Peter KrauthGold prices spent the last week consolidating lower. Despite the pullback, I remain bullish on gold prices in 2018 and will show you my price target for March in just a moment.Gold's biggest nemesis last week was an overbought condition rather than the dollar, since the greenback is back to nearly the same levels.What has changed is sentiment. Quite simply, gold was overbought, and the...Read More
Feb 06, 2018 Guest(s): Doug Casey Best-selling Author The 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 gone...Read More
Feb 06, 2018 Guest(s): Frank Holmes CEO, U.S. Global Investors Bitcoin has fallen more than 60% since its December highs, but one prominent investor thinks that this is not a sign of the "bubble" bursting, and the largest digital currency still has more room to grow. "Bitcoin is a unique animal," Frank Holmes, CEO of U.S. Global Investors, told Kitco News on the sidelines of the Vancouver Resour...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Danielle DiMartino Booth discusses the massive market selloff and how the Federal Reserve will impact the economy if it continues to raise interest rates.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter Sh...Read More
Peter 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 often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Continue...Peter 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 often in the print media, including the Wall Street Journal, New York Times, Barron's,...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
"We have looked at this question closely and are confident Abdul El-Sayed is qualified to run for governor of Michigan."Continue...Read More
China is moving soldiers and missile defense batteries to its border with North KoreaContinue...Read More
The United States Court of Appeals for the First Circuit gave us an interesting glimpse of the future last week when it ruled on an obscure case involving government pension obligations.Continue...Read More
Calgary, Alberta (February 5, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that as of February 1, 2018 Michael McPhie, a Director of the Company, has stepped into the President and CEO position while Feisal Somji has taken on the Executive Chairman role. The Company issued to Michael 600,000 stock options with an ex...Read More
(Kitco News) - India’s newly released budget for the upcoming fiscal year does not do enough “to offset lower” countrywide gold demand, according to Capital Economics.Even though some measures might help boost demand for gold jewelry, the cost of importing the yellow metal increased, Simona Gambarini, commodities economist at Capital Economics, said in the latest Precious Metals...Read More
SHANGHAI, Feb 5 (Reuters) - China's central bank said it will skip open market operations for the eighth straight trading day on Monday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will drain 40 billion yuan ($6.35 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Monday....Read More
* Dollar index steadies after Friday's robust US jobs report* Dollar dips vs yen, however, amid broad equity market weakness By Shinichi SaoshiroTOKYO, Feb 5 (Reuters) - The dollar steadied on Monday after rallying on upbeat U.S. jobs data, which sent bond yields surging on the prospects of increasing inflation and hammered equities.The dollar index against a basket of six major currencies stood...Read More
SYDNEY, Feb 5 (Reuters) - Australian new vehicle sales hit another record for a January month as sports utilities flew off the lots, while strong demand for commercial vehicles spoke of solid business spending.The Australian Federal Chamber of Automotive Industries' VFACTS report on Monday showed 88,551 new vehicles were sold in January, up a healthy 4.3 percent on the same month of last year. Jan...Read More
(Kitco News) - Gold will be keeping January’s gains throughout the first half of 2018, according to BNP Paribas, but will face downward pressure in the second part of the year as the Federal Reserve proceeds with normalization of monetary policy.“Rising inflation expectations and a weak dollar, as long as they last, provide the support for gold’s current trading levels,” Ha...Read More
Feb 5 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesBoE deputy warns against 'bonfire of the regulations' after Brexit China's ecommerce giant JD.com to take on Amazon in Europe British Airways owner calls for break-up of Heathrow monopoly OverviewThe UK's top banking supervisor has warned...Read More
SYDNEY, Feb 5 (Reuters) - Australian job advertisements in newspapers and on the internet surged by the most in a decade in January, pointing to still-healthy demand for labour despite months of rapid employment growth. A monthly survey by Australia and New Zealand Banking Group out on Monday showed total job advertisements jumped 6.2 percent in January from December when they fell 2.7 percent. Th...Read More