Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Amidst looting of stores in downtown Chicago on Sunday night, it has now emerged that rioters also attacked a charity building with sick children inside.Continue...Read More
As we attempt to peel back the layers of PR stunts and puff pieces fawning over Bill Gates, we hope to illustrate that the man being propped up on the global stage and sold to the people as their savior, is anything but. Continue...Read More
After superb and for many gold miners record breaking Q2 earnings numbers (remember that Q2 2020 ended before gold prices went over $2k an oz), many gold miners are now hiking dividends. The gold mining sector is the only sector where margins have expanded rapidly, free cash flow has increased a lot and there is big dividend hikes. Jason Burack is an investor, entrepreneur, financial historian, Au...Read More
What most investors don't understand is that to own a gold ETF like GLD is no better than to have a futures contract in gold.Continue...Read More
Jordan Roy-Byrne shares some of his recent research on how the corrections during the last bull market in gold, over a decade ago, compare to the price action in gold over the past 4 days. We do the same for gold stocks broadly early on in the bull market.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheD...Read More
Gold prices saw their worst daily drop since 2013 on Tuesday. This sharp pullback was due to profit taking and did not detract from the long-term bullish picture, said Gary Wagner, editor of TheGoldForecast.com."Personally, I do not believe it's the end of a bull rally. We have entered some sort of a correction. The question I'm asking myself and the technical studies I'm looking at for the answer...Read More
One player says there have been "lies from our leaders" that have put his "overall well-being in jeopardy" and accused the school of not responding to his concerns.Continue...Read More
The US has roughly 6,000 military personnel scattered throughout the continent with military attach?(C)s outnumbering diplomats in many embassies across Africa.Continue...Read More
"The combined effects of a challenging retail environment coupled with the impact of the Coronavirus pandemic have caused significant financial distress on our business." Continue...Read More
The "Buffett Indicator" is simply the total market cap of all U.S. stocks relative to the country's GDP.Continue...Read More
The company increased its holding in the iShares Gold Trust from $176 million to $268.4 million. Continue...Read More
For the first time in over 50 years, gold is returning to its rightful place at the center of the international monetary system.Continue...Read More
Underground mining at MAG Silver's joint venture project is expected to commence soon. In a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) presented its operational and financial highlights of Q2/20, which ended June 30, 2020, and afterward.On June 1, 2020, immediately after the Mexican government lifted its Covid-19 mandate on May 30, work was restarted at Juanicipio, a joint venture proje...Read More
Tonight lets take a look at the bad boy of the PM complex, silver. If you’ve been following silver for any length of time then you know it can be aggravating at times as we’ve seen fairly recently when gold and the PM stocks have been running pretty hot to the upside while silver just sat there doing its job of frustrating as many investors in the PM complex as it could. Finally, three...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
When aggregatedemand contracts, debts default, credit tightens, the velocity of money plunges,deflation ensues and capital, i.e. circulating credit and debt, is destroyed.In the extreme state of hyper-deflation, central bankers try to offset fatallyaccelerating capital destruction by creating even more money to replace thatwhich is being destroyed.TheUnited States printed more money in June than i...Read More
Disclaimer: The following is my opinion and is not intended as investment advice. I don’t know anything about bulls, bears, cycles, resistance, daily, weekly, monthly charting, micro or macro fundamentals and especially indicators like the EROI.I have been waiting for Silver to take off since 2005 when I was sure the economy and the dollar were going to collapse. [1]The economy should have g...Read More
The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets on Wednesday August 12.Brazil's automotive industry was gradually recovering from the restrictions imposed earlier in the year to curb the spread of the Covid-19 pandemi...Read More
Following the July 08, 2020 Market Minute titled: What is driving gold up?. We highlighted the main factors pushing gold prices upward. Are those factors still there? And if so, how much further is the precious metal going to rise (Chart 1)? One of the main reasons gold prices are advancing is due to the prolonged decline in U.S. Treasury bond yields (Chart 2). The yellow metal prices started the...Read More