Mr. Jerome Powell and his mates sat on their hands today - no rate cut:The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions and inflation near the Committee's symmetric 2% objective.Nor does "the Committee" intend to cut rates next year. But what of possible rate hikes?Only four of 17 memb...Read More
Dear Rich Lifer,Spend less than you earn. Never take a loan to invest. Don't borrow more than you can repay.If you stick to these simple money rules, you won't ever be a slave to debt.In retirement planning, there are rules of thumb that can help guide you away from financial ruin as well.For instance, the 4% rule is great to avoid running out of money. But, a lot of basic retirement rules like th...Read More
Peter Schiff on Fox Business 12/11/2019Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New Y...Read More
Our guest on SBTV this week is Bill Murphy, the Chairman and Director of the Gold Anti-Trust Action Committee (GATA). Bill is a veteran in the gold and silver industry known for his dogged efforts in calling out market manipulation in the precious metals markets by bullion banks and the government.Discussed in this interview:03:45 Gold and collapse of Long-Term Capital Management08:52 Culprits in...Read More
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 frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
The basis of Haywood's investment thesis for this Canadian company is shared in a recent report. In a Nov. 28 research note, analyst Mick Carew reported that Haywood initiated coverage on K92 Mining Inc. (KNT:TSX.V) with a Buy rating and a CA$4.75 per share target price. The current stock price is CA$2.62 per share. "We like K92 as it represents one of the few companies implementing exploration,...Read More
Gold-linked exchange-traded products are growing in popularitywith investors. Assets held by gold ETFs have grown 38% globally in 2019. In October, according to the World Gold Council, gold ETFsattracted $1.9 billion in net inflows to reach a new record high total goldholding of 2,900 tonnes – at least on paper.There is good reason to be skeptical of whether all these “gold”vehic...Read More
Gold,silver, and mining stocks reversed practically exactly at their double trianglereversal point and the short positions that we opened along with takingprofits off the table from the previous longpositions, became profitable almost instantly. There’s quite a decline to catchhere, and it seems that only a small part thereof had already taken place. PMsReversingTheabove chart clearly shows...Read More
As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between Continue...Read More
Gold-linked exchange-traded products are growing in popularitywith investors. Assets held by gold ETFs have grown 38% globally in 2019. In October, according to the World Gold Council, gold ETFsattracted $1.9 billion in net inflows to reach a new record high total goldholding of 2,900 tonnes – at least on paper.There is good reason to be skeptical of whether all these “gold”vehic...Read More
Gold,silver, and mining stocks reversed practically exactly at their double trianglereversal point and the short positions that we opened along with takingprofits off the table from the previous longpositions, became profitable almost instantly. There’s quite a decline to catchhere, and it seems that only a small part thereof had already taken place. PMsReversingTheabove chart clearly shows...Read More
Gold-linked exchange-traded products are growing in popularitywith investors. Assets held by gold ETFs have grown 38% globally in 2019. In October, according to the World Gold Council, gold ETFsattracted $1.9 billion in net inflows to reach a new record high total goldholding of 2,900 tonnes – at least on paper.There is good reason to be skeptical of whether all these “gold”vehic...Read More
Gold,silver, and mining stocks reversed practically exactly at their double trianglereversal point and the short positions that we opened along with takingprofits off the table from the previous longpositions, became profitable almost instantly. There’s quite a decline to catchhere, and it seems that only a small part thereof had already taken place. PMsReversingTheabove chart clearly shows...Read More
Gold-linked exchange-traded products are growing in popularitywith investors. Assets held by gold ETFs have grown 38% globally in 2019. In October, according to the World Gold Council, gold ETFsattracted $1.9 billion in net inflows to reach a new record high total goldholding of 2,900 tonnes – at least on paper.There is good reason to be skeptical of whether all these “gold”vehic...Read More
Gold,silver, and mining stocks reversed practically exactly at their double trianglereversal point and the short positions that we opened along with takingprofits off the table from the previous longpositions, became profitable almost instantly. There’s quite a decline to catchhere, and it seems that only a small part thereof had already taken place. PMsReversingTheabove chart clearly shows...Read More
Gold closed down as much as 1.21 percent Friday on a blowout jobs report that seemed to alleviate investor fears of an impending economic slowdown. The U.S. added as many as 266,000 jobs in November, beating expectations of 180,000, while the unemployment rate ticked down to a 50-year low of 3.5 percent.The yellow metal remains on sound footing, though, and over the next 12 to 24 months, I see i...Read More
"Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated." Elaine Chao, American politician, U.S. Secretary of Transportation 2017-,...Read More
By: Ira EpsteinGold is near a seasonal bump to the upside. $1,459.80 would be a negative turn in short-term picture. Downside bias but swingline just below..Read More
Traders just booked profit in short positions in gold and silver. They are sitting on cash at the moment. News will be the key. Trade deal with China is not signed yet. I will not rule out further escalation of trade war with China as US economic numbers have beaten Chinese in November. Trump is at an advantage (with China) on the trade war in the short term. Trade war will be pain for every nat...Read More
Stocks struggled to gain momentum todayThe Dow explored a 145-point trading range today, before settling south of breakeven, as Wall Street proceeded with caution ahead the Dec. 15 deadline when the U.S. is expected to lift tariffs on some Chinese goods. A report from The Wall Street Journal indicated that these looming tariffs could be delayed, even as separate headlines suggested a phase-one tra...Read More