"Gold is the arch enemy of fiat currencies. . . . You can just use your common sense and see we have a big, big problem out there, and capital is going to need a place to hide. Gold and silver are the only money that do not have any liability. Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to j...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
For years we have heard about the manipulative short position that the bullion banks hold on gold and silver. And while some have wondered if it will ever end, keep in mind that when these banks are short, they're losing money when the price goes up. Which certainly appeared to be the case this past week, and Dave Kranzler of Investment Research Dynamics joined me on the show to explain what happe...Read More
Tom welcomes Chris, the founder of Technical Traders Ltd., back to the program. Chris discusses the enormous short position on silver and why it will take awhile to unwind.Time Stamp References:0:40 - Shorts are starting to sweat.2:25 - Silver technicals.6:25 - Timeline for targets.9:36 - Exposure and volatility.11:25 - US Fiscal cliff and the dollar.13:30 - Gold and Silver in a general equity dro...Read More
The pair had removed their masks to eat, when a "random old lady" approached them, calling them "idiots" for not masking up, even though Continue...Read More
It seems like the era of diplomacy with China, at least so far as the administration is concerned, is over, with Pompeo saying that Continue...Read More
Jeffrey Gundlach says the stock market's parabolic move in the last couple of months reminds him of the days right before the Dot Com bust. Continue...Read More
Recessions are wealth destroyers and Millennials are now living through two of the worst recessions in the last 100 years.Continue...Read More
These five charts illustrate trends in important industries that help track reopening progress in the U.S.Continue...Read More
A considerable share of the American population has some form of underlying health issue, which, as Statista's Niall McCarthy details below, places them at risk from severe forms of the virus. Continue...Read More
"They are clearly adversaries, and I think we have to take that into account every time they seek to buy something."Continue...Read More
Here are five Fastmarkets stories you might have missed on Friday July 24 that are worth another look.ArcelorMittal M?(C)xico's integrated steel mill at L??zaro C??rdenas, in the country's western Michoac??n state, has been partly closed by local municipal officials because of alleged tax irregularities, the company said on...Read More
Here are five Fastmarkets stories you might have missed on Friday July 24 that are worth another look.ArcelorMittal M?(C)xico's integrated steel mill at L??zaro C??rdenas, in the country's western Michoac??n state, has been partly closed by local municipal officials because of alleged tax irregularities, the company said on...Read More
Despite the recent rally in stock markets since the crash back in March, the global economy is still in poor shape. Many are still unemployed, and businesses are still operating at reduced capacity.This makes it almost guaranteed that we will see economic output far below capacity for some time.The stock market has largely been unattached to economics lately. With almost all negative news seemingl...Read More
Gold hit an all-time high today for the first time since 2011. That is big news, albeit more for what it signals than the actual event. For a long time now, gold bugs have argued that gold would rise sharply in response to money printing from the American Federal Reserve. This event is now a reality due to unprecedented money printing.What is amazing is the lack of coverage of this event. I did a...Read More
Last September, I’d discussed why the spot price of gold could hit $2,000 in 2020. At the time, I’d pointed to economic and geopolitical factors that were bullish for the yellow metal. Gold looked good coming into this year, but no one could have predicted the incredible events that have shaken the world in 2020. Are fears of a second market crash and a global recession pushing gold to...Read More
Hammerdown project. Image from Maritime Resources. Infill drilling at Maritime Resources' Hammerdown gold project in Newfoundland and Labrador has intersected high gold and silver grades within the footprint of the Hammerdown open pit outlined in this year's preliminary economic assessment (PEA).Drill highlights include 2.5 metres of 22.66 g/t gold and 24.86 g/t silver starting at 39.5 metres,...Read More
The price of gold just topped US$1,900 and is on track to carve out a new record high. Bitcoin, meanwhile, has doubled off the March low.Momentum investors want to know if gold or the digital currency is the better way to go today. Let’s take a look at the current situation to see why this might be a good time to get out of Bitcoin and shift funds to gold stocks.Gold vs. BitcoinIn 2017, Bitc...Read More
One of the hottest assets the last week has been silver, and it appears that there’s no slowing down. Silver stocks have followed suit of many gold stocks, up to 52-week highs just in the last week.Since the start of the coronavirus pandemic, it’s been clear that precious metals would be an excellent investment. Not only would investors be seeking a safe haven, but with so much monetar...Read More
Hovermap scanner Credit: Emesent Emesent, a global technology company, and Deswik, a software developer, have signed a memorandum of understanding to integrate their respective solutions to provide a more comprehensive mine data capture and analysis offering.The two companies would work together to allow mining companies to incorporate high-quality data captured in inaccessible locations into th...Read More