Traders just booked profit in short positions in gold and silver. They are sitting on cash at the moment. News will be the key. Trade deal with China is not signed yet. I will not rule out further escalation of trade war with China as US economic numbers have beaten Chinese in November. Trump is at an advantage (with China) on the trade war in the short term. Trade war will be pain for every nat...Read More
The Fed will cut all the way to 0% if needed, contrary to what markets are pricing in, this according to Peter Schiff, CEO of Euro Pacific Capital.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic...Read More
Gold will resume its upward trajectory towards the end of Q1 2020. US stock market will not see a blow-off yet. Interest rates are not going up, they're going lower still. Starting middle of January long rates will be heading down. Unemployment will pick up next year and recession is likely. Oil longer term cycles are down, as low as $36 per barrel. Natgas hit it's price target on the down side an...Read More
Remember just a few months ago when repo rates went from 1 percent to 10 percent overnight. The Fed assured us that it was because of quarterly tax payments, or who knows may it was a YouTube video that caused the meltdown. Well, we speculated from the get go that it was one or more major banks going bust. We were close to the truth, at least according to the BIS (Bank for International Settlement...Read More
Ronald looks back at gold's performance during 2019 and discusses how it operates as a seventh sense in the market. Gold is revealing issues and projecting an increase in recessionary and inflationary concerns. Both of these topics are quickly becoming contrarian perspectives as the Economist magazine recently noted in their Special Report that "We have reached the end of inflation." Sentiment for...Read More
The global monetary system underpinned by massive government debt can subsist for only so long before reality kicks in. What will come next?Massive wealth transfer, says Christopher Martenson, CEO and co-founder of Peak Prosperity. He argues faith in the US dollar is not eternal, and those holding bonds, stocks, and fiat currency will bear the brunt of the fallout.That is why big players from bill...Read More
Harry Dent, Jr., bestselling author and one of the most outspoken financial editors in America, explains his unique method for studying the global economies.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopoli...Read More
Max interviews Dominic Frisby about the history of taxes as outlined in his new book, DAYLIGHT ROBBERY. They discuss the history of taxation; from Mesopotamia to modern day France and the Yellow Vest movement. They also look at having a land value tax instead of income tax, which Frisby suggests is the worst of all options.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Repor...Read More
The next round of quantitative easing - official, actual quantitative easing - is fast approaching. Yes... the Federal Reserve will soon be clearing for emergency action.Continue...Read More
Ben Swann breaks down the key points of the new USMCA and explains why despite claims by the Trump administration and Congressional Democrats, the new North American trade deal is only a little better than NAFTA.Read More
"Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposureContinue...Read More
Consequently, additional drill testing is warranted in the specific host zone. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release the assay results from two holes diamond drilled at its Wicheeda rare earth elements (REEs) project near Prince George, Canada.Hole WI19-28 returned 2.46% light rare earth oxide (LREO), or cerium, lanthanum, neodymium, praseodymium, and...Read More
Precious metals expert Michael Ballanger takes a look at the factors behind silver's recent price decline. In this week's commentary, I am going to respond to the rash of end-of-the-world emails and terror-stricken texts that bombarded me after the BLS reported a better-than-expected Non-Farm Payrolls number Friday that sent stocks screaming higher and the precious metals into a nosedive. I must...Read More
WOOD, one of the Ishares ETF symbols related to the Real Estate and Construction sectors may become the next hottest instrument for skilled technical traders. Over the past three years, Wood has rallied over 110% between a $40 to $84 range and the trading volume of WOOD has been relatively consistent near an average of about 140k shares per week. Let’s dig into the opportunities...Read More
Gold closed down as much as 1.21 percent Friday on a blowout jobs report that seemed to alleviate investor fears of an impending economic slowdown. The U.S. added as many as 266,000 jobs in November, beating expectations of 180,000, while the unemployment rate ticked down to a 50-year low of 3.5 percent.The yellow metal remains on sound footing, though, and over the next 12 to 24 months, I see i...Read More
"Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated." Elaine Chao, American politician, U.S. Secretary of Transportation 2017-,...Read More
By: Ira EpsteinGold is near a seasonal bump to the upside. $1,459.80 would be a negative turn in short-term picture. Downside bias but swingline just below..Read More
Traders just booked profit in short positions in gold and silver. They are sitting on cash at the moment. News will be the key. Trade deal with China is not signed yet. I will not rule out further escalation of trade war with China as US economic numbers have beaten Chinese in November. Trump is at an advantage (with China) on the trade war in the short term. Trade war will be pain for every nat...Read More
RAPAPORT... Alrosa's sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the fourth highest of the year. "November sales growth [is] evidence that [the] midstreamsector, specifically in India, is on track to restore its balance," sa...Read More
RAPAPORT... A pair of blue diamond earrings fetched just under $1.3 million atBonhams' New York Jewels sale, beating its high estimate. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81 carats, and anoval-shaped modified brilliant-cut, fancy-blue diamond, weighing 1.62 carats. Thosestones are topped by two cushion-shaped modified brill...Read More