America's silent crisis is no longer... silent.MarketWatch columnist Jeff Reeves has warned that "collapsing pensions will fuel America's next financial crisis.""This is not a distant concern," he adds, "but a system already in crisis."By some estimates, America's public pensions alone are sunk in a $6 trillion abyss.According to the Federal Reserve, pensions - public and private combined - were r...Read More
Apr 24, 2018 Guest(s): Carley Garner Co-founder, DeCarley Trading Gold has missed several opportunities to rally this year and the path of least resistance is in the downward direction for now, this according to Carley Garner, president of DeCarley Trading. "[Gold] has had every excuse in the book to rally. We've had political turmoil, trade conflict, and gold just can't seem to get above $1,350...Read More
Gerardo Del Real, editor of Resource Stock Digest, sits down with Maurice Jackson of Proven and Probable to discuss some of his resource picks. Maurice Jackson: Gerardo, please share your background and tell us about Resource Stock Digest.Gerardo D.: I've been involved in the resource space in one way or another for just a little over a decade, about 11 years now. And so it's truly a passion of m...Read More
Just when you thought Bitcoin and other cryptocurrencies had burned out through exhaustion blowoff top and fallen into the valley of despair, along comes the steady-minded and soft-spoken Head of Research for GoldMoney.com, Alasdair Macleod, to share his professional opinion of what life stage cryptos are really in, and why their next phases are likely to be incomparable to what we've seen so far....Read More
Jeff Clark is bullish on precious metals, especially silver. The everything bubble has been going on for 10 years. How much longer can it last? Gold and silver are the only truly undervalued asset left. Between now and 2020 is a potentially very exciting time in precious metals. And even if there's no crisis, the technical indicators look great.Jeff Clark is editor and lead writer of BIG GOLD, the...Read More
On Saturday, April 21st, 2018 the St. Louis Federal Reserve Bank Tweeted, "In a possible future, cash disappears and central banks issue electronic money for all" https://twitter.com/stlouisfed/status... The bank's Tweet cited a research paper entitled, "The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies" https://research.stlouisfed.org/publi... Read More
Continue...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalizatio...Read More
Apr 26, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Lower fear from easing geopolitical tensions have given investors a more risk-on appetite, keeping gold low, according to Peter Hug, global trading director for Kitco Metals. Fear surrounding North Korea have largely abated after the announcement of a tentative meeting of the North Korean leader and President Trump. Hug told...Read More
Apr 24, 2018 Guest(s): Frank Holmes CEO, U.S. Global Investors Gold's rally on Tuesday comes as equities took a hit, and the yellow metal is likely to see sustained momentum upwards, said Frank Holmes, CEO of U.S. Global Investors."Gold is above the 200-day moving average, 10-year is hitting 3%, last time it did this, it was below the 200-day moving average. It's flirting with the 50-day moving...Read More
(Kitco News)- While interest in gold is starting to grow, the yellow metal didnot get a warm reception at the 23 annual Sohn Investment Conference.In his presentation, John Pfeffer, partner at Pfeffer Capital,picked bitcoin over gold, saying that the cryptocurrency is “the first viablecandidate," to replace gold.He added that bitcoin is better than gold "on everyfront."While P...Read More
TORONTO (Reuters) - A driver plowed his white Ryder rental van into a crowd, killing nine people and injuring 16 along a roughly mile-long stretch of busy Toronto sidewalk during lunch hour on a sunny Monday afternoon, police said.Officials declined to answer questions about what motivated the driver to steer his vehicle toward people just before 1:30 p.m. (1730 GMT). They said the driver was in c...Read More
(Kitco News)- BarrickGold Corp. (NYSE, TSX: ABX) reported late Monday that first-quarter adjustedearnings rose from a year ago despite lower production, with the company’sprofitability helped by higher gold prices.Adjusted net earnings climbed 5% to $170million, or 15 cents per share, from $162 million, or 14 cents, in the first quarterof 2017. According to news reports, this was slightly ah...Read More
The Peruvian Ministry of Energy and Mines announced today that it expects to reach $20.8 billion in investments between 2018 and 2022, with 10 per cent of such investments filling up the country's coffers by the end of this year. In a press release made public by the state-owned Adina Peruvian News Agency, the government agency said the funds will be generated by three projects whose construction...Read More
Theprecious metals complex has traded under pressure today with U.S. dollarstrength contributing the most significantpercentage of today's decline. Gold, silver and palladium'sprice decline resulted in major chartdamage for all three precious metals. They all sustained a combination of selling pressure and dollar strengthwhich took current pricing below their 50-day moving averages.As of 4:00 PM...Read More
Dow Jones Industrial's losing streak the long since March 2017Treasury 10-year yield breaches 3% for first time in 4 yearsA higher 10-year yield is positive for European stocks, says JPMorgan's Grace Peters.Stocks tumbled as a rout in the shares of industrial and technology companies sent indexes spiraling lower amid a raft of earnings and renewed selling in the bull market’s biggest winner...Read More
TORONTO (Reuters) - A driver plowed his white Ryder rental van into a crowd, killing nine people and injuring 16 on a busy Toronto sidewalk on a sunny Monday afternoon, police said.Toronto Deputy Chief Peter Yuen announced the casualties at a news conference. He said the driver was in custody.The incident occurred just before 1:30 p.m. (1730 GMT) as large crowds of office workers were on lunch bre...Read More
The UK National Contact Point released a report today where it states that Kazakh mining giant Eurasian Resources Group flouted the rights of thousands of people living on its cobalt and copper concession in the Lualaba province of the Democratic Republic of Congo.According to the UK government body for the OECD Guidelines for Multinational Enterprises, the company was aware that water supplies fo...Read More
Merck's high-profile upgrade wasn't enough to put the Dow into positive territoryStocks ended a wishy-washy day mostly lower, with the Dow suffering a fourth straight loss, despite a high-profile upgrade for Merck (MRK). Another down day for the tech sector weighed on stocks, and investors eyed the 10-year Treasury yield making its way to almost 3%. Traders also may have exercised caution to start...Read More
WASHINGTON (Reuters) - Southwest Airlines Co (LUV.N) canceled more flights on Monday as it worked to complete inspections of engines like the one that failed last week in a deadly accident over Pennsylvania.Flightaware.com, a website that tracks aviation cancellations, said Southwest canceled 129 flights on Monday, or 3 percent of its total flights, and delayed 468 other flights, or 11 percent. By...Read More
WASHINGTON/TORONTO (Reuters) - Western allies stepped up pressure on U.S. President Donald Trump on Monday to keep alive an international nuclear deal with Iran, with French President Emmanuel Macron due to urge him in person not to tear up the 2015 agreement.Trump has said that unless European allies fix what he has called its “terrible flaws” by May 12, he will restore U.S. economic...Read More