Equity price action suggests economic slowdown concerns could be overblownApril got off to decent start for stock bulls, with the S&P 500 Index (SPX - 2,892.74) tallying its second consecutive week of gains and its 12th weekly gain in the last 15 weeks. A positive April would make it four consecutive months of gains, which hasn't occurred since July 2018. Despite the SPX displaying a 15.4% year-to...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
(Adds details, background on IPOs)April 8 (Reuters) - Pinterest Inc on Monday set a pricerange of $15 to $17 per share for its initial public offering of75 million shares, valuing it below the $12 billion at which theonline image-search company sourced its last fundraising in2017. At the upper end of its target range, the company could havea market valuation of about $11.30 billion and could raise...Read More
(Updates prices) * Spot prices recover further from last week's 10-week low * Gold specs cut net long positions in week to April 2 * SPDR gold holdings fell about 3 percent last week * Platinum hits its highest since May 2018 at $914.74/ozBy Sumita LayekApril 8 (Reuters) - Gold prices rose to a more than aone-week peak on Monday as the dollar slipped on slow U.S. wagegrowth last month and a rally...Read More
Students at the University of British Columbia's Norman B. Keevil Institute of Mining Engineering are partnering with tech company Riivos Inc. to design their Mine and Plant Feasibility Study capstone projects.The projects are part of their required courses and in order to complete them, the students are using a Riivos-built mining financial technology software that allows them to quickly and easi...Read More
* GRAPHIC-2019 asset returns: (Adds Indonesia tin exports, updates with closing prices)By Eric OnstadLONDON, April 8 (Reuters) - Copper prices rose on Monday onnews of fresh stimulus measures in top metals consumer China andhopes for a U.S.-China trade deal.Other industrial metals, such as zinc, were dampened by theprospect of rising supply and producer selling.China said on Monday it would relax...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 analys...Read More
Barrick Gold Corp. boosted Executive Chairman John Thornton's total compensation last year 67 percent to $12.9 million, rewarding the former investment banker for the company's performance and his role in the merger with Randgold Resources Ltd.Thornton received a $9.74 million bonus on top of his $2.5 million salary, according to a regulatory filing Friday. He used most of the after-tax proceeds o...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold rose 1 percent to briefly breach $1,300 an ounce on Monday, and remained at its highest in more than one week as the dollar slipped and a recent equities rally paused.Spot gold was up 0.5 percent at $1,297.22 an ounce a...Read More
April 5th, 2019(S14-E690)Featured GuestsEd Moya &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).Ed Moya, Chief Market Strategist at Oanda makes his show debut with comments on equities, PMs, Bitcoin and crude oil. Our guest notes the price of gold would be much higher if the trad...Read More
I was in receipt of the following erudite communication about Commercial gold short positions yesterday from a friend in Toronto..."Re: HOLY SHISA BATMAN: THE COMMERCIALS COVERED OVER 70 000 Gold Short Contracts!!!!!!!!!!!!!!!!!!!!!!!! - Can you say WOW!!!!!!!!!!"...and while I myself would perhaps have expressed this in a somewhat more restrained manner, the point is certainly worth taking, esp...Read More
By: David Chapman"If the market does not rally, as it should during bullish seasonal periods, it is a sign that other forces are stronger and that when the seasonal period ends those forces will really have their say." Edson Gould, stock market analyst, Findings & Forecasts, 1902-1987 "Early in March (1960), Dr. Arthur F. Burns called on me.... Burns' conclusion was that unless some decisive ac...Read More
The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans of economic tightening. With that event fulfilled, I'm now predicting a 2019 recession as the major economic news for this year (...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price didn't do much during the first two hours of trading once it began at 6:00 p.m. EDT on Thursday evening in New York. But then the price pressure began -- and that sell-off lasted until a few minutes after 12 o'clock noon in Shanghai on their Friday. Except for a rather violent down/up move at 8:30 a.m. in New York wh...Read More
By: Jp CortezSix Other States Now Weighing Their Own Bills to End Taxes on Gold & SilverBefore the ink could even dry on West Virginia Governor Jim Justice's signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states.All told, 39 states have now reduced or eliminated sales...Read More
By: Richard (Rick) Mills, Ahead of the herd Mining is all around us, though invisible to urban dwellers, so it's easy to forget that we live in a world of finite resources. Unlike forestry or agriculture, whose crops are renewable, once ore comes out of the ground and is processed into metals, it's gone for good. Some industrial metals are recycled after mining, like copper, but this only exten...Read More
- Unwise Investment- Zombie Companies- Gummed-Up Economy- Uncreative Destruction- The Drive for Scale- Helicopter Governments- Cleveland, Chicago, Dallas, and SICRecession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data available on April 4, says recession isn't likely this year but unfortunately looks very pr...Read More
By: Patrick J. BuchananIn the new Democratic Party, where women and people of color are to lead, and the white men are to stand back, the presidential field has begun to sort itself out somewhat problematically.According to a Real Clear Politics average of five polls between mid-March and April 1, four white men Joe Biden, Bernie Sanders, "Beto" O'Rourke and Pete Buttigieg have corralled 62...Read More
April 5th, 2019(S14-E690)Featured GuestsEd Moya &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).Ed Moya, Chief Market Strategist at Oanda makes his show debut with comments on equities, PMs, Bitcoin and crude oil. Our guest notes the price of gold would be much higher if the trad...Read More