I chuckle when the hedge fund algos grab onto "positive" trade war headlines and trigger a sharp spike in stock futures. Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession - a recession which will likely deteriorate into a painful depression. The Central Bank "QE" maneuver was successful in camouflaging and deferring the sy...Read More
Cadence CEO Kiran Morzaria reportedly implied to those on the call Bacanora would raise cash at 25p (US31.5c), which would have been a discount to the share price at Friday's market close....Read More
The company said Monday it continued to work with the local and national governments to resolve the situation and remained cautiously confident the Ministerio Público and local police would enforce the rule of law. Until such time, operations might remain suspended, Aura said."We are obviously extremely disappointed and frustrated that we have experienced another invasion from a small numbe...Read More
Share this articleEDMONTON - Alberta is looking for someone to build a new oil refinery, but Premier Rachel Notley says any deal needs to work for both industry and taxpayers."The project must make sense for Alberta," Notley said Tuesday. "It must have a return on investment for Albertans, and it must diversify the way we use the energy resources that we as Albertans all own."Notley announced the...Read More
Share this articleTORONTO - Canada's main stock index was higher in late-morning trading, boosted by gains in the consumer staples sector as well as in financial and industrial stocks.The S&P/TSX composite index was up 69.40 points at 14,797.68.In New York, the Dow Jones industrial average was up 110.23 points at 24,533.49. The S&P 500 index was up 19.11 points at 2,656.83, while the Nasdaq compos...Read More
This is an ominous chart. This is the Dow Jones Transportation Average. And it looks dangerous.You see, when the transports and the Dow Jones Industrial Average agree, it gives us a clear sign of where the stock market is heading. Here is the industrial chart:Both charts have broken their respective support lines. Both are in downtrends, with lower highs and lower lows.I've been using the Dow th...Read More
Share this articleBiometric screening is expanding to the rental car industry.Hertz said Tuesday it is teaming up with Clear, the maker of biometric screening kiosks found at many airports, in an effort to slash the time it takes to pick up a rental car. Clear hopes it will lead more travellers to its platform, which has 3 million members in the U.S.It's the latest place consumers will find biomet...Read More
CloseGain/LossGold $1243.00-$1.30Silver$14.55+$0.03XAU67.09-0.46%HUI152.82-0.78%GDM558.66-0.31%JSE Gold1249.83+2.68USD97.42+0.21Euro113.22-0.35Yen88.22-0.12Oil$51.65+$0.6510-Year2.879%+0.025T-Bond143.90625-0.15625Dow24370.24-0.22%Nasdaq7031.83+0.16%S&P2636.78-0.04% The Metals: Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon...Read More
By Ed Steer11 December 2018 -- TuesdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price went vertical the moment that trading began in New York at 6:00 p.m. EST on Sunday evening in New York. but the short sellers of last resort were there in seconds -- and from that point the price chopped quietly sideways until shortly before 3 p.m. China Standard Time on their Monday afternoon...Read More
By Craig HemkeEach of the past five years, we've predicted a year-end and new-year rally in precious metals. And for each of the past five years, the market has performed as forecast. So, what can be expected as 2018 becomes 2019? Let's begin with the past. As mentioned above, each of the past five years have seen year-end gold and silver price rallies. These rallies have begun around the time o...Read More
The Global Financial Crisis, a broader deeper more powerful systemic crisis than the Lehman Event was, has finally arrived in a great redux. It is seen in numerous areas. We have finally arrived at the ten-year anniversary of the Lehman event, a killjob whereby JPMorgan and Goldman Sachs bought a few $billion in mortgage bonds and never paid Lehman Brothers. The firm died, called a financial fai...Read More
By Dave KranzlerI chuckle when the hedge fund algos grab onto "positive" trade war headlines and trigger a sharp spike in stock futures. Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession - a recession which will likely deteriorate into a painful depression. The Central Bank "QE" maneuver was successful in camouflaging an...Read More
Graceland UpdatesBy Stewart Thomson 1. Where are the populist government leaders who are cutting their outrageous government debts? 2. The answer, unfortunately, is that they do not exist.3. Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.4....Read More
In two short months market psychology has undergone radical transformation Two months ago we warned of October being the month markets have been known to go bump in the night - 1907, 1929, 1987, 1997, 2007, 2008. Sure enough, on October 2 the Dow Jones Industrial closed at 26,828. By the end of the month, it stood at 25,115 - down over 1700 points and nearly 6.5%. Since then stock market psychol...Read More
By RambusTonight I would like to show you some charts from the PM complex we haven't looked at in a long time. Some of these charts will look familiar to some of our long term members as they were very helpful in the past to help us figure out what the PM complex was up to. This first chart is a ratio combo chart which has the GOLD:XAU on top and the XAU on the bottom. When the ratio is rising g...Read More
A few years ago the Swiss National Bank (SNB) - which traditionally held "monetary assets" like government bonds, cash and gold to back up the Swiss franc decided to branch out into common stocks.This was a departure, but for a while a brilliant one. The SNB loaded up on Big Tech like Apple, Amazon and Microsoft, and rode them to massive profits, which enriched both the Swiss people and the SN...Read More
By Frank HolmesLast week I had the opportunity to attend the Young Presidents Organization (YPO) parliamentary intelligence forum in Washington, D.C. More than 200 members of parliaments from as many as 60 European countries joined us to hear from such dignitaries as Congressmen Robert Pittenger (R-NC) and Mike McCaul (R-TX), chairman of the Homeland Security Committee.While in D.C., I was very...Read More
155,000. The November job gains disappointed. But the unemployment rate remained at 3.7 percent. What does it all mean for the gold market? Job Creation Disappoints, but Unemployment Rate Is Still Low U.S. nonfarm payrolls slowed down in November. The economy added just 155,000 jobs last month, following a rise of 227,000 in October (after a downward revision). Moreover, the weak headline num...Read More
By Avi GilburtThis past week was quite interesting, as well as volatile. On Monday, we had a huge gap up right into the initial resistance region we had on our charts in the 2810-15SPX region. In fact, the futures struck a high of 2813ES, and then turned down.Well, when the trading day opened on Monday, analysts and market participants were quite certain that the "cause" of the rally was due t...Read More