Keith Weiner, Monetary MetalsNot too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You'd think that everyone would know that donning fake headphones made of coconut shells, and waving tiki torches will not summon airplanes loaded with cargo. At least the people who believe in this have the excu...Read More
- Stefan GleasonAs investors reset their clocks to accord with the end of Daylight Savings Time, they may also need to reset their expectations for future returns. A strong body of research suggests that artificially changing the time twice a year - forward, then backward an hour - does more harm than good. It leads to sleep disruptions, heightened stress, missed appointments, wasted time (...Read More
By: Ira EpsteinGold support around $1480 area if it were to breakdown. Gold fighting resistance with overbought market, serious resistance..Read More
Dear Rich Lifer,Imagine you're offered two choices:Get $100 today or $110 tomorrow.Statistically speaking, most people would choose to take the $100 today.But, if you reframe this scenario and offer someone $100 in one year and $110 in one year and one day from now, the majority of people will wait the extra day for the $10.This makes absolutely no sense.Why do most people choose a bigger reward w...Read More
I've been to Italy four times, including my most recent trip two weeks ago. So it's really interesting to look at the different foreign exchange rates in place at the time of my various visits.Just as an example, on this most recent trip I was getting roughly 21% more for my money than the last time I visited four years ago. That makes a huge difference!Of course, unless they're frequent travelers...Read More
Dear Reader,If the supply of money in an economy is $1 billion, each unit of currency buys X (the purchasing power of each unit of currency).If the money supply is doubled without any expansion in the consumers' pool of goods and services, the purchasing power of each unit of currency falls in half. This reduction in the purchasing power of each unit of currency is called inflation.Governments fac...Read More
San Francisco, California November 5, 2019Editor's note: We've discussed Modern Monetary Theory, which is essentially money printing on a colossal scale, in The Daily Reckoning before. Today Charles Hugh Smith gives you an objective account of MMT and arrives at a disturbing conclusion.Dear Reader,We've heard a lot about Modern Monetary Theory (MMT) for several months now. The Daily Reckoning has...Read More
In this video we analyze the potential impact the breakout in the stock market will have on gold & the gold stocks. We draw a few conclusions.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,...Read More
It happened. Hallelujah. Or maybe better: Watch Out! The yield curve, after having been at least partially inverted all year, un-inverted today.Continue...Read More
"They [democrats/communists] should not tell everything they're going to do," she said. "If you are going to take people's guns away, wait until you get elected and Continue...Read More
Gold has been mired in a months-long trading range. Until it breaks out - either to the upside or the downside - there's nothing to do except short-term tradesContinue...Read More
Understand that the current digital derivative and fractional reserve pricing scheme is rooted in fraud. Continue...Read More
In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. W concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.” Fast forward another week and a few positives has morphed into a handful of positives. First let’s look at GDX. In the chart below we plot...Read More
StrengthsThe best performing metal this week was platinum, up 2.61 percent, followed closely by palladium, up 2.39 percent. Both platinum and palladium experienced strong demand as hedge funds pushed their net-long positions to five and three-week highs, respectively. Gold traders and analysts were mostly bullish in the weekly Bloomberg survey due to renewed concerns over a trade deal between...Read More
RambusI've been holding off on writing this Weekend Report for the US stock markets until I got just a little more confirmation that the next impulse move higher is underway. Last weeks price action is strongly suggesting that the nearly 2 year consolidation phase is drawing to a close. Lets say I'm seeing some green shoots sprouting up in many different areas of the markets.Most investors rely...Read More
What are we to make of Wall Street's exuberance on Friday over news concerning a U.S. economic expansion that refuses to die? Employers are hiring, consumers are spending and business is humming despite a dramatic economic slowdown in Asia, Europe, South America and elsewhere. Perhaps America really is an economic island, one blessed with unstinting support from a central bank that has finally s...Read More
The Dow, S&P, and Nasdaq all had nice daysIt was another big day for stocks in the U.S., as the major indexes spent the session in the black and hit fresh record highs. The Dow closed off its intraday peak, but still managed to overcome the weakness in McDonald's (MCD) shares to post a solid win. It was a similar setup for the Nasdaq and S&P 500, with the latter index brushing off Under Armour's (...Read More
The firm posted better-than-expected sales for its Xpovio drug The shares of Karyopharm Therapeutics Inc (NASDAQ:KPTI) hit an annual peak of $14.20 earlier, and are eyeing their highest close since a massive bear gap last October, following the drugmaker's third-quarter results. The firm posted a slimmer-than-expected per-share loss of 67 cents, and $12.8 million in sales for its multiple myeloma...Read More
BLUE, BB, and BNTX all received upbeat analyst attention todayThe U.S. stock market is soaring once more, with all three benchmarks nabbing new record highs. Among specific stocks making notable moves higher are gene therapy specialist bluebird bio Inc (NASDAQ:BLUE), tech issue BlackBerry Ltd (NYSE:BB), and biotech BioNTech SE (NASDAQ:BNTX). Here's a quick look at what's moving the shares of BLUE...Read More
Sideways period might have been the calm before the storm.Weekly and daily charts are slightly bullish.Commitment of Traders Report remains very negative.Sentiment has cooled down in recent weeks.Seasonality is very promising until end of February.Since 3rd of September, gold and the SPDR Gold Trust ETF (NYSEARCA:GLD) have been consolidating for nearly two months and now seem to be getting ready f...Read More