By Robert LambourneSince May 2019 the Bank for International Settlements, which represents most central banks, has increased its use of gold swaps and other gold-related derivatives by more than 400 percent, from an estimated 78 tonnes to an estimated 320 tonnesThe BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. According to the bank's January 31 s...Read More
By: Ira EpsteinCoronavirus impact on supply chains coming? Bigger picture on the gold market: monthly uptrend is bullish, bias is up, momentum is still up. 18 month moving averages is still over the 100 month, another bullish sign.Read More
Viral ThreatNot Good EnoughOverwhelming StimulusBut What About Government Deficits?And Then There Is the Fed...Dallas and New YorkEconomists and investors are rightly obsessed with growth. We always want more of it. We worry it won't come or, worse, might turn into contraction. Economists of all stripes, from Paul Krugman to Lacy Hunt, recognize economic growth cures all manner of ills.Yet, exac...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer08 February 2020 -- Saturday The gold price wandered around a few dollars either side of unchanged on Friday -- and that lasted until the job numbers hit the tape at 8:30 a.m. in New York. It rallied a bit from there, but obviously ran into 'something' a few minute after the 9:30 open of the equity markets. Once the 10 a.m. EST a...Read More
What underlies the tremendous runup in the price of Palladium and now the giant spike in Tesla stock? They are connected. Tesla stock has spiked despite its self-driving cars doing strange things like running people over and spontaneously combusting. The reason for this is the relentless drive towards electric cars which will result in a massive increase in demand for palladium and electric car...Read More
By Robert LambourneSince May 2019 the Bank for International Settlements, which represents most central banks, has increased its use of gold swaps and other gold-related derivatives by more than 400 percent, from an estimated 78 tonnes to an estimated 320 tonnesThe BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. According to the bank's January 31 s...Read More
By: Ira EpsteinCoronavirus impact on supply chains coming? Bigger picture on the gold market: monthly uptrend is bullish, bias is up, momentum is still up. 18 month moving averages is still over the 100 month, another bullish sign.Read More
Viral ThreatNot Good EnoughOverwhelming StimulusBut What About Government Deficits?And Then There Is the Fed...Dallas and New YorkEconomists and investors are rightly obsessed with growth. We always want more of it. We worry it won't come or, worse, might turn into contraction. Economists of all stripes, from Paul Krugman to Lacy Hunt, recognize economic growth cures all manner of ills.Yet, exac...Read More
Bob Moriarty ArchivesFeb 10, 2020There are times I want to grab the average investor by the stacking swivel and give them a good hard shake. While the shares are up about 35% since the first of the year, they took a 15% tumble on Friday when the company announced the first deep hole. Strong investors in Irving should wave at the weak hands and remind them to not let the swinging door bang them on...Read More
StrengthsThe best performing metal this week was palladium, up 1.44 percent as Jeffrey Currie, head of global commodities research at Goldman Sachs, commented he sees the potential for palladium to test $3,000. With Friday's gain, gold saw a third straight day of positive momentum as concerns of economic fallout surrounding coronavirus outweighed stronger-than-expected U.S. job gains. Holdings i...Read More
By: David HaggithThe best time to size up the collapse in housing that I called almost two years ago will be when it is over so we can visualize its full extent. Since it is now over by some measures, though not by others, this might be as good as we get for awhile as a moment when we can pause to take a broad scan of the full extent of our damages to date. However, as you'll see below, we'...Read More
Richard (Rick) Mills, Ahead of the herdThe Trump administration has just granted its Commerce Department sweeping powers to slap tariffs on countries it decides are manipulating their currencies to the detriment of the United States and its exporting companies. For some this will come as news; at AOTH, it is confirmation that our earlier warning, reported here, has come true. In our article '...Read More
Rick Ackerman, Rick's Picks Could it possibly get any better? Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively nigg...Read More
StrengthsThe best performing metal this week was palladium, up 1.44 percent as Jeffrey Currie, head of global commodities research at Goldman Sachs, commented he sees the potential for palladium to test $3,000. With Friday's gain, gold saw a third straight day of positive momentum as concerns of economic fallout surrounding coronavirus outweighed stronger-than-expected U.S. job gains. Holdings i...Read More
By: David HaggithThe best time to size up the collapse in housing that I called almost two years ago will be when it is over so we can visualize its full extent. Since it is now over by some measures, though not by others, this might be as good as we get for awhile as a moment when we can pause to take a broad scan of the full extent of our damages to date. However, as you'll see below, we'...Read More
Richard (Rick) Mills, Ahead of the herdThe Trump administration has just granted its Commerce Department sweeping powers to slap tariffs on countries it decides are manipulating their currencies to the detriment of the United States and its exporting companies. For some this will come as news; at AOTH, it is confirmation that our earlier warning, reported here, has come true. In our article '...Read More
Rick Ackerman, Rick's Picks Could it possibly get any better? Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively nigg...Read More
PRIVATE BLOG - NASDAQ – EURO – GOLDPrivate 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
Feb 11, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold prices have hit a critical crossroads, with macroeconomic forces poised to pull the yellow metal in either direction, this according to Peter Hug, Global Trading Director of Kitco Metals. "I think in the short term, gold is a difficult metal to call at these levels now. I don't think the Fed is going to drop rates in the...Read More
Feb 12, 2020 Guest(s): Todd 'Bubba' Horwitz Chief Market Strategist, BubbaTrading.com Gold and silver will both eventually move much higher, but in the short-term, metals will follow their trajectory, meaning gold will move higher and silver will lag, this according to Todd "Bubba" Horwitz of BubbaTrading.com. "Right now, silver is in a short-term downtrend...both gold and silver spiked to highs...Read More