During these downtrends for metals the bulls are constantly calling bottoms and looking at data that they interoperate as signifying a bottom. Unfortunately usually these calls are wrong however there are a few consistent moves that happen at a bottom. Jordan Roy-Byrne shares what he is watching for to tell him the bottom is in for the overall metals complex.Jordan Roy-Byrne, CMT is a Chartered Ma...Read More
"When you look at our financial performance in recent years, take the last three years for example, the number of units sold during any quarter has not been necessarily Continue...Read More
Trump is an "economic lunatic and he's playing with fire at the top of an aging expansion."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Cor...Read More
Harry Dent examines how President Trump is breaking down the system, providing the seeds for revolution, and what this means for the long-term...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends...Read More
The current silver bottoming process is similar to that of 2001 to 2003. Continue...Read More
Where the gold is going is certainly no secret. Whilst the West has not got a clue of the strategic significance of physical gold, the East's accumulation of the Continue...Read More
(by Reuters from BOSTON, LBMA)The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association's (LBMA) annual gathering predicted on Tuesday.Gold in USD (10 Years)A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year's time for silver, platinum and palladium.Spot gold has had a difficult few m...Read More
Gold’s correction from above $1,240/oz continued on Wednesday amid a stronger US dollar and higher Treasury yields. Price fell below key support levels, weakening further the technical outlook. The yellow metal is about to post the third slide in-a-row, losing again $10. The price opened above $1,220 and bottomed during the American session at $1,211. Then bounced to the upside...Read More
Market sentiment continues to oscillate in regard to U.S. equities as traders continue to witness large price swings in both directions. Gone are the days when a 100- or 200-point gain or decline in the Dow Jones Industrial Average would be considered a sizable move. It seems there is a new normal. That normal is characterized by swings in the Dow in excess of 500 points or more in terms of the da...Read More
The VIX just turned in its best month in over three yearsStocks closed out October with a flourish, as the Dow finished up over 240 points to cap off a hectic and volatile month. Despite tacking on more than 670 points over the last two days, the blue-chip index still turned in its worst month since January 2016. The S&P 500 and Nasdaq also finished strong today thanks to an upbeat round of corpor...Read More
(Kitco News) - 2018 Halloween candy prices in the U.S. are expected to rise 0.5% compared to last year, after two past consecutive years of price deflation, according to British data provider IHS Markit. Halloween candy spending is expected to increase 4.2% year-on-year, up from last year's 2.4% growth. Candy spending is projected to total $2.5 billion, translating to around $20 per household in...Read More
Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar lines"? Please take time to read or review that Money Metals Exchange Post of August 28. I made the case...Read More
BOSTON (Reuters) - TIG Advisors on Wednesday said it has bought a piece of Canadian mortgage investor Romspen Investment Corporation, marking the first time it has taken a stake in another hedge fund.Romspen, a Toronto-based credit manager, invests C$2.5 billion in assets, providing first mortgage bridge lending to commercial real estate projects in North America.“We invested with Romspen be...Read More
NEW YORK (Reuters) - U.S. stocks rebounded for a second day on Wednesday, as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits after equities had been spooked this month.Shares of Facebook Inc (FB.O) gained 4.6 percent after the social media giant said margins would stop shrinking after 2019 as costs from scandals ease. [nL2N1XA27I]The S&a...Read More
LONDON (Reuters) - Prime Minster Theresa May’s spokesman declined to say whether an EU exit deal was expected by Nov. 21, as indicated in a letter by her Brexit minister Dominic Raab earlier on Wednesday, but said government was working to get a deal as soon as possible.Asked about Raab’s letter, the spokesman said: “I can’t go beyond repeating, as I have done many times, t...Read More
The world's fastest-growing vertically integrated global cannabis company could net investors a huge return in the months to come.The worldwide trend toward marijuana legalization has triggered a wave of growth opportunities for investors around the globe.Beyond the explosive Canadian market - this diversified cannabis operator maintains production, processing, and distribution facilities worldwid...Read More
(Kitco News) - Gold’s tight negative correlation with the U.S. dollar will help prices go higher within the next 12 months, according to Wells Fargo, which forecasts weaker greenback to come.“We see higher gold prices ahead as we expect commodity prices in general to increase and the U.S. dollar to weaken. Our rolling 12-month target price for gold remains $1,250 - $1,350 per ounce,&rd...Read More
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
LONDON/NEW YORK (Reuters) - Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.The following are some major milestones in bitcoin’s first decad...Read More
LONDON (Reuters) - Bitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.By 1300 GMT, bitcoin BTC=BTSP was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 fa...Read More