Usually we have a commentary of some kind as a back story to what is going on in the PMs. Our commentaries have become fewer and fartherbetween because of the absurdity of government control, which in turn is controlled by the ruling elite.Not a day goes by that the president elect, Donald Trump, is not severely criticized by mainstream media, both televised and in print.We have never seen this ki...Read More
Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point which suggests the bulls are eager to get positioned. A touch of the top rail will complete...Read More
The Heart and Soul of French Canada - "Rocket" RichardThe face you see above is none other than the man I watched in 1958 (I was five) score an unassisted goal carrying two Maple Leaf defencemen on his back - Maurice "the Rocket" Richard. The Rocket was the first player in NHL history to score fifty goals in regular season play (1944-45) but what set him apart was that he did it in fifty games, a...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short-term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More
Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point, which suggests the bulls are eager to get positioned. A touch of the top rail will complete...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:"With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play."and then on Jan. 7, in NFTRH 481:"What HUI actually did was immediately push up into...Read More
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Power.Read More
Click Here to Listen to the InterviewBill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bi...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Continue...Read More
Jan 13, 2018 Guest(s): Robert Kiyosaki Fiat money will lose its significance to precious metals and cryptocurrencies in the coming decades, said Robert Kiyosaki, best selling author of "Rich Dad Poor Dad" and his latest book "Why The Rich Are Getting Richer."A self-proclaimed gold bug, Kiyosaki is one of the few investors to be bullish on both Bitcoin and gold. In an exclusive interview with Ki...Read More
Jan 15, 2018 Guest(s): Paul Mladjenovic Author, Precious Metals Investing For Dummies Stock markets are at an all-time high despite overstretched valuations, but one best-selling author sees more upside in equities.Paul Mladjenovic, author of "Stock Investing For Dummies" and "Precious Metals Investing For Dummies," told Kitco News that recent political reforms in the U.S. could still create tai...Read More
Jan 15, 2018 Guest(s): Gerald Celente Publisher, The Trends Journal A new paradigm shift in support of cryptocurrencies means the world is going digital, says Gerald Celente, publisher of the Trends Journal.In an interview with Kitco News, Celente said that digital currencies like bitcoin will continue to gain popularity because people have lost faith in fiat currencies."It's a populist generati...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”and then on Jan. 7, in NFTRH 481:“What HUI actually did was immedia...Read More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort289,16185,87369,270150,099370,370508,530525,513Change from Prior Reporting Period 47,7337,7139,222-5,00537,66651,95054,601Traders17990854554263194 Small Speculators LongShortOpen Interest 46,92529,942555,455 2,77412354,724 non reportable positionsChange from the previous reportin...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
Happy Lohri, Makar Sankranti and Pongal to everyoneMonday US markets are closed. Traders will take positions for Tuesday. The hawkish European central bank meeting also supported gold prices. Next week, the Federal Reserve Beige book and US housing numbers will affect metals as well as currency markets. Traders expect a strong growth view from the Federal Reserve. If consumer price index numbers...Read More
Source: Clive Maund for Streetwise Reports 01/11/2018Technical analyst Clive Maund discusses why he believes a massive new sector bull market is about to begin in gold and silver.When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the "everything bubble" getting closer to bursting, leading to universal mess and mayhem, there could n...Read More
Jan 13 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS15-Jan Netherlands DTC auction15-Jan NorwayAuction of Treasury bills16-Jan Japan Auction of 5-year government bonds16-Jan Spain Auction of 6- and 12-month Treasury bills17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 3...Read More
Jan 13 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 15LONDON - Bank of England Economist Silvana Tenreyro speaks on "The Fall i...Read More