To say that gold's weekly volume was big is like to say that snails are not the fastest animal. You can't say that it's a lie, but it doesn't really convey the entire truth, either. Gold's weekly volume was highest EVER. Yes, ever. There was not a single week - not ever during the 2011 top or when gold declined in 2008 - when gold moved on volume that was higher than what we saw last week. Is t...Read More
"We want full transparency," Sarah Sanders said Monday. "That's what we have said all along."Continue...Read More
The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More
I started in the Treasury bond business in 1985 after a 10-year career in commercial banking. I retired as a senior officer of Citibank that year Continue...Read More
Mike Gleason: Jim, you're a very well-traveled individual who has his finger on the pulse of what's going on, not just here in the states, but around the world. I know you were just in Europe. Is complacency an issue all over the globe or is it just a Western World thing or an American thing? What are people thinking and doing in other parts of the world? I know that's a pretty broad question, but...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
Michael Stumo was impressed by Trump's performance at Davos. He was also favorably disposed towards Commerce Secretary Wilbur Ross's statements about US trade policy. And then right afterwards, tariffs were increased on Chinese solar panels and Korean washing machines. It appears that we finally have a president who is walking the walk on trade. Read More
Tosay that gold’s weekly volume was big is like to say that snails are not thefastest animal. You can't say that it’s a lie, but it doesn't really convey theentire truth, either. Gold’s weekly volume was highest EVER. Yes, ever. Therewas not a single week – not ever during the 2011 top or when gold declined in2008 – when gold moved on volume that was higher than what...Read More
Rates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt.Corporations added...Read More
Rates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt.Corporations added...Read More
Hmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one?In order to get this information out as quickly as possible, we'll save the price implications for later. But just today I saw this posted at Silver Doctors. I only post it here as a demonstration of typical Apologist garbage: https://www.silverdoctors.com/gold/gold-news/keith-weiner-weve-debunk...Read More
Gold and gold stocks have enjoyed an excellentrebound since their December lows. Over the past six weeks Gold rebounded froma low of $1238 all the way to $1365 in recent days. The miners meanwhilerebounded nearly 18% (GDX) and 21% (GDXJ). However, these markets areapproaching important resistance levels and at a time when sentiment isbecoming stretched and the US Dollar has become very oversold.Ta...Read More
"Well, as I think Dan indicated, we talk about issues. We don't talk about gossip,"Continue...Read More
Rates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt.Corporations added...Read More
CloseGain/LossGold $1342.00-$7.60Silver$17.18-$0.23XAU87.47-3.15%HUI195.77-3.73%GDM663.35-2.82%JSE Gold1300.17-12.92USD89.36+0.26Euro123.83-0.41Yen91.91-0.06Oil$65.56-$0.5810-Year2.691%+0.032T-Bond148.15625-0.59375Dow26439.48-0.67%Nasdaq7466.51-0.52%S&P2853.53-0.67% The Metals: Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours,...Read More
How sensible is it to invest in gold? There is no blanket answer to this frequently asked investor question. Much more depends on what you personally expect from an investment in gold.In this second part another 10 experts give their blunt opinion about investing in Gold. They talk the pros and cons of buying gold, each from their own perspective. Read part 1 here.1- Physical Gold and Silver are l...Read More
"These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law," Continue...Read More
By Craig HemkeHmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one?In order to get this information out as quickly as possible, we'll save the price implications for later. But just today I saw this posted at Silver Doctors. I only post it here as a demonstration of typical Apologist garbage: https://www.silverdoctors.com/gold/gold-news/keith-we...Read More