On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine? Draghi Says That We Shouldn't Worry Let's start with the latest ECB's monetary policy statement and the following Draghi's press conference. In short, the ECB kept its mon...Read More
By Ron PaulPresident Trump recently called the Federal Reserve's interest rate hikes crazy. Leaving aside President Trump's specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that "crazy" is a good way to describe the Federal Reserve.When not forced to use a government-created currency, individuals have historically chosen to use...Read More
By Frank HolmesOctober was at it again last week. After Wednesday's close, the S&P 500 Index, Dow Jones Industrial Average and small-cap Russell 2000 Index had all erased their gains for 2018, while the tech-heavy NASDAQ Composite dipped into correction territory.I don't believe there's any single cause for the selloff. Investors are simply nervous, thanks to rising interest rates and the upcomi...Read More
Yesterday's slow-motion selloff probably didn't generate much fear, but it probably exhausted sellers for a while. Although I've put out a somewhat lower target in the E-Mini S&Ps for Tuesday, the big moves in the FAANGs appear to be over, or very nearly so. Rick's Picks had been using a 1496 downside target in AMZN that caught the exact low of a so-far $68 bounce. (Click on the inset to see thi...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
VANCOUVER, BRITISH COLUMBIA / October 30, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report that engineering partner PurLucid Treatment Solutions ("PurLucid") has deployed the first advanced wastewater treatment system in Alberta. The customer will pay C$35 per cubic meter for evaporator blowdown wastewater ("EBD") processing. Delivery of...Read More
Mike Maloney is back with two more installments of his popular video series, Hidden Secrets of Money.In episode 9 of Hidden Secrets of Money, Mike Maloney draws eerie parallels to the misguided leaders and monetary policies that doomed civilizations from Ancient Rome to modern-day America. Can President Trump save America? Will the Federal Reserve Board be able to pull off yet another round of ext...Read More
As you may know, I've co-authored two books with the now President Donald Trump. We were working on a third project but that had to be shelved when he decided to run for Commander-In-Chief.I’ve been asked often if he’s as gruff in real life as we've seen on TV.The answer is yes. My experience with Donald is that he’s being real whether he’s on camera or off. He never preten...Read More
Oct 31, 2018 Guest(s): Marin Katusa Chairman, Katusa Research Gold miners have suffered of late, owing in part to poor capital allocation choices from management, said Marin Katusa, chairman of Katusa Research. "I've known David Garofalo [CEO of Goldcorp], and they announced today they're doing a massive buyback of shares. They've had a horrible quarter...they've been such poor allocators of cap...Read More
Oct 31, 2018 Guest(s): Andrew Hecht Author, Hecht Commodity Report Silver has the best potential for growth of all the metals, according to Andrew Hecht, author of the Hecht Commodities Report. Hecht noted that the gold-silver ratio is at the highest level since 1993, and while the white metal has been a laggard to its gold counterpart lately, it has the potential to see sudden moves. "Silver is...Read More
Peter Boghossian is a philosophy instructor, activist, author, speaker, and atheism advocate. He is a full-time faculty member at Portland State University. James Lindsay has a Ph.D. in mathematics and a background in physics and is also the author of three books.The pair (along with magazine editor Helen Pluckrose) published "hoax" articles in real, scholarly journals in order to expose the incom...Read More
Join Greg Hunter as he goes One-on-One with Eric Eggers, author of "Fraud: How the Left Plans to Steal the Next Election." 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
This week is "make or break" for the stock market, says strategist Charlie McElligott.If Monday provided an indication, "break" is more likely.Like a proud but aging heavyweight, stocks answered the opening bell with the best blood they could summon... and a chip on their shoulder.The Dow Jones was soon up and away, 352 points higher.But in later rounds stocks began to wobble... and stagger.By the...Read More
Kirkland Lake, Ontario - (October 30, 2018) - RJK Explorations Ltd. (“RJK” or the “Company“) (TSXV: RJX.A) has received results from the recent soil geochemical program on its Rolling Pond Property located in the Moosehead Trend of Central Newfoundland. The Phase 1 program was initiated to identify the southeastern extension of the Rolling Pond Structure associated with...Read More
"Civil unrest is associated with information cascades or activity bursts in social media, and these phenomena may be used to predict protests, or at least peaks of protest activity," Continue...Read More
(Adds comments, detail)MELBOURNE, Oct 30 (Reuters) - The world's biggest miner BHPBillitonhas trimmed its expectations of globalgrowth for next year and 2020 due to a "lose-lose" result fromthe U.S.-China trade conflict, a senior executive said onTuesday.BHP's modelling suggested the trade row would cut bothChinese and U.S. GDP growth by about a half to three quarters ofa percentage poin...Read More
(Kitco News) - Despite this October yielding one of the worst stock market performances since 1987, Janet Yellen, former Chair of the Federal Reserve, remained optimistic in her economic outlook. "At least in regards to the United States, I really think conditions are excellently excellent," she said during a live interview held at the 2018 Canada FinTech Forum in Montreal on Monday, "we haven't h...Read More
Gold will remain strong as long as global equity markets are weak.Gold's relative strength vs. stocks, bonds and currencies is growing.Without additional dollar weakness, though, gold's upside is limited. Without the intense fear generated by the global stock market rout, gold would surely be without any meaningful support. To that end, gold bulls can be thankful that gold's safety bid has...Read More
Correction in gold prices continues amid higher US yields and modest dollar gains. Gold suffers the worst slide in three weeks. The yellow metal corrected to the downside after reaching last week the strongest level since mid-July at $1,243/oz. Price bottomed during the American session at $1,224 amid a stronger US dollar and also higher US yields. The US dollar index rose mode...Read More