Swiss National Bank (the central bank of Switzerland) is a publicly traded institution, and its shares have been soaring.The market cap is a tiny fraction of its asset and liability base, so it is a highly leveraged entity. Its profits were huge in 2017, as markets "went its way".As a central bank, and one that has accumulated the largest balance sheet relative to GDP, SWZNF has been abl...Read More
Gold investors awoke to another jump in the precious metals complex as Trump administration officials talk down the US$ at Davos.The US$ is now down ~3% YTD and is hitting 3-year lows.With trade wars looming and the possibility of more deficit and debt spending, the outlook for gold remains the best I have seen in many years.Bloomberg reported this morning that the Trump team at Davos made comment...Read More
Mnuchin's greenback comments add fuel to fire: Oanda's InnesBullion hits 17-month high after slump in U.S. currencyPhotographer: Luke MacGregor/BloombergGold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse.Bullion at $1,400 an ounce is “achievable” in the next two months, Stephen Innes, head of trading for Asia Pacific at brokerage Oanda...Read More
Rand resurgence may continue to batter aging gold minesFewer than half of shafts may be profitable, analyst saysKganyago Says South Africa's Growth Is Fragile, Not Its EconomyFor South African gold miners, it’s both the best and worst of times.The metal started the year with a bang, rising more than 4 percent to the highest since August 2016. But an equally impressive rally in the rand mean...Read More
CloseGain/LossOn WeekGold $1349.60+$1.60+1.31%Silver$17.41+$0.11+2.29%XAU90.31+0.44%+2.66%HUI203.36+0.56%+3.27%GDM682.82+0.45%+3.11%JSE Gold1313.09-13.92+1.19%USD89.10-0.18-1.73%Euro124.24+0.07+1.68%Yen91.97+0.32+1.71%Oil$66.41+$0.63+4.80%10-Year2.659%+0.041-0.08%Bond148.84375-0.5625+0.17%Dow26616.71+0.85%+2.09%Nasdaq7505.77+1.28%+2.31%S&P2872.87+1.18%+2.23% The Metals: Gold gained $9 to $...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort305,81291,12864,523161,458396,010531,793551,661Change from Prior Reporting Period 3,949976-8,6473,2565,301-1,442-2,370Traders18096874657269202 Small Speculators LongShortOpen Interest 50,62830,760582,421 1,5302,45888 non reportable positionsChange from the previous reporting peri...Read More
"It's all paper money, it's going to dry up and blow away, and it will, and when it does, there's going to be a lot of unhappy campers." Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about s...Read More
Last week, Harry Dent took to Facebook in an exclusive broadcast, sharing information the mainstream financial media has been ignoring. Watch now - Our Power to Predict: The Future of the Markets and Your Wealth. Get your copy of Sale of a Lifetime here: http://harrydent.com/Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior...Read More
By Dave KranzlerThe impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. - Peter SchiffThe average middle class household is getting squeezed by an income that is not keeping up with the cost of living. Unfortunately, a major portion of the cost of living has become debt service. Mos...Read More
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress....Read More
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, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...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
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain the...Read More
In the 21st installment of CryptoGoldCentral.com's "One-on-One" interview series - which proudly, is part of the World Crypto Network - Andy is pleased to host one of the alternative media's most well-known political, financial, and social truth warriors, Mike Krieger. Follow him at @LibertyBlitz; read his free blog, libertyblitzkrieg.com; and donate to its cause, via the Bitcoin address 1ArSt9rxB...Read More
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationCrude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking...Read More
Eric Sprott discusses the rapidly falling US dollar and its impact on commodity prices. He also gives an update on the gold finds in the Pilbara region of Australia.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 20...Read More
In yesterday's alert, we wrote that the situation could change quickly and that in such a case, we would send another alert. Six minutes after yesterday's opening bell, we already posted the second alert. And for a very good reason. The USD Index took a deep dive and metals were not even close to reacting in a normal way. They were actually a bit lower. We know an extremely bearish signal when w...Read More
WikiLeaks founder Julian Assange will know next month if he has succeeded in having a warrant for his arrest dropped.Continue...Read More
- Davos elite hear warnings of complacency akin to 2007 as economic risks grow- Toxic mix of infallible belief, arrogance, megalomania and economic ignorance- Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions- Soros: Trump creating 'mafia state' & 'set on a course towards nuclear war' with N Korea- Bond bear market, rising interest rates and massi...Read More