The bond bubble will be the critical one, Greenspan saysNotes that the U.S. is working toward higher interest ratesThe man who made the term “irrational exuberance” famous says investors are at it again.“There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and S...Read More
It raises size of 3-, 10- and 30-year debt sales next weekTreasury also plans to lift all other tenors sold over quarterHarvard Professor Martin Feldstein says the projected deficits are "terrible."President Donald Trump’s administration will increase the amount of long-term debt it sells to $66 billion this quarter, marking the first boost in borrowing since 2009 as the Treasury seeks to c...Read More
The gold price has moved ahead this year, despite rising US interest rates and a persistent bull market in equities. Looking ahead, there are several reasons to believe that gold could maintain upward trajectory, as John Reade, Chief Market Strategist at the World Gold Council, explains.Investor attention may have been focused on US equity markets, technology stocks and crypto currencies this year...Read More
Gold is projected to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country's leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (www.PNGdealers.org).Members of the Guild's Accredited Precious Metals Dealer pro...Read More
At the Vancouver Resource Investment Conference, the Investing News Network interviewed Jeffrey Christian, managing director of CPM Group, to talk about what's ahead for 2018 and beyond. Christian expects a modest increase for gold in 2018, with growth relatively flat in the first half of the year. He expects the price to somewhat accelerate in the second half of 2018 and into 2019. Christian is s...Read More
Adds 'further' for emphasis in outlook for gradual hikesInflation 'is expected to move up this year,' FOMC saysThe Fed keeps borrowing rates unchanged. Bloomberg's Chris Condon reports.Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged while adding emphasis to their plan for more hikes, setting the stage for an increase in March under her...Read More
Stocks rose on Wednesday, Jan. 31, after a robust outlook from Boeing Co. (BA) but then began to fall as Wall Street digested an announcement on interest rates from the Federal Reserve. But Wall Street rebounded and stocks finished the day higher. The U.S. central bank decided not to raise interest rates at its meeting Wednesday. But economists do expect the central bank to lift rates whe...Read More
Late recovery lifts S&P 500 to best start of year since 1997Gold, crude oil settle higher for first time in three daysTroy Gayeski, senior portfolio manager at Skybridge Capital, on the outlook for the dollar and impact from the Fed.Treasury yields touched almost four-year highs and U.S. stocks managed to hold onto late gains after Federal Reserve officials set the stage for an rate increase in Ma...Read More
Wall Street futures surged higher Wednesday after stronger-than-expected earnings and a robust outlook from Boeing Co. (BA) as investors looked to a return to equity markets following the biggest two-day declines in more than two years. Early indications from Wall Street futures suggest a modest rebound for markets in the United States following yesterday's slump, which hived more...Read More
The gods' sense of humor is vastly underappreciated…For the past year President Trump has shimmied and crooned about the roaring stock market.He has made America Great Again... and the stock market has made America Rich Again.Sample quote, dated Jan. 5, 2018:Dow goes from 18,589 on November 9, 2016, to 25,075 today, for a new all-time Record. Jumped 1000 points in last 5 weeks, Record fastes...Read More
Publicly traded marijuana companies continue to ride a wave of optimism. Before the decade is out, pot could be on its way to being legal in many more states.When that happens, the tiny pioneers of this market could balloon into industry giants - vastly rewarding anyone who was brave enough to invest at the start of the wave.But you don't have to wait for more state governments to get their acts t...Read More
The S&P 500 just suffered its worst trading day since August.The record run of low volatility we've enjoyed has official warped our minds. Even the smallest moves lower feel like a big deal. The S&P lost just 31 points on Tuesday - a measly 1% drop.Yes, you read that correctly: The S&P 500 dropped more than 1% during a single trading session for the first time in five months... Stocks...Read More
It's finally happening!After months of planning, political wrangling and controversy, Trump's “Cash for Patriots” program is underway!The process actually started as a campaign promise before the 2016 election.Last February, I wrote a report about this “Cash for Patriots” program and explained how Trump's new policies would lead to big cash payments for Americans. And I'm h...Read More
CurrencyBitcoin Is the New GoldInvest in it, perhaps. But don't try to shop with it.by Noah Smith@NoahpinionMore stories by Noah SmithRead More
Gold has stopped to respond to the changes in the U.S. real interest rate.Dollar and inflation are now gold's main drivers.Inflation creates a long-term positive background for gold.Dollar threatens gold with ashort-term correction. Investment Thesis The analysis of the gold market prospects amid the actual driver indicates the conservation of a positive, long-term trend and the risk of a short-te...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
By Jeff ClarkMost price forecasts aren't worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables and dynamics, that even the most educated guess almost always ends up wrong.Further, some forecasts base their predictions on one issue. "Interest rates will rise so gold will fall." That's not even an accurate statement, let alone a sensible prediction...Read More
Jordan Roy-Byrne joins me today to look at the monthly charts now that we are wrapping up January. We look at gold, silver and GDX. Gold is trading at the top of its recent range but GDX and silver are still stuck mostly in the middle of their ranges. https://thedailygold.comRead More
By Mike MaloneyHave you ever seen this much gold in one place? In this video, Mike Maloney shows the remarkable images coming out of Russia that are evidence of their recent surge in gold reserves. What do they see coming? Is this a subtle challenge to Fort Knox and their ongoing lack of transparency? Read More
"It would be easy to picture silver going up by huge jumps - $10 in a day - for five or six straight days....That's completely feasible," says John Rubino of Dollar Collapse.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...Read More