The major averages added to their Friday gains to start the new trading week. The Dow tacked on another 400 points. The S&P 500 finished higher by 1.4%. Even bitcoin is gaining ground…But many investors aren't convinced this bounce will stick. They're pulling their money out of the markets because they're certain a bigger correction is just over the horizon.To be fair, we don't know if t...Read More
Prices have slipped.The dollar is supportive for precious metals.Interest rates weigh on the shiny metals, for now.Support and resistance levels.Three reasons for higher prices later this year.Gold and silver both repeated their patterns of lows in December and price recoveries at the start of a new year for the third time in late 2017 and early 2018. It is likely that the markets' perception that...Read More
CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More
By Ira EpsteinGold rallies sharply off of inflation as shown in today's US CPI numbers.https://www.iraepstein.com/ Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff 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 o...Read More
Self-destruction usually happens in stages. At first there's a binge in which the thrill outweighs the sense of transgression. This is usually followed by remorse, acknowledgement of risks, and an attempt to reform. But straight-and-narrow is exhausting, and because of this is frequently just temporary, eventually giving way to a kind of capitulation in which the addict drops even the pretense o...Read More
By Jeff ClarkThere aren't many investment scenarios you can point to with any degree of certainty and say, "This asset is going to rise." Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in go...Read More
By Mike MaloneyWhat is the Internet Of Things and what promises does it hold? In this bonus feature from Hidden Secrets of Money Episode 8, Mance Harmon of Swirlds Inc explains what IoT is and where it is likely to go.What is the Internet of Things?Many of the appliances and devices that previously weren't computerized like light bulbs, baby monitors, and washing machines have become computerize...Read More
We live in very specific times. Getting a "like" on a post or picture becomes a necessary daily activity and means of self-validation. Not "liking" something that others posted or that is massively "liked" like may be frowned upon or even viewed as being disrespectful. Plus, it seems that no matter what you do, everyone gets offended very easily. When did honesty, independence and common-sense s...Read More
- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More
By Rory HallIf you have a problem then you have a solution, otherwise you're just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive. They do exist, it's just a question of getting to them and bringing them to life. After swimming in the problem, as most of us have been doing for...Read More
There aren’t many investment scenarios you can point to with any degree of certainty and say, “This asset is going to rise.” Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in...Read More
The amount of gold mined in a year is only about 1.5% of the total existing stock of gold, which is why changes in gold production have almost no effect on the gold price. It is also why changes in the cost of mining gold do not affect the gold price. In fact, cause and effect works the other way around the change in the market price of gold determines, with a lag, the average cost of mining g...Read More
"I would also point out the administration is really heteronormative about [Valentine's Day] which is kinda f***** up." Continue...Read More
By Gary SavageThis video examines the current daily cycles in the dollar and euro and suggests caution is warranted for the gold market.https://blog.smartmoneytrackerpremium.com/ Read More
We live in very specific times. Gettinga “like” on a post or picture becomes a necessary daily activity and means ofself-validation. Not “liking” something that others posted or that is massively“liked” like may be frowned upon or even viewed as being disrespectful. Plus,it seems that no matter what you do, everyone gets offended very easily. Whendid honesty, in...Read More
As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More
By Steve St. AngeloAfter the U.S. Government passed the new budget and debt increase, with the President's signature and blessing, happy days are here again. Or are they? As long as the U.S. Government can add debt, then the Global Financial and Economic Ponzi Scheme can continue a bit longer. However, the days of adding one Dollar of debt to increase the GDP by two-three Dollars are gone...Read More
As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More
Self-destruction usually happens in stages. At first there's a binge in which the thrill outweighs the sense of transgression. This is Continue...Read More