The recent stock-marketselloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of aquick rebound higher is strangling euphoric sentiment, spawningself-reinforcing selling pressure. Scoffedat a few months ago, the notions that a young bear market is underway and arecession looms are gaining traction. The great beneficiary of this ominou...Read More
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"If I was a poor guy or a rich guy who wanted to preserve his purchasing power, I would be buying physical gold and silver, and mostly gold."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....Read More
The apocalyptic fires that hit California last month have left observers scratching their heads and wondering how destruction on that scale could be possible - and how Continue...Read More
Andrew C. McCarthy is a senior fellow at the National Review Institute and a contributing editor of National Review. @andrewcmccarthyContinue...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
The Canadian company has a roughly 70,000-meter drill program planned for 2019. Brucejack Exploration Summer 2018Pretium Resources Inc. (PVG:TSX; PVG:NYSE) provided an update, in a news release, on 2018 exploration activities at its Bowser claims in British Columbia and outlined 2019 follow-up plans for that area and the Valley of the Kings. Recent exploration efforts included 8,000 meters of dri...Read More
Results continue to become available from this year's exploration program. Lithoquest Diamonds Inc. (LDI:TSX.V; CWVWF.OTCPK) announced in a news release that an octahedral microdiamond and numerous kimberlite indicator minerals (KIMs) were recovered during the 2018 field program at its North Kimberley project in Western Australia.As part of the recently completed campaign, Lithoquest obtained 22...Read More
Once again we bear grim news...Millions of Americans may have to delay retirement for years - if not permanently.Like a squirrel that hasn't saved against approaching winter... 80% of American workers have under one year's salary salted away for retirement.This we learn from a recent report issuing from the National Institute on Retirement Security.We are further informed that over 100 million wor...Read More
- As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves- No date given for removal of "commercially sensitive" gold reserves from Bank of England vaults- Bank of England vaults in London believed to hold almost EUR200 million of Irish gold- Ireland's financial system & economy is hugely exposed to a Brexit downturnvia Irish Independen...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
OPEC production cuts helped oil futures rack up a healthy gain for the weekStocks fell across the board today, with losses deepening as the session continued. Futures came off their lows ahead of the open after the November jobs report showed continued expansion in the labor market and wage growth, but the monthly gains were ultimately shy of expectations. Meanwhile, following Thursday's Huawei-dr...Read More
President Donald Trump signs a temporary spending bill into law, delaying a government shutdown deadline. The government will stay open through Dec. 21, setting up a Christmastime fight over the president's proposed border wall. Jacob Pramuk| @jacobpramukPublished 9 Hours AgoCNBC.com Saul Loeb | AFP | Getty ImagesPresident Donald Trump gives a thumbs-up as he speaks to the press as he walks to...Read More
All three indexes are staring at steep weekly lossesIt was a brutal start to December for the stock market, as icy trade relations with China were once again at the forefront of market activity. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all heading toward steep weekly losses, despite starting the week off hot amid the U.S.-China trade truce. The m...Read More
Sentiment got way too dire on W stock after earningsWayfair Inc (NYSE:W) gapped drastically lower on Nov. 1, as traders reacted to a quarterly earnings report that had the online furnishings retailer reporting a wider-than-forecast per-share loss, even as revenue topped expectations.The dire reaction to Wayfair's financial results is perhaps most concisely summarized by a Wall Street Journal artic...Read More
• Dismal headline NFP print prompts some USD selling and provides a lift. • Risk-on mood/goodish pickup in the US bond yields seemed to cap gains. Gold trimmed a part of the post-NFP spike, though remains within striking distance of fresh five-month tops touched in the last hour. The US Dollar held on the defensive, rather lost some additional g...Read More
Let's look at the chart below. As one can see, the greenback has been in a bull market since February 2018. Yup, the chart does not lie. The US Congress widened the fiscal deficit, while President Trump engaged in trade disputes. But despite these disturbing developments for long-run economic health, the broad trade weighted US dollar index increased from 115 to almost 130 now. But why –...Read More
The DJT is pacing for its biggest weekly loss in over seven yearsTransports have taken a hit during this week's broad-market sell-off, with the Dow Jones Transportation Average (DJT) pacing for its biggest weekly loss since August 2011-- down 7.9% so far. This pullback may have created attractive entry points for some names, with DJT component Union Pacific Corporation (NYSE:UNP) in particular fla...Read More
Gold futures settled Friday at their highest since July, logging their biggest weekly gain since August following market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar. Gold for February delivery GCG9, +0.84% on Comex rose $9, or 0.7%, to settle at $1,252.60 an ounce. For the week, gold was up 2.2%, which was the biggest such gain since a 2.5% rise in the week...Read More
Gold futures settled Friday at their highest since July, logging their biggest weekly gain since August following market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar. Gold for February delivery GCG9, +0.84% on Comex rose $9, or 0.7%, to settle at $1,252.60 an ounce. For the week, gold was up 2.2%, which was the biggest such gain since a 2.5% rise in the week...Read More