy-low opportunities! With the COVID-19 pandemic's extreme fear terrifying the markets, it's very important to stay grounded in the gold stocks' underlying fundamentals. Just this week they are finishing reporting their Q4'19 results, which were incredib...Read More
Sector expert Jay Taylor of J. Taylor's Gold, Energy & Tech Stocks lays out his investment thesis for Gold Terra Resource and the potential of its Yellowknife prospect. Stock photo Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) (160,493,235 shares @ US$0.18 = US$28.9 million market cap)I have picked up a few shares of Gold Terra because I think things may be about to get exciting for t...Read More
By: Ira EpsteinGold 18 week moving average near $1,542, trying to hold the lows here but now need to see what the market does..Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 336,29036,75954,064182,948511,252573,302602,075 Change from Prior Reporting Period -29,883-9,681-31,2954,814-17,893-56,364-58,869 Traders 20177796158300183 Small Speculators LongShortOpen Interest 60,16831,395633,470 -2,151354-58,515 non reportable positi...Read More
Do not look at corona virus news. It will only result in you making a wrong decision. Think long term. Thing strategically and then invest. Do not try to play the T20 cricket game. Hit or miss way of investing will result in more misses or more losses. Invest with a 5 day cricket test match view. A good investment call and you can easily make over hundred percent return before Christmas. Asian n...Read More
Oil and gold also logged brutally sharp weekly lossesThe Dow finished an ugly week on a high note, as Wall Street recouped some of the historic losses it suffered in the last five days. The blue-chip index posted its best percentage gain since October 2008, adding huge last-minute gains after a news conference from President Donald Trump, who declared the coronavirus outbreak a national emergenc...Read More
We took a closer look at what SPY level you should watch before March expirationTriggering yet another whirlwind week on Wall Street, coronavirus fears continue to rise, as a rapid increase in cases both worldwide and within the U.S. shake investors. Markets began the week with catastrophic losses, including that of oil, which experienced its worst single-session drop since 1991. The broad market...Read More
Bank stocks have not been exempt from the sell-offMichael Burry, made famous for his shorting of the housing market and his portrayal in the aptly titled movie The Big Short, made waves in August for his stance on passive investing. Railing against exchange-traded funds (ETFs), he warned that a possible bubble could exist and could be triggered by a global catalyst. Well, that's happening right no...Read More
General Mills is enjoying today's broad-market rally General Mills, Inc. (NYSE:GIS) is enjoying today's broad-market rally, up 4.4% to trade at $52.16 and once again finding support at its 320-day moving average -- a trendline breached during yesterday's steep selloff. This positive price action comes right ahead of General Mill's quarterly earnings report, due out before the open next Wednesday,...Read More
Major indexes are making gainsThe Dow Jones Industrial Average (DJI) is extending its rebound this afternoon, surging 1,300 higher at its intraday peak. Also recovering from yesterday's worst market crash since 1987 is the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), now seeing a boost out of the tech and finance sectors. Also guiding the lift is news the government is getting close to agr...Read More
DIS puts are popular todayAs the travel industry continues to struggle, Walt Disney Co (NYSE:DIS) is up 3.7% to trade at $95.27. Disney announced it will close its resorts in California, Florida, and Paris, France starting March 15th, 2020 until the end of the month in order to help prevent the spread of coronavirus. The cruise line is also suspending new departures until April. Three analysts hav...Read More
Oracle reported fiscal third-quarter earnings that beat analysts expectations but revenue that missed the markStumbling software name Oracle Corporation (NYSE:ORCL) is getting some respite today, following its fiscal third-quarter earnings report of 97 cents per share, which just beat analysts estimates. The $9.8 million in revenue also posted missed the mark, though the firm asserted that the co...Read More
Comcast stock is moving higher after a long-term drop on the chartsShares of telecommunications conglomerate Comcast Corporation (NASDAQ:CMCSA) are up 5%, last seen trading at $36.68. As coronavirus continues to ravage the global economy and cases of infection continue to increase in the U.S., public gatherings, events, and now theme parks, are being postponed or closing to limit the spread. Movin...Read More
AAPL is leading the charge this morning after an upgradeDow Jones Industrial Average (DJI) futures are on the rebound this morning following yesterday's massive market crash -- the worst since the "Black Monday" crash of 1987 -- up over 1,000 points in electronic trading. Blue chip Apple (AAPL) is leading the charge, following an upgrade from Wells Fargo. Meanwhile, S&P 500 Index (SPX) futures j...Read More