CloseGain/LossGold $1314.30+$0.30Silver$16.47-$0.03XAU81.99-0.50%HUI180.21-0.65%GDM632.09-0.05%JSE Gold1088.69-26.37USD92.77+0.17Euro119.23-0.34Yen91.59-0.14Oil$70.73+1.0110-Year2.950%+0.005T-Bond143.50-0.15625Dow24357.32+0.39%Nasdaq7265.21+0.77%S&P2672.63+0.35% The Metals: Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, bu...Read More
CloseGain/LossGold $1314.30+$0.30Silver$16.47-$0.03XAU81.99-0.50%HUI180.21-0.65%GDM632.09-0.05%JSE Gold1088.69-26.37USD92.77+0.17Euro119.23-0.34Yen91.59-0.14Oil$70.73+1.0110-Year2.950%+0.005T-Bond143.50-0.15625Dow24357.32+0.39%Nasdaq7265.21+0.77%S&P2672.63+0.35% The Metals: Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, bu...Read More
By Keith WeinerThe hot topic in monetary economics today (hah, if it's not an oxymoron to say these terms together!) is whither interest rates. The Fed in its recent statement said the risk is balanced (the debunked notion of a tradeoff between unemployment and rising consumer prices should have been tossed on the ash heap of history in the 1970's). The gold community certainly expects rapidly r...Read More
Full Article: The case for gold in the era of financial virtual realityBy: Michael J. Kosare"John Locke, the British philosopher whose ideas fuelled the American Revolution, had a theory of knowledge and perception, which I always found annoying. Asked if we have an idea of the substance behind our perceptions, he said we had 'no such clear idea at all, and therefore signify nothing by the word...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, up 0.14 percent. Gold traders were back to bullish this week after gold bounced off its 200-day moving average after dropping to its lowest since December on Tuesday, according to the Bloomberg weekly survey of traders. The yellow metal fluctuated on Friday morning after the jobs report came out with mixed s...Read More
By Avi GilburtWell, everyone else has been calling for a market crash, so I thought maybe I should too. But, while I think the market will likely crash again, I don't think it is going to happen just yet, as I still believe this bull market has several more years to run.When I peruse the articles on Seeking Alpha, it seems to be en vogue today to be bearish. The headline articles discuss how the...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12May 7, 2018 "This vast empire on which the sun never sets, and whose bounds nature has not yet ascertained" George Macartney, 1773, in the wake of territorial expansion following Britain's victory in the Seven Years' War "Today the sun never sets on American territory, proper...Read More
The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish. Neither imbalance has amounted to much in terms of price action, so it's not clear whether the most recent changes matter. Still, the action in both gold and silver futures remains unusual enough to bear w...Read More
By Rory HallKen Schortgen, Jr., The Daily Economist, recently penned an article about Nigeria approving a currency swap agreement with China, stating,It has been a little more than a month since China officially began offering oil futures contracts denominated in the Yuan currency, but early results continue to be positive for this contract to over time take more and more market share from the W...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
By Steve St. AngeloThe switch from Central bank gold sales to purchases had a big impact on the gold market. Precious metals investors fail to realize that Central banks sold a staggering amount of gold into the market up until 2009. It's also quite interesting that Central banks became net purchasers after the 2008 Market meltdown.There's been a lot of speculation as to why the Central bank...Read More
The US economic expansion that began in mid-2009 has been much weaker than average, but, as indicated by the chart displayed below, it is also much longer than average. In fact, it is simultaneously the weakest and the second-longest expansion on record. Due to the advanced age of the expansion and the signs of weakness that have appeared over the past three months in economic statistics and the...Read More
Continue...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 of The Great Deformation: The Corruption of Capitalism...Read More
By David HaggithLike the disintegration of the formerly charmed stock market, the return of Carmageddon is right on schedule. I had stated early last year that one of the first cracks in our economy to become evident would be the crash of the car industry.That crack materialized as promised, but then Hurricanes Harvey and Irma showed up to flood a million automobiles. Before any statistics mater...Read More
By Keith WeinerThe hot topic in monetary economics today (hah, if it's not an oxymoron to say these terms together!) is whither interest rates. The Fed in its recent statement said the risk is balanced (the debunked notion of a tradeoff between unemployment and rising consumer prices should have been tossed on the ash heap of history in the 1970's). The gold community certainly expects rapidly r...Read More
The word "collusion" has come to be associated with Russia, Trump and the U.S. election.But my new book, Collusion: How Central Bankers Rigged the World,is about something entirely different aContinue...Read More
By Avi GilburtWell, everyone else has been calling for a market crash, so I thought maybe I should too. But, while I think the market will likely crash again, I don't think it is going to happen just yet, as I still believe this bull market has several more years to run.When I peruse the articles on Seeking Alpha, it seems to be en vogue today to be bearish. The headline articles discuss how the...Read More
Continue...Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investm...Read More
The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish. Neither imbalance has amounted to much in terms of price action, so it's not clear whether the most recent changes matter. Still, the action in both gold and silver futures remains unusual enough to bear w...Read More
"It's better if they don't understand it," Buffett said Monday morning. "If you don't understand it you get much more excited."Continue...Read More