Cyber Monday is expected to ring up north of $9 billion in sales todayFresh off the market's best month since June, stock futures are muted to start December. Trade talks between the U.S. and China remain in focus ahead of the Dec. 15 tariff deadline, especially after Chinese state media reiterated over the weekend that the rollback of existing tariffs remains a key focus for Beijing in phase one...Read More
Traders might want to consider near-term IWM or SPY call options as the risk of a VIX pop lingersWith President Donald Trump signing the Hong Kong Human Rights and Democracy Act just ahead of the Thanksgiving holiday, equities pulled back on Friday, as some viewed this act as threatening the first phase of a U.S.-China trade deal. However, as we have seen with respect to negative trade headlines r...Read More
Bob Moriarty ArchivesDec 02, 2019As the world’s largest producer of nickel, the actions of the Indonesian government not only affect those companies working in Indonesia but also half way around the world. In 2014 the country restricted the export of nickel concentrate in an effort to force producers to construct smelting plants in the country.As a result production dropped from 400,000 tons...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 325,28653,65293,522191,548497,015610,356644,189 Change from Prior Reporting Period -12,0102,215-16,214-15,078-28,706-43,302-42,705 Traders 18560794955265170 Small Speculators LongShortOpen Interest 58,91225,079669,268 -6,641-7,238-49,943 non reportable po...Read More
Strengths? The best performing metal for the week was palladium, up 3.66 percent. Palladium reached a fresh record this week, reports Bloomberg, hitting $1,842.76 an ounce and extending this year's rally to 46 percent. Gold also witnessed safe haven buying following Trump's signing of a bill supporting Hong Kong protestors. Despite renewed hopes for a U.S.-China trade pact, hol...Read More
By: Larry LaBorde When considering the space requirements of $1,000,000, the first question is in what form? I will try to illustrate the volume and weight of $1 million dollars in three forms: $100 bills, gold eagle coins and silver eagle coins. I have had some customers surprised by the volume of metals they have ordered when it arrives. Some have been overwhelmed (usually with silver)...Read More
By: Gary Savage After 2013, we started see these huge pre-market dumps in gold. Banks playing the markets with massive contract dumps on the markets, in five minutes or less, usually in the pre-market where that contract volume size will start to..Read More
Keith Weiner, Monetary MetalsThe basic idea behind the Quantity Theory of Money could be stated as: too much money supply is chasing too little goods supply, so prices rise. We have debunked this from several angles. For example, we can use a technique that every first year student in physics is expected to know. Dimensional analysis looks at the units on both sides of an equation.Money supply...Read More
Dear Friend of GATA and Gold:Our friend J.D. writes today:"I write regarding the interesting response you received from Shawn Elizabeth Phillips, corporate secretary at the Federal Reserve Bank of New York, by e-mail dated November 13, 2019:http://www.gata.org/node/19583"The New York Fed's response points to purported Dodd-Frank law rules prohibiting disclosing for two years of the identities of...Read More
The next two weeks are big global economic data days and central banks meetings (including FOMC). Eastern European central banks have started increasing gold reserves. Those central banks whose gold have been stored in vaults in UK have started to repatriate their gold or have given their intention to take back their gold. But bank of England is not giving gold to South American nations. This wi...Read More
George Gammon is one of the most articulate YouTubers out there. George believes that the world is insolvent, especially the United States. The US has been paying interest on interest for decades. There's a limitation to how much money can be printed. Inflation has greatly diminished the purchasing power of the dollar and the worst is yet to come.Read More
Ever been curious about how Mike Maloney got his start in the gold industry? As Mike says at the very beginning of his new video with Ronnie Stoeferle of Incrementum, "This is the chart that started my career in precious metals."Listen to Mike tell the story of a chart he gave to Robert Kiyosaki at a conference, which Robert shared with his audience that day. It ultimately led to Mike writing a bo...Read More
A video out of China shows a man being interrogated by authorities while handcuffed to a metal chair for the crime of criticizing the police onlineContinue...Read More
The 50-year US war on drugs has been a total failure, with hundreds of billions of dollars flushed down the drain and our civil liberties whittled away fighting a war that cannot be won. The 20 year "war on terror" has likewise been a gigantic US government disaster: hundreds of billions wasted, civil liberties scorched, and a world far more dangerous than when this war was launched after 9/11.So...Read More
While it's always great to hear Rick Rule talk about the markets, at this year's New Orleans Investment Conference we were able to catch up with Rick and talk about his life, and the lessons he's learned through investing.It was great to hear about some of Rick's biggest successes and failures, and the advice he would pass along to someone who's getting started in the investing world today. Althou...Read More
Two potential trajectories for the U.S. Dollar IndexWhy Brent thinks stocks still have higher to go, even from these lofty levelsChina, trade deal, and currency rate component of the trade dealCanadian Interest RatesGold outlookRead More
"The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies, whether through digital services taxes or other efforts Continue...Read More
This is the fourth straight month of contraction in one of President Trump's favorite sectors of the economy. Continue...Read More
Following the latest dismal ISM data which sent US equity markets tumbling, traders were on the prowl for any hints what the US may do over the next major catalyst in the US tradeContinue...Read More
The current bull cycle for gold prices is still in progress, and it's only a matter of time before price levels for the yellow metal hit $2,000 an ounce, this according to Sean Boyd, CEO of Agnico Eagle."We're still in that bull market that started in 2015. This is just the initial phase," Boyd told Kitco News. "We think in this cycle gold will hit a new high in U.S. dollars. Ultimately, we'll get...Read More