Dear Friend of GATA and Gold:Thanks to Zero Hedge for calling attention tonight to the interview of the Zurich-based financial letter The Market with James Grant, editor of Grant's Interest Rate Observer, wherein Grant remarks that the Federal Reserve is manipulating the stock market up and interest rates down. Grant calls the latter rigging "very near to a crime."But as always Grant has nothing...Read More
Investors have thrown caution to the wind as they bid up FAANG stocks to imprudent heights and provide overly generous bids for a few others that face serious jeopardy, including Tesla and Boeing. Even so, the herd evidently had second thoughts about one stock on Friday, pummeling the shares of Netflix when competitor Disney announced a new streaming service that will be bargain priced at $6.99...Read More
John Rubino says that all the gloom and doom stuff can be depressing, but it needs to be looked at as an investment thesis and a tremendous opportunity. Craig Hemke believes that interest cuts could happen much faster than believed if the stock markets start tanking. One thing is for certain, interest rates aren't going up anytime soon. It's the only weapon left in their arsenal. But will it work?...Read More
Lynette Zang shares her thoughts regarding the threats to the global financial system and her forecast for financial markets and society at large as we pass through the Great Reset.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. Sh...Read More
Last week's arrest of Wikileaks publisher Julian Assange by the British government on a US extradition order is an attack on all of us. It is an attack on the US Constitution. It is an attack on the free press. It is an attack on free speech. It is an attack on our right to know what our government is doing with our money in our name. Julian Assange is every bit as much a political prisoner as was...Read More
The US has limited alternatives to deal with a possible recession. QE4 by any name will certainly be high on the Fed's list of warding it off. Lior says, "It's like a training that's going to crash at some point." You know it's going to happen and you can either jump now or later, but either way it's going to be painful and potentially dangerous.Lior Gantz has been called a thrill-seeking entrepre...Read More
The amount owed to retirees accelerated faster than assets on hand despite a record bull market.Continue...Read More
The Critical Investor explains how a recently acquired gold project in Nunavut may completely change the company. Kiyuk Lake project1. IntroductionSometimes you see juniors switching from metal to metal, trying to catch the flavor of the day, riding the hypes with basically worthless projects. So now diamonds are out of favor, and gold is back in vogue, could it be that Margaret Lake Diamonds Inc...Read More
Bob Moriarty of 321 Gold provides an update on the company's recent drill results. Miramont's Cerro HermosoAfter some dreadful timing and miscommunication to the market, shares in Miramont Resources Corp. (MONT:CSE) plummeted from $0.47 a share to $0.12 in two days at the end of March. The company dumped some poor results from six holes onto the market and the market gagged. But the scout program...Read More
An exploration company focused on southern British Columbia releases its first drill results. Jiulian Resources Inc. (JLR:TSX.V) reported the results from the first two diamond drill holes at its Big Kidd property, which is located near Merritt, in southern British Columbia. According to the company, "all holes to date have intersected appreciable widths of Au-Cu porphyry style mineralization and...Read More
This decision comes after several years of ongoing exploration and development at the site. The boards of MAG Silver Corp. (MAG:TSX; MAG:NYSE.MKT) and joint venture (JV) partner Fresnillo, as well as the shareholders of the JV entity itself, Minera Juanicipio, all approved advancement of their Juanicipio project in Zacatecas, Mexico, MAG announced in a news release. MAG owns 44% of the project, a...Read More
The sale is a way for this company to realize value from a noncore asset. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it agreed to sell its interests in the Olary Creek magnetite project in south Australia.The divestiture includes a 51% tenement interest, a 47% interest in iron ore and manganese rights and a 100% interest in other commodities.In exchange, the acqui...Read More
Precious metals expert Michael Ballanger, along with discussing Winston Churchill's brilliance with the English language, covers recent moves in the market and a uranium company that he believes is well situated. "'Success consists of going from failure to failure without loss of enthusiasm." - Sir Winston ChurchillThroughout history, society has always canonized certain political, military, and...Read More
The questions first-time precious metals buyers ask mostoften are "what should I buy?" and "how do I get started?"We have covered these questions many times over the years, but they are worthreconsidering from time to time. The very first rule of precious metalsinvesting is to avoid collectible coins and buy low-premium bullion(non-collectible) products instead. ...Read More
It was a big surprise. The dovish surprise. In March, Powell doubled down on its accommodative stance. Does he know something we are not aware of?We invite you to read our today’s article about the recent Fed’s U-turn and find out whether it will support the gold prices.Three months can make a big difference! In December 2018, the Fed raised the federal funds rate and signaled another...Read More
US Gasoline prices have shot up 15% to 30% or more over the past 4 weeks as the Summer Blend hits the markets and consumers continue to stay shocked at the increase. In California, prices shot up from near $3 per gallon to over $4 a gallon over a 7-day span. Every year, when the Summer Blend of Gasoline hits the markets, we expect a price increase that is associated with this change.&n...Read More
StrengthsThe best performing metal this week was palladium, up 0.24 percent as hedge funds cut bullish positioning to a six-month low, perhaps resetting expectations. Gold traders turned heavily bullish this week after being neutral last week as the Federal Reserve signaled interest rates will be on hold, ac...Read More
Dear Friend of GATA and Gold:Thanks to Zero Hedge for calling attention tonight to the interview of the Zurich-based financial letter The Market with James Grant, editor of Grant's Interest Rate Observer, wherein Grant remarks that the Federal Reserve is manipulating the stock market up and interest rates down. Grant calls the latter rigging "very near to a crime."But as always Grant has nothing...Read More
Investors have thrown caution to the wind as they bid up FAANG stocks to imprudent heights and provide overly generous bids for a few others that face serious jeopardy, including Tesla and Boeing. Even so, the herd evidently had second thoughts about one stock on Friday, pummeling the shares of Netflix when competitor Disney announced a new streaming service that will be bargain priced at $6.99...Read More
Paying with your debit card might seem like a responsible move. After all, getting in the habit of whipping out your credit card whenever you have to make a purchase might lead to overspending.But from a security standpoint, paying with a credit card is actually the better move.By the end of this year, credit and debit card fraud is expected to reach $33B globally. While a criminal can steal your...Read More