By Steve St. AngeloThe U.S. Government is in serious trouble when interest rates rise. As interest rates rise, so will the amount of money the U.S. Government will have to pay out to service its rapidly rising debt. Unfortunately, interest rates don't have to increase all that much for the government's interest expense to double.According to the TreasuryDirect.gov website, which came back on...Read More
Recently we called the top in gold, silver, miners, and palladium. This was based on several technical indicators including our cycle analysis.Below is a quick snapshot of how we and our members profited from the recent drop in precious metals. Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and tech...Read More
- "We have a stock market bubble" warns Greenspan- "Bond bubble will be the big issue" he tells Bloomberg TV (see video)- "Fiscally unstable long-term outlook in which inflation will take hold"- "Ratio of federal debt to GDP which is extraordinarily high" (see chart)- Higher interest rates, inflation and stagflation coming- Gold is the "ultimate insurance policy" - GreenspanSource: US Fundsvia Blo...Read More
- CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation - Deutsche Bank 'engaged in a scheme to manipulate the price of precious metals futures contracts'- UBS 'attempted to manipulate the price of precious metals futures contracts'- HSBC engaged 'in numerous acts of spoofing with respect to certain futures products in gold and other precious metals'- Gol...Read More
Listen to this podcast airing on our site Saturday by clicking here or subscribe on iTunes here.The long-awaited correction in the stock market finally took place this week with the S&P 500, Dow, and other major averages currently down over 3% from their late-January highs. Is this the top or the end of the bull market?Financial Sense Newshour just had the honor of speaking with...Read More
"They have allowed bubbles to build that are so huge I cannot even get my head around them, and I study this stuff around-the-clock."Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics,...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
Economic and market conditions are eerily like they were in late 2007/early 2008.Remember back then? Everything was going great. Home prices were soaring. Jobs were plentiful.Continue...Read More
Days ago Gold reached its 5-year trendline resistance but since then it has backedContinue...Read More
Continue...Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper...Read More
"For the moment, I don't see signs of an economy going into overdrive or a bubble about to burst, so I have not adjusted my views of appropriate monetary policy," Continue...Read More
Feb 05, 2018 Guest(s): Doug Casey Best-selling Author Major structural problems in the U.S. economy and around the world may create headwinds for the stock markets, said best-selling author, Doug Casey."One big problem is the central bank," Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "they keep creating trillions and trillions of new currency units."Ca...Read More
*This interview was recorded on Feb. 2Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the P...Read More
Gold prices are rising. They bottomed in December 2015 at $1,046, a year later in December 2016 at $1,124, and again in December 2017 at $1,241. The bull market in gold has shown renewed life, as the bull market in stocks is displaying weakness, old age, and terminal blow-off behavior.1 - DOLLAR DEVALUATION:Potentially the most important force pushing gold prices higher is the inevitable devaluati...Read More
(Kitco News) - The amount of gold and silver transferred between accounts of London Bullion Market Association (LBMA) members spiked in December, the organization reported Thursday.The average volume of gold ounces transferred daily in December jumped a staggering 32.8% to 26.8 million ounces —its highest level since June 2013, the LBMA said.The value of gold ounces transferred daily in Dece...Read More
CloseGain/LossGold $1350.00+$4.30Silver$17.24-$0.09XAU87.60-0.07%HUI196.70+0.13%GDM661.96-0.27%JSE Gold1244.84-0.24USD88.59-0.51Euro125.19+1.06Yen91.44-0.26Oil$65.80+$1.0710-Year2.779%+0.059T-Bond146.125-1.6875Dow26186.71+0.14%Nasdaq7385.86-0.35%S&P2821.98-0.06% The Metals: Gold fell $8.30 to $1337.40 in London, but it then rallied back higher throughout most of trade in New York and ended...Read More
MONTEVIDEO, Feb 1 (Reuters) - Uruguay needs financing of $3.077 billion this year and will help meet that amount through multi-lateral borrowing and issuance of $2.7 billion in bonds, the economy ministry said in its quarterly debt report on Thursday.The country ended 2017 with a fiscal deficit of $2.0 billion, or about 3.5 percent of gross domestic product.Proceeds from the bonds due to be issued...Read More
* Dollar index sags, not far from three-year low* Strong manufacturing survey underpins euro* U.S. jobs report in focus later on Friday By Lisa TwaroniteTOKYO, Feb 2 (Reuters) - The dollar nursed losses against a basket of currencies on Friday, on track for a weekly fall as investors focused on renewed economic strength in the eurozone.The dollar index, which tracks the greenback against a basket...Read More
Mr. Paul Huet reports KLONDEX REPORTS 2017 PRODUCTION RESULTS AND PROVIDES 2018 GUIDANCE; ANNOUNCES POSTPONEMENT OF INVESTOR DAY Klondex Mines Ltd. has releasedits preliminary operating results for the fourth quarter and full-year 2017. In addition, the company reported that its investor day, previously scheduled for Feb. 7, 2018, has been postponed as Paul Huet, the president and chief executive...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -0.7 pct, HSI -0.8 pct* Shanghai->HK daily quota used 17.8 pct* HK->Shenzhen Connect daily quota used 9.3 pct, Shenzhen->HK daily quota used 4.5 pct* CNY official close 6.2965 per dollar* FTSE China A50 +0.4 pct, BNY Mellon ADR China Select Index -1.7 pct SHANGHAI, Feb 2 (Reuters) - Following is a list of recent corporate and polic...Read More