Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12March 19, 2018"Some debts are fun when you are acquiring them, but none are fun when you set about retiring them." Ogden Nash "I'm in debt. I am a true American." Balki Bartokomous Debt is in the news again. Did it ever leave? The Bank for International Settlements (BIS), th...Read More
By Clint SiegnerGary Cohn resigned as President Donald Trump's Chief Economic Advisor on March 6th. He and Trump didn't see eye to eye on the recently imposed tariffs and the President selected CNBC commentator Larry Kudlow to replace him Wednesday. Perhaps it was Kudlow's experience on television that got him the job.It doesn't look like he was chosen for his intellectual honesty. Kudlow was qu...Read More
Friday’ssession in the precious metals sector was very exciting, but quite a fewinvestors will want to agree to that, because the volatility wasn’t really big.But the dam is broken, and we saw several new cracks pointing to an incomingbreakdown. It’s not the time to look away from all the signs – it’s time totake advantage of them. Inaddition to showing you how we pla...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
"Compound interest is the eighth wonder of the world." Albert Einstein"My wealth has come from a combination of living in America, some lucky genes, and compound interest." Warren BuffettCompound interest is an extraordinarily powerful financial tool, and reinvesting the cash flows received from investments has historically been the single most reliable way of...Read More
Steen Jakobsen, Chief Investment Officer and Chief Economist of Saxo Bank, is sounding a clear warning of an arriving market correction. Over-inflated asset prices, over-crowded trades, anemic market liquidity, and a continued decline in the credit impulse set the table for a banquet of consequences, in Steen's view.Confident a market correction of at least 15% lies ahead, Jakobsen urges investors...Read More
Rates are rising once again.Over 90% of investors focus almost exclusively on stocks. This is a mistake. The reality is that everything happening in stocks since 2008 has been the direct result of Central Banks creating a bubble in bonds.Because our current financial system is debt-based in nature (meaning sovereign debt, not gold or some other asset is the bedrock of the financial system) when Ce...Read More
Friday's session in the precious metals sector was very exciting, but quite a few investors will want to agree to that, because the volatility wasn't really big. But the dam is broken, and we saw several new cracks pointing to an incoming breakdown. It's not the time to look away from all the signs - it's time to take advantage of them. In addition to showing you how we plan to proceed with the...Read More
I often remind investors to look past the negative and find the positive. Last week provided no shortage of big splashy headline stories, from yet another high-profile personnel shakeup at the White House to a nail-biter special election in Pennsylvania's 18th Congressional District, from Russia's alleged nerve agent attack on a former double-agent spy to a tragic bridge collapse in Miami.If this...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
Rates are rising once again.Over 90% of investors focus almost exclusively on stocks. This is a mistake. The reality is that everything happening in stocks since 2008 has been the direct result of Central Banks creating a bubble in bonds.Because our current financial system is debt-based in nature (meaning sovereign debt, not gold or some other asset is the bedrock of the financial system) when Ce...Read More
Full Article: ROME FRANCE GERMANY nowBy: W.K. DarcyFor the last two decades, a common theme amongst "non pro-government" journalists and writers has been the comparison of the W^2 duumvirate to the Roman Empire citing the parallels, excesses, corruption, more corruption, MORE corruption and EVEN MORE! Corruption and breakdownswhich are part of the life-cycle of all empires.Since WWII,...Read More
By Keith WeinerWe will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:"...central bankers do not think about gold.Granted, they once did. In the 1960's, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to me...Read More
Steel traders in the central region of Russia, around Moscow, have held back from the markets in the past week and have not accepted higher offers for April-production hot-rolled (HR) and cold-rolled (CR) sheet, Metal Bulletin has been told.Metal Bulletin's weekly assessment of the price for Russian 4mm HR sheet was unchanged at 43,000-45,000 roubles ($747-782) cpt Moscow, including VAT, on Monday...Read More
Gary Cohn resigned as President Donald Trump's Chief Economic Advisor on March 6th. He and Trump didn't see eye to eye on the recently imposed tariffs and the President selected CNBC commentator Larry Kudlow to replace him Wednesday. Perhaps it was Kudlow's experience on television that got him the job.It doesn't look like he was chosen for his intellectual honesty. Kudlow was quite vocal with his...Read More
Rates are rising once again.Over 90% of investors focus almost exclusively on stocks. This is a mistake. The reality is that everything happening in stocks since 2008 has been the direct result of Central Banks creating a bubble in bonds.Because our current financial system is debt-based in nature (meaning sovereign debt, not gold or some other asset is the bedrock of the financial system) when Ce...Read More
The Problem With The TSX Venture ExchangeTo start, take a look at the chart I have posted below and tell me that is not a great-looking chart. It is the chart of the TSX Venture Exchange, the exchange that has financed a great many of the world's biggest discoveries. Up until the late 90's, it was the #1 "gunslinger" exchange in the world but relinquished that honour to the NASDAQ on April 1, 1997...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, down just 0.41 percent. Holdings in ETFs backed by palladium have fallen by two-thirds in the last three years and are back to 2010 levels. However, this is not the sign of a depressed market. Hedge funds have been taking delivery of the metal and then loan the metal to the market at lease rates of 6...Read More