Dear Trader,I was recently on the Keiser Report with Max Keiser discussing Why Deflation, Not Inflation, Will Do Us In.(Interview begins just after the 14-min. mark)No one disputes that Americans owe far more than they will ever be able to repay. This includes future obligations to ourselves, such as Social Security, and public and private pension plans. Some believe "the Government" will...Read More
By: Gary ChristensonOur Current Financial Circumstances:The U.S. is $22 trillion in debt and burdened with $100 - $200 trillion more in unfunded liabilities. Just to pay the interest the U.S. must borrow. Debt is rapidly rising and cannot be paid unless "they" default or hyper-inflate the dollar.Chairman Jerome Powell stated, "The U.S. federal government is on an unsustainable path." Even the Fe...Read More
In case you missed part I yesterday, I was talking about Elizabeth Warren's new plan to erase outstanding college debts for roughly 45 million Americans and then make college "free" for everyone going forward.Now, there's no doubt that spiraling college costs - and a rapidly-growing pile of student loan debt - IS a problem.Indeed, as I pointed out yesterday, the average tuition and fees at a four-...Read More
Last summer on June 28th, I wrote to you and identified Air Canada (ACDVF) as a tremendously undervalued stock.Since then the rest of the market has caught onto the Air Canada story as the share price has subsequently risen more than 50 percent.I’m thrilled with how this has played out for us...But I don’t think that the Air Canada story is done.This stock is still BY FAR the best valu...Read More
Apr 26, 2019 Guest(s): George Gero Gold has been trending with the dollar in recent trading sessions, signaling a decoupling of the yellow metal's traditional negative correlation on the U.S. dollar, said George Gero, managing director of RBC Wealth Management. Gero said that this trend reversal may be caused by strong demand for gold outside the U.S., especially in countries that needed gold t...Read More
"First they laugh at you, then they fight you, then... they admit you were right all along and maybe shouldn't have been violating everyone's rights in the first place?Continue...Read More
Today we don the prophet's motley, climb atop our soapbox… and holler a thumping prediction.For we have indication - reliable indication - that an established trend will soon end. And that another will begin.But what established trend? How will it end? And why so all-fired important?Answers anon. But first an after-action report on today's combats...The bears won - if barely.The Dow Jones lo...Read More
Last month, Trump said that he considered Herman Cain and Stephen Moore as his picks to the Federal Reserve Board. As the former had withdrawn his name from consideration, the focus shifted to the latter. Who is Mr. Moore exactly and what would his nomination imply for the gold market?Who Are You, Mr. Moore? There are still two vacancies at the Board of Governors of the Federal Reserve Board of Go...Read More
Having artfully freaked out a whole bunch of investors by breaching nearby support and dropping quite sharply, so that they have panicked and scurried over to the wrong side of the boat again, the PM sector appears to be in the process of reversing to the upside now right where we would expect it to - at the lower boundary of its main upside channel, which we can see to advantage on the 1-year c...Read More
By: Stewart Thomson, Graceland Updates1. The weak physical demand season continues to cause gold to drift with a clear but modest downside bias. 2. Despite the swoon, most top bank analysts are extremely positive in their outlook for gold in the second half of the year. 3. Please click here now. Standard Chartered analyst Suki Cooper notes a high correlation between the Fed's a...Read More
The bull market has gone vertical, suggesting stocks are in a blowoff phase. Where will it end? We'll hazard a guess simply because it's irresistible fun, and because one of these days we're going to get it right. Let me therefore offer 2953.50 for the June contract, or 2974.25 if any higher. Both seem likely to show stopping power, even if equally compelling rally targets got bulldozed on...Read More
By: Ira EpsteinDaily gold market showing it falling apart...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...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
Caterpillar's earnings reaction pressured the Dow and S&P todayThe Nasdaq hit a record intraday high today thanks to blowout earnings for online retailer eBay (EBAY), but couldn't sustain this momentum into the close. The S&P 500 and Dow closed lower, too, pressured by a negative earnings reaction for Caterpillar (CAT) and big drops for energy stocks Exxon Mobil (XOM) and Chevron (CVX). Neverthele...Read More
SAP stock is higher on activist investor newsThe Dow is trading modestly lower this afternoon as Wall Street weighs the latest batch of blue-chip earnings. Among individual stocks in focus today are satellite radio service Sirius XM Holdings Inc (NASDAQ:SIRI), German software firm SAP SE (NYSE:SAP), and California utility name PG&E Corporation (NYSE:PCG). Here's a quick look at what's moving the s...Read More
Gold futures ended higher on Wednesday, rebounding from their lowest levels of the year, as a rally in stocks that took two of the three main U.S. equity indexes to records cooled, providing support for the haven metal. However, a perky dollar - hovering around its highest level in about 22 months - kept prices for the metal off the session's high. Gold for June delivery GCM9, +0.09% rose $6.20...Read More
Gold futures ended higher on Wednesday, rebounding from their lowest levels of the year, as a rally in stocks that took two of the three main U.S. equity indexes to records cooled, providing support for the haven metal. However, a perky dollar - hovering around its highest level in about 22 months - kept prices for the metal off the session's high. Gold for June delivery GCM9, +0.08% rose $6.20...Read More
Toronto-based Maritime Resources Corp. has begun infill drilling at its Hammerdown gold project 15 km northwest of Springdale. About 3,000 metres of drilling is planned in 19 holes designed to convert inferred to measured and indicated resources. The pre-feasibility study is to be updated late this year.Maritime is also planning a 2,000-metre drill program and geophysical survey to test the depth...Read More
Hospital operators CYH, HCA, and UHS are in focus todayThe healthcare sector has been under pressure lately due to growing talk of Medicare for all. Today, however, many in the group are gaining thanks to proposed changes to Medicare reimbursement rates, including a roughly 3.5% increase in payments to hospitals for inpatient services, which brokerage firm Jefferies says would be the largest incre...Read More