"The media has more power than all three branches of government...somebody has to hold them accountable."Read More
Stop providing billions of dollars to Afghan security forces if those forces are sexually abusing young boys. Seems like a pretty reasonable idea... and yet that effort was blocked in the U.S. Senate.Who would continue to provide billions of dollars to security forces when it has been proven that those forces keep young boys as sex slaves?Read More
The murder of journalist Jamal Khashoggi at the Saudi Consulate in Istanbul hasn't stopped the kingdom in signing $50 billion worth of dealsContinue...Read More
One day after Italy responded to the EU's critical reception of Rome's budget proposal, all eyes were back on Brussels which some feared may implement the unprecedented Continue...Read More
Gold rallied on Tuesday, hitting a three-month high and trading above the key $1,240 an ounce levelContinue...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
By Ira EpsteinGold breaks out of bullish pennant formation.https://www.iraepstein.com/ Read More
By Craig HemkeThe price action in palladium is eerily reminiscent of early 2001, and this could have major implications for gold and silver in the months ahead. Back in 2001, the price of palladium spiked to highs above $1100/ounce. At the time, major physical palladium shortages appeared and tremendous strain was put upon the LBMA palladium market in London. Lease rates soared, and it appeared...Read More
Source: Michael Ballanger for Streetwise Reports 10/22/2018 Sector expert Michael Ballanger explores the impacts of several historic market crashes. -->Q: How do you get your broker out of a tree?A: Cut the rope. Common joke from October 1987It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation...Read More
Source: Maurice Jackson for Streetwise Reports 10/22/2018 Brien Lundin, publisher of Gold Newsletter, sat down with Maurice Jackson of Proven and Probable to discuss precious metals and their relationship with recent Fed actions and the dollar. -->Maurice Jackson: Joining us for a conversation is Brien Lundin, the president of Jefferson Financial, helping to protect your world.Please tell u...Read More
Graceland UpdatesBy Stewart Thomson 1. Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?2. For the likely answer to that interesting and potentially enriching question, please click here now. Double-click to enlarge this daily gold chart.3. Gold has formed an important double bottom pattern. After an initial breakout to...Read More
By Dave KranzlerIt's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration...Read More
By Ricky WenMonday's session was a doji range day with the S&P 500 repelled at the morning high near 2780, dropping towards Friday's low around 2750, and then consolidating around the intraday lows for most of the day. Basically, the price action couldn't get out of the danger zone as it remained below 2770-2780 for the EOD close for the daily W-shape pattern.Fast forward to the overnight Globex...Read More
There is an age-old relationship between prices and interest rates that Keynesian economists have called a paradox ("Gibson's Paradox"). The relationship was clearer during the Gold Standard era, but as I explained in a previous post it is still apparent if prices are measured in gold.To understand "Gibson's Paradox" and why it actually isn't a paradox, refer to the earlier post linked above. Su...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 Junk Italian 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
- Gold rallied "as stocks retreated" and "market risk became more systemic"- As stock sell-off became systemic globally, gold rose meaningfully - World Gold Council- IMF Global Financial Stability report highlights an increase in level of risk among multiple global metrics - WGC Investment Update*Happy 15th Birthday GoldCore*via Gold.orgThe latest IMF Global Financial Stability report (release...Read More
America’s debt crisis has been steadily rising over the past decade, and household debt has risen for the 16th straight quarter.The Center for Microeconomic Data reports:Household Debt Continues to Climb in the Second Quarter of 2018The CMD's latest Quarterly Report on Household Debt and Credit reveals that total household debt reached a new peak in the second quarter of 2018, rising by $82...Read More
Oct 24, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold breaking past its support level is a bullish momentum indicator, said Peter Hug, global trading director of Kitco Metals. "Gold was trading in the $1,180 range [a few weeks ago]. We suggested at that time gold holding $1,1180 was a positive momentum indicator and we were actually bullish gold," Hug told Kitco News. Hug a...Read More