Passage of the spending packages will not move Congress closer to reopening nine unfunded federal departments for now. One bill passed by the House would fund eight closed U.S. departments through Sept. 30. The other would reopen the Department of Homeland Security through Feb. 8.Jacob Pramuk| @jacobpramukPublished 22 Hours AgoUpdated5 Hours AgoCNBC.com show chapters Democratic-led House passes...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More
By David Brady, CFAJust as Neo flexed his muscles upon learning he is "The One" and took out Agent Smith at the finale of The Matrix , Gold is now letting fiat currencies know who is really in charge. Many take credit for anticipating Gold's ascent from the lows in August, and yet they cite all of the wrong reasons for its appreciation: peak DXY, peak USD/JPY, falling real yields, speculative bu...Read More
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More
The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on...Read More
By Jeff DesjardinsWe're only a few days into 2019, but it appears markets have picked up exactly where they left off.There is growing uncertainty and volatility almost everywhere, and individual events are starting to become catalysts for sell-offs or rallies. Whether it's Apple's recent profit warning or Fed chair Jerome Powell saying that he is "listening closely" to the markets, investors are...Read More
By Harris KuppermanFrom time to time, the investment world takes something as accepted wisdom and just runs with it. For whatever reason, investors seem convinced that the US Dollar is destined to go higher. I've heard lots of smart opinions why; interest rate differentials, GDP growth rate differentials, "The Dollar Milkshake Theory," "Prettiest Body in the Morgue" and the "Fear Trade." Over th...Read More
Precious metals markets are off to a strong start in 2019. Gold and silver both closed Thursday at multi-month highs as the stock market reversed sharply to the downside.Investors were disappointed by manufacturing data showing a slowdown in industrial output. They dumped economically sensitive stocks and bid the U.S. dollar lower on foreign currency exchanges. Markets now expect the Federal Res...Read More
By Marin KatusaOn Wednesday, January 2nd, CEO Tim Cook halted Apple stock and stated that the company's earnings would fall well short of analysts' expectations.A key reason behind the revenue miss was slowing Chinese demand.Tim Cook made the shortfall about the "trade wall" but he forgot to mention that iPhones aren't even a top 5 phone in China.Maybe Apple's overpriced products aren't what the...Read More
By Gary TanashianI was going to look around to see if I could find a media article out there (complete with a TA trying to sound really important) that would be appropriate to be made fun of in our little Men Who Stare at Charts series. But then I decided to create my own chart, stare at it a little, post it and talk about it (hopefully not too self-importantly).Introducing an all too busy long-...Read More
The extreme bearish CoT positions necessarily imply the turning point in the gold market. Myth or fact? We invite you to read our today's article about Comex positioning and find out whether futures will save gold. Usually, the Comex is seen by precious metals investors as the main public enemy. After all, it's a marketplace for all these short futures which allegedly suppress the gold price...Read More
- Gold over 6-month high at $1,300 on global slowdown fears- Bullion surges 5% in December and consolidates on gains this week- Gold surges to all time record highs in Australian dollars ($1,871)- Safe haven demand for safe havens as risk assets sold- Apple's poor outlook sees stocks fall; Markets now wagering on Fed rate cut- "2019 is already getting off to a volatile start and we expect to s...Read More
US December private ADP numbers suggest a firm economy. Traders reacted the other way as focus is on the US government shutdown and it's after affects. Certain Federal Reserve speakers suggest that interest rate hikes need to be stopped for the moment. Economic news is not affecting the markets in the first trading week of the year. Concerns over global slowdown has resulted in gold and silver...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
"We're still way overvalued."Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked o...Read More
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 recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More
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 established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
"Let this serve as more definitive proof that what we're saying is true, and that we're doing exactly as we promised you. Continue to keep the bitcoins flowing, and we'll continue to Continue...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More