By: Richard (Rick) Mills Gold is often criticized by Wall Street as being kind of a useless investment. Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it doesn't grow it doesn't compound. Gold is rejected as an investment because it doesn't produce sprouts, m...Read More
By: Dave Kranzler"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanBefore I saw that quote from Hussman on Twitter, I was contemplating how the trading patte...Read More
By: Michael Kosares (Grey vertical bars indicate recessions.)During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the fi...Read More
PreambleOne of the reasons given for allocating a portion of one's investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various bank notes from an 'inflationary' period of time which include the following:2,000,000 marks, Germany 1923100,000,000 Pengos, H...Read More
By: Stewart Thomson 1. Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. 2. Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!3. With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working...Read More
By: Michael GolembeskyA Tale of Two QuartersAfter a wild and volatile final quarter in 2018 volatility instruments across the board have seen their levels continue to decline into the end of the first quarter in 2019.VXXB has witnessed a decline of over 45% since the highs that were struck in December and into the most recent lows. This 45% move has not come in a straight line as we have seen...Read More
As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn't hurt that in the eyes of the Democrats and America's flourishing grievance industry, many of the perps happen to be privileged white men. Wells Fargo's bankers in particular have been...Read More
By: Ira EpsteinGold neutral, the battle ground around current levels..Read More
I read a critique on Litecoin recently. The basic premise was that Litecoin is just a testing ground or testnet for Bitcoin. The author seemed to insinuate that Litecoin had little value other than testing new technologies prior to Bitcoin implementing them and was not a valuable standalone cryptocurrency. Mike Novogratz also chimed in recently, calling Litecoin a "glorified testnet." Gold has an...Read More
On January 25th President Trump announced an end to the 35-day partial government shutdown. This day came as a relief to many of the 800,000 government employees and contractors who were left scrambling to cover their bills until their paychecks kicked in again. A lot of people did just fine during the government shutdown, thanks to emergency savings and the added safety net of a working spouse. B...Read More
Here at The Daily Edge, we’re all about finding market plays that can give you an advantage and make you more money.But it’s not just about the cash. Because it really is true that money can’t buy happiness. It’s what you DO with the money that really matters.Of course, I’m talking about things like:Affording the comfortable retirement you truly deserve.Paying for a s...Read More
Tax Day Monday. Have you filed yet?A tax professional friend of mine told me recently that he's surprised every year to see how many people leave their tax filing to the last minute.Continue...Read More
James Kwantes of Resource Opportunities profiles exploration geologist Dennis Moore and his company's Nevada projects. "Hello, you've reached Rock Bottom."It was the greeting for those calling Mongo's Rock Bottom Cafe, the popular expat bar opened by exploration geologist Dennis "Mongo" Moore and a partner in La Paz, Bolivia. That was in the early 1990s, before Bolivia became a rather unfriendly...Read More
This includes when they have sex, details about their pregnancy, moods, and even "the appearance of their cervical fluid."Continue...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times. Yhe yield curve and bonds can also be leading indicators. But there is one thing I’ve never mentioned, nor wri...Read More
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan National Army (LNA), a militia led by Khalifa Haftar, led to a spike in oil prices on Monday as the mark...Read More
One of the reasons given for allocating aportion of one’s investment assets to the precious metals sector such asphysical gold is that gold can be considered as an insurance policy against thedevaluation of paper money. On my office wall I have framed various bank notesfrom an 'inflationary' period of time which include the following:2,000,000 marks, Germany 1923100,000,000 Pengos, Hungry 19...Read More
During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the five-year periods following the two most recent yield inversions...Read More
US labor market strengthened again and the yield curveinversion looks to be over. Has the sky cleared? Hold on, Brexit is just aroundthe corner. Given the circumstances, are gold prices more likely to rise orfall? AmericaCreates almost 200,000 new jobs in MarchUS economy added 196,000 jobs last month, followinga disappointing rise of 33,000 in February (after an upward revision). Thenumber surpris...Read More
By: IRA EPSTEINGold breaks the downtrend, stalls at 18-DMA..Read More