What are the real driving forces behind Bitcoin's volatile price? Why haven't gold & silver participated so far in this dramatic action? What are we most likely to see in 2018 for crypto-currencies vs. gold & silver? Will the central banks and governments be able to shut cryptos down? How can ordinary people position themselves to survive and thrive in the transition from our risky debt-bubble to...Read More
By now you know that my swing trading approach is to focus on the 5-6 Month Intermediate Cycle Low (ICL) to establish positions.It seem’s that everything that I track has the 5-6 month low to low cycle.Sometimes the ICLs come sooner at 4 months or later at 7+ months but the average is 5-6 months.Everything also has a Yearly Cycle Low (YCL) which is nothing more than two 5-6 mont ICLs. Cycles...Read More
Bullish commodity traders and investors in the likes of oil and gold also saw positive returns for the year as Oil ended at a strong high of $60 and Gold at $1310 both inline with my bullish expectations for these commodities for 2017. Gold had a bumpy but positive year, ending at $1310, up a healthy $160 pr 14% on the year which is inline with my bullish expectations for the precious metal. In fa...Read More
Bullish commodity traders and investors in the likes of oil and gold also saw positive returns for the year as Oil ended at a strong high of $60 and Gold at $1310 both inline with my bullish expectations for these commodities for 2017. In terms of the immediate outlook for oil, the price has broken out of a year long range capped at $56 that it will likely revisit (test) during the next few weeks....Read More
By now you know that my swing trading approach is to focus on the 5-6 Month Intermediate Cycle Low (ICL) to establish positions. It seems that everything that I track has the 5-6 month low to low cycle. Sometimes the ICLs come sooner at 4 months or later at 7+ months but the average is 5-6 months.Everything also has a Yearly Cycle Low (YCL) which is nothing more than two 5-6 month ICLs. Cycles...Read More
By Michael J. KosaresWith such a solid end to 2017, it prompts the question what we might expect of gold in 2018. The most immediate question is whether or not it will pick up where it left off 2017 and continue its climb into the New Year, or fizzle and spend the year going sideways or worse, down. I have refrained from the perennial turn of the year prediction sweepstakes for a number years, b...Read More
LIMA, Jan 1 (Reuters) - Consumer prices in Peru rose 1.36 percent in 2017, down from an increase of 3.23 percent in full year 2016, according to data released on Sunday by the government's official statistics agency. (Reporting by Marco Aquino; Editing by David Gregorio) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The auth...Read More
Porter Stansberry, founder and editor of Stansberry Research, joins Jim for an enlivening conversation about the business and financial world at large. 1:33 What do people want to do with their money?5:08 1999 and today8:01 The bitcoin pitch12:48 Where is the value?James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of th...Read More
"We can have deflation and inflation at the same time. If all of this debt that has built up, especially for households, if they are allocating more of their income to servicing debt, then they have fewer dollars to spend on other things. So, you are going to have deflation and inflation at the same time."Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal R...Read More
Happy New Year! We always approach a new year with anticipation, hope, and also some worries. Last year was one of the strangest political years I have seen in some time. A new Republican president spent his first year pursuing more or less the same foreign policy as his Democratic predecessor and the Democratic Party spent the year looking under every rock in the US for a "Russian connection" or...Read More
Abedin forwarded passwords for her government laptop to her personal Yahoo account on Aug. 24, 2009, an email released by the State Department in September 2017 reveals.Continue...Read More
Gold's strength last year came even as U.S. equity markets rose to record levels and the Fed increased interest rates three times Continue...Read More
"One of the things about bitcoin and the cryptocurrencies is: is there really an unlimited supply? We're gold miners. Continue...Read More
(Corrects throughout to read Dec imports fell, not rose)SEOUL, Jan 1 (Reuters) - South Korea's crude oil imports fell 3.0 percent in December from a year earlier to 96.8 million barrels, preliminary data from the Ministry of Trade, Industry and Energy showed on Monday.Final data will be released later this month by state-run Korea National Oil Corp (KNOC).Details of preliminary imports and previou...Read More
* Dec exports up 8.9 pct y/y, imports up 13.0 pct y/y* Exports rise 15.8 percent for full year* 2017 exports best since 1956 by value - trade ministry* Sales of memory chips, petrochemical goods post double-digit growth in Dec* Growth seen slowing in 2018 By Cynthia KimSEOUL, Jan 1 (Reuters) - Soaring global demand for memory chips and petrochemicals helped South Korea's exports surge 8.9 percent...Read More
Jan 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Peer-to-peer lender Funding Circle is poised to hire advisers to prepare for over a 1 billion pound ($1.35 billion) float next year. - Directors of the Palmer & Harvey (P&H) altered the terms of an interest-...Read More
Jan 1 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS4-JanSpain Bond auction5-JanJapan 3-month discount bill auction8-JanFranceAuction of BTF Treasury notes8-JanNetherlands DTC auction9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherl...Read More
Jan 1 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is fileddaily.----------------------------------------------------------- MONDAY, JANUARY 1RICHMOND, Virginia. - Thomas Barkin begins his tenure as president of the Federal Reserve Bank of Richmon...Read More
By Maki ShirakiNAGOYA, Japan, Jan 1 (Reuters) - Japan's Mitsubishi Heavy Industries Ltd is on track to deliver its repeatedly delayed commercial jet by mid-2020, the head of its aircraft unit said, despite a risk of an order cancellation.The Mitsubishi Regional Jet (MRJ) aircraft has been delayed five times from an original delivery target of 2013, leading to spiralling costs. News this month that...Read More
Dec 31 - Below is a table of the latest Lebanese economic statistics. Figures are provided by the central bank, finance ministry and ratings agencies. Newly updated information denoted by (*). -----------------------LEBANESE POUND---------------------- EXCHANGE RATE BETWEEN BANKS : 1,507.5 pounds to the dollar -----------------------KEY INTEREST RATES------------------ *T-bill rates(Dec 21 issue)...Read More