Click Here to Listen to the InterviewBill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bi...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Continue...Read More
Jan 13, 2018 Guest(s): Robert Kiyosaki Fiat money will lose its significance to precious metals and cryptocurrencies in the coming decades, said Robert Kiyosaki, best selling author of "Rich Dad Poor Dad" and his latest book "Why The Rich Are Getting Richer."A self-proclaimed gold bug, Kiyosaki is one of the few investors to be bullish on both Bitcoin and gold. In an exclusive interview with Ki...Read More
Jan 15, 2018 Guest(s): Paul Mladjenovic Author, Precious Metals Investing For Dummies Stock markets are at an all-time high despite overstretched valuations, but one best-selling author sees more upside in equities.Paul Mladjenovic, author of "Stock Investing For Dummies" and "Precious Metals Investing For Dummies," told Kitco News that recent political reforms in the U.S. could still create tai...Read More
Jan 15, 2018 Guest(s): Gerald Celente Publisher, The Trends Journal A new paradigm shift in support of cryptocurrencies means the world is going digital, says Gerald Celente, publisher of the Trends Journal.In an interview with Kitco News, Celente said that digital currencies like bitcoin will continue to gain popularity because people have lost faith in fiat currencies."It's a populist generati...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”and then on Jan. 7, in NFTRH 481:“What HUI actually did was immedia...Read More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort289,16185,87369,270150,099370,370508,530525,513Change from Prior Reporting Period 47,7337,7139,222-5,00537,66651,95054,601Traders17990854554263194 Small Speculators LongShortOpen Interest 46,92529,942555,455 2,77412354,724 non reportable positionsChange from the previous reportin...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
Happy Lohri, Makar Sankranti and Pongal to everyoneMonday US markets are closed. Traders will take positions for Tuesday. The hawkish European central bank meeting also supported gold prices. Next week, the Federal Reserve Beige book and US housing numbers will affect metals as well as currency markets. Traders expect a strong growth view from the Federal Reserve. If consumer price index numbers...Read More
Source: Clive Maund for Streetwise Reports 01/11/2018Technical analyst Clive Maund discusses why he believes a massive new sector bull market is about to begin in gold and silver.When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the "everything bubble" getting closer to bursting, leading to universal mess and mayhem, there could n...Read More
Jan 13 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS15-Jan Netherlands DTC auction15-Jan NorwayAuction of Treasury bills16-Jan Japan Auction of 5-year government bonds16-Jan Spain Auction of 6- and 12-month Treasury bills17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 3...Read More
Jan 13 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 15LONDON - Bank of England Economist Silvana Tenreyro speaks on "The Fall i...Read More
(Adds comments, background)By Ann SaphirJan 12 (Reuters) - The recent drop in U.S. unemployment could spark a surge in inflation that, given the Federal Reserve's current policy framework, could trigger interest-rate hikes that bring on a recession, Boston Federal Reserve President Eric Rosengren warned on Friday."I'm disagreeing with that framework," Rosengren said at the Global Interd...Read More
* Euro surges on ECB tapering hopes; sterling up* Wall St hits record highs on earnings optimism, data* U.S. yields up on inflation, 2-year highest since 2008 crisis* Oil prices rise for a sixth day (Updates with U.S. markets' closing levels)By Caroline ValetkevitchNEW YORK, Jan 12 (Reuters) - The U.S. dollar fell to a more than three-year low against the euro on Friday, extending recent losses on...Read More
(Repeats with no change to headline or text)By Bruno FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk te...Read More
(Updates prices, adds details on Mexican peso)By Bruno and FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into j...Read More
(Adds details, comments, table, byline)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spe...Read More
(Adds details, comment on marijuana stocks, updates prices to close)* TSX ends up 21.24 points, or 0.13 percent, at 16,308.18* Six of the TSX's 10 main groups move lower* Index slips 0.25 percent on week TORONTO, Jan 12 (Reuters) - Canadian lumber companies and gold miners gained and the country's biggest marijuana producers fell sharply on Friday, leaving the main Toronto equity index slightly...Read More
U.S. stocks have done it again, extending their quest for record highs. Well-received bank earnings drove stocks higher, led by JPMorgan Chase (JPM). In addition, traders applauded solid retail sales data, with holiday spending surging by the most since 2005, according to the National Retail Federation. Against this backdrop, the Dow enjoyed a second straight gain of more than 200 points, and has...Read More