By: David StockmanThe Donald was at it again in Wisconsin this weekend, reiterating his patented boast that the US economy is booming like never before.We're now the No. 1 economy anywhere in the world and it's not even close," he said on Saturday night at a rally in Green Bay, Wisconsin."At the end of six years, you're going to be left with the strongest country you've ever had," he said.We be...Read More
Interest rates outlook was expected to be kept unchanged by the Federal Reserve. Fed also lowered interest rates paid on reserves. Chairman Powell's statement that that inflation risk appears to have been moderated resulted in fall in gold prices. What next for gold: Wider trading range is at $1249.60-$1263.20-$1280-$1297.10. Overall trend is down as long as gold trades below $1291. Gold needs t...Read More
The cryptocurrency company Grayscale has launched a multi-million dollar marketing campaign imploring investors to drop gold and buy bitcoin. It is a slick video and the campaign is getting plenty of attention, but does it make any sense?The "Drop Gold" campaign kicked off Wednesday and features a 39-second commercial that shows a man and woman who race frantically around a financial district whil...Read More
Imagine you're selling your family home this year. All your kids have grown up and moved out - it's finally time to downsize to something more manageable. If you sell in the spring or summer, what are you going to do with the profits from your big transaction? Come April, the tax man is going to be after you for any capital gains you made. So, what do you do with that money? My suggestion is calcu...Read More
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 and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Erik Townsend and Patrick Ceresna welcome?EUR?Juliette Declercq?EUR?to MacroVoices. Erik and?EUR?Juliette?EUR?discuss?EUR?the current status of inflation, the FED's failure to meet its inflation mandate, and what is ahead for policy path and inflation outlook.Read More
Payment giant MasterCard is facing mounting pressure to monitor money going to far-right groups, with critics saying these groups promote "hate." The credit card company has suggested it could setting up a "human rights committee." Investigative journalist Ben Swann dives into the proposal with RT America's Manila Chan.Read More
"There is no money in monetary policy."Could it be true? Is there no money in monetary policy?Yesterday we argued the Federal Reserve cannot even define money... much less measure it to any reasonable satisfaction.Today we venture upon a heresy deeper still - that central bank "monetary" policy has no actual existence.No money stands beneath it, behind it, beside it.The emperor is well and truly n...Read More
Bob Hoye & Chris Waltzek Ph.D. - April 30th, 2019. * .Mp3HighlightsBob Hoye, Editor & Chief Investment Strategist of Charts and Markets.com rejoins the show with must-hear commentary. FOMC policymakers set the overnight lending rate this week. The current FFF at the CME which indicates the Fed could begin a new round of QE within a year. There are strong probabilities of a rate cut by Dec. / J...Read More
By: IRA EPSTEINGold at an important point, $1,300 resistance - gold at an important juncture:Read More
Google was down a hellacious 112 points, or 9%, at Tuesday's low, but the plunge did little damage to the bullish look of the weekly chart:The fact that this occurred after the stock had pushed above last July's record high makes the selloff merely corrective rather than impulsive. It was attributable to a dour earnings report which suggested Google is losing ground in advertising to Amazon and...Read More
Source: Maurice Jackson for Streetwise Reports 04/30/2019Jake Bernstein, founder of Weekly Capital Markets Report and Daily Sentiment Index, in conversation with Maurice Jackson of Proven and Probable, discusses lessons he has learned in over 50 years of trading.Maurice Jackson: Joining us for a conversation is Jake Bernstein, the founder of the Weekly Capital Markets Report and the Daily Sent...Read More
Source: John Newell for Streetwise Reports 04/29/2019Platinum, after making what appears to be a wash-out low in August 2018, now looks poised to be a precious metal leader, writes fund manager John Newell at Fieldhouse Capital Management.What is Platinum: Platinum is a precious transition metal that has the chemical symbol Pt and an atomic number of 78 on the periodic table. Platinum is grayi...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/29/2019Sector expert Michael Ballanger reviews recent movements in precious metals and discusses how he is playing the market.Last week I sent out my uber-bullish call on the metals and miners at the conclusion of a period fraught with doom and despair for all things gold and silver. The criminality of the interventionists was in full bloo...Read More
Fed Chair Jerome Powell said low inflation was only "transitory"Fed Chair Jerome Powell's comments on a "transitory" period of low inflation deflated hopes for a potential rate cut on the horizon. Against this backdrop, the major stock market indexes turned lower, erasing earlier gains stemming from solidApple (AAPL) earnings. By the close, the Dow, S&P 500, and Nasdaq were in the red, though the...Read More
Ivanhoe Mines has appointed Tony Giardini as its new president, effective immediately. Giardini was most recently the executive vice president and CFO of Toronto-based Kinross Gold, a position which he held since December 2012.Tony Giardini, new president of Ivanhoe Mines. Image courtesy of Kinross Gold's Facebook page.Before joining Kinross, Giardini served as senior vice president and CFO at Ca...Read More
Gold futures ended lower on Wednesday, giving back a portion of the gains from a day earlier as U.S. benchmark stock indexes moved higher. Futures added to losses after briefly popping higher in electronic trading in the immediate wake of the Federal Reserve's policy update, as Fed Chairman Jerome Powell held a news conference. The central bank's Federal Open Market Committee left its short-term f...Read More
Gold futures ended lower on Wednesday, giving back a portion of the gains from a day earlier as U.S. benchmark stock indexes moved higher. Futures added to losses after briefly popping higher in electronic trading in the immediate wake of the Federal Reserve's policy update, as Fed Chairman Jerome Powell held a news conference. The central bank's Federal Open Market Committee left its short-term f...Read More
The FDA called on Pulse to provide more information on CellFXPayrolls data and a big earnings win out of Apple (AAPL) have U.S. markets comfortably higher today. Among other names making notable moves are medical device maker Pulse Biosciences Inc (NASDAQ:PLSE), as well as pharma name Arca Biopharma Inc (NASDAQ: ABIO). Below we will dive into what is moving shares of PLSE and ABIO.FDA Note Trigger...Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More