Eventhough mining stocks closed last week below the Jan. 2 close and silver evendeclined below the Dec 31, 2017 close, gold moved higher. It’s not far fromthis year’s top either. So, is all well and are bullish goldprice forecasts justified? Not necessarily. In today’s article, weshow you two reasons why it’s a good idea to think twice before opening longpositions in gold.S...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
XAUUSD is facing the resistance of theupper trend line (now at around 1343.00) of the triangle pattern on its weeklychart once again. Being contained by the trend line, the gold price pulled back from 1344.65. Let’s look into the 4-hour chart, the fallfrom 1344.65 is likely consolidation of the uptrend from 1236.45. Deeperdecline towards 1305.82 key support would likely be seen in the coming...Read More
It's deja-vu all over again, as baseball legend Yogi Berra might have said. The politicians and media are telling us the world is coming to an end because a "compromise" could not be made at the 11th hour to keep the Federal government in business.Republicans blame Democrats for the shutdown over their insistence on legislation to benefit about 700,000 "Dreamers" - immigrants who were brought ille...Read More
By Keith WeinerWe have been discussing the consumption of capital. We again must say:"We see people eating more of the seed corn."Right now as we write this on Saturday afternoon, the US government has "shut down", due to a political impasse on the legislation to fund its continuing operations. Government funding is a mix of taxing and borrowing. Government borrowing provides a segue into anothe...Read More
Kai Stinchcombe, co-founder and CEO of True Link Financial, joins the team to discuss his recent article questioning the utility of the supposedly-groundbreaking software for digital assets. 2:07 The case against the blockchain4:14 A costless and decentralized form of exchange: #Cash4:45 Bitcoin conference doesn't accept bitcoin7:17 Ripple and international payments12:28 "Here's your #libertarian...Read More
Tradingposition (short-term; our opinion): No positions are justifiedfrom the risk/reward perspective.Althoughthe EIA weekly report showed that crude oil inventories dropped for a ninthstraight week and distillate stockpiles fell more than expected, U.S.production outweighed positive news. But did yesterday price action changeanything in the technical picture of black gold? Yesterday’sreport...Read More
The financial media is finally catching on to something we've been screaming about for years...That the Fed's preferred metric for measuring inflation is a complete joke.Making matters more difficult, the Fed's preferred inflation gauge does a pitiful job of capturing the quandary facing many households that live paycheck to paycheck. The so-called core PCE is the central bank's go-to inflation me...Read More
COLORADO SPRINGS, CO, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2017 year-end and fourth quarter mill production results. The Company produced approximately 28,117 gold ounces and 1,773,263 silver ounces for the 2017 year, which met its annual gold and silver production target ranges. Gold Resource Corporati...Read More
Continue...Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become a scholar and philosophical essayist. Taleb is currently Distinguished Professor of Risk Engineering at New York University's Polytechnic Institute, but he self-funds his research and operates in the manner of indepen...Read More
The financial media is finally catching on to something we've been screaming about for years...That the Fed's preferred metric for measuring inflation is a complete joke.Making matters more difficult, the Fed's preferred inflation gauge does a pitiful job of capturing the quandary facing many households that live paycheck to paycheck. The so-called core PCE is the central bank's go-to inflation me...Read More
Pension Crisis And Deficit of ?2.6B At Carillion To Impact UK Pensions- Carillion collapses leaving a ?900 million debt pile and 30,000 pensions at risk- Carillion PLC share price has collapsed 94% in last twelve months- Private analysis of Carillion's pension deficit reveals it to be as high as ?2.6 billion- Figure adds to the UK's ongoing pension crisis, both private and state are severely...Read More
The gold market has been mired in a four-and-a-half year basing pattern. The rally that began late last year has taken prices up toward a major resistance zone. It's make or break time!Also, on the cusp of a potentially big move is the bond market.Bonds haven't been making headlines like the stock market, but where the bond market heads next could be crucial for stocks as well as metals (not to me...Read More
While Gold is very close to a major breakout(in price) its strength has not filtered down to Silver yet. Gold is 3% awayfrom a major breakout and comfortably above its long-term moving averages.However, Silver is well below its 2016 high and is currently battling its200-day moving average. But that is okay. Silver typically lags andunderperforms Gold until Gold gains momentum or breaks key resista...Read More
CloseGain/LossGold $1334.60+$2.40Silver$17.01-$0.01XAU88.31+0.38%HUI197.66+0.37%GDM663.51+0.15%JSE Gold1268.77-28.92USD90.39-0.28Euro122.60+0.41Yen90.10-0.32Oil$63.49+$0.1210-Year2.660%-0.001T-Bond148.75-0.25Dow26214.60+0.55%Nasdaq7408.03+0.98%S&P2832.97+0.81% The Metals: Gold waffled between $1335.60 and $1328.60 in Asia before it climbed back up to $1335.50 in late morning New York trade...Read More
Every week there is some news to for traders and investors to think about. Long term and medium term investors need not scrutinize news in a big way. Short term investors and day traders have to look at each and every news item as it is difficult to predict a reaction after any news. One should have key technical support before hand with him. One should also look for breakout price points and th...Read More
The financial media is finally catching on to something we've been screaming about for years...That the Fed's preferred metric for measuring inflation is a complete joke.Making matters more difficult, the Fed's preferred inflation gauge does a pitiful job of capturing the quandary facing many households that live paycheck to paycheck. The so-called core PCE is the central bank's go-to inflation me...Read More
History has a funny way of sneaking up on you and biting you in the behind. The philosopher, George Santayana said, "those who cannot remember the past are condemned to repeat it." There are many paraphrases of the same statement.And so it is with markets. Markets are driven by two things-fear and greed. These two fundamental human emotions play themselves out over and over again. The study of mar...Read More
"I don't believe in overuse [of technology]. I'm not a person that says we've achieved success if you're using it all the time. I don't subscribe to that at all."Continue...Read More