By Ira EpsteinDollar killer!https://www.iraepstein.com/ Read More
By Ed Steer10 November 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold quietly lower until around noon China Standard Time on their Friday. It crawled quietly higher from there until a few minutes after the London open -- and then it crawled equally quietly lower until the COMEX open. Then the spoofing and algo spinning began -- and the low tick of th...Read More
By Clint SiegnerGold and silver investors got a rare bit of good news on the enforcement front last week.A trader from JPMorgan Chase pled guilty to rigging the precious metals futures markets.John Edmonds admitted to cheating the bank's clients and plenty of other people naive enough to expect fair treatment on the COMEX and other exchanges.While this is by no means the first time a banker has...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, down 0.17 percent as hedge funds boosted their net bullish position to an eight-month high. October was a stellar month for gold after several months of losses. Holdings in gold-backed ETFs rose globally by 16.5 tonnes as the yellow metal benefitted from flight-to-safety investment flows tracking global stock markets, wri...Read More
Here are two long-term charts illustrating the annual rate at which gold is extracted from the ground. The second of these charts shows why mine production can be ignored when trying to understand what happened to the gold price over the preceding few years or figure out what's likely to happen to the gold price over the next few years.The first chart shows the amount of gold produced by the glo...Read More
By Alasdair MacleodWe are getting ahead of ourselves here. Gold does not circulate as money - yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people's money, gold. Do we even wish it? Given what we have to do to get there, probably not.It is hard to think of a life without Nan...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 12, 2018 "The stock market is a device to transfer money from the impatient to the patient" Warren Buffett, American businessman, investor, philanthropist, the "Sage of Omaha", Chairman and CEO Berkshire Hathaway "Thousands of experts s...Read More
Silver just moved to its 2018 bottom. Not somewhat above it, not relatively close to it - silver's Friday's close of $14.14 equals the previous lowest closing price of 2018 that was formed on September 14th. That's not yet a breakdown, but the implications are severe. Silver's Move to the 2018 Bottom Silver's decline means breakdowns (on big volume) below the October lows and the rising red...Read More
Yesterday an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it's pretty . That fire and several others are still expanding across the state, threatening tens of thousands of homes. The sets of the TV show WestWorld are gone. Malibu has been evacuated. And dry, windy conditions persist, so the story is nowhere near over. If this sound...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new sessi...Read More
Back in 1979 and 1980, I remember my poor dad talking about the rate of return he was getting on his bank's certificates of deposit (CDs). It seemed normal at the time, but their rate was 18%. Who wouldn't like an 18% return on a CD today?What I found really interesting though was when the savings-and-loan crisis hit in the 1980s: the bank retracted the 18% interest rate and basically cancelled th...Read More
Nov 13, 2018 Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading Investors should brace for a possible bear market in equities for 2019, and there are a number of safe haven assets to turn to on top of gold, said Patrick Ceresna, founder and chief derivative market strategist at Big Picture Trading. "I think everyone's a little too bearish on treasury bond...Read More
The French Prime Minister attacks President Trump abroad, Democrats prepare to take power, and Republicans struggle for a message.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
The trader "personally deployed this strategy hundreds of times with the knowledge and consent of his immediate supervisors."Continue...Read More
You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen's "liftoff" from zero and has continued through seven more rate hikes in 2016, 2017 and 2018, with another hike expected this December.The cumulative impact is to put the high end of the range for the fed funds rate at 2.5% by year-end. More of the same is widely anticipate...Read More
I'm in Dublin, Ireland, today, where I was honored and humbled to receive a writing award from Trinity College.It's my job to continue pointing out the risks to the financial system that we still face and to try to help people prepare for the next crisis. Of course, central banks are a big part of the problem.If you have defective and obsolete models, you will produce incorrect analysis and bad po...Read More
Based the last few days' headlines you'd never know the world is in year 10 of a pretty good expansion. Check this out:Not terrified of a recession? These stocks hint you should be Cyclical commodities continue to weaken, gold moves in relation Italian banks on verge of new crisis on ?,?400 million hole at Banca Carige China rate-cut chatter becomes louder as growth risks gather "iPhone story is...Read More
I was one of the few, along with Robert Shiller, predicting that the real estate bubble in the U.S. was getting ready to burst back in late 2005. Home sales had peaked in July 2005.Continue...Read More