Before their recent surgeon gold regaining $1600, the gold stocks spent much of the past half-year or solargely drifting sideways to lower. Thathigh consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer aseasonal slump into mid-March, paving the way for gold stocks’ spring rally. That’s their second-strongest...Read More
With new cases of COVID-19 outside China rising, the chances of a pandemic and global recession have increased recently. What are the implications for the gold market?Coronavirus Spreads Over the WorldUnfortunately, the new coronavirus remains the hottest topic of the news. Although the COVID-19 epidemic has been slowing down in China since the beginning of February, it has quickly spread to sever...Read More
In December, the Sveriges Riksbank, the world’s oldest central bank, has raised the main interest rate from -0.25 percent back to zero, ending its experiment with the negative interest rate policy, as the chart below shows.Chart 1: Riksbank’s repo rate from January 2010 to January 2020. This is a huge change. As a reminder, Riksbank was a pioneer of negative interest rates. As early as...Read More
Gold and stocks are moving south together; but they are not correlated. Nor, are they inversely correlated, as some gold enthusiasts claim.Reference to gold as a safe haven has some investors buying gold to hedge against a stock market crash. It is almost as if gold has become a pseudo defensive stock.It seems investors actually expect gold’s price to go up when the stock market goes down; a...Read More
With new cases of COVID-19 outside China rising, the chances of a pandemic and global recession have increased recently. What are the implications for the gold market?Coronavirus Spreads Over the WorldUnfortunately, the new coronavirus remains the hottest topic of the news. Although the COVID-19 epidemic has been slowing down in China since the beginning of February, it has quickly spread to sever...Read More
In December, the Sveriges Riksbank, the world’s oldest central bank, has raised the main interest rate from -0.25 percent back to zero, ending its experiment with the negative interest rate policy, as the chart below shows.Chart 1: Riksbank’s repo rate from January 2010 to January 2020. This is a huge change. As a reminder, Riksbank was a pioneer of negative interest rates. As early as...Read More
Gold and stocks are moving south together; but they are not correlated. Nor, are they inversely correlated, as some gold enthusiasts claim.Reference to gold as a safe haven has some investors buying gold to hedge against a stock market crash. It is almost as if gold has become a pseudo defensive stock.It seems investors actually expect gold’s price to go up when the stock market goes down; a...Read More
Adam HamiltonArchivesFeb 28, 2020 Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-st...Read More
For Part 1 of this series, CLICK HEREHow serious could coronavirus get? Will it decimate world economies, or is this just a short term blip? Is it the virus to blame for the recent market action, or the fact that the world economies have been balanced on a razor's edge for a decade? Find the answers to all of the above in today's update with Mike Maloney and Chris Martenson of PeakProsperity.comMi...Read More
Eric Sprott discusses the devastating impact the coronavirus is having on the global markets, including for now the precious metals and the mining shares.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric es...Read More
Just a few months after putting the Fed on hold, Chairman Powell is once again under pressure from the markets to take action. Jim Grant, founder and editor of Grant's Interest Rate Observer, joins "Squawk Box" to discuss.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most...Read More
- Dow down 404% with a record 1200 point drop.- Coronavirus damage to the market cannot be undone- Major discounts in the gold mining stocks- Coronavirus task force is more like a plunge protection team for the stock market- Fed's bullets may no longer work against superman bubble- I have a PR problem in PRPeter Schiff is an internationally recognized economist specializing in the foreign equity,...Read More
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
In yet more absurdity and confirmation that Edward Snowden was never an "enemy of the state" - as top intelligence officials and some congressional leaders have charged for years - it's been revealed that the Continue...Read More
Greg Weldon breaks down the market fallout still ahead of us as a result of the coronavirus, why gold and silver won't be immune to the selloff that will continue to take place in all markets. Even though it could present a fantastic opportunity for precious metals investors. Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodit...Read More
If you want to know why things are screwed up, take a good look at your family (not mine). The corona virus could be a pandemic, but Gerald thinks not. So far the mortality rate has been relatively low. Just like the weatherman likes to panic the public at the first sign of a hurricane, so to with our public health officials. Why believe one word that comes out of any government. They're lying. So...Read More
Is the January Effect dead? Is it now the February Effect? After Tesla nearly hit $1000 per share, it's now fallen almost 20 percent. Global trade contracted in 2019. Perhaps the world economy was already declining and this is just the final chapter of the stock market's long extended bull market. Passive investing is the dominant form of investing, whatever happened to stock pickers? And the debt...Read More
"I wish, again, to express my closeness to those who are ill with coronavirus and to health care workers who are caring for them." Continue...Read More
The market is now demanding almost 4 rate-cuts this year - a stunning example of the desperation for monetary policy mavens to save the world through easy money... and maintain the 'buy the dip' strategy that a generation of money managers has become conditioned to.Continue...Read More
A great many systems that are assumed to be robust are actually fragile. Exhibit #1 is the global financial system, of course, but Exhibit #2 may well be the healthcare system globally and in the U.S.Continue...Read More