A short but tumultuous trade spat appeared to conclude in May as Canada lifted its retaliatory tariffs on the United States. The U.S. followed suit, lifting its penalties on steel and aluminum from Canada and Mexico. Both countries said that they would not accept a deal that called for fixed quotas, though the U.S. reserves the right to request consultations before imposing duties at the same rate...Read More
Weekly Reports |May 28 2019Sellers continue to chase down ever more empowered buyers in an ongoing weak uranium market.-Uranium spot price continues to fall-Rio Tinto may shut down Rossing-US production falls dramaticallyBy Greg PeelIt was Groundhog Week last week in the uranium market. With utilities largely out of the market pending a section 232 decision, sellers continue to lower prices in ord...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 28, 2019 The fear trade for gold continues to gain fundamental strength.The technical picture is also solid.Pleaseclick here now.Double-click to enlarge.Gold is poised for significant upside action in the second half of this year. A large bull wedge is in play as institutional invest...Read More
Berkeley said it was not aware of any information that could explain the trading, instead highlighting recent municipal elections in Retortillo, Spain, that saw the People's Party win four of the five council seats.Berkeley is developing the Salamanca uranium project in the region.The People's Party platform includes plans to run nuclear plants for as long as the regulator deems them safe, as well...Read More
Last week I told you the secret to success was going into massive debt and then digging your way out. If you make it, then you will have the resources to continue to live large. If you don't, you will be bankrupt.Debt, like a screwdriver or a chainsaw, is a tool. When I was a boy, my dad had a spring-loaded screwdriver called a push drill driver. You push down and the screw turns. It didn't work v...Read More
StrengthsThe best performing metal this week was palladium, up 1.49 percent as UBS published a report outlining its positive view on the precious metal; hedge funds raised their net long position in the metal after touching an eight-week low. Gold traders and analysts were neutral on their outlook for gold as a stronger U.S. dollar offset potential haven appeal, according to the weekly Bloomberg...Read More
By: PlungerIn this report we will look at the state of the stock market and update the condition of a potential bottom in the gold space.Sell in May and Go AwayYou have all heard this Wall Street ditty before and it is now upon us at this moment. Despite this old market rule being an established truism, few actually use it to make money. Instead the daily market action draws investors back i...Read More
COLORADO SPRINGS, Colo., May 28, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the continued expansion of the Arista Mine's Switchback vein system. High-grade mineralization intercepted 175 meters along the northern strike and 200 meters up-dip in vertical elevation significantly expanding the Arista Mine. Drill intercepts include 11...Read More
How to avoid becoming collateral damage in the coming crashBy: Adam TaggartSometimes you really do find enlightenment at the top of the mountain.I spent this week hiking in Montana's Bitterroot mountain range, as a participant in the pilot run of a new personal-growth-through-adventure-travel startup.In our group was a famous professional cyclist, who had been a superstar on the Tour de France...Read More
DaBoyz showed a deft touch as the week drew to a close, guiding the broad averages to a respectable close even thought there were no buyers around. Stocks often soar ahead of summer holidays, but this Memorial Day weekend they seemed challenged merely to stay in positive territory. Although there were no aggressive bids in evidence, especially for tech stocks, neither were there any urgent selle...Read More
Gold will break free from $1270-$1298 range and form a new range anytime soon. Silver needs to trade over $1419 to be in long term bullish zone. Crude oil needs to trade over $57.00 to rise to $63.00 this week. Apprehensions that an all out global trade war will reduce demand for crude oil has resulted in the fall. Crude oil is just a speculative play. Supply pressures from Venezuela, Iran and L...Read More
The news coming out of Europe was quite shocking. Even though the EU Members of Parliament have little or no authority over actual EU governance, the Euro Skeptics clearly carried the day. In little more than 45 days since its formation, Nigel Farage's Brexit party won a commanding majority, beating out the Tory and Labor parties by a wide margin. This process was repeated in France and Italy. It...Read More
Today's guest, Lior Gantz, joins us to share his thoughts on the threat against employment and strategies on how to thrive in the new economy.Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge...Read More
Is this the chart that shows what Mike Maloney has been forecasting for the last few years? Link to Bloomberg article: https://www.bloomberg.com/news/articl...Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies....Read More
A key component of the ransomware being used by hackers who are holding the city of Baltimore hostage was developed by the NSA. Now, city leaders are demanding answers. Read More
Links to slides and sources: https://www.itmtrading.com/blog/hyper...Question 1. John D: If the USD hyperinflates, how do you see this impacting the payment of property taxes? In this scenario, is the American Silver or Gold Eagle a viable payment instrument? That is, would the local government office be legally bound to accept Eagles for payment of taxes?Question 2. William W: OMG! In 2008 the pr...Read More
Former Dallas Fed adviser Danielle DiMartino Booth on the impact of U.S. trade tensions with China on the markets and the impact of the strong U.S. economy on President Trump's reelection efforts.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm an...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Dan Collins, a businessman who lived and worked in China for the past twenty years. He explains the Hunter Biden scandal and how the Vice President's son came to receive so much help from the Chinese government for his China-based fund - an otherwise almost impossible feat for a foreigner.Max Keiser is an American broadcaster...Read More
Every week is eventful these days. But the most recent one stands out for sheer edge-of-the-abyss when-it-rains-it pours diversity. Some of the highlights:Continue...Read More
StrengthsThe best performing metal this week was palladium, up 1.49 percent as UBS published a report outlining its positive view on the precious metal; hedge funds raised their net long position in the metal after touching an eight-week low. Gold traders and analysts were neutral on their outlook for gold as a stronger U.S. dollar offset potential haven appeal, according to the weekly Bloomberg...Read More