McClellan Financial Publications, IncPosted Sep 3, 2018August 30, 2018In the election of 1992 there was an insurgent candidate, who did not win a majority of the popular vote, but who took the White House and set about reorganizing the government in a manner more to his liking.The first two years of his term in office were marked by numerous scandals, and by a stock market which saw a scary dip in...Read More
Sep 04, 2018 Join Kitco News as we head to Colorado to cover one of the most coveted metals forums in North America, the Precious Metals Summit at Beaver Creek, from September 20-22. Last year, Beaver Creek attracted over 900 attendees, of which a record 436 were from the buy-side, 156 explorers, and organized approximately 4,000 1-on-1 meetings during the Summit. This year promises to be even big...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comSep 4, 2018 Fresh statistics show that US gold jewellery demand is now about five times the size of US gold coin and bar demand.Back in 2014 I predicted this would occur, and it's happening on schedule.What's particularly interesting is that mine supply is barely growing and likely peakin...Read More
CloseGain/LossGold $1193.40-$5.70Silver$14.16-$0.35XAU63.43-4.25%HUI137.32-4.13%GDM503.99-2.70%JSE Gold1009.24+6.23USD95.40+0.31Euro115.88-0.18Yen89.79-0.30Oil$69.87+$0.0710-Year2.892%+0.030T-Bond144.03125-0.65625Dow25952.48-0.05%Nasdaq8091.25-0.23%S&P2896.72-0.17% The Metals: Gold traded mostly slightly higher in holiday-thinned trade yesterday before it chopped down to...Read More
VANCOUVER, British Columbia, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce the results from the Company's first diamond drill program at the Antofalla silver-gold-base metal project in Catamarca Province, Argentina. The program included over 3,000 metres of drilling in 11...Read More
2008 has special significance for gold bugs, both because of the money they lost in August of the year and the money they made in the half-decade that followed. Today's world is beginning to feel eerily similar. Let's start with a little background. The mid-2000s economy boomed in part because artificially low interest rates had ignited a housing mania which featured a huge increase in "subprime...Read More
Graceland Updates By Stewart Thomson 1. Fresh statistics show that US gold jewellery demand is now about five times the size of US gold coin and bar demand. Back in 2014 I predicted this would occur, and it's happening on schedule.2. What's particularly interesting is that mine supply is barely growing and likely peaking, while US, Indian, and Chinese gold jewellery demand is gr...Read More
By Frank Holmesclick to enlargeIt was the best of times, it was the worst of times. A tale of two world leaders, U.S. president Donald Trump and China president Xi Jinping both of whose countries have among the world's best economies right now. But whereas Xi is playing Santa Claus to the rest of the world, doling out loans to finance-starved countries, Trump is playing Scrooge, waging an econom...Read More
There were only a few analyses that we started with a quote, and there were even fewer that we began by quoting a song. It may even be the first one ever. I am the storm and I am the wonderAnd the flashlights, nightmaresAnd sudden explosions - Royksopp, "What Else Is There" And you will have all the above in September. At least if you're going to pay attention to gold, silv...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comSeptember 3, 2018 Today I document and analyze gold and oil prices and their ratios from January 1970 to August 2018. This is the second part of our research and analysis on gold-oil ratios since World War II. As a reminder, we use monthly average London gold prices provided by Kitco.com and monthly averag...Read More
By Keith WeinerThis week, we are back to our ongoing series on capital destruction. Let's consider the simple transaction of issuing a bond. Party X sells a bond to Party Y. We will first offer something entirely uncontroversial. If the interest rate rises after Y buys the bond, then Y takes a loss. Or if the interest rate falls, then Y makes a capital gain. This is simply saying that the bond p...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 5.04 percent as hedge funds flip to net bullish on the metal this past week. Despite gold facing a fifth month of losses and bullion-backed ETF holdings reaching a 10-month low, analysts and traders are bullish on the yellow metal, according to a weekly Bloomberg survey. During the Jackson Hole Econom...Read More
By Avi GilburtThis past week, I read an article entitled "When Will S&P 500 Valuations Matter Again?," written by Gary Gordon.And, in his first bullet point, he said "truth be told, valuations have not mattered for the public markets for three-and-a-half years." He then goes on to state that "on virtually any methodology one employs, the U.S. stock market is extremely overpriced."In coming to t...Read More
By Ronan Manlyhttps://www.bullionstar.com/In recent weeks, global financial markets have been increasingly spooked by an intensifying crisis in emerging market currencies including those of Turkey and Argentina. Add to this the ongoing currency crisis in Venezuela and the currency problems of Iran. While all of these countries have economy specific reasons that explain at least some of their cur...Read More
by Mark Hulbert of MarketwatchIf you listen closely, you'll hear gold investors whispering that "it's an ill wind that blows no good." That's because, while September may be the worst month of the calendar for stocks, it's the best month for gold.Since it began trading freely in the U.S. in the early 1970s, gold bullion has produced an average gain of 2.1% in September. The comparable monthly av...Read More
Physical demand for gold and silver was there in India and Asia yesterday and should continue for the rest of the week. There has been a very sharp reversal in prices of gold and silver (from the August lows) in Asia due to a very weak currencies. Trend reversal always attract short term traders and long term investors alike. Economics & Trump trade warsThe US induced trade war and its impact...Read More
With developing nations seeing their currencies collapse and bad stocks markets around the globe in negative territory (except the US) it's beginning to look a lot like 2008. We answer your questions and cover a lot of ground. Best to be prepared and understand how to protect yourself. Remember in 2008 it all started with sub-prime mortgages and spread all over the globe. Could developing country...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
The current US economy is like 100 cars flying down a fog-shrouded highway at 80MPH with two feet of visibility. Everyone is all-in, bullish as can be, and simply hoping against hope that nobody in front of them hits the brakes.The Federal Reserve is the communal foot on the gas. Their massive QE campaigns have injected titanic liquidity into risk assets and kept the stock market free-floating int...Read More