The World Silver Survey 2019 Review, the institute’s annual World Silver Survey said that global silver demand hit a three-year high in 2018, surpassing more than one billion ounces, an increase of 4% from 2017.At the same time, global silver mine production fell for the third straight year, dropping 2% in 2018 to 855.7 million ounces.The top 10 silver producing countries are: Peru, Bolivia,...Read More
GoldSeekAugust 15th marks the 48th year anniversary since the end of gold backing the U.S. Dollar for international trade. Here is President Nixon announcing this dramatic monetary and other economic policies on August 15, 1971:Read More
Daniel R. AmermanThe discussion of negative interest rates in the United States has now officially gone mainstream, with the front page of the August 12, 2019 print edition of the Wall Street Journal carrying a prominent discussion of the possibility.Most of the article consists of various institutional investors talking about why this could be a real possibility. However, as will be explored he...Read More
David HaggithLet's take a look at how the average consumer is doing. I'll call this typical consumer "Bubba" because I just read an article that claimed "Bubba's doing better today than at any time since before the Korean War." It disgusted me because I found it to be such a disingenuous set of lies wrapped in half-truths, all contrived to pacify the trickle-down peasants as that philosophy cont...Read More
By: Ira EpsteinGold pushing upper end of the Bollinger bands resistance point. Momentum in gold still positive:Read More
Aug 16, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals Silver is "dirt cheap" at current levels and retail investors, particularly in Hong Kong, are jumping on the white metal, even more so than they are with gold, said Peter Hug, global trading director of Kitco Metals. "We're seeing extreme retail demand for physical silver out of our Hong Kong office and that has not occurred...Read More
Aug 16, 2019 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is u...Read More
For Part 1 of this interview, CLICK HERETopics include:- Big trouble for the US Dollar and the US bond market.- The world dumping US Treasuries.- Is China stockpiling silver, and who is helping them?- What's up with the United States' deteriorating foreign policy?- Big money is moving into gold & silver.Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a Ph...Read More
Are Chinese tanks ready to roll into Hong Kong?Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
?>>?Bill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.This event prods investors to chase increasingly risky-assets while forgetting safety.Key investing wisdom, "Be far more concerned b...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
"Our markets will remain incredibly volatile despite an economy that's doing well."Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Busines...Read More
Craig HemkeAs global interest plummets to historically negative levels and as the U.S. bond market reveals a deeply inverted yield curve it's time again to assess what all of this means for the precious metals investor.Just yesterday, a fellow on CNBC remarked that "no one had seen this coming". By "this", he meant a sharp rally in both gold and bonds. Oh really? We write these articles for Spro...Read More
By: Ira EpsteinGold still up on the week. This pullback may not have been a cap on the gold rally. Was this a one day event?Read More
Trump and his delay of additional trade tariff will not have any impact on gold and silver. Yesterday's fall was just an excuse to book some profit. Long term bullish factors such as de-dollarization, central bank buying and interest rate cut trend is here to stay. Even corrections up to $1370 (if any) will be a part of the bullish trend. Silver will rise. I do not foresee it falling below $158...Read More
A potential recession was the talk of Wall Street todayGrowing recession fears sparked heavy selling in stocks today. Traders responded to an inverted yield curve on top of ugly economic data out of China and Germany, sending the Dow to a monstrous 800-point loss. President Donald Trump weighed in on Twitter, calling Fed Chair Jerome Powell "clueless" and saying the Fed raised rates "too much & to...Read More
The banking sector is taking a hit after this morning's yield curve inversionWall Street has been rocked today by news of an inverted yield curve. The banking sector is getting hit the hardest, as evidenced in the price action in the Financial Select Sector SPDR Fund (XLF), which is down 3.2% at $26.13, breaching support at its 160-day moving average, which contained a pullback in late May. Bank s...Read More
The price action is echoing the panic selling on Wall StreetPanic selling has gripped Wall Street today following a rare yield-curve inversion. Among individual stocks making notable moves are ride-sharing name Uber Technologies Inc (NYSE:UBER), generic drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA), and molecular diagnostic specialist Myriad Genetics, Inc. (NASDAQ:MYGN). Here's a quick...Read More
Gold futures logged their highest finish since 2013 on Wednesday after another round of downbeat economic data, and as the temporary inversion of the main measure of the U.S. Treasury yield curve raised the risk of a recession. "Many theories describe the causal mechanism between yield inversion and recession, but the key point is a lack of confidence in the current interest rate environment-speci...Read More