Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The Bank for International Settlements has just published, on the same day, its monthly statement of account for March 2018 as well as its monthly statement for April 2018:https://www.bis.org/banking/balsheet/statofacc180331.pdfhttps://www.bis.org/banking/balsheet/statofacc180430.pdfFrom these statements it is possible to deduce that during March the BIS reduced by about 165 tonnes its use of go...Read More
A while back, a writer (whose name and story details I unfortunately don't remember) was researching the credit card business and tried to figure out how card Continue...Read More
The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April's 89.23 low could turn out to be a very important one. Notice as well that the dollar's romp has exceeded numerous prior peaks, including no fewer than one 'internal' and two 'externals' labeled in the chart. From a 'Hidden Pivot' perspective, this defines the rally as a powerful 'impulse l...Read More
Gold now has limited downside (20%) but substantial upside (650%)Gains on gold are likely to come at a time when stocks are crashingInvestors and savers without an allocation to gold will be wiped outTime to consider saving in physical gold? Editors noteby James Rickards, Daily ReckoningFollowing the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject...Read More
"San Diego has asked us to go forward with their section of the wall in California and rather than not doing that and letting them lobby for us with Governor Brown we decided to do it," Continue...Read More
"If Iran acquires nuclear capability we will do everything we can to do the same."Continue...Read More
Gold once again bounced off the very important 200-day SMA and has now recovered a major part of itsContinue...Read More
Recently in the resource sector we have seen everything including good news being ignored by investors. Jordan Roy-Byrne joins me today to share his thoughts on what companies need to be doing to attract investors and actually get money flowing into their stock. We also discuss the bigger picture when it comes to resistance levels for the whole sector. If the sector experiences a breakout then tha...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.For issuers of debt (borrowers), interest rates are the cost to borrow funds; for buyers of debt (lenders), it is the rate of return they get for lending money.After the 2008 financial crisis, central banks dropped interest rates to the lowest levels in recorded history. This was great for overleveraged...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCALGARY, May 9, 2018 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce its intention to complete a non-brokered private placement financing (the “Offering”) of up to 11,111,111 unit...Read More
Palisade Research May 9, 2018 Category: Research Mexican Gold Corp. (CVE:MEX, FRA:4QW1) continues its hot-streak – this time drilling 3.87 g/t AuEq over 6.0 meters.Step-out hole LM-18-JB-25 was drilled 33 meters west of the boundary of the El Dorado/Juan Bran (EDJB) zone outlined by the maiden resource estimate.The El Dorado/Juan Bran zone outcrops on surface and occurs as a flat lying to s...Read More
May 9, 2018 - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC” or the “Company”) announces a non-brokered private placement offering (the “Offering”) of up to $3,000,000, to consist of the sale of up to 5,000,000 flow-through shares at a price of $0.60 per share. The Offering is subject to TSX Venture Exchange acceptance. “This flow-through financing will allow ATA...Read More
In 45 years, the world has gone from energy shortage and fears of "Peak Oil" to an energy glut where it seems the world is drowning in oil and floating on a cloud of natural gas at the same time.Yet that may not last. My models predict a long-term rise in energy demand and energy prices.Of course, the same amount of energy has always been around. It's just a question of technology, geopolitics and...Read More
Remember $100 per barrel oil?Oil prices peaked at $115 in June 2014. It seems like forever ago. What kind of behavior did this high price produce?Many oil producers assumed the $100 per barrel level was a permanently high plateau. This is a good example of the anchoring bias. Because oil was expensive, people assumed it would remain expensive.The fracking industry assumed oil would remain in a ran...Read More
This week is all about the Oracle of Omaha.Over the weekend, Berkshire Hathaway held their annual shareholder meeting and The Daily Edge was in attendance to get the details.Although the main attraction was a six hour Q&A session with Warren Buffett and Charlie Munger, what really caught my eye were the subtle insights into Berkshire’s stock picking strategies that were shared throughout...Read More
May 10, 2018 Guest(s): Pippa Malmgren Author, Economist, Leading Policy Analyst, DRPM Group U.S. President Donald Trump's hardball approach to Iran is likely to create more tensions in the Middle East, this according to Pippa Malmgren, a leading policy analyst and former White House advisor to President George W. Bush. Malmgren noted that President Trump is using the same negotiating tactics on...Read More
May 10, 2018 Guest(s): Vince Lanci Coordinated central banking has played an important role in geopolitics, said Vince Lanci, founder of Echobay Partners. On gold, short term fluctuations are less important than gold's long-term role as a wealth preserver, Lanci said."I don't care about the price of gold. I view gold as a wealth preserver. I would love it to go to $1,800 [an ounce] tomorrow, bu...Read More
May 10, 2018 Guest(s): Leigh Goehring Managing Partner, Goehring & Rozencwajg Associates Compared to rising oil prices, gold is significantly undervalued and is presented with a good buying opportunity, said Leigh Goehring, managing partner at Goehring & Rozencwajg Associates. "Oil will continue to do well. If oil were to go to $100 a barrel and gold were to stay at these levels, we're getti...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