McClellan Financial Publications, IncPosted May 2, 2018April 26, 2018If you are a gold investor, then the one thing you want most is rising deficits.Luckily for you, Congress appears to have granted just what you want.This week’s chart compares the trailing 12-month federal deficit (as a percentage of GDP) to gold prices.The correlation is not perfect, but it is pretty good over time.The imp...Read More
SHANGHAI, May 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered three consecutive days of gains and closed at 92.725, up 0.28% overnight.Base metals saw mixed trading. LME copper rebounded from a three-week low, and SHFE copper saw a smaller decline as the expansion in China’s manufacturing sector acc...Read More
China's currency, the yuan, was pegged at the lowest level against the U.S. dollar in more than three months Wednesday, suggesting officials are ready to take a hard line on trade talks as President Donald Trump sends a delegation to Beijing later this week. The yuan's level was set earlier Wednesday by the People's Bank of China, the country's central bank, following two days of trading holiday...Read More
Global stocks traded mixed Wednesday as investors continued to adopt a cautious stance amid rising commodity prices and a surging U.S. dollar even as corporate profits, particularly in the tech sector continue to impress in a record earnings season. Early indications from U.S. equity futures suggest a positive session on Wall Street, with contracts tied to the Dow Jones Industrial Average r...Read More
Investing.com - Gold prices rebounded from two-month lows on Wednesday as the dollar pulled away from multi-month highs amid profit taking ahead of the conclusion of the Federal Reserve policy meeting later in the day.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.10 or 0.31% to $1,310.90 a troy ounce by 04:10 AM ET (08:10 AM GMT).Prices of the...Read More
Silver looked bullish for a week.The dollar ruined the bullish party.Silver goes back into hibernation.Technical support and resistance levels are narrowing.The path of least resistance for silver is in the hands of the U.S. dollar.Silver tends to provide market participants with many head-fake moves over time. Silver is typically the precious metal that displays the highest level of price volatil...Read More
CloseGain/LossGold $1311.40+$6.90Silver$16.42+$0.05XAU82.38+0.56%HUI181.31+0.40%GDM631.85+1.07%JSE Gold1146.25-8.48USD92.46-0.35Euro119.90+0.49Yen91.56+0.36Oil$68.43+$0.5010-Year2.946%-0.030T-Bond143.5625+0.3125Dow23930.15+0.02%Nasdaq7088.15-0.18%S&P2629.73-0.23% The Metals: Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with...Read More
Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. Bil...Read More
The Global Currency RESET has 100 steps and the first 10-12 appear complete. This is not a fantasy, but very real and in progress. Its progress is not very visible to most observers. Some important steps are seeing tremendous progress, but they are executed in the East with very little press coverage by the insidious lapdog Western press networks. Review many of the RESET features, but in summar...Read More
"We're just seeing history repeat itself," Mannarino says. "The markets run in cycles.""The last time we were in this same spot was 2008 just at the top of that bubble. The time prior to that was at the Dot-Com bubble."The yield curve is flattening out, which is a sign we're heading for another crash. Mannarino says money is going to head to other places, such as gold, silver, and cryptocurrencies...Read More
Bob Moriarty of 321 Gold profiles a company that has taken over a high-grade gold exploration project from Novo Resources. American Pacific's Tuscarora ProjectIn 2014 my favorite gold junior, Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), did a deal on a small project in Nevada named Tuscarora with some barn burning historic results. Naturally since the main focus was on Western Australia in 2016...Read More
By Ira EpsteinGold bounce but is it a sell?http://iraepstein.com/ Read More
"If we have a war that involves Iran, kiss the markets goodbye."Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencum...Read More
By Frank HolmesThe price of gold has been feeling the pressure lately from a stronger U.S. dollar, which is at a four-month high, and rising Treasury yields. Nevertheless, the yellow metal eked out a positive March quarter, returning close to 1.3 percent, while the S&P 500 Index posted its first negative quarter since 2015. This tells me the investment case in gold and gold mining stocks remains...Read More
TOPICS IN THIS INTERVIEW:01:25 Overview on the inflated markets?05:45 Consequences of market manipulation on businesses08:50 Morality around precious metal manipulation11:15 Silver's impending revaluation16:55 Gold's true value and relevance in the digital age18:25 Major financial crisis23:05 Shift of purchasing power from west to east28:05 Where to find more information and opportunitiesBill Murp...Read More
Since roughly the middle of January of this year we’ve seen some big changes in character taking place in many different areas of the markets. After nearly two years of low volatility, which is much easier to take, volatility has come back with a vengeance and doesn’t seem to be slowing down much. Its been most obvious in the stock markets, but now the US dollar’s volatility has...Read More
By Nicholas LePan, GoldSeek.com On Monday, a newly listed junior miner started its first trading day on the Canadian Securities Exchange under the symbol (CSE: TGC), Taiga Gold. Taiga is a junior exploration company focused on the search for gold in Northern Saskatchewan. The company is a spin out of its parent company Eagle Plain Resources (TSX-V: EPL). Taiga is not so much a new company...Read More
CloseGain/LossGold $1311.40+$6.90Silver$16.42+$0.05XAU82.38+0.56%HUI181.31+0.40%GDM631.85+1.07%JSE Gold1146.25-8.48USD92.46-0.35Euro119.90+0.49Yen91.56+0.36Oil$68.43+$0.5010-Year2.946%-0.030T-Bond143.5625+0.3125Dow23930.15+0.02%Nasdaq7088.15-0.18%S&P2629.73-0.23% The Metals: Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with...Read More
By Nicholas LePan, GoldSeek.com As the market for base metals over the past year has improved, along with steady improvements in the price of gold, companies that have base metal production in addition to gold and silver are seeing the gains on their balance sheets. Some even where the additional base metal credits reduce the total cash cost of gold production. Gold Resource Corp. (NYSE...Read More
On the holodeck the markets are telling us something but we know not what"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 substance but only an...Read More