Regulators and law enforcement are keeping a closer eye on crypto. The price of bitcoin collapsed this week to levels the cryptocurrency hasn't seen since approximately October 2017, prior to a hot streak that pushed up the price of one coin to more than $17,000 in mid-December of last year. Amid price volatility, bitcoin was trading at approximately $4,400 as of Wednesday afternoon. Crypto...Read More
European stocks traded lower Thursday, although volumes were low owing to the U.S. Thanksgiving holiday, as investors took a cautious stance ahead of a key weekend summit on Brexit and the ongoing budget standoff between Rome and Brussels. However, news that British and EU negotiators had reached an agreement on the draft text of a deal that will both establish Britain's EU exit procedures...Read More
Bob Moriarty ArchivesNov 23, 2018Over the past eighteen years and many hundreds of site visits I have met a lot of geos. It might by 800, might be 1200 but I have met a bunch of them. Few of my readers realize it but for a dozen years I delivered small aircraft built in the US to destinations all over the world. I did about 240 over ocean trips averaging 15-18 hours each flight.Pilots are interest...Read More
Note: A.M. image courtesy of website.HighlightsHead of Research at GoldMoney, Alastair MacLeod makes his show debut on Thanksgiving Day, 2018. Listeners are encouraged to bookmark his weekly commentary at Goldmoney Insights. The Bank of England (BoE) refused to honor its custodial arrangement and return 14 tonnes of gold held on behalf of Venezuela (MacLeod, 2018). Standard anti-money launde...Read More
HighlightsArch Crawford, head of Crawford Perspectives for 41 consecutive years rejoins the show.Our guest advises investors to hold a core position in gold, which could develop a base near current levels.A close above $1,370 would indicate a sign of pent-up bullish demand. Arch Crawford has closed all long positions in US equities and is holding short-term index puts, in case the current...Read More
By David Brady, CFALast week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock market crash and the subsequent ultimate peak in the dollar, including USD/CNY. This w...Read More
By Daniel R. Amerman, CFAThe Organization For Economic Cooperation and Development (OECD) is urging the nations of the world to be prepared for and have a coordinated plan to simultaneously engage in major "fiscal stimulus" in the event of a downturn in the global economy."Fiscal stimulus" is how economists refer to a government substantially increasing spending, while holding taxes constant or...Read More
By Gary TanashianAll through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!China demand, the China and India "love trade", cyclical inflation driving up the prices of commodities and resources and the classic... economic growth in the US will create cost-push inflation thro...Read More
By Steve St. AngeloGlobal debt increased at the fastest rate at the beginning of 2018. In just one quarter, total global debt jumped by more than $8 trillion. That is quite surprising as total world debt rose by $22 trillion for the full year in 2017. Thus, the increase in global debt last year averaged $5.5 trillion each quarter.However, global debt according to the Institute of Internati...Read More
This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. Are they right? We invite you to read our today's article about the rollback of Dodd-Frank Act and its potential implications for the price of gold. In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekGold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven't seen since 2017.Credit: Weekly relative performance (Finviz.com)While the US markets are quiet due to Thanksgiving all eyes are focus...Read More
David Stockman appears on ("Varney & Co.," Fox Business Network, November 23, 2018)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...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Despite the forecasts 20 years ago that snow would be a thing of the past, the last three winters have been getting progressively colder and nastier. Back in 1975Continue...Read More
Jason and Harley talk about the environmental movement and who profits, the disappearing middle class, and the loss of production in the United States with NAFTA. Harley says we've lost the understanding of wealth, citing examples of production going offshore, energy production going back to solar and wind power, and how we don't even consume most of what we produce because it's shipped overseas....Read More
Crude oil collapsed lower during Friday trade in New York, with the contract facing its seventh-straight weekly dercline as traders increasingly focusedContinue...Read More
Before we list our opinions on the gold market, we want to emphasize that many "cycles" are forecasting a huge move up in gold bullion should commence soon. Also do not forget that there no longer are "market makers" who in the past would bring support to the market....so gold stocks now drop to prices even lower than they did in the past. However, that does offer private investors opportuniti...Read More
The results will help inform the upcoming drill program design. Silver Bull Sierra Mojada Project Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) completed a 5,297 line kilometer helicopter-borne versatile time domain electromagnetic (VTEM) and magnetic geophysical survey over Sierra Mojada, it announced in a news release. The survey, done as part of South32 Limited's joint venture option, wi...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:ADTAUDDescriptionAdriadic Metals are a junior, early-stage explorer with nearly enough resources for a long-life mine looking for silverLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial11/23/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$87.25M$89....Read More