Here's one of my favorite Washington paradoxes...On one hand, politicians say they want to help Americans save more for retirement.On the other, they look for every possible way to punish people who actually succeed in the endeavor. For proof of this look no further than a new bill that recently passed through the House Ways and Means Committee with unanimous support. It's called the SECURE Act an...Read More
QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development.Thank youPKANSWER: Central banks are in a very difficult position. The ECB has really put the entire world at risk. Draghi is no...Read More
Apr 18, 2019 Guest(s): Jim Rickards Best-selling Author The economy is vulnerable to economic "chaos" due to several monetary and policy mistakes made since the 2008 recession, said best-selling author Jim Rickards. His new book "Aftermath: Seven Secrets of Wealth Preservation In The Coming Chaos" details how the last economic crisis never really ended. "Technically, the recession was over in Ju...Read More
In an article last year entitled "Bankruptcy 1995 Revisited", I presented a detailed analysis of the US government's financial position. It wasn't a pretty picture then,Continue...Read More
Central banks are in a very difficult position. The ECB has really put the entire world at risk. Draghi is now realizing that negative interest rates have seriously harmedContinue...Read More
Jordan Roy-Byrne, Editor Of The Daily Gold joins me to discuss the gold charts as well as the underlying stocks. We look at the charts and share our thoughts on where they could move and what can help drive these moves.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which...Read More
Conspiracy theorists are out in force, proclaiming the Notre Dame Cathedral fire an intentional act against the Catholic faith just days before Easter. Paris officials Continue...Read More
Apr 19, 2019 Guest(s): Jim Rickards Best-selling Author Best-selling author Jim Rickards has shown how an investor saving for retirement could do better holding gold than stocks, and in his new book, "Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos," he outlines how gold is integral to his investment strategy. In Rickard's study, two fictitious investors began saving with the...Read More
Today (April 17) I heard a NPR "news" report that described the democratically elected president of Venezuela as "the Venezuelan dictator Maduro." By repeating over and over Continue...Read More
By: Jordan Roy-Byrne CMT, MFTA The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally.However, that doesn't preclude a te...Read More
When the S&Ps took a bold leap on December 26 after plummeting 500 points earlier in the month, few could have imagined what would happen next. It were as though, missing an arm and a leg, a soldier had vaulted from a trench in the heat of the Battle of the Somme and shouted "Vive la France!" In the movie, the soldier is dead before he stumbles and hits the ground. But on Wall Street, U.S. stock...Read More
By: Ira EpsteinGold trading into a market downtrend, oversold but $1,280 level in play...Read More
Gold and silver are still not out of the bear shadow. If they fall today, then they will crash. India is closed tomorrow. In India this is the biggest holiday week of the year. If Indian gold prices fall, then jewelers will have the best sale of the current year. A hopefully good jewelry sale will result higher Indian gold demand next week. Day traders need to remain on the sidelines today. Tr...Read More
A bearish reversal from UNH kept a lid on the Dow's gains, thoughStocks finished the day higher, with the Dow seeing a late push from a Reuters report that said the Federal Aviation Administration's review board deemed Boeing's (BA) software fix for its 737 Max aircraft to be "operationally suitable" -- news that sent BA stock up 1.7%. A bearish reversal for UnitedHealth Group (UNH) kept a lid on...Read More
Former U.S. interior secretary Ryan Zinke has joined the board of a tiny gold mining company with projects in Nevada and Wyoming.U.S. Gold Corp., based in Elko, Nevada, has a market capitalization of about $20 million. Zinke is one of six board members for the company, according to its website.Zinke left his post in January amid several federal investigations into his travel, political activity an...Read More
Aztec Minerals (TSXV: AZT) recently flew a magnetic and radiometric survey over its Cervantes copper-gold project in Sonora, Mexico, that identified 11 porphyry targets. Follow up work by the company will initially target four main targets: California, Estrella, California North and Purisima East.The survey supports the company's belief that the project contains multiple porphyry cells along a nor...Read More
The writing is on the wall for Canadian mining companies and it has been for quite some time. Their glory days as a global leaders are fading - and mega-mergers won't bring salvation.Market signals are already showing troubling signs of this shift in the sector. While Canada's GDP saw a 0.3% lift in January, which was the biggest gain in eight months, this dramatic uptick didn't spill over into ev...Read More
The FDA ordered BSX to remove its transvaginal surgical mesh implants from the U.S. marketMedical device maker Boston Scientific Corporation (NYSE:BSX) is in hot water today, after the U.S. Food and Drug Administration (FDA) ordered the company to halt the sale and distribution of its transvaginal surgical mesh implants, questioning the safety of the product. The FDA is giving Boston Scientific 10...Read More
VFF put options are all the rage todayMany weed stocks are higher today, after sector leader Canopy Growth's (CGC) CEO reportedly projected revenue of $744 million this year. However, one cannabis name sitting out today's uptrend is Village Farms International Inc (NASDAQ:VFF), down 14.4% to trade at $10.84, after a scathing report from notorious short seller Citron Research, which called on the S...Read More
SKX is moving further beyond the 320-day trendlineShoemaker Skechers USA Inc (NYSE:SKX) is slated to report first-quarter earnings before the market opens, Thursday, April 18. The security has been moving higher in recent weeks, and was last seen back above the $34 mark. Another notable trendline the shares have utilized is the 320-day moving average, which has been support since mid-February. At...Read More