Magdalene Altidor lost her home to foreclosure during the last financial meltdown, but she's ready to jump back into another subprime mortgage in 2018Continue...Read More
Continue...Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperfor...Read More
Oct 15, 2018 Guest(s): Alain Corbani Head of Commodities, Finance SA Alain Corbani, head of commodities at Finance SA, said that these two clues may hint at the next peak on gold. "At $1,200, gold mines are breaking even, so $1,200 is the bottom. That's the first answer I can give you. The second one is that usually the cycle peaks when the net margins of the industry exceed 25%," Corbani told K...Read More
Oct 15, 2018 Guest(s): Ivan Bebek Executive Chairman, Auryn Resources Miners and gold producers are at an optimal point in the cycle for investors looking to buy, this according to Ivan Bebek, executive chairman of Auryn Resources. "The opportunity in gold exploration, or gold companies in general, to buy them or invest in them in this low point, will never be seen for another decade," Bebek tol...Read More
Oct 15, 2018 Guest(s): Gerald Celente Publisher, The Trends Journal Destabilization around the world is showing signs with global currencies "collapsing," said Gerald Celente, publisher of the Trends Journal. "It's beyond Italy. It's going on in all the emerging markets and the developed nations," Celente told Kitco News. Celente said that the new Italian government is reflective of the broader...Read More
Tesla claims that all vehicle orders placed by October 15th will still be eliginble for the tax credit and delivered by December 31, 2018, Continue...Read More
People think investing is risky.When I was growing up, my poor dad believed this. Because he valued comfort and security, he felt that smart people got a good job and saved their money. He would say things like, "Do you think money grows on trees?" or "Do you think I'm made of money?"My rich dad, on the other hand, felt that my poor dad's plan was risky. He aspired to own his own businesses and to...Read More
Economist, investment banker, and author James Rickards discusses interest rates, the stock market, the US economy, precious metals, the risk of financial calamity, the future of the Fed and much more.*This interview was published on Oct 12, 2018Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist a...Read More
The Intercept reported an interesting story that I missed a few weeks ago. Surprisingly (lol), Google did not respond to a request for comment on this story.Continue...Read More
*This interview was first published on 10/12/18James Rickards discusses interest rates, the stock market, the US economy, precious metals, the risk of financial calamity, the future of the Fed and much more.Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department o...Read More
Gold has been quite a show overnight, rallying from the pivot on broad dollar weakness and in a sigh of relief from market participants on the back of the US PI data coming in below market expectations. Gold is currently resting up at $1,224.37 highs having travelled throughout the week so far from the depths of this weeks business down at $1,182. Headline CPI rose only slightly by 0.1% (0...Read More
NUSA DUA, Indonesia, Oct 12 (Reuters) - A seniorInternational Monetary Fund official said on Friday it was "tooearly" to talk about normalising monetary policy in Japan, as itwill take a long time to achieve the Bank of Japan's 2 percentinflation target"Do you think it's time for the Bank of Japan to exit easypolicy? The short answer is no," Odd Per Brekk, deputy directorof the...Read More
SYDNEY, Oct 12 (Reuters) - Australia's central bank on Friday laid out a laundry list of economic risks including falling home prices, high household debt, wide scale misconduct by banks and strains in global financial markets.In its 90-page Financial Stability Review, the Reserve Bank of Australia (RBA) emphasised the economy overall was improving but highlighted the threat from a housing slowdow...Read More
- Gold gains 2.5% as stock markets fall globally- EuroStoxx -2%, FTSE -1.9%, Nikkei -4%, Shanghai -5.3%- Gold, silver outperform all assets in stock market rout- Trump accuses Fed of going "crazy" by continuing to raise rates- Huge spike in VIX and volatility on deepening concerns of market correction or crash1 Day Relative Performance (Finviz)Gold has gained 2.5% today on safe-haven demand as...Read More
Over the last few days, we have seen market sentiment shift from an overall bullish demeanor in regard to U.S. equities to a bearish outlook. The Dow Jones Industrial Average has now lost over 5% in trading since Wednesday, with a net decline of over 1,300 points in just two days of trading. Following yesterday????s decline of over 800 points in the Dow, today traders continued their liquidation s...Read More
(Kitco News)- Gold finds its legs after the crush in global equity marketsyesterday. The rising yields with the uncertainty of the trade war with Chinabecame too much for equity investors and the herd headed for the exits. Thescenario suggests that it was a safe haven play, but generally when equitiescollapse the first move for gold is lower, as investors raise cash to meetmargin calls. This move...Read More
Bitcoin prices on Thursday finally broke out of a recent lull, dropping as much as 6% and putting the $6,000 level back in play. A single bitcoinBTCUSD, -0.27% was last going for $6,202.07, down 5.5% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange. Earlier in the session, the world's largest digital currency traded to an intraday low of $6,125.75, its lowest level since Sept. 19....Read More
Bitcoin prices on Thursday finally broke out of a recent lull, dropping as much as 6% and putting the $6,000 level back in play. A single bitcoinBTCUSD, -0.26% was last going for $6,202.07, down 5.5% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange. Earlier in the session, the world's largest digital currency traded to an intraday low of $6,125.75, its lowest level since Sept. 19....Read More
Volatile session ends in heavy losses for major equity benchmarksU.S. stocks swung between minor gains and massive losses in today's wildly volatile session. Traders were temporarily relieved by this morning's tame reading on consumer inflation -- but sentiment remained skittish after Wednesday's steep sell-off, particularly as President Donald Trump continued to criticize the Fed's policy-tighten...Read More
The world's central banks have been ramping their purchases of gold recently, including purchases by a few banks that have previously ignored gold.The United States continues to run an enormous deficit that shows no possibility of going down in the future.There are signs that foreign investors are no longer willing to keep financing this deficit, which could ultimately lead to money printing.D...Read More