Gold has broken through five-year resistance in USD terms, but is already at new highs in AUD and SEK and near all-time highs in CAD and JPY.Gold's next move in dollar terms depends on the Euro this summer.The UK staying in the EU would send the euro higher along with gold.A no-deal Brexit could send the euro flying in either direction.If the euro gets a bid after Brexit, gold will continue to...Read More
DE is fresh off its fifth straight weekly winThe shares of Deere & Company (NYSE:DE) are up 1.2% in electronic trading this morning, after a big upgrade from Jefferies. The brokerage firm raised its rating on Deere stock to "buy" from "hold," while goosing its price target up to $190 from $150, record-high territory. The analyst in coverage sees higher prices and incomes on the horizon now, thank...Read More
Traders could be taking a wait-and-see approach todayFollowing another weekly win, U.S. stock futures are trading cautiously above fair value this morning ahead of what could be a somewhat quiet day on Wall Street. Grabbing headlines is the growing conflict between the U.S. and Iran, with the Trump administration set to place additional sanctions on the Middle Eastern nation today. Investors also...Read More
If this bullish chart pattern plays out, it could take skittish fund managers by surprise"A full-fledged V-rally would push the SPX back to highs in the 2,950 area, but during the next two weeks -- up until June standard options expiration -- the SPY must first overcome peak call open interest at the 290 strike, which is equivalent to SPX 2,900. Many of the SPY 290-strike calls were bought to open...Read More
(Updates with closing prices)By Peter HobsonLONDON, June 24 (Reuters) - Copper prices slipped on Mondayas doubts over the outcome of U.S.-China trade talks later thisweek overshadowed the effect of a weaker dollar and supplydisruption in Chile.Benchmark copper on the London Metal Exchange (LME)closed 0.2% lower at $5,960 a tonne, down from a one-month highof $6,027 on Thursday.The metal used in po...Read More
Bob Moriarty ArchivesJun 24, 2019Aurania seems to have turned into one of those bad news/good news stories. Keith hasn’t found theLost Cities Gold mines. Yet. However, his team of crack geologists led by Dr. Richard Spencer may have stumbled across something a lot bigger and more valuable.Theymay have discovered the first Kupferschiefer copper/silver depositfound or at least recognized in th...Read More
Bob Moriarty ArchivesJun 24, 2019Gold bulls are coming out of hibernation with even billionaires talking about how much they like gold. That tends to happen just before a correction. The gold bulls get frothy around the mouth; speculators pour money into gold contracts just in time to get whacked once more so they can whine about how gold and silver are manipulated and no one saw it coming.I&rsquo...Read More
June 21st, 2019(S14-E701)Featured GuestsDr. Chris Martenson& Bob HoyePlease Listen HereInterview RecapIn Part II of the discussion with Dr. Chris Martenson of PeakProsperity.com, author of Prosper! returns.Our guest thinks silver which market price is below the cost of production, an extremely apealing bargain.Robert Ian stops by with an impromptu, must-hear editorial.Dr. Martenson is a str...Read More
- Michael J. Kosares"For twelve consecutive years, gold was up every single year whether there were inflation fears, deflation fears; strong dollar, weak dollar; political stability, political instability. It didn't matter - strong oil, weak oil. . . Gold went up for twelve years. . . When gold embarks upon its next move, I believe that you will see that long wave take gold relatively quickly, b...Read More
- Keith Weiner, Monetary MetalsLet's start with Frederic Bastiat's 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass guy is making money (to which all we can say is, "plus ?a change, plus c'est la m?me chose"). Basti...Read More
StrengthsThe best performing metal this week was gold, up 4.26 percent. Gold traders and analysts were surprisingly neutral on their price outlook for the yellow metal after it hit a five-year high this week and broke above $1,400 per ounce. Bullion got a huge boost after the Federal Reserve kept interest rates unchanged on Wednesday...Read More
By Avi GilburtBack on May 24, I authored my first article on gold in quite some time. As I noted in that article, there was not much for me to say until that time, as gold was clearly within the consolidation/pullback phase I had expected months before that.Within the May 24 article, I highlighted that gold was at a potential bottoming phase, but that it was at an inflection point. If it were a...Read More
- SRSrocco What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching the price action of the yellow metal quite carefully. And if you think that these large traders and institutions...Read More
By: Ira EpsteinUS Dollar took a beating, FOMC leaning on cutting interest rates. One of the board members wants a 50bps cut already. If China and US get together at the G20 then things can change:Read More
Here are three numbers to jot down to get an accurate and potentially useful 'read' on the aging bull market: 27,436, 28,738 and 33,161. These are 'Hidden Pivot' resistance targets for the Dow Industrials, and any one of them could stop the bull in its tracks. Each is a good place to attempt getting short with a tight stop-loss, but if the stop gets pulped, assume that the next-higher target...Read More
If you buy gold in US dollars, you're in luck, because whether you realize it or not, you have made a killing against almost every other currency in the world. It may be hard to believe with gold about 25% below its all-time US-dollar high, but 72 different countries have seen gold hit an all-time high in their currencies this year. Like in Canada. Live north of the United States border, and this...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
You've been listening to John Rubino and myself talk about this inevitable event for over 7 years. Now here it is. Sometimes inevitability takes longer to happen than others. But that now that it has, where do we go from here? $1500, 2000, 2500 gold. Silver $50, 75, 150. The skies the limit baby, so get ready now. It's happening!John Rubino is the founder and manager of the popular financial websi...Read More
Market-Watchers around the world are focused on the Strait of Hormuz again today, as the U.S. president imposes sanctions over the downing of a US military drone. Rick Rule of Sprott Holdings is on hand to help us tap into the consequences of conflict on oil prices, and what we can expect in the sector going forward.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began...Read More
It's been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates Continue...Read More