Graceland UpdatesBy Stewart Thomson 1. The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors. 2. The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price...Read More
Originally posted at http://plata.com.mx/enUS/More/365?idioma=2 By Hugo Salinas PriceAs I was shuffling papers in some old files, I came across a slip of paper on which I had written down the price I had paid for a Mexican $50 gold peso coin: $717 Mexican pesos.Judging from the price, I figure that the purchase was made sometime in 1972, when the price of a Troy ounce of gold was $46 dollars. T...Read More
Gold continues to make headway in herky-jerky fashion, failing to satisfy bulls but also denying bears something to cheer about. On Monday, the February Comex contract rallied to within a millimeter of the 1240.20 Hidden Pivot target shown. The pullback so far has been mild, encouraging the thought that the next pop will be good for a ride to 1259.80. Another encouraging sign is that some recent...Read More
President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market? Trade Truce and Gold Have you heard about the Christmas truce? It was a series of unofficial ceasefires across the W...Read More
By Avi GilburtI wonder how many of you had your brains in gear when following the action in the market this past week. For those that did not, let's review what happened.First, the market broke out "bigly" on Wednesday, and every media source and investor was absolutely certain that it was due to the Fed chairman's speech (even though he really said nothing new, as future rate decisions were alw...Read More
By Frank HolmesYesterday evening marked the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for a single day's lighting at the most. Miraculously, though, the oil lasted for a...Read More
By Steve St. AngeloThe rapidly falling oil prices have finally claimed the first victim, but it won't be the last. The Alberta Canadian government announced late yesterday for a substantial cut in tar sands oil production to stem the hemorrhaging low oil price. The price paid for tar sands oil has fallen a stunning 77% from its peak just two months ago.While the Canadian tar sands oil price...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
Full description and comments at: https://www.peakprosperity.com/podcas...There's mounting evidence that the Age of American Exceptionalism is grinding to an end.Demographically, in the U.S. (as well as many other developed nations), the prospects of the younger generations are substantially less than those of the Baby Boomers. The same is true socioeconomically as well; the wealth gap between the...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/emerg...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 strongly that we need t...Read More
Mike Maloney covers all the trouble brewing in the global economy in this 11-minute video - including data he promised to show you last week. The Australian real estate bubble, Putin's warning for the US dollar, and more on the financialization of government. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold...Read More
A quick recap of the past couple of months:Stocks plunge.The politicians, bureaucrats and bankers who depend on artificially-elevated financial asset prices start to panic.Continue...Read More
Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More
Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal advocate for term limits, a ba...Read More
"After a series of inexcusable actions, it's clear that there needs to be an immediate change in Broward County and taxpayers should no longer be burdened by paying a salary Continue...Read More
We caught up with our good friend David Morgan today. He's bullish on gold and believes that the annual seasonal rally has begun. Longer term he's especially bullish in light of the supply situation, or peak gold. He believes that recycling of precious metals, especially those contained in smart phones, will become more widespread. Lot's more here.David Morgan is a world-renown precious metals afi...Read More
This Canada-based exploration company makes headway in southeastern Peru as it completes a major milestone and releases more information on its biggest projects.Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS), a Canada-based precious metals exploration company, released information about developments that could propel the company forward. According to the company, Palamina is looking for the hard rock s...Read More
As green energy initiatives boost the need for graphite, one company continues to explore for the element in an unlikely place. Graphite is the most common non-metal substance that can conduct electricity with significant heat resistance. It is no surprise that strong demand for graphite is fueled by the new economy: green energy initiatives, including lithium-ion batteries (electric vehicles and...Read More
Sector expert Michael Ballanger explores the latest news regarding this company's Colorado mine asset. As a preface to my remarks, it should be known that Western Uranium & Vanadium Corp. (WUC:CSE; WSTRF:OTCQX) CEO George Glasier was the founder of U.S.-based Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American), currently the second-largest producer of uranium in the U.S. George departed EF in 2010. A...Read More