Featured GuestsCharles Nenner & John ScurciShow HighlightsJohn Scurci, head of Corona Associates Capital Management, outlines his view on the financial markets in 2018. The US Greenback struggled throughout 2017; investors should expect the theme to persist in the new year with profound implications for investors. US equities are priced for a perfect world scenario, which may lead to considerabl...Read More
Throughout this millennium, the rare instance of the Gold/Silver ratio topping 80x has always bode well for the white metal. We'll show you.But first, this short (pun!), swift statement on the stock market: at last Sunday's Investors Roundtable, in suggesting that the S&P 500 had just put in its high for the year and then querying if anyone else might agree, "No no no!" they laughed. We'll see if...Read More
By John MauldinY2K ReliefFederal CompulsionsRewind the Tape to 1987Correction Odds RisingSonoma, San Diego and SIC, and ElsewhereIf you travel as much as I do, you come to value nonstop flights. Connections introduce uncertainty and potential delays, not to mention what often feels like wasted time; but sometimes connections are just unavoidable. But you don't want them to be too tight. Those fi...Read More
Mr Bear was a very bad bear this week. In his report card below we see two extreme days, one of volatility (Dow Jones 2% day) and a day of extreme market breadth (NYSE 70% A-D day).In October 2008, during the credit crisis crash, for the week the Dow Jones saw its first -40% decline from an all-time high since November 1974; there were four Dow Jones 2% days. On one day the Dow Jones was down 7.44...Read More
By Gary TanashianOver and over again I've been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is subject to change. The latest update was yesterday with a daily chart view.Just look at them, the SPX vs. Gold Amigo, the 10yr & 30yr Yield Amigo and the Yield Curve Amigo. So happy-go-lucky while they ride...Read More
Disclosures in the December 2017 statement of account published by the Bank for International Settlements --https://www.bis.org/banking/balsheet/statofacc171231.pdf-- indicate that during December the bank reduced substantially its use of gold swaps and other gold-related derivatives. The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount...Read More
By David HaggithI'm pretty sure the nation's favorite groundhog, Punxsutawney Phil, knows more about the weather than he does about markets, and I'm not all that sure he knows anything about the weather! In fact, I don't understand the underground methods of this rodent resident of Gobbler's Knob at all. It would seem to me that sighting his shadow should indicate a nice sunny day, which in turn...Read More
By Steve St. AngeloWith the Dow Jones Index falling 665 points today, the risk of a large market correction has just increased significantly. Ironically, I discussed the very indicators that were setting up for a huge market correction in my newest video which I recorded on Tuesday. Unfortunately, I wasn't able to get the video posted on my Youtube channel on Friday morning and now on my we...Read More
By Gary SavageThe correction occurring in the stock market is a normal profit taking event following the development of an extremely right translated cycle. This video examines this correction in the context of stock's entire bull market and projects where stocks will go from here.https://blog.smartmoneytrackerpremium.com/ Read More
RAPAPORT... Bonhams has appointed Tim Bourne (pictured) as international directorof watches for Asia, where he will begin work at the end of February, the auctionhouse said last week. Bourne's "trackrecord of success and proven business acumen will help us establish and buildour presence among watch collectors in southeast Asia and the Far East," said Matthew Girling, global CEO for Bo...Read More
RAPAPORT... Sales of jewelry and other luxury goods grew in both HongKong and China last year amid improved consumer sentiment. In Hong Kong, full-year sales of jewelry, watches, clocksand valuable gifts rose 5%, reaching $9.6 billion (HKD 75.05billion), the municipality's Census and Statistics Department reported last week. In mainland China,meanwhile, gold, silver and jewelry sales grew 6%...Read More
RAPAPORT... Improved production of large diamonds at the high-value Let??engmine in Lesotho drove an increase in Gem Diamonds' sales in 2017. Sales jumped 12% to $206.8 million for the year, the minersaid Friday. While the overall sales volume slipped 2% to 107,152 carats,higher recoveries of large diamonds fueled a 14% rise in the average price to$1,930 per carat. The company, which ow...Read More
RAPAPORT... The Indian government has increased import taxes on polisheddiamonds to 5%, prompting criticism from the Gem & Jewellery ExportPromotion Council (GJEPC). The levy applies to cut and polished diamonds, both natural andlaboratory grown, and to colored gemstones, Finance Minister Arun Jaitley saidin a budget speech Thursday. The new rate - up from 2.5% - is one of severalchanges to cu...Read More
NASDAQ: GOLDwww.randgoldresources.com Mr. Mark Bristow reports: RANDGOLD TO ENGAGE AT TOP LEVEL WITH CONGOLESE GOVERNMENT ON NEW MINING CODE Jersey, Channel Islands - February 4, 2018 - (FSCwire) - Randgold Resources says it is engaging at the highest level with the government of the Democratic Republic of Congo to head off the enactment of a new mining code which the company believes will severel...Read More
Canada's Guyana Goldfields is set to invest $120 million to conduct underground gold mining for the first time in Guyana's history.In an event held Sunday in the South American country, the company's President and CEO, Scott Caldwell, said that by the end of the month he will provide the results of an ongoing feasibility study on underground mining at the Aurora Gold Mine. The project, 100%-owned...Read More
Miners operating in the Democratic Republic of Congo are pulling out the heavy artillery in their fight against the country's new mining code which, they say, will stifle investment in the copper and cobalt-rich nation.Today, Africa-focused gold producer Randgold Resources (LON:RSS) issued a press release saying its executives are engaging "at the highest level" with the Joseph Kabila government t...Read More
It looks like a hybrid between a golf cart and Wall.E. Its main function is to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.It can do what humans cannot: penetrate thousands of feet into a mountain, creep through very narrow areas with poor air quality and gather data of poorly understood subterranean flows, many of which contain to...Read More
RAPAPORT... Sales of jewelry and other luxury goods grew in both HongKong and China last year amid improved consumer sentiment. In Hong Kong, full-year sales of jewelry, watches, clocksand valuable gifts rose 5%, reaching $9.6 billion (HKD 75.05billion), the municipality's Census and Statistics Department reported last week. In mainland China,meanwhile, gold, silver and jewelry sales grew 6%...Read More
RAPAPORT... Improved production of large diamonds at the high-value Let??engmine in Lesotho drove an increase in Gem Diamonds' sales in 2017. Sales jumped 12% to $206.8 million for the year, the minersaid Friday. While the overall sales volume slipped 2% to 107,152 carats,higher recoveries of large diamonds fueled a 14% rise in the average price to$1,930 per carat. The company, which ow...Read More
RAPAPORT... Bonhams has appointed Tim Bourne (pictured) as international directorof watches for Asia, where he will begin work at the end of February, the auctionhouse said last week. Bourne's "trackrecord of success and proven business acumen will help us establish and buildour presence among watch collectors in southeast Asia and the Far East," said Matthew Girling, global CEO for Bo...Read More