U.S. equity futures extended declines Monday, while bond yields leaped to multi-year highs as investors prepped for a hectic week of earnings and economic data as well as the final policy meeting of the Federal Reserve under outgoing chairwoman Janet Yellen. Wall Street futures suggest a softer start to the Monday trading session, with contacts tied to the Dow Jones Industrial Average marke...Read More
Global government bond markets continued to sell-off Monday, taking U.S. Treasury yields to the highest level in four years amid renewed bets on faster inflation in the world's biggest economy and hawkish comments on growth and inflation from central bank officials in Europe. The bond market moves have clipped early gains for stocks and raised the spectre of a correction in inflation assumptions...Read More
I started in the Treasury bond business in 1985 after a 10-year career in commercial banking. I retired as a senior officer of Citibank that year at a relatively young age and made the move to Wall Street.My firm was Greenwich Capital Markets, one of a select group of "primary dealers" allowed to transact directly with the Federal Reserve. Monetary policy is conducted through open-market operation...Read More
The old signposts can no longer be trusted, we noted in Friday's reckoning.Like Nazi saboteurs redirecting road signs during the Battle of the Bulge, the Fed sent investors off in the wrong direction...After the crash of 2008, interest rates would have soared.Marginal companies dependent on low interest rates and cheap credit would have gone the way of all flesh.The pain of bankruptcy would have b...Read More
In 2009, the financial world was in full meltdown.Ironically, weeks before the S&P 500 bottomed at 666, the genesis for one of the biggest current trends in tech and finance kicked off.It happened when the first block of bitcoin, called the genesis block, was issued by its elusive inventor Satoshi Nakamoto.Months earlier, Nakamoto wrote a paper describing how a new digital currency could be us...Read More
Your strongest beliefs are tearing your portfolio apart.You're biased. You like Apple iPhones, Nike sneakers, and Shake Shack burgers. In your world, the quality and value of these brands are unmatched by the competition. Of course, this also means their respective share prices can only go higher.When you're emotionally attached to a company, it's easy to excuse a bad quarter, a botched product la...Read More
I'm getting sick and tired of the fake news popping up just about everywhere.Personally, I feel manipulated every time I read a story on what's happening in Washington. It happens on both the left and the right sides of the spectrum.No one is reporting the actual political story. Instead, it seems like every journalist is writing with the express intent to sway me towards their opinion of what is...Read More
It is now an article of faith…Pre-2008 markets were far more sensitive to negative shocks than today's.Because of the Federal Reserve's massive interventions since the crisis... today's markets are not nearly so sensitive to shocks.But is it true?Our own James Altucher once ran a fascinating study...He ransacked market history from WWII through the seismic events of Sept. 11, 2001.His purpos...Read More
The economy has been trapped in a one-step-forward, two-steps-back cycle.It has been an economy of false starts... false dawns... and false promises.Third-quarter 2017 GDP expanded at a 3.2% annualized rate - its best quarter in two years.One step forward.A Bloomberg survey of economists predicted another 3% annualized expansion for last year's final quarter.Another step forward, that is.As recent...Read More
Kinross Gold, the world's fourth-largest gold miner, owns nine producing mines worldwide.I estimate production for the 4Q'17 at around 630K Oz or a revenue of $810 million or down 2% sequentially.Kinross Gold presents an exciting potential for future growth with the Tasiast Phase I nearly completed. It is important to perceive any stock weakness as an opportunity to accumulate. Investment Thes...Read More
Gold RunAll That Glitters Is the Dollar's WeaknessThe metal's recent rise isn't about inflation rising or cryptocurrencies falling.By Marcus Ashworth@marcusashworthMore stories by Marcus AshworthRead More
Bob Moriarty ArchivesJan 30, 2018Investors love seeing companies pick up projects with giant potential in the tens of million ounces of gold and billions of pounds of copper, zinc or lead. Investors love big projects. They should hate them. They are a curse. Porphyriesandalkaline intrusivesystems can be humongous. CrippleCreek in Colorado is an alkaline intrusive system and was the source of over...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 30, 2018Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era”.The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easin...Read More
CloseGain/LossGold $1336.80-$5.20Silver$17.11-$0.07XAU86.56-1.03%HUI194.03-0.89%GDM656.14-1.09%JSE Gold1239.40-60.77USD89.23-0.13Euro123.97+0.14Yen91.97+0.06Oil$64.50-$1.0610-Year2.724%+0.033T-Bond147.34375-0.78125Dow26076.89-1.37%Nasdaq7402.48-0.86%S&P2822.43-1.09% The Metals: Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then...Read More
By Ira EpsteinGold and silver fall into support levels off of rising US interest rates and stock market correction.https://www.iraepstein.com/ Read More
Eric Griffin takes your top questions to ITM Trading's Chief Market Analyst Lynette Zang.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes st...Read More
Many are the metaphors used to describe the agent that initiates a major crisis. Light the fuse, or pull the trigger, pull the rug out from under the room, or pull on the string for unraveling the sweater, these are commonly heard. What comes soon is the Bonfire of the Vanities, a term the Jackass prefers since irony is thick. Hardly the burning of objects deemed as tempting toward occasions of...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Graceland Updates By Stewart Thomson 1. Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a "bull era".2. The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easing. There's an outside chance that bank deregulation is addressed, but tha...Read More
Gold and silver should see further appreciation in 2018 through 2020, said David Morgan of The Morgan Report. David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious...Read More