Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Tuesday.Highlights of Durable Goods (January)Non-military capital goods orders excluding aircraft declined 0.2% (est. up 0.5%) after falling 0.6% the prior month Shipments of those goods, wh...Read More
Jack ChanPosted Feb 27, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation is in bull market values.Data is supportive for overall higher prices.This is a massive bottoming pattern four years in the making.SummaryLong term – on major buy signal....Read More
Evolution CEO says hedge fund made valid points on industryGeneralist investors scarred by gold miners' mistakes: KleinJake Klein, Evolution Mining chairman and co-founder, says that gold giants must change to woo scarred investors. Billionaire hedge-fund manager John Paulson is right to press top gold producers to avoid repeating their bad deal-making habits as prices press higher after notc...Read More
Recent volatility shouldn't weigh on U.S. economy: PowellDollar rises for a second day, reducing appeal of commoditiesFed Chair Jerome Powell will tell Congress he sees interest rates rising gradually. Bloomberg's Mike McKee reports.Gold and copper futures fell as the dollar was buoyed by a statement from Federal Reserve Chairman Jerome Powell that signaled U.S. policy makers will keep on graduall...Read More
5 Hot Things to Know About Stocks Right Now Comcast swoops in with $31 billion bid for Britain's Sky plc in challenge to 21st Century Fox.Akorn plunges after Fresenius warns that alleged data breach could hamper takeover.Bond yields, dollar reverse course, climb higher as Powell hints at gradual rate hikesEuropean stocks slide, but media shares shine on takeover speculation.China stocks hold dow...Read More
SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January. For editorial queries, please contact Daisy Tseng...Read More
I often talk about long-term investing - the idea of buying something and then "forgetting about it" for a decade or two.Even though it's harder than it sounds, there's no doubt it can produce amazing results.I was recently reminded of that fact when I moved into my new house here in Santa Barbara.No, I'm not talking about the house itself, even though I plan on owning it for the next 20 or 30 yea...Read More
The recent stock market carnage has dominated the top story slot at most financial news outlets this month.Pundits have thoroughly enjoyed speculating over what caused the February market swoon. So far, they've blamed volatility traders, rate hikes, fears of a government shutdown - all the usual suspects. But in truth, the market had simply grinded higher without a correction for too long.We're...Read More
Evolution CEO says hedge fund made valid points on industryGeneralist investors scarred by gold miners' mistakes: KleinJake Klein, Evolution Mining chairman and co-founder, says that gold giants must change to woo scarred investors. Billionaire hedge-fund manager John Paulson is right to press top gold producers to avoid repeating their bad deal-making habits as prices press higher after notc...Read More
CloseGain/LossGold $1317.60-$1.00Silver$16.39-$0.03XAU78.27-0.89%HUI171.87-0.69%GDM597.17-1.04%JSE Gold1068.95-14.91USD90.63+0.23Euro122.00-0.33Yen93.83+0.56Oil$61.64-$1.3710-Year2.862%-0.039T-Bond144.50+0.9375Dow25029.20-1.50%Nasdaq7273.01-0.78%S&P2713.83-1.11% The Metals: Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to...Read More
Jordan Roy-Byrne of TheDailyGold.com shares why he thinks a drop in the gold stocks to the December 2016 low would be good for the sector.Read More
By Jordan Roy-Byrne CMT, MFTA Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has bene...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
By Daniel R. Amerman, CFAThe United States national debt is currently about $20 trillion, and the federal government is paying some of the lowest interest rates in history on that debt. The Federal Reserve has raised interest rates five times now, and is publicly considering another seven increases between 2018 and 2020, for a total increase of 3%. What will be the impact on the national debt an...Read More
Here I will discuss physical gold reality as well as current gold supply and gold demand factors today. Let's begin with the gold's supply chain. Not just from the ground, and no gold is not a mere entry into a bookkeeping ledger or a digital liability. Physical gold is born from the most violent phenomenon we human beings have ever witnessed... exploding stars. Scientifically explained plane...Read More
Alasdair Macleod speaks to questions about when he thinks the next credit crisis will occur and the logic behind his view.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune: Household Debt Sees Quiet Boom Across the Globe(Wall Street Journal) - A decade after the global financial crisis, household debts are considered by many to be a problem of the past after having come down in the U.S., U.K. and many parts of the euro area.But in some corners of the globe in...Read More
By Gary SavageGold's daily cycle is becoming left translated as the US Dollar now appears to have formed an intermediate cycle low. This has significant implications for how gold is likely to perform over the next several weeks.https://blog.smartmoneytrackerpremium.com/ Read More
Taxes are often your biggest expense, unless you educate yourself. The historic new tax code means a whole new round of financial education is required. In this episode, Robert and Kim talk to their tax advisor, Tom Wheelwright, and tax law specialist Ed McCaffery. Find out how the new tax code impacts you, and what changes you must make to legally pay fewer taxes.Robert Kiyosaki is best known as...Read More