Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the universi...Read More
"Generating one digital currency unit by tying the one digital currency unit to a regular currency; storing information of the one digital currency unit into a Continue...Read More
Stocks look vulnerable in the second half of 2019, however, it's unlikely President Trump will allow an economic slowdown in election year 2020.Continue...Read More
At some point the precious metals sector will endure a sustained correction. That point does not appear to be imminent.Continue...Read More
Aug 05, 2019 Guest(s): Rick Rule President & CEO, Sprott U.S. Holdings The mining sector faced challenges in 2013 not unlike some of the challenges we see today, but while some hurdles remain, others have evolved. Rick Rule of Sprott Asset Management joined Kitco News on the sidelines of the PDAC 2013 convention in Toronto. While dwindling reserves was a threat to miners, "the other challenge, o...Read More
Aug 05, 2019 Guest(s): Doug Casey Founder, Casey Research The U.S. political landscape has never been as divided as now, and with the 2020 presidential elections coming up, we look back at founder of Casey Research, Doug Casey's comments on what consequences bipartisan Washington has on the economy. "I think, as I've thought for a long time, that we're heading for a disaster of genuinely histori...Read More
Frank Holmes of U.S. Global Investors drops in for a wonderful interview on why he believes Fed chair Jerome Powell's recent comments make it even more imperative for investors to own gold and tells us why he sees similarities in what we saw last year in palladium and what we're going to see in gold and silver. He also comments on a number of other topics as well.*The interview begins at 7:18Frank...Read More
Unemployment in the U.S. is at a half-century low and the S&P 500 is trading at near-record highs. Nevertheless, the Federal Reserve today trimmed interest rates for the first time since the financial crisis on stalled manufacturing growth and an anticipated world economic slowdown.The easing cycle may be the catalyst gold needs to outperform the market and retrace its monster bull rally in the...Read More
- Ronan Manly, Bullion StarThe US Federal Reserve's Federal Open Market Committee (FOMC) today announced a 0.25% cut in the influential US federal funds rate from a target range of 2.25% - 2.50% to a target range of 2.00% - 2.25%, a move which was closely watched and widely signaled, but which was the first such fed funds rate cut in over 10 years.As an official interest rate which affects...Read More
By: Ira EpsteinThis was an insurance rate cut. US is just starting to embark on easing rates. World economies race to bottom. One after another coming. What about gold? A strong dollar is not gold's friend, but don't fret..Read More
Gold and silver fell after the Federal Reserve stance on interest rate cut. There can be more fall today and tomorrow as well. Friday's US July nonfarm payrolls needs to come in below 100,000 for gold and silver bulls to revive. For now gold and silver bears have an upper edge. Traders and markets were way ahead on interest rate cut stance. The Federal Reserve chairman muted all those who were...Read More
President Donald Trump again shook markets with his Twitter feedAfter spending the first half of the day in positive territory, stocks fell off a cliff following President Donald Trump's tweets that the U.S. will be placing 10% tariffs on $300 billion ofgoods coming from China. The Dow was up more than 300 points at its intraday peak on hopes for more rate cuts, but ultimately closed with a nearly...Read More
Meanwhile, UnitedHealth helped MYGN shoot to the top of the Nasdaq After surging higher earlier on renewed hopes for another Fed rate cut, the major stock market indexes are sinking on a round of new tariffs on Chinese goods. Three names to watch in the meantime are healthcare stocks Myriad Genetics, Inc. (NASDAQ:MYGN) and Abiomed, Inc. (NASDAQ:ABMD), as well as oil issue Whiting Petroleum Corp (N...Read More
Palladium futures dropped by more than 7% on Thursday to log their largest one-day loss in over four months and leading broad declines in the New York metals market. The steep losses for the metal came as the U.S. dollar DXY, -0.23% touched a two-year high in the wake of the Federal Reserve monetary policy decision Wednesday. The U.S. central bank delivered a widely-expected quarter-point interes...Read More
One trader is rolling their call optionsThe second-best Dow stock today is IBM Corp (NYSE:IBM), up 2% to trade at $150.63 today. This comes after Morgan Stanley resumed coverage of the tech icon with an "overweight" rating and $170 price target. Plus, the upgrade has triggered unusual activity in IBM's options pits. More specifically, IBM has seen almost 45,000 call options change hands today -...Read More
Gold didn't see a bullish price reaction to the U.S. Federal Reserve's decision to cut key interest rates for the first time in a decade, but that doesn't come as a big surprise and gold still has lots of reasons to climb. Indeed, after gold futures settled lower Thursday, prices for the metal rallied past $1,450 an ounce in electronic trade to levels not seen since 2013 when U.S. President Donald...Read More
Gold didn't see a bullish price reaction to the U.S. Federal Reserve's decision to cut key interest rates for the first time in a decade, but that doesn't come as a big surprise and gold still has lots of reasons to climb. Indeed, after gold futures settled lower Thursday, prices for the metal rallied past $1,450 an ounce in electronic trade to levels not seen since 2013 when U.S. President Donald...Read More
Gold didn't see a bullish price reaction to the U.S. Federal Reserve's decision to cut key interest rates for the first time in a decade, but that doesn't come as a big surprise and gold still has lots of reasons to climb. Indeed, after gold futures settled lower Thursday, prices for the metal rallied past $1,450 an ounce in electronic trade to levels not seen since 2013 when U.S. President Donald...Read More
Gold futures settled with loss on Thursday after a Federal Reserve rate cut failed to stem strength in the U.S. dollar Prices for the metal, however, climbed in electronic trading Thursday afternoon, as U.S. President Donald Trump's latest threat of additional tariffs on Chinese goods lifted demand for the haven metal. In a tweet, Trump said that "trade talks are continuing, and during talks the U...Read More
Gold futures settled with loss on Thursday after a Federal Reserve rate cut failed to stem strength in the U.S. dollar Prices for the metal, however, climbed in electronic trading Thursday afternoon, as U.S. President Donald Trump's latest threat of additional tariffs on Chinese goods lifted demand for the haven metal. In a tweet, Trump said that "trade talks are continuing, and during talks the U...Read More