Getty ImagesPresident Donald Trump warned of a 'very long' shutdown and tried to pin blame on Democrats after previously saying he'd be 'proud' to shutter parts of the government over border security. The federal government partially shut down for the third time this year early Saturday as lawmakers in Washington continued to wrangle over funding for President Donald Trump's proposed border wall....Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
The two-year rally in industrial metal prices came to an abrupt end at the start of June, writes Andy Home in Reuters Inside Commodities.The London Metal Exchange Index, a basket of the LME's major base metal contracts, hit a three-year high of 3499.6 in the first week of that month.Prices then imploded over the ensuing weeks and the blood-bath has continued ever since. The Index stood at 2845.5 a...Read More
Adam HamiltonArchivesDec 21, 2018 The dovish Federal Reserve lit a fire under gold and its miners' stocks this week. As universally expected the FOMC hiked rates for the 9th time in this cycle. But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking that wasn't dovish enough. But market reactions to the FOMC form over a couple days,...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
"I think it's fair to say Americans will remain on the ground after the physical defeat of the caliphate, until we have the pieces in place to ensure that that defeat is enduring."Continue...Read More
A BMO Capital Markets report presented the terms of the transaction and related financing. Pretium's Brucejack MineIn a Dec. 18, 2018, research note, BMO Capital Markets analyst Andrew Kaip reported that Pretium Resources Inc. (PVG:TSX; PVG:NYSE) bought back the 8% gold and silver stream on the Brucejack mine for US$237 million and refinanced the company's existing construction credit facility, b...Read More
James Pettit, CEO of Aben Resources talks with Maurice Jackson of Proven and Probable about his company's summer drill program in the Golden Triangle, as well as projects in the Yukon and Saskatchewan. Maurice Jackson: Welcome to Proven and Probable. I'm your host, Maurice Jackson. Joining us today is James Pettit, the president, CEO and director of Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). M...Read More
As we’ve been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising US Dollar.The past 65 years of history shows us that in almost any context (but not all) the time betwe...Read More
Sector expert Michael Ballanger examines the effects of the Federal Reserve Bank interest rate increase and plans for 2019. "Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves."Here are a couple of facts one needs to remember when attempting to decipher yesterday's Federal Open Market Committee (FOMC) announcement and pres...Read More
The dovish FederalReserve lit a fire under gold and its miners’ stocks this week. As universally expected the FOMC hiked ratesfor the 9th time in this cycle. But it alsolowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking thatwasn’t dovish enough. But marketreactions to the FOMC form over a couple days, an...Read More
Full Report: The Gold Bulls Just Regained the Upper Hand By: Frank HolmesCommodity traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of net positive contracts since July, according to Commodity...Read More
The Dow Jones Industrial Average fell 799 points at the beginning of this month, just one day after a truce between U.S. President Donald Trump and Chinese President Xi Jinping on their trade dispute following weekend talks in Argentina. And we've seen more turbulence and runoff throughout the month. Do you know why? Because investor optimism over a resolution faded.Trump himself warned he would r...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Gold broke above the $1250 supply level on Wednesday ahead of the Fed's interest rate rise this week but was then sold down on the Continue...Read More
The Dow Jones Industrial Average fell 799 points at the beginning of this month, just one day after a truce between U.S. President Donald Trump and Chinese President Xi Jinping Continue...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort182,168106,20853,411132,148224,823367,727384,442Change from Prior Reporting Period 12,568-2,893310-2,13713,17010,74110,587Traders17079694949247173 Small Speculators (C) GoldSeek.com LongShortOpen Interest 44,75828,043412,485 -506-35210,235 non reportable positionsChange from t...Read More
Just one request, please do not trade while drunk during the vacations. Merry Christmas. Enjoy the present and forget the past.Gold needs a close over $1260 and silver needs a close over $1490 today to zoom next week. Volumes will be there from Asia. Trading volumes will be down next week but not zero. Holiday goers will enjoy as petrol/diesel prices are low. The current market situation is that...Read More
Stocks initially surged and bonds sold off, as New York Fed President John Williams indicated on CNBC that the Fed would be flexible and could consider changing policy if the economy or financial conditions warrant.Williams took a step toward undoing the blunt blow to markets delivered by Fed Chairman Jerome Powell when he said the Fed was happy to maintain its balance sheet reduction on "autopilo...Read More