By: David HaggithThe graph here shows the point at which I said early last summer housing sales had turned over (for the worst) and would remain on a downtrend indefinitely, and it shows how that prediction has panned out.Existing home sales were down again nationally (4.4%) in April (fourteenth month in a row of declining sales year on year). That is the longest stretch without a single positiv...Read More
By: Craig HemkeThat this is even a question reveals the intellectual laziness of those who ask. However, since this is coming up with regularity again, here's another post on the subject.First, a summary of recent admissions and convictions against The Banks: o LIBOR manipulation: https://en.wikipedia.org/wiki/Libor_scandal (Note the section where it's noted that LIBOR fixing operates as a "...Read More
By: Ira EpsteinGold at Bollinger - lower band support. Market is oversold:Read More
By: Gary ChristensonHow many times have you heard "You can't eat gold" as a reason NOT to own gold? It is nonsense.You can't eat gold either during good times or after an economic collapse, but neither can you eat dollar bills, euros, bolivars or hundreds of other devaluing paper currencies.In good times and in bad times, gold is necessary for wealth protection. A gold market will always exist,...Read More
Stocks are in wafting mode, indifferent to tariff wars, slumping retail sales and impeachment talk. The broad averages have been racking up impressive gains even when buying interest is weak to nil. It certainly felt that way on Tuesday, when the Dow Industrials rose nearly 200 points on the opening bar, then hovered aloft for the rest of the day. For every tepid buyer it would seem that there i...Read More
Dear Friend of GATA and Gold:With his column today, U.S. Global Investors CEO Frank Holmes does a spectacular job interviewing your secretary/treasurer about GATA's work to expose central banking's policy of gold price suppression.The interview is more spectacular for being produced by a much-respected organization within the gold sector, much of which long has shunned GATA for our alerting mone...Read More
Short sellers in gold and silver need to trade very carefully as long as they do not fall below $1260 and $1419. There can be very sharp pullback rallies as long as gold trades over $1260 and silver trades over $1419. Crude oil will break free from $60-$65 consolidation phase and form a new range. Copper and industrial metals can trade with a softer bias. Momentum for gold and silver is down....Read More
According to a recent Empower Retirement survey, 66% of respondents said they don't understand what "rebalancing investments" means. A similar percentage, 69%, said they don't know what "asset allocation" means. And the survey found that millennials in particular find financial terms difficult to understand.I'd say it's not just the younger generations struggling to understand today's financial ja...Read More
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, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Peter Schiff discusses the uptick in Russia's gold-buying and why it makes some western analysts nervous.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More
Many people think that the current fiat money regime can go on forever and point to Japan as a prime example. Afterall, their economy collapsed in the early 1990's after decades of rapid economic growth. In 1992 the BOJ began a never ending series of "extraordinary policy" as they experimented with, and expanded the central bank took box. Today, the global central banks look to Japan as a monetary...Read More
Given that we're in the greatest global bubble in history, almost everything is overvalued. We're expecting central banks to keep printing money, interest rates Continue...Read More
By: Ira EpsteinGold's Bias is down:Read More
StrengthsThe best performing precious metal this week was gold, down 0.65 percent. Gold bulls regained the upper hand this week in the Bloomberg survey of traders and analysts, as investors weigh U.S.-China trade tensions and the outlook for global growth. Bloomberg reports that open interest, a tally of outstanding futures contracts in bullion, surged the most since mid-2016 on Monday to the hi...Read More
By: Dave KranzlerTesla has been "done" for awhile but many of the Wall Street and investor "uber" bulls are finally starting to see this reality. Amusingly, Wedbush's Dan Ives issued a report in which he lowered his price target on Tesla stock from $270 to $235. He refers to Tesla's situation as a "code red situation." Quite frankly, a "code red situation" with regard to a company and it...Read More
Is it okay for Tesla bulls to come out of their bomb shelters? Perhaps, but only with caution. The stock bounced sharply on Monday from a low that was close to the 193.31 Hidden Pivot support we were using as a minimum downside target. On the hourly chart the selloff looks to have reversed an inch from where we'd expected. But I hesitate to declare the target achieved, since the tiny-lookin...Read More
Tech stocks enjoyed a big rebound today The Dow enjoyed a reboundtoday, with the index ending on a roughly 200-point gain, sparked in large part by the U.S.'s decision to temporarily ease restrictions on China's Huawei. The tech-rich Nasdaq finished higher as well, as the Huawei news helped boost chip stocks. Elsewhere, blue-chip concern Boeing (BA) helped boost the Dow amid reports that a bird st...Read More
The FDA approved Sesen's request to move manufacturing for its bladder cancer drugU.S. markets are moving higher today, tech recovering from yesterday's sell-off. Three pharmaceutical namesalso making notable moves this afternoon are Array Biopharma Inc (NASDAQ:ARRY), Sesen Bio Inc (NASDAQ:SESN), and Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR). Below, we will dive into what is moving the shares...Read More