Wall Street is braced for heavy selling at the opening bell Wednesday as global investors fret over an escalating trade war after a key economic adviser to President Donald Trump abruptly left the White House yesterday after failing to convince him to reverse plans for import tariffs on steel and aluminium. Gary Cohn's departure from the Trump Administration sent markets in Asia lower and Europe...Read More
After a great run from $1,242 per ounce on Dec. 11, 2017, to $1,365 per ounce on Jan. 25, 2018, a 10% gain in six weeks, gold has settled into an up-and-down sideways pattern in the six weeks since.The sideways range has stayed between $1,305 and $1,356 per ounce with two rallies and two drawdowns. Gold marked time at $1,322 per ounce at the beginning of this week, close to the midpoint of this re...Read More
S.S. Trump loses its economic helmsman...Gary Cohn - lifelong Democrat, Goldman man and Trump's chief economic adviser - is deserting his post.Cohn is widely considered the force behind Trump's tax cuts.Absent Cohn's steady rudder... many fear the economic ship will take a perilous heading.Trump's trade warriors like adviser Peter Navarro will rise in his place.Protectionism and a global trade war...Read More
In early January, the world got the first peer-reviewed look at what could be the future of medicine.Specifically, I'm referring to the discovery of a new gene therapy treatment that controls embryonic healing processes.The genes that built you in the womb are still in your genome as an adult. And they can be reactivated to rebuild organs and tissues to their original youthful health.This could en...Read More
As I told you on Tuesday, I've been doing my own taxes for the last couple decades. And over that time, I've also done my fair share of moving around.The end result is that I've learned first hand what a difference various state tax systems can make to someone's overall financial picture.For example, when my wife and I lived in New York City, we suffered under aggressive state - and city! - tax ra...Read More
Nine years ago, everyone gave up on the stock market.The major averages were sliced in half. Cash was the market's only haven. After enduring a harrowing season of never-ending crashes during the heart of the 2008 financial crisis, stocks were once again falling off a cliff in March 2009.That's when everything changed.On Tuesday, March 6, 2009, the S&P 500 etched its intraday low - an ominous...Read More
“Oh yeah? Well, I’m going to charge you extra for every piece of steel you send our way!”“Really? Try this: We’re not going to sell any more Harley Davidson’s in our country!!”“Fine!! See how you like it when we don’t buy any of your fancy BMW’s or Audi’s!!!”“Well in that case, we’re going to ban Levi’s jeans...Read More
Key event details:Gold- All that Glitters11th March 2018 12.15 -12.55Gold has come to prominence of late, either as an underlying asset or an asset class in itself. We take a closer look at recent financial products structured on or around gold and ask if the upward trend is set to continue. Moderator: Mohammed Paracha, Partner, Head of Islamic Finance - Middle East & Africa, Norton Rose...Read More
CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45% The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the close, but it still...Read More
David Stockman on "Futures Now" (CNBC, March 8, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author, most recent...Read More
COLORADO SPRINGS, Colo., March 08, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced as of December 31, 2017, it increased proven and probable reserve tonnes by 32%, extending its Oaxaca Mining Unit's mine-life. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA....Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
COLORADO SPRINGS, Colo., March 08, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company" or "GRC") today announced a seventh consecutive year of profitability, reporting net income of $4.2 million or $0.07 per share. Included in the financial results is a $7.3 million, or $0.13 per share, non-cash income tax expense related to the recently enacted Tax Cuts and Jo...Read More
"Steel is the least of our problem."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The...Read More
Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.While he was working I asked him how business was going. He claimed to be swamped to the point of turning away jobs. I asked why he doesn...Read More
By Ronan Manly"Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see? We cannot take what is on the outside as evidence for what is on the inside."Thoughts of ANOTHER - October 1997LBMA Gold Price and LBMA Silver Price - Price Publication DelaysIn August 2014, the long-standing and tainted London Silver Fixing daily auction was replaced by a newly launc...Read More
TOPICS IN THIS INTERVIEW:01:45 Trade war fears04:40 The Deficit highlights the need for a Gold standard08:40 The new FED Chairman Powell - what can we expect?12:50 A 'complete flushing' of the markets14:30 Where to find out more informationBill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joini...Read More
"So it begins." This is what King Theoden said right before the Battle of Helm's Deep in the Lord of the Rings. Fortunately, the army of Uruk-hai doesn't threaten the kingdom of men. But something else - also dreadful - endangers us. Trade wars. Are Trade Wars Good? President Trump shook the world last week, saying: "(...) trade wars are good, and easy to win." Wrong! Each economist will say t...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More