But, as more details emerge from last week's stunning announcement that North Korean leader Kim Jong-un and U.S. President Donald Trump Continue...Read More
A branch of journalism that might be called, "don't worry, be happy, because this time is different" tends to pop up at the peak of cycles when imbalances Continue...Read More
SummaryFollowing the news continues to be useless.The bears have a downside set up in place.What the bulls need to do to make the bears fumble the ball.Do you think we will ever see a week of market moves associated with news events for which you will not shake your head?Week after week I think analysts say something so stupid that I just want to scream. As I have pointed out so many times over th...Read More
By Ed Steer10 March 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold quietly lower starting once trading began at 6:00 p.m. EST in New York on Thursday evening -- and by around 9:30 a.m. CST on their Friday morning, it was down about 5 bucks. It began to crawl slowly higher starting around 2 p.m. CST -- and that lasted until the noon silver fix in London...Read More
The U.S. exported a stunning amount of gold since the turn of the century. As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs. In 2012 alone, the United States exported nearly 700 metric tons of gold. The total amount of U.S. net gold exports over the past 17 years equaled the combined gold reserves of six high ranking countries.Whil...Read More
By David HaggithBloomberg this week ran a story telling us how the smart money gets out of the stock market when it hits its all-time peak and how the dumb money helps the smart money out. Only they didn't know that was what they were writing. It typically happens this way:At the end of a deliriously euphoric market rally when the market is preparing to crash, all the Joe Sixpacks, mom and pop a...Read More
Looking at the market at the close of this week, apparently the "policy makers" have once again gotten a handle on the financial markets. In the Dow Jones BEV chart below it did correct 10%; but only for one day, February 8th, with the Dow Jones coming back since. It closed the week only 4.81% from its last all-time high of January 26th, and so could easily make a new BEV Zero in the days and week...Read More
By Steve St. AngeloThe U.S. exported a stunning amount of gold since the turn of the century. As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs. In 2012 alone, the United States exported nearly 700 metric tons of gold. The total amount of U.S. net gold exports over the past 17 years equaled the combined gold reserves of six high r...Read More
Gold's change for the week just past? A zip-zero-nada bona fide nuthin' burger. Well, ok, it did sport a net gain for the week of 30 ? having settled the prior Friday at 1323.7 and now yesterday at 1324.0. En route, price made both a "higher-low", but also a "lower-high", referred to by traders as an "inside week". Fairly riveting stuff, one has to say. Best have a bowl of soup and a nap.Speaking...Read More
Full description and comments at: https://www.peakprosperity.com/podcas...Author and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline.In this wide-raging discussion ranging from the pervasiveness of propaganda in today's media to the risk of nuclear war, Kunstler also re-news his warnings of a current secular econ...Read More
We've just wrapped the Strategic Investment Conference, which in many ways is the best week of my year. Seeing so many old friends, making new ones, and having countless fascinating conversations is my idea of heaven.Continue...Read More
A branch of journalism that might be called, "don't worry, be happy, because this time is different" tends to pop up at the peak of cycles when imbalances that caused past crashes start to reemerge. Eager to keep the gravy train going, business publications send reporters out to interview industry experts (who are making fortunes from the ongoing expansion) on why this batch of imbalances is actua...Read More
Important development pieces have come together at the Silver Sand project in Bolivia. New Pacific Metals Silver SandNews Update: On March 12, New Pacific Metals Corp. began trading on the OTCQX Best Market under the symbol NUPMF.New Pacific Metals Corp. (NUAG:TSX.V, NUPMF:OTCQX) recently announced several key developments. Two major ones were obtaining exploration permits from the Bolivian gover...Read More
Warner Bros/courtesy Everett Collection / Everett CollectionScared about inflation? Don't worry. Prices are rising, but slowly. How quickly things change in a month: The "great inflation scare of 2018" has died down after the latest U.S. jobs report showed a smaller increase in how much workers are paid. And now a milder uptick in consumer prices will offer more comfort to anxious investors. Aver...Read More
January pay gain that spooked markets revised down to 2.8%Hiring strongest since mid-2016 as participation rate surgesThe U.S. added 313,000 jobs in January beating the estimate of 205,000. Bloomberg's Mike McKee reports.The U.S. economy enjoyed the biggest hiring spree since mid-2016 in February as workers streamed in from the sidelines of the labor force, but inflation pressures remained muted a...Read More
3 Hot Things to Know About Markets Right Now Netflix (NFLX) shares pop on news of a potential deal with former President Obama. Netflix shares year to date: +58%.Happy 9-year birthday to the bull market! This is the second largest and second longest bull market ever, with only the '90s bull standing in the way of the record books points out LPL Financial. Market Snapshot U.S. stocks surge...Read More
Adam HamiltonArchivesMar 09, 2018 The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingl...Read More
Easing geopolitical concerns offset trade worries, for nowGreenback falls versus most majors; gold erases lossU.S. payrolls beat expectations in February with an increase of 313,000, Bloomberg's Michael McKee reports.U.S. stocks rose while Treasuries fell as the latest labor report showed the American economy continued to strengthen without the prior month’s rapid wage gains that stoked inf...Read More
U.S. employers likely added 200,000 new jobs to the economy last month, according to the consensus forecast for Friday's non-farm payroll report, but investors are likely to once again focus on the pace of hour wage growth in order to gauge how the Federal Reserve will react to faster inflation in the world's biggest economy. Average hourly wages are expected to have risen by 0.2% last month, ec...Read More
We all know the stock market's been on a wild ride lately.You may find this shocking, but I believe the Dow could drop to 12,000. And, as a consequence, bitcoin could rally to $30,000.You read that right. How?The writing is on the proverbial wall and the panic is setting in on Wall Street. And in markets around the world, for that matter. Don't think for a minute that the one- or two-day rallies w...Read More