Oil shot higher in recent weeks due to inventory draws and threats to Iranian production. In 2016, Trump campaigned against the historic Iranian Nuclear Agreement, but extended approval last week, vowing to end the deal in May unless Europe agrees to tougher terms for Iranian compliance. With Iran producing almost 4 million barrels a day courtesy of this nuclear agreement, there is a consider...Read More
The Three Horsemen of InflationTrucking inflationCell phone inflationWage inflationTrucking Inflation Is Just Getting StartedU.S. cargo shipments contracted throughout 2015 and 2016.This was evident in both rail and trucking. But trucking is special: 70% of goods in the U.S. get shipped by truck. So, naturally, inflation in the trucking industry has a major impact throughout the economy (a ri...Read More
Peak gold represents a watershed event for the yellow metal.Gold miners and gold investors alike have anticipated this moment for years.In short, peak gold is the year in which gold miners extract as much of the yellow metal out of the ground as they ever will.Since 2015, production from gold mines has been flattening, according to data from Metals Focus. If the estimates for 2017 prove correct, p...Read More
Are there going to be mass arrests and prosecutions of the elite? Dr. Dave Janda, a radio host and a patriot who is a Washington outsider with insider contacts, says, "I believe that it's going to happen, and I know people are saying that it's pure fantasy and that it's just not going to happen. One of most effect control mechanisms is the human trafficking pedophile situation. The media won't rep...Read More
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc.,...Read More
Continue...Bill 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 joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper...Read More
By Ira EpsteinGold higher but looks in need of some consolidation.https://www.iraepstein.com/ Read More
By this point in time you've most likely heard of the controversies surrounding 'blood diamonds,' but are you aware of the gold issuesContinue...Read More
2017 was literally the smoothest stretch of highway that US stocks have ever traveled. Rising almost every day and seldom falling hard, they made it virtually impossible for investors to lose money. Here's the Dow Jones Industrial Average over the past two years. Note how unnaturally smooth the recent action was.As a result, measures of volatility (i.e., fear) like the Vix fell to all-time lows. N...Read More
The Commodity Futures Trading Commission has released the latest CoT report. What can we learn from it about the gold market?Light and Darkness in the Gold MarketThe epic battle between good and evil. The conflict between light and darkness. We and them. This is how some analysts portray the Commitments of Traders report. Commercials, i.e. bullion banks such as JP Morgan, are of course the bad guy...Read More
Crude oil is starting out strong in 2018 asboth the international Brent benchmark and the West Texas Intermediate continueto book price gains. The gains in crude oil prices this year is riding thewaves of the uptrend in oil prices that began in 2017. Now, the U.S. West TexasIntermediate is trading up around $63.57 per barrel and the Brent crude istrading up around $69.20 per barrel. Commodi...Read More
– JP Morgan continues to accumulate the biggest stockpile of physical silver in history– “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler– Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today– Money managers showing more optimism towards silver through record buying– “Near impossibl...Read More
The rebound in the precious metals sectorcontinues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocksled by the HUI Gold Bugs Index and GDX also made a new high with juniors andSilver right behind. The greatest traders say the move comes first and then thereason later. When it comes to Gold we are always analyzing the reason behindthe moves so we can distinguish between reactions...Read More
Jan 22, 2018 Guest(s): Ivan Bebek Executive Chairman, Auryn Resources Gold started off 2018 strong, as is typical for January and February, but one mining executive says the yellow metal may see stronger moves higher.Ivan Bebek, Executive Chairman of Auryn Resources, told Kitco News on the sidelines of the Vancouver Resource Investment Conference that sentiment for gold is currently high, and in...Read More
Jan 22, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold has been on an upward slope since the Fed increase, driven by big managers' money rushing into the safe haven as doubts linger around equities, says Peter Hug, director of Global Trading at Kitco Metals."This year, right after the Fed rate increase we've had an upward slope. If we extrapolate out what happened in the pas...Read More
Jan 21, 2018 Guest(s): Brent Cook Exploration Insights Brent Cook of Exploration Insights doesn't prefer one metal over another as long as the company that mines it can be profitable.In an interview with Kitco News on the sidelines of the Vancouver Resource Investment Conference, the investor said that when it comes to mining picks, he is not metal-specific."What we're really looking for is high...Read More
Danielle DiMartino Booth, former Adviser to the President of the Dallas Federal Reserve, joins Remy Blaire of Sprott Media, to discuss fundamentals affecting global and national economic growth. The effects of the partial U.S. government shutdown and the U.S.-China trade war are weighed at a time when American wage-earners consider IRS tax withholding changes following tax reform legislation in 20...Read More
- London homeowners cut property prices by another 1.4% in January- Average price for a London house dropped by ?22,000 to ?600,926 in 2017- Takes 78 days to sell a home on average, the highest level since 2012- London's downtrend continues after 2017 performance as worst UK housing market- UK regional house prices begin to falter as house prices climb slows down- Gold bullion remains a great h...Read More
SEOUL, Jan 16 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened slightly on Tuesday. The Korean won barely moved from a 3-year high reached this week while bond yields rose. ** At 00:59 GMT, the KOSPI was down 2.05 points or 0.08 percent at 2,501.31. ** The won was quoted at 1,064.3 per dollar on the onshore settlement platform , 0.15 percent weake...Read More
* Australian shares hit 2-week low* Weak iron ore prices drag material stocks* NZ marks biggest intraday percentage gain in over 5 weeks By Christina MartinJan 16 (Reuters) - Australian shares slipped to their lowest in two weeks on Tuesday, with materials weighing on the index on weak iron ore and coking coal prices.Chinese iron ore futures fell 2 percent on Monday as stockpiles of the steelmaki...Read More