The results of the survey by the London Bullion Market Association of analysts' predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.The LBMA, a standards setting body for the industry, says the average forecast by the 30 analysts polled calls for a modest 1.8% gain in the price this year. However, two-thirds of the analysts see gold rea...Read More
The results of the survey by the London Bullion Market Association of analysts' predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.The LBMA, a standards setting body for the industry, says the average forecast by the 30 analysts polled calls for a modest 1.8% gain in the price this year. However, two-thirds of the analysts see gold rea...Read More
* Industry one of biggest consumers of power* Deeper power cuts risk production, jobs* Some eyeing own power generation* But say face red tapeBy Tanisha Heiberg and Zandi ShabalalaJOHANNESBURG/LONDON, Feb 18 (Reuters) - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed...Read More
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More
* Investors bet on progress at Sino-U.S. trade talks * Nikkei rises to 2019 high, China blue chips bounce * European car stocks fall 0.4 percent on U.S. fears * Oil prices hits highest for year as supply tightens (Updates prices throughout)By Karin StroheckerLondon, Feb 18 (Reuters) - Hopes for progress in Sino-U.S.trade talks and expectations of policy stimulus from centralbanks lifted world stoc...Read More
The Nasdaq clawed its way out of bear market territory on FridayThe dominant stock market headlines late last week generally seemed to fall under the category of "more of the same" -- speculation over U.S.-China trade negotiations; fresh developments on the politically divisive border wall; shifting Fed policy expectations; hot-and-cold corporate earnings; more Brexit fumblings out of the U.K.; an...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More
By: Clive MaundGold has been turned back so many times in recent years from the strong resistance approaching the $1400 level, that most investors have now been well trained, like Pavlov's dog, to expect it like clockwork, and as we know, it is just when this mindset prevails that gold is likely to surprise the majority by actually breaking out above this level.Looking at our latest 10-year char...Read More
Modern Monetary MadnessPet Economists Can This Really Be a Thing?Sound Bite EconomicsDo Deficits Matter?Strategic Investment and Life PlanningDallas, Houston, Cleveland a lot, New York, back to Puerto Rico, Austin, and DallasMore than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teachi...Read More
The trend over the next four weeks in gold and silver could be the trend for the rest of the year. In Asia, local currency price moves will be a far bigger factor (than gold in US dollar) over other themes. Winner will be the ones who are correctly able to determine to trend of the local currency trend. It is not easy to determine the long term trend of Indian rupee as we have an election. India...Read More
Gold has been looking much brighter lately, but is it ready to shine? The declining global financial system has made many of us believe that gold would keep going up and up. But we've been wrong for years. Precious metals markets have been in a pronounced secular bear market, with lower lows and lower highs. Until now, perhaps. The key technical resistance point is $1350-$1363 per ounce. If it bre...Read More
The top silver expert joins Silver Doctors and shares his forecast for precious metal prices in 2019. Gold broke through $1300 late January. "Gold's got to lead silver." Once we get above $1350 gold, silver will accelerate, he says.For 2019, Morgan expects gold will not get above $1450. He sees the gold/silver ratio falling to 74/1, putting silver up to $18 or $19.Morgan says some junior silver mi...Read More
They say a picture is worth a thousand words - and that goes double for the works of war photographers. Is there catharsis to be found in the tragedy captured by a camera lens? We asked Zoriah Miller, who has documented the wars in Iraq, Afghanistan, Gaza, and many other places.Read More
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries' political Continue...Read More
2018 is over and now the effects of the new tax law are starting to be take hold. Clearly the upper middle class and working rich have taken a major hit, especially those in high-tax states. While there were some benefits spread around, the loss of the State and Local Tax Deduction has cost select groups billions. This is leading to an exodus from these states to lower tax ones. You need only resi...Read More
In a fitting legacy for my friend Walter Jones, Jr. who passed away last week, the US House made history by voting in favor of H.J.Res. 37, a resolution "Directing the removal of United States Armed Forces from hostilities in the Republic of Yemen that have not been authorized by Congress." As George O'Neill wrote in the American Conservative magazine this week, the historic 248-177 victory for a...Read More
Gold grinded higher on Monday, rising towards its best level since April Continue...Read More