The old signposts can no longer be trusted, we noted in Friday's reckoning.Like Nazi saboteurs redirecting road signs during the Battle of the Bulge, the Fed sent investors off in the wrong direction...After the crash of 2008, interest rates would have soared.Marginal companies dependent on low interest rates and cheap credit would have gone the way of all flesh.The pain of bankruptcy would have b...Read More
In 2009, the financial world was in full meltdown.Ironically, weeks before the S&P 500 bottomed at 666, the genesis for one of the biggest current trends in tech and finance kicked off.It happened when the first block of bitcoin, called the genesis block, was issued by its elusive inventor Satoshi Nakamoto.Months earlier, Nakamoto wrote a paper describing how a new digital currency could be us...Read More
Your strongest beliefs are tearing your portfolio apart.You're biased. You like Apple iPhones, Nike sneakers, and Shake Shack burgers. In your world, the quality and value of these brands are unmatched by the competition. Of course, this also means their respective share prices can only go higher.When you're emotionally attached to a company, it's easy to excuse a bad quarter, a botched product la...Read More
I'm getting sick and tired of the fake news popping up just about everywhere.Personally, I feel manipulated every time I read a story on what's happening in Washington. It happens on both the left and the right sides of the spectrum.No one is reporting the actual political story. Instead, it seems like every journalist is writing with the express intent to sway me towards their opinion of what is...Read More
It is now an article of faith…Pre-2008 markets were far more sensitive to negative shocks than today's.Because of the Federal Reserve's massive interventions since the crisis... today's markets are not nearly so sensitive to shocks.But is it true?Our own James Altucher once ran a fascinating study...He ransacked market history from WWII through the seismic events of Sept. 11, 2001.His purpos...Read More
The economy has been trapped in a one-step-forward, two-steps-back cycle.It has been an economy of false starts... false dawns... and false promises.Third-quarter 2017 GDP expanded at a 3.2% annualized rate - its best quarter in two years.One step forward.A Bloomberg survey of economists predicted another 3% annualized expansion for last year's final quarter.Another step forward, that is.As recent...Read More
Kinross Gold, the world's fourth-largest gold miner, owns nine producing mines worldwide.I estimate production for the 4Q'17 at around 630K Oz or a revenue of $810 million or down 2% sequentially.Kinross Gold presents an exciting potential for future growth with the Tasiast Phase I nearly completed. It is important to perceive any stock weakness as an opportunity to accumulate. Investment Thes...Read More
Gold RunAll That Glitters Is the Dollar's WeaknessThe metal's recent rise isn't about inflation rising or cryptocurrencies falling.By Marcus Ashworth@marcusashworthMore stories by Marcus AshworthRead More
Bob Moriarty ArchivesJan 30, 2018Investors love seeing companies pick up projects with giant potential in the tens of million ounces of gold and billions of pounds of copper, zinc or lead. Investors love big projects. They should hate them. They are a curse. Porphyriesandalkaline intrusivesystems can be humongous. CrippleCreek in Colorado is an alkaline intrusive system and was the source of over...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 30, 2018Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era”.The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easin...Read More
CloseGain/LossGold $1336.80-$5.20Silver$17.11-$0.07XAU86.56-1.03%HUI194.03-0.89%GDM656.14-1.09%JSE Gold1239.40-60.77USD89.23-0.13Euro123.97+0.14Yen91.97+0.06Oil$64.50-$1.0610-Year2.724%+0.033T-Bond147.34375-0.78125Dow26076.89-1.37%Nasdaq7402.48-0.86%S&P2822.43-1.09% The Metals: Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then...Read More
By Ira EpsteinGold and silver fall into support levels off of rising US interest rates and stock market correction.https://www.iraepstein.com/ Read More
Eric Griffin takes your top questions to ITM Trading's Chief Market Analyst Lynette Zang.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 st...Read More
Many are the metaphors used to describe the agent that initiates a major crisis. Light the fuse, or pull the trigger, pull the rug out from under the room, or pull on the string for unraveling the sweater, these are commonly heard. What comes soon is the Bonfire of the Vanities, a term the Jackass prefers since irony is thick. Hardly the burning of objects deemed as tempting toward occasions of...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Graceland Updates By Stewart Thomson 1. Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a "bull era".2. The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easing. There's an outside chance that bank deregulation is addressed, but tha...Read More
Gold and silver should see further appreciation in 2018 through 2020, said David Morgan of The Morgan Report. David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious...Read More
Last week the Senate confirmed Jerome Powell as Federal Reserve Chairman by a vote of 84-13. This is in contrast to the contentious debates and closer votes over Janet Yellen's confirmation in 2014 and Ben Bernanke's confirmation for a second term in 2010. Powell benefited from a perception that the economy's recovery from the 2007-08 meltdown proves that the Fed is a capable manager of monetary...Read More
By BullionStarThe traditional phrase "worth your weight in gold" has been used since Roman times, and is a well-known saying signifying that someone or something is very valuable, helpful, or to be treasured.But taken literally, what 'value' would a person be worth if they were worth their own weight in gold?For a given gold price, the answer not surprisingly depends on the person's weight, so...Read More
Have you ever seen this much gold in one place? In this video Mike Maloney shows the remarkable images coming out of Russia that are evidence of their recent surge in gold reserves. What do they see coming? Is this a subtle challenge to Fort Knox and their ongoing lack of transparency? Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.c...Read More