Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Umit Bektas | ReutersGold fell to its lowest in more than a week on Tuesday as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue hiking interest rates.Spot gold fell 0.66 percent to $1,21418 per ounce, after touching its lowest since Nov. 16 at $1,213.94...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average posted solid gains on Monday after sliding 4.4% during Thanksgiving week. Cyber Monday is expected to bring in $7.8 billion in sales, according to Adobe Analytics.General Motors Co. (GM) rose 5% after the automaker announced a restructuring that will include plant closures and job...Read More
Bob Moriarty ArchivesNov 27, 2018Lorimer Wilson January 24, 2011$5,000 Gold Bandwagon Now Includes 85 Analysts!More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 5 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous progno...Read More
CloseGain/LossGold $1215.00-$7.50Silver$14.14-$0.11XAU63.55-1.82%HUI143.71-1.99%GDM526.50-1.91%JSE Gold1105.78-21.46USD97.36+0.31Euro112.95-0.39Yen88.02-0.12Oil$51.56-$0.0710-Year3.053%-0.014T-Bond139.90625+0.125Dow24748.73+0.44%Nasdaq7082.70+0.01%S&P2682.20+0.33% The Metals: Gold edged up to $1225.20 by a little after 8AM EST before it fell back to $1212.00 in early afte...Read More
The argument over whether we're in for global warming or global cooling and whether what's coming is natural or human-made is fun but totally irrelevant from a financial perspective. The fact is that for whatever reason and in whatever direction, the climate is getting more aggressive. Monster snowstorms and apocalyptic fires are clearly becoming more common: Combine the rising number of bad thi...Read More
Graceland UpdatesBy Stewart Thomson 1. The next Fed meet (and rate hike) is December 19, and just weeks after that, US president Donald "The Golden Trumpster" Trump may be set to unleash a new round of inflationary and growth-crushing tariffs.2. It's not easy (to put it mildly) for American business to create new factories to replace the products made by highly productive Chinese fa...Read More
Dear Friend of GATA and Gold:The TF Metal Report's Craig Hemke, writing today at Sprott Money, does the math on the last year's worth of the use of the "exchange for physicals" mechanism of settling gold futures contracts on the New York Commodities Exchange. Hemke calculates that nearly 2.4 million Comex gold contracts have been settled this way since last November, totaling 7,442 tonnes of gol...Read More
By Craig HemkeIt has now been one full year since we began to monitor the daily totals of COMEX EFPs. The total amount of gold allegedly "exchanged for physical" over the past twelve months will astound you. Again, at Eric Sprott's urging, last November 24 we began to tabulate the daily reported EFPs in COMEX gold. We've since written about this ongoing sham on three occasions, with all three li...Read More
By Avi Gilburt First published Sat Nov 24 for members: Since I put out my last update on Thursday morning, I cannot say much has really changed. So, I am going to re-print my update here, and add a few new comments below:I am still struggling between the charts that still seem like they want run high (silver and ABX), and the others who are now hitting their resistances and can turn down....Read More
In an article titled "China's monetary policy must change" Alasdair Macleod discusses a path that China's government could take to make the Yuan gold-backed and thus bring about greater economic stability in China. Keith Weiner pointed out some flaws in the Macleod article, including the fact that the sort of Gold Standard that involves pegging a national currency to gold is just another governm...Read More
By Dave KranzlerWill GE be the proverbial "black swan?" - It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody's downgraded GE's short term credit rating to a ratings level (P-2) that prevents prime money market funds from investing in commercial paper. Commercial paper (CP) is an important source of short term, low-cost, liq...Read More
Expect MUCH lower prices ahead By Adam TaggartAs we've been tracking here at PeakProsperity.com, the housing market is starting to look quite ill.After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs.Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those lo...Read More
By Frank HolmesFootball is as much a part of Thanksgiving as turkey and family are, and nearly as old as the holiday itself. It was President Abraham Lincoln who proclaimed Thanksgiving a national holiday in 1863, saying that he hoped all Americans would carve out some time to bless the "widows, orphans, mourners or sufferers in the lamentable civil strife in which we are unavoidably engaged."In...Read More
AAPL has trampolined $4, or 2.4%, after bottoming an inch from the 170.78 'Hidden Pivot' target I've been drum-rolling here for the last week. The stock was trading near $190 at the time the target was first broached. Friday's low got close, hitting 171.85. But even when the stock opened higher on Monday, touching 175, I repeated a warning that AAPL would still have to fall to 170.78 before it...Read More
by John Mauldin via Forbes.comA Worldwide Debt Default Is A Real PossibilityIs debt good or bad? The answer is "Yes."Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don't have cash yet.Whether it's wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to finance your vac...Read More
Most investors are cautious. Nothing is rising, be it stocks, commodities or bonds. Sitting on cash is the favorite pastime of traders and investors. There will be short term certain direction after the G20 meeting and US November nonfarm payrolls on 7th December. It is just keeping a hawk eye and making the right investment. Do invest with the herd. Herd trading can result in more losses than p...Read More
Mohamed discusses the possibility of the Fed raising hikes, the state of the U.S. economy and how U.S.-China trade tensions could end.Part 1 (part 2 below)Mohamed discusses the market volatility and what it means for the Fed's possibility of raising rates.Part 2Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief I...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/reces...Question 1. Richard M: In terms of inflation, what are the positive differences if only one currency existed instead of all?Question 2. Stephanos R: All I hear and about is that the bond yield will invert and when it does a recession is looming. Can this be manipulated and how?Question 3. Bobby B: In your opinion, in a monetary re...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More