Stocks have completely recovered from their flash bear market of late 2018.But now they face a hard question: Can already record high prices continue to rise in the face of falling corporate profits?Let's start with the "falling corporate profits" part:A business generates improving profits when the things it sells rise in price faster than the cost of production. So on the following chart you wan...Read More
Should middle America be thankful for all the "jobs" provided by the military in areas like the National Guard? That's the argument of some pro-war progressives. It's dead wrong. The massive military budget is driven by the idea that "debt doesn't matter" - a false notion that is leading us to economic devastation.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran fo...Read More
John Rubino with the popular financial website DollarCollapse.com, talks about the need to return to a gold backed monetary system with debt markets at false levels.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spen...Read More
Disappointing employment numbers, declining home sales and prices in Canada, the US and Australia, among others and bad US employment numbers, it's all happening. We'll see about the stock market. Earnings are certainly declining. There will be a day of reckoning and probably sooner than later. When that day comes, there will be tons of opportunities for amazing values. The key is to be prepared f...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Looking strictly at the numbers it's hard to work up much interest in whether Republicans or Democrats are in charge after 2020. Either way, trillion-dollar deficitsContinue...Read More
As hope for a U.S.-China trade deal increases, so have the prices of semiconductor stocks. Continue...Read More
Michael Ballanger discusses recent movements in the stock and precious metals markets. Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to the infamous "Thank God It's Friday!" bistro located about a fi...Read More
It’s possible last week’scascading selling rout in palladium ended its multi-year bull market. Theformerly white-hot metal lost more than $200/oz (but is beginning to rebound).For now, however,palladium prices remain in a long-term uptrend above the bullishly aligned 20-weekand 50-week moving averages – and physical supply remains tight. Regardless of whether the palladium market...Read More
In February, the World Gold Council released the newest edition of Gold Investor. What can we learn from the report? Let’s discuss gold’s role in the onslaught of the cashless society, its role as a portfolio diversifier, reverse asset and source of liquidity.Rogoff Wants Cashless Society, but Appreciates GoldAs a lot has happened recently, we didn’t have time to analyze the late...Read More
Stop me if you’ve heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let’s look at the t...Read More
You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or purchasing inverse ETFs or Puts, and I was pleased to learn that some of you did just that. As we can see on gold's latest 8-month chart bel...Read More
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Bitcoin's sharp rally on Tuesday was being described by some as a 'mystery surge', but it is no mystery at all for anyone who has seen the film Night of the Living Dead. Buffs may recall that the movie's flesh-eating zombies were activated by radioactive contamination from an exploding space probe that had visited Venus. Although no similar explosion has been reported by NASA, it seems entirely...Read More
RAPAPORT... Sales at Signet Jewelers fell last year as demand tailed off during a disappointing holiday season. Same-store sales - at branches open for a year - slipped0.1% for the fiscal year ending February 2, while total revenue also declined 0.1%to $6.25 billion, the company said Wednesday.Sales at Kay fell 0.4% to $2.42 billion, with Jared declining 4.3% to $1.14billion. Revenue at...Read More
RAPAPORT... Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest growth in consumersales. That indicates the industry may be sending large quantities of goods tothe US in anticipation of future demand, traders...Read More
RAPAPORT... Jeremy Schwartz will leave his position as chief operatingofficer of Pandora after less than a year in the role, the jewelry retailersaid Tuesday. Schwartz joinedPandora in September, after its CEO, Anders Colding Friis, resigned. Since then, he hasbeen jointly managing the company with chief financial officer Anders Boyer. Alexander Lacik, whom Pandora hired as CEO in Februa...Read More
RAPAPORT... The US Federal Trade Commission (FTC) has sent letters toeight companies selling lab-grown or simulated diamonds, warning that theirmarketing violates the government's recently issued guidelines. In the letters, the FTC notes some of the companies'advertising may be deceptive to consumers, specifically in instances where themarketing implies a simulated diamond, such as cubic zirc...Read More
FTC staff sent eight letters to jewelry marketers warning them that some of their online advertisements of jewelry made with simulated or laboratory-created diamonds may deceive consumers, in violation of the FTC Act. The letters note that in July 2018, the FTC issued updated Guides for the Jewelry, Precious Metals, and Pewter Industries that provide marketers with information on how to make non-d...Read More
GIA announced changes to its laboratory-grown diamond grading report to align the report with recent revisions to the U.S. Federal Trade Commission (FTC) Jewelry Guides. Effective July 1, 2019, GIA will discontinue its [twelve-year old] GIA Synthetic Diamond Grading ReportTM and introduce the GIA Laboratory-Grown Diamond ReportTM. The GIA Laboratory-Grown Diamond Report will: include the standa...Read More