Tech industry headlines might have been focused on Apple’s recent milestone, whereby they officially became the first company in history to achieve a $1 trillion market capitalization, but the renewable energy sector had its own cause for celebration, also starting with the letter ‘t’.The news from Bloomberg New Energy Finance (BNEF), the world’s total capacity for energy p...Read More
CloseGain/LossGold $1220.20+$5.20Silver$14.31+$0.17XAU65.52+3.10%HUI147.88+2.90%GDM537.36+2.07%JSE Gold1107.10+1.32USD96.83-0.53Euro113.71+0.76Yen88.13+0.11Oil$50.29-$1.2710-Year3.061%+0.008T-Bond139.625-0.28125Dow25366.43+2.50%Nasdaq7291.59+2.95%S&P2743.78+2.30% The Metals: Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early a...Read More
CloseGain/LossGold $1220.20+$5.20Silver$14.31+$0.17XAU65.52+3.10%HUI147.88+2.90%GDM537.36+2.07%JSE Gold1107.10+1.32USD96.83-0.53Euro113.71+0.76Yen88.13+0.11Oil$50.29-$1.2710-Year3.061%+0.008T-Bond139.625-0.28125Dow25366.43+2.50%Nasdaq7291.59+2.95%S&P2743.78+2.30% The Metals: Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early a...Read More
Looks like we just hit an inflection point. So far this morning:U.S. new home sales drop to more than 2-1/2-year low(Reuters) - Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market.The Commerce Department said on Wednesday new home sales dropped 8...Read More
Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We won't know until January how retail sales fared this holiday season. I know that, away from Wall Street carnival barkers, the retail in...Read More
... GE and GM are both telling us the US economy is in huge troubleby Michael Snyder of The Economic Collapse BlogAmerica's twin economic "generals" are both in very deep trouble.General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But now it is drowning in so much debt that it may be forced into bankruptcy.General Motors was founded i...Read More
By David SmithGoing forward, there are - and will continue to be - three primary drivers of global physical gold (and silver) demand.During certain times in the past only one or two of these elements provided most of the momentum.However, as we move into 2019, and for possibly the next 5-10 years, all three will be in play. They will operate synergistically to consistently motivate increased pre...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Peter Schiff explained "What Happens Next." This article takes his "likely sequence of events" and expands the discussion.His sequence:Bear MarketRecessionDeficits explodeReturn of ZIRP and QEDollar tanksGold [and silver] soarsCPI spikesLong-term rates riseFederal Reserve is forced to hike rates during a recessionA f...Read More
By Avi GilburtAs many of you know, I will often read articles written by others -- along with the comments -- to gauge the overall sentiment of the market from an anecdotal perspective. During one of my recent perusals of articles, I noticed a quote of the following statement by Sir John Templeton:"For 100 years optimists have carried the day in U.S. stocks. Even in the dark 70's, many profess...Read More
Gold, silver and mining stocks declined in a quite visible way yesterday, which is in tune with our previous expectations. In the previous days it was only silver and miners that declined in a meaningful manner, but yesterday gold joined them, making this a sector-wide decline. Is this the groundbreaking decline that we have been writing about for so long? Time will tell, but the earth is alread...Read More
AAPL is struggling to hold above a crucial 'Hidden Pivot' support at $170, but if it gives way expect the broad averages to take another nasty leg down in sympathy. The stock is sufficiently oversold to be primed for a bear rally of perhaps 8-10%. But who would do the buying? Ordinarily, short-covering is the only source of bidding strong enough to excavate a stock from a trough as deep as the o...Read More
Any news of a deal between the USA and China on the trade war front will result in copper, zinc, lead, nickel and aluminum to rise five percent anytime. The Trump-Xi meeting is on Saturday. Before Saturday, all the speculation will move silver and industrial metals. How to trade in invest in 2019The year 2018 is not yet over. Each day till 31st December, a new economic data release or news/spe...Read More
Fed Chair Jerome Powell gave a speech today, and he came out sounding like a dove. Gold & silver spiked as a result. Here's Matt with the details...by Matt from Silver Fortune via Silver FortuneAs predicted by many (including your's truly), the Fed is pivoting to a more dovish stance. The move in metals today was relatively small, but it could be the beginning of a big move up. Read More
Think silver is dead? Steve St. Angelo shows that not only is silver not dead, but investment demand has grown more than other types of demand...by Steve St. Angelo of SRSrocco ReportEven though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment h...Read More
SD Midweek Update: The "markets" performed as expected coming into Wednesday, but we could see totally different "markets" by week's end. Here's why...On Monday I felt pretty confident that we would see the stock market bounce.That is exactly what we see:In my opinion, we are witnessing a short-squeeze induced dead cat bounce. The 50-day moving average is quickly closing in on the 200-day, and we...Read More
RAPAPORT... Tiffany & Co.'s shares dropped 9% in early trading Wednesdayafter diminished spending by Chinese tourists led to weaker-than-expectedsales. Comparable-store sales - at branches open for at least ayear - grew 3% in the third fiscal quarter ending October 31, but analysts hadpredicted a rise of 5.3%, according to Reuters. While total revenue climbed 5%to $1 billion, profit fell...Read More
RAPAPORT... Cards Against Humanity, famed for its politically incorrect party games,sold a lab-grown-diamond engagement ring for 99% off on Black Friday - butinsisted it wasn't about to make a splash in the synthetics sector. The 1.5-carat stone from Brilliant Earth went for $32.15 on aspecial satirical e-commerce platform Cards Against Humanity set up for thenational shopping day. It offered just...Read More
RAPAPORT... Customers will soon be able to pay in Bitcoin at eight BirksGroup stores in Canada, the retailer said. The jeweler claims to be the first luxury retailer in Canadato accept the cryptocurrency. The service will be available at the end ofNovember in select locations, including its recently opened GraffDiamonds and Patek Philippe boutiques in Vancouver, the company noted Tuesday. Th...Read More
RAPAPORT... Production at the Gahcho Ku?(C) mine is likely to exceedexpectations for 2018 before increasing steadily over the next three years, accordingto part owner Mountain Province. The company is confident total output at the Canada asset willbe above its upper forecast of 6.6 million carats this year, it said Tuesday.It will then rise to a range of 6.6 million to 6.9 million carats in each o...Read More
(IDEX Online) - Registration for the next International Diamond Week in Israel (IDWI), to be held January 28 - 30, 2019, is proceeding at a brisk pace, according to the Israel Diamond Exchange (IDE) which is organizing the event. The IDE noted that buyers had registered from all over the world, and included a high percentage of new participants. Moreover, official delegations are being org...Read More