GoldCore NoteGold prices are marginally higher today and look set to have their best monthly gain since June 2016.Spot gold was up 0.2% at $1,413.60 per ounce in late morning trading in Europe. Gold has risen over 8% this month so far. A monthly close above $1,400/oz will be positive from a technical trading perspective.Gold prices have surged to the highest since 2013 as the U.S. and global eco...Read More
Comparative National EmergenciesWhat Happens if There Is a Recession?On-Budget Versus Off-Budget DeficitsForget Turning Japanese, We Are Turning GreekWhere Will the Money Come From?Boston, New York, Puerto Rico, New York, Maine, and MontanaThis week is the fourth in a series of five open letters responding to a series of essays by Ray Dalio, the founder of Bridgewater Associates. His original le...Read More
OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahom...Read More
A major breakdown is in progress for the USDollar index. It has broken its intermediate uptrend which began in April 2018. Eighteen months of official rate hikesContinue...Read More
It is generally, if grudgingly, accepted that the "paper gold" markets - that is, the people trading futures contracts and options - are able to dictate the metal's price and have used this Continue...Read More
The bonds carry an annual yield of only 1.132%, yet demand exceeded initial estimates. Continue...Read More
PRIVATE BLOG – Gold Close of June 2019 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
A financial re-set could lead to the biggest political event in decades.The American financial system may be headed towards a crisis, unlike anything the U.S. has seen in the last 50 yearsOne financial guru is predicting a political event that could "reset" the financial system in ways that many Americans will never predict -- and it could lead to "a national nightmare."With growing inequality cau...Read More
Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose modestly as investors awaited news from the meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, at the G-20 summit. Apple's (AAPL - Get Report) chief design officer, Jony Ive, will be leaving the tech giant to start an independent design firm. Shares of App...Read More
Adam HamiltonArchivesJun 28, 2019 The gold miners' stocks just blasted higher to a major decisive breakout this week! Driven by gold's own huge bull-market breakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a game changer, starting to shift long-apathetic sector sentiment back towards bullish. This will increasingly attract back tr...Read More
The Friday Market Minute U.S. equity futures edge higher on the final trading day of the second quarter as investor await news of a key meeting on trade between Presidents Donald Trump and Xi Jingping.Trump and Xi will meet for around 90 minutes at 10:30 pm Eastern time today, with plans to talk trade, North Korea and Pacific region security.Trump says meeting will "at a minimum, be productive",...Read More
Despite the pullback, the gold rally isn't over just yet, and one expert is forecasting that prices will rise to around $1,480 an ounce in the next two months. "This move is just getting underway, and we're going to make another leg up to about $1,480 in the next two months," Bill Baruch, president of Blue Line Futures said on Thursday. The trader said that the combination of deteriorating global...Read More
David Becker23 hours ago (Jun 28, 2019 1:36 AM GMT)Gold prices rebounded on Thursday, ahead of Saturday’s meeting between President Trump and President Xi. Expectations are for the two to agree to restart discussions toward a trade deal. Both sides have cautioned market participants not to get too exuberant. US jobless claims rose more than expected putting downward pressure on US yie...Read More
"I am in no hurry, but things look very good! There will be no reduction in the Tariffs currently being charged to China."Continue...Read More
"We mentioned Huawei. I said we'll have to save that until the very end," Trump said during a post-summit news conference. "One of the things I will allow, however, is - a lot of Continue...Read More
The potential effects of the event on the copper market and the project's major joint venture partner are outlined in a BMO Capital Markets report. In a June 27 research note, BMO Capital Markets analyst Ed Sterck wrote that the fatal mine collapse from suspected illegal mining at the KOV open pit at the Kamoto Copper concession in the Democratic Republic of the Congo will impact Glencore Interna...Read More
The gold miners’ stocksjust blasted higher to a major decisive breakout this week! Driven by gold’s own huge bull-marketbreakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a gamechanger, starting to shift long-apathetic sector sentiment back towardsbullish. This will increasingly attract backtraders, wi...Read More
Max interviews Dan Collins for his thoughts on the Trump-Xi meeting that may happen at the G20 Summit in Osaka. They discuss the trade war, which side is winning and/or losing, and how a peace deal might be reached. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Reson...Read More
In the last few months, proponents of civil asset forfeiture reform have witnessed promising victories.Continue...Read More