By Gary TanashianOn June 26 we provided an antidote to some media hysterics about a "Death Cross" in gold.On that same day we had an NFTRH update (still password protected, but below is the screenshot of the intro) illustrating for subscribers a developing positive risk vs. reward proposition in gold and silver.On June 28 we noted the out-performance by counter-cyclical gold miners to cyclical c...Read More
By Frank HolmesBeginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year official sector activity rose 36 percent to 366 tonnes - a substantial increase from 2016.The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. The United States holds the number one spot with over 8,000 t...Read More
By Jordan Roy-Byrne CMT, MFTA Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally. While the combination of the net speculativ...Read More
By David HaggithFor a year and a half I've been writing about the retail apocalypse that is going to add to US financial woes. This is not a problem created by economic collapse but a problem that I have said will greatly contribute to economic collapse and that is so massive and widespread that it assures some level of economic decline all on its own. As everyone knows, the problem is largely c...Read More
By Ryan Wilday In last week's article, my charts showed that I expected a corrective rally into the zones we are now pushing against. As always, I marked key resistance with a box and price has entered those areas. These zones are $6724-$7045 in bitcoin (BTC-USD) and $461-$489 in ethereum (ETH-USD).Because I don't view the downside trend as complete, nor do we have price through resistanc...Read More
- Is the currency reset or global monetary reset (GMR) upon us? - Russia sold half their Treasuries in April and bought 600k ozs of gold in May - China has stopped buying US Treasurys and PBOC is quietly accumulating gold bullion - China has over $3 trillion in foreign exchange reserves and Russia has $461 billion - Physical gold market is finite and tiny vis-?-vis the fx markets and bond market...Read More
SHANGHAI, Jul 5 (SMM) – Both nonferrous and ferrous metals fell across the board, except for rebar, on Thursday July 5 as the imminent US tariffs on Chinese imports weighed on market sentiment.SHFE zinc led the decreases with a slump over 4%. Copper tumbled close 3% and nickel dropped over 2%. Lead and tin lost close to 2% with aluminium fell close to 1%.Coke, iron ore and cok...Read More
SHANGHAI, Jul 5 (SMM) – In monthly tenders issued by two organic silicon plants this week, #421 chemical-grade silicon was mostly offered at 13,500-13,800 yuan/mt on acceptance. This was flat from the purchasing price by two organic silicon producers in late June, SMM learned. Downstream consumers continued to purchase as required as silicon prices declined. As of Ju...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes hereIn a recent hour-long interview with Financial Sense Newshour, Greg Weldon at Weldon Online discussed his just-released 150-page special report, "Shelter from the Storm," looking at the economic and financial storms about to hit the US, Canada, Germany and elsewhere.Global Stagflation ComingWeldon is warning that s...Read More
This week, I'm taking a look at the BIG picture.Many investors are currently worried that the bull market may be coming to an end.However, I've got a completely different view. And it all boils down to three "themes" that I'm seeing in today's economy.On Monday, I talked about the first - a historically strong jobs market where jobs available currently outweigh people actively seeking employment.A...Read More
When geopolitical events create crises in the world, volatility usually follows in world markets. The results of this volatility is important to note and I will discuss this below.In January 2018, two significant market events occurred nearly simultaneously. Major U.S. stock market indexes peaked and volatility indexes extended one of their longest streaks of low volatility in history.Investors we...Read More
We should have known better... for the gods are eager to punish hubris.On May 17, we forecast the S&P would take a good tumble two weeks later, May 31.We were magnificently, triumphantly correct - the S&P dropped 19 points that day.Inflated by success - or deceived by chance - we ventured upon another prediction.Last Friday we said the S&P would drop this Monday, July 2.Our logic was a...Read More
Jul 06, 2018 Guest(s): Neils Christensen Neils Christensen, editor for Kitco News, joins the exclusive "Sourtoe Cocktail Club" club as he samples the Sourtoe Cocktail, the famed drink from Dawson City. The Sourtoe Cocktail is a shot of whiskey accompanied by a mummified human toe. Concocted in 1973 at the Downtown Hotel in Dawson City, the drink is estimated to have been sampled by more than 60...Read More
Jul 06, 2018 Guest(s): Bernie Kreft Prospector, Star of "Yukon Gold" Bernie Kreft, prospector and star of the reality TV show, "Yukon Gold," weighs in on the Yukon's potential for miners, especially placer mining. "There's undoubtedly a lot of placer gold left," Kreft told Kitco News on the sidelines of the Yukon Mining Investment Conference in Dawson City. "Placer, probably not as much of a big...Read More
TOPICS IN THIS INTERVIEW:00:45 Strong market sentiment, is this a good sign?06:05 Amazon announcement shaking the pharmacy sector13:05 How intelligent is artificial intelligence?28:25 Where to find Karl's economic analysisKarl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website i...Read More
This Fed is getting seriously hawkish: It revealed that instead of thinking about backing off rate hikes, it's replacing the yield curve.Continue...Read More
LONDON, 5 July 2018 - Leading US investment magazine Barron's today quotes analysis from BullionVault in a report on the "plunging" price of platinum."Platinum's price drop really comes down to the diesel emissions scandal and the damage it's done to forecasts for diesel vehicle growth worldwide," the magazine's online report quotes Adrian Ash, director of research at BullionVault."Traders have fi...Read More
(Kitco News) - Many crypto traders believe that great risk may lead to even greater rewards, but recent data showed that the crypto bubble could be reaching a boiling point, with over 800 new cryptocurrencies already dead.The website Dead Coins tracks all the failed ICOs, listing more than 800 different types of digital coins as either worthless or trading at less than 1 cent. Some of that failure...Read More
Henry NichollsAMESBURY, England (Reuters) - Two British citizens are critically ill after they were exposed to Novichok, the same nerve agent that struck down a former Russian agent and his daughter in March, Britain’s top counter-terrorism officer said on Wednesday.The pair, a local 44-year-old woman and a 45-year-old man, were hospitalized after being found unwell on Saturday in Amesbury,...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More