Erik Townsend and Patrick Ceresna welcome Danielle DiMartino-Booth and Peter Boockvar to MacroVoices. They discuss the FOMC statement, risks of a recession in the U.S. and inflation risks moving forward & much more.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
We've had a mini-megaphone pattern going on for a couple years now, says Harry Dent. And right now the markets are about to break one way or the other...and it's all news dependent. Watch now to find out what you should be looking for in the weeks ahead. Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Resear...Read More
Barack and Michelle Obama are buying a nearly $15 million mansion on Martha's Vineyard. They had rented it out in August from the Celtics co-owner Wyc Grousbeck, who Continue...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Major US bank Wells Fargo has apparently been getting a lot of client inquiries about gold, and has responeded pretty much as you'd expect:Continue...Read More
Click here for the full transcript: http://financialrepressionauthority.c...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...Read More
On Tuesday, Christiaan Trunz, another former JPMorgan metals trader, pleaded guilty to conspiracy and to manipulating prices in the precious-metals market as part of the U.S. government's continuing crackdown on bogus spoofing trades.JPMorgan Spoofer Pleads Guilty To Gold Manipulation, Faces 11 Years In Jail https://www.zerohedge.com/news/2019-0... Banks Have Paid $321 Billion in Fines Since the F...Read More
Today's investors must recognize that we no longer havethe comprehensive brokerage house research support for stocks as in the past;research has declined for over twenty years and that lack of analysis willcontinue. Why? Because the spreads between stocks' bid and offer prices havebecome so narrow that the brokerage houses' and banks' market makers' profitsare minimal if not non-existent. The prof...Read More
The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world’s attempts to address climate change.The U.S. is set to account for 61 percent of all new oil and gas production over the next decade. A recent report from this organization says that to avoid the worst effects of climate change, &ldqu...Read More
The 2019 Economic Symposium in Jackson Hole has begun! On Friday, we’ll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market?Jackson Hole 2019 Has BegunThis week is rather light in terms of incoming economic data, with the minutes from the last FOMC meeting being the only exception. Now, investors await the annual Jackson Hole Economic Policy Sympo...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 352,29452,30145,250133,408469,658530,952567,209 Change from Prior Reporting Period 6,071-3,832-2,208-3,4159,1084483,068 Traders 22860745659308171 Small Speculators LongShortOpen Interest 63,85527,598594,807 397-2,223845 non reportable posi...Read More
The mid-tier gold miners' stocks have soared in recent months on gold's decisive bull-market breakout. They are this sector's sweet spot for stock-price upside potential, with room for strong production growth which investors love. That's an attractive contrast to the stagnating major gold miners. The mid-tiers' recently-reported Q2'19 results reveal whether their fundamentals justify th...Read More
By Mike Gleason, Money Metals Exchange Gold and silver markets test some near-term technical support levels late this week, investors are focused on takeaways from the Jackson Hole symposium. Federal Reserve chairman Jerome Powell headlined a list of other central bankers, academics, and financial elites at the annual Wyoming gathering. Powell was widely expected to signal a rate cut ahead d...Read More
David HaggithPretty good if you ask me. Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.Cass comes on boardThe Cass Freight Index is one of the most robust proxies for the US and global e...Read More
By: Ira EpsteinGold in a distribution pattern. How do we come out of it is the question:Read More
Daniel R. AmermanThe front page of the August 16th Wall Street Journal contains the information found in the remarkable graph below.As can be clearly seen, year to date around the world - including in Austria, Japan, Germany, and the U.S. and the U.K. - we are in practice seeing some of the most astonishing short-term returns ever seen when it comes to long and ultralong bonds.The title of the...Read More
Dave KranzlerBullion Star released a graph Tuesday that showed Switzerland exported 90 tonnes of gold to the London gold market (U.K.) in July, which dwarfed exports to India and China. Bloomberg's spin on the data was that the gold was needed for ETFs. Of course, as is typical, the Bloomberg "journalist" likely regurgitated "information" that came from a source rather than fact-chec...Read More
Bakkt is set to launch on September 23rdBitcoin hash rate reached a new ATH this month ahead of halvingNew Zealand tax authority lets citizens receive crypto salariesBTC/USD bull market is far from overAugust 2019 has been full of positive crypto news so far. The Bakkt launch will bring legitimacy to crypto and attract additional institutional capital. The BTC hash rate hitting a new all-time high...Read More
"While sharing information and ideas with colleagues helps build community, disrupting the workday to have a raging debate over politics or the latest news story does not,"Continue...Read More