Graceland UpdatesBy Stewart Thomson 1. Is the price correction in gold already over? 2. Please click here now. Double-click to enlarge. I told investors to prepare for a modest and healthy correction from the $1300 area, and that's happened.3. Gold hasn't even reached the first Fibonacci retracement line after staging a magnificent rally from the $1173 area. That's a sig...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 4.36 percent on acute supply tightness. JPMorgan sees additional upside to the price despite weaker auto sales. Gold traders and analysts surveyed by Bloomberg remain bullish on the yellow metal for a 10th straight week even as prices remain near the $1,300 level. ETFs added gold to their holdings for the 15th straight...Read More
Phoenix, Arizona (January 22, 2019) - An Arizona legislator has put forward a bill to de-risk the state's financial holdings with a modest allocation to physical gold and silver in the state's reserve fund.Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona's Budget Stabilization Fund be held in the monet...Read More
Thousands of political, business and cultural leaders are heading now towards Davos, Switzerland, to attend the World Economic Forum. On the eve of the world's biggest annual gathering of the rich and powerful, the International Monetary Fund released its newest world economic outlook. What are the forecasts - and their implications for the gold market? Global Expansion Weakens Well, the title...Read More
The business cycle has its stages, and they're usually both predictable and logical. For example, governments tend to generate a lot of tax revenue late in an expansion as more people get jobs and start paying income taxes and rising stock prices generate big capital gains. Meanwhile, less has to be spent on social safety net programs because everyone is working. Combine higher tax revenues and...Read More
Gold finally broke below the triangle pattern and confirmed multiple medium-term bearish signals that we previously saw. Gold is the flagship metal of the precious metals sector, so the above is an important indication for the short term. However, the most important development for gold and silver investors happened somewhere else. USD's Breakout The USD Index broke above the declining short...Read More
- Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore- Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019- Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices- Global demand will be strong in 2019 a...Read More
COLORADO SPRINGS, Jan. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2018 year-end and fourth quarter mill production results. The Company produced approximately 26,838 gold ounces and 1,672,034 silver ounces for the 2018 year, which met its annual gold and silver production target ranges. Gold Res...Read More
Risk of a sustained Chinese slowdown is higher after the Chinese president stressed the need to maintain political stability. Jobs are the key to every nation. Increase in joblessness will create political issues in communist China. Industrial metals can fall first or the pace of rise will reduce after comments from the Chinese president. The Chinese have started/intend to start a massive infras...Read More
Running out of gimmicks to goose 'earnings' growth. So, did the nauseating last few months of 2018 signal the end of the secular bull market? Or is the rebound that kicked-off 2019 a sign that the uptrend is still intact? Or it is just a dead-cat bounce?Lance Roberts, chief investment strategist and chief editor of Real Investment Advice, returns to the podcast with fresh data that suggests the be...Read More
David Stockman appears on "Bloomberg Markets: Balance of Power" (Bloomberg, Jan. 22, 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 Corn...Read More
"As inflation starts to erode their purchasing power, more and more people are going to want to wake up to the benefits of owning gold," Schiff told Kitco News on the sidelines of the Vancouver Resource Investment Conference.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategi...Read More
What an insanely confusing time for investors - central banks are carrying out unprecedented counterfeiting operations, governments have crushed any semblance of free markets, and entire countries have become 'zombified' as a result. We have bubbles in stocks, real estate and bonds - with massive levels of corporate debt waiting like a time bomb. In this omnibus presentation, Michael Maloney expla...Read More
Ray Dalio, Bridgewater founder and co-chairman, joins "Squawk Box" at the World Economic Forum at Davos to discuss the state of the world economy, the role of the central bank, and the the upcoming 2020 election's impact on the economy.Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on t...Read More
Max interviews Craig Hemke of TFMetalsReport.com about Zell's gold play and why precious metals markets in 2019 look a whole lot like 2010.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Max Keiser is an American broadcaster and film-...Read More
Video capturing the heartbreaking moment when a two-year-old #toddler got out of her father's car and walked towards gun-wielding #police when her hands raised spread like wildfire on social media. Immediate reactions to the footage berated the police for "holding the gun at the baby." #Tallahassee Police were forced to release bodycam footage of the incident in a bid to calm public fears that pol...Read More
Danielle was always skeptical of the seemingly perpetual bull market in stocks and in fact wisely advised taking money off the table, to avoid the inevitable down cycle. Today, stocks are retreating from their 50 day moving average, another indication that the bear market has finally arrived. We'll know more over the next month, if stocks break their December lows. It will be further confirmation...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
The business cycle has its stages, and they're usually both predictable and logical. For example, governments tend to generate a lot of tax revenue late in an expansion as moreContinue...Read More