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
The amount of global debt with negative yields soared to $16 trillion, or more than 25 percent of the market. This number has nearly tripled since October 2018. In July, even the 30-year German government bonds went negative for the first time ever, while Nordea Bank, a leading Danish bank, said it will begin offering 20-year fixed-rate mortgages with zero interest, as well as 30-year mortgages at...Read More
After the automaker's sharp pullback, one spread trader adjusted a four-legged tradeOptions are unusually active today on Italian automaker Ferrari NV (NYSE:RACE), with call volume surging to 3,155 in the first 90 minutes of the session -- nearly nine times the stock's average daily volume of just 355 contracts. In focus are a pair of out-of-the-money October strikes, with some of the volume tied...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 341,51158,91265,382163,008481,407569,901605,701 Change from Prior Reporting Period 7,397-5,4774,3456,94719,73518,68918,603 Traders 21167785256291177 Small Speculators LongShortOpen Interest 61,08925,289630,990 -2,452-2,36616,237 non report...Read More
The Federal Reserve's endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gold's Fed reactions often look capricious, there's a method to this madness. Traders need to understand...Read More
Michael Pento Ph.D. & Chris Waltzek Ph.D. - September 19th, 2019. * .Mp3 format.HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com. The duo concur that the US PODUS is attempting improve the position of the domestic economy. The EU and related economies may be on the cusp of a new Great Recession. The EU enacted QE operations via 20 bil...Read More
GE stock has run up to its 120-day moving averageGeneral Electric Company (NYSE:GE) stock rallied hard off its late-August lows near $7.80, and is now pacing for its fourth straight weekly win, up 0.2% at $9.43, at last check. The surge is running out of steam near the psychologically significant 200-day moving average, while just above here is GE's 120-day trendline, which has had bearish implica...Read More
Stewart Thomson, Graceland Updates 1. Please click here now. The Fed just cut interest rates again. It also cut the rate it pays banks on their excess reserves. 2. What does this mean for gold? Well, the 30basis point cut on excess reserves is bigger than the 25basis point cut on the fed funds rate. That could incentivize banks to loan money to the private sector rather...Read More
By: Ira EpsteinGold in a correction but on a weekly basis remains in an up-thrust, but I am concerned gold is challenging short-term lows..Read More
Alison Rose will be the first woman to serve as CEO to a major British lender The shares of Royal Bank of Scotland Group PLC (NYSE:RBS) are higher after the financial firm appointed Alison Rose as its new CEO, marking the first time a major U.K. lender has installed a woman in its lead executive role. Rose, who has been an employee for 27 years, will be replacing Ross McEwan on Nov. 1. RBS is trad...Read More
Just as we predicted, precious metals aresetting up another extended momentum base/bottom that appears to be aligningwith our prediction of an early October 2019 new upside price leg.Recent news of the US Fed decreasing the FedFunds Rate by 25bp as well as strength in the US stock market and US Dollar aseased fears and concerns across the global markets. These concerns and fears are still ve...Read More
Energy stocks CRC and MDR are rallying back from brutal selling earlier in the weekThe energy sector is lighting up again today, thanks to well-received headlines for oil-and-gas name California Resources Corp (NYSE:CRC) and oilfield engineering specialist McDermott International Inc (NYSE:MDR). Both stocks are making big moves higher in early trading, regaining some lost ground after heavy losses...Read More
NFLX calls have been quite popular latelyThe shares of Netflix Inc (NASDAQ:NFLX) are down 2.2% to trade at $280.20 this morning, after some cautionary words from Evercore ISI. Based on recent data checks,, which include a slowdown in app download growth in September, the brokerage firm warned that third-quarter international subscriber growth could be lower than expected for the second straight q...Read More
The brokerage firm set a low $60 price target on the streaming stockPivotal Research smacked Roku Inc (NASDAQ:ROKU) stock with a "sell" rating this morning, and set its price target on the stock at $60 -- a 55% discount to last night's close at $133.76. The brokerage firm said ROKU stock looked "overvalued despite the recent pullback," and said increased competition in the streaming space "will li...Read More
The White House has reportedly excluded hundreds of Chinese goods from tariffsFutures on theDow Jones Industrial Average (DJI) are modestly above fair value this morning, with the blue-chip index poised to bounce back after Thursday's bearish reversal. Wall Street is eyeing the latest U.S.-China trade news, with Politico reporting President Donald Trump is excluding hundreds of Chinese goods from...Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 341,51158,91265,382163,008481,407569,901605,701 Change from Prior Reporting Period 7,397-5,4774,3456,94719,73518,68918,603 Traders 21167785256291177 Small Speculators LongShortOpen Interest 61,08925,289630,990 -2,452-2,36616,237 non report...Read More
The Federal Reserve's endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gold's Fed reactions often look capricious, there's a method to this madness. Traders need to understand...Read More
Michael Pento Ph.D. & Chris Waltzek Ph.D. - September 19th, 2019. * .Mp3 format.HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com. The duo concur that the US PODUS is attempting improve the position of the domestic economy. The EU and related economies may be on the cusp of a new Great Recession. The EU enacted QE operations via 20 bil...Read More
Meanwhile, Socialist Elizabeth Warren Surges Past BidenBy Mike Gleason, Money Metals Exchange It's been a big week of geopolitical strife and potential crisis points for financial markets. The week began with one of the biggest single day oil spikes on record, then saw the Federal Reserve lose control of its own interest rate in the repo market before announcing another rate cut. Yet these an...Read More
Stewart Thomson, Graceland Updates 1. Please click here now. The Fed just cut interest rates again. It also cut the rate it pays banks on their excess reserves. 2. What does this mean for gold? Well, the 30basis point cut on excess reserves is bigger than the 25basis point cut on the fed funds rate. That could incentivize banks to loan money to the private sector rather...Read More