Has the future finally arrived?The Federal Reserve intervened massively to cage the menace of depression after the 2008 financial crisis.Quantitative easing, zero interest rates and the rest of the central banker's emergency kit came to bear.The heroics "worked."The crisis has passed. And the economy is presently in its 108th month of recovery.Yes, the central bank may have saved the present with...Read More
May 09, 2018 Guest(s): Donald Sadoway John F. Elliott Professor of Materials Chemistry, MIT Materials Chemistry at the Massachusetts Institute of Technology. "I think [the mining industry] has learned lessons from what happened with silver with the loss of halide film, and they realized that the antidote to change is to invent new applications," Sadoway told Kitco News on the sidelines of the Mi...Read More
May 09, 2018 Guest(s): Doug Groh Portfolio Manager, Tocqueville Tocqueville Asset Management's picks for mining stocks include Pan American Silver, and Detour Gold, according to Doug Groh, portfolio manager at Tocqueville. On Detour Gold, Tocqueville is "a believer in that asset and that deposit," Groh told Kitco News on the sidelines of the Mines & Money New York conference. "We would think...Read More
May 09, 2018 Guest(s): Ivan Bebek Executive Chairman, Auryn Resources The gold and equities markets will rally towards the end of the year, according to Auryn Resources executive chairman, Ivan Bebek. "I think really strongly that not only will the gold market rally this year, but the equities market will rally as well. I think investors can't ignore how cheap equities are forever, I think event...Read More
"Usually when things are great, something happens."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In...Read More
Money manager Michael Pento says we will have "deflation" first and then "runaway inflation." Pento says this means gold is the place to be for the foreseeable future. Pento contends, "There is going to be a run on gold like we have never seen before. There is going to be a super-spike in the precious metals. These are unprecedented times coming, and you should take physical possession of your gol...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
A global empire will keep pushing and pushing until something snaps. The leaders of empire become convinced of their invincibility right before the end, and Continue...Read More
Outstanding student debt surpassed $1.521 trillion in the first quarter of 2018, according to data compiled by the Federal Reserve, hitting $1.5 trillion for the first time ever. Continue...Read More
The average life expectancy in industrial and developing countries for those born in 2017 is 82 years for females and 76 years for males.Here in the U.S., it's about 78 overall.Yet according to a survey conducted by UBS Wealth Management, 53% of wealthy investors around the world expect to live at least 100 years, and they're adjusting their financial holdings and estate plans accordingly.The resu...Read More
LONDON, 8 May 2018 - BullionVault is named today as a low-cost way of owning gold by leading global news-wire and data providers Bloomberg."Currencies provide the most obvious way to play a Dollar view," says the note for Bloomberg's global client-base of finance professionals using its terminals.But if you are bearish on the Dollar, and expect it to fall, "holding physical gold is one of the best...Read More
(Kitco News) - The popular cryptocurrency bitcoin is just a “greater fool theory” that doesn’t produce anything and “if there was an easy way to do it,” Microsoft co-founder Bill Gates says he would short bitcoin.Gates revealed his thoughts about the digital currency to CNBC on Monday, saying that bitcoin is purely speculative.“I would short [bitcoin] if there w...Read More
How do you know when to underweight or overweight gold or silver? Mike Matousek, head trader at U.S. Global Investors, explains how he looks at the gold and silver price ratio to determine the opportune time to adjust weightings. Mike also explains silver's seasonal trading pattern and that historically returns are higher in the months of June, July and August.For Mike's full explanation of these...Read More
(Kitco News) - Even though a drop below $1,300 is not ruled out for gold just yet, TD Securities views a move to $1,350 as a more likely one for the precious metal.“While a move toward below $1,300/oz is possible in the not too distant future, we think there will be a steadier rebound toward $1,350s in the latter half of 2018,” TD Securities head of commodity strategy Bart Melek said i...Read More
Considering outside market forces such as dollar strength and higher U.S. equity pricing, gold pricing has held up rather well. In an environment which strongly favors the risk-on asset class over the safe-haven class, gold has traded with a higher daily low for the last four consecutive trading days. Today’s trading range was modest, but pricing did trade to a more elevated high than it did...Read More
Oil prices topped the $70 mark, but lost some steam after a Trump tweetA strong rise in oil prices sparked strong early trading for U.S. stocks, though the Dow and S&P 500 closed well off their intraday highs. Crude futures burst through the $70-per-barrel level on expectations of fresh sanctions on Iran, but lost some steam after President Donald Trump tweeted that he'll make a decision on the Ir...Read More
FAIRFAX, Va (Reuters) - The U.S. economy is remarkably strong but the strong jobs market is not causing outsized wage pressures, the Federal Reserve’s newest regional Fed president said on Monday in his first major speech on monetary policy since he was appointed.“The economy’s performance as we sit here today is remarkably strong: above trend growth, low unemployment, inflation...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said in a tweet on Monday that he would announce his decision on whether to withdraw from the Iran nuclear deal at 2:00 p.m. EDT on Tuesday.Trump has threatened to withdraw from the deal, which provided Iran with relief from sanctions in exchange for limiting its uranium enrichment capacity, unless European signatories to the accord fix what he ha...Read More
WASHINGTON (Reuters) - China’s top economic official will visit Washington next week to continue trade talks with Trump administration officials, the White House said on Monday, after two days of talks in Beijing last week failed to produce a breakthrough.“We are working on something that we think will be great for everybody,” White House spokeswoman Sarah Sanders told reporters....Read More
Jonathan Stempel, Jennifer AblanNEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway...Read More