The Gold Price began 2019 with a continuation of it's strong December 2018 rally towards resistance at $1300 that was soon overcome propelling the Gold price higher to next resistance at $1350 by Mid February. Since when entered into a shallow downtrend all the way to the recent low of $1269. Which is particularly disappointing given that many Gold bugs had pinned hopes on safe haven demand in the...Read More
In mid-May 2019 the leading cryptocurrency, Bitcoin(BTC), was trading around $5,600. At $4,000, a prominent technician predictedit was gearing up for a run to $6,500. Yet when it reached $5,700, herecommended selling because of a technical "non-confirmation." As if on cue, BTC began an epicupside run, easily slicing through his initial target! Following an $8,600print, the price cratered...Read More
UNIQUE OPPORTUNITY: First, we typically see stocks sell-off and as the old saying goes, “Sell in May and Go Away!” which is what has been happening. So what does this mean? It means we should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members has al...Read More
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By: Dave KranzlerTSLA had yet another bad week, closing down $19 (9%) from the previous Friday's close. Last week every attempted bounce in the stock was shortable on a daytrading basis. Currently Tesla's shares are trading at $188. It would likely be a lot lower if it weren't for Musk's repeated "leaked" emails loaded with dubious production and delivery claims, with both barrels pointed direct...Read More
By: Avi Gilburt I have now been writing for Seeking Alpha for approximately 6 years. And, I can honestly say that not much has changed in the readership base. Yes, that means you.You see, the same folks that have commented on my articles that Elliott Wave analysis is akin to voodoo are still making the exact same comments they made years ago.Do you think that the accuracy of our underlying anal...Read More
By: Jordan Roy-Byrne CMT, MFTAWe have written for over a year about the historical importance of the shift in Federal Reserve policy. We've noted that over the past 65 years in 11 of 13 rate cut cycles the gold stocks have enjoyed tremendous gains. The historical data shows an average gain of over 170% and median gain of almost 150%. As of Tuesday morning, the market showed an 84% chance of a...Read More
Dear Friend of GATA and Gold:Liechtenstein-based investment fund Incrementum's annual "In Gold We Trust" report, compiled by Ronald-Peter Stoeferle and Mark J. Valek, was published this week and again described the reasons for gold's glorious prospects. Among them:-- Loss of trust in international relations and everyday society amid ever-more-polarized politics.-- Gold's generally good performan...Read More
Although I usually let my charts tell me where stocks are headed next, the 'technicals' are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May's peak now sits 10.5% away. It's certainly do-able, but I doubt buyers have the mo...Read More
It's well known that when we're in the workforce, we need vacations. Vacations can lower your blood pressure, increase your creativity, recharge, and prevent burnout from the day-to-day responsibilities at work. Yet America is the No-Vacation Nation… Research found that 47% of Americans didn't take all of their vacation time in 2017, and 21% left more than five vacation days on the table. Y...Read More
May 31, 2019 Guest(s): Johann Wiebe Lead Metals Analyst, GFMS Refinitiv The rise of battery electric vehicles will put major headwinds in the platinum group metals in the long term horizon, this according to Johann Wiebe, lead metals analyst at GFMS Refinitiv. "Long-term, we kind of can see where things are headed, particularly for palladium and rhodium, which are now very elevated, this could b...Read More
May 31, 2019 Guest(s): James Altucher Managing Director, Formula Capital Best-selling author and former hedge fund manager James Altucher is not backing down from his $1-million-dollar bitcoin call that he boldly made back in 2017. His timelines may be a little different however.Altucher made the call two years ago when bitcoin was trading around $11,000, he called for the crypto to hit $1 milli...Read More
Russia and China are leading a worldwide gold-buying spree in an effort to transcend the global reliance on the US dollar as the world reserve currency. Peter Schiff, CEO of Euro Pacific Capital, joins Rick Sanchez to discuss the imminent demise of the dollar. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his...Read More
In this interview, some of the things we discuss include:- The Global Reset and the New Silk Road Order- De-dollarization and the move away from the US Dollar- The global loss of confidence in the United States- China & Russia's global expansion- The death of the Petro-dollarAnd of course......we discuss Jim's bombshell revelation and analysis of the Trump, Putin & Xi meetings, held in secrecy, in...Read More
Remember Shakespeare's line "he jests at scars that never felt a wound?" That epithet could have been written with National Security Continue...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
North Korea has executed five officials for their role in the failed second summit between President Trump and Kim Jong Un, according to a South Korean newspaper.Continue...Read More
"On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and Continue...Read More
There is a widespread assumption that interest rates represent the cost of borrowing money. In the narrow sense that it Continue...Read More
Yesterday we furrowed our brow against the latest inversion of the "yield curve."The 10-year Treasury yield has slipped beneath the 3-month Treasury yield - to its deepest point since the financial crisis, in fact.Inverted yield curves precede recessions nearly as reliably as days precede nights, horses precede carts... lies precede elections.The 10-year Treasury yield has dropped beneath the 3-mo...Read More