John Williams & Chris Waltzek Ph.D. - January 8th, 2019. -- CLICK HERE TO LISTEN NOW (Mp3 file) HighlightsThe founder of Shadowstats.com, a leading online alternative economic-resource offers listener's a financial market overview for 2019.John Williams notes the economic mishaps leading up to the Great Recession of 2008 were mostly ignored.The inordinately large global financial-bubble...Read More
By: Gary ChristensonJohnny Cash sang "Folsom Prison Blues" in 1957. The first verse is:I hear the train a comin'It's rollin' round the bend,And I ain't seen the sunshineSince I don't know when.I'm stuck in Folsom PrisonAnd time keeps draggin' onBut that train keeps a rollin'On down to San Antone.The Federal Reserve operates from The Eccles Building in D.C. Regarding the Fed I suggest changing "F...Read More
Big moves will be there in metals, energies and the US dollar Index only after the outcome of US-China trade talks are known. Till then, the consolidation phase will be there. Focus of the world in on a Chinese slowdown. Long term metal investors are on the sidelines as they expect slower and lower Chinese demand. If the trade talks succeed and all issues comes to an end once and for all, then a...Read More
The signal has preceded solid gains for the S&P, historicallyFor the first time in nearly three years, the weekly Investors Intelligence (II) survey showed more market newsletters were bearish on stocks than bullish. The survey started in 1963. II analyzes more than 100 independent newsletters and determines whether they are bullish or bearish on the stock market (they also have a third designatio...Read More
Full Article: Is the Fed Done Hiking Rates? Watch the Price of Gold By: Frank HolmesKing Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So...Read More
Who would have thought I would be forecasting that the Nasdaq could zoom to 10,000 this year? Two things have changed my perspective in recent months: The Q4 2018 crash Continue...Read More
Are stocks "cheap" again?Is it time once again to cast your bread upon the waters... and buy?Today we rise above the daily hurly-burly of the market... take the long view... and ransack the past for clues about the future.The major averages were negative for 2018. And the stock market has just emerged from its bleakest December since 1931.But the market has found a toehold, bleats the consensus. T...Read More
Mining chatter in the Yukon these days is all about the yellow metal. It's been that way for at least 10 years, according to geologist Mike Burke, who spent more than 20 years working for the Yukon Geological Survey before moving to the private sector."People were having a hard time in 2008, and then along came Kinross and bought Underworld Resources. That started an area play," Burke recalls. Now...Read More
January 8, 2019 It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!Please click here now. Double-click to enlarge this daily gold chart.A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.Gold begins 2019 with some very positive news in play. Please click here now. After a...Read More
Silver's latest rally, which sees the metal up by over 12% from 2018 lows to be trading at US$15.65 per ounce, has sparked considerable speculation that 2019 is the year that the precious metal will shine. This has breathed life into primary silver miners like First Majestic Silver (TSX:FR)(NYSE:AG), which has gained a remarkable 17% over the last month. That - along with an improving outlook for...Read More
Last year was a tough one for silver miners. Silver opened the year at over US$17 an ounce, but by November 2018 it had plunged to under US$14 per ounce, and there were signs that the white metal was caught in a protracted slump. While the overall outlook for silver remains stagnant for 2019 with higher gold prices the only positive catalyst for the precious metal, it shouldn't deter investors fro...Read More
The stock market has gone "Roman Candle" since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy. Not that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed's balance sheet should be considered "tight" money policy.Credible measures of price inflation, like the John Wil...Read More
"Talks with China are going very well!" US president Donald Trump tweeted earlier. Commodities were mixed, with copper closing lower on the London Metal Exchange and palladium hitting a fresh high.It was worth US$1,321 an ounce on the spot market earlier - above gold's value of $1,281.50/oz.Among the majors, Freeport-McMoRan closed up 1.8% in New York and Rio Tinto (LSE: RIO) gained 0.8% in London...Read More
The Zgounder silver mine in Morocco. Source: Maya Gold & Silver Inc.Maya Gold & Silver Inc. [MYA-TSX; MYAGF-OTC] achieved a key milestone Wednesday January 9 with the announcement that its flagship Zgounder silver mine in Morocco has reached the commercial production stage. Maya is a Morocco-focused company with a portfolio that also includes the Boumadine polymetallic deposit, located in...Read More
GT Gold's exploration camp on the Tatogga property in the Golden Triangle region of northwestern British Columbia. Source: GT Gold Corp.GT Gold Corp. [GTT-TSXV, GTGDF-OTC] shares were active Wednesday January 9 after the company said the final and deepest hole of its Saddle North porphyry drill program (hole TTD109) returned the strongest intercepts reported so far. The Saddle North discovery is l...Read More
Brine sampling in Q3 2018 at the Smackover lithium project in Arkansas. Source: Standard Lithium Ltd.Standard Lithium Ltd. [SLL-TSX; STLHF-OTC-Nasdaq-Int. Designation; S5L-FSE] said Wednesday January 9 that it has produced its first quantity of battery quality (over 99.56% purity) lithium carbonate.The battery quality lithium carbonate was produced at the company's prototype lithium carbonate crys...Read More
Throughout all of the political bickering these days - and it has reached quite the crescendo after the recent midterm elections - we can't help but feel the despair of frustration.Looking with an objective eye toward Capitol Hill, nobody can deny the divisiveness that has grinded our government to a screeching halt.That's just the natural course of things when you have extremes on both sides ramm...Read More
Colorado School of Mines has named Richard C. Holz its next provost. Holz is currently dean of the Klingler College of Arts and Sciences at Marquette University and will join Mines in June 2019.As provost, Holz will serve as Mines' chief academic officer, responsible for leading the faculty and staff to achieve the vision for the university's academic programs. He will work closely with President...Read More
Weed stocks have had a great start to the year so far.After the short attack on Aphria last month, many of the quality names were sharply sold off.I attribute that to a few things...One, people were deadout scared that the short report about Aphria was correct and their favorite stock - Canopy, Tilray, whatever - could also be a scam.Two, some of these stocks were up hundreds or thousands of perce...Read More
I didn't watch Trump's speech on Tuesday.Nor did I watch the response from the Democrats.To be honest, I was having a great night and didn't want to ruin it by listening to a bunch of lies and misinformation that has become somewhat obligatory for partisan slaves and knuckle-dragging bureaucrats.So instead, I took five milligrams of my favorite chocolate edible and spent the rest of the evening pl...Read More