The price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday's market action as a preview of what's in store going forward as price discovery once again engulfs the stock market and causes the most extreme stock bubble in U.S. history to deflate.Despite the fact that it seems to be taking...Read More

China yesterday announced plans to raise tariffs on about US$60 billion worth of US imports in retaliation to America's move last week to increase duties on about $200 billion worth of Chinese imports.The US then released a further list of about $300 billion worth of Chinese goods that could be hit with a 25% tariff, Bloomberg reported earlier.The tariff tit-for-tat has escalated after the pair fa...Read More

On Sunday I saw my mother. The rain was falling in waves from the sky and getting tossed back up from the truck tires on 695. A big blow rolling up the East Coast, some remnant of the disaster storms that flooded the Midwest, I supposed.The deluge had been going on for days, overflowing the gutters and rotting the soffits. Another chore I'd have to deal with at some point. Mother was today's duty....Read More

Pucara Resources is a privately held Canadian grassroots gold explorer and project generator company focused on Peru. At PDAC 2019, we learned from Steve Zuker, President & CEO of Pucara Resources, that they are primarily focused on the underexplored Ayacucho area of South-Central Peru, where they have 14 projects, of which 3 are ventured to tier-one mining companies. Two other properties are mult...Read More

Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. The team of proven mine-builders is advancing a portfolio of exploration and development projects, including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects in Western Australia, towards becoming a mid-ti...Read More

By: Michael J. Kosares, USA GoldThe Exter Inverted Pyramid of Global LiquidityCredit risk, liquidity and goldIn a recent edition of Credit Bubble Bulletin, Doug Noland, the long-time critic of contemporary monetary policy, writes about the odd times in which we live from a financial perspective. "Such a precarious time in history," he laments. "So much crazy talk has drowned out the reasona...Read More

By: Keith Weiner, Monetary MetalsWe have deviated, these past several weeks, from matters monetary. We have written a lot about a nonmonetary driver of higher prices mandatory useless ingredients. The government forces businesses to put ingredients into their products that consumers don't know about, and don't want. These useless ingredients, such as ADA-compliant bathrooms and supply chain trac...Read More

Before we get to looking at those three charts, let's talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also said that a decision could be made soon on whether to impose the same 25 percent rate on an additional $325 billion of Chinese...Read More

Was it President Trump's intention all along that trade talks with China fail? That's the contention of 'Farmer,' a long-time subscriber who lives in Nairobi. He posted earlier today as follows in the Coffee House, a chat room that runs alongside the Rick's Picks Trading Room:"Just for perspective, the average dollar volume of imports being bought from Russia is only $18 billion during the pas...Read More

By: Dave KranzlerThe price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday's market action as a preview of what's in store going forward as price discovery once again engulfs the stock market and causes the most extreme stock bubble in U.S. history to deflate.Despite the fact that it...Read More

By: Ira EpsteinGold's move yesterday really kicked it up into a new trend? Gold's strange chart:Read More

David Stockman appears on Cheddar TV Business (May 14, 2019)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of Th...Read More

Join Mike Maloney as he examines the latest moves in the US/China trade war, and visits some compelling arguments from the Foundation for Economic Education. To quote their article by Mark J Perry: "It's a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will harm economic growth, eliminate net jobs, destroy prosperity, and lower the standard of liv...Read More

"When the Federal Reserve bank signaled that they were going to permanent quantitative easing, I said look, that's the bottom for bitcoin, that was about $3,200 on bitcoin, because they're making it clear now that there's going to be no accountability by the Fed. They're going to print ad infinitum, ad nauseum, there's going to be no rollback, no kind of attempt to balance their books." Max Keiser...Read More

The West is breaking down. Democracies seem unable to handle the onslaught of problems being thrown at them. According to Alasdair Macleod, Russia and China will be the last men standing once this economic cycle reaches its unhappy conclusion. Perhaps the rest of the world will wind up emulating their oppressive systems. It's happened in history before, and there's definitely a large rhyme taking...Read More

Today's guest, David Moadel, joins us to share his thoughts on the financial markets, the United States - China trade war and the importance of thinking about alternative approaches to investing.David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He...Read More

Link to the Slides and Sources: https://www.itmtrading.com/blog/qa-ly...Question 1. Marc T: you say the Fed is out of tools, but what about buying equities? Do you think they're already doing that covertly? They also haven't tried negative rates yet. If Japan and Europe are any indication, these "tools" could be used to kick the can down the road for a LONG time, right?Question 2. Tony L: Bank of...Read More

It is clear QE is dead. However, at the same time it has trapped all central banks. I am preparing an important paper on this subject. It is complicated, but it is the very reason why the West Continue...Read More

"The most important thing is that in the China-US trade war, the US side fights for greed and arrogance ... and morale will break at any point. The Chinese side is fighting back to protect its Continue...Read More

Earlier this month the World Gold Council published its quarterly report- and it shows that central banks and foreign Continue...Read More