CloseGain/LossGold $1226.30-$0.10Silver$14.56+$0.04XAU65.59-1.09%HUI145.87-1.33%GDM538.78-0.48%JSE Gold1113.84-23.48USD96.12-0.16Euro114.42+0.26Yen88.27+0.04Oil$61.67-$0.5410-Year3.222%+0.003T-Bond137.25-0.1875Dow26180.30+2.13%Nasdaq7570.75+2.64%S&P2813.89+2.12% The Metals: Gold gained $9.50 to $1235.90 in London, but it then dropped back to as low as $1225.40 in New York...Read More
By Ira EpsteinMetals take a backseat to strong stock market rally today.https://www.iraepstein.com/ Read More
By Stefan GleasonTuesday's elections produced some winners, some losers, some surprises, and some lingering uncertainties.For investors, the potential for a major shock to the markets was averted. But with Democrats poised to take control of Congress, new legislative threats to wealth holders loom on the horizon.Even though the GOP lost the House of Representatives, it gained seats in the Senate...Read More
As contentious as the US midterm elections were, there was never a scenario in which they mattered. Any possible configuration of Republicans and Democrats in the House and Senate would have yielded pretty much the same set of economic policies going forward: Ever-higher debt, upward trending interest rates and (through the combination of those two) rising volatility.So with the sideshow now in...Read More
Miles Franklin sponsored this article by Gary Christenson.Johnny Cash wrote "Committed to Parkview" in 1985. The Highwaymen (Cash, Nelson, Jennings, and Kristofferson) sang the song. Verse four is:"They wake me about six-thirtyJust before the morning mealWhile they're takin' my blood pressureThey ask me how I feelAnd I always say fantasticThere ain't nothing wrong with meAnd then they give me my...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More
By Craig HemkeIt has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices back to unchanged or even slightly positive by year end. Let's begin by noting why and how this year got sideways on us. We were on the record stating that COMEX gold would break out of its 5-year "bowl" pattern by late 2018. Why did we think this? See the ch...Read More
The US elections are over and since the markets were not surprised by their outcome, there was no significant reaction. It seems that the markets can now return to their previous trends. But... the USD Index is down significantly today, while gold and silver are rallying. Does it mean that the trend in the precious metals is currently up? Not necessarily. The US-elections-driven volatility coul...Read More
Cranbrook, B.C., November 7th, 2018: Taiga Gold Corp (CSE:"TGC") ("Taiga") has been provided with an update on work completed up until the end of Q3 2018 at its 100%-owned Fisher Property, located in east-central Saskatchewan. The work was funded and carried out by operator SGO Mining Inc. ("SGO"), a wholly-owned subsidiary of SSR Mining Inc. (formerly Silver Standard Resources Inc.) (TSX: SSRM)...Read More
- Gold ETFs saw inflows in volatile October as investors again hedged risk- Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of US$1B in inflows- Global gold demand was robust in Q3 - demand of 964.3 tonnes - plus 6.2t yoy- Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3- Central bank gold reserves grew 148.4t i...Read More
LONDON (Reuters) - Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019.Russia’s TASS news agency, citing an unnamed source, reported that the two countries, the biggest producers in an OPEC-led alliance that has been limiting supply since 2017, have started bilateral tal...Read More
BRUSSELS, Nov 7 (Reuters) - Euro zone retail sales rose more than expected year-on-year in September, and August data was also revised upwards, signalling continued consumer demand, especially in online shopping, despite slowing economic growth, data showed on Wednesday.The European Union's statistics office Eurostat said retail sales in the 19 countries sharing the euro were flat month-on-month f...Read More
The new round of sanctions imposed by the United States on November 5 is expected to cut Iranian steel exports further, gradually leading to lower Iranian steel output, market sources believe."Today's action includes the designation of 50 Iranian banks and their foreign and domestic subsidiaries," the US Treasury Department announced in its report on Monday, along with "the identification of more...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/us-st...Question 1. Rob H: Robert David Steele was on Dustin Nemos and he said that Trump will be having a gold backed dollar. what's your thoughts on this?Question 2. FUpayme: During hyperinflation how much will the value of so-called junk silver riseQuestion 3. Bonnie P: If the government is moving us to digital and our gold is out of t...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
VINDICATION!!! I wonder if JPM's Jamie Dimon and Blythe Masters will GO TO JAIL for this? I think this is a great test for the Trump Administration as well as the CFTC to see if they believe in the RULE OF LAW...WHERE'S CHRIS GIANCARLO?!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...Read More
For Part 1 of this interview, CLICK HEREDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and tech...Read More
(Adds comment from central bank official)STOCKHOLM, Nov 7 (Reuters) - Sweden's central bank is addingthe Danish and Norwegian crowns as new reserve currencies, butwill stay out of the Chinese yuan for now, the Riksbank said onWednesday.The British pound, which the Riksbank already holds, willalso get the status of one of five contingency currencies alongwith the two Nordic units, the dollar and th...Read More
The mood in the CIS export billet market has turned positive because import scrap prices in Turkey continue to rise, which spurred Turkish customers' interest in imported billet last week.On Tuesday November 6, Fastmarkets calculated the daily index for Northern European HMS 1&2 (80:20) at $332.85 per tonne cfr, up by $13.82 per tonne from $319.03 per tonne on October 5.The daily index for similar...Read More