By Jordan Roy-Byrne CMT, MFTA It was an interesting week in the precious metals complex. There appeared to be the start of a short squeeze in Silver (hedge funds were heavily short) but it ceased at important resistance. Meanwhile, Gold closed the week on a weak note, losing $1340-$1350. The gold stocks, like Silver closed the week below technical resistance. The price action in the complex con...Read More
CloseGain/LossGold $1325.00-$10.60Silver$16.63-$0.50XAU83.25-2.19%HUI179.87-2.34%GDM627.47-1.48%JSE Gold1110.47+7.05USD90.93+0.60Euro122.08-0.81Yen92.09-0.94Oil$68.64+$0.2410-Year2.975%+0.016T-Bond142.9375-0.15625Dow24448.69-0.06%Nasdaq7128.60-0.25%S&P2670.29+0.01% The Metals: Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in th...Read More
It was an interesting week in the precious metals complex. There appeared to be the start of a short squeeze in Silver (hedge funds were heavily short) but it ceased at important resistance. Meanwhile, Gold closed the week on a weak note, losing $1340-$1350. The gold stocks, like Silver closed the week below technical resistance. The price action in the complex continues to suggest that a breakout...Read More
By Ira EpsteinRise in US interest rates move US Dollar sharply high which hurt metal prices today. http://iraepstein.com/ Read More
Humans are emotional creatures at their core and they often let their emotions influence their decisions, including the investment choices they make. It is, however, not a prudent idea to let logic take a backseat to emotions when it comes to investing your hard earned money.As the specter of a nuclear conflict with Russia (America still does not have a missile defense shield; it could have one by...Read More
By Keith WeinerFurther to our ongoing theme of capital destruction, let's look at a topic which is currently out of favor in the present market correction. Keynes called for pushing the interest rate down near to zero, as a way of killing the savers, whom be believed are functionless parasites. The interest rate has been falling since 1981.It did not merely fall near to zero. Nor even to zero. I...Read More
Part 1 (part 2 below)Aleksandr Kogan says he's being singled out by Facebook from CNBC.Part 2Tens of thousands of developers sold data, says Aleksandr Kogan from CNBC.Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 4.23 percent on worries over supply issues due to sanctions on Russia. Gold traders are bullish this week on gold prices as ETF holdings backed by gold saw inflows for 12 days straight, according to Bloomberg.? Jewelers in India, the second largest gold consuming nation in the world, e...Read More
By John MauldinCentral ControlTwo Cards to PlayGrand StruggleA Tale of Trade HistoryFort Lauderdale, Reykjavik(!), New York, Chicago, Orange County, and RaleighPhoto: Getty ImagesChina is the world economy's elephant in the room. We can't possibly ignore it, yet many try anyway. Admitting China's influence forces us to admit the world is changing and we all must change with it.This year, China i...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12April 23, 2018 "There is no cause to worry. The high tide of prosperity will continue." Andrew W. Mellon, Secretary of the Treasury, September 1929 "President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next six...Read More
By Gary TanashianFor the last few weeks we've used the conditions noted in the graphic below as a guide. Well, the 'inflation trade' (IT) popped last week and that included cyclical metals (as well as silver) ramming upward vs. gold and TIP rising vs. TLT & IEF.As for credit conditions, there is little imminently raising caution flags as commercial lending and risk taking (as indicated by high y...Read More
By Jordan Roy-Byrne CMT, MFTA It was an interesting week in the precious metals complex. There appeared to be the start of a short squeeze in Silver (hedge funds were heavily short) but it ceased at important resistance. Meanwhile, Gold closed the week on a weak note, losing $1340-$1350. The gold stocks, like Silver closed the week below technical resistance. The price action in the complex con...Read More
In February of this year the year-over-year rate of growth in the US True Money Supply, a.k.a. the US monetary inflation rate, was only 2.4%. This was its lowest level since March of 2007 and not far from a multi-decade low. In March of this year, however, the monetary inflation rate almost doubled to around 4.6%. Refer to the following chart for more detail. What caused the reversal and what...Read More
Continue...Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College summa cum laude...Read More
By Keith WeinerFurther to our ongoing theme of capital destruction, let's look at a topic which is currently out of favor in the present market correction. Keynes called for pushing the interest rate down near to zero, as a way of killing the savers, whom be believed are functionless parasites. The interest rate has been falling since 1981.It did not merely fall near to zero. Nor even to zero. I...Read More
Automtaic Earth's Ra??l Ilargi Meijer just posted an essential essay on the world's financial markets - or what used to be the world's financial markets. Here's an excerpt:Continue...Read More
By John MauldinCentral ControlTwo Cards to PlayGrand StruggleA Tale of Trade HistoryFort Lauderdale, Reykjavik(!), New York, Chicago, Orange County, and RaleighPhoto: Getty ImagesChina is the world economy's elephant in the room. We can't possibly ignore it, yet many try anyway. Admitting China's influence forces us to admit the world is changing and we all must change with it.This year, China i...Read More
The U.S. stock market is in uncharted territory. Volatility (VIX) hovered near all-time lows at the same time the U.S. economy tied the all-time record for consecutive quarters of growth. In other words, investors are in a tricky position.Investors need to remain extra vigilant during this unexplored time of accelerating growth versus realized volatility, says Hedgeye CEO Keith McCullough."Everyth...Read More
By Gary TanashianFor the last few weeks we've used the conditions noted in the graphic below as a guide. Well, the 'inflation trade' (IT) popped last week and that included cyclical metals (as well as silver) ramming upward vs. gold and TIP rising vs. TLT & IEF.As for credit conditions, there is little imminently raising caution flags as commercial lending and risk taking (as indicated by high y...Read More