"Given the risk of a prolonged period of economic uncertainty, weaker commodity prices, higher volatility and uncertain demand outlook, the Board believes that maintaining the current level of shareholder distributions is not prudent."Continue...Read More
Bob Moriarty ArchivesMay 1, 2020I’ve had a few comments lately on the pieces I have been writing about where we stand politically and with the Corona Virus. One complained and said that he loves my comments on markets but I was getting too political.Of course I am. I thought we had two totally different crises on our hands today. Most people only see one, that of the Corona Virus. Obviously...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
The Coronavirus / covid-19 pandemic is the biggest hoax in the history of the world. Billions of people across the globe have been duped and allowed themselves to be subjected to tyranny because of a spook.As you will learn when you follow the links below, the figures for cases and deaths caused by Covid-19 are largely fraudulent and grossly inflated - the product of distortion, exaggeration and...Read More
By Richard (Rick) Mills What exactly does it mean when pundits say that gold is a "store of value" and "hedge against inflation"? In this article we're diving deep into these questions and discussing how gold has performed over time, not only measured in US dollars but in other currencies. The latter is important, after all, since 95% of the world uses a form of currency other than the USD in t...Read More
By Mike Gleason Precious metals markets enter the month of May with some mixed signals near term. But the long-term picture continues to look constructive. All the metals appear to have put in major bottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economic lockdowns, the gradual reopening of state, local, and national economies should star...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
An article in Canada's french La Press today announced that Canada had fiished selling off its gold reserves. The last time a country sold their gold it was England at US$275 per ounce in 2002. It turned out to be a bottom (the worst time to sell) as it is now around US$1700 per ounce. Let's see if history repeats itself. I have always been on the record to support assets with no counter party ris...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
The Coronavirus / covid-19 pandemic is the biggest hoax in the history of the world. Billions of people across the globe have been duped and allowed themselves to be subjected to tyranny because of a spook.As you will learn when you follow the links below, the figures for cases and deaths caused by Covid-19 are largely fraudulent and grossly inflated - the product of distortion, exaggeration and...Read More
By Richard (Rick) Mills What exactly does it mean when pundits say that gold is a "store of value" and "hedge against inflation"? In this article we're diving deep into these questions and discussing how gold has performed over time, not only measured in US dollars but in other currencies. The latter is important, after all, since 95% of the world uses a form of currency other than the USD in t...Read More
By Mike Gleason Precious metals markets enter the month of May with some mixed signals near term. But the long-term picture continues to look constructive. All the metals appear to have put in major bottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economic lockdowns, the gradual reopening of state, local, and national economies should star...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
PRIVATE BLOG - Gold & April ClosePrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
RambusBefore we look at tonight's Precious Metals charts I would like to make a comment on the US stock markets. I will take some flack over some of the comments I'm going to make but that's fine as it won't be the first time nor the last.Let me start by saying, "The only rule when it comes to trading the stock markets is, "There Are No Rules." The other important rule that I live by is that, "t...Read More
By: Gary SavageGold testing $1,800 resistance, traders should take note of this area and possibility for more bullion banks attacking the metal as they remain heavily short. In the general markets, we are nearing the upside target..http://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold is strong, hard to break it. A lot of money printed and about to be printed and I think this got the gold market's attention:Read More
June-dated crude rose 25% for the dayThe Dow extended its midday losses, closing down over 280 points, as dismal economic data weighed. The 3.8 million rise in jobless claims alongside a drop in consumer spending landed all three major indexes in the red, despite a rise in tech following a strong earnings session. Renewed unease over a potential trade-war also settled in after The Washington Post...Read More
Call trading on MCD has ramped up todayThe shares of McDonald's Corp (NYSE:MCD) are down 1.3% to trade at $185.48 today, after the fast food giant reported adjusted first-quarter earnings of $1.47 per share, lower than than Wall Street's estimates of $1.57 per share. This is the fast food giant's first quarterly earnings miss in two years. McDonald's also reported a dip in global sales amid lim...Read More