Gold rose due to safe haven demand on the global stock market plunge. Gold gained despite a strong US dollar. If gold rises today, then there will be short covering. A lot of short term traders are short. One needs to remain on the sidelines in gold and silver. In case of extreme margin money pressure in stock markets, some of the long positions in precious metals and industrial metals could get...Read More
Trump-Mnuchin qualifiers in dollar statements tell all“While it’s [a strong dollar] described as a desirable and intended thing, it might not be a choice. The size of dollar holdings of reserves (in dollar-denominated debt) and the dollar’s role as the dominant world currency are anachronisms and large relative to what one would want to hold to be balanced, so rebalancings should...Read More
Clients were greeted with the message, "Our homepage is temporarily unavailable but don't worry, we're working quickly to fix this problem."Continue...Read More
By Ira EpsteinMetals lose "safe haven" bids as stock indices recover.https://www.iraepstein.com/ Read More
On Janet Yellen's last day as Fed boss the markets suffered their worst percentage loss in 20-months. Yesterday, on Jerome Powell's first day as Fed Chairman, the VIX spiked by its largest amount on record and the Dow suffered its largest single day point drop ever (and 100th worst percentage drop in history). Intent on showering us with some logic as prices rain lower, the media tells us that...Read More
The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More
A monthly Tsunami Warning test was issued around 830 am by @NWS_NTWC . We have been notified that some users received this test message as an actual Tsunami Warning. A Tsunami Warning is not in effect. Repeat, a Tsunami Warning is not in effect Continue...Read More
Vancouver, BC - February 6, 2018: Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") is pleased to announce that the ongoing resource development program at the Gladiator Gold Deposit has extended the North, Footwall and Main Zones by 200 m down plunge to the east. High-grade intersections identified in step-out drilling east of the known mineralization de...Read More
Silverwas just breaking to new highs, gold stocks (HUI) were above the 205 level andgold was at levels not seen since August 2016. Gold and silver bulls werecheering. They are not cheering anymore. Even though the above was the casejust several days ago, it was all invalidated, just like we expected it to be.Based on what happened on Friday, silver and mining stocks are at their new2018 lows and t...Read More
The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More
The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More
There are two trends that go counter to the go-go forecasts from recent tax cuts in the U.S. - which are obviously positive, at least for the near term.Continue...Read More
By Dave KranzlerYesterday was amusing. The meat with mouths on the so-called financial networks were crying, "how could this have happened." Funny thing, that. They don't raise the slightest doubt of conviction when the Dow soars 2,676 points in less than two months - 23,940 on November 29th to 26,616 on January 26th. But when the market takes back that move in 6 trading days it's a...Read More
In the next downturn (which may have started last week, yee-haw), the world's central banks will face a bit of poetic justice: To keep their previous policy mistakes from blowing up the world in 2008, they cut interest rates to historically - some would say unnaturally - low levels, which doesn't leave the usual amount of room for further cuts.Now they're faced with an even bigger threat but are a...Read More
Kelsey Williams is a retired financial professional living in Southern Utah. His website, Kelsey's Gold Facts, contains self-authored articles written for the purpose of educating others about Gold within an historical context.Continue...Read More
- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and ?,?1,067 to ?,?1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More
Graceland Updates By Stewart Thomson 1. The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.2. I've announced a long term target for GDX of $15,000. That really isn't very high... given the strong inflation numbers that I am projecting for America in the years ahead.3. Having s...Read More
By Graham Summers The markets just changed. Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation. Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small...Read More
On Janet Yellen's last day as Fed boss the markets suffered their worst percentage loss in 20-months. Yesterday, on Jerome Powell's first day as Fed Chairman, the VIX spiked by its largest amount on record and the Dow suffered its largest single day point drop ever (and 100th worst percentage drop in history). Intent on showering us with some logic as prices rain lower, the media tells us th...Read More
- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More