The market is now in position to crash. This is not something that will arrive as "a bolt out of the blue" - it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page...Read More
By: Dave KranzlerTrump's trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and understand the truth.The Global Manufacturing PMI (Purchasing Managers Index) dropped to 50.4 - the lowest since July 2...Read More
Hoover, Smoot & HawleyMultiplayer Game TheoryTrade SandpileVictim ListLopsided PollsThe Seven-Body ProblemPublisher's Note: John Mauldin is recovering from a minor illness. He'll be back next week. Meanwhile, with trade disputes still roiling markets, below is a still-timely letter he wrote last year. You should definitely read it again. Ed D'Agostino"A conservative is someone who stands athw...Read More
A special webinar presentation with David Stockman, Chris Martenson and Adam Taggart.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse...Read More
In the past, the Treasury market was terribly wrong about this. In these instances, the 10-year yield had no predictive quality. It was just a stupid move that then self-corrected brutally. The last such idiocy happened in 2016. The good folks who made that move are still ruing the day.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years o...Read More
You'd think that the more trouble the US causes around the world, the weaker the dollar would trade. Who, after all, wants to own the currency of the country Continue...Read More
Gold rose more than 1% on Monday to its highest price in more than nine weeks Continue...Read More
How you can transform lagging indicators into leading indicators.No one ever said trading was going to be easy.Sometimes, do-it-yourself investing can feel about as scientific as throwing darts... and many traders give up, unable to figure out how they can break through the endless cycles of mediocre - or even straight up abysmal! - results.And when even the supposed "market gurus" or "experts" do...Read More
A financial re-set could lead to the biggest political event in decades.The American financial system may be headed towards a crisis, unlike anything the U.S. has seen in the last 50 yearsOne financial guru is predicting a political event that could "reset" the financial system in ways that many Americans will never predict -- and it could lead to "a national nightmare."With growing inequality cau...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average posted its sixth straight weekly loss Friday after President Donald Trump threatened to impose tariffs on Mexican imports. Automakers were hit hard by the proposed tariffs, with shares of General Motors (GM - Get Report) and Ford (F - Get Report) both falling on Friday. Shares of Uber Technol...Read More
Adam HamiltonArchivesMay 31, 2019 The silver miners' stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners' ongoing s...Read More
When it comes to recognition as "money" and a "store of value," bitcoin outcompetes gold on its practicality and versatility, said Clem Chambers, CEO of ADVFN and author of the bestseller "101 Ways to Pick Stock Market Winners." "I could not take enough gold out of the country for it to be useful to me if I had to leave the country; if I was a South Korean and I thought the North was going to dr...Read More
The Friday Market Minute Global stocks slide, bond yields surge as President Trump made a surprise move to apply tariffs on U.S. imports from Mexico.Asia stocks manage small month-end gains, but the Nikkei 225 falls 1.6% as carmakers with Mexican facilities slump and the yen surges in safe-haven trading.European stocks nurse heavy opening bell losses as trade concerns are added to the region's p...Read More
James Hyerczyk15 hours ago (May 31, 2019 9:47 AM GMT)Gold futures are trading higher on Friday, putting the market in a position to finish the week and the month with solid gains. It took a while for gold prices to get rolling to the upside in May. The fundamental events were there, but buyers first had to establish support and a value zone.The price action indicates that the value area is a techn...Read More
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More
Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to p...Read More
Money manager Adrian Day discusses recent results from Midland's drilling at Myrthril, as well as recent results from several other major gold companies, noting some are good buys. Midland Exploration Inc. (MD:TSX.V) (0.95) released its eagerly awaited maiden drilling results from its Mythril property in James Bay. They were not a blockbuster, as some had unrealistically been expecting, but nor...Read More
Oil price is melting down like there’s no tomorrow. How else could wedescribe the bloodbath? Fresh monthly lows being hit on a daily basis. Slicingthrough important supports. With such a weak close to the trading week, howwill black gold fare the next one? Clearly, the most recent Mexico tariffannouncement hasn’t helped and it’s widely felt in the markets, including thisone. Bett...Read More
Long-term care for a semi-price room in a nursing home averages $6,844 per month according to the U.S. Department of Health and Human Services.Many Americans can't afford such costs, so they often look to the option of last resort: Medicaid. Medicaid is a program that provides health care to some middle-income families, even though it's frequently thought to only be for the poor. Coverage include...Read More
"It's not hyperinflation, but it is very significant inflation."Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More