* European stocks hit session lows after poor U.S. PMI* German flash manufacturing PMI shows lowest reading in6-1/5 yrs * Banks, auto stocks post steep falls (Updates to include U.S. PMI data, closing prices)By Susan Mathew and Medha SinghMarch 22 (Reuters) - European stock markets deepened losseson Friday, closing near session lows, as fears of a slowdown inglobal growth after weak manufacturing...Read More
Technical and market analysis of gold's position.Defining the gold market and vanishing liquidity.Portfolio switching from fiat to gold.Note: This article is not and must not be construed as investment advice. It is analysis based purely on economic theory and empirical evidence. The global economic outlook is deteriorating. Government borrowing in the deficit countries will therefore escalate...Read More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) could close its Golden Sunlight mine in Montana as soon as May, unless the company finds a way to keep the 44-year-old and nearly depleted operation in business.Barrick is limiting mining to existing areas only, with a final new mill run to process gold ore scheduled in two monthsUnderground development has already ceased, and Barrick is limiting m...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Leonhard Foeger | ReutersGold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.Gold edged higher on Friday as weak economic data from the euro zone exacerbated fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months.Spot gold was up about 0.2 percent at $1,3...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
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher despite Federal Reserve concerns over slowing global growth. Biogen Inc. (BIIB) tumbled 29.2% after the biotech company dropped a late-stage trial for aducanumab, an Alzheimer's disease drug. Shares Levi Strauss & Co. (LEVI) soared nearly 32% as the clothing company opened for...Read More
The Thursday Market Minute Global stocks mixed following Fed's dovish tilt, with the dollar index sliding to multi-week lows and bond yields declining across the boardEquity market gains, however, were capped by comments from President Donald Trump, who said tariffs on China-made goods could remain in place "for a substantial period of time".European stocks slip from late-September highs, with G...Read More
Investing.com - Gold prices rose on Thursday in Asia after the Federal Reserve ruled out the chances of any interest rate hike this year.Gold futures were up 1.3% at $1318.45 on the Comex division of the New York Mercantile Exchange by 1:00 AM ET (05:00 GMT)The Fed left rates unchanged overnight amid concerns over slowing growth both domestically and abroad and abandoned projections for any intere...Read More
By: IRA EPSTEINYield curve inversion on the treasury bond markets, market issuing warning signs. Gold gained on the day as the stock market went down. People ran to safe havens:Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 204,325115,92968,691186,704302,363459,720486,983 Change from Prior Reporting Period -925-10,502-6,520-5,3251,860-12,770-15,162 Traders 19368815256280176 Small Speculators LongShortOpen Interest 54,44327,180514,163 -3,097-705-15,867 non reportable position...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared rea...Read More
The sun will rise. Destruction is not inevitable.Self-destructive behaviors affect individuals, cities and nations. They include opioid addictions, alcohol abuse, excessive debt, corruption, negative interest rates, chemically poisoned food, wealth taxes, insolvent pension plans, insane spending, and hundreds more.Narrow the focus to fiscal and monetary behaviors. The self-destructive list remai...Read More
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More
By: Dave Kranzler"You've really seen the limits of monetary and fiscal policy in its ability to extend out a long boom period." - Josh Friedman, Co-Chairman of Canyon Partners (a "deep value," credit-driven hedge fund)The Fed's abrupt policy reversal says it all. No more rate hikes (yes, one is "scheduled" for 2020 but that's fake news) and the balance sheet run-off is being "tapered" but will...Read More
TOPICS IN THIS INTERVIEW:02:40 Manipulation' analysis of precious metals07:10 Is the Gold bull market confirmed, alongside equities?12:10 The biggest losers of an economic reset21:30 Palladium's physical shortage exposing Gold and Silver's price manipulation!30:10 "2019 is reminiscent of 2010!"Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF...Read More
COLORADO SPRINGS, March 21, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced ongoing Mirador Mine development crosscut six (6) meters of the Independencia vein which assayed 992 grams per tonne (g/t) silver. Mineral from this new area is now being processed at the Company's milling facility. Earlier drill results from this area inc...Read More
So much for the 2858.75 print in the E-Mini S&Ps earlier this week that I'd said might mark an important top. Thursday's muscular short squeeze impaled this 'Hidden Pivot' resistance, leaving the futures above it at the close. It also put in play an alternative scenario I'd mentioned i.e., a move above 3,000. The chart shows a 'secondary pivot' at 3005.63 that can serve for now as a minimu...Read More
"The Fed has effectively broadcast the message: WE WERE WRONG."Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America....Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
With each passing month, we're greeted with more evidence of a fact that The Federal Reserve has no idea what it's doing. For many of us, this is not the least bit of a surprise. Central planning of the economy cannot work. Yet, never ones to admit that they're wrong, the main job of a central planner is to find just one more way to kick the can down the road. Eventually, they must run out of sche...Read More