Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
By Ira EpsteinGold continues to look good as stock indices sink and US Dollar weakens. https://www.iraepstein.com/ Read More
A quick recap of the past couple of months: Stocks plunge.The politicians, bureaucrats and bankers who depend on artificially-elevated financial asset prices start to panic.The Fed announces that maybe it won't have to raise interest rates any more, and the president announces a truce in the trade war with China. The markets bounce, leading some to conclude that the worst is over and it's time t...Read More
By Stefan GleasonU.S. government agencies could run out of operating funds starting on midnight this Friday, December 7th.At issue: President Donald Trump's proposed border wall. He wants Congress to commit $5 billion for construction of a wall along portions of the U.S.-Mexico border.The migrant caravan that recently attempted to crash the border near Tijuana has helped rally Republicans to sup...Read More
The Turkish steel scrap imports market remained quiet on Tuesday December 4, with the mills staying away from the deep-sea trade due to the uncertainty in the Asian markets.There have been a number of offers available in the market, but the mills have shown no interest so far this week.A UK supplier was said to be offering HMS 1&2 (80:20) at $313 per tonne cfr but found no takers, Fastmarkets was...Read More
Graceland UpdatesBy Stewart Thomson 1. The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors. 2. The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price...Read More
Originally posted at http://plata.com.mx/enUS/More/365?idioma=2 By Hugo Salinas PriceAs I was shuffling papers in some old files, I came across a slip of paper on which I had written down the price I had paid for a Mexican $50 gold peso coin: $717 Mexican pesos.Judging from the price, I figure that the purchase was made sometime in 1972, when the price of a Troy ounce of gold was $46 dollars. T...Read More
Gold continues to make headway in herky-jerky fashion, failing to satisfy bulls but also denying bears something to cheer about. On Monday, the February Comex contract rallied to within a millimeter of the 1240.20 Hidden Pivot target shown. The pullback so far has been mild, encouraging the thought that the next pop will be good for a ride to 1259.80. Another encouraging sign is that some recent...Read More
President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market? Trade Truce and Gold Have you heard about the Christmas truce? It was a series of unofficial ceasefires across the W...Read More
By Avi GilburtI wonder how many of you had your brains in gear when following the action in the market this past week. For those that did not, let's review what happened.First, the market broke out "bigly" on Wednesday, and every media source and investor was absolutely certain that it was due to the Fed chairman's speech (even though he really said nothing new, as future rate decisions were alw...Read More
By Frank HolmesYesterday evening marked the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for a single day's lighting at the most. Miraculously, though, the oil lasted for a...Read More
By Steve St. AngeloThe rapidly falling oil prices have finally claimed the first victim, but it won't be the last. The Alberta Canadian government announced late yesterday for a substantial cut in tar sands oil production to stem the hemorrhaging low oil price. The price paid for tar sands oil has fallen a stunning 77% from its peak just two months ago.While the Canadian tar sands oil price...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
By Ira EpsteinGold pops, as expected off G-20. Now key is to hold on pullback if year end rally is to unfold,https://www.iraepstein.com/ Read More
Seaborne iron ore prices rose on Tuesday December 4 amid gains in the futures and swaps markets, as well as a sharp uptick in the yuan's value against the US dollar.MB 62% Fe Iron Ore Index: $67.16 per tonne cfr Qingdao, up by $0.78 per tonne.MB 62% Fe Pilbara Blend Fines Index: $66.43 per tonne cfr Qingdao, up by $0.78 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $71.40 per tonne cfr Qingdao,...Read More
Full description and comments at: https://www.peakprosperity.com/podcas...There's mounting evidence that the Age of American Exceptionalism is grinding to an end.Demographically, in the U.S. (as well as many other developed nations), the prospects of the younger generations are substantially less than those of the Baby Boomers. The same is true socioeconomically as well; the wealth gap between the...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/emerg...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need t...Read More
China's ferrous futures showed no clear trend during morning trading on Tuesday December 4, with the rebar contract being the only one to end the session significantly lower while the others were little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,302 yuan ($478) per tonne, down 20 yuan per tonneMay hot-rolled coil: 3,230 yuan pe...Read More
Mike Maloney covers all the trouble brewing in the global economy in this 11-minute video - including data he promised to show you last week. The Australian real estate bubble, Putin's warning for the US dollar, and more on the financialization of government. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Chris Martenson of PeakProsperity.com about Medicare4All, the economics of fracking, and thoughts from the precipice.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for Th...Read More
The Main Stream Financial Media would love to have investors believe that the recent problems in the global equity market are all about a trade war with China. Therefore, everything can be made right just because Trump shook hands with Xi Jinping at the G-20 meeting in Argentina. But the truth is, China's problems are structural in nature-resulting from a centrally-planned economy that goads its c...Read More