On Wednesday the Federal Reserve paused its interest rate reduction campaign while again going with the "nothing to see here" routine. Although fortunately Michael Pento of Pento Portfolio Strategies was kind enough to join me on the show to reveal what the Fed left unsaid.He talked about how the impact of years of misguided Fed policy has created what's unfolding in the markets now. As well as ho...Read More
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc.,...Read More
In addition, players who test positive for opioids, fentanyl, cocaine and synthetic THC will be referred for treatment before they're disciplined.Continue...Read More
"Project Veritas has dozens of insiders inside these companies filming right now."Read More
Stephen Roach, former Morgan Stanley Asia chairman, discusses phase 1 of the trade deal between U.S. and China on CNBC's "Closing Bell."Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced:...Read More
Peter Schiff, CEO of Euro Pacific Capital, talks about the Phase 1 trade deal news, the state of the coming elections and why "government is a cancer" that will eventually consume the U.S.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He...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
"We need to break the gridlock that has dominated Parliament for the last three years. We need a functioning working majority."Continue...Read More
"One China deal isn't going to solve our problems with China," said Sen. Marco Rubio. "It may get us through some short-term friction but we have big systemic problem with trade with China."Continue...Read More
The bill "allows indefinite detention of Americans without charge/trial, reauthorizes intelligence agencies without reforms to protect Americans' rights, violates the original budget caps, and makes Continue...Read More
Rick feels the current pattern for gold, one of climbing the wall of fear, and then slowly lurching higher and backfilling is an excellent sign for this market. We have been in an M&A cycle for the past 12 to 18 months, with another 18 to 24 months more to go. This industry is plagued with too many names and too much general administrative expenses. Acquisitions permit the disposing of marginal as...Read More
Bob Moriarty of 321gold looks at the LREO explorer's drill results at its Canadian project. There is no "right" price for anything, only what the market guesses something should be worth today based on the actions of a willing buyer and a willing seller. That said, my experience is that if you buy cheap and sell dear, you can do quite well. In reality the facts surrounding any investment are not...Read More
Technical analyst Clive Maund charts the longer term picture for silver. Like gold, silver has been in a corrective downtrend following its peak early in September, and it looks like it has further to run before its done, partly of course because we have a downside target for gold in the $1360-$1400 area before it turns up.On the 6-month month we can see how it has been stumbling lower within a d...Read More
Technical analyst Clive Maund looks at recent moves in gold and their correlation to the dollar. Gold barsGold's post breakout reaction back from its early September peak has evolved into a steady downtrend as we can see on its 6-month chart below. The approach of the rising 200-day moving average below suggests that this reactive downtrend will have run its course before much longer leading to a...Read More
The Trump administration has reached a "phase one" trade deal with China in principle, according to three of CNBC's sources. The deal is still pending approval from President Donald Trump.Continue...Read More
Verylittle happened in the precious metals market both yesterday and in today’spre-market trading – at least so far. We will take this opportunity to discusssomething that we haven’t done in a while – silverstocks.To be clear, we’re not going to discuss the silver mining stock selection, asthat’s something our proprietaryalgorithms do on a daily basis. And yes,...Read More
By: Dave KranzlerTo the extent that some analysts reject the Fed/Wall St/Perma-Bull narrative that the Fed's repo operation is needed to address "temporary" liquidity issues or was caused by the newer regulatory constraints, the only explanation offered up is that the financial system's "plumbing" is malfunctioning. But there has to be an underlying cause......The underlying cause is abject de...Read More
- Gary Christenson, The Deviant InvestorBubbles, like a cocaine high, are fun while they last. History confirms that bubbles and cocaine are enjoyable, because central banks blow many bubbles and the U.S. imports a large quantity of cocaine.Bubbles are fun, but they extract a price. There is no free lunch.Examples:2019: The Everything Bubble.It hasn't crashed yet, but there are many bubble pi...Read More
- Jordan Roy-Byrne CMT, MFTAIf you follow our work, you are aware of our growing optimism on gold stocks in 2020.As we've written, the fundamental setup in 2020 should be bullish for precious metals.Meanwhile, the technical setup for gold stocks is one of the best we've ever seen. Gold stocks (and GDX specifically) are consolidating in a bullish fashion within a nearly 7-year long base that,...Read More
Gold's post breakout reaction back from its early September peak has evolved into a steady downtrend as we can see on its 6-month chart below. The approach of the rising 200-day moving average below suggests that this reactive downtrend will have run its course before much longer leading to a second upleg. However, gold's COTs have shown no improvement as this downtrend has unfolded, which is a...Read More