Nov 01, 2018 Guest(s): Rob McEwen The large-cap miners have dissuaded investors from entering the mining sector space with their lackluster performance and shrinking production profiles, said Rob McEwen, chairman of McEwen Mining. "The majors haven't done any favors to the sector. They've gone out and they've sold off production so their growth curves have a negative slope to them. They got rid...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/disap...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need t...Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. 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, BusinessWeek, Tim...Read More
It's a good thing October is coming to an end. It's been a particularly lousy month for the markets. October has seen about $5 trillion in value erased from global markets.Continue...Read More
"They say that Italians have few children and that something is needed to turn the trend around...That's why the ministry wants to contribute, favouring rural areas in particular, whereContinue...Read More
Today we return to bedrock economics... and consider "the seen versus the unseen."The latest government report claims third-quarter GDP expanded at a 3.5% rate, annualized.Combined with the second quarter's 4.2%, the results are the strongest consecutive quarters in four years.In all, Commerce Department data reveal the U.S. economy has expanded at nearly 3% since April last.The Wall Street Journa...Read More
Jonathan Tepper, founder of macro research firm Variant Perception and author of The Myth of Capitalism, calls in to discuss the rise of corporate monopolies and its implications. @jtepper21:24 The Myth of Capitalism and Amazon.com, Inc.6:08 The beer industry, duopolies and innovation10:14 Low interest rate policy and the rise of cartels15:31 The "big pendulum" of anti-trust policy and the FAAN...Read More
Nassim Nicholas Taleb, scientific advisor at Universa Investments, discusses the factors causing global fragility, hidden liabilities in global markets, and what he sees as safe trades in the current market.Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become a scholar and philoso...Read More
"We know we can't do this alone, and by housing these ads for up to seven years, people, regulators, third parties and watchdog groups can hold these groups more accountable," Continue...Read More
"If I had a magic wand, I would raise taxes and cut retirement spending," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C., who characterized the U.S. debt path as "unsustainable."Yellen noted this will only get worse as more baby boomers retire and spending on retirement and health care programs grow.Fred Imbert| @foimbert Published5:57PM ET Tue, 30 Oct...Read More
India has done a bilateral forex swap agreement with Japan and China separately. China has done a forex swap agreement with Japan. Forex swap agreement between large nations like India, China and Japan will result in more and more nations copying them. Net result is a decline in the US dollar share in global trade and a decline in the purchasing power of the US dollar. Gold will be a medium of s...Read More
Yes - cash is back. Once again people who don't want to take on the risks of the stock market or the bond market or the gold market or any other market - and just want a reasonable rate of return on their savings without having to worry - are starting to feel some love. Interest rates on two-year certificates of deposit or CDs - not quite "cash," but pretty close - have just cracked 3% for the fir...Read More
An extremely robust U.S. equities markets along with dollar strength put slight pressure on gold pricing today. The roller coaster ride that defines the U.S. equities market continues to oscillate strongly with significant gains today immediately following yesterday's dynamic selloff. Yesterday the Dow Jones Industrial Average traded within a range of over 900 points. Trading to a high which was a...Read More
(Kitco News)- Optimism ishigh among delegates at the London Bullion Market Association’s 2018 preciousmetals conference, even as general investors continue to ignore the sector.In aconference poll, 682 attendees said that they see gold prices rising to $1,532an ounce by the next conference in 2019. The outlookcomes as gold prices struggled to hold on to last week’s three-month high.Dec...Read More
With gold closing around $1236, the market closing above the 9-day weekly moving average is confirmation that coming into this week we have a bullish trend momentum.If the gold market closes above $1235, the first target this week is the sell 1 (S1) level of $1247, and the second target is the sell 2 (S2) level at $1258.If the market comes down below $1235, it would negate this bullish trend to ne...Read More
Consumer confidence hit an 18-year high for OctoberStocks held onto big gains throughout today's session, thanks to a slew of positive corporate earnings and reduced trade anxieties. The Dow finished up over 430 points, aided by well-received quarterly results from Coca-Cola (KO). Meanwhile, the China tariff fears that triggered yesterday's sharp pivot lower were assuaged today after President Don...Read More
Gold has been unable to keep up the bid, losing strength to the dollar and US yields as investors look elsewhere for a return on investment. The risk mood has improved as US Treasuries, and the Japanese yen take a hit while US stocks stabilise and consolidate the recent series of daily losses. Technical support has failed at S1 1225 and price trades below the 21/10- 4hr SMA bearish crossove...Read More
WASHINGTON (Reuters) - The U.S. Interior Department’s acting inspector general has referred a probe into Interior Secretary Ryan Zinke’s conduct to the Justice Department for further investigation, media reports said on Tuesday, citing unnamed sources.Referring a probe to the Justice Department means it will explore whether evidence warrants a criminal investigation. Mary Kendall, the...Read More
SAN JOSE, Oct 30 (Reuters) - Costa Rica could face difficulty servicing its public debt obligations if President Carlos Alvarado's proposed fiscal reform is not approved soon, Central Bank President Rodrigo Cubero told Reuters in an interview.Costa Rica's external and domestic government debt is equivalent to 53 percent of gross domestic product (GDP), exposing its economy to the whims of rising i...Read More
WASHINGTON (Reuters) - Republican campaigns took a defensive approach a week before elections to determine control of the U.S. Congress, with the party spending more to try to hold on to previously secure House seats and President Donald Trump preparing a six-day trip focused on Senate races.The National Republican Congressional Committee on Tuesday launched a wave of ads targeting 14 House of Rep...Read More