Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of currency, while government regulators, corporations, and intergovernmental organizations wield unparalleled influence at the top of this crucial food chain. There is no doubt that this centralization...Read More
By: Richard (Rick) Mills, Ahead of the herd What were you doing on August 1, 2018? Likely it was just like any other day, with your thoughts on work, your spouse, your kids, money, what to make for dinner, etc. What you should have been thinking about though, was the Earth. August 1 was Earth Overshoot Day. What does that mean? Well, Earth Overshoot Day is the day of the year when humanity h...Read More
Stocks had trouble staying aloft Tuesday after rocketing higher a day earlier. Although the Dow finished with a 117-point gain, it was up by more than 200 in the early going and probably would have finished in the red if sellers had been less timid. There were other signs of heavy distribution. For one, AAPL's sly handlers opened the stock on the high of the day, trapping bulls before pulling th...Read More
Question: Plunger you keep insisting that we are in a bear market. Really? The averages have done nothing but go straight up since December 24th. At this rate we will be at new highs within a month. I thought prices go down in a bear market! That's not happening.Answer: The most reliable method of forecasting the eventual outcome of the market over the past 118 years has been Dow's Theo...Read More
Import prices for steel billet in Southeast Asia climbed further on Thursday February 14, supported by higher offers and an uptick in spot trading after the Lunar New Year lull.Fastmarkets MB's daily import price assessment for billet in Southeast Asia was $475-485 per tonne cfr Manila on Thursday, narrowing upward by $5 per tonne from the previous day.On a week-on-week basis, the assessment range...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
"Cryptocurrenies are all going to go to zero; they're all going to disappear."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of Wor...Read More
Grant's Interest Rate Observer Founder and Editor Jim Grant and CNBC's Rick Santelli discuss the bond market in Europe.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearanc...Read More
China's domestic rebar prices continued to drop on Thursday February 14 amid a weakening of the billet and futures markets.Domestic Eastern China (Shanghai): 3,750-3,780 yuan ($554-559) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,800-3,830 yuan per tonne, narrowed downward by 10 yuan per tonneThe release of data that showed an increase in inventory levels resulted in bearish se...Read More
Stocks provide a return to today's investors via two mechanisms: dividends and capital gains.Dividends provide and income stream which can be qualitatively values. Capital gains result from speculation - an expectation that future dividends will be higher than the market currently expects.But what's the value of a company that continuously pays no dividends and does not appear as if it ever will i...Read More
Import prices for stainless steel in East Asia continued to rise during the past week with mills increasing their offers again amid costlier nickel, although spot trading activity remained sluggish amid the Lunar New Year lull.Fastmarkets MB's weekly import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,980-2,080 per tonne cif on Wednesday February 13, up $40-5...Read More
"So the precedent that the president is setting here is something that should be met with great unease and dismay by the Republicans."Continue...Read More
There is a serious question that no one wants to address. How did Al Gore create the global warming scare and earn hundreds of millions of dollars in the process? Before Al GoreContinue...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/new-r...Starting in July 2017, Fannie Mae began buying up mortgages funding these purchases with SOFR bonds, the new Federal Reserve experimental benchmark. Know who bought those bonds? Commercial banks bought 1.3% and those that use OPM (Other People's Money) bought the rest; Fund managers bought 9.7%, State and Local Pensions bought...Read More
JP Morgan has made a JPM Coin cryptocurrency! I don't even know what to say about this....wait...maybe I do!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation...Read More
Stephen Roach, former Morgan Stanley Asia chairman, joins CNBC's "Squawk on the Street" to discuss China's slowing economic growth and a potential trade deal between the U.S. and China on trade.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of...Read More
Continue...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 S...Read More
Yamana Gold's (AUY) stock rebounded 4.65% in after-hours trading on Thursday after the miner announced Q4 and FY 2018 results. During regular trading hours, Yamana closed down 1.1% in line with the weaker overall market.Yamana's gold equivalent ounce production for the fourth quarter was 310,369, including 270,193 ounces of gold and 3.26 million ounces of silver. Total Yamana gold production...Read More
Investors are now pricing in a small chance of a Federal Reserve interest-rate cut by the end of 2019. Thursday's exceptionally weak retail sales report as caused some investors to growContinue...Read More
Fortune Minerals of London, Ont. Says the Northwest Territories government has signed a contract for the building of the Tlicho all weather road to the community of Whati. The village is only 50 km south of Fortune's NICO cobalt-bold-bismuth-copper mine and mill project.Fortune will undertake the construction of a road from the mine site to Whati so that concentrates can be shipped out for process...Read More