Jan 13, 2018 Guest(s): Robert Kiyosaki Holding real gold is the best way to have steady income, says Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad" and his latest book "Why The Rich Are Getting Richer."Kiyosaki has been a self-proclaimed gold bug since 1972, and in his latest interview with Kitco News, he explained his journey with the yellow metal, from his first foray into gold w...Read More
Sprott's Rick Rule tells Silver Doctors if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple.Almost every asset class has been rising. Over the last month, gold and silver have been playing "catchup," Rule says.The size of the precious metal market is tiny right now in comparison to other asset classes. Rule reveals that if precio...Read More
The rebound in the precious metals sector continues. Friday, Gold pushed to another newContinue...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
For more than three decades, my grasp of economic and business fundamentals, demographics, and cycles has allowed me to empower my readers... to let them see aheadContinue...Read More
For Part 2 of this interview, CLICK HERE"I like crashes because everything goes on sale."Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW...Read More
Justin's note: Today, I'm continuing my conversation with Doug Casey on controversial buzzwords... and why it's critical that you think for yourself. If you missed Part I, you can catch up here.Continue...Read More
CHARACTERISTICS OF BUBBLE CRAZINESS:U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone!Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher.Bonds yield little, and in many European countries, less than zero. Central banks have created this distortion to the detriment of savers, insurance companies and pension fund...Read More
CloseGain/LossGold $1321.80+$4.40Silver$16.98UNCHXAU87.04+1.13%HUI195.52+0.64%GDM653.12+0.43%JSE Gold1325.12+12.06USD91.90-0.42Euro120.32+0.75Yen90.03+0.24Oil$63.80+$0.2310-Year2.536%-0.016T-Bond150.3125+0.25Dow25574.73+0.81%Nasdaq7211.78+0.81%S&P2767.56+0.70% The Metals: Gold edged down to $1315.70 in Asia, but it then chopped up to as high as $1323.90 in New York and ended with a gain of...Read More
- Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying- Equities fell sharply on the report as did Treasurys and the U.S. dollar- Chinese officials think U.S. debt is becoming less attractive compared to other assets- Trade tensions could provide a reason to slow down or halt U.S. debt purchases- U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign de...Read More
In my view there is nothing special about China's intention of reducing US treasury investment. This was bound to happen much earlier. China is "thee" happening place for the global financial service industry. It has opened up its economy for global investors. China is moving towards a service oriented growth from a manufacturing growth. Chinese moves economically or geopolitically is antagonizi...Read More
(Adds detail on current category of Alphabet and Facebook)By Noel RandewichSAN FRANCISCO, Jan 11 (Reuters) - S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp , Netflix , Facebook and Alphabet to the newly broadened category. In an overhaul of the Global Industry Classification Standard, or GICS, an industry taxonomy...Read More
* ECB minutes say policymakers could revisit message soon* Yen on track for steep weekly gain after BOJ bond tweak* Bitcoin pressured by South Korean cryptocurrency ban plan By Lisa TwaroniteTOKYO, Jan 12 (Reuters) - The dollar slumped against rivals on Friday on the back of weak factory inflation data, while the euro enjoyed solid support after the European Central Bank hinted that it could be g...Read More
(Adds details on companies included in changes)By Noel RandewichSAN FRANCISCO, Jan 11 (Reuters) - S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp , Netflix , Facebook and Alphabet to the newly broadened category. In an overhaul of the Global Industry Classification Standard, or GICS, an industry taxonomy widely use...Read More
(Adds comments from central bank and analyst, context)LIMA, Jan 11 (Reuters) - Peru's central bank lowered the benchmark interest rate to 3 percent as widely expected on Thursday, citing disappointing government spending in the fourth quarter and weak economic growth that was starting to dampen inflation.The decision follows a sharp drop in business expectations for growth following a political c...Read More
* NZ November dwelling consents rise 10.4 pct* Reverses sharp drop in previous month* Points to much needed pick-up in development - economists (Recasts, adds economist comment, market reaction)WELLINGTON, Jan 12 (Reuters) - New Zealand residential building approvals bounced in November after a sharp drop the previous month, quelling concerns housing development had run out of steam as the governm...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.1 pct, CSI300 -0.1 pct, HSI +0.1 pct* Shanghai->HK daily quota used 11.2 pct* HK->Shenzhen Connect daily quota used 2.4 pct, Shenzhen->HK daily quota used 5.6 pct* CNY official close 6.4978 per dollar* FTSE China A50 -0.2 pct, BNY Mellon ADR China Select Index +1.1 pct SHANGHAI, Jan 12 (Reuters) - Following is a list of recent corporate and poli...Read More
(Recasts with Mexican peso, updates prices)MEXICO CITY, Jan 11 (Reuters) - The Mexican peso strengthened slightly on Thursday, even as U.S. Treasury Secretary Steven Mnuchin acknowledged that the United States may pull out of the North American Free Trade Agreement (NAFTA).The peso weakened significantly on Wednesday after a Reuters report said Canada increasingly believes that President Donald Tr...Read More
David LjunggrenLONDON, Ontario (Reuters) - Canada is talking tough with the United States, stressing its determination to push back against what it says are unfair trade practices ahead of crucial talks to revamp the tri-nation North American Free Trade Agreement.U.S., Canadian and Mexican officials meet this month for the sixth and penultimate round of talks to update NAFTA, which President Donal...Read More
Jonathan SpicerNEW YORK (Reuters) - One of the Federal Reserve’s most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump’s sweeping tax cuts, warning they put the country on an unsustainable fiscal path that will imperil the economy’s stability down the road.New York Fed President William Dudley, a key architect of the U.S. central ba...Read More