Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar. Global trade tensions, threats of sanctions, rising U.S. interest rates and higher oil prices before they began to crater in October, that is also contributed to the selloff. From its 52-week hi...Read More
Yesterday we cracked open MMT - Modern Monetary Theory.Today we poke it, prod it, shake it, heckle it, harass it, roughhouse it, waterboard it... and see if it holds together.Did you miss yesterday's reckoning?Before pressing on we suggest you first catch up here.But to proceed…As explained yesterday, MMT is drawing a crowd nowadays.Its drummers claim it is a powerful tool to invigorate the...Read More
It's on!After agreeing to temporarily end the partial government shutdown last Friday, the president and House Speaker Nancy Pelosi spoke by telephone on Monday to resolve issues regarding the State of the Union address.In his formal response after a 12-minute phone conversation initiated by the speaker, the president wrote:“Thank you for your letter inviting me to deliver the State of the U...Read More
"Indian debt is going higher, and higher, and higher."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so....Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
The Canadian Oil Patch is the most beaten-up and hated-on oil sector in the world. Over the past few months, the Canadian oil sector has been more volatile than I can remember.Continue...Read More
"It is now time to start coming home and, after many years, spending our money wisely. Certain people must get smart!"Continue...Read More
A ballistic missile facility deep in the Saudi desert has been revealed by satellite imagery, U.S. defense experts say.Continue...Read More
*If the volume isn't working, click the volume icon located in the bottom right hand corner of the video playerThe Fed CAVED. Maybe they did it to please the Donald. Maybe they did it because they know the tax cuts aren't working and the economy isn't being stimulated. Whatever the reason, it has national and global repercussions.?>>?*If the volume isn't working, click the volume icon located in t...Read More
The 2019 World Economic Forum Annual Meeting is in the books. This is an elite conference that takes place at the end of January every year. It's held in the exclusive ski resort Continue...Read More
Feb 04, 2019 Guest(s): Victoria Reynolds Senior Director, Tiffany & Co. Editor's note: this video was originally aired on February 3, 2017. When people think Super Bowl, they rarely think precious metals. But, the most watched U.S. sports event of the year might actually have more silver than you think. The coveted Vince Lombardi trophy is designed and made by Tiffany & Co. According to seni...Read More
Farming has been around for thousands of years and has arguably done more to shape human history and society than almost any other activity. Nonetheless, within Continue...Read More
By: Gary ChristensonGold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.WHAT WALL OF WORRY?Really? You have to ask? Financial, stock market, debt and political worries come to mind:Global debt is about $250 trillion. The lenders expect to be repaid plus interest....Read More
By: Richard (Rick) Mills Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting starting on Tuesday afternoon. The Fed raised interest rates four times in 2018 but some officials have...Read More
Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be "patient." (Now there's a word that will reverberate through history!) AAPL's and Boeing's handlers had already gotten the jump on the Fed chairman's latest PR mutterance, deftly engineering respec...Read More
The Dow wasn't so resilient in today's trading, thoughTech stocks stole the spotlight today, thanks to blowout Facebook (FB) earnings. The FAANG stock surged 10.8%, keeping the Nasdaq in positive territory the whole session. The S&P 500 also closed higher after President Donald Trump tweeted a final U.S.-China trade deal won't be made until he meets with Chinese President Xi Jinping. However, the...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
MYL just ran into a historically bearish trendlineEpiPen producer Mylan NV (NASDAQ:MYL) yesterday rallied more than 7% on Food and Drug Administration (FDA) approval for the company's generic version of Advair. As such, Mizuho this morning raised its price target to $32 from $28. The stock is trading lower today, though -- down 2.8% at $29.96, at last check -- and MYL just flashed a historically b...Read More
Bill Miller is a fan of a pair of beauty stocksOptions traders are blasting surging cosmetics stocks Avon Products, Inc. (NYSE:AVP) and Coty Inc (NYES:COTY) today, on bullish buzz from Bill Miller. The portfolio manager told CNBC that AVP is an "emerging market opportunity," and "could be a 10-bagger in the next three to five years." In addition to unveiling a long position in Avon, Miller said he...Read More