CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
Technical analyst Clive Maund charts silver and discusses the factors that he believes will lead silver upward.Unlike gold and precious metals stocks, silver did not break out strongly on Thursday – although it rose, it did not break out at all, nor was volume exceptional, as we can see on its latest 6-month chart below. However, this is not a cause for concern, because in the early stages o...Read More
Technical analyst Clive Maund uses charts to explain why he believes the gold bear market is over. Thursday was a momentous day for the precious metals sector with gold, GDX and other índices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stock market was crashing. This is viewed as a str...Read More
Theoil price is rising due to the upcoming restrictions on the sale of Iranian oil- the second of a two-part set of sanctions imposed on the Middle Eastern powerfollowing the Trump Administration’s decision in May to withdraw from the Irannuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA).Sanctions lifted under the Obama Administration were re-imposed. Trumpsa...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
By Ira EpsteinGold gives ground to Fed Minutes.https://www.iraepstein.com/ Read More
The Bank for International Settlements has just published its September statement of account, giving summary information on its use of gold swaps and other gold-related derivatives in that month: https://www.bis.org/banking/balsheet/statofacc180930.pdf The information provided in BIS monthly statements is not sufficient to calculate a precise amount of gold-related derivatives, including swaps...Read More
By Frank HolmesYou've likely seen the reports: A whopping 44 percent of Americans wouldn't be able to afford a $400 emergency expense without borrowing it or selling something. That's according to the Federal Reserve's findings in 2017. And earlier this year, financial services firm Bankrate reported that only 39 percent of Americans would be able to pay off an unexpected expense of $1,000 from...Read More
I chimed in on the capriciousness of copper in the late spring (Mercenary Musing, May 28, 2018). Since then, copper prices hit a 3.5 year high at $3.29/lb in early June but then lagged over the summer months. Weakness continues unabated with Friday's close at $2.86 equating to a 13% loss from its ephemeral high in June: The downtick has occurred despite strong fundamentals: ?...Read More
By Stefan GleasonIs the Trump agenda in peril? It's a question investors should consider ahead of the mid-term elections.Up to now, the Trump economic agenda has certainly been great for Wall Street and much of the broader economy. The Dow Jones Industrials continues to defy all naysayers - notching yet another new record high in the first week of October before correcting.Meanwhile, the latest...Read More
Ah, Saudi Arabia, land of heat and contradictions. One day they're jailing women's rights activists for wanting to drive, the next day they're dismembering still-living Washington Post journalists. And yet they can count the world's capitalist democracies as friends, because today's dysfunctional economic/geopolitical system depends on both Saudi oil and Saudi willingness to help keep their (app...Read More
By Craig Hemke The mainstream media is shocked today to report that the U.S. federal deficit increased to $779B in fiscal 2018. This despite the fact that all of this was projected back in February. And we wrote about it back in February too. Here's the link: https://www.sprottmoney.com/Blog/total-us-debt-and... It was back then that the Office of Management and Budget first proposed that the t...Read More
Gold miners completed the inverse head-and-shoulders pattern - it's now a fact. And many analysts would have one believe that it's the only fact that matters right now or that it's of major importance. But just like focusing on one tree can make one miss the entire forest behind it, the above could make the entire precious metals outlook appear different than it really is. There are multiple fac...Read More
- "Large challenges loom for the global economy to prevent a second Great Depression" warn IMF- Massive government debts and eroded fiscal buffers since 2008 suggest global dominos await a single market crash- 2008 crisis measures cast long, dark "terrifying" shadowby William Pesek via Asia TimesIs another "Great Depression" on the horizon?It would be easier to dismiss these words from Nourie...Read More
Thinking North is a Canadian brain trust specializing in different genres of investments with the goal of finding select opportunities. We connect the brightest entrepreneurial talent with the financial community. Our investment network consists of angel investors, venture capitalists,financial executives, and business owners."The topic of this event is Trend Investing. If you are in the Toront...Read More
Full Article: Trillions in US net worth vulnerable to recession: IMFBy: WASHINGTON (AFP) A severe recession would slash US public wealth by about $5 trillion, causing vastly more damage to Washington's finances than just an increase in debt and deficits, the IMF warned Tuesday.Full Article: Trillions in US net worth vulnerable to recession: IMFBy: WASHINGTON (AFP) Disclaimer (C) 2010 Junior...Read More
Dear Reader,I have two stories to share with you today.They say that a picture is worth a thousand words. Study the diagrams below and see if you can pick up some of the distinctions between the two stories. If you’re financially intelligent, you can see important distinctions in the diagrams.Here is the first story:Here is the second story:The Power of Cash FlowThe first diagram depicts the...Read More
As the end of October approaches, I’m noticing tombstones popping up in a number of my neighbor’s yards.Of course, my kids are getting excited about Halloween and binging on as much sugar as possible over the next few weeks. But while the fake tombstones in my neighborhood have my kids excited about candy, I’m seeing a number of Wall Street tombstones popping up in my daily resea...Read More
- 2018 drill program expands the known Copper King mineralization- The eight-hole drill program was designed to further assess the westward extension of the Copper King deposit, initially intersected within the 2017 step-out hole, CK17-01rc- Multiple thick zones of copper, gold, zinc, and silver mineralization were intersected in five of the eight recently drilled holes- In addition, this new min...Read More