The Dow Jones Industrial Average and the Nasdaq hit intraday highs on Thursday, Jan. 11, as a rebound in bond yields offset trade tensions linked to Donald Trump's warning on Nafta membership for the U.S. The Dow rose 94 points, or 0.37%. The blue-chip index was led by General Electric Co. (GE) , Boeing Co. (BA) and Caterpillar Inc. (CAT) . The S&P 500 gained 0.36%, and the Nasdaq...Read More
Wall Street futures held onto modest gains heading into the start of trading Thursday, while European and Asia stocks drifted lower as a rebound for bond yields failed to offset trade tensions linked to President Donald Trump's warning on NAFTA membership. Early indications from U.S. equity futures suggest modest gains for the three major benchmarks after stocks snapped a six-day winning st...Read More
Confusion and uncertainty reign in financial markets, helping gold prices rally in the face of higher bond yields, as traders continue to assess whether or not China will continue to buy U.S. Treasuries. Early Thursday, Chinese officials denied reports that the central bank is looking at slowing its U.S. bond purchases. According to reports, while the central bank is diversifying its foreign-exc...Read More
Newest of major royalty companies has rapid growth.Revenue to double in next six years.Investments in juniors to pay off.It is now the turn of the new boy on the block to catch up. A little more than two years ago, I wrote an article, published here, on the major gold royalty companies. One, Franco-Nevada, I called the blue-chip of the group; today, its stock price is virtually doubled where it wa...Read More
Polyus is underperforming despite strong cost dynamics.Significance of Fosun deal is not enough to outperform the stock market.Favorable outlook is imminent with attractive dividends and diverse range of growth projects. Image source: TRUST.UA Investment Thesis Polyus Gold International Limited (LON:PGIL) delivers stable earnings due to higher production, despite wobbly trends in the Russian curr...Read More
In last year's roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short-term rates have remained around zero. That will be a core pattern throughout 2018.Central banks may tweak a few rates here and there, announce some tapering due to "economic growth", or def...Read More
A monumental policy shift announced by the U.S. federal government on pot last Thursday sent the pot markets into a frenzy.U.S. Attorney General Jeff Sessions' announcement that he will roll back the Obama-era "Cole memo" marijuana protections triggered a massive sell-off of pot stocks, especially in U.S.-based companies.Early morning Friday, it was anyone's guess how the U.S. pot market might be...Read More
The stock market dropped yesterday - finally.For the first time in 2018, the major averages dipped into the red to close out a quiet trading session.I know it sounds ridiculous, but some traders are annoyed that the market broke its streak and finished lower. While I don't think I need to write this, I will anyway: the stock market must go down sometimes. Some people are forgetting this inconvenie...Read More
You have to admire the de facto ruler of Saudi Arabia — the young Saudi Crown Prince Mohammed bin Salman.The man is taking a stand against the decades of corruption that has taken place at the top of Saudi society. The Crown Prince seeks the return of wealth that has been stolen from the Saudi people by a select few...Source: Middle East PressThe main targets of the Crown Prince’s hous...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
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
The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars wh...Read More
Walmart made two announcements yesterday that perfectly illustrate the dilemma facing the developed world. First, the omnipresent retailer raised its minimum Continue...Read More
By Jeff ClarkCrypto and stock prices grabbed most of the investment headlines in 2017. But by the end of 2018, a different asset class is bound to spark investor's attention.There are multiple reasons for that, starting with the fact that no trend or bull market lasts forever. But it's about more than just the prolonged run in equities and runaway prices in cryptos.There are three specific devel...Read More
China has been accumulating gold for years, and are now taking steps to tie it to yuan. Interest rates in the U.S. are rising, and the Chinese are not so eager to keep piling up on U.S. dollars and U.S. Treasury debt. Ron Paul discusses on The Liberty Report!Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, inc...Read More
By Gary TanashianSince January 2013 we have been using the worldwide Semiconductor Equipment industry as a leader within the Semiconductor sector, which is an economic cyclical leader itself. That month we noted a positive move in Equipment bookings, which became a (3 month) trend that spring. This trend was used to project positive economic signals to come.Through some turbulence in 2014 and 20...Read More