TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 31, 2018"Gold is money; everything else is credit." J.P. Morgan, 1912 (financier, banker; 1837-1913) "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store...Read More
The last update was wrong. Gold was expected to drop with the stockmarket, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason or reasons for the error. Failure to do this through pride, obstinacy or stupidity can lead to modest losses becoming ruinous. So wha...Read More
By Keith WeinerLast week, we wrote about the concept of discounting. This is how to assess the value of any asset that generates cash flow. You calculate a present value by discounting earnings for each future year. And the discount rate is the market interest rate. We said:"If the Fed can manipulate the rate of interest, then it can manipulate the value of everything......There is no other rate...Read More
"The slowdown in US economy seen since the start of 2018 and it is visible in the performance of US bonds", says Marc Faber, Editor & Publisher of "The Gloom, Boom & Doom Report". He adds weak oil prices, signal economic slowdown/ recession.*This interview was recorded on 12/26/18Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 197...Read More
In this episode Jim shares some excellent advice about how you should approach investing and what the next 10 to 20 years could turn out for the global economy. He suggests that North Korea, Russia and agriculture are contrarian bets that will have positive payoffs for those of us willing to go against the crowd. Also, I ask him about his views on cryptos and blockchain and whether he as any advic...Read More
James G. Rickards, author and strategist, joins Remy Blaire of Sprott Media, to discuss gold and why "the little engine that could" will do more than chug higher when the Federal Reserve pauses. Rickards provides an explanation for why growth can occur during a depression and the warning signs that he considers point to an eventual recession in the U.S. economy.Jim Rickards is a lawyer, investment...Read More
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More
Click Here to Listen to the InterviewIn his own inimitable fashion, our old pal The Golden Jackass stopped by today to share his thoughts on the year that was and the year that soon will be.This podcast can be broken into two segments. In the first, Jim lists nine events or topics that dominated 2018. Some of these you'll know and some of these will no doubt be items you may have overlooked. In th...Read More
While Congress and the president fight over funding a border wall, they continue to ignore the coming economic tsunami caused by the approximately 22 trillion dollars (and rapidly increasing) federal debt. President Trump may not be troubled by the debt's effect on the economy because he believes he will be out of office before it becomes a major problem. However, the crisis may come sooner than h...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
Discussed in this interview:01:19 Why the Fed is slowing rate hikes?08:39 No real economic activity in last 10 years.12:02 End of rate hikes: impact of commodities & gold15:50 Yield curve inversion warning crisis ahead?20:54 Wealth concentrated in upper 10% of households.23:35 Government intervention preventing stock market meltdown28:14 Impact of a market crash on mining stocks.32:58 Chances of T...Read More
Gold closed out 2018 on a strong note, its haven demand reinvigorated by volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the U.S.Bullion futures held near a six-month high after topping $1,280 an ounce, and the metal posted its best monthly gain in almost two years. December's rally has pared an annual decline, the first full-ye...Read More
While even some of the most dogged bulls are throwing in the towel on their optimistic forecasts for the US (see Goldman taking the axe to its 2019 GDP forecast noted earlier), thereContinue...Read More
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. The new disclosure requirements replace the SEC's existing Industry Guide 7 which had not been updated in over 30 years. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply wi...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
Sector expert Michael Ballanger looks back on markets in 2018 and provides his New Year's outlooks for gold, silver, uranium and more. A Brief Word on ForecastsEach year between December 25 and January 1, every blogger, analyst, newsletter guru, or market historian like me issues their "forecast" for the upcoming year, and what I find a worthy exercise is to go back and read what we all wrote in...Read More
Clive Maund provides a technical analysis on silver and explains why he believes recent movements could be the "opening shot of a a major bull market." The last update was wrong. Silver was expected to drop with the stock market, but instead it held its ground and then broke higher last week. The reasons for this misinterpretation, both for gold and silver, are set out in the latest Gold Market u...Read More
Technical analyst Clive Maund charts gold and discusses the current state of the market. The last update was wrong. Gold was expected to drop with the stock market, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason or reasons for the error. Failure to do this...Read More
The Critical Investor explains why he sees this company as a "solid buying opportunity." Kutcho Project1. IntroductionAlthough Kutcho Copper Corp. (KC:TSX.V) remains under the radar of most it seems, it doesn't seem to lose a lot of time, and continues doing the heavy lifting in order to advance its flagship project, the Kutcho high-grade copper-zinc project in British Columbia, Canada. Backed by...Read More
Oil and gold both finished with annual losses, their first since 2015On the final trading day of a wild 2018, stocks finisheda low-volume session higher with little fanfare. The Dow held on to its gains all day, finishing up more than 260 points. China trade optimism helped push the S&P and Nasdaq into the black, too. However, all three benchmarks finished with steep monthly and quarterly deficits...Read More