Drawing on the work of Robert Lambourne, GATA's consultant on the Bank for International Settlements, the TF Metals Report's Craig Hemke notes at Sprott Money today that the recent monthly gold swapping reported by the Bank for International Settlements corresponds almost precisely with the simultaneous draining of gold inventory from the exchange-traded fund GLD.Lambourne reported last week tha...Read More
Gold fell after inability to break past $1300. There should be good investment demand in gold for the rest of March. I prefer higher allocation to physical gold in one's portfolio. Silver continues to remain undervalued. Saudi's are taken world to a ransom as they do not want crude oil price to fall. They are doing everything to ensure that Brent crude oil trades over $60 per barrel. Asian sum...Read More
"There's no Trump boom; we're near the end of this cycle."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The...Read More
Today brings news of the latest federal budget proposal, a $4.75T presidential wishlist doomed to defeat in the House that spends money we don't have.Perhaps most striking is that we are on pace to shatter the all-time debt-to-GDP record established in 1946 - when the country was in the midst of the life-or-death crisis of World War II - for no other reason than politicians lying to us about what...Read More
Max interviews Mish Shedlock of MishTalk.com about the latest economic data out of America and whether or not the lofty stock market valuations are warranted.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invent...Read More
Stephen Gutowski is a staff writer for the Washington Free Beacon. He founded his own site as a junior in college and has been writing about news and politics since that time. Continue...Read More
You have to give the Left credit. Whether it's implementing their socialist agenda or terminating the population's gun rights, they never give up. According to Karen Kataline, the new Red Flag legislation sweeping the nation is merely a ploy by arch gun-grabber Michael "Nanny" Bloomberg to unconstitutionally seize citizen weapons and deprive them of their Second Amendment rights. There's virtually...Read More
Larry talks with former Republican congressman and three-time presidential candidate Ron Paul, who has plenty to say about President Trump's 2020 budget proposal, U.S. involvement in Syria and the fight over border wall funding. 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 best...Read More
Continue...Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investm...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/us-do...Question 1. John E: What is it exactly that goes on in the markets that causes the daily rises/falls in the relationship between the U.S. dollar and gold?Question 2. Liam C: If fiat currencies are doomed and the SDR is backed only by fiat currencies what good is the SDR?Question 3. Paul F: What does a gold backed currency mean...Read More
Last Wednesday, the Federal Reserve Board of Governors rushed through a rule change to its stress test for the too-big-to-fail banks on Wall Street, putting itContinue...Read More
A group of people from the San Agustin neighbourhood in Venezuela's capital, Caracas, collected wastewater from the Guaire River for everyday use on Monday.Read More
"There will be no further interpretations of the interpretations, no further assurances of the reassurances if the Continue...Read More
Money manager Adrian Day reviews the latest developments in the Goldcorp acquisition saga, noting as the story unfolds, insiders quietly line their pockets. Newmont Mining Corp. (NEM:NYSE) is proceeding with its bid to acquire Goldcorp Inc. (G:TSX; GG:NYSE, US$10.71) after Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) made an unfriendly bid for Newmont. Barrick, which only recently acquired Randgold...Read More
This junior explorer will use these data to determine its next drill targets at the asset. Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) announced in a news release that the recent drill results from its Sesmarias project in southern Portugal demonstrate significant additional potential to upgrade the known mineralized system there.The drill program, which consisted of six holes totaling...Read More
It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market.To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely...Read More
Precious metals expert discusses recent movements in the markets. In life, there are a distant events from one's past that embed themselves in one's memory banks in a manner and forcefulness that is directly related to their personal or historical importance. The birth of one's first child, one's first love affair or an athletic achievement fall into the "personal" category; the end of WWII, the f...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we’ll hear a tremendous interview with Craig Hemke of the TF Metals Report. Craig weighs in again and offers a concise and clear explanation on what’s been happening in the broken and rigged silver futures markets. And also tells us why he sees 2019 being a similar setup to what we saw in gold and silver...Read More
- Clint Siegner, Money MetalsA year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs "extraordinary measures" to fend off default.The federal deficit is mushrooming once again. The 2017 tax cuts have taken a bit...Read More
By: Dave KranzlerJames Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that...Read More