In the book Hells Angels: A Strange and Terrible Saga by Hunter S. Thompson, he writes about finding the edge on a motorcycle. The edge is that ultimate point where you are pushing yourself and the bike to its limits, on the verge of crashing, but not.The Edge... There is no honest way to explain it because the only people who really know where it is are the ones who have gone over. The others-the...Read More
Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More
By Craig HemkeCopper is often referred to as "Dr. Copper" for its ability to foreshadow moves in other markets and the global economy in general. Today we coin the term "Mr. Palladium", as this particular metal may be offering its own bit of foreshadowing. And what might that be? Perhaps the end of the entire LBMA/COMEX Digital Derivative and Fractional Reserve Pricing Scheme. You may recall tha...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
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
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
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
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.Continue...Read More
Continue...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 Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More