A recent MarketWatch article notes that:GE was one of Wall Street's major share buyback operators between 2015 and 2017; it repurchased $40 billion of shares at prices between $20 and $32. The share price is now $8.60, so the company has liquidated between $23 billion and $29 billion of its shareholders' money on this utterly futile activity alone. Since the highest net income recorded by the comp...Read More
Please Note: US markets are closed tomorrow for Thanksgiving and will close early on Friday. CloseGain/LossGold $1225.30+$2.90Silver$14.48+$0.16XAU67.20+3.12%HUI151.58+2.98%GDM551.76+2.35%JSE Gold1149.02+5.37USD96.73-0.08Euro113.84+0.16Yen88.76UNCHOil$54.63+$1.2010-Year3.059%+0.003T-Bond139.875-0.15625Dow24464.69-0.00%Nasdaq6972.25+0.92%S&P2649.93+0.30% The Metals: Gold saw slight losses...Read More
By Ira EpsteinMetals look good going into the close.https://www.iraepstein.com/ Read More
A recent MarketWatch article notes that:GE was one of Wall Street's major share buyback operators between 2015 and 2017; it repurchased $40 billion of shares at prices between $20 and $32. The share price is now $8.60, so the company has liquidated between $23 billion and $29 billion of its shareholders' money on this utterly futile activity alone. Since the highest net income recorded by the co...Read More
By Jordan Roy-Byrne CMT, MFTA It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms. You don't hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact. Because of our extensive study of h...Read More
By PlungerMr. Market the Great DeceiverMarkets are deceptive...but we all know that. Beyond deceptive, markets are actually down right diabolical. Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear. He has tasked Mr. Bull to climb and reach the top of the mountain using investors buying power to fuel the rise. But he has also instructed Mr. Bull to no...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
The Heart of the Matterby John Hussman of Hussman FundsLet's be clear. October's market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent "fast, furious, prone-to-failure" rebounds are among the factors that encourage investors...Read More
Gordon T. Long has been watching auto sales for quite some time. Debt keeps going up and now sales are declining. Corporate debt has escalated and it has become a giant equity to debt swap. It can't keep going the way it's going and it won't. According to Gordon it's all just a matter of timing. The Fed will have to reverse course and flood the system with liquidity once again. Daddy where do busi...Read More
Mass migration, the rise of anti-establishment politicians, and global cynicism can all be linked directly to The Great Recession of 2008. Nomi Prins joins Robert & Kim to discuss how central banks have rigged the economic system, and potentially made things worse ten years after the last financial crisis.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance boo...Read More
The words "snowmen" and "freshman" are no longer allowed. What's next?Read More
The U.S. and South Korea will scale down a major military exercise in 2019 in order to avoid setting back diplomacy over North Korea's nuclear weapons.Continue...Read More
"WikiLeaks, I love WikiLeaks," Trump said at a rally shortly before the election. "Boy, I love reading those WikiLeaks," he again stated just days before the vote.Continue...Read More
GE is just one of several hundred big companies with CEOs who now have to justify a massive, in some cases catastrophic waste of shareholder cash.Continue...Read More
Charles Hugh Smith, author/ proprietor of the popular blog OfTwoMinds.com, talks about the current economic climate and way so few Americans are unable to get ahead.Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May...Read More
Interest rates are at their highest levels in eight years, and that's having a profound impact on mortgage applications to refinance home loans Continue...Read More
Jeff Cox is the finance editor for CNBC.com where he manages coverage of the financial markets and Wall Street. His stories are routinely among the most-read items on Continue...Read More
"Such extensive travel therefore presents a reputation risk to the organization, especially [given] that UNEP is supposed to be the lead on sustainable environment matters," Continue...Read More
The new facility will serve multiple purposes. Lola comparison mapSRG Graphite Inc. (SRG:TSX.V) completed and opened its metallurgical laboratory near the Lola graphite deposit in Guinea, West Africa, it announced in a news release. According to the company, the metallurgical laboratory is equipped for basic graphite assaying via acid wash and the lost-on-ignition method. It contains a sample pr...Read More
A BMO Capital Markets report discussed the progress at this miner's Suriname assets. In a Nov. 13 research note, analyst Andrew Kaip reported highlights from a site tour to IAMGOLD Corp.'s (IMG:TSX; IAG:NYSE) Rosebel gold mine, which was limited due to a wildcat strike at the time. Kaip reviewed the recent and future improvements at the project, which has current reserves of 5.5 million ounces an...Read More