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
"I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00pm."Continue...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds.Continue...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Financial Sense Newshour just spoke with Craig "Bullseye" Johnson from Piper Jaffray to get his outlook on the market.Johnson believes the corrective phase that started in February is not over and provided some downside targets for the S&P 500. He's alsopositive on the energy complex and noted a poss...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 and much more global:The collusion (or coordination) that the U.S. central bank (the Federal Reserve) forged with other major central banks to fabricate money in the wake of the 2008 financial cris...Read More
This weekend I traveled to Omaha, Nebraska for Berkshire Hathaway’s annual shareholder meeting.The event, known as the “Woodstock of Capitalism,” hosted an estimated 40,000 investors from all over the world who traveled to hear Warren Buffett and Charlie Munger speak on not only the current state of Berkshire Hathaway, but also on topics such as the broader stock market, the econ...Read More
Peter KrauthThe price of gold fell to test $1,300 last week, as gold investors scrutinized the latest U.S. Federal Reserve meeting. But it's the dollar's strength that will determine gold prices, and I'll show you exactly why…The FOMC meeting concluded Wednesday (May 2), and Fed watchers were left trying to decipher the Fed's summary of its decision-making. Its statement introduced the word...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal:Argentina sees strong demand for surprise 100...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:IRCAUDDescriptionInterim Resources are a gold focused junior, small producerLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial05/07/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$35.33M$34.35M05/07/2018$-0.98MTotal Assets:$17.98M$17.98M05/07/2018$0....Read More
As all eyes are trained on British Columbia's Golden Triangle for this summer's drill season, a gold explorer prepares to begin a large-scale drill program. Drilling at Aben's Forrest Kerr ProjectBritish Columbia's Golden Triangle is home to huge mines like Eskay Creek, which was once the world's highest-grade gold mine and produced 3.3 million ounces of gold at an average grade of 45 g/t and 160...Read More
After laboring for three decades as a truck driver for UPS, Van Alstyne was guaranteed $5,141 a month by the The New York State Teamsters Conference Pension and Retirement Fund.Continue...Read More
Over the years, I've gotten A LOT of questions about Social Security.After all, the program is essentially an ongoing series of tax hikes, expansions, tweaks, benefit reductions, and other "fixes" that amount to a labyrinth of rules, regulations, and complicated decision trees.Some of these topics also foster tons of emotion.For example, a woman named Sue once told me:"I personally believe that So...Read More
Australia's biggest gold miner Newcrest Mining Ltd said it expects its flagship Cadia mine to return to full production rates by the end of June.The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of Planning and Environment last month.Newcrest restarted processing at Cadia last month after halt...Read More
OKYO (Reuters) - Some Bank of Japan policymakers said the central bank should explain to the public that the economy has yet to reach a phase where the timing and means to exit ultra-loose policy could be considered, minutes of their March rate review showed on Monday.“While normalization, or a gradual reduction in the degree of monetary accommodation, could become a topic for consideration...Read More
Howard SchneiderAMELIA ISLAND, Florida (Reuters) - Federal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of machine learning in the financial sector may change its regulatory approach, but that so far it fits within the existing regulatory framework.“We are paying a lot of attention ... within our existing fra...Read More
(Kitco News) - A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist.This year, gold prices will rise past the $1,350-$1,375 resistance level, BAML technical strategist Paul Ciana told CNBC on Saturday. And from there, Ciana added, the yellow metal could hit $1,450, where it hasn’t traded at since May 2013.“...Read More
Jane Wardell, Alana SchetzerSYDNEY/MELBOURNE (Reuters) - Australian Treasurer Scott Morrison on Sunday warned voters not to expect “mammoth cuts” to taxes and reiterated his center-right government’s commitment to return the country’s finances to surplus as soon as possible.This year’s federal budget, to be presented on Tuesday, is being viewed as the unofficial kick-...Read More
David MillikenLONDON (Reuters) - The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank, which might now struggle to convince investors that it will raise borrowing costs at all this year.Unexpectedly weak economic data and cautious remarks from Governor Mark Carney have dashed what looked like near-certain expectati...Read More
Marcin Goettig, Pawel SobczakWARSAW (Reuters) - Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometer underground after a quake, the chief executive of the mine owner said.The quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, initially trapping seven miners at a depth of about 900 me...Read More
Haejin Choi, Hyonhee ShinSEOUL (Reuters) - North Korea said on Sunday its intention to denuclearize, unveiled at a historic inter-Korean summit, was not the result of U.S.-led sanctions and pressure, warning the United States not to mislead public opinion.Impoverished North Korea has been hit by a series of U.N. and U.S. sanctions in recent years in a bid to rein in its nuclear and missile program...Read More