Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark?I Am the Fed Chair and I Know NothingOn November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed’s stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] would be...Read More
CloseGain/LossGold $1238.30+$0.10Silver$14.48-$0.04XAU66.35+0.28%HUI150.05+0.46%GDM547.61+0.20%JSE Gold1201.22+52.17USD96.74-0.26Euro113.86+0.46Yen88.79+0.05Oil$51.49-$1.4010-Year2.887%-0.025T-Bond143.5625-0.21875Dow24947.67-0.32%Nasdaq7188.26+0.42%S&P2695.95-0.15% The Metals: Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asi...Read More
CloseGain/LossGold $1238.30+$0.10Silver$14.48-$0.04XAU66.35+0.28%HUI150.05+0.46%GDM547.61+0.20%JSE Gold1201.22+52.17USD96.74-0.26Euro113.86+0.46Yen88.79+0.05Oil$51.49-$1.4010-Year2.887%-0.025T-Bond143.5625-0.21875Dow24947.67-0.32%Nasdaq7188.26+0.42%S&P2695.95-0.15% The Metals: Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asi...Read More
By Stefan GleasonThis week, a white metal reached a rare feat. Palladium has traded at a higher cost per ounce than gold.Last month, the palladium market pushed through all remaining technical barriers by posting a new all-time high. A chronic supply deficit now threatens to launch palladium prices into a super spike.Palladium Reaches Gold Price, Makes All-Time HighA true shortage of physical me...Read More
By Dave KranzlerIf the "risk on/risk off" stock market meme was absurd, its derivative - the "trade war on/trade war off" meme - is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump, Larry Kudlow or China, which are suggestive of the degree to which Trump and China are willing to negotiate a trade war settlement.Please d...Read More
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark? I Am the Fed Chair and I Know Nothing On November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed's stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] would b...Read More
The price of palladium just exceeded the price of gold for the first time in 16 years. That's an epic even. But what does it really mean? And why should gold, silver, and mining stock investors care about the small palladium market? In short, because this development can tell us something about the future performance of the PM sector in general. The last time the gold to palladium ratio was...Read More
December 6, 2018,Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce the execution of a definitive US$20,000,000 silver streaming agreement (the "Stream" or "Streaming Agreement") with Maverix Metals Inc. ("Maverix") and a concurrent fully funded private placement (the "Private Placement") for gross proce...Read More
- What are "Fake Markets" and will they lead to another global financial crisis? - What do fake markets mean for stock and bond market performance in the future? - Is this the right time to re-balance portfolios and hold more cash and gold?In episode 9 of the Goldnomics Podcast, Stephen Flood GoldCore CEO talks to Francesco Filia CEO of Fasanara Capital and regular contributor to CNBC about his...Read More
By Steve St. AngeloThe big question on the minds of most investors is what will happen to the markets and precious metals in 2019. Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy. If the oil price continues to decline, it will indicate a deflationary outcome for the economy and markets.While this sounds counter to the notion that falling oil...Read More
By Avi GilburtRecently, one of my members was in attendance at the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands went up.So, let me ask you a question: When was the last time the majority of economists correctly called for a recession? (I think...Read More
Lots and lots of US economic data releases are there today and till 14th December. Most traders believe that the trend of metals and the US dollar Index will be set after the release of US nonfarm payrolls tomorrow. I do not think so. Next week also there can be trend changing US economic data releases like retail sales and GDP numbers. Physical demand of silver is there in India and Asia. But q...Read More
When I was a young boy in elementary school, my rich dad was already putting ideas in my head about the differences between the rich, the poor, and the middle class.My rich dad would say, "If you want job security, follow your dad's advice" - my real father - "if you want to be rich, you need to follow my advice."Rich dad then went on to show me the difference between his investment plan and my da...Read More
Desperate times call for desperate measures.That is the justification for Canada’s most right-wing Province abandoning free market capitalism this week.On Sunday, the Alberta Government announced that it will be enforcing a mandatory production cut of 8.7 percent for all oil producers operating in the province.There is an exclusion for the really small operators, many of whom could be bankru...Read More
ELKO, Nevada, December 6, 2018 /PRNewswire/ --- U.S. Gold Corp. is approaching completion of a 6-hole, target-test, reverse circulation drilling program of approximately 10,000 feet (approx. 3,500m) - The drill program is testing a number of important target localities that were previously inaccessible because of permitting limitations - Drill samples are being sent to Bureau V...Read More
The already volatile stock markets were further spooked by the arrest of a Chinese tech mogul in Canada at the behest of the US government. Will markets continue to plunge and, if so, how low? Peter Schiff, CEO of Euro Pacific Capital, joins Rick Sanchez to share his insights and expertise Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/4-ris...In the most current Financial Stability Review by the ECB that list four key looming risks to financial stability, they are; Market sentiment might suddenly change (from positive to negative), Banks may lose their ability to finance the economy (as market deflation erodes reserves), Public and private debt may not be sustainable (...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...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
When I first wrote my best-selling book, An American Hedge Fund, several "financial experts" told me straight up that I was crazy.They didn't think average retail investors and traders would understand my niche strategy that, I'll admit, was definitely not "buy and hold."That is the mainstream's main investment strategy, a strategy that at best earns them 10% a year, maybe 20% in a truly exception...Read More