I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business Continue...Read More
Ever since Apple reported earnings, FAANG stocks have begun to splinter off and show a divergence in performance. Peter Boockvar, Bleakley Advisory Group, offers his take.Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Read More
Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time:Continue...Read More
Children try to recreate the experience of their parents because it's familiar, it's what we know and learned. That's why we will likely end up in relationships similar to Continue...Read More
Speaking with INN in New Orleans, Doug Casey shared his opinion on what investors should be doing with their money as the markets tip into a bear market.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial...Read More
Kirkland Lake, Ontario - November 13, 2018 - RJK Explorations Ltd. (“RJK” or the “Company“) (TSXV: RJX.A) is pleased to announce that it has commenced a drill program on its Rolling Pond epithermal gold property located in the Moosehead Trend of Central Newfoundland. The drill contract was been awarded to Cartwright Drilling Inc. based in Goose Bay, Labrador and consists...Read More
Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system and $21 trillion dollars (size of US National Debt) in missing government funds, possibly held by the exchange stabilization fund (plunge protection team). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given that few foreign purchases of...Read More
Wendy Battleson, co-founder and principal of Art Strategy Partners, shares her expertise on the state of the market and its connection with other asset prices.1:48 Banksy's self-destruct button6:10 Guaranteed bids - for a fee11:21 Inflation in Warhol's17:16 The art market; an extension of Wall Street? James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Ob...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
Silverjust moved to its 2018 bottom. Not somewhat above it, not relatively close toit – silver’s Friday’s close of $14.14 equals the previous lowest closing priceof 2018 that was formed on September 14th. That’s not yet abreakdown, but the implications are severe. Silver’sMove to the 2018 Bottom Silver’sdecline means breakdowns (on big volume) below the October...Read More
In the past two years, crude oil has steadilyadvanced, supported by global recovery. But in just 10 days, oil has posted thelongest losing streak since mid-1984 – thanks to overcapacity and the Trumptrade wars. Half ayear ago, crude oil prices were expected to climb from $53 per barrel in 2017to $65 per barrel by the year-end and to remain around that level through 2019.By mid-October, crude...Read More
Our research team warned of this move in Crude Oil back on October 7, 2018. At that time, we warned that Oil may follow a historical price pattern, moving dramatically lower and that lows near $65 may become the ultimate bottom for that move. Here we are with a price below that level and many are asking “where will it go from here?”. We believe the support near $65, althoug...Read More
(Kitco News) - It takes three times as much energy to produce one dollar’s worth of bitcoin than one dollar’s worth of gold, according to a new research study.More specifically, it requires seventeen megajoules of energy to digitally mine one dollar's worth of bitcoin versus five megajoules needed to physically mine the same value in gold, said the report titled ‘Quantification O...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
WASHINGTON (Reuters) - The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, two administration officials said.The “Section 232” recommendations on ensuring a healthy U.S. auto industry are undergoing an interagency review proces...Read More
Jessica Resnick-AultNEW YORK (Reuters) - U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions.Trump’s comment followed remarks from Saudi Arabia’s energy minister saying OPEC was considering cutting su...Read More
Ann SaphirIDAHO FALLS, Idaho (Reuters) - With the U.S. economy at or beyond full employment and inflation likely to rise slightly above a 2 percent goal over the next year, the Federal Reserve should continue to raise rates gradually, its newest policymaker said Monday — but not necessarily next month.“My modal forecast is for two to three (rate hikes) over the next period of time, wit...Read More
(Kitco News) - With the U.S. midterm election and the latest Federal Reserve decision out of the way, gold analysts are now switching focus to the U.S. dollar and global macro data releases— the two biggest triggers that could impact gold in the short-term, according to TD Securities.Gold saw another setback on Monday, with the December Comex gold futures tumbling from above $1,220 to around...Read More
A Trump tweet sent oil prices to an 11th straight lossThe Dow sunk over 600 points today, and the tech-rich Nasdaq also gave up triple digits, as Apple (AAPL) stock plummeted after another iPhone supplier warning. In addition, fellow blue chip Goldman Sachs (GS) suffered steep losses, pacing a broader bank decline. Oil prices were also in the headlines today, erasing early gains after President Do...Read More
LONDON (Reuters) - British Prime Minister Theresa May said on Monday that there were still considerable unresolved issues with the European Union over Brexit as the two sides approached the “endgame” in negotiations for departure from the bloc.May’s compromise plan, which seeks to maintain close trade ties with the EU in the future, is facing opposition from Brexiteers, pro-Europ...Read More