U.S. stocks looked set to test further record highs Friday as corporate earnings surprised to the upside and helped lift markets to their best start to a year in at least three decades. Futures contracts tied to the Dow Jones Industrial Average gained around 100 points from their record close Thursday, indicating fresh all-time highs for the benchmark at the opening bell following stronger-than-...Read More
Yamana released today its preliminary results for the year 2017, which were above forecast.Both gold and silver production are anticipated to surge in 2018-2019 as the Cerro Moro adds to cash flow (production of 80K Oz of gold in 2018).Yamana has entered into a copper advanced sales program pursuant to which the Company will receive $125.0 million on January 12, in exchange for 40.3 M Cu Lbs.I be...Read More
The stock market is on another unstoppable tear as we finish another successful trading week.Stocks are popping left and right. It feels like every single stock and sector is getting a lift from the melt-up rally. But if you want to book the best possible results as you ride the next wave higher, it's crucial to pinpoint the market's strongest breakouts.Here's the fuel that's powering the market h...Read More
Greetings from Las Vegas!This week is the Consumer Electronics Show, otherwise known as CES.It’s the largest event of its kind. Over 170,000 people are expected to attend from all over the world to get a sneak peek at thousands the most innovative products and gadgets BEFORE they’re available to the public.Just this week I took a test drive in a self-driving car down the Las Vegas Stri...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record high, or just a case of futures speculators once again panic-buying themselves into an untenable long p...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”and then on Jan. 7, in NFTRH 481:“What HUI actually did was immedia...Read More
Usually we have a commentary of some kind as a back story to what is going on in the PMs. Our commentaries have become fewer and fartherbetween because of the absurdity of government control, which in turn is controlled by the ruling elite.Not a day goes by that the president elect, Donald Trump, is not severely criticized by mainstream media, both televised and in print.We have never seen this ki...Read More
Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point which suggests the bulls are eager to get positioned. A touch of the top rail will complete...Read More
The Heart and Soul of French Canada - "Rocket" RichardThe face you see above is none other than the man I watched in 1958 (I was five) score an unassisted goal carrying two Maple Leaf defencemen on his back - Maurice "the Rocket" Richard. The Rocket was the first player in NHL history to score fifty goals in regular season play (1944-45) but what set him apart was that he did it in fifty games, a...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short-term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More
Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point, which suggests the bulls are eager to get positioned. A touch of the top rail will complete...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:"With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play."and then on Jan. 7, in NFTRH 481:"What HUI actually did was immediately push up into...Read More
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Power.Read More
Click Here to Listen to the InterviewBill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bi...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Continue...Read More
Jan 13, 2018 Guest(s): Robert Kiyosaki Fiat money will lose its significance to precious metals and cryptocurrencies in the coming decades, said Robert Kiyosaki, best selling author of "Rich Dad Poor Dad" and his latest book "Why The Rich Are Getting Richer."A self-proclaimed gold bug, Kiyosaki is one of the few investors to be bullish on both Bitcoin and gold. In an exclusive interview with Ki...Read More
Jan 15, 2018 Guest(s): Paul Mladjenovic Author, Precious Metals Investing For Dummies Stock markets are at an all-time high despite overstretched valuations, but one best-selling author sees more upside in equities.Paul Mladjenovic, author of "Stock Investing For Dummies" and "Precious Metals Investing For Dummies," told Kitco News that recent political reforms in the U.S. could still create tai...Read More
Jan 15, 2018 Guest(s): Gerald Celente Publisher, The Trends Journal A new paradigm shift in support of cryptocurrencies means the world is going digital, says Gerald Celente, publisher of the Trends Journal.In an interview with Kitco News, Celente said that digital currencies like bitcoin will continue to gain popularity because people have lost faith in fiat currencies."It's a populist generati...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”and then on Jan. 7, in NFTRH 481:“What HUI actually did was immedia...Read More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More