By RambusTonight I would like to start out by looking at the $CDNX, Canadian Venture Composite Index, which blasted higher last week and is following through this week. The reason this index is so important is because it not only has many junior precious metals stocks, but also many small cap energy related stocks as well as other speculative venture capital stocks from other sectors. This is a...Read More
By Gary SavageThe gold:oil ratio has been trending in favor of oil for a number of months. I look for this trend to reverse soon in favor of gold.https://blog.smartmoneytrackerpremium.com/ Read More
- Palladium prices surge to new record high over $1,100/oz today- Palladium surges past record nominal price seen in 2001 after 55% surge in 2017- Best-performing precious metal and commodity of 2017 is palladium- Palladium prices top platinum prices for first time in 16 years- Strong Chinese car demand and switch from diesel to petrol cars sees demand surge- Supply crunch as six year supply...Read More
Gold prices reached a five-month low of $1,241 on Dec. 12, but they are now up nearly 6.3% since that dip less than a month ago. That has investors wondering, "Should I buy gold in 2018?"While every investor has different goals, we think investing in gold in 2018 will be one of the most profitable decisions you can make this year.In just a bit, we'll show you Money Morning Resource Specialist Pet...Read More
Originally published at The Boock ReportAt the individual investor level there is certainly a lot of excitement heading into the new year. AAII said Bulls rose to 59.8 from 52.7 last week. That is the highest level since December 2010. Bears are nowhere to be found, falling to 15.6 from 20.6 and that is the least amount since November 2014 by .5 pt. Another drop by more than .5 pt would put t...Read More
The Dow failed to OPEN above the 2017 Intraday high so we are not yet ready for prime time. This is still a 0ff-Broadway play, but we are getting closer. The dollar still finished neutral so it too is not yet ready for its move higher. Gold closed in a positive position for the end of 2017 confirming the posture in the dollar.We will review all the world markets for 2018 in the coming Outlook Re...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Click Here to Listen to the InterviewBix Weir of RoadtoRoot-A returns with comments on cryptocurrencies and silver.Max Keiser of the Keiser Report on RT expects a global Central Bank to break ranks this year and plow billions in depreciating fiat money into Bitcoin and related Altcoins.Gold could soon be retro-Bitcoin, as young investors use a mere Bitcoin dime to procure over one ounce of the yel...Read More
Harley provides an update regarding North and South Korea, the next steps with the failed Mueller investigation and the need for the US to focus on meaningful legislation to put the US economy on the road to recovery.Read More
"This reported action directly contradicts what Attorney General Sessions told me prior to his confirmation. With no prior notice to Congress, the Justice Department has trampled on the will of the voters in CO and other states.Continue...Read More
The comments above & below is an edited and abridged synopsis of an article by Charles Hugh SmithModern finance has many moving parts, and this complexity masks its inner simplicity. Smith discusses the core dynamics of the current financial system (the core dynamic of the 'recovery' and asset bubbles: credit; the current (flawed) logic we're pursuing; and the stark conundrum we face).Central bank...Read More
The comments above & below is an edited and abridged synopsis of an article by John HussmanDelusions are viewed as a deficiency in reasoning ability, but the risk of thinking this way is that it encourages the belief that logical, intelligent people can't be deluded. The history of financial markets suggests a different view. In a booming market, there is a natural tendency to look for explanation...Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanAs explained in Part 1 (above), the most dangerous place on the planet financially is now the Wall Street casino. In the months ahead, it will become ground zero of the greatest monetary/fiscal collision in recorded history.For the first time ever, both the Fed and the US Treasury will be dumping massive a...Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanAfter several rises and falls, this time the soaring stock market is supposed to be different, because the art of central banking was perfected in what Wall Street called the Goldilocks Economy-a macroeconomic environment so stable, productive and balanced that it would never again be vulnerable to a reces...Read More
The comments above & below is an edited and abridged synopsis of an article by Gary ChristensonThis book examines 44 graphs and shows that US national debt and most prices have increased exponentially in the past 50-100 years. It shows why gold prices will reach $10,000, probably in the next decade. The book is available in paperback and Kindle on Amazon.The foreword by Bill Holter: Buy Gold Save...Read More
The comments above & below is an edited and abridged synopsis of an article by Tyler DurdenAfter tumbling in early December, gold has exploded higher since the Fed hiked rates on December 13, 2017, hitting $1,310 on Friday December 29, 2017-the highest since October 16. As gold has soared, the dollar index has collapsed.Interestingly, in the last month, gold and Bitcoin have seen a wild ride. The...Read More
CloseGain/LossGold $1314.90-$3.30Silver$17.14-$0.03XAU87.08-1.19%HUI197.35-0.63%GDM660.98-0.75%JSE Gold1338.73+21.37USD92.18+0.32Euro120.12-0.53Yen88.97-0.15Oil$61.63+$1.2610-Year2.440%-0.018T-Bond152.28125+0.53125Dow24922.68+0.40%Nasdaq7065.53+0.84%S&P2713.06+0.64% The Metals: Gold dropped $6.40 to $1311.80 in Asia before it rallied to $1317.80 in London and then fell back to a new sessio...Read More
- Gold posted second straight annual gain in USD in 2017- Gold in 2017: up 13.6% USD, up 2.7% GBP, down 1.4% EUR- 2017 is gold's best year since 29.5% gain in 2010- Strong performance despite rate hikes and stock bubble - India's gold imports surged 67% in 2017, Turkish, Chinese demand strong- Gold finished 2017 with longest rally since June 2016- 2018: Currency War and The Year of the Phoeni...Read More
FOMC minutes and other market moving US economic data releases are there till Friday. US December jobs numbers will positively affect the US dollar only if they indicate an interest rate hike in March. All incoming US economic data releases need to be looked from a March interest rate hike perspective. The US dollar will get another wave knock down if there is any indication of an interest rate...Read More
USD appreciates after Fed’s minutes. Gold drops almost $10, remains clearly above $1300. The yellow metal pulled back further after the release of the minutes from the latest Fed meeting when the US central bank decided to raise rates by 25bp. Gold dropped from $1,315.80/oz to $1,307.25 hitting a fresh daily low. The side took place amid a rally of the greenback on the back of...Read More