Deutsche Bank Derivatives Bubble suddenly Imploding into a Financial Black HoleDeutsche Bank is to Germany is what Wells Fargo is to the US .it just does not stop at one scandal, there is another and another and another. Today, Deutsche Bank was convicted of derivatives transactions in Italy. An Italian court convicted 13 former bankers from Deutsche Bank, Nomura, and Monte dei Paschi di Siena on...Read More
Bob Moriarty ArchivesNov 15, 2019Many gold stocks continue to tumble into yearly lows as we approach the annual Tax Loss Silly Season when the good, the bad, and the ugly get tossed on the bargain table for no reason at all other than they went down in price. For intelligent investors it’s a great chance to pick some low hanging fruit. I expect a short-term blip higher in the price of gold b...Read More
The Africa-focused metals company made a profit of £7 million in the year to 30 June, up from a loss of £2 million the previous year. It also raised £6.Read More
Rio, already ERA's largest shareholder with a 68.39% holding, is likely to have to dig deep for the 6.Read More
Increases in global population, urbanization, and economic development are set to drive world energy demand higher in 2020 and beyond.Global oil demand is forecast to reach a record-setting 100 million barrels per day next year.Meanwhile, the demand for natural gas is expected to overtake "king" coal as the world's second-largest contributor to the energy mix thanks to the development of the LNG i...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 323,18956,123107,486210,067511,535640,742675,144 Change from Prior Reporting Period -21,402-8,6408,96228,37912,70915,93913,031 Traders 18774825154272183 Small Speculators LongShortOpen Interest 67,72133,319708,463 2,3435,25118,282 non reportable positions...Read More
The major gold miners just enjoyed a phenomenal quarter for gold, which soared after its first bull-market breakout in years. Q3'19's much-higher prevailing gold prices should've driven soaring earnings for the miners, due to their big inherent profits leverage to gold. So this just-completed Q3 earnings season is the most important for this sector in a long time. Did the gold miners' fu...Read More
Dave KranzlerA mysterious "pledged gold" entry has just showed up on the Comex gold warehouse report. The definition of this new warehouse stock classification for gold is provided in Chapter 7 of the New York Mercantile Exchange rulebook.In brief, "eligible" gold is a gold bar stored in a Comex vault that meets Comex specifications (quality, size, purity, and brand).A "registered" gold bar is o...Read More
- Darryl Robert Schoon...the financial system experienced some serious liquidity shortages in August 2007, and the Fed injected funds to help keep financial markets operating effectively so that they would continue to support ongoing economic activityFederal Reserve Bank of San Francisco, August 2007In August 2007, a credit crunch swept global markets forcing central banks to provide billions...Read More
By: Ira EpsteinBears do not like to short in an oversold market. Gold moving off the lower volatility band, resistance area $1,485 area. $GDXJ at resistance at the 18-DMA, $GDX...Read More
By: Avi Gilburt(Originally published on Sat Nov 9 for our ElliottWaveTrader members)When the GLD dropped down off the October 25th high in a 5-wave structure, this provided us with the warning that a deeper c-wave can take hold. In fact, as we began the rally off that 5-wave decline, I began noting in our trading room that I was going to use GLD puts as a hedge to my overall metals positions,...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Links to Slides and Sources: https://www.itmtrading.com/blog/headl...Are you watching all the "talking heads" on TV push this idea of optimism in our Economy, while completely ignoring the truth of what's going on in the big picture? I'm hoping the reason you're watching this video (and not the news) is because your gut tells you there's a lot of things they aren't telling you...and you'd be right...Read More
Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. They discuss late cycle dynamics, how the CTA position estimating model works and if it's time to buy gold & more. Read More
Watch out for digital payment services. It's all in your phone and the fraudsters are out there taking your data. Through the miracle of the NFC (Near field communication) protocol, thieves can steal your financial info in a flash. Beware of fuel thieves, especially in Florida. They steal credit card data and then go to gas stations and load up their hidden tanks with a few hundred gallons. Then y...Read More
"So they now convict Roger Stone of lying and want to jail him for many years to come. Well, what about Crooked Hillary, Comey, Strzok, Page, McCabe, Brennan, Clapper, Shifty Schiff, Ohr..."Continue...Read More
1. Gold’s annual returns 2000 to presentIn the February edition of this newsletter, we ran an article under the headline: Will 2019 be the year of the big breakout for gold? Though we would not characterize gold’s move to the upside so far this year as ‘the big breakout,’ 2019 has been the best year for gold since 2010 even with the recent correction taken into accoun...Read More
In the first part of this research article, we shared our ADL predictive modeling research from July 10th, 2019 where we suggested that Oil prices would begin to collapse to levels near, or below, $40 throughout November and December of 2019. Our ADL modeling system suggests that oil prices may continue lower well into early 2020 where the price is expected to target $25 to $30 in February~A...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 323,18956,123107,486210,067511,535640,742675,144 Change from Prior Reporting Period -21,402-8,6408,96228,37912,70915,93913,031 Traders 18774825154272183 Small Speculators LongShortOpen Interest 67,72133,319708,463 2,3435,25118,282 non reportable positions...Read More
The major gold miners just enjoyed a phenomenal quarter for gold, which soared after its first bull-market breakout in years. Q3'19's much-higher prevailing gold prices should've driven soaring earnings for the miners, due to their big inherent profits leverage to gold. So this just-completed Q3 earnings season is the most important for this sector in a long time. Did the gold miners' fu...Read More