This year has seen a lot of volatility in the financial markets, Bitcoin, precious metals and other commodities. Frank Holmes, CEO and CIO of U.S. Global Investors, takes a look back on the lessons he has learned, and also looks ahead to what 2019 may bring.The Gold Report: Frank, thanks for joining us today. Let's start with what lessons you've learned from the markets in the past year. Frank Hol...Read More
There is a disconnection between paper and physical gold prices and the former has to catch up with the latter eventually. Myth or fact? We invite you to read our today’s article about demand for gold coins and bars and find out whether it will save the yellow metal. The best stories are about the conflict between good and evil, or light and dark. In the precious metals market, we also have...Read More
Featured GuestsBob Hoye & David MorganHappy Holidays - Merry Xmas & Happy New Year!Show HighlightsPart II of the discussion with the head of The Morgan Report includes an update on gold. The PMs sector remains at bargain levels, a relative value to virtually every competing asset class and core of every solid investment portfolio. Gold aficionados may be enjoy a sea-change in market sentiment in...Read More
By Jordan Roy-Byrne CMT, MFTA Although yours truly has yet to completely jump on the bull bandwagon (which has revved up recently), I cannot ignore the positive fundamental and technical developments for precious metals. On the fundamental side, the market is essentially pricing in no hikes for 2019 and the start of rate cuts in 2020. For Gold, that is a huge improvement from just a few months...Read More
29 December 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM By Ed Steer The gold price was up five dollars or by shortly after the London open on their Friday morning. It was sold a bit lower at that juncture, but began to creep higher shortly after London closed -- and gold finished the Friday session in New York, close to its ea...Read More
By John MauldinPowell Was Right but the Fed Is WrongTime for an Emergency Fed MeetingLiving on Island TimeQuick Shots from the FrontlineA winters day,In a deep and dark December..."Wait, it doesn't feel like winter. It's not deep and dark, and it's actually warm, and the sun is shining. Toto Shane, I don't think we're in Kansas Texas anymore."Yes, we have actually moved from Texas to a new locat...Read More
By Daniel R. Amerman, CFAThe "Plunge Protection Team" is the colloquial name for the Working Group on Financial Markets (WGFM). The Working Group was established by the executive order of President Reagan in 1988, in the aftermath of the stock market plunge of October, 1987. The group reports to the President, and the official members of the group include the Secretary of the Treasury, the chair...Read More
By David HaggithThe market's last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done!It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon, except that the middle of the afternoon doesn't fit the PPT's MO because the birthing-sized push didn't come in the...Read More
Let My Passion Create Your Wealth.I've Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a sma...Read More
Discussed in this interview:01:19 Why the Fed is slowing rate hikes?08:39 No real economic activity in last 10 years.12:02 End of rate hikes: impact of commodities & gold15:50 Yield curve inversion warning crisis ahead?20:54 Wealth concentrated in upper 10% of households.23:35 Government intervention preventing stock market meltdown28:14 Impact of a market crash on mining stocks.32:58 Chances of T...Read More
While even some of the most dogged bulls are throwing in the towel on their optimistic forecasts for the US (see Goldman taking the axe to its 2019 GDP forecast noted earlier), thereContinue...Read More
LONDON, 30 December 2018 - Comment from BullionVault today leads a tip to consider investing in gold from The Observer, Sunday newspaper of the UK's Guardian group."In the last four months the FTSE All-Share index has lost 12% of its value and the gold price has jumped 10%," writes economics editor Philip Inman, saying that these two figures "really show how nervous traders have become about" New...Read More
Goldman Sachs shaved its growth forecast for the first half of next year, from 2.4 percent to 2 percent, and said growth would slow to a virtual crawl below 2 percent in the second half.Nevertheless, the bank declared it was "still not particularly worried about a recession."Javier E. David| @TeflonGeekPublished 11:35AM ET Sat, 29 Dec 2018CNBC.com Bloomberg | Bloomberg | Getty ImagesA JetBlue A...Read More
I have never met anyone who likes losing money. And in all my years, I have never met a rich person who has never lost money.But I have met a lot of poor people who have never lost a dime-investing, that is.The fear of losing money is real.Everyone has it. Even the rich.But it's not the fear that is the problem. It's how you handle fear. It's how you handle losing. The primary difference between a...Read More
Adam HamiltonArchivesDec 28, 2018 Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in US history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and mounting political turmoil. Bears are dangerous events driving catastrophic losses for buy-and-hold inv...Read More
Max interviews Professor Steve Keen, author of "Debunking Economics", about the great unraveling of the Australian property market. Is it real this time? And what sort of government and central bank measures will be thrown at it to reflate the bubble?Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about fi...Read More
The entire problem of lowering interest rates to "stimulate" the economy demonstrates that central banks cannot really manage anything. This theory is based upon the idea that ifContinue...Read More
"Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!Continue...Read More
Continue...Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agr...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More