By Frank HolmesGold was up half a percent year-to-date through last Friday. This doesn't sound very exciting, but over the same period, the S&P 500 Index was in the red the first time in nearly a decade that stocks have been negative for the year through the beginning of May. The yellow metal is doing the one thing for which many investors have it in their portfolio namely, it's trading inversel...Read More
The comments below are an edited and abridged synopsis of an article by Mark O'ByrneThe cost to the US government of borrowing money for a decade approached 3% last week. If the US 10-year Treasury yield breaches 3%, it will be at a level not seen since 2013.If bond yields are turning up (having reached unprecedentedly low levels), what does that imply? There are 3 main options.One: The US Treasur...Read More
CloseGain/LossGold $1311.80-$2.60Silver$16.49+$0.01XAU82.38-0.35%HUI180.27-0.50%GDM632.77+0.05%JSE Gold1090.34+12.48USD93.12+0.02Euro118.51-0.14Yen91.21-0.48Oil$71.14+$2.0810-Year3.005%+0.031T-Bond142.53125-0.84375Dow24542.54+0.75%Nasdaq7339.91+1.00%S&P2697.79+0.97% The Metals: Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York t...Read More
UPCOMING RISK EVENTS:USD: PPI m/m, Core PPI m/m.EUR: N/A.GBP: N/A.JPY: N/A. GOLDMy Bias: Long to a new all time high above 1827.Wave Structure: Impulse structure to a new high.Long term wave count: wave [iii] above 1666.GOLD has been very quiet of late,Even todays announcement by the U.S administration to scrap the Iran deal,has had little impact on GOLD traders!The evidence all points...Read More
The Bank for International Settlements has just published, on the same day, its monthly statement of account for March 2018 as well as its monthly statement for April 2018:https://www.bis.org/banking/balsheet/statofacc180331.pdfhttps://www.bis.org/banking/balsheet/statofacc180430.pdfFrom these statements it is possible to deduce that during March the BIS reduced by about 165 tonnes its use of go...Read More
Horizonte plc, which acquired the Vermelho project from Vale, is exploring whether the project can produce nickel and cobalt sulfate suitable for electric vehicle (EV) batteries, it said on Wednesday May 9. Mining company Horizonte acquired the Brazil-based nickel-cobalt project for $8 million in December 2017. "The Vermelho project also contains a large cobalt resource which Vale planned to...Read More
The comments below are an edited and abridged synopsis of an article by Investing StrategiesSome say we are in a roaring economy looking for continued growth, especially considering how low interest rates are. But retired Kentucky congressman and one-time presidential contender Ron Paul says we're in a big fat bubble that's about to pop.One reason Paul believes the equity market will decline is th...Read More
The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April's 89.23 low could turn out to be a very important one. Notice as well that the dollar's romp has exceeded numerous prior peaks, including no fewer than one 'internal' and two 'externals' labeled in the chart. From a 'Hidden Pivot' perspective, this defines the rally as a powerful 'impulse l...Read More
Conditions may be in place for increased demand and increased prices for a number of commodities. In this interview with Streetwise Reports, Frank Holmes, CEO of U.S. Global Investors, discusses the commodity supercycle and the factors behind it, why some commodities may get more of a boost than others, and ways investors can profit.The Gold Report: Frank, thank you for joining us today. Let's tal...Read More
CloseGain/LossGold $1311.80-$2.60Silver$16.49+$0.01XAU82.38-0.35%HUI180.27-0.50%GDM632.77+0.05%JSE Gold1090.34+12.48USD93.12+0.02Euro118.51-0.14Yen91.21-0.48Oil$71.14+$2.0810-Year3.005%+0.031T-Bond142.53125-0.84375Dow24542.54+0.75%Nasdaq7339.91+1.00%S&P2697.79+0.97% The Metals: Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York t...Read More
CloseGain/LossGold $1311.80-$2.60Silver$16.49+$0.01XAU82.38-0.35%HUI180.27-0.50%GDM632.77+0.05%JSE Gold1090.34+12.48USD93.12+0.02Euro118.51-0.14Yen91.21-0.48Oil$71.14+$2.0810-Year3.005%+0.031T-Bond142.53125-0.84375Dow24542.54+0.75%Nasdaq7339.91+1.00%S&P2697.79+0.97% The Metals: Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York t...Read More
The comments below are an edited and abridged synopsis of an article by Steve St. AngeloCentral banks sold a staggering amount of gold into the market up until 2009; they became net purchasers after the 2008 market meltdown.The US sold some of its gold reserves from 2002 to 2009. During that time, nearly 1,800 tonnes of gold went into gold ETFs, accounting for 52% of central bank gold sales.In 8 y...Read More
Gold now has limited downside (20%) but substantial upside (650%)Gains on gold are likely to come at a time when stocks are crashingInvestors and savers without an allocation to gold will be wiped outTime to consider saving in physical gold? Editors noteby James Rickards, Daily ReckoningFollowing the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject...Read More
My first job was in sales. I went into sales because I enjoyed it and it paid well. To reach my goals, I knew I had to be the best. Due to that motivation, I turned to an icon writer - Napolean Hill. I read many of his books to learn how to be the best sales person I could be. I had great books that I devoured - Think and Grow Rich, Success Through a Positive Mental Attitude, The Law of Succ...Read More
By Ira EpsteinGold stalls while silver rallies.https://www.iraepstein.com/Read More
"I fear the future result of Trump's crusade on 'fake news' will be licensing of all reporters. [Dems already floated this in the senate pre-Trump.] The mop up on this issue is going to be excruciating..."Continue...Read More
A while back, a writer (whose name and story details I unfortunately don't remember) was researching the credit card business and tried to figure out how card issuers decide which customers to pursue. To this end he created a series of fake personas ranging from an affluent straight-arrow who always pays her bills on time to a white-trashy guy with impulse control issues and a history of multipl...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have gone unchanged in Northern Europe this week, but they have fallen in the South of the region, sources told Metal Bulletin on Wednesday May 9.Demand for the material in Southern Europe has been slow, with buyers remaining in "wait-and-see" mode because they have sufficient stocks, according to market participants. As a result, domestic price...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
The current financial environment reminds Sprott's John Embry of right before the 2008 and Dot-Com crises. This time, since the system is distorted even more with higher debt, the collapse will be "chaotic."The U.S. Dollar has rallied for the last few weeks. The metals have remained stable despite the Dollar rally. "If the Dollar is the world's strongest currency, you can't own enough gold and sil...Read More