Police had wide authority to seize assets without having to prove a crime even happened, but now the state is tightening the rules.Continue...Read More
After a short rally at the start of 2018 year peaking at $1,354/ozt on March 25, the Continue...Read More
Sector expert Michael Ballanger suggests investors "never underestimate the replacement power of stocks within a Fed-induced credit bubble" and provides other observations on the markets. Looking back at the events of last week, the S&P 500 finally took out the October highs at 2,941 intraday, making the 2018 bear market one of the shortest on record at 93 days (Sept. 21-Dec. 24). You will recal...Read More
President Trump shocked markets yesterday when he announced that a new, heavy round of tariffs on Chinese goods will take effect this Friday. Complacent markets had assumed that a trade deal would get done, that it was just a matter of sorting out the details. Now that is far from certain. Failing a last minute deal, which is certainly possible, the trade war is back. And it could get worse.What m...Read More
The cannons are readied, bayonets are fixed... the bugle is ready to blow.Diplomacy has failed.The trade war will resume this Friday - should 11th-hour negotiations fail.The 10% tariff on $200 billion worth of Chinese wares becomes 25%.And President Trump threatens to order 25% imposts on an additional $325 billion "soon."Existing tariffs are "partially responsible for our great economic results,"...Read More
President Trump shocked markets yesterday when he announced that a new, heavy round of tariffs on Chinese goods will take effect this Friday. Complacent markets had assumed that a Continue...Read More
Christopher Whalen is an investment banker and chairman of Whalen Global Advisors LLC. He is the author of three books, including Ford Men: From Inspiration to Enterprise (2017) and InflatedContinue...Read More
I was going through some old long term charts I haven’t posted in many years to see if there was anything of interest to post tonight. With long term charts things don’t change very fast and the big picture can stay viable for years. I have literally hundreds of charts for the different PM stock indexes that I’ve built through the years that are tucked away in different chart lis...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
South Africa's largest gold producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), as the other top gold and platinum producers in the country, are preparing to hold wage negotiations in Q2-2019, and are bracing themselves to what is coming up, in particular with the belligerent Association of Mineworkers and Construction Union or AMCU.AMCU was responsible leading 70,000 mineworkers in the longest, mo...Read More
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.Gold demand spiked in India as a fall in prices to the lowest level in more than four months boosted retail purchases."Jewellers are aggressively buying as retail demand ha...Read More
In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico.The blockade was started due to issues with the local community in regards to water supply concerns and problems with a trucking contractor.It will be interesting to see how the future unfolds for Penasquito with the new anti-mining Pr...Read More
Adam HamiltonArchivesMay 03, 2019 These record US stock-market levels are very dangerous, riddled with extreme levels of euphoria and complacency. Largely thanks to the Fed, traders are convinced stocks can rally indefinitely. But stock prices are very expensive relative to underlying corporate earnings, with valuations back up near bubble levels. These are classic topping signs, with profits grow...Read More
Keith WeinerPosted May 3, 2019Thebid-ask spread of both (spot) gold and silver has blown out. Both, on March 1.(Click on image to enlarge)In gold, the spread had been humming along around 13 cents—gold is the most marketable commodity, and this is the proof, a bid-ask spread around 1bps—until… *BAM!* It explodes to around 35 cents, or two and half times as wide. On the same day,...Read More
TheWhite House and Congress finally agreed to put their significant differencesaside and work together on something constructive, no pun intended. OnWednesday it was announced that President Trump and Democratic congressionalleaders plan to spend $2 trillion on US roads, bridges, powergrids, water and broadband infrastructure -bricks and mortar priorities that are sorely underfunded in both the Un...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we have an eye-opening interview with Bill Holter of JS Mineset. Bill weighs in host of topics including our incredibly broken and phony markets, the truth behind why governments hate gold so much, and the real reasons why China and Russia are eagerly amassing huge gold positions.Bill also highlights some tell-tale...Read More
It lookslike crude oil is set for a sizable weekly decline. After yesterday’s plunge,the market looks to have stabilized today. But is it really so? In today’sanalysis, we’re bringing you the details. We objectively reveal what to expectnext. Either the bulls or the bears won’t like it. Who do you think it’ll be?Let’s takea closer look at the chart below (charts...Read More
Will the housing bust in Australia trigger a mortgage crisis that hits the big four banks to where there's a banking panic and financial crisis in Australia? And what will this do globally?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 and a VC-funded startup. He has a BA, MA, a...Read More
"How can it be possible that James Woods (and many others), a strong but responsible Conservative Voice, is banned from Twitter?" President Trump tweeted.Continue...Read More
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW (R) board game, founder of the financial education-based Rich Dad Company and author of...Read More