By: Dave KranzlerI don't know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a percentage basis over an 8-week period of time. All sense of logic, sound analysis and fear of risk has disappeared. I d...Read More
Dear Friend of GATA and Gold:Financial letter writer Mark Hulbert never offers a good word about gold, which is fine, but then never offers a relevant one either. This practice has turned him into a mere propagandist.In his essay today at MarketWatch, headlined "Why Gold Won't Save Your Portfolio from Inflation's Bite" --https://www.marketwatch.com/story/why-gold-wont-save-your-portfolio-from......Read More
In my last article, "The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions," I laid out my first prediction for 2019 a recession by summer. I don't want the following revelations and facts that I have since come across to get lost in comments I recently posted to that article, so I'm bringing them all together here.How bad was 2018?The Wall Street Journal just said it wa...Read More
Gold Resource Corporation (NYSE American: GORO) (the "Company") updated its annual reserve estimates as of December 31, 2018, increasing its proven and probable reserve tonnes at both its Oaxaca Mining Unit and Nevada Mining Unit by a combined total of 18% gold ounces and 14% silver ounces. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oa...Read More
By: IRA EPSTEINGold Price action consolidating in narrowing ranges. 18 day average is key (~1322.70$)Read More
The recent plunge in Heinz-Kraft shares reminds us that even Warren Buffett can make a mistake. A couple of years ago, it might have seemed as though the Sage's portfolio was impervious to downturns, given its heavy focus on the basics: food chain, railroads and insurance companies. As it happens, his bet on such time-tested brands as Oscar Mayer, Jell-o, Kraft Singles, Kool Whip and Cheez-Whiz...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
Prices for steel rebar and billet imported into the United Arab Emirates have increased slightly this week because of higher offers and deal prices, sources told Fastmarkets on Tuesday February 26.The reason for the rise in the billet import price was that producers in Oman and Bahrain raised their prices for the commodity.But demand for rebar was moderate in the country, and with local supply bei...Read More
Max talks to Michael Pento of PentoPort.com about the Fed promising permanent QE as a 'normal' policy tool, no longer just 'for emergencies.' 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 The Huffington Post. Keiser invented "Virtual Spec...Read More
For years, John Rubino and Kerry Lutz have been covering the dollar, gold and U.S. economy. Today we discuss what keeps these financial educators motivated.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. He spent the 198...Read More
David Stockman on Real Vision (Feb. 25, 2019)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 Deforma...Read More
In this episode of the Keiser Report, Max and Stacy discuss the impossibility of endless war under hard money and ask whether the millions of deaths made possible with easy inflationary money could be spared under a bitcoin or gold standard. In the second half, Max talks to Michael Pento of PentoPort.com about the Fed promising permanent QE as a 'normal' policy tool, no longer just 'for emergencie...Read More
G. Edward Griffin is an American film producer, author, and political lecturer. He is best known as the author of The Creature from Jekyll Island: A Second Look at the Federal Reserve, a critique of much modern economic theory and practice, specifically the Federal Reserve System.Read More
The U.S. sugar program is "Stalin-style price controls," Ross Marchand of the Taxpayers Protection Alliance tells John Stossel.Read More
China's domestic rebar prices retreated on Tuesday February 26 after supply pressures led sellers to destock.Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($558-564) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,730-3,770 yuan per tonne, widened downward by 10 yuan per tonneSelling interest among stockists picked up due to an increase in inventory levels, which led to them...Read More
"Our planet is going to hit disaster if we don't turn this ship around and so it's basically like, there's a scientific consensus that the lives of children are goingContinue...Read More
Former Dallas Fed adviser Danielle DiMartino Booth on former Federal Reserve Chair Janet Yellen's comments about President Trump and the state of Federal Reserve policy.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economi...Read More
The SEC has moved to hold Elon Musk in contempt in their favorite court - the Southern District of New York. This has been a battle against the SEC whereby just making any comment Continue...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
David believes that 2019 will be a year of extremes for the broader markets in that there will first be a melt-up and then later in the year a meltdown. The dollar is likely to roll-over soon, and he expects gold to rise this year to $1550. A global deflationary bust is coming which will be severe, and it will be like 2008 but on steroids. They will stop it again this time with massive money print...Read More