Dollar's decline helps support prices for raw materialsInvestor focus turns to U.S. inflation outlook and ratesKleinwort Hambros' CIO says opportunities will arise from this market.U.S. stocks surged, with financial markets showing signs of recovery after the worst week in two years for American equities. The 10-year yield fell back from the four-year high hit earlier Monday as the dollar sli...Read More
Bond yields were on the rise again as Wall Street kicked off another trading week. Early Monday, Feb. 12, the yield on the 10-year Treasury note surged as high as 2.902%, tallying a new four-year record. Most recently, the 10-year note was yielding about 2.862% as it came off highs. U.S. stocks held on to gains despite the jump in yields. Rising bond yields come amid growing and sustained c...Read More
Wall Street futures were pointing to a positive open on Monday, as global markets advanced after markets fell to two lows last week on worries of faster inflation and rate rises in the U.S. U.S. markets looked set to start the week in positive territory, giving a reprieve to investors after markets last week saw their worst period in two years. Dow Jones Industrial Average and S&P 500 mini f...Read More
Big news from the Federal Reserve this week.As new Fed Chairman Jerome Powell was taking his seat at the head of America's central bank amid a major market correction, a big decision in favor of the marijuana industry was buried in all the noise.Turns out the Fed just greenlit a new marijuana business.The Federal Reserve approved a master account for Fourth Corner Credit Union, a new Colorado-base...Read More
After two years of seemingly never-ending advances - with very few shallow pullbacks - the market has entered correction territory in record time.It reminds me of a quote from investing legend Warren Buffett:“For you see, Mr. Market is emotionally unstable. Some days he is cheerful and enormously optimistic... At other times, Mr. Market is discouraged and terribly pessimistic...”If Buf...Read More
Shell shocked investors are searching for answers after last week's stock market plunge.Volatility returned with a vengeance. The financial media has also ratcheted up the noise to unprecedented levels. The financial fear factory is on full tilt.Fortunately, some folks kept a level head during last week's manic market action. If we want to live to fight another day in these markets, we need to tak...Read More
Gold miners have been punished severely throughout the correction process.While gold has declined by only 4%, GDX fell by more than 16% from peak to trough.However, gold's uptrend is well intact, prices are trending above $1,300, and gold miners have become much more productive and efficient in recent years.Moreover, the fundamental backdrop for gold remains extremely favorable, and what's...Read More
Gold sold off 2.4% last week in spite of a sharp equity sell-off. Where is the safe-haven bid?Speculators cut their net long positions for the second week in a row, the CFTC shows.ETF investors cut their gold holdings at the largest pace since July 2017, according to FastMarkets' estimates.But don't worry! Why gold is set to shine in the months ahead?I remain long IAU over the long term (12m). In...Read More
Northern Vertex is a solidly run company in a good mining district.The Moss Mine has solid financial fundamentals on cost and recovery, but this is not a superstar mine based on current resource estimates.Hidden value includes the additional resource potential in the land package and the likely upside swing in the silver price which this mine has plenty of.This is a moderate risk play, comparative...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 13, 2018Gold has staged a superb rebound from the $1310 support zone, but that was overshadowed by the truly spectacular reversals taking place in most of the Western world’s gold stocks!Pleaseclick here now. Double-click to enlarge this gold chart. I like the technical action b...Read More
CloseGain/LossGold $1329.30+$8.00Silver$16.57+$0.05XAU81.06-0.03%HUI180.45UNCHGDM615.81+0.37%JSE Gold1170.31+51.97USD89.69-0.45Euro123.51+0.59Yen92.78+0.76Oil$59.19-$0.1010-Year2.829%-0.028T-Bond144.75+0.34375Dow24640.45+0.16%Nasdaq7013.51+0.45%S&P2662.94+0.26% The Metals: Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied b...Read More
By Ira EpsteinMetals bump up a bit as US Dollar falls in front of tomorrow's CPI data.https://www.iraepstein.com/ Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018"If you feel like you're missing you, you've already missed out". Marin Katusa, Founder of Katusa Research, shares his thoughts on an ideal resource portfolio for 2018. Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become on...Read More
By Craig HemkeOver the past five months, we've frequently asked the same question: What changed on September 8?? You may recall that September 8 was the day the bond market abruptly turned, taking with it the USDJPY and DXY. In the wee hours of September 8, the Dollar Index hit 91.01, the USDJPY hit 107.32 and, most importantly, the yield on the 10-year note hit 2.02%. In the five months since,...Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018How do we use predictive analytics to predict everyday events? James Rickards, best selling author & Chief Global Strategist at Meraglim Inc, discusses predictive analytics in capital markets. Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital market...Read More
Source: Jack Chan for Streetwise Reports 02/12/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term...Read More
Graceland Updates By Stewart Thomson 1. Gold has staged a superb rebound from the $1310 support zone, but that was overshadowed by the truly spectacular reversals taking place in most of the Western world's gold stocks!2. Please click here now. Double-click to enlarge this gold chart. I like the technical action being displayed right now. Here's why:3. First, $1370 is mass...Read More
The Bank for International Settlements substantially increased its use of gold swaps and other gold-related derivatives during January, according to the bank's statement of account for the month:https://www.bis.org/banking/balsheet/statofacc180131.pdfThis increase follows a large decline in the bank's gold swaps in December. In recent months the BIS has been actively trading gold derivatives.The...Read More
By Axel Merk"Don't panic, buy the dip, who cares?" or "These are rumblings of an earthquake, people will be hurt like in 1929" - which one is it? I would call it a wake-up call. Let me explain:In recent years, markets had appeared eerily "safe". Central banks promised to do "whatever it takes", provided "forward guidance" to keep rates low, even printed money to buy government debt, calling it "...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