Some analysts see the world dodging a recession next year, which provides some upward room for oil prices.Last week, the IEA warned last week that “the hefty supply cushion” building up in the first half of 2020 will cause OPEC+ problems as the group tries to balance the oil market. Part of the reason for another potential surplus is the steep drop in demand growth this year, forcing o...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 337,29651,437109,736206,626525,721653,658686,894 Change from Prior Reporting Period 14,107-4,6862,250-3,44114,18612,91611,750 Traders 20355775458284171 Small Speculators LongShortOpen Interest 65,55332,317719,211 -2,168-1,00210,748 non reportable position...Read More
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector has seen in a long time,...Read More
- David Smith, The Morgan ReportSince the Federal Reserve detached the dollar from the gold standard in 1971, the world's central bankers - with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.A common belief during the early decades of the former Soviet Union's rise after 1917 was that, according to Marxis...Read More
By: Avi GilburtMany people feel that the metals are too hard to trade. Personally, I view them as much easier to trade since they are a rather pure sentiment trade. And, they have acted almost perfectly within our expectations of late.On Friday, one of our members pointed out to me that the GLD fund has seen its largest withdrawal since late 2016. And, as we now know, that was right before t...Read More
Next week is a thanksgiving week. There will be a position squaring and rebuilding on two counts. (a) Gold, silver and copper comex December futures are expiring. (b) Traders will look to book some profit in their open positions. In my view, at the moment, there are more long positions than short positions in gold and silver. Later in the first week of December will be the usual various US jobs...Read More
Rick Rule, CEO of physical precious metals fund leader Sprott Asset Management, returns to Reluctant Preppers to answer YOUR questions on the Fed Bind Repos, what might happen to metals and mining shares during a major stock market selloff, tried & true principles for strategically protecting your family's financial future, investing, and more!Rick Rule, founder and chairman of Sprott Global Resou...Read More
The advance decline line is a reliable leading indicator. The GDX advance decline line is showing a strong positive divergence.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as The...Read More
It is the 56 anniversary of the assassination of John F. Kennedy. Not a story about it in the major media...New York Times, Wall Street Journal, CNN.com, etc. Also forgotten was President Trump's broken promise to release all the confidential files of John F. Kennedy's assassination by 26 April 2018.Here is the inside story told to me by then-Texas Gov. John Connally, who was seriously wounded whe...Read More
Jesse Ventura and producer Brigida Santos talk about Iran's shadow war with the United States in Iraq, and why Iranians are protesting in the streets. They also discuss how corporate welfare contributes to rising inequality. Jason Tetro, host of the "Super Awesome Science Show," joins the governor to talk about the rise of superbugs and antibiotic resistance. Jesse Ventura, is an American politici...Read More
Nov 25, 2019 Guest(s): Randy Smallwood Smallwood spoke to Kitco News earlier this month at the Metal Investor Forum in Vancouver. Despite gold's recent pullback, Smallwood notes that gold has been well supported by central bank buying."We haven't seen a retail push into precious metals yet. We've seen a bit, but not a lot. And when that happens, we will see a really big movement in the precious...Read More
Nov 25, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures While the Federal Reserve seems to hold a neutral view of the economy in the medium-term, prominent investors like Ray Dalio, as well as central banks, are stockpiling safe haven and hedge assets to prepare for what they believe is a coming economic downturn, this according to Phil Streible, senior market strategist of...Read More
Today's guest, Kerry Lutz, shares his thoughts on the economy and why he thinks the financial system is in big trouble. During our discussion Kerry outlines the problems and then shares his approach towards preparing for an uncertain future. Read More
Don't try to catch a falling safe. Wait for it to hit the sidewalk. Let it bounce around for a bit and crack open. Then stop, walk over and pick up the money.Continue...Read More
China is slowly and surely going down the path of Japan. It is aging rapidly as bad bank debts pile up.Continue...Read More
"They have all become openly hostile to views unapproved by the establishment," Sanger says. "Let's fix this."Continue...Read More
By: Ira EpsteinGold has not yet established an uptrend, working off the oversold condition. Gold not trending one way or another yet..Read More
There wasn't much to drive stocks higher todayStocks spent the majority of the day in the red, and though the Dow managed to pare most of its losses by the close, it finished lower for a third straight day. The S&P 500 also logged a third consecutive loss as tech weakness outweighed strength from the energy sector, while the Nasdaq fell, as well. Meanwhile, retail earnings and trade buzz were also...Read More
TWTR is attempting to rebound off its recent lowsTwitter Inc (NYSE:TWTR) gapped sharply lower in late October, in reaction to the social media firm's dismal third-quarter earnings report. The shares eventually found a floor near their year-to-date breakeven level at $28.74, and have since bounced more than 4% -- including today's 2.6% gain that has TWTR stock trading at $29.93.Today's pop has spar...Read More
The bill to legalize marijuana on the federal level in the U.S. was approved in a 24-10 vote by theHouse Judiciary Committee While the Dow is sinking midday amid a weakening retail sector, news that the U.S. House Judiciary Committee has approved a bill to legalize marijuana on the federal level has the pot sector flying high. The bill, called the Marijuana Opportunity Reinvestment and Expungement...Read More