Just a few months after putting the Fed on hold, Chairman Powell is once again under pressure from the markets to take action. Jim Grant, founder and editor of Grant's Interest Rate Observer, joins "Squawk Box" to discuss.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most...Read More
- Dow down 404% with a record 1200 point drop.- Coronavirus damage to the market cannot be undone- Major discounts in the gold mining stocks- Coronavirus task force is more like a plunge protection team for the stock market- Fed's bullets may no longer work against superman bubble- I have a PR problem in PRPeter Schiff is an internationally recognized economist specializing in the foreign equity,...Read More
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
In yet more absurdity and confirmation that Edward Snowden was never an "enemy of the state" - as top intelligence officials and some congressional leaders have charged for years - it's been revealed that the Continue...Read More
Greg Weldon breaks down the market fallout still ahead of us as a result of the coronavirus, why gold and silver won't be immune to the selloff that will continue to take place in all markets. Even though it could present a fantastic opportunity for precious metals investors. Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodit...Read More
If you want to know why things are screwed up, take a good look at your family (not mine). The corona virus could be a pandemic, but Gerald thinks not. So far the mortality rate has been relatively low. Just like the weatherman likes to panic the public at the first sign of a hurricane, so to with our public health officials. Why believe one word that comes out of any government. They're lying. So...Read More
Is the January Effect dead? Is it now the February Effect? After Tesla nearly hit $1000 per share, it's now fallen almost 20 percent. Global trade contracted in 2019. Perhaps the world economy was already declining and this is just the final chapter of the stock market's long extended bull market. Passive investing is the dominant form of investing, whatever happened to stock pickers? And the debt...Read More
"I wish, again, to express my closeness to those who are ill with coronavirus and to health care workers who are caring for them." Continue...Read More
The market is now demanding almost 4 rate-cuts this year - a stunning example of the desperation for monetary policy mavens to save the world through easy money... and maintain the 'buy the dip' strategy that a generation of money managers has become conditioned to.Continue...Read More
A great many systems that are assumed to be robust are actually fragile. Exhibit #1 is the global financial system, of course, but Exhibit #2 may well be the healthcare system globally and in the U.S.Continue...Read More
Gold is being slammed lower despite a massive stock market sell-off.Continue...Read More
In short, the baby is being thrown out with the bath water. Continue...Read More
In this Critical Investor guest post, Resource Maven Gwen Preston discusses developments with the company and its Quebec project. This article by Gwen Preston was originally published December 12, 2019, at Resource Maven.All pictures are company material, unless stated otherwise.Genesis Metals Corp. (GIS:TSX.V; GGISF:OTC) has been around for a decade. Over that time, it worked and dropped a few p...Read More
LONDON, 29 February 2020 - Gold price data from BullionVault is quoted today in the Money section of The Times, Britain's best-selling 'quality' paper, as it looks at the virus-led turmoil in financial markets.Amid this week's panic, the price of physical gold in US Dollars "rose to a 7-year high of $1686 an ounce," says The Times, naming online bullion dealer BullionVault as the source of that fi...Read More
LONDON, 29 February 2020 - BullionVault features today in a report on 2020's surging gold price from the Financial Times' award-winning personal finance team at FT Money."The sudden panic at the weekend over coronavirus spreading worldwide has hit the stock market," the full-page article quotes Adrian Ash, director of research at BullionVault, "and money managers are clearly buying gold to hedge a...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 389,33953,47490,728176,619552,240656,686696,442 Change from Prior Reporting Period -19,010-1,22624,1221,100-8,8916,21214,005 Traders 24163775857332172 Small Speculators LongShortOpen Interest 76,23136,475732,917 11,3883,59517,600 non reportable positionsC...Read More
By: Gary Savage I have to laugh at two things:Perma-bears are calling for the end of the bull market. But it is not the end, not yet!Other people are trying to take credit for the crash.The Fed prevented the market from correcting in December and now look..https://blog.smartmoneytrackerpremium.com/ Read More
By: Ira EpsteinCovid19 is causing panic, but do not panic! Gold, you would think, would be up more, but it is not. $1626.6 is key to short-term to watch as a support zone, but if it goes below then what?Read More
Rick Ackerman, Rick's PicksThe stock market at its most violent this week has been an easy read, just as it was when the tech sector imploded 20 years ago and during the financial collapse of 2007-08. On the eve of today's memorable carnage the short-term charts practically glowed with warnings of the Dow's imminent, record-breaking plunge. I'd predicted as much in commentary sent out the ni...Read More
Fed Chair Powell noted the central bank will take action if neededIn a historic week for the market, stocks once again found no footing amid worries over the coronavirus and its global economic impact. The blue-chip index briefly breached the 25,000 level and found itself more than 1,000 points in the hole at its session lows. This seventh straight loss for the Dow caps off a 3,583.26-point loss i...Read More