At long last the gold bull market has resumed. With gusto! After breaking through the so-called $1363 resistance point, how much longer will $1500 take? Probably by the end of the year at the latest. Crypto's have gone full blown exponential. Where do they stop? And Trump, can you spell re-elect 2020. But there's plenty of challenges out there, not the least of which is exploding global debt. No o...Read More
President Trump did the smart thing last week by calling off a US airstrike on Iran over the downing of an American spy drone near or within Iranian territorial waters. According to press reports, the president over-ruled virtually all his top advisors - Bolton, Pompeo, and Haspel - who all wanted another undeclared and unauthorized US war in the Middle East.Is Iran really the aggressive one? When...Read More
Bitcoin rose above $11,000 on Monday scoring its highest level since March 5, 2018. Continue...Read More
The NBA has moved away from the term "owner" because it's too insensitive to black players, according to the NBA Commissioner Continue...Read More
Gold bulls are coming out of hibernation with even billionaires talking about how much they like gold. Continue...Read More
Bob Moriarty of 321 Gold looks at the latest moves of this company with projects in Nevada, Utah and Idaho. The nice thing about having been visiting hundreds of projects in almost two decades is that I find myself talking about properties I know quite well but are now under new management.Liberty Gold Corp. (LGD:TSX) used to be named Pilot Gold. As a pilot, I thought that was a wonderful name. T...Read More
“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, but i...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
With the FED holding rates steady and saying they will do whatever is necessary to keep the economy expanding, forecasts quickly flipped from expectations of more rate hikes ahead to near certainty of a rate cut this year. This move was inevitable given the underlying fragility of the stock market recovery. This turning point in FED policy is very significant and has lit the fuse on the next major...Read More
PRIVATE BLOG – Gold Hits $1421 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
COMMENT: Mr. Armstrong; I want to salute you on creating Socrates. Its forecast on gold was remarkable. When gold was starting to breakout on May 31, Socrates wrote concerning your breakout points:We did close below the previous session’s Intraday Projected Breakout Resistance indicator which was 129370 settling at 129240 gesturing that the market is not in a breakout mode at that precise mo...Read More
In a column last week, I mentioned that my daughter was participating in the USA Surfing Championships. Well, I'm happy to say that she made the final for her age group and got invited to join the USA junior Olympic development team as well.Of course, not everything went perfectly.During the early part of her final heat, a massive set of waves came through and detonated on her and another competit...Read More
Jun 25, 2019 Guest(s): Gianni Kovacevic Executive Chairman, CopperBank You may have noticed that your kids' gradation balloons were a little more expensive this year. It's due to a worldwide helium shortage that has rocked the global landscape.The helium shortage has led to a price surge of the gas, a contributing factor in the closure of 45 Party City stores across the U.S. this year alone. The...Read More