CloseGain/LossGold $1293.60+$1.70Silver$16.45-$0.09XAU83.15+1.21%HUI179.90+1.45%GDM622.94+0.80%JSE Gold972.65-30.22USD93.96+0.40Euro116.98-0.85Yen90.98+0.64Oil$71.84-$0.3610-Year2.993%-0.067T-Bond142.375+1.125Dow24886.81+0.21%Nasdaq7425.96+0.64%S&P2733.29+0.32% The Metals: Gold dipped $2.70 to $1289.20 in Asia before it bounced back to $1297.80 in London and then fell to a new...Read More
CloseGain/LossGold $1293.60+$1.70Silver$16.45-$0.09XAU83.15+1.21%HUI179.90+1.45%GDM622.94+0.80%JSE Gold972.65-30.22USD93.96+0.40Euro116.98-0.85Yen90.98+0.64Oil$71.84-$0.3610-Year2.993%-0.067T-Bond142.375+1.125Dow24886.81+0.21%Nasdaq7425.96+0.64%S&P2733.29+0.32% The Metals: Gold dipped $2.70 to $1289.20 in Asia before it bounced back to $1297.80 in London and then fell to a new...Read More
Chris Evans has become head of strategy at Circulor, which provides blockchain technology to the electric vehicles (EV) supply chain. Evans, who was most recently commercial director at NFEx Markets, will be based in London. He was previously head of...Read More
This article was written for Miles Franklin by Gary Christenson. This is speculation on a complex subject.Hyperinflation Myths:Hyperinflation occurs in banana-republics and not modern western countries.Hyperinflation cannot occur in the United States because the U.S. issues dollars - the reserve currency.BOTH IDEAS ARE INCORRECT. For more, read Bill Holter:WHAT ARE THE CONSEQUENCES OF HYPERI...Read More
The comments below are an edited and abridged synopsis of an article by Egon von GreyerzWe are now in the final stages of a journey that will be seen by future historians to be as unreal as Lewis Carroll's Alice in Wonderland. Just as Alice called the Mad Tea Party the stupidest tea party she had ever been to, the last 100 years could be called the Craziest Extravaganza in history.Although the sto...Read More
By Frank HolmesThe 10-year Treasury yield has been the topic of conversation lately among fixed-income investors. Earlier this month, the T-note closed above 3 percent for the first time since July 2011, prompting some market watchers to call time on the three-decade Treasury bull market. (Bond prices fall as yields rise, and vice versa.) For other investors, these concerns might extend into the...Read More
Gold failed to breakout in the spring and recently lost weekly support at $1310. Meanwhile, the gold stocks have held up well in recent weeks (considering Gold) but still have much to prove. Silver couldn’t rally much when its net speculative position was at an all time low. The question now is where do things go from here. The price action is not bullish but with a Fed hike looming and nega...Read More
By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD...Read More
The comments below are an edited and abridged synopsis of an article by Arkadiusz SieronWe cannot value gold. It does not generate any cash flows, which we could discount. But it doesn't mean that the price of gold changes randomly. Market sentiment is powerful in the precious metals market, but the same applies to other markets. However, it does not operate in a void. There are some important fun...Read More
"This case requires us to consider whether a public official may, consistent with the First Amendment, 'block' a person from his Twitter account in response to theContinue...Read More
By David SmithWhen you can lie about money, you can lie about anything. ~David MorganWe can argue about the definition(s) of inflation until the cows come home - some economists spend a career trying to nail it down.But for clarity's sake, we'll use the definition of the Austrian School (Mises.org) as an increase in the money supply. This is really the correct one, regardless of any bias of dogm...Read More
Everyone seems to agree that if interest rates keep rising a recession and equities bear market will ensue. But no one knows where the breaking point is in terms of, say 10-year Treasury yields. So it's become a topic of debate with a lot of heavy-hitters offering opinions. Yesterday Goldman Sachs weighed in: Goldman: Don't worry about rising interest rates until the 10-year yield hits 4%(CNBC)...Read More
"This season, all league and team personnel shall stand and show respect for the flag and the Anthem...Personnel who choose not to stand for the Anthem may stay in the locker room until after the Anthem has been performed.Continue...Read More
SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More
By Jeff ClarkI was flying back from giving a presentation in Vancouver last week and browsed through the financial publications at an airport newsstand, scanning to see what passes as mainstream advice these days. I spotted Money Magazine's May issue and saw an article titled "5 Ways to Invest if You're Worried About a Crash." My curiosity was piqued surely they'll mention gold... right?I wasn't...Read More
In yesterday's analysis, we explained how it's possible for the precious metals sector to move higher in very short term and at the same time still form the next local bottom close to $1,250. The key part of the analysis was that this week's turning point may turn out to be declines' starting, not ending. We also argued that we could see a small decline in the USD Index and that might be enough...Read More
Back in the 1990s we did our first cash-out refi. And it was amazing. The bank lowered our monthly mortgage payment AND wrote us a check for $16,000. I told that story Continue...Read More
Could the next recession be upon us? In his latest video, Mike Maloney shows five startling pieces of evidence that add up to bad news for the US economy...Read More
The European Commission (EC) will set a 25% safeguard duty on steel and aluminium imported from the US from June 20 this year if the EU is not exempted from Section 232 tariffs.The EC will only apply the measures if the World Trade Organization (WTO) approves the move. The duties will affect a number of US products, including steel and aluminium.If applied, the measures will be enacted in two...Read More
Dominic Frisby of Money Week looks at the historical relationship between UK house prices and gold (including some great charts), and concludes that your money is better off in the yellow metal than bricks and mortar.Source: Money WeekToday we return to a subject that has been a favourite of mine over the years: UK house prices - but with a twist.We don't consider them in the debased, devalued c...Read More