Gold trades just under $1500 per ounce and continues to correct.Phase one of the trade deal is not a done deal.Brexit looks promising, but still could be a political nightmare.Iran and the Middle East - a hornet's nest.Falling rates are bullish for gold - GDXJ is a leveraged play on gold's upside.Gold broke out above its critical level of technical resistance in June. The price of the yell...Read More
Fed's action to weaken the U.S. dollar.This is a brief but very important update to my previous post of July 18, 2019, "U.S. Dollar Stronger For Longer".Everyone back into the gold market.Fed's new QE to push US$ down and gold up If it looks like a duck, walks like a duck and quacks like a duck, it is probably a duck. Thus despite the protestations to the contrary by Chairman Powell,...Read More
Adam HamiltonArchivesOct 18, 2019 The gold miners are likely to report blowout profits in this spinning-up Q3'19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That's going to leave the still-undervalued gold miners much more attractive fundamentally, supporting bigger capital inflows and much-higher stock prices. Q3...Read More
What’s In Play NowIt has been about 2 months since the gold stock sector, as represented by the HUI index, topped out. The ensuing correction has been a whipsaw affair of ups and downs, but smoothing that volatility out we find an ongoing correction in time and price that has not been too difficult to manage.The pattern that some would call a “complex H&S” (TA-speak for a fre...Read More
Another round of global monetary easing has just begun! More than 30 central banks around the world have cut interest rates this year so far. The Fed and the ECB are certainly among them. Should gold investors look forward to these policies playing out? Let’s find out how gold tends to behave during such an extraordinary period! Ladies and Gentlemen! Another round of global monetary easing h...Read More
According to the Centers for Disease Control and Prevention (CDC), every year about 735,000 Americans have a heart attack.Of these, 525,000 are a first heart attack and 210,000 happen in people who have already had a heart attack.The CDC says that heart disease takes the lives of around 600,000 Americans every year or 1 in 4 deaths. And, it's the leading cause of death for both men and women of mo...Read More
President Donald J. Trump is outflanking his enemies at every turn. How is it that we have been given this man at this time in history as the world which was tipping toward communist totalitarianism, hangs in the balance? Is it Divine intervention? Harley Schlanger joins SGT Report to discuss the latest.Harley Schlanger's work can be found at LaRouchePAC.com.Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Michael Pento of PentoPort.com about repo markets, quantitative easing, crybaby bankers and winning (or losing) trade wars.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
People are no longer willing to accept democracy. If they lose, they are turning much more violent demanding their way or no way. Pro-BREXIT British MPs had to be Continue...Read More
"Based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral Miami as the Host Site for the G-7 in 2020." Continue...Read More
Bob Moriarty has a very narrow time frame for when the stock/debt bubble will blow up: two weeks. Continue...Read More
What’s In Play NowIt has been about 2 months since the gold stock sector, as represented by the HUI index, topped out. The ensuing correction has been a whipsaw affair of ups and downs, but smoothing that volatility out we find an ongoing correction in time and price that has not been too difficult to manage.The pattern that some would call a “complex H&S” (TA-speak for a fre...Read More
Another round of global monetary easing has just begun! More than 30 central banks around the world have cut interest rates this year so far. The Fed and the ECB are certainly among them. Should gold investors look forward to these policies playing out? Let’s find out how gold tends to behave during such an extraordinary period! Ladies and Gentlemen! Another round of global monetary easing h...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 319,37066,34357,254167,700455,975544,324579,572 Change from Prior Reporting Period -15,0137,5233,953-55-22,722-11,115-11,246 Traders 19782875451278195 Small Speculators LongShortOpen Interest 63,06327,815607,387 1,5451,676-9,570 non report...Read More
Metals investors are positioning themselves for rapidly developing political and geopolitical events, as well as a rapidly expanding Federal Reserve balance sheet. What started out as a limited intervention to provide temporary liquidity to overnight lending markets has morphed into a massive $60-billion-per-month Treasury-buying campaign. By some measures, it's even bigger than the last Quant...Read More
By: Ira EpsteinGold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:Read More
By: Rick Ackerman, Rick's PicksI like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.www.RickAckerman.comRead More