Oct 26, 2018 Guest(s): Robert Kiyosaki (RERUN) - Robert Kiyosaki, famed author of the New York Times bestseller "Rich Dad, Poor Dad," does not consider gold an "investment," but rather, the only form of currency he considers "real." His new book, "FAKE: Fake Money, Fake Teachers, Fake Assets," due for release in April, 2019, documents the difference between real and fake assets, and he likens g...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/botto...We've been watching quite a few pattern shifts over the last year or so. These were warning us that a market breakdown was in the works. Over the last few weeks, it's become more apparent as most stock market indexes are below the beginning of the year levels. We got that warning on October 3rd when interest rates broke out to the...Read More
00:40 - Too early to draw any conclusions from recent market action.02:00 - A liquidity crisis will hit stocks including gold stocks.03:40 - Optimistic about uranium stocks but be selective.05:10 - Previous uranium bull market performance.06:45 - Utility companies are very tight-lipped.08:05 - Value proposition of uranium juniors.09:20 - Uranium stock picking strategies.11:30 - Vanadium outlook an...Read More
The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar Continue...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
Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal?Only One Notch Above Being JunkItalian drama continues. On Friday, Moody’s, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the "alarming volumes of red ink" within the shale industry. "...Read More
Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal?Only One Notch Above Being JunkItalian drama continues. On Friday, Moody’s, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the "alarming volumes of red ink" within the shale industry. "...Read More
- Palladium prices surge to an all-time nominal high over $1,150/oz- Russia is one of the top producers and growing tensions with the U.S. may result in a "supply crunch"- Palladium is widely used in the automotive industry and is experiencing significant demand and a "supply crunch"- Deep supply deficits in palladium are predicted by Citigroup and other analysts (see Bloomberg table)- Gold an...Read More
Gold and silver need to rise after tomorrow's European central bank meeting and Friday's third quarter GDP numbers due to zoom. I am against new short term investment in gold unless it trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at the current price of $1235. Asian prices of gold are near an all-time high. Buyers in As...Read More
(Kitco News)- Agnico Eagle Mines Ltd.(NYS: AEM, TSX: AEM) late Wednesday reported a smaller profit in the thirdquarter compared to a year ago but increased its production guidance for 2018and 2019.Net income was $17.1 million,or 7 cents per share, down from $72.5 million, or 31 cents, in the thirdquarter of 2017, the company said.The July-September resultsincluded non-cashforeign currenc...Read More
(Kitco News)- Goldcorp Inc. (TSX: G, NYSE: GG) late Wednesday reported anet loss for the third quarter as production declined from the same period ayear ago, although it is expected to improve in the current quarter.The net loss was listed at $101 million, or 12 cents pershare. In the same period a year ago, the company listed a profit of $111million, or 13 cents. The July-September results includ...Read More
(Kitco News)- Barrick Gold Corp. (NYSE: ABX,TSX: ABX) lateWednesday reported a net loss of $412 million, or 35 cents per share,compared to a loss $11 million, or a penny, in the third quarter of 2017.The July-September net loss was mostly due to a $405 millionimpairment charge at the Lagunas Norte mine in Peru, the company said. Therewere also several other special items, including a $62 millionfo...Read More
Yellow metal heads for the highest close in three months. Price keeps hovering around $1,230/oz with a positive outlook. Gold prices are about to post a modest the second daily gain in-a-row but the bullish tone eased amid risk aversion. The price peaked during the Asian session at $1,233/oz and then quickly dropped, finding support above $1,225 on European hours. Since then it has b...Read More
Although global stock markets had moderate gains today, U.S. equities were once again under dynamic pressure which resulted in a 600+ decline in the Dow Jones Industrial Average. The Dow lost 608 points (-2.41%) in trading and is currently fixed at 24,583.42. The NASDAQ composite also had substantial losses in trading today, and after giving up almost 4 1/2 %, today's 321-point decline takes the...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
A December rate hike is still on the table after the latest Beige Book reportStocks extended yesterday's sell-off, with major U.S. equity benchmarks closing deep in the red. Early enthusiasm over Boeing's (BA) post-earnings surge evaporated after disappointing housing data -- and selling intensified in the afternoon, as the Fed's Beige Book release appeared to bolster the case for a December rate...Read More
(Kitco News) - If the Fed continues to steadily raise interest rates higher, gold will replace U.S. Treasuries as the “ultimate risk-off asset,” according to the New York-based INTL FCStone.“If, as I expect, rates will go higher for longer, much higher for much longer, gold will replace Treasuries as the ultimate risk-off asset, and investors should own it as an insurance against...Read More