Stocks had their worst day of the year on MondayThe S&P 500 Index (SPX) had its worst day of the year on Monday of this week. This sent the Relative Strength Indicator (RSI) crashing, indicating an oversold market. The RSI is a popular technical indicator that oscillates between zero and 100. A level above 70 is often considered overbought, while a level below 30 is considered oversold.Based on th...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rebounded Tuesday and finished up nearly 300 points, one day after the major indexes posted their worst day of the year. China pegged its yuan inside the 7 mark after the Treasury labeled the country a currency manipulator. Take-Two Interactive Software (TTWO - Get Report) rose after the videogame...Read More
Dear Friend of GATA and Gold:Over a weekend in April six years ago, without any corresponding news, the gold price was smashed out of the blue for nearly $200. For months before the smash analysts often said that China had put a floor under the gold price, buying whatever it could to hedge its U.S. dollar exposure without pushing gold's price up too much.That analysis made sense, since, with its...Read More
Stefan GleasonThe world is in the midst of one of the strangest asset bubbles of all time. Instead of being fueled by the hope of bigger and bigger gains, it is being driven by a resignation to incurring lower and lower... and ultimately negative, yields on capital.This summer, the global inventory of bonds yielding less than zero reached a record $13 trillion.Negative yielding instruments are c...Read More
Say what you will about last week, it certainly wasn't dull. The Federal Reserve, seemingly capitulating to President Donald Trump and Wall Street, became just the latest central bank to cut interest rates. Meanwhile, the president escalated the trade war even further, announcing that additional tariffs would be imposed on goods coming into the U.S. from China after another round of trade talks...Read More
David HaggithOn June 12, I wrote,The market is moving into waiting mode as the Fed's next FOMC meeting where they have the opportunity to live up to the rate-cutting hopes they've raised come next week. As it does, it is forming that topping pattern that keeps repeating at this level."Frothy Bubbles Make Me Whine" Now you can easily see in the chart below that certainly fits what happened with...Read More
Click to enlarge chartA Pittance for GeniusThe late John Scarne, one of the world great experts on gambling, once wrote a treatise explaining why you can't win at three-card monte. That's the game where a grifter lays three playing cards on a makeshift table, instructing you to follow the queen. He turns them face-down, flipping the queen over now and then to make it easier for you to keep tra...Read More
By: Ira EpsteinGold's 18-DMA now above $1,440+ Read More
Colorado Springs, CO, Aug. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its second quarter earnings conference call scheduled for Wednesday, August 7, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Co...Read More
Once upon a time people looked up to the Fed and believed that they had the power to determine the future. There are still those true believers, who think the Fed can do no wrong. But history has taught us otherwise. While the rest of the world has been opening the monetary spigot at full blast, the Fed was tightening. Now that's all changed. And watch gold and silver continue to thrust forward. $...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
"We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce. . . . The stock market is going to continue to go down over the next 2 1/2 years."Part 1 (part 2 below)Part 2Charles Nenner founded, and is president of, the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities all over the world: hedge funds,...Read More
Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He i...Read More
Many are forced into prostitution and forced to sleep with up to 20 men a day for nearly no pay at all. Continue...Read More
Bill Binney is the former Technical Director of the National Security Agency. Bill blew the whistle on warrantless spying years before Edward Snowden released the evidence. Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares some of the charts he thinks are the most important for gold investors. Gold against foreign currencies is at an all time high but look at where gold is against the USD. There's a big disconnect there. Also the trend of gold moving down against the US markets has seen a major shift. These are a couple of the major factors to watch that will suppor...Read More
One way or another, we're going to have to address the $trillions of outstanding bad debts. Over the past decade, the world's central banks have distorted the price of money by bringing interest rates to record lows. With credit so cheap, asset prices have risen dramatically as companies and governments have borrowed to the hilt. And now with the "Everything Bubble" threatening to burst (perhaps i...Read More
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denve...Read More
Long-time stock market bull Jim Cramer says the U.S. economy is not on the verge of a recession, despite plummeting rates in the debt market. Continue...Read More
After two months of torrid gains for revolving, or credit card debt, moments ago the Fed reported in its monthly consumer credit report that in June US consumer Continue...Read More