Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.I've been warning about a coming government crackdown on bitcoin for several months, and now we're seeing it happening around the world.From China to Japan to South Korea and here in the U.S., the regulators are closing in on bitcoin. And all t...Read More
Sure, having a college degree can pay off …Georgetown University's Center on Education and the Workforce estimates a college graduate will earn more than $1 million in extra lifetime wages compared to someone who simply graduates high school.And the Pew Research Center says the difference is around $17,500 annually.But that extra earning potential isn't cheap…The College Board reports...Read More
Marcus is on a mission!His goal is to help Goldman Sachs collect an extra $2.5 billion each year from everyday Americans.That’s in addition to the roughly $40 billion Goldman already pulls in from its various business lines.So here’s the question... Is Marcus pulling money out of your pocket to hit his $2.5 billion goal?Goldman Gets Greedy With New Consumer BusinessBack when I was a he...Read More
With the silver market leading the way for precious metals today there are some very encouraging signs for the sector. We are not seeing any breakouts yet but let's watch where the markets close this week. Jordan Roy-Byrne, Founder of The Daily Gold joins me to share some of the factors that have him encouraged by the moves over the past couple weeks.Jordan Roy-Byrne, CMT is a Chartered Market Tec...Read More
Editor's Note: Doug Casey is a legendary contrarian. He's made millions speculating in beat-up markets. Some of those opportunities have passed. But, as Continue...Read More
Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downsideContinue...Read More
Apr 20, 2018 Guest(s): Jeffrey Christian Unless there is a much more negative economic view from investors' consensus, then gold is unlikely to break out of its current trading range, said Jeff Christian, managing partner at CPM Group. "It's going to take higher interest rates to move gold higher," Christian told Kitco News on the sidelines of the IPMI Precious Metals Mobility Symposium.Christi...Read More
Apr 20, 2018 Guest(s): Jonathan Butler Mitsubishi Corporation Over the next five to seven years, the combustion engine will still be the dominant form of powertrain, meaning cars will still need palladium as emissions controls catalysts, said Jonathan Butler, precious metals strategist at Mitsubishi Corporation. "It's only in the very longer term that we start to see battery electric vehicles co...Read More
"Begin it where warm waters halt / and take it in the canyon down. / Not far, but too far to walk. / Put in below the home of Brown," Continue...Read More
LONDON, 18 April 2018 - BullionVault is tipped today as an easy way to trade gold by growing UK personal-finance site CLNews.Reporting a survey which claims "Most Britons would rather go to the dentist than invest directly in the stock market," the website looks at other core investments people should consider."BullionVault makes it simple to invest in gold," it says.Read the full report at CLNews...Read More
(Kitco News) - Be patient when it comes to gold, says one analyst, projecting a rally in the second quarter of 2018, led by strong physical demand and weaker U.S. dollar.“The resilience of gold prices in spite of the substantial wave of speculative selling since mid-March (~71 tonnes, corresponding to a 17% drop in net long spec positions) is encouraging in so far as it suggests the presence...Read More
Shrutee SarkarBENGALURU (Reuters) - The ongoing trade spat between the world’s two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found.The latest expectations from a poll of over 100 economists taken April 9-17 suggest the White House’s hopes for sustained...Read More
WASHINGTON (Reuters) - U.S. Secretary of State nominee Mike Pompeo made a secret visit to North Korea over the Easter weekend and met with North Korean leader Kim Jong Un, the Washington Post reported on Tuesday, citing two people with direct knowledge of the trip.Reporting by Eric Beech; Editing by Sandra Maler Disclaimer: The views expressed in this article are those of the author and may not r...Read More
Steve HollandPALM BEACH, Fla. (Reuters) - President Donald Trump said on Tuesday the United States was engaged in direct talks at “extremely high levels” with North Korea to try to set up a summit between him and its leader, Kim Jong Un.Trump sowed some confusion by suggesting he had been speaking to Kim directly, but later clarified by saying: “Let’s leave it a little bit...Read More
Jonathan CableLONDON (Reuters) - The Bank of England will raise its key interest rate to 0.75 percent in May, nearly all the 76 economists polled by Reuters said, then add another 25 basis points just before Britain is due to leave the European Union early next year.Soon after the June 2016 vote to split from the EU, the Bank cut 25 basis points from borrowing costs, taking them to a record low of...Read More
- London house prices fell by 3.2% in the first quarter - Halifax- Brexit, financial and geo-political uncertainty lead to falls- Excluding sale of seven ?10m-plus houses in London, prices were down 3.4% in the year- UK house prices climb by just 0.4% in April, the slowest increase since 2008 for same period- Sales transactions fall by 19% and asking versus selling prices show turning into buyer...Read More
Image Courtesy of Flickr user "warrenski"(Kitco News) - Forget drilling or using heavy machinery to get to gold — a lab in the U.S. found a new way to mine for the yellow metal by simply applying ultrasonic waves to discarded SIM cards.“We've had centuries to sort out the best ways to mine gold, but we haven't put a whole lot of thought into the best ways we can get gold from this elec...Read More
Today is a mixed bag, with gold futures trading modestly lower and physical gold gaining slightly. Gold futures based on the most active June 2018 Comex contract closed down by $0.50 on the day and is currently fixed at $1,350.20. At the same time, physical or spot gold is trading up by approximately $1.60 at $1,347.28U.S. equities continuing to make their dramatic ascent indicates a market sentim...Read More
Morgan Stanley reports record profit, IBM posts weak resultsOil rises 3 percent after EIA report shows inventories fellState Street's Tim Graf says equity markets "look rosy" but may start facing problems toward the end of the year.U.S. stocks edged higher as investors parsed a mixed bag of earnings and rising oil prices boosted energy producers. Treasuries fell and the dollar advanced amid signs...Read More
Steve HollandPALM BEACH, Fla. (Reuters) - President Donald Trump disclosed on Tuesday that the United States is having direct talks at “extremely high levels” with Pyongyang to try to set up a summit between him and North Korean leader Kim Jong Un.Trump made the acknowledgement during a picture-taking session with Japanese Prime Minister Shinzo Abe as they opened two days of talks at t...Read More