HighlightsFounder of the Trends Research Institute and Globalnomic(R) Trend Forecaster Gerald Celente returns with the economic forecast for the new year. $1,200 is the floor for gold - once the bulls push the price over $1,450 the sea change in sentiment could ignite an ascent to a new record over $2,000. Topping the list of catalysts that could move the PMs sector include a spike in oil price...Read More
By Alasdair MacleodThis article is an overview of the principal factors likely to drive the gold price in 2019. It looks at the global factors that have developed in 2018 for both gold and the dollar, how geopolitics are likely to evolve, the economic outlook and how it is worsened for the dollar by President Trump's tariff war against China, the availability and likely demand for bullion, and t...Read More
Declining supply, rising demand & positive cash flows By Adam TaggartSince gold topped out in 2011, the precious metals mining sector has been where investor capital goes to die.Mining stocks have performed miserably over the past seven years, missing out completely on the central bank-created liquidity-fest that has raised nearly every other equity sector to record highs.But the long winter o...Read More
I thought I'd seen all the "Peter Schiff Was Right" videos, but just stumbled onto this 2006 CNBC classic pitting Schiff against a new cast of (in retrospect) clueless antagonists, including a "chief economist" with some quaintly credulous ideas. This was the peak of the subprime mortgage mania, so the Bubblevision talking heads still considered the Fed to be "THE experts" on inflation and were...Read More
By Gary TanashianOur target for the first half of 2019 is and has been the 2100 to 2200 area for the S&P 500. A friend asked...I've been meaning to ask (and possibly) know the answer, 2100-2200 for H1 2019 is your ultimate bear market target or opening act?Opening act. It could be the ultimate target because there is a lot of support at that area and a good solid bear phase could put the Fed on...Read More
Central banks' purchases create a floor for gold prices. Myth or fact? We invite you to read our today's article about the central banks' demand for gold and find out whether it will save gold. Gold is an important part of central banks' foreign exchange reserves. As of H1 2018, they hold about 34,000 tons of bullion worth $1.36 trillion, or 10.3 percent of the total reserves, according to t...Read More
'Hard' Brexit Risk Sees Gold Gain In Euros and Pounds - Nears ?1,000/oz & EUR1,100/ozGold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a 'hard' Brexit, about global economic growth and uncertainty around the Fed's interest rate policies in 2019.Gold in GBP - 1 Month (GoldCore)Gold has consolidated on last wee...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
China's domestic rebar prices rose on Friday December 14 as trading activity picked up. Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($552-558) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,560-3,590 yuan per tonne, up 50 yuan per tonneBillet and futures moved steadily upward during today's trading session, leading to higher buying interest.Some end users raised procu...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a more-dov...Read More
Response to my quarterly request for donations has been very weak. Normally December is our best quarter for reader support, but the response to my December 10 request is the weakest ever.Continue...Read More
Wheaton Precious Metals' (TSE: WPM) shares surged over 14% Friday, following the company's announcement that it had a reached settlement with the Canada Revenue Agency (CRA). The settlement provides for a final resolution of Wheaton's tax appeal in connection with the reassessment under transfer pricing rules for 2005 to 2010.Wheaton Precious Metals is one of the largest precious metals streaming...Read More
I was recently in LA (December 2018) and had the opportunity to speak again with Jocko Willink (https://en.wikipedia.org/wiki/Jocko_W...). We discussed the catastrophe of the Soviet/communist utopian experiment, with a terrible account read initially by Jocko, followed by a discussion of Aleksandr Solzhenitsyn's Gulag Archipelago (for the 50th anniversary version of which I wrote a foreword (https...Read More
Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
I thought I'd seen all the "Peter Schiff Was Right" videos, but just stumbled onto this 2006 CNBC classic pitting Schiff against a new cast of (in retrospect) clueless antagonistsContinue...Read More
* Discounts widen in India, jewellers hold off on fresh purchases* Activity quiet in China, premiums narrow to $5-$6.50/oz* Singapore premiums ease slightly to $0.50-$0.60/ozDec 14 - Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion's appeal going into the holiday season, with buying interest in second biggest consumer India likely to be subdued fo...Read More
The real Game of Thrones is already underway. The contest to succeed Mario Draghi is now officially open. The head of the European Central Bank (ECB) will leave office onContinue...Read More