Jeff Berwick interviews author of 'The Creature from Jekyll Island, G Edward Griffin. Topics include: entertaining ideas without accepting them, the federal reserve, cryptocurrencies are a volatile emerging market, intrinsic value, getting outside the current financial system, the California fires, abnormal high temperatures, vaporized ceramics, aluminium deposits, a plan to get people out of the...Read More
Google employees discussed whether to censor conservative media outlets in the company's search results as a response to President Trump's victory in 2016.Continue...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
"This is an extraordinary phenomenon, and it gives us new, foundational knowledge of gold."Continue...Read More
Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Continue...Read More
As you may have heard, there has been mayhem in the crypto markets.For a while, it seemed like crypto markets were immune to the carnage in stock and bond markets around the world. In recent weeks, that has changed in a big way. After a period of sideways trading and low volatility, the crypto crash of 2018 resumed in full force.The cryptocurrency market as a whole shed nearly $95 billion in eleve...Read More
"One martini is alright," counseled the late James Thurber."Two is too many"… "and three is not enough."As with the martini, so with debt.Today we tell a woeful tale of substance abuse…Assume an economy in doldrums. Debt appears to offer a hand up.The initial dose of debt brightens the economic spirits, livens the pace of commerce, sets the idle machines of industry awhir.The customer...Read More
... GE and GM are both telling us the US economy is in huge troubleby Michael Snyder of The Economic Collapse BlogAmerica's twin economic "generals" are both in very deep trouble.General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But now it is drowning in so much debt that it may be forced into bankruptcy.General Motors was founded i...Read More
Any news of a deal between the USA and China on the trade war front will result in copper, zinc, lead, nickel and aluminum to rise five percent anytime. The Trump-Xi meeting is on Saturday. Before Saturday, all the speculation will move silver and industrial metals. How to trade in invest in 2019The year 2018 is not yet over. Each day till 31st December, a new economic data release or news/spe...Read More
Early investors could see a windfall as this invention unlocks $15.7 trillion in revenue.It's been called humanity's last invention...The "king of disrupters."And "the most important conversation of our time."Insiders are already predicting it will have a bigger economic impact than the steam engine, electricity and the internet...The World Economic Forum claims it will usher in the "4th industria...Read More
The yellow metal rose $10 in a few minutes boosted by a decline of the US dollar. Federal Reserve Chairman Powell mentioned the policy rate is just below neutral. Gold prices jumped following the release of Fed’s Chairman Powell speech that pushed the greenback sharply to the downside. The metal was moving in a small range between $1211 and $1215 and broke dramatically to the upside....Read More
Powell: Rates are "just below" neutralThe Dow spent the session in positive territory today, ending with a gain of more than 600 points -- its best day since March. The surge came after the much-anticipated speech from Fed Chair Jerome Powell, in which he indicated that the benchmark interest rate is "just below" neutral -- a far cry from his October statement of being a "long way" from neutral. M...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
Gold, silver and mining stocks declined in a quite visible way yesterday, which is in tune with our previous expectations. In the previous days it was only silver and miners that declined in a meaningful manner, but yesterday gold joined them, making this a sector-wide decline. Is this the groundbreaking decline that we have been writing about for so long? Time will tell, but the earth is already...Read More
The Commerce Department said new home sales dropped 8.9 percent to a seasonally adjusted annual rate of 544,000 units last month.New home sales in the South, which accounts for the bulk of transactions, declined 7.7 percent to their lowest level since July 2017.The median new house price in the U.S. fell 3.1 percent to $309,700 in October from a year ago.Published 10 Hours AgoUpdated7 Hours AgoReu...Read More
The Federal issues a cautionary note about risks to financial stability.It says trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats.Jeff Cox| @JeffCoxCNBCcomPublished 10 Hours AgoUpdated6 Hours AgoCNBC.com show chapters Financial systems are more resilient than before the crisis, says Fed financial stability report&nb...Read More
The management at Vancouver-based Pure Gold must be pleased with the results of test mining at the Madsen gold mine 16 km west of Red Lake.The test is complete having mucked 7,096 tonnes of mineralization from three separate stoping areas, and the results exceeded expectations by almost any criteria.Using a 4.0 g/t gold cut-off, the bulk sample had 46% more tonnes, an 8% higher gold grade, and an...Read More
Historically, December has been bad for shares of HAS and MATToy stocks are always in focus as the holiday season rolls in, and this year will mark the first without Toys 'R' Us after the company's bankruptcy earlier this year. What's more, toymakers Hasbro, Inc. (NASDAQ:HAS) and Mattel, Inc. (NASDAQ:MAT) are both flashing bearish signals heading into December, if history is any guide. Hasbro Stoc...Read More
The speculation has the car stock breaking out above a key levelThe Dow has shot up more than 500 points this afternoon, as Wall Street reacts to relatively dovish comments from Fed Chair Jerome Powell. Among individual stocks making big moves today are car rental name Hertz Global Holdings Inc (NYSE:HTZ), media giant Discovery, Inc. (NASDAQ:DISCA), and hydrogel specialist Alliqua Biomedical Inc (...Read More
Aurelius Minerals of Vancouver has exercised its option early to acquire a 100% interest in the Mikwam gold property 160 km northeast of Timmins. The company issued 1.5 million shares as share option payments to the former owner, ALX Uranium Corp.Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX, and the company retains a 5% net smelter royalty.This acquisiti...Read More