Downbeat trade reports are overshadowing strong tech earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as traders react to a Bloomberg report suggesting the Chinese government is unsure about the chances of a long-term trade deal with the U.S. This news is overshadowing strong quarterly reports from the tech sector, where Apple (AAPL) and Facebook (FB) a...Read More
* Break above $1,515 could prompt further gold gains-analyst * Palladium on course for third straight monthly gain (Updates prices)By Karthika Suresh NamboothiriOct 31 (Reuters) - Gold rose on Thursday as the dollar cameunder pressure after the U.S. Federal Reserve cut interest rateswhile uncertainty surrounding a U.S.-China trade deal bolsteredthe metal's appeal as a safe-haven investment.Prices...Read More
The Fed still has high hopes this is only going to be a mid-cycle adjustment.Oil prices sank after a surprise build with the EIA crude oil inventory report showed US stockpiles are continuing to rise.The optimistic outlook to the economy and hawkish risks saw gold initially plummet.By Ed Moya The Fed still has high hopes this is only going to be a mid-cycle adjustment. The third consecutive rate c...Read More
In August, gold prices reached their highest level in six years. Low interest rates should continue to support gold.China's appetite for gold-backed ETFs reached extreme highs too.Here are three technical reasons why gold prices should keep advancing in the near future.In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe...Read More
Keith WeinerPosted Oct 30, 2019We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.A bank deposit comes with a...Read More
Bob Moriarty ArchivesOct 31, 2019I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Something very bad comes this way. Right out of the blue the Fed began todump bundles of crisp $100 bills onto a financial firein the middle of September when the overnight rate shot to...Read More
By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More
"We deny the claims of the lawsuit and are prepared to defend our case in court." Continue...Read More
I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Continue...Read More
"We should have lower interest rates than Germany, Japan and all others. We are now, by far, the biggest and strongest Country, but the Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve is! We will win anyway."Continue...Read More
The recent vaping scare has been caused by illegal black market THC cartridges. I has nothing to do with nicotine vapors. There's no high school vaping epidemic. While huge numbers of kids are experimenting, very few are becoming smokers. Less than 3 percent of all vapers are children and less 1 percent of the total papers are children. The banning of the flavors will do nothing to reduce nicotine...Read More
Central banks will use the narrative of climate change to expand balance sheets at record paces.Continue...Read More
Legendary silver analyst Ted Butler of Butler Research returns to Reluctant Preppers to answer your questions about recent revelations on massive physical shipments of silver at the COMEX, where all the silver is coming from and going to, who the "WHALE" is, what JP Morgan has to do with all this, and most importantly: what we can learn about it for our own families' well-being!Theodore Butler is...Read More
The Canadian company achieves this through underground channel sampling. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that through underground channel sampling at Pamlico, it confirmed continuous gold and silver mineralization between the 5570 and 5518 levels of the Good Hope mine in Nevada."Our underground sampling program at Pamlico is continuing to provide valuable in...Read More
Shares of gold royalty firm Sandstorm Gold traded more than 9% higher today after reporting record revenue for Q3/19. Vancouver, Canada-based gold royalty company Sandstorm Gold Ltd. (SSL:TSX; SAND:AMEX), yesterday announced what it called record 2019 results for the third quarter ended September 30, 2019.The company advised that in Q3/19 it achieved record revenue of $25.8 million, a 49% increas...Read More
This exploration tool also assists the property's explorer with outcrop detection. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCMKTS) announced in a news release it received and analyzed results of the recent Lidar survey of its largely unexplored, 3,370 hectare Larder gold property in Ontario, Canada.The Lidar method records detailed ground elevation measurements via laser light and sensors. At...Read More
Doyou know what mining companies did yesterday? They verified a major breakdown,confirming the extremely bearish outlook for the following months. What? Theminers rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes,they moved a bit higher. But the junior miners (TorontoStock Exchange Venture Index) just declined after confirmingbreakdown below the very important risi...Read More
A case can be made that silver's current price “stability” –believed by many to be well below where it "should" be – is theresult of at least three interlocking factors.There are certainly other considerations, but the following seemespecially relevant today…Our chosen metaphor is the three-legged stool. Take one legaway, and the stool topples. In the case...Read More
By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More
Dear Rich Lifer,Sales, in-store financing, and even frequent customer discount programs are nothing new. Since the first proprietor hung the first shingle on the first store, there have been sellers looking for ways to entice people to purchase more from them.What is new, is the host of savings and cash-back apps available on your laptop or smartphone.With just a few clicks or taps, you can get th...Read More