When the mid-cap index takes on 2,000, stocks tend to sell off hardStarting in early July, the S&P 500 Index (SPX) spent several long months churning sideways beneath a pair of round-number "pressure points" that proved extremely challenging to move past. The first of these was the "mega round" 3,000 millennium level, and the second was the 20% year-to-date return level at 3,008. Both of these wer...Read More
Gold demand grew modestly to 1,107.9t in Q3 thanks to the largest ETF inflows since Q1 2016.Although central bank buying remained healthy, it was significantly lower than the record levels of Q3 2018.Technology demand for gold fell 4% as economic challenges remained, but the nascent 5G infrastructure helped to slow the decline in the important electronics sector.Surge in ETF inflows supports Q3 go...Read More
Jack ChanPosted Nov 11, 2019Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.Speculation dropped sharply this week and will show on next week’s data.Speculation dropped...Read More
David Becker5 hours ago (Nov 11, 2019 8:10 PM GMT)Gold prices edged lower on Monday, and showed little energy to bounce following a sharp drop on Friday. US yields also remain elevated following a surge on Friday and the dollar consolidated its recent gains. The strong showing in US yields put downward pressure on the greenback, and weaker than expected data in the UK did little to help ease deman...Read More
Ole Hansen14 hours ago (Nov 11, 2019 10:51 AM GMT)Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.The below summary highlights futures positions and changes made by hedge funds across 24 commodities futures up until last Tuesd...Read More
Bob Moriarty ArchivesNov 12, 2019White Gold is one of those companies with great partners, Kinross Gold as well as Agnico Eagle, over 1.7 million ounces in a gold resources in one of the best gold camps in Canada but can’t seem to get any respect. At the end of December of last year the shares traded as high as $1.69 but have tumbled lately to a new yearly low of $.73. I’ve said this b...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 12, 2019 It doesn’t take much downside price action to make gold investors nervous, or much upside price action to make greed appear. It’s probably true that no fever is like gold fever! To reduce these swings in emotion, my suggestion is for investors to do most of their b...Read More
By: Avi GilburtThe metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to "take off like a rocket-ship." To my members of ElliottWaveTrader.net, I outlined my expectations fo...Read More
Clint Siegner, Money MetalsThe recent price smash in precious metals is frustrating for goldbugs. It is even more infuriating for those who look at the fundamental reasons to own gold and silver and see prices falling anyway.That's why it's worth explaining once again the real purpose of the futures markets, where prices are set. Some recent revelations about Bitcoin futures will help.The CME la...Read More
By: Ira EpsteinFed's Powell speaking this week. Still a washout in gold, huge outflows from the market. Gold 3-days under Bollinger lower band..Read More
Gold trading volume & open interest are through the roof, and Dave Kranzler says that's because the banks are desperate to contain gold's price rise! Economic recession and depression are coming, and before long, the plunge protection team will lose control of the stock market, and they'll pull the plug when it gets to that point.Dave sat down with Half Dollar on Tuesday for a robust discussion on...Read More
For Part 1 of this interview, CLICK HEREMax continues his conversation with Gerald Celente of TrendsResearch.com about repo markets, 'balsamic smiles,' China's gold buying and Mark Carney's recent suggest that an IMF-backed synthetic cryptocurrency should replace the US dollar as a unit of account for global trade.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a fina...Read More
CLO (collateralized loan obligation) markets starting to tank. Market for risky corporate debt is softening and turning to real junk. Even the WSJ ran a story about people going even further into debt. There's ever more underwater car loans because of negative equity in the consumer's current auto. By rolling over the balance into a new loan, they're effectively paying interest on interest. How ca...Read More
Recently, there has been a parade of central bankers along with their lackeys on Wall Street coming on the financial news networks and desperately trying to convince investors Continue...Read More
Slides and Links: https://www.itmtrading.com/blog/gold-...Watch this: When Will The Jenga Economy Fall?, https://youtu.be/uCWFtvMYcv4Question 1. Jim H: You talked about the SDR/digital derivative of it being the new reserve currency. You then mention there could be a number of currencies in the SDR basket. If all currencies are fiat, won't the SDR just be another fiat?Question 2. Engels V: Assumin...Read More
"The decision will have immediate and severe consequences, exposing the firearms industry to costly and burdensome litigation." Continue...Read More
"Quite a lot of criticisms and complaints about China from President Trump in his latest speech, but hardly anything new. Similar statements of senior US officials have bored people."Continue...Read More
Hey Bernie, It's 'Medicare For All' That Would Be 'Cruel' And 'Dysfunctional' During last week's Democratic presidential debate, Sen. Bernie Sanders called the current U.S. healthcare system "dysfunctional" and "cruel." Words like that are more appropriate descriptors of the government-run healthcare systems abroad that Sanders would like to import to the United States. NOTE: President Trump share...Read More
Although gold prices have seen a slump recently, investors should not take this is as a bearish sign and instead, consider adding more of the yellow metal to their portfolio, this according to Frank Holmes, CEO of U.S. Global Investors.Holmes noted that gold stocks and gold bullion are currently underweighted in investors' portfolios. "When you look at Canada, and you look at the index and percent...Read More
If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility of a partial backing is possible.Continue...Read More