It’s no secret that gold mining stocks are historically cheap and have been for several years. Traditional metrics like price to cash flow and price to book value showed that gold stocks in late 2015 were at arguably their cheapest points since the start of the bull market in the 1960s. Other metrics showed gold stocks to be the cheapest since the Roosevelt administration. It has been almost...Read More
Under the effects of the Pandemic, consumers and businesses grapple with their own "Reset."Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as G...Read More
Article on China passing export control law: https://www.yahoo.com/entertainment/china-us-trade-warGregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also...Read More
"The 48 only relates to if we want to get it done before the election, which we do. We're saying to them, we have to freeze the design on some of these things - are we going with it or not and what is theContinue...Read More
Many people have written in to ask about precious metals, what to buy, and where to store them. A number of people ask about storing at the Perth Mint or Continue...Read More
*You can watch the entire 60 Minutes interview in its entirety below the first videoPeter Schiff, a prominent Bitcoin critic, is the target of an investigation by leading tax authorities. Allegedly, Euro Pacific Bank, provided banking services to known organized criminals and tax evaders with little scrutiny, Let's discuss!60 Minutes interview:In a major exclusive involving 60 MINUTES, The Age, Th...Read More
Gold, Silver as well as the gold stocks have a technical setup showing downside potential over the weeks ahead. The good news is a steep selloff would lead to an excellent entry point.?>>?Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and s...Read More
Understand this simple aspect of how the market works and you will save yourself a lot of pain. Continue...Read More
Commercial real estate is in big trouble, and pressure in the $15 trillion market is threatening to bleed over into the broader financial system justContinue...Read More
Here are nine good reasons identified by NaturalHealth365 that this shot can do a lot more harm than good.Continue...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,200171,53371,278166,143198,139426,621440,950Change from Prior Reporting Period 9,454-46,3887,521-8,16649,6968,80910,829Traders17895885749279194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,79733,468474,418 356-1,6649,165 non reportable positionsChange from...Read More
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week including our special podcast on Direct Access Gold.From our perspective, the most important developments were the IMF's financial warnings and the escalation in central bank gold buying with Hungary increasing its gold reserves by a whopping 1,000% due to increasing "safety concerns."For...Read More
Gold is looking north, having printed 2.5-month highs this week and could rise further toward the 200-day EMA in the next week or two, technical charts indicate. At press time, the yellow metal is changing hands at $1,226 - up 0.74 percent on the week. Stepping back, prices jumped to $1,233 on Monday - the highest level since July 26 - adding credence to the convincing break of the falling trendli...Read More
Gold futures settled slightly lower on the day, with the most active December Comex contract currently fixed at $1,229.60, a net decline of $0.50 on the day. However, gold scored modest gains this week. Gold opened on Monday at approximately $1,221.10, and it is currently fixed at $1,229.60, resulting in an eight dollar gain this week.Although the gains have been small and incremental, gold has no...Read More
Outstanding earnings from Procter & Gamble drove the Dow higherU.S. stocks closed today mixed, with the Dow staying afloat on the back of impressive blue-chip earnings -- specifically, from American Express (AXP) and Procter & Gamble (PG). The S&P spent the session dancing around breakeven, eventually closing lower alongside the Nasdaq and struggling tech stocks. Regardless, both the Dow and S&P m...Read More
LONDON (Reuters) - British Prime Minister Theresa May told business leaders during a teleconference on Friday that EU politicians are committed to reaching an agreement this autumn, striking what one source told Reuters was an upbeat tone.London and Brussels are racing to strike a deal by the end of the year and firms are worried that without one, there could be widespread disruption of everything...Read More
(Kitco News)- The miningsector is seeing some renewed excitement as gold prices post their third weekof gains, but one mining executive said that the sector still needs more toattract fresh investment capital.Mathieu Savard, president of the Quebec Mineral Exploration Association and vice-president of exploration for Osisko MiningIn aninterview with Kitco New on the sidelines of Xplor, the annual...Read More
WASHINGTON (Reuters) - U.S. law enforcement and intelligence agencies said on Friday they remain concerned about attempts by Russia, China, Iran and other foreign groups to interfere with congressional elections next month and the presidential election in 2020.The Office of the Director of National Intelligence, Justice Department, FBI and Department of Homeland Security said they do not have any...Read More
OTTAWA (Reuters) - The Canadian government on Friday said Lockheed Martin Corp (LMT.N) would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).The ministries of procurement and defense said Ottawa and Irving Shipbuilding, a Canadian firm which will actually build the vessels, had identified Lockheed Martin Canada as t...Read More
The stock has been halted most of the day Stocks are trading higher today and are set to close the week with a win. Two names in particular making a big move out of the healthcare sector are Anavex Life Sciences Corp. (NASDAQ:AVXL) and Dentsply Sirona Inc. (NASDAQ:XRAY), while China-based food processing concern Planet Green Holdings (NYSE:PLAG) soars. Here's what's moving shares of AVXL, XRAY, a...Read More