- 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
Stock market indexes are currently at record or near record highs, even as the chances for recession within the next 1-2 years seem to be rising. So how great would the losses be from these record heights, if the business cycle continues and we get another round of recession and bear market?As explored in this analysis and as shown in the graph above, there is a strong case that a new recession...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
Links to slides and sources: https://www.itmtrading.com/blog/is-de...It's a long way down from being the second largest bank by assets, in 2007, to the walking zombie bank that Deutsche is today. And while central bank QE free money and several funding rounds have enabled this zombie to keep walking, a large client hedge fund run has begun, as RenTech, one of Deutsche's largest hedge fund clients,...Read More
TV's "Mr. Wonderful" says that the president has deregulated the economy in a powerful way.Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To k...Read More
Saudi Arabia will now let adult females travel without permission. Continue...Read More
"For this operation, our investigators were able to confirm that the individuals behind this are associated with the government of Saudi Arabia."Continue...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
Trump's intraday market Tweet about new 10% tariffs on $300 billion dollars of Chinese goods caused US stocks to tumble, the US Dollar to stop its rally to 99 or higher on the Dollar Index and a big spike in US Dollar gold prices.Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall S...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The reported break-in came around four hours before President Trump blasted Cummings over Twitter for representing a "disgusting, rat and rodent infested mess."Continue...Read More
"Every black person I know has always voted Democratic and with the exception of a few guys who can play sports, all those people are still poor."Continue...Read More
"Secretary Esper is looking at the Joint Enterprise Defense Infrastructure (JEDI) program. No decision will be made on the program until he has completed his examination."Continue...Read More
"US manufacturing has entered into its sharpest downturn since 2009, suggesting the goods-producing sector is on course to act as a significant drag on the economy Continue...Read More
Production, costs, guidance and financials of this miner are reviewed in this CIBC report. Gold barsIn a July 30 research note, CIBC analyst Cosmos Chiu reported that Alacer Gold Corp.'s (ASR:TSX; ALACF:OTMKTS; AQG:ASX) "Q2/19 results included solid production and better-than-expected sales that drove an earnings per share beat."Chiu reviewed Alacer's production and related cost during Q2/19. The...Read More
Recent results include the best drill intercepts there to date. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it confirmed through drilling a 1-kilometer-long, northwest-trending, high-grade oxide gold zone at Black Pine in Idaho."The new drill results represent some of the best and highest grade unmined drill intercepts on the property, as measured by grade multiplied by...Read More
Recent drill results prompted mobilizing a second rig to boost exploration efforts. Tudor Gold Inc. (TUD:TSX.V; TDRRF:OTCMKTS; TUC:FSE) announced in a news release that its phase 1 drilling in the Goldstorm zone of its flagship Treaty Creek project yielded encouraging results. The best near-surface intercept obtained so far at the Golden Triangle property in British Columbia came from diamond hol...Read More
Based on the results, this Canadian company will continue advancing this project in Idaho. Otis Gold Corp. (OOO:TSX; OGLDF:OTCMKTS) announced in a news release the preliminary economic assessment (PEA) on its Kilgore gold project in Idaho is done and shows "highly attractive economics."The report outlines an open-pit, heap-leach operation producing 112,500 ounces of gold per year over a 4.9-year...Read More
Silver, the precious metals coiled swing has just given us a taste of what to expect as the price shot higher during July, last trading at $16,56, up 12% since my analysis of 10th June ($14.74). Silver had been lagging the gold price all year, even entering into a downtrend early July that resolved in a $2, 15% surge higher as the following Silver / Gold graph illustrates. My analysis of 11th June...Read More