Precious metals expert Michael Ballanger discusses trends in the market and his recent trades. For those of you that have followed my raves and rants over the years, you are undisputedly aware of all of my biases when it comes to almost everything: bankers, politicians, invasive species, free market suppression, entitled Millennials, and finally, the utility of precious metals in a "financial orde...Read More
The new Alchemist went out at the end of July. And making the choice from its articles is always hard. What gems can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!Gordon’s Brown Bottom, 20 Years OnThe first article we would like to summarize for you is “Gordon’s Brown Bottom, 20 Years On” by Adrian Ash, Direct...Read More
Just a few weeks ago, silver naysayers told us we’d have to waitmonths, or even years, before the market made a big move. Now they are eatingtheir words! The white-hot metal surged past $18.50/oz this morning to reachits highest level in more than two years.Silver is up more than 13% in the month of August alone, a timewhen many precious metals analysts had expected summer doldrums. Even som...Read More
Several articles by others recently have pointed out the apparent inconsistency of the US dollar’s action relative to the price of gold. For example, over the past year the US dollar Index has continued to strengthen, while gold has also risen in price.That would seem to indicate that the US dollar’s value is not a primary factor in determining the price of gold. As we have said, thoug...Read More
Precious metals expert Michael Ballanger discusses trends in the market and his recent trades. For those of you that have followed my raves and rants over the years, you are undisputedly aware of all of my biases when it comes to almost everything: bankers, politicians, invasive species, free market suppression, entitled Millennials, and finally, the utility of precious metals in a "financial orde...Read More
The new Alchemist went out at the end of July. And making the choice from its articles is always hard. What gems can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!Gordon’s Brown Bottom, 20 Years OnThe first article we would like to summarize for you is “Gordon’s Brown Bottom, 20 Years On” by Adrian Ash, Direct...Read More
Gold and Bitcoin are becoming correlated for the first time in historyStocks in the US are beyond overvaluedThe Fed may ease monetary policy furtherThe US Dollar is losing reserve currency statusGold continues hitting record highs against major fiat currenciesSafe-haven assets are seeing massive capital inflows. This has been forecasted for a long time by many people, including GSB and its readers...Read More
RambusThe most important part of investing is knowing if you are in a bull or bear market. It's always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the majo...Read More
*Mp3 file.HighlightsReturning from a sabbatical in Italy, Peter Schiff notes profligacy could unravel the domestic economy. The ideal panacea includes returning the global reserve currency to a gold-backing. Ghana recently experienced a financial crisis where 1/3 of the financial institutions closed their doors. $1.6 billion evaporated - Wikipedia rolled out a webpage outlining the Ghana Ban...Read More
By: Ira EpsteinGold needs to hold $1,535.30 to hold strong uptrend, support also at 18-DMA near $1,520. $1,556-1,565 resistance on the December gold futures contract:Read More
Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More
There is still some apprehensions over the sustainability over the rise in silver price. Most investors (in my view) prefer gold over silver. Even my elder brother does not like to invest in silver. The reason is that four years ago he had invested in physical silver at Rs.53,000 per kilogram and the price is yet to come. Gold's preference over silver will continue among old traders and investor...Read More
The tech sector had a huge day, thanks to softened trade rhetoricAnother big day in the tech sector fueled a strong performance for U.S. stocks, with the Dow grabbing its highest close since Aug. 8. Traders responded bullishly to softened trade rhetoric between the U.S. and China, sending chip stocks to the top of the major indexes. As such, the S&P and Nasdaq also posted impressive wins, putting...Read More
One trader is betting on more big directional moves for GDX in the months aheadShares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) are sinking this afternoon, down 2.7% at $29.57. However, today it looks like one trader is betting on a massive move for GDX over the next few months. Below, we'll take a closer look at the outcomes for this ambitious options trade, as well as how the gold ETF ha...Read More
GME stock is eyeing its highest close in a month A website reboot has the shares of GameStop Corp. (NYSE:GME) eyeing their highest close this month, up 6.2% at $4.12, at last glance. The video game retailer said the change was inspired by feedback from their customers, and urged people to explore their newly redesigned page, GameStop.com, which will offer a new in-store pickup feature and easy dis...Read More
Gold prices fell for a second day in a row Thursday to their lowest in a week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal. Geopolitical worries were soothed after a spokesman for China's commerce ministry said Thursday that Beijing wasn't planning to immediately respond to the latest round of U.S. tariffs. The p...Read More
Tech tailwinds have FB shares on the rise todayFacebook, Inc. (NASDAQ:FB) is trading up 2% today, last seen at $185.46, rising with the broader tech sector. This move to the upside comes after a recent meet-up with the 160-day moving average. According to Schaeffer's Senior Quantitative Analyst Rocky White, the last three encounters with this trendline have sparked an average one-month gain of 6.2...Read More
COST could finally topple $300 in SeptemberCostco Wholesale Corporation (NASDAQ:COST) has been in focus this week, after the company's grand opening in Shanghai, China, drew frenzied crowds -- so big, in fact, the retailer had to shutter the store early on Tuesday. COST stock is trading around $296.15, at last check, a chip-shot from its Aug. 28 record high of $299.95. What's more, shares of the b...Read More
AAPL shares are pacing for a big weekly winTrade headlines are driving stocks higher today. Among individual names making notable moves are iPhone maker Apple Inc. (NASDAQ:AAPL), cloud concern Nutanix Inc (NASDAQ:NTNX), and U.K. software firm Micro Focus International PLC (NYSE:MFGP). Here's a quick look at what's moving the shares of AAPL, NTNX, and MFGP.Apple's September Event Expected to Featur...Read More
Markets will be closed on Monday, in observance of Labor Day Next week will be short -- with markets closed on Monday in observance of Labor Day -- but packed to the gills with economic data and Fed speeches. Several Fed presidents -- including John Williams, James Bullard, and Charles Evans -- will take the stage. Elsewhere, Wall Street will digest reports on manufacturing activity, and the week...Read More