- Jordan Roy-Byrne CMT, MFTALast week we wrote that near-term risk in precious metals (Gold and GDX especially) was rising and a correction could begin soon. As Gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal for the sector in the short term.However, the good news is, at least at present, Gold remains very st...Read More
Avi GilburtSo, as the bulls pat themselves on the back for holding all the way down last year for a 20% draw down so that they can "enjoy" the rally we got in 2019, I hope they don't hurt their arms and shoulders from all their back-patting. But, they may be in for a dose of realism when they realize that the market has now been completely flat for the last twelve months.Allow me to show you a...Read More
By: Ira EpsteinGold monthly showing the breakout higher, weekly upside bias with 18 week MA nearing $1,400 with momentum up..Read More
Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More
The talk of financial markets is about negative mortgage rates and its impact on global growth. Let's be straight, mortgage rates are linked to bond yields. Investors have the habit of factoring excess be it growth or recession. Assets prices these days are all about AI (artificial intelligence) powered momentum. Most of us make heavy losses when the investment we made starts reversing. Winners...Read More
"Don't Look Back. Something Might Be Gaining on You."MMT or the Magic Money TreeA Fundamental Change in the US/China RelationshipBone-Penetrating ExhaustionMontana and Back to Puerto RicoI am back from my 14th annual Maine fishing camp and the mood was decidedly different this year. The private event at Leen's Lodge is generally called Camp Kotok in honor of David Kotok of Cumberland Advisors w...Read More
Europe's high carbon ferro-chrome market dropped by over 4% to its lowest level in more than ten years amid weak demand, while the UG2 chrome ore index fell on aggressive bidding. European alloy price at lowest since May 2009 Chrome ore prices weaken in China Domestic and imported alloy prices hold in China Alloy prices hold in East Asia US price holds amid inactivity The E...Read More
In this exclusive interview, Bob Moriarty the founder of 321 Gold and 321 Energy, sits down with Maurice Jackson of Proven and Probable to discuss a whole range of topics that are of value rich content! Bob and I will discuss address the student debt crisis, politics, global financial crisis, global reset, precious metals, and junior mining companies. Bob brought 321gold.com to the Internet almost...Read More
Axel Merk provides us with excellent insights on the insanity of the economic markets and the political turmoil influencing it. While Gold surges and signals deep problems with the economy, we get a fresh perspective on the relationship between the FED and Trump.Also discussed is the economic endgame as we witness the multi-decade long everything-bubble continue defy logic, math and traditional ec...Read More
Unfortunately, I believe that ever since Bush Jr was elected, the power shifted from the president to the bureaucracy. I have stated before that I use Continue...Read More
Now they're clamoring for the NIRP absurdity in the US. How will this end?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager an...Read More
A transportation recession often precedes a recession for the entire economy, and while the debate about when the U.S. economy as a whole will plunge into a recession Continue...Read More
"I want it all out. I want people to see how off the rails this investigation got, and I want people to be held accountable," Graham said to Fox NewsContinue...Read More
The last time Americans had nearly this much mortgage debt was during the 2008 collapse, but delinquencies are lower this time.Continue...Read More
Trade tensions, Hong Kong, global growth concerns and geopolitical tensions are all affecting gold Continue...Read More
Turkish steel pipe export prices have fallen in August due to limited demand, especially in Europe, during the summer season, sources said on Monday August 19.Fastmarkets' monthly price assessment for steel structural pipe export S235JR grade EN10219 2mm wall thickness, fob main port Turkey, was $560-570 per tonne on August 19, down from $560-580 per tonne...Read More
Bob Moriarty of 321 Gold explains why he believes the financial outlook is dismal and discusses a handful of resource companies that are on his radar. Maurice Jackson: Joining for us for a conversation is Bob Moriarty, the founder of 321Gold and 321Energy. Glad to have you back on the program and long overdue, I might add, sir. We have a number of topics to address, so let's get right to it. Earl...Read More
Bob Moriarty of 321 Gold discusses this company's exploration efforts at its Nevada gold project. I first talked about Blackrock in March of last year. They had done a deal with Carl Pescio on what they call the Silver Cloud gold project. The project is next to the high-grade Hollister Gold Mine and near the high-grade Midas mine in Northern Nevada.The district is well known for bonanza grade int...Read More
Huawei can continue selling to U.S. suppliers -- for nowThe Dow rallied today thanks to upbeat news around the U.S.-China relationship. The tech sector got a spark from news that the Trump administration is extending Huawei's license to do business with U.S. suppliers, and traders also cheered interest rate reform out of China. Rebounding Treasury yields also lifted sentiment on Wall Street. The w...Read More
SVB Leerink upgraded Solid Biosciences to "outperform" after Friday's bull gapThe shares of gene therapy name Solid Biosciences Inc (NASDAQ:SLDB) hit a five-month high today, after an upgrade from SVB Leerink to "outperform" from "market perform." The brokerage firm also hiked its price target to $15 from $8 -- a roughly 70% premium to Friday's close -- noting the company's Duchenne muscular dystr...Read More