President Trump and President Xi Jinping agreed to haltescalation in their trade conflict. At the same time, the Fed officials becamemore cautious about the pace of future interest rate hikes. How will thesoftening of the US trade and monetary policies affect the gold market?Trade Truceand GoldHave you heard about the Christmas truce? It was aseries of unofficial ceasefires across the Western Fron...Read More
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now,...Read More
Three things have tweaked the fundamentals for gold.1) Bitcoin is not attracting the hot cash, unlike 2016.2) Fed's Powell dovish switch, now less expectations for interest rate hikes in 2019. 3) China to import more goods from the USA, hence more US Dollars required.The question now is will this move gold back to resistance before year end? Gann angles look good, cycle looks attractive, now we wa...Read More
Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More
By Craig HemkeCopper is often referred to as "Dr. Copper" for its ability to foreshadow moves in other markets and the global economy in general. Today we coin the term "Mr. Palladium", as this particular metal may be offering its own bit of foreshadowing. And what might that be? Perhaps the end of the entire LBMA/COMEX Digital Derivative and Fractional Reserve Pricing Scheme. You may recall tha...Read More
By Ira EpsteinGold continues to look good as stock indices sink and US Dollar weakens. https://www.iraepstein.com/ 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.The Fed announces that maybe it won't have to raise interest rates any more, and the president announces a truce in the trade war with China. The markets bounce, leading some to conclude that the worst is over and it's time t...Read More
By Stefan GleasonU.S. government agencies could run out of operating funds starting on midnight this Friday, December 7th.At issue: President Donald Trump's proposed border wall. He wants Congress to commit $5 billion for construction of a wall along portions of the U.S.-Mexico border.The migrant caravan that recently attempted to crash the border near Tijuana has helped rally Republicans to sup...Read More
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
- "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
My rich dad said, “The average person is 95 percent eyes and only five mind when they invest. If you want to become a professional in the B and I quadrants (see below), you need to train your eyes to be only five percent and train your mind to be the other 95 percent.”Every day trillions of dollars are moved around the planet electronically. There is more money being created and availa...Read More
Dec 05, 2018 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming 2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. "To make big money in this market, you have to see the cycles. Nothing changes. We've had three big cycles in gold since 2000 and we're about to have another one," Tuc...Read More
Bubbles burst from the "outside in," Chris Martenson says. And that's what we're seeing right now. Cracks are appearing on the outside. Many junk rated debt and periphery country's stock markets are in bear markets. Watch out for the crisis to seek into the bigger sectors. The economy cannot grow exponentially in a finite world. An infinite model cannot run on a finite sphere. By 2020 - 2022, a ma...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
Angela Ponce Camacho is a Spanish model and beauty pageant titleholder who won Miss Spain 2018. Ponce made history on June 29, 2018, as she is the first transgender woman to ever Continue...Read More
In 2014, 63 percent of households headed by a non-citizen reported that they used at least one welfare program, compared to 35 percent of native-headed households.Continue...Read More