The price of gold cannot decline and stay below the gold production costs. Myth or fact? We invite you to read our today’s article about the mining costs and find out whether they provide a floor for gold prices. So if the central bank demand for gold is not able to boost the price, then maybe mines will help? We refer here to the popular narrative that the price of the yellow metal cannot d...Read More
CloseGain/LossOn WeekGold $1255.50-$5.50+1.39%Silver$14.62-$0.15+0.27%XAU68.67-1.60%+1.60%HUI156.47-1.28%+2.50%GDM570.74-1.04%+1.84%JSE Gold1316.81-28.01+1.12%USD97.03+0.69-0.44%Euro113.63-0.94+0.51%Yen90.02-0.10+2.03%Oil$45.59-$0.29-10.96%10-Year2.783%-0.021-3.80%Bond144.8125+0.09375+0.96%Dow22445.37-1.81%-6.87%Nasdaq6332.99-2.99%-8.36%S&P2416.58-2.06%-7.05% The Metals: ...Read More
By Jordan Roy-Byrne CMT, MFTA As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months. The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising US Dollar. The past 65 years of history shows us that in almost any context (...Read More
By David MorganMany "experts" warn that the dollar will collapse and lead to global economic turmoil. In this scenario, investors would rush to other currencies to escape further losses. Global trade would seize up because the majority of international contracts demand a dollar payment. Other assets would skyrocket. The worst-hit would be currencies like the euro, yen, and the yuan. Gold prices...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort182,168106,20853,411132,148224,823367,727384,442Change from Prior Reporting Period 12,568-2,893310-2,13713,17010,74110,587Traders17079694949247173 Small Speculators (C) GoldSeek.com LongShortOpen Interest 44,75828,043412,485 -506-35210,235 non reportable positionsChange from t...Read More
By David Brady, CFAI have to admit that the action in Gold of late has been exciting. After dumping post the FOMC meeting on Wednesday, Gold came roaring back yesterday and then some. It closed at its highest level since July. What is more interesting is: why? It is this that will determine whether we head higher or not. The following are what I believe may be the drivers of Gold's recent renais...Read More
The dovish Federal Reserve lit a fire under gold and its miners' stocks this week. As universally expected the FOMC hiked rates for the 9th time in this cycle. But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking that wasn't dovish enough. But market reactions to the FOMC form over a couple days, and gold surged overnig...Read More
By Gary TanashianOne of the most disturbing scenes in the series Breaking Bad was when Todd shoots and kills a boy on a dirt bike after he witnessed Heisenberg, Jesse and Todd heist 900 gallons of methylamine. Jesse: "Todd, that Opie Dead Eyed piece of shit..." That is similar to the feeling I got after the Fed hiked the funds rate as expected, but then declined to offer the stock market much re...Read More
By Marin KatusaOne of the largest conferences of the year just wrapped up this past weekend in Katowice, Poland. And it was on everyone's favorite subject, climate change.Yes, this is the annual conference where tens of thousands of delegates fly into a foreign town. On your tax dollars. To iron out a plan for the future of the planet.It's called the United Nations Climate Change Conference. And...Read More
The price of gold cannot decline and stay below the gold production costs. Myth or fact? We invite you to read our today's article about the mining costs and find out whether they provide a floor for gold prices. So if the central bank demand for gold is not able to boost the price, then maybe mines will help? We refer here to the popular narrative that the price of the yellow metal cannot dec...Read More
CloseGain/LossOn WeekGold $1255.50-$5.50+1.39%Silver$14.62-$0.15+0.27%XAU68.67-1.60%+1.60%HUI156.47-1.28%+2.50%GDM570.74-1.04%+1.84%JSE Gold1316.81-28.01+1.12%USD97.03+0.69-0.44%Euro113.63-0.94+0.51%Yen90.02-0.10+2.03%Oil$45.59-$0.29-10.96%10-Year2.783%-0.021-3.80%Bond144.8125+0.09375+0.96%Dow22445.37-1.81%-6.87%Nasdaq6332.99-2.99%-8.36%S&P2416.58-2.06%-7.05% The Metals: ...Read More
Just one request, please do not trade while drunk during the vacations. Merry Christmas. Enjoy the present and forget the past.Gold needs a close over $1260 and silver needs a close over $1490 today to zoom next week. Volumes will be there from Asia. Trading volumes will be down next week but not zero. Holiday goers will enjoy as petrol/diesel prices are low. The current market situation is that...Read More
I'm known for writing the #1 personal finance book of all-time, but most people recognize me as a "real estate" guy. It's my personal favorite investment category.In a civilized world, a roof over your head is as essential as food, clothing, energy, and water. That why there will always be a real estate market. And real estate investors are essential to keeping this vital human need available, fro...Read More
*If the volume isn't working, click the volume icon located in the bottom right hand corner of the video playerHarry Dent breaks down the volatility we've seen in the closing weeks of 2018, offers forecasts for the markets in the next few months, and urges investors not to panic...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and s...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Back in the day George Washington had an entire farm field dedicated to the growth of hemp. He loved the bud and in 1794 he even wrote a letter to Secretary of Finance William Continue...Read More
Justin: Doug, you've been a critic of the drug war for decades now. But are you surprised by this news? After all, I think most people can agree that psilocybin is a far Continue...Read More
Every December, I write a Year in Reviewref 1 that's first posted on Chris Martenson & Adam Taggart's website Peak Prosperityref 2 and later at ZeroHedge.ref 3 This is my tenth, although Continue...Read More
Gold and silver showed strength this week as the Federal Reserve nudged the Fed funds rate 25 basis points higher and various equities in the US stock market reached bear market territory. Silver spot price appears to be closing the week around $14.70 oz, while gold spot price should close near the $1,260 US dollar per troy ounce mark.With us this week is a returning guest to the podcast... topics...Read More
There is nothing magic about 20% declines. It's simply the most widely used definition of a bear market. Bear markets seldom stop at 20% then magically Continue...Read More