(Updates with closing prices, recasts)By Peter HobsonLONDON, Oct 23 (Reuters) - Copper prices rose on Wednesdayas a wave of protests in top producer Chile began to disruptsupplies, but gains were limited by lingering fears over thehealth of the global economy and the outlook for demand.Benchmark copper on the London Metal Exchange endedup 1.1% at $5,881 a tonne after reaching $5,885, the highestsi...Read More
The best and worst times to trade stocks, bonds, gold, and other assetsThe Federal Open Market Committee (FOMC) will meet next week and is expected to lower interest rates next Wednesday, Oct. 30, just as it's done the last two meetings. Going back to 2015, Fed weeks have tended to be bearish for the stock market. The table below shows the S&P 500 Index (SPX) has averaged a loss during these weeks...Read More
Richard (Rick) Mills, Ahead of the herd In the first quarter of 2019, global debt hit $246.5 trillion. Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone. It reverses a trend that started in the beginning of 2018, of reducing debt burdens, when global debt reached its highest on record, $248 trillio...Read More
Clint Siegner, Money MetalsThe Wall Street Journal's Jason Zweig famously referred to gold as a "Pet Rock" in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.The valuable roles played by gold have been well covered here. It's a hedge against both inflation and deflation, it represents true diversifi...Read More
By: Ira EpsteinGold's volatility has been coming out of the market. $1,498.7 would break the bearish pattern: Read More
Discussed in this interview:02:07 Fed unwinding balance sheet to pre-QE levels is a pipe dream06:19 Ridiculous that the US has never had a failed bond auction10:15 US shale oil industry could be soaking up unwanted dollars12:48 De-dollarization: Foreigners do not want dollars20:31 Energy independence? US still needs Saudi oil22:18 Oil is the main sustenance for the US dollar22:45 The ridiculous pa...Read More
Edward Snowden is an American whistleblower who copied and leaked highly classified information from the National Security Agency in 2013 when he was a Central Intelligence Agency employee and subcontractor. His new book "Permanent Record" is now available.Read More
Find out how pensions are leveraging the credit market via the shadow banking system. Brian Reynolds joins Robert to discuss how we're likely in another boom-and-bust cycle driven by shadow banking.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales f...Read More
Michael says the "Fed has no idea what they are doing." Last year they said they would be quietly conducting quantitative tightening to lower their balance sheet and would be raising rates. Then a year later, having never reached 3.5%, they are now sending rates much lower. Their quantitative tightening program blew up the junk bond market, and now they are back to monetizing the debt just like an...Read More
Facebook is spending millions of dollars a year to purchase influence with politicians and regulators. Continue...Read More
"With this breakthrough we're now one step closer to applying quantum computing to-for example-design more efficient batteries, create fertilizer using less energy, and figure out Continue...Read More
Slides and Links: https://www.itmtrading.com/blog/bigge...In the last Great Recession (although it was incredibly tough for many people -and still is), there was one huge factor people are forgetting. And that is...the BANKS were the epicenter of that Crisis. In this video I'll show you how that is no longer the case, and how YOU are now the epicenter of the current Crisis. The risk has already be...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Michael Oliver explains how close we are to the next upward resistance in the gold price.Read More
"Daryl Morey was right. Whenever you see something wrong going on anywhere in the world, you should have the right to say, 'That's not right.' And that's what he did. But again, sometimesContinue...Read More
With all three zones open downplunge, the Canadian company intends to continue drilling. Osisko Mining Corp. (OSK:TSX) announced in a news release it hit high-grade gold mineralization on drilling in three zones of the Lynx deposit at its Windfall project in Quebec: the Lynx, the Lynx Extension and the Triple Lynx.This occurred during its ongoing definition and expansion drill campaign targeting...Read More
John-Mark Staude, president and CEO of Riverside Resources, speaks with Maurice Jackson of Proven and Probable about his company's strategic funding agreement with BHP to explore the Laramide copper belt of Sonora. Maurice Jackson: Joining us for a conversation is Dr. John-Mark Staude, president and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB). Riverside has entered into a strategic f...Read More
With the odds of a Brexit deal by the October 31 deadline declining, gold bulls may stand to benefit. The price of gold has been in a narrow range over the past session with support at $1479 drawing buyers while the shiny metal continues to struggle to rally above the psychological $1500 level.Gold prices have been held higher by a weaker dollar as of late while at the same time suppressed by posi...Read More
The Wall Street Journal’s Jason Zweig famously referred to gold as a “Pet Rock” in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.The valuable roles played by gold have been well covered here. It’s a hedge against both inflation and deflation, it represents true diversification fo...Read More
Precious Metals enjoyed a very strong move this past summer. Both Gold and gold stocks broke past multi-year resistance and showed the kind of positive momentum that has been lacking for years. But strong momentum coupled with major technical resistance set in, along with a temporary shift in fundamentals, thus creating a roadblock and a correction. The precious metals complex has corrected...Read More