The Federal Reserve cut interest rates on Wednesday(July 31, 2019) for the first time in more than a decade.It was tryingto keep America’s record-long economic expansion going by insulating theeconomy from mounting global threats. Source: US Federal ReserveAugust 1, 2019, just a day after Fed rate cut.USPresident Donald Trump said the US would place a 10 per cent tariff on $300bn i...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
QUESTION: Marty, Socrates has done an amazing job forecasting gold all by itself. What I find stunning is gold is rising but so is the dollar. This once again points out that all this gold analysis that it will soar because the dollar is fiat and will go to zero seems really absurd. You have warned that during the early stages gold will rise with the dollar. That is unfolding yet it is going unnot...Read More
Currency manipulator!Today we point an indignant and accusing finger at the latest currency manipulator.Let all proper authorities take notice.The accused is not China - incidentally.But we cannot proceed without first noting another manipulated market...The stock market presented a distressed scene this morning.Plunging bond yields are the explanation widely on offer (falling yields reflect a poo...Read More
One of the crucial insights in currency trading that many investors fail to grasp is that currencies don't go to zero, and they don't go through the roof. That's a generalization, but an important one. Here are the qualifications:This observation applies to major currencies only - not to currencies of corrupt or incompetent countries like Venezuela or Zimbabwe. Those currencies do go to zero throu...Read More
Aug 08, 2019 Guest(s): Todd Gordon Founder, TradingAnalysis.com The Fed's dovish position is likely to send gold several hundred dollars an ounce higher in six months, this according to Todd Gordon, founder of TradingAnalysis.com. "I don't think this is the birth of a new gold market. I do see upside though, into the $1,500s, $1,600s, potentially $1,700 but unfortunately I think at that point th...Read More
Gold and silver prices continue to push higher. They're starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver's performance has so far trailed gold's.Let's take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver.I plotted the annual trading range of the gold price since 20...Read More
Trade wars, escalating tariffs, China devaluing their currency while unloading US Debt and stockpiling gold, ?EUR
"This morning, Twitter locked our account for posting the video of real-world, violent threats made against Mitch McConnell. This is a problem with the speech police in America today," Continue...Read More
Discussed in this interview:06:05 Investment habits: Buy the fear, sell the euphoria08:51 Gold and silver as insurance13:38 Light up the Cuban for silver18:03 Gold to silver allocation18:43 Precious metals: Bullion or mining stocks21:38 Why the silver price sometimes lags behind the gold price24:49 Mining stocks performed well during big crises of the 21st century28:21 When silver hits $100Lior Ga...Read More
David discusses some of the unique things that are currently happening in the gold markets. European institutions are investing in gold since they can now get better returns than from negative-yielding bonds. Gold stocks have yet to move since most investors are complacent from the current bull market in equities. When the equity markets roll over in the next year or so you will see a large rally...Read More
As an increasing number of dangerous chemicals are banned in other countries around the world, they remain legal in the US. Continue...Read More
One of the crucial insights in currency trading that many investors fail to grasp is that currencies don't go to zero, and they don't go through the roof. That's a generalizationContinue...Read More
LONDON, 7 August 2019 - Results from a survey of BullionVault users feature today in a report on the outlook for gold prices from UK personal finance site Money Observer."BullionVault...reckons the rally is here to stay," says the article, detailing how far the trading exchange's customers believe prices could rise by year's end.Read the full report at Money Observer:Gold is glittering: will the r...Read More