Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
July ends with record monthly closes.Apple becomes world's most valuable company.Gold settings records.Silver has its best month since 1979.US Dollar has lost better than 99% of its value.Slow orderly decline could turn into rapid disorderly crash.10 and 30 year Treasury Bonds close with lowest yields in history.This is the 1970s on steroids.Jerome Powell levels up on not thinking about rates.Meal...Read More
"It is the square-root recovery in the sense that we came down very sharply, we saw that in today's 32.9% annualized contraction in GDP that you mentioned," El-Erian said. "We came back strongly initially - we saw that in last month's jobs report and the initial improvement in jobless claims, and now we're getting the leveling off.""And that is of worry because not only do we have to deal with the...Read More
Nouriel Roubini, NYU Stern School of Business Professor and CEO of Roubini Macro Associates, LLC joins Yahoo Finance's Julia La Roche to discuss his outlook on the global economy as the coronavirus pandemic continues, and bonus unemployment benefits expire.Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International...Read More
We either seize control of our future, or risk losing it.Continue...Read More
Problems often come in bunches. And each new one adds - sometimes exponentially - to the complexity of a given situation. See One Problem Is Manageable. Five Might Not Be.Continue...Read More
Is the US Dollar's recent weakness the beginning of the end?Continue...Read More
"In the midst of the worst global economic performance ever, Russia's reserve position is near an all-time high. Not because of energy or agricultural exports. It's because theyContinue...Read More
It’s a rare stock indeed that can satisfy multiple investing strategies at the same time. But one name just about pulls it off. Franco-Nevada (TSX:FNV)(NYSE:FNV) offers investors a reduced-risk play in the gold space. This rare ultra low-risk gold stock combines a strong growth thesis along with some passive income. Gold is on a tear this year, but it’s not too late to get invested.One...Read More
After a brutal March and April, the price of oil has risen significantly. This has provided some breathing room for energy companies, many of whom slashed dividends earlier this year in the face of plunging oil prices. Additionally, gold has rallied to all-time highs in 2020. This has provided a boost for gold miners who suffered during most of the past decade because of falling gold prices.Many i...Read More
One of the rainwater collection ponds in Magdalena Ocotl??n. (Image by Compa???-a Minera Cuzcatl??n). Mexico's Federal Attorney for Environmental Protection issued a report stating that the subsidiary of Canada's Fortuna Silver Mines (NYSE: FSM), Compa???-a Minera Cuzcatl??n, hasn't caused any pollution to rainwater collection ponds in the Magdalena Ocotl??n municipality in the southern Oaxaca st...Read More
Rescue team at the Los Cedros coal mine in Colombia. (Image courtesy of the National Mining Agency). The bodies of nine miners have been recovered from a coal mine in Colombia where an explosion took place on July 31, 2020.According to the National Mining Agency, the blast at the Los Cedros mine in the El Zulia municipality of the Norte de Santander department was caused by the accumulation of ga...Read More
Pyrite on quartz. (Image by James St. John, Flickr). Researchers at the University of Minnesota in the US have electrically transformed iron sulfide, also known as "fool's gold" or pyrite, into a magnetic material.In a paper published in the journal Science Advances, the scientists explain that this is the first time an entirely non-magnetic material has been transformed into a magnetic one. In t...Read More
Michael McNeilly, CEO of Metal Tiger PLC (AIM: MTR) introduced us to his business. Metal Tiger is an AIM (London Stock Exchange) quoted investing company, focused on the natural resource sector. Metal Tiger has a portfolio of investments in development and exploration stage mining companies, with a current focus on precious and base metals, with a strong focus on copper, gold and silver. They hold...Read More
Sector expert Michael Ballanger offers his latest analysis of how current economic circumstances are driving the gold and silver bulls. Gold barsBefore I begin this weekly missive (which is being penned on a Wednesday due to my impending cruise to the northern habitats of Georgian Bay), I need to present one quote that for me summarizes everything there is to know about risk management in the cap...Read More
No matter what shape the recovery is, the epidemic will likely have lasting, positive effects on the gold market.During the most acute phase of the pandemic and the following economic crisis, there was no time to analyze various WGC’s reports on the gold market. Let’s make up for it!I’ll start with the report “Recovery paths and impact on performance” about the gold m...Read More
Our trading team witnessed a big drop in Platinum and Palladium prices early this morning while Gold and Silver continued to push moderately higher. We began to question this move and investigate any historical relevance to previous patterns. Our research team pointed out that both Platinum and Palladium rolled lower just 3 to 4 days before the breakdown in the US stock markets on Febr...Read More
Yesterday’s session was indeed volatile around theFOMC, just like we warned,and gold even moved to its previous high, likely forming a double-top pattern.Even though gold moved higher on an intraday basis, it didn’t invalidate itsprevious breakdown, which was a bearish sign. Gold was likely to decline, andit is declining so far in today’s pre-market trading. The above chart show...Read More
This is only PHASE ONE of the collapse in global silver production. The world will find out that silver is one of the most undervalued assets on the planet... by Steve St Angelo of SRSrocco ReportAccording to the data released by Mexico and Peru's governmental mining data, domestic silver production continued to be depressed in May. Interestingly, the production data just released from Mexico's...Read More
This is the 1970s on steroids...by Peter Schiff of Peter Schiff PodcastJuly ends with record monthly closes.Apple becomes world's most valuable company.Gold settings records.Silver has its best month since 1979.US Dollar has lost better than 99% of its value.Slow orderly decline could turn into rapid disorderly crash.10 and 30 year Treasury Bonds close with lowest yields in history.This is the 197...Read More