10 year yields hit a nearly 4 month low today in the latest sign that the U.S. economy may be headed for trouble. Continue...Read More
"He has the presence of mind and the sense of humor to bring me a mint, and he made it a point to give me that mint right then and there and that's the beauty of George Bush,"Continue...Read More
Investors are dumping stocks and buying bonds in record numbers as the global sell-off in equities continues to intensify and signs of a coming recession aboundContinue...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/silve...Question 1. Lian L: I watch a lot of gold and silver dealers talk about physical gold and silver pricing breaking away from the manipulated ETF, how do you see this happening?Question 2. Chris C: If silver is an industrial metal, then why would it go up during a recession/depression?Question 3. Scott K: When calculating fundam...Read More
While catalysts are in place for gold to rally in 2019, silver will be the outperforming asset next year, said Todd "Bubba" Horwitz of bubbatrading.com."I think silver will be up near $18 to $20 [an ounce] and I think silver is going significantly higher too and I expect it, in the next couple of years, to close the ratio between gold and silver. I expect silver to be stronger than gold when it ge...Read More
As the year rapidly comes to a close, Ralph Aldis, portfolio manager at U.S. Global Investors, discusses some companies whose shares did well this year, and others that did not do as well. He also talks about two companies he recommends investors take a look at. The Gold Report: Ralph, let's start with precious metals. Prices have been range-bound for quite a while. Would you give us a review of...Read More
Numerous analysts weigh in on the agreement and what it means for the Canadian precious metals firm. BMO Capital Markets analyst Andrew Kaip reported on Wheaton Precious Metals Corp.'s (WPM:TSX; WPM:NYSE) tax settlement with the Canada Revenue Agency (CRA), in two research notes dated Dec. 14, 2018, one pre and one post conference call with the company's management. Before the conference call, K...Read More
Tomorrow, the FOMC will publish its monetary policy statements and economic projections. How could they affect the gold market? And what about the recent developments in Europe?FOMC Preview and GoldThe market awaits the monetary policy decision of the FOMC and its fresh economic projections. If the Committee surprises on the dovish (hawkish) side, gold will shine (struggle). Our bet is that &ndash...Read More
CloseGain/LossGold $1249.30+$3.00Silver$14.64-$0.03XAU70.61+2.05%HUI160.34+2.31%GDM583.74+2.24%JSE Gold1328.43+26.18USD97.06-0.08Euro113.64+0.17Yen89.18+0.64Oil$46.24-$3.6410-Year2.823%-0.035T-Bond144.4375+0.65625Dow23675.64+0.35%Nasdaq6783.91+0.45%S&P2546.16+0.01% The Metals: Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1...Read More
CloseGain/LossGold $1249.30+$3.00Silver$14.64-$0.03XAU70.61+2.05%HUI160.34+2.31%GDM583.74+2.24%JSE Gold1328.43+26.18USD97.06-0.08Euro113.64+0.17Yen89.18+0.64Oil$46.24-$3.6410-Year2.823%-0.035T-Bond144.4375+0.65625Dow23675.64+0.35%Nasdaq6783.91+0.45%S&P2546.16+0.01% The Metals: Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1...Read More
By Dave KranzlerA friend asked me today what I thought Powell should do. I said, "the system is screwed. It ultimately doesn't matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most egregious misallocation of capital in history of the universe.Eventually the Fed/Central Banks will print trillions more - 10x mo...Read More
Dear Friend of GATA and Gold:Thanks to C.C., our new friend in Shanghai, China, for alerting us to Chinese-language commentary published in August in the Hong Kong Economic Journal that cited GATA extensively, even taking for illustration the GATA painting by Alain Despert: https://www1.hkej.com/dailynews/investment/article/1914231/ Your secretary/treasurer today has had some fun attempting a tr...Read More
The last few years of the Everything Bubble were driven by the ultimate dumb money: corporations borrowing to buy back their stock at record high prices. A whole generation of CEOs and CFOs were able to pad both their reputations and their year-end bonuses this way while, it seemed, blatantly screwing over their employees and other stakeholders. Like most other kinds of criminal negligence, this...Read More
Graceland Updates By Stewart Thomson 1. The US stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.2. Please click here now. Double-click to enlarge this great short term gold chart.3. Note the positive bounce from buy-side support at $1237, and the inverse H&S bottom pattern. A fresh r...Read More
By David Haggith It's downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year ... and it's been a bad year! The S&P 500 and the Nasdaq closed at 2,546 and 6,754 respectively. The Dow closed down 504 points to rest at 23,593. If it closes the...Read More
Dear Friend of GATA and Gold:Are gold and silver mining companies joining the class-action lawsuits being filed against investment bank JPMorganChase because of the confession by a former futures trader for the bank who has pleaded guilty to manipulating the monetary metals markets?:https://www.cnbc.com/2018/12/13/jp-morgan-faces-lawsuits-after-guilty-pl...While gold and silver mining investors...Read More
By Steve St. AngeloInvestors will be surprised to know the main factor that drives the gold price. And no, it isn't the oil price or market. While the oil price has been a good indicator for the gold price over the past 50+ years, it hasn't done much over the shorter term. However, there is a gold market demand factor that seems to move the gold price more than any other indicator.In my ne...Read More
By Keith WeinerFor the first time since we began publishing this Report, it is a day late. We apologize. Keith has just returned Saturday from two months on the road.Unlike the rest of the world, we define inflation as monetary counterfeiting. We do not put the emphasis on quantity (and the dollar is not money, it's a currency). We focus on the quality. An awful lot of our monetary counterfeitin...Read More
Although I've projected a further 3.3% drop in the E-Mini S&Ps over the near-term, we should remain open to the possibility of a stock-market reversal on Tuesday that would kick off the increasingly prayed-for Santa rally/dead-cat bounce. The chart shows what would need to happen to trip the bullish signal. Specifically, the March contract would need to push above the small peak at 2616.75 tha...Read More
CloseGain/LossGold $1249.30+$3.00Silver$14.64-$0.03XAU70.61+2.05%HUI160.34+2.31%GDM583.74+2.24%JSE Gold1328.43+26.18USD97.06-0.08Euro113.64+0.17Yen89.18+0.64Oil$46.24-$3.6410-Year2.823%-0.035T-Bond144.4375+0.65625Dow23675.64+0.35%Nasdaq6783.91+0.45%S&P2546.16+0.01% The Metals: Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1...Read More