By: Ira EpsteinGold in an up-thrust but in a congestion area:Read More
Fed Chief Powell supposedly has strong support inside Congress to fend off Trump's calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday's Wall Street Journal: 'Powell's Support Inside Congress Is Deep'. And here was the sub-hed, in case you missed the point: 'Lawmakers on both sides say they would oppose any bid to oust the Fed chai...Read More
Trend for gold and silver is bullish. Interest rate cut towards the end of the month has been confirmed by the Federal Reserve chairman. If gold rises very sharply till Monday, then value based buying in silver should catch and there can be some rise. I am quite confident that silver will break free from the recent consolidation phase by next week. Tensions in the Persian Gulf can result in hi...Read More
Bloomberg captures the mood on Wall Street:“Traders Take Fed Message as License to Buy Everything.”Jerome Powell had his telegraph out yesterday… and wired a message of approaching rate cuts.Federal funds futures give the odds of a July rate cut at 100%.They further indicate three are likely by January.And like sugar-mad 8-year olds amok in a candy store... traders are out for ev...Read More
A lot of Americans diligently save up for retirement, but it doesn't occur to most to plan for home renovations in their later years. It can be hard to picture yourself having trouble with stairs, using a walker or wheelchair or needing assistive devices in the shower. But three quarters of Americans aged 50 and over say they want to remain in their homes as they age, according to a survey by AARP...Read More
Jul 12, 2019 Guest(s): Jeff Tomasulo Founder & CEO, Vespula Capital A recession is a natural part of the business cycle, and policy makers should not be artificially propping up the economy, said Jeff Tomasulo, founder and CEO of Vespula Capital. "My view on it, and this has been my view for the last nine years, is that I don't want a market manipulator in there. I don't want the Fed to get as i...Read More
Gerald Celente recalls what he saw at the beginning of the Ross Perot campaign (that he predicted) and weighs in on whether Deutsche Bank is another Lehman Brothers, interest rates, and predictions on gold, Iran & the 2020 electionGerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for an...Read More
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. 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
A new scientific study could bust wide open deeply flawed fundamental assumptions underlying controversial climate legislation and initiatives such as the Green New DealContinue...Read More
The farming industry in America has become so brutal that banks are drastically decreasing loans they issue to farmers.Continue...Read More
- Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold lower just a few minutes after trading began at 6:00 p.m. EDT on Sunday evening in New York. It began to recover about fifteen minutes later -- and managed to crawl higher...back above the $1,400 spot mark. The high tick was set a few minutes after the London open -- and it didn't do much from there until 'd...Read More
Legendary investor Jim Sinclair and his business partner Bill Holter say Gold is going much higher. It's a mathematical certainty. Sinclair says, "You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I think much more. . . . In the second reset, that will take gold to a price where it...Read More
Stewart Thomson, Graceland Updates 1. While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout. 2. Please click here now. Double-click to enlarge this important monthly gold chart. The bottom line:3. Breakouts are fun. Pullbacks are not!4. My advice to investors:...Read More
The second half of the year is setting up favorably for the precious metals sector, which was led in the first half by gold and gold mining stocks.Of course, the Wall Street-beholden financial media is largely ignoring metals and mining - preferring instead to give celebratory coverage to every move toward new highs in the Dow and S&P 500."The Dow Jones Industrial Average rallied 7.2% this month...Read More
By: Ira EpsteinGold right at 18-DMA support, battleground. Completed leg to the downside, battle underway. Gold not overbought anymore:Read More
By Avi GilburtThere is an old adage that bulls get fat, bears get fat, but pigs get slaughtered. I guess that is another way of saying to not overstay your welcome on one side of the market and to know when to take profits.This is how I felt about bonds last week.But, before I explain, let me take a moment to recap our history and perspective on bonds. For those that followed our work over the y...Read More
The head of the U.S. central bank struck a dovish tone in his congressional testimonyStocks sailed to fresh highs today, as Wall Street cheered congressional testimony from Fed Chair Jerome Powell, which indicated the central bank could be ready to cut interest rates at its July meeting. In front of the House Financial Services Committee , Powell cited concerns over a slowing global economy -- a t...Read More
Gold is off to a weak start to July caused by less dovish Fed expectations after the June jobs report.Speculators lifted their net long position in Comex gold for a fifth straight week over June 25-July 2.ETF investors bought gold at a modest pace during the first week of July.As recession fears grow, haven demand for gold is likely to increase in the coming months.China's central bank appetite fo...Read More
SunPower options are attractively priced at the moment, tooWhen we last checked in with SunPower Corporation (NASDAQ:SPWR), the solar stock was fresh off its best day since 2013. Now, three weeks later, SPWR is flashing another signal that indicates its recent surge could be far from over. Yesterday, SunPower stock nabbed a three-year high of $12.79, and has more than doubled in 2019 alone. Even...Read More