By Clint SiegnerIt's amazing what passes as a market these days.Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of publicly traded companies.The markets are driven by programmed trading and...Read More
By Frank HolmesStrengthsThe best performing metal this week was silver, up 5.15 percent, finally getting some respect as it approaches its 200-day moving average. Hitting six-month highs this week, money managers are the most bullish they've been on gold in months. Gold has been a beneficiary of the volatility experienced in global equities this week. Bloomberg reports that gold priced in the Br...Read More
The past couple of years have been brutal for precious metals mining stocks. Gold and silver went down a little while the miners went down a lot - four times as much to be exact. That's painful but not surprising. The miners, being in effect options on the underlying metals, tend to be a lot more volatile. But volatility works both ways, and starting in November gold began to rise while the mine...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 31, 2018"Gold is money; everything else is credit." J.P. Morgan, 1912 (financier, banker; 1837-1913) "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store...Read More
The last update was wrong. Gold was expected to drop with the stockmarket, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason or reasons for the error. Failure to do this through pride, obstinacy or stupidity can lead to modest losses becoming ruinous. So wha...Read More
By Keith WeinerLast week, we wrote about the concept of discounting. This is how to assess the value of any asset that generates cash flow. You calculate a present value by discounting earnings for each future year. And the discount rate is the market interest rate. We said:"If the Fed can manipulate the rate of interest, then it can manipulate the value of everything......There is no other rate...Read More
Full Article: Gold Miners Are Crushing the Market in the Face of Higher RatesBy: Frank HolmesSummary:Anticipating trouble ahead, fund managers make a historic rotation out of equities into bonds.Gold and gold mining stocks have been the one bright spot this quarter.Tax reform turns one year old. Has it achieved what was expected?Disregarding strong opposition from the likes of DoubleLine Capital...Read More
RAPAPORT... Macy's has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy's move in April, filed a lawsuit in August seeking damagesof $46.1 million from Roberto Coin Incorporated (RCI). The suit asserts thejeweler continued to use th...Read More
RAPAPORT... This story has legs: AUS jeweler has obtained a colorful opal featuring an encased insect. The rare stone originates from Java, Indonesia, andfeatures a well-preserved invertebrate, apparently with its mouth still open. Lookingclosely, one can even see thin fibers extending from the limbs, noted Philadelphia-basedgemologist Brian Berger, who recently acquired the gem. The phenomenon i...Read More
(IDEX Online) - The assets of the lab-grown diamond maker Scio Diamond are being bought by a Nevada company called Adamas One Corp. According to the agreement between the firms, over a period of 18 months Adamas will pay $3.3 million to take care of Scio's secured debt. Adamas will also hand over 350,000 shares of its stock to Scio to cover its unsecured debts of more than $3 millio...Read More
Join us on BNNBloomberg at 11:00 AM EST today. Thank you to Larry Berman at www.etfcm.com for this opportunity. WALL STREET RAW RADIOWITH YOUR HOST, MARK LEIBOVIT SATURDAY, DECEMBER 29, 2018SPECIAL GUESTS: DON VIALOUX, HENRY WEINGARTEN, HARRY BOXER AND SINCLAIR NOEhttps://tinyurl.com/ybvyxyvm Excerpts from Don Vialoux comments on Wall Street Raw(With added charts)U.S. equity indices boun...Read More
I know we are in the midst of a joyous time of year, but that doesn't mean the world has stopped turning. And the start of 2019 brings us to a critical moment. We're on the brink of the third wave crash.Let's take a gander at recent history: First, there was the 1980's savings and loan crisis. Then, in 1987, the stock market crashed, and the Dow Jones index lost 23% of its value. The next major ev...Read More
Happy New Year everyone!Goodbye 2018, I won’t really miss you much!Hello 2019, I can’t wait to get to know you better…For New Year’s Eve, I celebrated at Bonifacio Global City (BGC)… My “home” away from home…Started off at The Island, in Uptown…Let the countdown begin…HAPPY NEW YEAR!!!Later, headed on over to High Street, for the live co...Read More
Trump's tariffs aren't exactly working as planned. Nor will they ever. The Peterson Institute for International Economic notes USContinue...Read More
"#TimesSquare tradition rings in the #NewYear by dropping the big ball...if ever needed, we are #ready to drop something much, much bigger."Continue...Read More
Investing legends Casey Research founder Doug Casey and Rick Rule - president and CEO of Sprott U.S. Holdings - are both Continue...Read More
Like millions of other people, I'm very nostalgic for Nintendo, especially at Christmas. That's because this story, or some version of it, is quite common:1986. Christmas morning. Under the tree, there was a giant wrapped box, tagged:TO: Luke and LanceFROM: SantaMy father told us we should open that one first.Tearing into it revealed a giant robot head staring back at us. And we immediately knew e...Read More
It's no secret that our Federal debt has more than doubled since the onset of the last recession in late 2007.It's gone from $10.1 trillion to $23.6 trillion. That's an 134% increase in just 11 years!Continue...Read More
When all the tribes of Israel still lived in their holy land, they practiced something called the Jubilee. According to the Book of Leviticus, the Jubilee existed because Continue...Read More
NEW YORK (AP) -Kohl's Corporation, up $6.13 to $65.92Retail stocks like Kohl's rallied the day after Christmas as investors cheered signs that Americans went out and shopped this holiday season.Newmont Mining Corporation, down 5 cents to $34.53The gold mining company's stock fell as gold prices slipped.Perrigo, up $4.20 to $40.70The Irish pharmaceuticals company rallied after falling more than 30...Read More