By Frank HolmesAccording to the 2018 edition of the Stock Trader's Almanac, October has been a "great" time to buy. Once ranked last in terms of stock performance, the 10th month has delivered relatively average returns since 1950. What makes it so attractive is that it's followed by November and December, historically among the very best months for stocks. We're also entering the three most bul...Read More
Stock market bulls could catch a break if the retracement in Treasury yields continues for a while. The chart shows yields on the Ten-Year Note to have peaked last week at 3.25%. The correction has since hit 3.12% and could conceivably go lower. Although my rally target at 3.32% lies significantly above, that target comes from the weekly chart, and charts of lesser degree look maxed out for th...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
Investors in the cannabis space have thus far focused primarily on the growers of the product. We first recommended Canadian greenhouse growers in 2016, added in 2017 and added again in early 2018. It has been a very profitable ride and I believe there is more upside ahead for cannabis growers over the next 12 months.But they will eventually face margin compression, as the supply shortfall turns i...Read More
Many believe the U.S. cannot compete with China on a manufacturing basis. While the U.S. is unlikely to employ as many manufacturing workers as it did in the 1970s, it is much stronger - and competitive - than most assume.This time on FS Insider we spoke with Lauren Saidel-Baker at ITR Economics to discuss their outlook on the U.S. economy and on the factors making America's manufacturing great ag...Read More
Most of us know the story of Chicken Little, who ran around the barnyard crying out about impending doom after an acorn fell on her head. In the story, the sky is not falling, of course, but to Chicken Little, facts didn’t matter. Rather than investigate and learn what was happening, Chicken Little panicked and spread her fear to others.All of us know Chicken Littles-the classic cynic and pa...Read More
Calgary, Alberta (October 16, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that the Company has hired Mr. Richard Dufresne, P.Geo. as Exploration Manager for the Company's projects in British Columbia and Mexico. The Company is also providing an update on the company's current diamond drilling campaigns underway...Read More
Oct 17, 2018 Guest(s): Gianni Kovacevic Executive Chairman, CopperBank Copper and aluminum are the enablers of our transition into cleaner electrification, said Gianni Kovacevic, executive chairman of CopperBank. "I like copper. Copper is the Achilles' heel to green energy. Now, I've been saying this for a long time, I say in my book, that the greener and cleaner hat we create energy, the more t...Read More
Oct 17, 2018 Guest(s): Michael White President & CEO, IBK Capital The mining sector's future performance will be based on fundamentals that are independent from the cannabis or crypto markets, said Michael White, president and CEO of IBK Capital. "Mining is cyclical. We are going through a cycle. We've been through many years of a downturn. I believe that we are skipping along the bottom now, an...Read More
Oct 17, 2018 Guest(s): Andrew Cosgrove Global Head of Metals & Mining Research, Bloomberg Intelligence Last week's rally in gold was only temporary, and more headwinds lie ahead for the yellow metal, according to Andrew Cosgrove, global head of metals & mining research at Bloomberg Intelligence. "I don't think this is the real breakout. I don't think this is 'the' [equity] selloff. I do thin...Read More
Oct 16, 2018 Guest(s): Matthew Mark Director of U.S. Distribution, World Gold Council The long-term drivers of gold account for 60% of the yellow metal's demand, this according to Matthew Mark, Director of U.S. Distribution at the World Gold Council. "When you look at all drivers of demand, between central banks buying gold as a store of value as a reserve currency, investors investing in coins...Read More
Former Dallas Fed insider, Danielle DiMartino Booth, spoke with SBTV about the inner workings of the Fed and how the Federal Reserve missed the train wreck which resulted in the 2007 Financial Crisis. Without being alarmist, Danielle presented a factual view of how leveraged and indebted our financial system has become.Discussed in this interview:04:41 How did the Federal Reserve miss the 2007 fin...Read More
Autonomoust spy machines are already patrolling the streets of New York City. Capable of 24 hours surveillance, the robotsContinue...Read More
In view of the long-term national and economic strategy goals, the Monetary Council of the National Bank of Hungary has 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
David Morgan, publisher of The Morgan Report, talks about two companies that have come up with groundbreaking technologies Continue...Read More
* U.S. seeking to make forex part of trade talks * Tokyo trying to tip-toe around yen, but strategy may notwork * Japan-U.S. have agreed to trade talks, autos in crosshairs (Adds details on NAFTA, economist's quote)By Stanley WhiteTOKYO, Oct 16 (Reuters) - The U.S. government had not spokento Japan about including provisions in free trade agreements todeter currency manipulation, Japanese Finance...Read More
By Frank Jack DanielMEXICO CITY, Oct 15 (Reuters) - The United States is seekingto impose quotas on Mexican steel exports as part of anegotiation to remove metals tariffs, the chief trade negotiatorof Mexico's incoming government said on Monday, adding the issueneeded to be resolved within weeks.The administration of U.S. President Donald Trump imposedthe tariffs on Canada and Mexico in June, citi...Read More