Stocks are making another set of new highs this week much to the delight of investors across the country.What’s that? You thought the market was still in a correction?You must be looking at the wrong chart...Because today - and actually for more than two weeks - stocks have been making new all-time highs.See for yourself!The Small Stock Market That’s Notching Big GainsWhen investors he...Read More
Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as more such data accumulates, a growing number of people come to expect the new trend to continue. In economist-speak, "expectations" change, and these become self-fulfilling prophecies, as people start behaving in ways that ant...Read More
By Ira EpsteinGold getting ready for another leg lower?https://www.iraepstein.com/ Read More
Jordan Roy-Byrne shares his thoughts on the similarities we are seeing in the financial markets currently compared to 1999-2001. We discuss the current trend in interest rates, US markets (particularly tech stocks) and overall commodities.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,...Read More
David Stockman on "Daybreak: Asia" (Bloomberg, June 6, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author, most...Read More
Russia has been pro-actively trying to decrease its exposure to its American enemy via a number of ways, including replacing the dollarContinue...Read More
The director of a national security program at Syracuse University's Maxwell School of Citizenship and Public Affairs has registered with the US Department of Continue...Read More
The fundamental drivers for Gold and the US Dollar are similar and that is why they typically trend together. Negative and/or falling real rates drive GoldContinue...Read More
You began investing in precious metals because they represent something honest.Gold and silver are tangible, scarce, and beautiful. People have always recognized them as such. Societies naturally gravitated toward using them as a trusted medium of exchange – money – almost as soon as societies were formed.Over time civilizations have come and gone. The world has seen constant social up...Read More
Gold,silver, and mining stocks moved higher once again yesterday and the former evenmanaged to move above the declining trend channel. Breakouts are bullish andthus the outlook for gold improved significantly… Or did it? Gold’s price interms of the euro and gold’s relative performance to silver and mining stocksmake replying to the above question quite easy. Looking at the relat...Read More
Increase Portfolio DiversificationImportant Tail Risk HedgeValuable Inflation Hedgeby George Milling-Stanley of State Street via TheFMReportWhile gold has traditionally been seen as a tactical way to help preserve wealth during market corrections, times of geopolitical stress or persistent dollar weakness, we think there is a case to be made for gold as a core diversifying asset with a long-term...Read More
The US dollar is firm ahead of the FOMC meet next week. The European political crisis is partly to blame for the US dollar's gain. Big moves in gold and silver or energy space will be there from Thursday as short term traders prepare for FOMC. Over the past five years, I have seen gold demand in India rising sharply around the end of "Ramzan Eid". The same is applicable to other nations where th...Read More
(Kitco News) - Gold has been resilient in light of strong U.S. jobs data and is now ready to climb to $1,375 an ounce on the macroeconomic backdrop set-up, according to one gold bull.“I expect a 6% rise in gold prices in the coming months. I see gold at $1,375 per oz and BAR [GraniteShares Gold Trust ETF] at $137 per share,” Boris Mikanikrezai, precious metals analyst at Metal Bulletin...Read More
Steve Holland, Aradhana AravindanWASHINGTON/SINGAPORE (Reuters) - The summit between U.S. President Donald Trump and North Korean leader Kim Jong Un will be on Singapore’s southern island of Sentosa, the White House said on Tuesday as preparations accelerated for next week’s event.White House spokeswoman Sarah Sanders said in a Twitter post that the venue would be the Capella Hotel on...Read More
Patricia ZengerleWASHINGTON (Reuters) - Republican and Democratic U.S. senators plan to introduce as soon as Tuesday legislation that would force President Donald Trump to obtain Congress’ approval before imposing tariffs on national security grounds, a senior senator said on Tuesday.Republican Senator Bob Corker, chairman of the Foreign Relations Committee, said legislation would be introdu...Read More
Prices have struggled to regain a foothold at or above $1300 per ounce since May 15, when gold dropped over $28 in a single day. Since the selloff, there have been multiple occasions in which gold has effectively traded to or closed just above $1300. However, gold could not sustain that price point for any length of time.While we have not seen a series of higher highs, we have begun to see a serie...Read More
Hedge fund group aims to boost gold mining stock performance.A mining sector turnaround will need a lot more than activism, however.Despite near-term weakness, intermediate-term potential exists for XAU.Natural resource investors were excited to learn recently that an effort is underway to boost the profile of the underperforming gold mining industry. If successful, this campaign could result in h...Read More
Apple and Amazon stocks scored all-time highs todayThe Dow and S&P 500 explored both sides of breakeven today, with intraday gains kept in check by concerns about U.S. trade. While the DJI ended with a modest loss, the S&P eked out a win. However,the Nasdaq vaulted to a record high and a second straight record close, thanks to a resurgent tech sector. FAANG staples Apple (AAPL) and Amazon (AMZN) c...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries, White House economic adviser Larry Kudlow said on Tuesday.“He is very seriously contemplating kind of a shift in the NAFTA negotiations. His preference now, and he asked me to convey this, is to actually negotiate with Mexico and Can...Read More
Leah Schnurr, David LjunggrenOTTAWA (Reuters) - The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday.U.S. President Donald Trump, who is due to attend the leaders’ meeting in the Canadian province of Quebec, imposed tariffs...Read More