CloseGain/LossGold $1316.50-$8.70Silver$16.39-$0.16XAU78.81-1.23%HUI171.57-1.50%GDM600.49-1.22%JSE Gold1067.94-9.34USD90.15+0.41Euro123.05-0.62Yen94.11-0.03Oil$61.19+$0.2310-Year2.825%+0.008T-Bond145.96875+0.09375Dow24873.66+0.47%Nasdaq7481.74-0.20%S&P2747.33-0.08% The Metals: Gold edged up to $1327.90 in Asia before it dropped back to $1315.00 in midafternoon New York tr...Read More
The insanity of Central Bankers knows no bounds.The latest indication of just how far "down the rabbit hole" the financial world has gone comes from Japan where it was announced that the Bank of Japan bought 75% of Japanese Government Debt issuance in FY17.That is not a typo. Japan's Central Bank bought $3 out of every $4 in debt Japan issued in fiscal year 2017. And it now owns 40% of Japan's tot...Read More
As our loyal readers know, at U.S. Global Investors we carefully monitor the price of gold. We pay close attention to the macro drivers moving the yellow metal, like government policy and cultural affinity spurring demand globally. We also monitor the micro drivers, like company management and quant factors that make one gold stock superior to the next.Gold's qualities make it one of the most cove...Read More
Full Article: MGX Minerals Engages Hatch Ltd. for Magnesium Metal Study VANCOUVER, BRITISH COLUMBIA / March 15, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that as a result of the recently announced positive Preliminary Economic Assessment ("PEA") for the production of 161,000 net tonnes per year of magnesium oxide (MgO) at its...Read More
For a while there it looked like the blow-off top of this expansion was somewhere in the future. Now it's starting to look like 2017 was as good as it's going to get - with serious implications for stocks, bonds and real estate. At least that's what interest rates now seem to imply. From today's Wall Street Journal: Yield Curve Once Again Sends Dour Signal on EconomyA bond market barometer that...Read More
Where is the gold bull market that we predicted would begin about now? Here is our broad-based overview. The financial markets continue to expect an aggressive Fed going forward with four-even five-rate hikes this year and a continuing shrinkage of its balance sheet (Quantitative Tightening). Given this, gold has held up pretty well, essentially range trading, but the gold stocks have suffered bec...Read More
The insanity of Central Bankers knows no bounds.The latest indication of just how far "down the rabbit hole" the financial world has gone comes from Japan where it was announced that the Bank of Japan bought 75% of Japanese Government Debt issuance in FY17.That is not a typo. Japan's Central Bank bought $3 out of every $4 in debt Japan issued in fiscal year 2017. And it now owns 40% of Japan's tot...Read More
Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed? Summary of the SurveyThe views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current lev...Read More
Full Article: Is Silver Set to Take Off?By: Darren BlasuttiSilver is set to rally, but only in the medium to long-term, said Darren Blasutti, CEO of Americas Silver Corp."I think we're particularly positive on silver, but I think we're out two or three years before we see that real change in silver, but we're very bullish right now on zinc and lead, and copper," Blasutti told Kitco News on the si...Read More
Volatility setting up like 2014/2015, Get ready for some interesting range rotation and price swings.Our recent research shows that the current US markets are setting up for what could become a very interesting price range rotation as well as increased volatility. Our team of researchers at Technical Traders Ltd. have identified a number of key elements that appear to be in place similar to 201...Read More
By Michael J. KosaresGold is trading lower this morning and most media reports attribute the weakness to next week's Federal Reserve Open Market Committee meeting. At that meeting, as we have heard endlessly, the Fed is scheduled to raise interest rates by a quarter of a point, and rising interest rates are bad for gold.But are they? Paul Farrugia of First Macro Capital put together a fairly d...Read More
If you've been following me for any length of time you know I've been a major bull when it comes to the stock markets. The last two years were some of the best years to be a bull in one of the greatest bull markets of all time and I don't say that lightly.A little over a month ago we got our first correction of 12% in over two years on the SPX. Everyday the SPX would be up four or five points on t...Read More
By Frank HolmesAs our loyal readers know, at U.S. Global Investors we carefully monitor the price of gold. We pay close attention to the macro drivers moving the yellow metal, like government policy and cultural affinity spurring demand globally. We also monitor the micro drivers, like company management and quant factors that make one gold stock superior to the next.Gold's qualities make it one...Read More
By RambusIf you've been following me for any length of time you know I've been a major bull when it comes to the stock markets. The last two years were some of the best years to be a bull in one of the greatest bull markets of all time and I don't say that lightly.A little over a month ago we got our first correction of 12% in over two years on the SPX. Everyday the SPX would be up four or five...Read More
The Russia-Britain spat needs to be closely watched. Any deterioration of relations between the two nations will be bullish for gold and bearish for the US dollar. Theresa May is using Russia as a way to divert attention from her political woes and Brexit fears. All international treaties and conventions have been broken by the UK over the killing of an ex spy. I am not even sure whether the UK...Read More
The following is a summary of our recent FS Insider podcast, "Danielle DiMartino Booth: Problems at the Fed, More Volatility for the Markets," which can be accessed on our site here or on iTunes here.Danielle DiMartino Booth, founder of Money Strong and author of Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America, warns that the US is more highly levered today than it was in 2...Read More
Inflation over time raises the cost of raw metal and we see that such coins vanish from the money supply. Britain is the latest in line to eliminate the 1 & 2 pence coins. They are costing more to produce than they are worth. I have written about the monetary reform Act of 1857 when the penny was drastically reduced in size. Canada eliminated the penny as well.The United States dropped copper...Read More
Are Trump's latest tariff's a potential successful long-term strategy or will he crash and burn? Prof. Steve Keen discusses it with Bart Chilton. Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economi...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Michael Maloney is the founder and owner of GoldSilver.com, a global leader in gold and silver sales and is also the author of the bestselling precious metals investment book of all time, "Guide To Investing in Gold & Silver: Protect Your Financial Future."Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold an...Read More