Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market? As We Warned, Powell Is More Hawkish We have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell c...Read More
Dear Friend of GATA and Gold:Oh, for a journalist who would put a few serious questions to Franco-Nevada Chairman Pierre Lassonde, former chairman of the World Gold Council, when he says, as he told Daniela Cambone of Kitco News this week, that "gold is well-priced" and "where it should be."http://www.kitco.com/news/video/show/BMO-Conference-2018/1869/2018-02-28...Does Lassonde mean that gold is...Read More
By Steve St. AngeloWhile official sources forecast U.S. Gross Domestic Product (GDP) to surpass $20 trillion this year, the real figure is probably much less. So how much less is real U.S. GDP? Well, that depends on how it is measured. If we factor in energy consumption and the increase in total public debt, U.S. GDP is likely less than half of the current figure.Yes, it sounds insane to s...Read More
- Four key themes to drive gold prices in 2018 - World Gold Council annual review- Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018- Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010- "Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in s...Read More
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market?As We Warned, Powell Is More HawkishWe have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Po...Read More
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– Four key themes to drive gold prices in 2018 – World Gold Council annual review– Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018– Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010– “Strong gold price performance was a positive for investors and producers,...Read More
Glaring non-confirmations in the precious metals world...Dovetailing perfectly with my last missive entitled "Shenanigans", this week's COT report covers the period of February 13- 20th and is a classic example of price capping by the bullion banks. It ended on the day after President's Day with stocks coming off a nerve-rattling week and trying desperately to find their footing. It is no coincide...Read More
Remember the "tea party" revolt in 2009-2010 against government bailouts and government spending? Remember the "fiscal cliff" drama of Dec. 31, 2012, when Congress raised Continue...Read More
CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market?As We Warned, Powell Is More HawkishWe have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell could m...Read More
"We have the strongest economy in 40 years, at full employment. The mood is euphoric. But it is unsustainable and comes with costs such as bubbles in stocks and credit,"Continue...Read More
Full Article: State Of The EconomyBy: Gary WagnerIn his first testimony to the Congress, Jerome Powell, the newly appointed chairman of the Federal Reserve, said that the economy was in fact normalizing. As such, he made it clear that in next month's FOMC meeting each member will reevaluate the current monetary policy as it reflects upon the number of interest rate hikes this year.In other words,...Read More
By David HaggithThe Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil, and the stock market dances along in countermoves and wild swings. The main theme of my blog has always been that the Fed's centrally planned e...Read More
The Federal Reserve is now hacking its own zombie recovery to death and eating it by reversing the actions it employed to create this artificially supported recovery. Each time the Fed unwinds its balance sheet, 10-year bond rates recoil, and the stock market dances along in countermoves and wild swings. The main theme of my blog has always been that the Fed's centrally planned economic recovery d...Read More
Cranbrook, B.C., March 1st, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") has received notice from Aben Resources Ltd. (TSX-V: "ABN") confirming that permits are in place and camp construction has commenced on EPL's 100%-owned, 4,656 ha Chico Gold Project located 125km east of La Ronge, Saskatchewan and 40km south of SSR Mining's (formerly Silver Standard Resources) Seabee Gold Operation. Det...Read More
Dear Friend of GATA and Gold:Oh, for a journalist who would put a few serious questions to Franco-Nevada Chairman Pierre Lassonde, former chairman of the World Gold Council, when he says, as he told Daniela Cambone of Kitco News this week, that "gold is well-priced" and "where it should be."Does Lassonde mean that gold is doing as well as it could against the daily gold derivatives trading by cent...Read More
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market? As We Warned, Powell Is More Hawkish We have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell c...Read More
SummaryThe bear market for benchmark 10-year Treasury yield is at its end - disruption is comingNumerous indicators corroborate: we are in the midst of an economic transitionWill the Powell Fed quickly evolve into a strong counter-balance to the powerful economic transition?On an intraday basis, we explore these overarching themes overlaid on price behavior in my private investing community at MPt...Read More
"Ukraine will have no difficulty absorbing this system into its armed forces." Continue...Read More