Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Read More
The Japanese Yen just flash crashed, creating even more unease among already jittery investors. Got gold?Continue...Read More
Apple lowered its revenue estimate to $84 billion, down from its originial estimate of $89 to $93 billion Continue...Read More
"The gold-to-stocks ratio is potentially bottoming from a good support level despite a resilient greenback. A declining U.S. equity marketContinue...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
Each year we are treated to calls for gold’s next big move. We heard it last year; and the year before, too. And the year before that. It may not be a broken record , but it is the same song.Predictions for gold’s price are more than guesses, but they might as well be just guesses. That’s unfortunate, because no small amount of time is spent trying to analyze gold. And it is time...Read More
This is the 2nd article in a series of 4 articles that concludes in a trend forecast for the Silver price 2019. Silver Price Trend Forecast 2018 ReviewGold - Silver RatioSilver Price Trend Analysis 2019Silver Price Trend Forecast Conclusion for 2019The whole of this analysis has first been made available to Patrons who support my work. So for immediate First Access to ALL of my analysis and trend...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
Dec.18 -- Billionaire investor Stanley Druckenmiller discusses the outlook for the U.S. economy, his investment strategy for stocks and bonds, President Donald Trump's attempts to sway Federal Reserve policy and the prospects for a solution to the U.S.-China trade dispute. He talks with Bloomberg's Erik Schatzker.Read More
By Stefan GleasonPrecious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year - including technical, fundamental, monetary, and political drivers.Before delving into each of them, let's consider where we've been over the past 12 months.To be frank, 2018 wasn't a particularly bright year for gold and silver prices. Gold will fi...Read More
Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:Government debt will rise at an accelerating rateLike a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that's - get this - assuming no recession in the coming decade. During the next d...Read More
Before I address my so-called predictions for what I believe is in store in 2019 for the economy and stock markets, let's take a quick review of what transpired in 2018.GDP was up along with the economy. But was it really? With infused cash and borrowing, the economy continued its torrid pace. Borrowing from the Fed will most likely have to continue for the economy to continue roaring forwards int...Read More
Chris says to watch silver because this latest break-out is very important. Is $60 - $65 silver possible in the near future? Here's Chris to explain...by Chris Vermeulen of The Technical TradersWatch Silver, folks. This quiet shiny metal is starting a move that could be very foretelling of global market concerns and risks. Early on December 26, 2018, Silver broke through recent resistance, to the...Read More
RAPAPORT... Hong Kong's jewelry exports are expected to slow in 2019 after strong growth last year, due to sluggisheconomic conditions, the municipality'strade body has warned. "Less robust economic growth is likely to affect Hong Kong'sjewelry exports," predicted Alice Tsang, assistant principal economist at theHong Kong Trade Development Council (HKTDC). Shipments of precious jewelry rose 1...Read More
RAPAPORT... Luxury, and jewelry in particular, is a curious industry. On the one hand, itprovides aspirational products and exclusive experiences to consumers; on theother hand, many brands treat consumers very literally: merely as a source ofconsumption. While there are many examples of luxury brands turningrazor-sharp consumer insights into products that not only resonate with, butactually...Read More
RAPAPORT... Diamond-related shares mainly fell in 2018, in line with aglobal stock-market downturn. Investors fretted about trade tensions, uncertainconsumer demand and the impact of the US Federal Reserve raising interest ratesin December. The S&P 500 index ended the year more than 6% down, while HongKong's Hang Seng slid 14%. It wasn't all bad: Some diamond miners did well, whileretail offer...Read More
(IDEX Online) - The IDEX polished diamond price index was flat on the month in December. &nbs...Read More
With the exception of lead and tin, three-month base metals prices on the London Metal Exchange were for the most part under downward pressure over the final trading days of 2018. Weak manufacturing purchasing managers’ index (PMI) readings showed the Chinese economy has slipped into contraction mode, which is further evidence that the trade dispute between the Asian nation and the United Sta...Read More
Pre-opening Comments for Wednesday January 2ndU.S. equity index futures were lower this morning. S&P 500 futures were down 42 points in pre-opening trade. Netflix dropped $5.69 to $267.66 after Sun Trust lowered its target price to $3.55 to $410. Aflac (AFL $) is expected to open lower after JP Morgan downgraded the stock to Neutral from Overweight. Amazon dropped $32.72 to $1469.25 afte...Read More