Stefan GleasonThe 2020 presidential election is already shaping up to be one of the most bitterly contested in history. The outcome could have enormous ramifications for all asset markets, including precious metals.In the meantime, a lot can happen before November 2020 - especially with the Federal Reserve apparently set to turn dovish and cut interest rates this summer.Some historical research...Read More
By: Stewart Thomson, Graceland Updates 1. A lot of Americans getting a myriad of government entitlements thought that President Trump would recreate the 1950s for them. 2. If Trump had eliminated the PIT (personal income tax), capital gains tax, and corporate income tax, I've estimated that around $100 trillion in capital would have surged into America.3. That w...Read More
Although there are a dozen good reasons why the bull market should flame out, like, tomorrow, there's nothing in the long-term charts to suggest this is likely. A friend and fellow permabear sent me an Elliott Wave theorist's prediction that the sensational run-up begun more than ten years ago could continue for another three or four years. This is based on a five-wave Elliott pattern that is cu...Read More
I am getting bullish on euro and pound. I also expect more losses for the US dollar index and gains for Asian currencies against the US dollar. A currency war can be unleashed by Trump anytime. Trump believes that nations will use currency depreciation to offset higher tariffs. The Federal Reserve will take direct and indirect measures to ensure the competitiveness of the US dollar. This implies...Read More
Being on the forefront of breakthroughs in technology hasalways been a surefire way for investors to realize huge gains. Some massivefortunes were made during the dotcom boom, for example. Even after that initial euphoria came and went, investing incompanies that were set to take full advantage of new market opportunitiescreated by the internet such as Amazon, PayPal, or Ebay remained a recipe for...Read More
If you are "house-rich" but "cash poor," a reverse mortgage might be a way to access some additional cash for your retirement years. On the other hand, it could be a costly temptation with upfront and ongoing expenses that erode the equity in the home you spent years paying off.Basically, a reverse mortgage is the opposite of a regular mortgage where you gradually pay off the original principal an...Read More
QUESTION: Hi Martin,You have mentioned repeatedly that gold is a hedge against political uncertainty. For the past several years the price has hovered at the cost of production and exploration is virtually non-existent as capital has dried up.Nevertheless, the world is a political mess as far as the eye can see. So, it seems odd that gold is not bid more aggressively.Regards,EricANSWER: The only t...Read More
Jun 13, 2019 Guest(s): Hans-Arne L'orange Director, Clarksons Platou Securities The Trump trade wars has pushed down base metals, and the deflated price could be a good barometer for global growth, said Hans-Arne L'orange, director of Clarksons Platou Securities. "Dr. copper is known world-wide to give a good indication of the world's GDP growth, and I think the drop from April is a clear indica...Read More
Lynette Zang returns to SGT Report to discuss the reasons she thinks the time for a global economic reset is drawing near. Thanks for tuning in.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker a...Read More
Never mind that China is the talk of the world, right now, what with the U.S.-China trade war in full swing, I've talked a lot about China's overbuilding bonanza since the Continue...Read More
As Warren wrote nearly 20 years ago, "it is probably the best single measure of where valuations stand at any given moment." Continue...Read More
Jason talks about an interview that billionaire investor, trader and hedge fund manager Paul Tudor Jones gave on Bloomberg today about how gold is his favorite trade for the next 12-24 months. Jones thinks that gold can get to $1700/oz very quickly.New Paul Tudor Interview on Bloomberg Wednesday: https://www.bloomberg.com/news/videos...Jason Burack is an investor, entrepreneur, financial historian...Read More
Since late May, GLD has staged a significant rally (up each of the last 8 trading sessions) and suddenly is sitting near highs from earlier in the year.There are many signals, though, that are indicating the expansion could abruptly turn into a contraction in the very near future.There is likely anticipatory buying occurring right now in the metal, which accounts for some (but definitely not all)...Read More
Americans' trust in institutions, from the federal government to banks to the news media, has been deteriorating for decades. Sixty years ago, three quarters of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Today, only one in five people, a near-record low, believes our leaders make decisions in the country's best interest.The news m...Read More
By: Ira EpsteinHow dovish will the FOMC be next week? Gold lost its trend, support in lower $1,300's:Read More
Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched 'fear indicator' has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatil...Read More
Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More
Larry Kudlow still predicts 3% U.S economic growth through 2019The Dow snapped its six-day winning streak today, taking a breather from recent risk-on sessions. Stimulus buzz out of China saw the Dow jump out to a triple-digit lead in the morning. Around midday, the tech sector that had earlier propped markets up pivoted lower, sending all three benchmarks into the red. As investors await trade up...Read More
CHS and CASY just reported quarterly earnings and revenue that beat analysts' estimatesThe Dow is higher today, set for a seventh straight win. Three names to watch today are women's clothing specialist Chico's FAS, Inc. (NYSE:CHS), drugmaker Insys Therapeutics Inc (NASDAQ:INSY), and convenience store operator Casey's General Stores Inc (NASDAQ:CASY). Here's what's moving the shares of CHS, INSY...Read More
All markets, especially gold are driven by the emotion of fear.Fear leaves repetitive patterns in the pricing history.The recent rally in gold has yet to change the patterns that imply lower gold prices in the future.All markets are driven by the emotion of fear - fear of losing and fear of missing out (greed) - and it is hard to think of a more emotional investment than gold. It has been the 'go-...Read More