Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens.According to the latest report by the World Gold Council (WGC), a trade group, Worldwide demand for gold totalled 973.5 tonnes in...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Tesla Inc. (TSLA) shares fell 5.5% following CEO Elon Musk's bizarre conference call following the release of the electric carmaker's first-quarter earnings on Wednesday.The Dow Jones Industrial Average rose slightly after four straight days of losses.At one point Thursday, the Nasdaq traded below 7,000 for the first time since early April. It...Read More
Chris VermeulenPosted May 3, 2018I wanted to take a moment to alert everyone to a price cycle setup that may turn out to be one of the most dramatic price moves we've seen since 2008. The metals markets have recently made some news by breaking to new recent price highs.This price move prompted a number of major firms to announce new bullish directional forecasts for gold with predictions of $2500...Read More
SHANGHAI, May 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index traded rangebound around 92.4 overnight, buoyed by the upbeat economic data. The market was also looking more cues from US-China trade talks.Most LME metals fell, but copper rebounded and hit a weekly high as inventories declined. LME zinc tumbled 1.3% to...Read More
3 Things You Must Know Before the Market Opens TheStreet's Executive Editor Brian Sozzi says Tesla CEO made three glaring mistakes during his wacky earnings call.The S&P 500's forward price-to-earnings multiple, which stood at 18.6 in late January, has declined to 16.3 notes Yardeni Research. Fresh off an activist investor attack, TheStreet will sit down with Akamai's (AKAM) CEO Tom Lei...Read More
Forget about predicting what will happen in a stock market downturn. Short-seller Chris Irons, founder of Quoth the Raven Research, said it's time to consider shorting the whole American economic and free market system. For Irons, gold is the best bet for long-term. "If you don't want to take it from me, take it from the central government," Irons said at a Kase Learning short-selling event in N...Read More
Bob Moriarty ArchivesMay 4, 2018In 2014 my favorite gold junior, Novo Resources, did a deal on a small project in Nevada named Tuscarora with some barn burning historic results. Naturally since the main focus was on Western Australia in 2016 when Novo announcedhigh-grade bonanza results such as 143.5 g/t over 1.52 meters, the market only yawned.Novo didn’t pay much for the project and since...Read More
CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: ...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort209,577102,79866,156179,735311,607455,468480,561Change from Prior Reporting Period -16,22713,64011,8024,020-25,908-405-466Traders19586905153288191 Small Speculators LongShortOpen Interest 52,28827,195507,756 1,7511,8121,346 non reportable positionsChange from the previous reporti...Read More
Click Here to Listen to the Interview - *the interview begins at 05:42Greg lays out a compelling case for higher inflation later this year, the dominoes it will cause to fall, and how it will affect the average consumer, Fed policy, the stock market and precious metals.Click Here to Listen to the Interview - *the interview begins at 05:42Gregory Weldon is CEO of Weldon Financial and Editor of th...Read More
By Alasdair MacleodArtificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, and by our tablets and computers to predict what we want to type (good). It facilitates targeting of voters to influence elections (bad, particularly i...Read More
Fund Manager David Kranzler says gold and silver may be in the final bottoming process.Will the U.S. dollar move higher? Kranzler says if we see a spike in the Dollar, it will signal we are on the cusp of another financial crisis.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin Co...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experiencing, specializing in the metals and commodity markets and even authored a book in 2006 titled, Gold Trading Boot Camp where he accurately predicted the implosion of the U.S. credit market...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
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I meant Venezuela." Mixing up countries kind of dilutes the power of the statement, but for so...Read More
By John MauldinTrade TalksTax TroubleBorder ChecksChicago, Orange County, Raleigh, and LemonadeSince last week's letter, I have flown enough to send me over 100,000 miles on American Airlines this year and make Executive Platinum. That is not necessarily a good thing. But wow, I learned a lot between all those flights.Today's letter will be a little different. First, I want to relate some of the...Read More
CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: ...Read More
Gold was enjoying asolid spring rally until a couple weeks ago, nearing major upsidebreakouts. But its nice advance hascrumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Indexfutures. The surging USDX motivatedgold-futures speculators to flee rather aggressively. But this will likely prove a short-livedanomaly, after whi...Read More
Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived anomaly, after which gold...Read More
Since early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up and the precious metals in consolidation/correction. The current trends were kicked off symbolically, and functionally to a degree, by the Fed’s concoction of Operation Twist, a plan with the expressed goal of manipulatin...Read More