By: Ira EpsteinGold weekly chart 18-Weekly MA near $1,469. Gold bias yesterday went to the downside. Under the 18 day moving average, 1474 area support..Read More
Investors are preferring stock over gold. This has resulted in the correction and not a bear rally. Bear rally will be there if gold does not break $1466 by 15th November. I will prefer to remain on the sidelines in gold today. I will still prefer to use crashes of $100 and more in silver (if any) to invest for the long term. Day traders have to remain on the sidelines in silver. Trump impeachme...Read More
A 0.3% contraction in retail sales for September overshadowed several impressive earnings reports The Dow ended slightly lower today, as a surprise 0.3% drop in retail sales for September -- the first dip in seven months -- managed to dampen a relatively solid day of earnings. Re-emerging fears over the U.S.-China trade conflict had markets in a slump today, too, asnews reports cast doubt on China...Read More
Morgan Stanley slashed its price targets on NOW and WORKThe U.S. stock market is making modest moves this afternoon, quiet after Monday's massive gains on weak retail sales data. Some individual names are making big moves, though, including software stocks Workday Inc (NASDAQ:WDAY), ServiceNow Inc (NYSE:NOW), and Slack Technologies Inc (NYSE:WORK). Here's a quick roundup of what's moving the share...Read More
The two sides have reached a deal after a month-long strikeGeneral Motors Company (NYSE:GM) is in focus today, after the car maker reached a tentative deal with the United Auto Workers (UAW) union. The four-year labor deal could end a month-long strike of roughly 48,000 hourly workers. GM stock is up 2% to trade at $36.98 in response, but some options traders aren't as optimistic. With around one...Read More
Gold prices ended higher on Wednesday as investors watched global political news surrounding trade and Brexit, and reacted to a weaker-than-expected reading of U.S. retail sales, which spurred some haven buying. Moves for the precious metal came as Brexit and the "usual worries persist" on Turkey, the Middle East, U.S. politics and the global economic outlook, as well as on uncertainty tied to the...Read More
Low inflation expectations are why gold's long-term prospects are bullish.Recent trade relation improvement is a short-term headwind, though.Persistent low inflation will eventually overcome gold's latest obstacle.It's a commonly held assumption that gold benefits primarily from inflation. If that were entirely true, then there should be no reason for gold to be struggling against the pros...Read More
The Shanghai Gold Exchange has become the world's largest physical gold exchange less than 20 years after launching.China mines 11 percent of the world's gold, making it the world's largest gold producer.Two new futures contracts connecting CME Group gold futures to Shanghai Gold Exchange launched in October.By Debbie Carlson China has grown to become one of the biggest gold-trading markets, just...Read More
Gary Christenson, The Deviant InvestorThe music died many times in the past. To name a few:1929 Market crash1933 President Roosevelt confiscates citizen gold and declares it illegal to own more than a few ounces.1971 President Nixon "closed the gold window" and severed the last link between the devaluing dollar and gold.1987 Stock market crash2000 Stock market and "dot-com" crash2008 Stock marke...Read More
By: Ira EpsteinGold weekly chart 18-Weekly MA near $1,469. Gold bias yesterday went to the downside. Under the 18 day moving average, 1474 area support..Read More
Investors are preferring stock over gold. This has resulted in the correction and not a bear rally. Bear rally will be there if gold does not break $1466 by 15th November. I will prefer to remain on the sidelines in gold today. I will still prefer to use crashes of $100 and more in silver (if any) to invest for the long term. Day traders have to remain on the sidelines in silver. Trump impeachme...Read More
Discussed in this interview:03:13 Shadow banking system is oversized once again05:26 Fed's repos are similar to quantitative easing10:13 Liquidity seizure are extremely rare events12:06 Preventing contagion from overnight lending market16:08 Will the US follow the rest of the world into negative interest rates?18:14 Negative interest rates 'un-American'21:03 Signs of a coming recession23:05 Expect...Read More
Today's guest, John Rubino, shares his thoughts on the financial markets and global economy. During our discussion John mentions that all the negative activity is signaling that we are close to some type of market top.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Coll...Read More
Given the crisis actions currently being taken by central banks, the drastic erosion of constitutional liberties and privacy, and the unprecedented levels of debt & derivatives posing risk of global financial collapse, you may be wondering whether you should relocate in order to reduce taxes, government intrusion, and other risks. But where should you consider moving, and what factors should you c...Read More
Slides and Links: https://www.itmtrading.com/blog/big-e...There's a large majority of the population (hopefully not you) that believes they'll have time to do something before the Big Emergency takes place; time to move their money, time to get prepared, etc. However, I'm going to cover some Seismic Deadlines in this video, which are not only Looming, but will leave little warning when they take p...Read More
Peter Schiff discusses how the Federal Reserve plays an integral role in the economic recessions of the past. Peter covers cause and effect, and how different functions of the markets, politics, national debt, and central banks influence and shape the future of the world economy. He also gives insight on where he sees the economy heading, and how his prediction is likely to pass in the near future...Read More
According to the Washington Post's Josh Rogin, the former president said, "An isolationist United States is destabilizing around the world" and "We are becoming isolationist and Continue...Read More
Remember "defined benefit" pensions? That is the kind of plan in which the employer guarantees the worker a set monthly benefit for life. They are increasingly scarce except for smallContinue...Read More