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 history, we are convinced that p...Read More
Markets 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 not allow those sa...Read More
You know I’ve been fighting the gold bugs for a longtime. Gold is an inflation hedge, not a deflation hedge. Turn togold for safety during a deflationary period and you’ll get your ass handed toyou on a golden platter!Gold is simply another commodity and it burst in the 30-yearcycle top between 2008 and 2011, just like it did after the 1980 top.But my bubble model projec...Read More
Powell is apparently between a rock and a hard place.Inflation surged, while the global economy slowed down. What will he do? Andhow will gold react?InflationJumps in OctoberThe consumer price index climbed 0.3 percent last month,after rising 0.1 percent in September, according to the U.S.Bureau of Labor Statistics. It was thebiggest rise since January, and it was mainly caused by an impressive su...Read More
This is a replay of SchiffGold's CEO Peter Schiff's RT Interview published on November 21, 2018.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 of...Read More
Illegal gold mining is reaching new record highs in Venezuela as their currency collapsesContinue...Read More
(Kitco News) - With bitcoin now below $4,600, U.S. regulators are reportedly expanding their investigation into cryptocurrencies to see whether last year’s massive bitcoin rally was triggered by market manipulation.At the centre of the investigation is an allegation that traders used tether — another cryptocurrency — to control bitcoin’s price during its unprecedented rally...Read More
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to...Read More
Gold and silver are steady. There is good demand for physical gold in China and ASEAN nations. Prices of gold and silver are low in Asia due to a stronger currency against the US dollar. People are taking advantage of stronger currency to buy gold. There will be sudden one way moves in bullion anytime till Friday. Asian markets and Asian traders do not sleep on US holidays. Silver demand is supe...Read More
This morning, the U.S. dollar traded slightly lower to a critical support level at 95.90 before recovering, gathering steam, and moving to much higher ground. As of 5:00 PM Eastern standard time, the dollar index is currently up almost 7/10% (+ 0.639 points) and fixed at 96.705.Dollar strength has taken away the modest gains seen as market participants bid gold prices modestly higher today. Today&...Read More
OTTAWA (Reuters) - The Bank of Canada will review its monetary policies and is open to making major changes, including a move away from its long-standing practice of targeting inflation, a senior official said on Tuesday.The deadline for the review is late 2021, when the central bank is due to renew its five-year inflation control agreement with the federal government. The inflation target has bee...Read More
MONTREAL (Reuters) - Canada’s Bombardier Inc (BBDb.TO) is the front-runner to win a New Jersey Transit (NJT) rail car contract, two sources familiar with the matter said, in a boost for the plane-and-train-maker’s North American business which has wrestled with delivery delays and has lost orders to rivals.The order for up to 999 multilevel passenger cars, including options, would be o...Read More
Ms. Akiko Levinson reportsIRVING RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENTIrving Resources Inc. intends to conduct a non-brokered private placement to raise approximately $2,083,000 by the issuance of approximately 1,894,000 units at a price of $1.10 per unit. Each unit will comprise one common share of the company and one-half of a share purchase warrant. Each whole warrant will be exerc...Read More
Price was able to bounce back above $1,200 last week.This is significant in the grander scheme of things.Our research still favors the bullish side.I uploaded a video on my blog a few weeks ago and went over the case for $1,200 holding on gold. Well, gold actually went lower on the 13th of this month although price quickly rebounded, thereafter, above the $1,200 psychological mark. The yellow meta...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 20, 2018.Number of shares: 7,315,000 shares Purchase price: five cents per share Warrants: 7,315,000 share purchase warrants to purchase 7,315,000 sharesWarrant initial exercise price: 10 centsWarrant term to expiry: one year Number of placees: 24 placees Insid...Read More
Target earnings weighed down the retail sectorThe Dow plunged more than 550 points today, completely erasing its 2018 gains, with all 30 stocks ending lower. Apple (AAPL)took yet another beating, with most other FAANG stocks following suit. The retail sector was another major culprit of today's losses, with several notable names reporting disappointing earnings, including Target (TGT). Energy stoc...Read More
London has for the first time raised the veil on the size of its centuries-old gold market. The daily average of $36.9 billion in bullion moving in and out of London's over-the-counter market is just shy of the amount traded in New York, a new data release Tuesday showed. The London Bullion Market Association said its members - which include large banks such as HSBCHSBC, -0.31% and JPMorganJPM,...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
The precious metal broker, GoldCore, has opened a new storage facility in Dublin.The firm expects gold investors to move physical holdings out of London.After years of secrecy, London revealed the extent of its gold market on Tuesday.David Reid| @cnbcdavyPublished 10:20AM ET Tue, 20 Nov 2018Updated16 Hours AgoCNBC.com Waldo Swiegers | Bloomberg | Getty ImagesA worker lifts a gold bullion bar fr...Read More
The precious metal broker, GoldCore, has opened a new storage facility in Dublin.The firm expects gold investors to move physical holdings out of London.After years of secrecy, London revealed the extent of its gold market on Tuesday.David Reid| @cnbcdavyPublished 10:20AM ET Tue, 20 Nov 2018Updated16 Hours AgoCNBC.com Waldo Swiegers | Bloomberg | Getty ImagesA worker lifts a gold bullion bar fr...Read More