(Updates with closing prices)By Peter HobsonLONDON, July 3 (Reuters) - Copper prices were stuck near atwo-week low on Wednesday as uncertainty over U.S.-China tradetalks injected pessimism into the demand outlook and stockpilesin London Metal Exchange (LME) warehouses jumped to the highestin a year. Benchmark copper on the LME closed up 0.5% at $5,918a tonne after slipping to $5,840, the weakest s...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 posted a record closing high even as investors worried about a fresh U.S.-EU tariff dispute. Anheuser-Busch InBev (BUD) rose on news that the world's biggest brewing company and maker of Budweiser beer is planning a Hong Kong listing of its Asian business that could raise around $10 billion. Amarin (AMRN - Get...Read More
The Tuesday Market Minute U.S. equity futures are set for modest opening bell as global stocks continue to grind higher following the weekend trade truce between Washington and Beijing.Risk sentiment remains cautious, however, as a brewing trade dispute over aircraft subsides threatens a fresh tariff spat between the U.S. and Europe and global factory output sinks to its lowest level s...Read More
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I'd expected another two weeks of corrective action myself after bullion's impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least 1446.90. If so, that would be a new recovery high and an encouraging sign that even b...Read More
By: Ira EpsteinGold needs to break $1,427.80 then $1,446. Something is brewing in gold:Read More
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I'd expected another two weeks of corrective action myself after bullion's impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least 1446.90. If so, that would be a new recovery high and an encouraging sign that even b...Read More
By: Ira EpsteinGold needs to break $1,427.80 then $1,446. Something is brewing in gold:Read More
David BeckerJul 01, 2019 10:28 PM GMTGold prices were hammered on Monday as the dollar gained traction and riskier assets are buoyed as market sentiment improved in the wake of the G20 meeting. Trump delayed additional tariffs on Chinese goods while talks resume, and China said that it would resume purchasing agricultural products. Existing tariffs will remain in place. Geopolitical te...Read More
When last we left the 3 Metallic Amigos... I can't remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here's today's update on these Amigos.Gold is testing the high today after not even pulling a 38% Fib retrace. A real bull market launch may not pull...Read More
- David HaggithIf you're a Trump supporter, you're going to hate this article and love it; likewise, if you are a Trump hater. I am going to lay out evidence that Trump is either the biggest moron of a president the US has ever had but also my own 4-D chess explanation that would make him cunning if true. Which is true, I have no idea; but I will lay out equally strong arguments for either vie...Read More
- Gary ChristensonCity One: DebtapolisIn this fictional world a financial genius and his offspring executed a brilliant plan over several centuries.The government authorized his bank to create and print paper money, backed by gold or silver.The bank accepted gold, silver and other valuables as deposits into its vaults, and loaned paper money to governments, businesses, politicians, and individ...Read More
The prime reason for the rise in gold is short covering apart from recession concerns. Trade war is here to stay. IMF chief Lagarde moving to lead European central bank chief is also one the possible reason. Investment demand is on the higher side with every rise in gold price. Hopefully silver will now try and catch up with the gold price rally. Opec has expressed concerns over a weak demand....Read More
For Part 1 of this interview, CLICK HERE- Some gold buyers and investors in online gold platforms are "having difficulty getting their gold ... and their cash"- "Hearing more and more unfortunate stories and I will not mention names" - Jim Willie- Physical gold and silver are safe havens but only if you own coins and bars in the safest of ways- Do not hold gold in a pool allocated format via a web...Read More
Danielle DiMartino Booth of Quill Intelligence says she is concerned that having the IMF's Christine Lagarde as the ECB chief could cause the public to perceive the central bank as being more political and possibly less independent.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,...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
David McAlvany, President of the McAlvany Financial Companies, explains his view for a weaker dollar and how it affects the markets, gold and commodities.Read More
For Part 1 of this interview, CLICK HERE"I always say the same thing...right now, people say 'well, I can't afford gold,' then buy silver. Silver is so undervalued today. I can buy silver for two bucks, I can go to a coin dealer and buy a dime for two bucks, ten cents for two bucks, so everybody can do something to get what I call real money, not fake money." Robert Kiyosaki is best known as the a...Read More
Ronald discusses the potential for trust problems within the banking system and why these types of issues can happen quite quickly. His annual report "In Gold we Trust" looks at the problems looming in the financial sector.Trust in the political system, media, and science all appear to be crumbling at the moment. However, trust in the economy and the U.S. dollar remains reasonably stable. A moneta...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The yield on the 10-year Treasury continues to fall lower in a sign that things in the economy may not be as rosy as some would have you believe.Continue...Read More