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
Jun 25, 2019 Guest(s): Robert Duncan Senior VP&Portfolio Manager, Forstrong Global Fear sentiment flowing through the marketplace is a little overdone, according to Rob Duncan, senior vice president and portfolio manager at Forestrong Global. Talking to Kitco News on the sidelines of the recent Inside ETFs Canada investor conference, Duncan said investors don't need to get overly defensive at th...Read More
"I have never seen this kind of cooperation from Mexico before in terms of immigration."Continue...Read More
PRIVATE BLOG – Gold Hits $1432 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
Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
The NASDAQ bubble that existed two decades ago contained a plethora of internet companies, such as Pets.com, that proved in the end to having a non-viable business model. Continue...Read More
We are nearing an important trendline break to the upside in silver.The gold to silver ratio indicates silver has plenty of room to run higher in the coming years.Sentiment remains quite bearish and supportive of a multi-year upmove well beyond $20 an ounce.The math says we can challenge all-time highs around $50 in 3-5 years, and possibly reach triple-digit $100+ territory in 7-10 years.Record gl...Read More
The past few years have been a feeding frenzy for most major asset classes. Stocks blew through previous highs, as did trophy real estate, fine art, and, most recently, Treasury bonds. Continue...Read More
’ve always said that gold built out one of the most beautiful bull markets of all time between the 2001 low and 2011 high. From a Chartology perspective it just doesn’t get any better. During the bull market years I called this weekly bar chart, “JUST ANOTHER BRICK IN THE WALL, because each consolidation pattern marked another brick in the wall.The reason I’m posting this c...Read More
The US Federal Reserve, the country’s central bank, did what many expected on Wednesday, and held interest rates steady, while signaling that a rate cut is on its way.Despite pressure from President Trump to lower interest rates, the Federal Open Market Committee (FOMC) concluded after a two-day meeting that it will stay pat for now, meaning no change to the 2.25% to 2.5% range on the federa...Read More
The Fed has already accomplished more with its verbiage so far this year than it had in the past when it cut rates multiple times, all the way down to near-zero, and did trillions of dollars of QE. And we're seeing the first results.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds...Read More
Bob Moriarty of 321gold urges caution as the gold bulls revive. Gold 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...Read More
Bob Moriatry of 321gold examines the potential of a new discovery in Ecuador. Aurania Resources Ltd. (ARU:TSX.V) seems to have turned into one of those bad news/good news stories. Keith hasn't found the Lost 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.They may have discovered the first...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended down Friday, but held onto most of the week's gains following reports that President Donald Trump ordered, but then rescinded, an airstrike on military installations in Iran. Shares of Canopy Growth (CGC - Get Report) tumbled after the company posted a wider loss on better-than expected reven...Read More