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
Free college tuition. It became famous as one of Bernie Sanders' biggest campaign promises last time around.And now the same idea is starting to rear its head again ahead of 2020... Only this time it's starting with Elizabeth Warren and a new plan to forgive up to $50,000 in student loan debt for every man, woman, and child. (Just about.)In case you have any doubt, I'll be taking the other side of...Read More
There’s nothing more heartbreaking than a missed opportunity.About five years ago, I had a conversation with Jake, a good friend of mine who was also a hedge fund manager.Jake was telling me his biggest regret when it came to investing.“If only I had realized how strong the market was in 2012,” he told me with shame in his eyes. “I missed out on one of the best investment p...Read More
Apr 25, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold investors are forgetting that a return to 2011 highs would imply an "end of the world" scenario where all risk assets are plummeting, said Peter Hug, global trading director of Kitco Metals. A balanced investor who has only 10% of his portfolio in gold would not want to see the rest of his assets fall for only 10% of his...Read More
Apr 25, 2019 Guest(s): Alain Corbani Head of Commodities, Finance SA Current monetary policies have made the precious metals a more attractive investment option, said Alain Corbani, head of commodities at Finance SA. "My bet, and so far it has been the safest, is to follow what the Fed is saying. So, basically they are saying 'we are not going to raise rates anymore,' they are saying that they d...Read More
I did an interview a couple of weeks back and predicted that the stock markets would begin a large decline soon. I based that on tea-leaf reading of the DSI readings for the S&PContinue...Read More
Democratic presidential candidates are enthusiastically promoting radical policies as they try to stand out to voters confused about who should control their party's futureContinue...Read More
"It feels like a dream, and it feels honestly like, any moment, I'm going to wake up and I'm just going to be back in my room, in my bed."Continue...Read More
"The longer these outbreaks continue, the greater the chance measles will again get a sustained foothold in the United States," the CDC said in an official statementContinue...Read More
In a somewhat surprising move, Sandstorm has announced a new gold stream/royalty acquisition.The company says it will invest a total of $42.5 million in Americas Silver Corporation for a stream/royalties, debt, and equity.Sandstorm is making a bet on this junior's exploration upside, but the deal carries some risk that shouldn't be ignored, as I explain below.Sandstorm Gold's Latest Deal w...Read More
By: Ira EpsteinJune gold contract swing line 1$273 / $1299.1Read More
By: Jordan Roy-Byrne CMT, MFTAThe downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically. The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets. As a result, the potential for a rate cut which pushed precious metals higher is now unwinding. That has caused the breakdo...Read More
I have been writing for quite some time that higher crude oil prices will be a big threat to global economic growth. Iran, Venezuela and Libya crude oil is not there. May to September is the key consumption months for the year. Global economic growth will be derailed if crude oil prices continue to rise. Inflation in Asia will also rise if crude oil prices zoom. Higher crude oil prices is genera...Read More
Source: Adrian Day for Streetwise Reports 04/22/2019Fund manager Adrian Day reviews the Goldcorp-Newmont merger as well as provides updates on a number of resource companies in his portfolio, including some that he sees as good buys.Goldcorp has been acquired by Newmont Mining Corp. (NEM:NYSE, 33.04). Shareholders voted in favor of the acquisition, though it was disappointing that, notwithstan...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/22/2019Sector expert Michael Ballanger discusses generational attitudes toward investing and how they are affecting the precious metals markets.Masochism: "gratified by pain, degradation, deprivation, etc., inflicted on oneself either by one's own actions or the actions of others."On Friday afternoon, I completed my weekly missive, which w...Read More
Corporate earnings took U.S. markets by storm todayU.S. stocks closed significantly higher, with both the S&P 500 and Nasdaq nabbing all-time closing highs on the back of several impressive corporate earnings reports and strong housing data. The Dow also made a notable move north, settling at its highest mark since Oct. 3, after noteworthy results surfaced out of United Technologies (UTX) and Coca...Read More