"The credit creation theory was something I intuitively grasped before from other alt-media sites, John nailed it down." - Comment from someone who watched the podcast belowThe "money supply" number as provided by official Federal Reserve statistics, it turns out, is not the true money supply. The fractional banking system allows banks to lend money on its reserve capital at a rate of 90 cents for...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 183,213126,94058,444145,702224,132387,359409,516 Change from Prior Reporting Period -16,29432,797-2,66113,224-41,155-5,731-11,019 Traders 17982745951267181 Small Speculators LongShortOpen Interest 53,22231,065440,581 -1,2274,061-6,958 non reportable posit...Read More
On April 8th we sent out a short-squeeze alert to our Canadian Insider Research Club members about a US-focused cannabis stock listed in Canada. Since the report, the stock has made a set of new all-time highs. Not surprisingly, the stock hit another all-time high on Thursday on the back of the news that Canopy Growth (WEED) was entering the American market.The April 8th report is available in th...Read More
Steel billet prices were mostly unchanged or went down in most regions in the week ended Thursday April 18, due to thin trading activity amid political elections, public holidays and full order books.CIS, Turkey, Middle East-North AfricaBillet producers in the Commonwealth of Independent States (CIS) have started to seek sales opportunities in Asia, considering the weak sentiment in their traditio...Read More
Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on. Back last December silver broke out of a fine Double Bottom formation and ran up quickly but the advance turned out to be modest and by late February it had fizzled out and it started reacting...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 183,213126,94058,444145,702224,132387,359409,516 Change from Prior Reporting Period -16,29432,797-2,66113,224-41,155-5,731-11,019 Traders 17982745951267181 Small Speculators LongShortOpen Interest 53,22231,065440,581 -1,2274,061-6,958 non reportable posit...Read More
Mueller reported that there were "multiple acts by the President that were capable of exerting undue influence over law enforcement investigations."Continue...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on. Back last December silver broke out of a fine Double Bottom formation and ran up quickly but the advance turned out to be modest and by late February it had fizzled out and it started reacting...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 183,213126,94058,444145,702224,132387,359409,516 Change from Prior Reporting Period -16,29432,797-2,66113,224-41,155-5,731-11,019 Traders 17982745951267181 Small Speculators LongShortOpen Interest 53,22231,065440,581 -1,2274,061-6,958 non reportable posit...Read More
Steel billet prices were mostly unchanged or went down in most regions in the week ended Thursday April 18, due to thin trading activity amid political elections, public holidays and full order books.CIS, Turkey, Middle East-North AfricaBillet producers in the Commonwealth of Independent States (CIS) have started to seek sales opportunities in Asia, considering the weak sentiment in their traditio...Read More
Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on. Back last December silver broke out of a fine Double Bottom formation and ran up quickly but the advance turned out to be modest and by late February it had fizzled out and it started reacting...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 183,213126,94058,444145,702224,132387,359409,516 Change from Prior Reporting Period -16,29432,797-2,66113,224-41,155-5,731-11,019 Traders 17982745951267181 Small Speculators LongShortOpen Interest 53,22231,065440,581 -1,2274,061-6,958 non reportable posit...Read More
Anglo American Plc (LON:AAL) has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources Ltd (LON:VED), Anil Agarwal, the Telegraph reported, citing unidentified people.Agarwal has previously stated he had no intention to take over the miner, but bankers think he is now working with adviser JP Morgan Chase & Co to help finance a bid as soon...Read More
Less than a week after agreements were signed and protesters lifted a blockade impeding trucks from bringing copper into the markets from MMG's Las Bambas, there are threats of a new rally just outside the mine.On Saturday, the president of the Nueva Fuerabamba community, Gregorio Rojas, told local media that he is willing to organize a new blockade if the government doesn't archive the criminal c...Read More
RAPAPORT... The Gemological Institute of America (GIA) has appointedShahdeh Ammadi director of institute relations, a newly created position. In her role, Ammadi will oversee the institute's globalalumni and GemKids programs, as well as its guest services. She was previouslythe director of alumni relations and annual giving at the Columbia UniversityGraduate School of Architecture, Planning and Pr...Read More
RAPAPORT... Petra Diamonds has unearthed a white diamond weighing 209.9carats at its Cullinan mine in South Africa. The D-color, type II, gem-quality stone is the fourth over100 carats the miner has recovered this year, and the third since the beginningof March, it said last week. Those included a 425.10-carat stone,which it named The Legacy, and a 100.83-carat diamond. Petra will sell its latest...Read More
RAPAPORT... Swiss watch exports rose 4.4% to CHF 1.74 billion ($1.72billion) in March as UK retailers continued to stockpile in preparation forBrexit. "The UK was a special case once again, because ofstockpiling in the run-up to Brexit," the Federation of the Swiss WatchIndustry reported last week. "Other European markets continued to lose ground." Exports to the UK rose 76% to CHF 134.7 million (...Read More
RAPAPORT... Kering noted strong sales in its jewelry-and-watch divisionin the first quarter, amid growing Asian demand and a positive reception at the Salon International de la Haute Horlogerie (SIHH) fair in Geneva. "Jewelry delivered solid growth, thanks in particular to thesuccess of creations by Boucheron, Qeelin and Pomellato," the company said lastweek. New watch modelsthe retailer unveiled...Read More
RAPAPORT... De Beers jewelry subsidiary Forevermark has promoted chiefoperating officer Nancy Liu to CEO, as Stephen Lussier steps back. She will take over the day-to-day running of the brand,allowing Lussier, who has been CEO since 2009, to increase his focus on shapingDe Beers' strategy at the consumer level, the company said last week. He willalso continue in his position as Forevermark chairma...Read More