Michelle Girard, NatWest Markets chief U.S. economist, discusses housing starts and jobless claims.Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed Thursday.Highlights of Housing Starts (December)Residential starts fell 8.2% to a 1.19m annualized rate (est...Read More
Metal tends to rise January and February before Lunar New YearPrice hitched to dollar, strongest correlation since 2012Gold Soars as Crypto Currencies PlungeGold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its 6.6 percen...Read More
Treasury yields jump above 2.6% for the first time since MarchDollar drops with oil, copper rises on metals strength Amid the threat of rising yields "you can hedge that risk and try to hide," says Alberto Gallo of Algebris.U.S. stocks dipped one day after racing to all-time highs. The yield on 10-year Treasuries climbed above 2.6 percent for the first time since March, while the dollar failed to...Read More
The pot stakes just got higher. $132 billion higher, to be precise.A just-released study from New Frontier Data shows that legalizing marijuana at the federal level would create $132 billion in federal tax revenue and 1 million jobs.That's not even counting state and local tax revenues.Or the economic growth created by adding a million more jobs across the entire marijuana supply chain.No matter w...Read More
Bitcoin broke below $10,000 during a wild trading session yesterday, briefly sending the king of cryptos 50% below its December highs. That's crash territory, folks…But bitcoin speculators didn't capitulate. A new buying frenzy helped bitcoin recover most of its losses by the late afternoon. As of early this morning, one bitcoin fetched almost $12,000."The gyrations took the digital token ac...Read More
Are you wondering why oil is off to such a rousing start in 2018?Look no further than the chart below:This chart depicts where the level of oil in storage at Cushing, OK stands relative to the trailing five year average.You can see in early 2015 how that inventory quickly ramped up as OPEC increased production into an already oversupplied market — bearish for oil prices.You can also see just...Read More
CloseGain/LossOn WeekGold $1332.20+$5.90-0.43%Silver$17.02+$0.08-1.28%XAU87.97+0.46%-1.28%HUI196.93+0.20%-2.19%GDM662.24-0.01%-1.21%JSE Gold1297.69-11.87-2.53%USD90.67+0.15-0.31%Euro122.19-0.22+0.11%Yen90.42+0.26+0.43%Oil$63.37-$0.58-1.45%10-Year2.661%+0.041+4.43%Bond148.59375-0.84375-1.25%Dow26071.72+0.21%+1.04%Nasdaq7336.38+0.55%+1.04%S&P2810.30+0.44%+0.86% The Metals: Gold gained $11.60...Read More
By Ira EpsteinGold waits to see how Dollar reacts to whatever happens over government funding issue.https://www.iraepstein.com/ Read More
Click Here to Listen to the Interview - *the interview begins at 06:18Jim examines what the next financial crisis will look like and how it will be different from previous panics, gives us his outlook for gold and the key drivers for the yellow metal in part one of a tremendous two-part interview.Click Here to Listen to the Interview - *the interview begins at 06:18Jim Rickards is a lawyer, inve...Read More
By Gary TanashianAs symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve's flattening trend (Amigo 3).When our zany friends complete the journey, big changes are likely in the macro markets.Let's take a c...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
By Ronan Manlyhttps://www.bullionstar.com/Recently, Russian television network RT extensively quoted me in a series of articles about the US Government's gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody o...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort301,86390,15273,170158,202390,709533,235554,031Change from Prior Reporting Period 12,7024,2793,9008,10320,33924,70528,518Traders19091904457270206 Small Speculators LongShortOpen Interest 49,09828,302582,333 2,173-1,64026,878 non reportable positionsChange from the previous report...Read More
As a general rule, the most successful man in life is the man who has the best informationBy Richard (Rick) Mills Gold is climbing as bond yields rise and the dollar falls, over speculation that China is pulling back on buying US Treasuries and Japan signals it is winding down its quantitative easing program. Meanwhile, US debt continues to grow after the Republicans under President Trump pushe...Read More
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence (Part 1) Key Sector Bubbles Bursting and Mega-Moves Up in others are our forecast for 2018 and we expect the Bursting and one Mega-Spike UP to begin very soon. (See our latest Alerts and Letters for our Specific Fo...Read More
"Jim Comey is among William & Mary's most distinguished alumni. He understands to the core of his being that our leaders must have an abiding commitment to ethical behavior and Continue...Read More
By Dave KranzlerPeople who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth. - Jesse LivermoreBoeing's stock has gone parabolic. It's doubled since April 2017:The stock now trades at a 31x PE ratio, for whatever that's worse. I'm sure if I went through the numbers closely, I could find numerous accounting manipulations which added...Read More
Continue...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...Read More
Gold is climbing as bond yields rise andthe dollar falls, over speculation that China is pulling back on buying USTreasuries and Japan signals it is winding down its quantitative easingprogram. Meanwhile, US debt continues to grow after the Republicans underPresident Trump pusheda trillion dollars worth of tax cuts through the Senate, that the Congressional Budget Office thinks will add$1.7 trilli...Read More