Emerging market chaos is now front page news. Let's start with Argentina, where the peso has resumed its plunge:In response: Argentina Central Bank hikes interest rate to 60 percent(AP) Argentina's Central Bank has increased its benchmark interest rate to 60 percent in efforts to halt a sharp slide in the value of the peso.The sliding value of the currency prompted Argentina to seek a financin...Read More
By Hubert Moolman We are getting very close to what I believe is the final confirmation of the coming multi-year gold bull market. Although it is very clear that gold is going higher from around these levels, a move past the $1375 area would be that final confirmation, based on the update of this previously shown comparison: I have marked two fractals (patterns) 1 to 5, to show how they mi...Read More
By David SmithThere is a tide in the affairs of men...Thus begins one of the most famous quotes ever uttered, taken from Shakespeare's play, Julius Caesar. Brutus, talking to Cassius, says, "There is a tide in the affairs of men. Which taken at the flood, leads on to fortune..."A flood tide takes place at the very crest in the water's height. Once the "tide turns," there is no stopping its ebb u...Read More
By Peter DegraafThe Ducks are Lining Up!This chart is courtesy Real Investment Advice.com and borrowed from a recent article: 'Wicksell's Elegant Model'. The brown areas in the chart highlight the periods when 'real rates' were and are negative. Gold tends to perform best during those periods.Featured is the weekly gold chart courtesy Stockcharts.com. The pattern indicates the likeliho...Read More
Cranbrook, B.C., August 30th, 2018: Taiga Gold Corp (CSE:TGC) ("Taiga") has mobilized crews to commence fieldwork on its' 100%-owned SAM project located 15km east of Flin Flon, Manitoba, and 10km northwest of the past producing Flexar and Birch Lake mines. The 988 ha property is located within the Amisk Group volcanic belt, and is considered to have significant potential to host both Volcanogeni...Read More
- "This is a financial war ... Russia is dumping Treasuries to get out from under dollar hegemony" - Rickards on CNN Money- Russia ramping up gold buying and has "tripled gold reserves in 10 years," from 600 to almost 2,000 tonnes- "Russia is pushing back" against U.S. sanctions using cyber financial warfare and acquiring gold bullion as a hedge- "The dollar is in long-term decline" and it...Read More
All over the internet I have been reading that a higher trajectory of US interest rates will drag down gold. I believe that the long term gold price is more about the global political situation and not pure economics. The US induced trade war and its domestic protectionism will ensure that gold/crypto currencies backed by gold, replaces the US dollar as the medium of exchange between central ban...Read More
By Ira EpsteinGold still looks like it has formed a short term bottom and could work higher. https://iraepstein.com/ 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
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
"I'm still waiting for $950 an ounce, or something like that." Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for...Read More
Many of you are concerned about holding onto your money and wealth in the face of a reset. You believe, as I do, that the next stock market crash will usher it in. You want to know when the reset will happen. HISTORY REVEALS THE CLUESWhile I cannot tell you the exact date of the next financial crisis, I can tell you that historic patterns suggest we are very, very close. As a student of financial...Read More
School administrators say the project creates an "environment" where "students from a Muslim background would feel singled out and/or harassed."Continue...Read More
"A new escalation in Syria does not correspond to interests of any party. We believe that our concern will be heard."Continue...Read More
A few weeks ago on CNBC, an analyst compared the bitcoin bubble to the early internet bubble.What?!We've been saying that since late December 2017, when bitcoin was just starting to crash.Continue...Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares some updated targets for the US Dollar, Silver and GDX. There are a lot of differing opinions on the dollar right now but even a further pullback does not change the charts to bearish. As for the bounce in PMs, we are not seeing silver or the stocks lead the way.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Techni...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
Let's say it again, bull markets do not end due to overvaluation. They generally end with interest rates rising, often with a decline in the money supply or recession. But again dangerous market tops are usually accompanied by overvaluation and euphoria. Are we seeing overvaluation now? We think so. We see high risk in many popular and highly recommended stocks. Opportunities for ca...Read More