By Avi GilburtThey say that when the former bears turn bullish, that is often the sign of a top.Source: Caters/Legion MediaFor the last three years and during the 64% rally in the S&P 500 from 1800 to 2940, many analysts were quite bearish, expecting the market to top out each and every week. They continued to point towards the "risks" in the market, all the while helping develop that wall of wo...Read More
Wait, what?! Isn't the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn't take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective upswing that didn't even take gold stocks back above their December 2016 lows. And we warned that this is the likely outcome as the mor...Read More
Dear Friend of GATA and Gold:Silver market analyst Ted Butler today marvels at the frantic movement of huge amounts of silver among the vaults of the New York Commodity Exchange, and wonders why it is happening and why it gets no notice from other market analysts.Butler speculates that the cause is physical demand by JPMorganChase, which seems to have become the master of the silver and gold mar...Read More
Easy come, easy go. AMZN stunned traders with a 135-point gain Thursday from the bombed-out depths of Wednesday's selloff. Then, after the close, the stock reversed steeply, shedding 180 points and sucking tens of billions of dollars from stock markets in the U.S. and around the world in mere minutes. A disappointing forecast for the holiday season triggered the avalanche, which has abated somew...Read More
Golden Nuggets: Key Gold and Precious Metals News, Commentary and Charts This WeekHere is our Friday digest of the important news, commentary, charts and videos we were informed of this week.The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have s...Read More
Full Article: Has China Finally Lifted its Thumb off of Gold?By: Thomas LuongoThere's a lot of talk about the Yuan price of gold falling out of a price suppression channel. Both Zerohedge and Nomura have weighed in on this.The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown. But it's also indicative of something that has long been suspected during...Read More
The global selloff has erased $5 trillion from stock and bond markets in October alone! October is a historically bad month for stocks. Many of the most dramatic crashes have begun during this month. The global market crash of 2018 seems to be in line with this trend and the crash is indeed global.This same trend has occurred prior to other major historical market crashes, whereby other countries...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesBHP acquired a 6% stake in SolGold last month for US$59.2 million and increased it last week to 11.2% for a further $59.2 million.Newcrest is the company's largest shareholder with...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesGlencore produced 1.1 million tonnes of copper during the period, up 12% year-on-year, and 28,500t of cobalt, a 44% increase.Katanga contributed 102,600t of copper and 6,500t of cobalt....Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.7% during morning trading on Friday October 26. Concerns about the broader markets and continuing uncertainty over trade and sanctions have capped the upside for those metals trying to move higher, while it has pushed the weaker metals prices lower. Nickel leads on the downside with...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures were recovered following release of the first estimate of third quarter real GDP. Consensus is growth at a 3.3% rate versus growth at a 4.2% rate in the second quarter. Actual was 3.5%.Amazon plunged $147.17 to $1635.00 after reporting lower than consensus third quarter re...Read More
Andrew Zatlin at Moneyball Economics says two of the three engines of global economic growth are stalling with China, in particular, showing signs of panic borrowing.China FalteringWhile China has been the greatest contributor to global economic growth in recent decades, Zatlin says it is essentially a house of cards built on a massive amount of debt."China's rising debt levels across all areas of...Read More
When I discuss the idea of OPM (Other People's Money), I think most people are confused by the term. Put simply, it's understanding good debt, and how to make it work for you. I use it in the context of real estate. Some people are on board with it-excited even-about the possibilities. But then they become intimidated by the idea of how exactly to find and use OPM.This is completely normal. I've f...Read More
Yesterday, I laid out how we are heading into winter with the perfect setup for a natural gas price spike.And by “spike,” I mean at least a double, but more likely a triple and perhaps more.For this to happen, all we need is a colder than average winter. That’s because storage levels are already low and history tells us that a cold winter would use up nearly ALL of the natural ga...Read More
Industry experts discuss automation and mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: Alisha Hiyate, Canadian Mining Journal editor-in-chief.Panellists (from left): Mikko Koivunen, Sandvik Mining and Rock Technology's business line manager for automation; Walter Siggelkow, Hard-Line's president and founder; Jason Cox, R...Read More
Rick Rule, Chairman of Sprott US Holdings, discusses the outlook for Resource Investing in Africa. He notes the continent hosts extraordinary geological formations, which contain dozens (and many undiscovered) very large, world class resource deposits.He further discusses his preferred method of investing in the continent. TOPICS IN THIS INTERVIEW:00:29 Africa: One of The Last Great Frontiers For...Read More
Music video by Tommy Lee Sparta performing The Godfather (Official Audio). http://vevo.ly/lVqghGRead More
IN SEARCH OF DARKNESS - '80s HORROR DOCBack us now on Kickstarter: https://www.kickstarter.com/projects/...With the success of the first "Creepshow", it was only natural that it get a sequel.But does it live up to the original?Buy this movie on Amazon: https://amzn.to/2RbIjg2GET SOME GEAR: https://teespring.com/kaiju-criticSupport the show on Patreon: http://www.patreon.com/BrandonTenoldSupport me...Read More
Mensaje de Enrique Pe??a Nieto, Presidente de M?(C)xico, dirigido a los integrantes de la Caravana Migrante con el objetivo de impulsarlos a regularizar su situaci??n migratoria en el pa?-s.26 de octubre de 2018COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebo...Read More
La caravana migrante parti?? de Pijijiapan, Chiapas, con rumbo al municipio de Arriaga en el mismo estado, a 96 kil??metros de distancia. 26 octubre de 2018 Te invitamos a ver el siguiente video: ??LTIMA HORA: Interceptan paquetes explosivos dirigidos a Obama y Clintonhttps://youtu.be/A0rytDx2N3ICOMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/exce...Read More