Global stocks traded modestly weaker Friday, pulling U.S. equity futures into the red and threatening the first five-day stretch of declines for the year, as investors reacted to reports of more White House turmoil and braced for news of new tariffs on China in the world's brewing trade war. U.S. equity futures suggest a soft start to the trading session on Wall Street, as well, with contracts t...Read More
A few years ago Boston Consulting Group published a report that found five types of luxury consumers.The report looked at the spending habits of these five types in six luxury markets - the U.S., Brazil, China, Japan, Russia and Europe. What they found was interesting.5 Types of Luxury ConsumersThe Aspirationals: Aspirationals have $85,000 or more in annual income in developed markets or $29,000 i...Read More
Get ready for a new international conflict!Only this time, instead of bombs and bullets, the weapons of choice will be tariffs and quotas.That’s right... All indications point to a full-fledged trade war on the horizon!The media has been talking about the potential for an international trade war for quite a while now, after Trump made it clear that he wanted the U.S. to pull out of the North...Read More
Wishing you health, wealth and good luck this Saint Patrick's Day!May your home be filled with laughter May your pockets be filled with gold And may you have all the happiness. Your heart can hold This Saint Patrick's Day we bring you an interesting article from the Irish Post about the history of gold mining in Ireland and Ireland's hidden gold hotspots.by Jack Beresford via the Irish PostIRE...Read More
Buy The Kudlow Krash...This week's appointment of former Bear Stearns' Chief Economist Larry Kudlow as head of the National Economic Council ("NEC") will go down in history as one of the worst appointments in U.S. economic and political history. Notwithstanding that I cannot nor ever could stand watching or listening to the this Wall Street/Washington sycophant, he has been lobbying for a place in...Read More
"We have reliable information at our disposal that US instructors have trained a number of militant groups in the vicinity of the town of At-Tanf, to stage provocations Continue...Read More
Our proprietary cycle indicator is down.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy si...Read More
China's holdings of US debt fell to a six-month low of $1.17 trillion in January, according to the latest data published by the Treasury Department.Continue...Read More
Brittany Pettibone:PayPal: https://www.paypal.me/BrittanyPettibonePatreon: https://www.patreon.com/BrittanyPetti...Martin Sellner:https://martin-sellner.at/unterstuetz...Lauren Southern:Patreon: https://www.patreon.com/laurensouthernPaypal: https://www.PayPal.Me/LaurenSouthernBitcoin Wallet: 1JLM6GJwaPdNv4dM8K5KkcFHeziXXXMGKT Read More
So many patterns that have held for decades seem to have broken down, leading to one of two conclusions: Either this time really is different in ways thatContinue...Read More
Technical analyst Clive Maund charts a gold explorer that he believes has the "potential to take off higher suddenly on positive drill results."Golden Ridge Resources Ltd. (GLDN:TSX.V) looks like an interesting gold-silver play here for more speculative readers. On its latest 6-month chart we can see that it appears to be in a basing pattern so far this year after losing two-thirds of its value fr...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,43166,48382,713161,604350,414478,748499,610Change from Prior Reporting Period -11,1564,71919,9028,183-7,91016,92916,711Traders17874884957262192 Small Speculators LongShortOpen Interest 48,01427,152526,762 1,7331,95118,662 non reportable positionsChange from the previous repor...Read More
Gold and silver fell on uncertainty in global financial markets. The USA is trying to blackmail South Korea over trade tariffs by saying that it will roll back military support. Black mailing will not work with South Korea. The USA needs South Korea as an ally MORE than the other way around. USA/NATO now wants to command the South China Sea and the Indian Ocean due to the mineral wealth under th...Read More
Although the probability of a rate hike at the conclusion of this month's FOMC meeting next week is extremely high, traders, analysts, and investors continue to have a wait-and-see attitude. The countdown clock on the CME's FedWatch tool currently reads: 4 days, 19 hours, 9 minutes and counting, as of 3:51 PM Eastern standard time today. Currently, the probability that the Fed will announce a rate...Read More
A report made public today by the Associated Press reveals that an internal accounting of the claims submitted to the EPA in connection to the Gold King mine spill appears to be off by $100 million.Under an open records request, AP obtained a spreadsheet from the U.S. Environmental Protection Agency that shows that the claims for economic losses and personal injuries from the 2015 spill totalled m...Read More
Financial stocks tipped the scales in the bulls' favorAfter trading on both sides of the coin throughout the day, the Dow ultimately closed modestly higher. The blue-chip index was powered by upbeat economic data, as well as a rally in financial stocks, which helped to offset reports of more personnel changes in the Trump administration. The S&P and Nasdaq were also able to finish in the black to...Read More
The greenback is strong on Friday with industrial data, JOLTS and Michigan sentiment index. Gold bulls might be running out steam as they get tired to defend 1310. Gold is trading at around 1311.50 down 0.22% on Friday despite mounting hostilities over the attempted murder of a former Russian spy on the UK soil, which triggered geopolitical uncertainties. The precious metal fell to 2-week lows v...Read More
(Reuters) - The S&P and Dow Industrials rose on Friday as strong U.S. industrial output numbers boosted stocks across sectors, though equities were on track for overall losses this week.February industrial production jumped 1.1 percent, the largest increase in four months.Energy .SPNY led the major sectors of the S&P 500 with a 0.9 percent gain, as oil prices rose by more than a dollar.&ld...Read More
NEW YORK (Reuters) - The dollar rose against most currencies on Friday, bolstered by solid U.S. economic data that further supported consensus expectations that the Federal Reserve will raise interest rates at next week’s monetary policy meeting.“The gains in the dollar were a positive reaction to the data,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange...Read More
Contrarians, who weren't surprised by gold's weakness in recent sessions, believe bullion will continue to suffer. That's because there still isn't the widespread despair and pessimism that typically precede tradable gold rallies. That despite gold's GCJ8, -0.11% disappointing performance during the stock market's recent correction; bullion is down 4% since its late January high - including anoth...Read More