Despite all the ominous press being devoted to the soon-to-be-inverted yield curve, it's not always clear why such a thing matters. In other words, how, exactly does a line on a graph slipping below zero translate into a recession and equities bear market, with all the turmoil that those things imply? The answer (which is both simple and really easy to illustrate with charts) is that banks - the...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,600109,10153,101134,285211,653356,986373,855Change from Prior Reporting Period -3,419-14,917772-78218,337-3,4294,192Traders16881704851247176 Small Speculators (C) GoldSeek.com LongShortOpen Interest 45,26428,395402,250 5,760-1,8612,331 non reportable positionsChange from...Read More
By David Brady, CFASHORT TERM: 0 - 30 DAYS We all know that positioning and sentiment are bullish for Gold and have been since May. Hence the need to focus on the technical picture. As I reported last week, Gold is in a Bear Flag following its drop from 1369 in April to 1167 in October. It touched channel resistance at 1257 on Monday, but the closing high was 1253, strong Fibonacci resistance. G...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente's perhaps the most well-known trends forecaster in the world and it's always a joy to speak with him. Mr. Celente, thanks for the time again today and welcome back.Gerald Celente: Always great being on with you, thank you.Mike Gleason:...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a...Read More
By Marin KatusaA surprise event with a major impact is known as a Black Swan.The theory was made famous by Nassim Taleb in his books Fooled by Randomness and later in The Black Swan. In his books, Nassim argues that many of the world's greatest feats are in fact black swan events.In the finance world, fortunes are made by those who anticipate Black Swans and lost by those who don't.A relatively...Read More
By Bill HolterPeople continually ask "when" will it happen? For the last 6 months we have responded "it is happening right before your very eyes"! In fact, as of this morning 52% of global markets are now down over 20% from their highs and qualifying as bear markets. Please understand the financial backdrop these weakening markets are falling into. Bluntly, the world is facing a giant margin ca...Read More
By David MorganThe national debt of the United States is about to hit another major milestone, getting ready to soar past $22 trillion for the first time ever.Clearly that is an enormous number... it's actually larger than the size of the entire US economy, which is pretty incredible.But what's always been the more important story about America's pile of debt is how rapidly it's growing.For exam...Read More
HighlightsFounder of the Trends Research Institute and Globalnomic(R) Trend Forecaster Gerald Celente returns with the economic forecast for the new year. $1,200 is the floor for gold - once the bulls push the price over $1,450 the sea change in sentiment could ignite an ascent to a new record over $2,000. Topping the list of catalysts that could move the PMs sector include a spike in oil price...Read More
'Hard' Brexit Risk Sees Gold Gain In Euros and Pounds - Nears ?1,000/oz & EUR1,100/ozGold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a 'hard' Brexit, about global economic growth and uncertainty around the Fed's interest rate policies in 2019.Gold in GBP - 1 Month (GoldCore)Gold has consolidated on last wee...Read More
Harvey says silver is holding its own right now with strong demand both on the COMEX and in London. Here's an update...by Harvey Organ of Harvey Organ BlogDEC 13/GOLD DOWN $2.00 TO $1243.00 BUT SILVER HOLDS IT'S OWN UP 2 CENTS TO $14.77/GOLDMAN SACHS DEALER AND A CUSTOMER ACCOUNT OF JPMORGAN CONTINUE TO TAKE IN GOLD AT THE GOLD COMEX/THERESA MAY SURVIVES AN INTRA PARTY CONFIDENCE VOTE BUT CHAOS RE...Read More
Firestone Diamonds has recovered a 46 ct white diamond, from its Liqhobong mine, in Lesotho.The diamond was recovered undamaged and will go on sale at the next tender, which is scheduled to take place at the end of January 2019.AdvertisementIn a statement on Friday, the company also reported a stabilisation in pricing for the smaller, lower-value diamonds on offer at a sale concluded on December 7...Read More
Media coverage of the diamond industry in 2018 has been dominated by the inroads made in terms of laboratory-created diamond production and distribution, as well as their pricing dynamics, independent diamond expert Paul Zimnisky observed in a statement on his website, published last month. He commented that several new players had entered the synthetic-diamond space, and that improved production...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe deal, which was announced in June, would have seen the Melbourne-based private equity firm pay US$230 million for the mine, plus around $40 million through the sale of copper stockpiled at the operation, and up to $50 million in the future depending on the copper price.The acquisition was set to close before the end of December...Read More
The Angolan government in early December approved the new regulations concerning the commercialisation of diamonds, the Macauhub news agency has reported.The country’s Council of Ministers (Cabinet) approved the regulations on December 5. The official title of the new set of rules is the Technical Regulation of the Commercialisation of Rough Diamonds.AdvertisementStrategic ObjectivesThe new...Read More
Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIn an open letter to Hudbay shareholders on Thursday, Waterton chief investment officer Isser Elishis lamented Hudbay's...Read More
Disappointing Chinese economic data has weighed on the three-month base metals prices on the London Metal Exchange this morning, Friday December 14, with all the metals in negative territory and showing average losses of 0.4%. The three-month zinc price led the way with a drop of 1%, copper was off by 0.5% at $6,121 per tonne, while the rest were off by between 0.1% and 0.3%. Volume across the com...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points in pre-opening trade.Index futures were virtually unchanged following release of November Retail Sales at 8:30 AM EST. Consensus was an increase of 0.2% versus an upwardly revised gain of 1.1% in October. Actual was an increase of 0.2%.The Shanghai Composite Index dropped 40 points to 2,594 after China's Nov...Read More
“Is there a real estate bubble?” That’s the question I’m asked repeatedly. When I reply honestly, “I hope so," the person asking me will sometimes get angry.“You want the market to crash?” asked one young man incredulously, at an event where I was a featured speaker.“Yes,” I replied. “I love market crashes.”Apparently not wanting to...Read More
Colorado School of Mines celebrated its midyear commencement Dec. 14, conferring a total of 226 bachelor's, 187 master's and 55 doctoral degrees during undergraduate and graduate ceremonies at Lockridge Arena. Special recognition was given to students of high scholastic achievement, active university involvement and innovative research at both ceremonies. Undergraduate awards and recognitions...Read More