By Frank HolmesMonday's monster stock selloff is exhibit A for why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs.What began on Friday after the positive wage growth report extended into Monday, with all major averages dipping into negative territory for the year. The Dow Jones I...Read More
- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting...Read More
In terms of time, a short-term secondary low is due for Gold here in the current timeframe, originally projected for the February 7th date, but with the normal plus or minus variance of a day or two in either direction. The current decline comes as a result of the 10, 20 and 34-day cycles, each of which have been pointing south off the 1370 swing top - and with the combination of the same at or in...Read More
Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More
For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
It has been an emotional ride for most traders since stocks started to sell off last Friday in a big way. This crash we just experienced is VERY much like the Aug 2015 crash. Price and volatility both have parabolic price movements that could either make you a lot of money or lose a bundle depending on where your money was positioned.This post is to quickly share three recent trades we have taken...Read More
For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More
CloseGain/LossGold $1315.30-$6.40Silver$16.33-$0.27XAU80.54-1.90%HUI179.84-1.11%GDM609.88-1.60%JSE Gold1174.79-18.33USD90.35+0.64Euro122.71-1.06Yen91.38+0.04Oil$61.79-$1.6010-Year2.841%+0.039T-Bond144.59375-1.4375Dow24893.35-0.08%Nasdaq7051.98-0.90%S&P2681.66-0.50% The Metals: Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midaft...Read More
There's a sneaky development underway, one that's been off the radar of most investors. It contributed to the recent stock market plunge, and if it really takes hold it has major ramifications for the three G's: groceries, gas, and gold.What is this development? Here are a few hints...US Treasury yields are now at their highest level in four years, with the two-year note hitting a 10-year highThe...Read More
VANCOUVER, BRITISH COLUMBIA / February 7, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") has received notice of publication of its patent describing metal-air fuel cells under the Patent Cooperation Treaty (PCT/CA2016/051080). The patent application has entere...Read More
For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More
CommentaryBy Ira EpsteinCurrent events have injected financial markets with a solid does of volatility. Wage inflation showed up in the latest US Jobs Data numbers both here and in Germany. Japan continues to languish. Stock indices ended a vertical move to the upside, that began on January 1st and ended on January 29th. As you know gold soared at year end along with stock indices. Gold was at...Read More
- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting as...Read More
By Jeff ClarkThere's a sneaky development underway, one that's been off the radar of most investors. It contributed to the recent stock market plunge, and if it really takes hold it has major ramifications for the three G's: groceries, gas, and gold.What is this development? Here are a few hints...US Treasury yields are now at their highest level in four years, with the two-year note hitting a 1...Read More
For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More
Full Article: Buy This While It's Still CheapBy: Doug CaseyThe trending investment themes today, like cryptocurrencies and marijuana stocks, are too overbought to get in right now, said best-selling author Doug Casey."I'm up maybe 50 to one on [bitcoin]" Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "but I can't recommend something to people after it's go...Read More
By David HaggithIt took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn't call that jolting reversal a stock-market crash in the ordinary sense, the largest one-day point fall in the history of the market (by far) certainly marks a massive change in market conditions. From this point forward, it won't be the same market...Read More
By Avi GilburtOver a week ago, in my analysis to my members, I noted that, ideally, I was looking for the market to pullback and test the 2800SPX region. And, the market certainly dropped down to the 2800 region, but also broke the 2796SPX support upon which I was focused. That had me begin to focus on the 2700SPX region of support. And, today, we dropped and broke my next level of support at 27...Read More
U.S. crude production rose to its highest level ever this past reporting period and surpassed Saudi Arabia as second-ranked in the worldContinue...Read More