In this wide ranging interview, Jason asks Marc about asset price volatility, whether the stock market is topping, central bank balance sheets and whether they can be meaningfully reduced, the credit bubble in China, the US vs China trade war, and the popularity of crypto currencies in Asia.And don't miss Marc's thoughts on gold, gold stocks and asset allocation ideas. Marc even discusses a few st...Read More
Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. Erik and Russell discuss deflationary risks in the U.S. and context on current higher inflation prints. Erik asks Russell how high are risks of a credit event and what risks are there emanating from China. They further consider the impact of higher interest rates and ask if there a concern of the U.S. government not being abl...Read More
Allianz Chief Economic Advisor Mohamed El-Erian on Federal Reserve policy, North Korea, President Trump's policies and the outlook for oil prices and stocks.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the wor...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.Continue...Read More
The Supreme Court has agreed to hear the case of Janus vs AFSCME. The expected outcome will reduce public unions.Continue...Read More
As Australia struggles to maintain its unprecedented 104-quarter-long streak of uninterrupted economic growth, lawmakers are intensifying the Continue...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?Continue...Read More
Want to know one of the best ways to minimize the dangers of market volatility and build long-term wealth?Consistently putting more money to work.One way to do that is through dollar-cost averaging, a strategy that invests a set amount of money into the same stocks or funds on a regular schedule.Another (slightly less scientific) way?Buying a new investment - or investments - every week, every mon...Read More
May 11, 2018 Guest(s): Dambisa Moyo There is a serious mismatch between the long-term problems our society faces and the short-sightedness of our policy makers, according to New York Times best-selling author, Dambisa Moyo. "These long-term economic challenges from demographics, to income inequality, to natural resource scarcity, and issues around debt...these are long-term economic issues that...Read More
May 11, 2018 Guest(s): Frank Holmes CEO, U.S. Global Investors Sam Pelaez Chief Investment Officer, Galileo Global Equity Advisors Harry Pokrandt CEO, HIVE Blockchain Technologies Kitco's Daniela Cambone visits HIVE Blockchain Technologies' (HVBTF:US) mining rigs in Iceland, which mines mainly Ethereum. According to Sam Pelaez, chief investment officer at Galileo Global Equity Advisors, investin...Read More
(Kitco News) - The U.S. decision to pull out of the Iran nuclear deal means increased market volatility, and investors need to make sure “they are properly diversified,” said one analyst, adding that he sees gold rallying in the short-term.“There will be global stock market sell-offs as the world adjusts to the news,” deVere Group international investment strategist Tom Ell...Read More
World focus is on Trump's Iran decision. My personal view is that the Nuclear deal with Iran will be cancelled. New trade sanctions will be imposed on Iran. Republican-Saudi nexus want crude oil prices to form a lower floor at $100. They want crude oil prices to rise to $100 as soon as possible. In order to achieve this motive, trade sanctions on Iran will have to be imposed on some pretext. Nat...Read More
Gold was up half a percent year-to-date through last Friday. This doesn't sound very exciting, but over the same period, the S&P 500 Index was in the red-the first time in nearly a decade that stocks have been negative for the year through the beginning of May. The yellow metal is doing the one thing for which many investors have it in their portfolio-namely, it's trading inversely to the mark...Read More
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo said on Tuesday he had not received a commitment from Pyongyang that three American prisoners would be released when he visits North Korea.President Donald Trump said earlier that Pompeo was on his way to North Korea in a surprise visit.Speaking to U.S. reporters en route to Pyongyang, Pompeo said he would raise the issue of the three impr...Read More
(Kitco News) - Gold’s price rally has been a product of demand-side economics, and there is still a considerable amount of interest in gold that is not fully tapped, according to Tom Brady, chief economist at Newmont Mining.“The trend that we’ve seen over the last couple of years has continued, this was very much an investor-driven market since 2016,” Brady told Kitco News...Read More
Once again, a strong U.S. dollar has curtailed any sustained upside move in gold. Today, for example, traders bid up spot gold by $5.20. However, dollar strength took away $4.60 of that move. This resulted in gold pricing gaining only $0.60 in the physical market, according to the Kitco Gold Index (KGX).Gold prices did, in fact, firm in trading today after President Trump said that he is canceling...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping discussed ongoing trade issues on Tuesday, as both sides continue to position themselves amid a heated feud over tariffs between the world’s two largest economies.The two leaders spoke after high-level U.S. and Chinese officials in Beijing last week failed to reach a consensus, with talks set to resume next w...Read More
Jonathan Saul, Parisa HafeziLONDON/ANKARA (Reuters) - Some Iranians had been cashing in their savings even before U.S. President Donald Trump’s announcement he would pull out from the international nuclear deal with Iran, straining a banking system weighed down by bad loans and years of isolation.An official with Iran’s biggest state-owned Melli Bank told Reuters savings had declined b...Read More
Ann Saphir, Howard SchneiderPALO ALTO, Calif./AMELIA ISLAND, Fla. (Reuters) - The Federal Reserve is entering new terrain in its post-crisis planning: how to describe the conditions under which it would try to slow the economy and to do so without alarming financial markets.The Fed’s gradual interest-rate hikes are bringing it ever closer to a shift to a neutral stance from “accommodat...Read More
Market participants await Trump’s decision on the Iran nuclear deal. Gold jumped from near $1,300 back above $1,310. Gold rose $10 during the last hours. The ounce bottomed at $1,306.05/oz and bounced sharply rising to $1,315.60. It found resistance slightly below Asian session highs and it was trading at $1,314. Market volatility rose during the last hour amid speculations about what the...Read More