Full Article: These charts are a big reality check for gold mining stock bullsBy: Frik ElsDespite a widely held view that gold should be trading north of $1,400 this year, since the February peak well short of that target, prices have gone in the other direction.Gold mining stocks have fared slightly better after a flurry of mergers and acquisitions at the top end rekindled interest in the sec...Read More
Last week, I talked about a new way that Congress might hurt lots of Americans who have used IRAs to save lots of money and I said this was just the latest in a long list of transgressions against well-prepared retirees. If you happen to be a Baby Boomer with even moderate retirement income, you're probably familiar with one of the biggest examples.Or, if you started collecting Social Security ben...Read More
"As costs go up and debt levels go up, then lowering interest rates gives you a little leeway, but only for awhile."Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 vis...Read More
Every so often, our work in the premium side of PeakProsperity.com is deemed so important that our paying subscribers request we share it with the general public. Last week's 'Off The Cuff' podcast received so many of these requests that we are releasing it to all here.In last week's Off The Cuff podcast, Chris delivered a very personal message about how we each decide to live our lives.A growing...Read More
The focus of the anti-Trump forces has shifted. Trump was not removed from office as his opponents had hoped. And the long-awaited Mueller report on "collusion" by Trump with Continue...Read More
Trump has already exerted more influence over one institution than any other president in over 100 years - the Federal Reserve.Continue...Read More
The focus of the anti-Trump forces has shifted. Trump was not removed from office as his opponents had hoped. And the long-awaited Mueller report on "collusion" by Trump with Russia has turned out to be an anticlimax showing no collusion. In fact, Trump is on track to complete a mainly successful first term.Instead, the "resistance," aided by the deep state and the media, have turned their attenti...Read More
Trump has already exerted more influence over one institution than any other president in over 100 years - the Federal Reserve.That's because Trump has had more control over Fed personnel than any president since the Fed was founded in 1913. As I've written before, Trump now "owns" the Fed.When Trump was sworn in, he inherited two vacant seats on the seven-person board of governors of the Federal...Read More
The precious metals continue to face two primary headwinds: a lack of risk aversion and a strong dollarContinue...Read More
Mish Shedlock challenges Max Keiser's assertion that bitcoin and gold are equalsContinue...Read More
Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on. Back last December silver broke out of a fine Double Bottom formation and ran up quickly but the advance turned out to be modest and by late February it had fizzled out and it started reacting...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 183,213126,94058,444145,702224,132387,359409,516 Change from Prior Reporting Period -16,29432,797-2,66113,224-41,155-5,731-11,019 Traders 17982745951267181 Small Speculators LongShortOpen Interest 53,22231,065440,581 -1,2274,061-6,958 non reportable posit...Read More
StrengthsThe best performing metal this week was palladium, up 3.52 percent as CPM Group noted that the price could climb to $1,800 on supply constraints. Gold traders and analysts switched from bullish to mostly neutral or bearish on the yellow metal this week, according to the weekly Bloomberg survey.Turke...Read More
April 19th, 2019(S14-E692)Featured GuestsStanton Friedman& Harry S. Dent Jr.Please Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITALBLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).Harry S. Dent Jr. brings fresh insights on the US financial markets in his latest appearance.US equities remain one of a handful of stock bourses to make set new recor...Read More
By: Ira EpsteinGold back to it's monthly mid-point:Read More
The Dow Industrials look primed for a 900-point rally, assuming they can close for two consecutive day's above Friday's high. It occurred slightly beneath a 26,656 Hidden Pivot resistance that's a good bet to show stopping power. However, anything above it would bring a new pivot resistance at 27,463 into focus. That's exactly 904 points above, and it would become all but certain to be achie...Read More
Is it time to prepare for the next financial crisis? Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial anal...Read More
A busy week of corporate earnings season is underwayStocks closed mixed in today's trading. The Dow chalked up a loss, after heavyweight Boeing (BA) stock dropped on a critical New York Times report. Losses were limited, though, as blue-chip energy stocks Exxon Mobil (XOM) and Chevron (CVX) surged with oil prices, after Secretary of State Mike Pompeo tweeted the U.S. will make no exceptions on wai...Read More
MDSO and KEG are boasting big gains in today's trading, thoughThe Dow is headed toward a loss, as Boeing (BA) headwinds offset surging oil stocks. Among other names making notable moves are toymaker Mattel Inc (NASDAQ:MAT), clinical trial software specialist Medidata Solutions Inc (NASDAQ:MDSO), and oilfield services firm Key Energy Services Inc (NYSE:KEG). Here's a quick look at what's moving the...Read More
Boeing will report earnings before the open on WednesdayBlue chip Boeing Co (NYSE:BA) just can't stay out of the news, this time in hot water after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. What's more, the Dow nameis also set to release its quarterly report before the open Wednesday, April 24. Ahead of the event, BA call...Read More