Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal? Only One Notch Above Being Junk Italian drama continues. On Friday, Moody's, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
- Gold rallied "as stocks retreated" and "market risk became more systemic"- As stock sell-off became systemic globally, gold rose meaningfully - World Gold Council- IMF Global Financial Stability report highlights an increase in level of risk among multiple global metrics - WGC Investment Update*Happy 15th Birthday GoldCore*via Gold.orgThe latest IMF Global Financial Stability report (release...Read More
By Avi GilburtI have now been a contributor at Seeking Alpha for seven years, during which time I have written for approximately six years, as I took a one-year hiatus. And, during that time, I have had the honor of penning almost 400 articles.During the six years I have been actively writing on Seeking Alpha, 30,000 of you have trusted me enough to begin following my work, as I just hit the 30,...Read More
Anyone hoping Treasury rates will ease, cutting stock-market bulls some slack, must first reckon with the chart shown (see inset). It implies that a significant rise in yields on the 30-Year Bond is coming, and that they will hit 3.59% before borrowers get any relief. If this occurs as appears likely, 30-year mortgages will be pushing above 5%, causing an already shaky housing sector to implode,...Read More
By Frank HolmesHungary isn't known today as one of the world's top gold producing countries. There was a time, though, when it accounted for around three-quarters of Europe's entire output of the yellow metal, if you can believe it. According to historian Peter Sugar's A History of Hungary, the central European country was a "veritable El Dorado" in the 14th century, and its gold pieces circulat...Read More
By Ira EpsteinGold pulls back a bit but still looks on bullish footing.https://www.iraepstein.com/ Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. 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, BusinessWeek, Tim...Read More
"The media has more power than all three branches of government...somebody has to hold them accountable."Read More
Stop providing billions of dollars to Afghan security forces if those forces are sexually abusing young boys. Seems like a pretty reasonable idea... and yet that effort was blocked in the U.S. Senate.Who would continue to provide billions of dollars to security forces when it has been proven that those forces keep young boys as sex slaves?Read More
The murder of journalist Jamal Khashoggi at the Saudi Consulate in Istanbul hasn't stopped the kingdom in signing $50 billion worth of dealsContinue...Read More
One day after Italy responded to the EU's critical reception of Rome's budget proposal, all eyes were back on Brussels which some feared may implement the unprecedented Continue...Read More
Gold rallied on Tuesday, hitting a three-month high and trading above the key $1,240 an ounce levelContinue...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
By Ira EpsteinGold breaks out of bullish pennant formation.https://www.iraepstein.com/ Read More
By Craig HemkeThe price action in palladium is eerily reminiscent of early 2001, and this could have major implications for gold and silver in the months ahead. Back in 2001, the price of palladium spiked to highs above $1100/ounce. At the time, major physical palladium shortages appeared and tremendous strain was put upon the LBMA palladium market in London. Lease rates soared, and it appeared...Read More
Source: Michael Ballanger for Streetwise Reports 10/22/2018 Sector expert Michael Ballanger explores the impacts of several historic market crashes. -->Q: How do you get your broker out of a tree?A: Cut the rope. Common joke from October 1987It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation...Read More
Source: Maurice Jackson for Streetwise Reports 10/22/2018 Brien Lundin, publisher of Gold Newsletter, sat down with Maurice Jackson of Proven and Probable to discuss precious metals and their relationship with recent Fed actions and the dollar. -->Maurice Jackson: Joining us for a conversation is Brien Lundin, the president of Jefferson Financial, helping to protect your world.Please tell u...Read More
Graceland UpdatesBy Stewart Thomson 1. Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?2. For the likely answer to that interesting and potentially enriching question, please click here now. Double-click to enlarge this daily gold chart.3. Gold has formed an important double bottom pattern. After an initial breakout to...Read More