The PBoC set the yuan's reference point higher than expected today, cooling tensions Dow Jones Industrial Average (DJI) futures are signaling a positive session today, after yesterday's dramatic trade-induced sell-off produced the worst trading day of 2019. Futures are more than 100 points above fair value this morning, after the White House declared China a currency manipulator -- and in respon...Read More
A close in gold below $1476 will activate a short trigger on a monthly signal, automatically activating the targets below.The next targets below are $1465 to $1471.A close below $1450 will activate the yearly, monthly and daily short signals, activating short trigger points with targets below the mean at the $1400 to $1363 levels.Based on the forecast we published on September 28, 2018 for the fol...Read More
A fund flow comparison on this wildly disparate pair of triple-leveraged ETFs is eye-openingIn case you neglected to tune into the second half of last week's trading, suffice it to say that investors were extremely skittish in the wake of Fed Chair Jerome Powell's post-interest rate cut remarks. After the top central banker described the much-anticipated easing move as a "midcycle adjustment," tho...Read More
ACN is seeing support at the rising 40-day trendlineConsulting name Accenture Plc (NYSE:ACN) has been climbing the charts long term, and following its recent pullback, is nearing the historically bullish 40-day trendline. The stock has bounced from its 40-day moving average several times over the course of its 37% year-to-date gain. With ACN having worked off its late-July overbought condition and...Read More
Financial market uncertainty and accommodative monetary policy will likely support gold investment demand.Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information.Weaker economic growth may soften gold consumer demand near term, but structural economic reforms in India and China will likely support long-ter...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down more than 700 points, or nearly 3%, Monday in its worst day of the year as China hit back at President Donald Trump's move to accelerate tariffs on China-made goods by allowing the yuan to slip to the lowest levels against the dollar in more than a decade. Tyson Foods (TSN) share...Read More
The Monday Market Minute Global stocks tumble to fresh multi-month lows as China hits back at U.S. Tariff moves with a weaker yuan and suspends agricultural purchases.PBOC allows the yuan to fall below the 7 mark against the dollar for the first time since May 2008, risking the ire of President Donald Trump as tensions between the world's two biggest economies escalate.Asia shares fall the most...Read More
Bob Moriarty ArchivesAug 6, 2019In late 2008 during what is now referred to as the Great Financial Crisis, government and financial managers had an opportunity to reset a badly out of balance dysfunctional banking system. It would have required pain from bank bondholders, shareholders and taxpayers in general. Everyone recognized the banks were burning down, seemingly out of control.We should have...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 6, 2019 Is China a currency manipulator?For one possible answer to this question, please click here now. My view is almost identical to Kyle’s; China’s government is manipulating its currency... higher! Trump’s tariff tax obsession may be somewhat comical, but it is c...Read More
Craig HemkeSince late May, the price of COMEX Digital Gold has been on a tear with a rally of over $200. Will this surge continue? Perhaps more importantly, can this surge continue?First of all, and so that we're on the same page, none of this should come as a surprise to regular readers. Since last November, we've been stating that 2019 would show the best gains for the precious metals since 20...Read More
COLORADO SPRINGS, Aug. 06, 2019 -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold and 467,484 ounces of silver, which along with base metal revenue generated $29.4 million in net revenue and $1.8 million, or $0.03 per share, in net income for the quarter. The Company maintai...Read More
Dave KranzlerA Global Race To Zero In Fiat Currencies......ushers in the restoration of price discovery in the precious metals market. The price of gold is at or near an all-time in most currencies except the dollar. This summer, however, it would appear that the dollar-based valuation of gold is starting to break the "shackles" of official intervention and is beginning reflect the underlying fu...Read More
1. Is China a currency manipulator? For one possible answer to this question, please click here now. My view is almost identical to Kyle's; China's government is manipulating its currency... higher!2. Trump's tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China's currency. That's because foreign and domestic investors are moving significa...Read More
GoldCoreGold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S.Gold in USD - 10 Years - GoldCore.comGold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold's highest level in dollars in more than six years (see chart) and gold reached all time record highs (...Read More
By Avi GilburtFor weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a "fake," whereas another has been strongly suggesting that investors fade this rally, with many more supporting their opini...Read More
Richard (Rick) Mills The long-anticipated US Federal Reserve decision last Wednesday to notch interest rates downward was, like most of these over-hyped meetings, anti-climactic. Since the central bank in June hinted that a rate cut was in the offing, North American stock markets have trended up, but they took a hit on Wednesday following the Fed's decision to only lower rates by a quarter...Read More
By: Ira EpsteinGold's daily chart, set a bear trap last week. 18 week MA is $1,437 level. Base formed around $1,450 area..Read More
After the release of US July nonfarm payrolls, I thought I will be an easy week to trade and invest. Continuous flow of news like branding China a currency manipulator will only increase volatility. There is now no reason for crude oil to rise. Chinese slowdown and India slowdown should result in demand led price fall. To me crude oil prices should fall fifteen percent at least in the short term...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
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More