- Craig HemkeLast week we wrote about how The Bullion Banks manage price through COMEX contract issuance. This week, let's take that one step further to see if recent history provides any context for where we are at present in this current bull market for gold.If you missed last week's post, I strongly encourage you to read it now, as understanding the processes by which The Banks manage price...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
What do you call an investment that has no risk, requires little - if any - money to start, is available equally to the rich and poor, is proven to improve your career prospects... can generate hundreds of thousands of dollars in savings over a lifetime? I call it good health.Although you might view spending on your health as a necessary expense, I'd argue it's an investment that will pay back d...Read More
Jul 11, 2019 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is u...Read More
Deutsche Bank had a big restructure over the weekend, leaving many concerned that a potential failure could be the spark to crash the markets. Given their massive derivative position, a Deutsche Bank failure could also potentially be the break point in the precious metals manipulation. Which means we were fortunate to have Dave Kranzler of Investment Research Dynamics (http://investmentresearchdyn...Read More
Poland is the latest country to withdraw its gold from the UK. Peter Schiff, CEO of Euro Pacific Capital joins Rick Sanchez to discuss the risks that countries take by storing their gold abroad. He argues that the US is a particularly dangerous place to keep gold given the expected collapse of the US dollar as the world's reserve currency and the US has a history of confiscating gold in times of e...Read More
"All a bank is relegated to is a dumb node that holds fiat currency in electronic form at a central bank." Continue...Read More
It's no secret that US oil/gas output has been skyrocketing. In fact, some are predicting that within a few short years, production will hit 17mm barrels per day. Just 10 short years ago, the experts were forecasting declining American production and increased dependence upon imports. What a difference a decade makes. Of course there are challenges. Environmental wackos, tight pipeline capacity, t...Read More
Kitco's Peter Hug joined us for a review of the recent action in the precious metals and the beginning of gold's new bull market. He believes that a lot will have to do with the Fed's approach to cutting rates. Peter believes that the Fed will take a more cautious approach and cut 25 basis points at the next meeting. If they go higher, it could be a real boost. Once gold breaks the next resistance...Read More
Jerome Powell chummed the seawater this morning. And the voracious sharks rose to the bait… In written testimony to Congress, Mr. Powell informed us that:Crosscurrents have reemerged. Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened. Since [the Fed meeting in June], based on incoming data and other developments, it appears that unce...Read More
"Maintaining a healthy weight is not only good for the mother, but also for the children, too."Continue...Read More
By: Ira EpsteinThis week is focused on 2-day testimony by Fed Chairman Powell. We will get his views on interest rates. Gold market still in an uptrend, but nearing 18-DMA at $1386.70Read More
There is now a very small section of traders and investors who believe that interest rates may not be cut in end July FOMC meet. Federal Reserve chairman's testimony will clarify on the interest rate cycle. In my view interest rates will be cut this month by 0.25% or something lower as a token and thereafter it can be long pause. Incoming US economic data releases will also determine the interes...Read More
The Nasdaq and S&P kept their heads above water, thoughThe Dow spent the entire session in negative territory, pressured by sharp losses for newly downgraded Post-it maker 3M (MMM), ending lower for a third straight day. Anxiety continued to build ahead of Fed Chair Jerome Powell's appearance in front of the House Financial Services Committee tomorrow, while the minutes from the Fed's June meeting...Read More
J.P. Morgan Securities downgraded the shares to "underweight"The hotel name Ryman Hospitality Properties Inc (NYSE:RHP) is eyeing its worst day since December, down 3.6% at $77.79, on a downgrade from J.P. Morgan Securities. The analyst -- which said they're exercising caution on U.S. lodging companies, given the industry's recent trends and share performance -- cut their rating to "underweight" f...Read More
Cohu said U.S. restrictions on Huawei is hurting its customers' businessCohu, Inc. (NASDAQ:COHU) stock hit a two-year low of $13.86 earlier, and was last seen down 5% at $14.31. The California-based semiconductor testing firm said last night that recent U.S. restrictions on Chinese tech firm Huawei is hurting its customers' business, and the company will implement a temporary salary reduction prog...Read More