By Dave KranzlerThe pension crisis is inching closer by the day. @CalPERS just voted to increase the amount cities must pay to the agency. Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon. - Steve Westly, former California controller and CalPERS board member.1.5 MILLION RETIREES AWAIT CONGRESSIONAL FIX FOR A PENSI...Read More
For a market analyst there is an irresistible temptation to seek out one or more historical parallels to the current situation. The idea is that clues about what's going to happen in the future can be found by looking at what happened following similar price action in the past. Sometimes this method works, sometimes it doesn't.Assuming that the decline from the January-2018 peak is a short-term co...Read More
By Clint SiegnerBullion investors buy gold and silver as a matter of self-reliance. Physical metals aren't dependent upon the promises of financial institutions, governments, or other third parties.This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot mo...Read More
The rally into early Monday, February 26, 2018 is no surprise to me. The charts below were written over the weekend suggesting follow through buying into early Monday at or above SPX 2754 and then a sudden fast reversal down below the 2532 area.I've seen this e-wave pattern before following a wxy W Wave where Wave X sees an irregular topping pattern (coming out of a bull flag formation) catching t...Read More
Source: Jack Chan for Streetwise Reports 02/26/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term...Read More
Will digital gold provide the benefits of physical gold?- Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold- They are yet to provide the same benefits or safety as owning physical gold- National mints jumping in on the 'sexy blockchain' act - BOE declares bitcoin 'not a currency;' Royal Mint launches blockchain gold product- Digital gold, block...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 0.11 percent as hedge funds boosted their net bullish in the metal. Gold traders are split between bullish and bearish on the yellow metal after the U.S. dollar rose this week. In the prior week traders were bullish and positive sentiment sent $529 million into the VanEck Gold Miners ETF.?...Read More
We have been promising to get back to the topic of capital destruction, which we put on hiatus for the last several weeks to make our case that the interest rate remains in a falling trend. Today, we have a different way of looking at capital destruction.Socialism is the system of seeking out and destroying capital. Redistribution means taking someone's capital and handing it over as income to som...Read More
"Higher inflation, solid hedging demand, softer dollar, and improving consumption in China provide a supportive environment for prices"Continue...Read More
By Gary TanashianFor Notes From the Rabbit Hole bonds are not just an asset class 'throw-in' but instead are a key indicator set to the entire modern macro. Insofar as it may be time to use them for portfolio balance (I am currently long SHV, SHY, IEI & IEF), so much the better. Many could not wait to buy bonds during US ZIRP global NIRP operations, but today they pay better interest and have a...Read More
Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - An intermediate correction from 2872 may be over.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends...Read More
By BullionStarhttps://www.bullionstar.com/The rapid emergence and commercialization of blockchain technology is undoubtedly one of the key technological trends at the moment, not just within crypto currencies, but as a disruptive technology across many industries and economic functions.At a high level, a blockchain is a distributed and public digital ledger of transactions that is updated across...Read More
- Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold- They are yet to provide the same benefits or safety as owning physical gold- National mints jumping in on the 'sexy blockchain' act - BOE declares bitcoin 'not a currency;' Royal Mint launches blockchain gold product- Digital gold, blockchain gold and crypto gold is frequently not fully bac...Read More
ELKO, Nev., Feb. 26, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, today announced it will be presenting at the 30th Annual ROTH Conference at the Ritz Carlton in Dana Point, California. The conference will be held from March 11-14, 2018. Event: 30th Annual ROTH Conference Date of U.S. Gold Presentation: Monday, March 12, 2018Time: 7:00 AM...Read More
Peter KrauthThere's been no shortage of forces pushing and pulling on the price of gold over the past week.Federal Reserve minutes, stocks, the dollar, rising bond yields, budget deficits, inflation, sentiment, and even simple demand versus supply.Gold gave up most of the gains it managed to tack on in the previous week. The bulk of that weakness came on Tuesday, as traders were preparing for the...Read More
Feb 27, 2018 Guest(s): Ron Hochstein CEO, Lundin Gold The gold mining space is seeing lackluster investor sentiment but it's only a matter of time before sentiment shifts and investor activity picks up, said Lundin Gold CEO, Ron Hochstein."I think it's sort of in a relaxing space right now," Hochstein told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. "People are...Read More
Feb 27, 2018 Guest(s): Michael Allen President, CEO & Director, Northern Empire A junior miner has to have solid management and a viable project with lots of potential to attract much needed investors capital, according to one junior miner CEO.While other companies are struggling to find capital, Northern Empire, has been able to fund its continued operations as it develops its Nevada-based proj...Read More
Feb 27, 2018 Guest(s): John Doody John Doody, Founder of the Gold Stock Analyst, has a disciplined approach to picking gold stocks, sticking with a top 10 list. "I love Kirkland Lake. They have two potential 400 thousand ounce a year mines, one in Canada, one in Australia. Very high grades. I think it's the next Agnico Eagle," Doody told Kitco News on the sidelines of the Gold Stock Analyst Con...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
By Ira EpsteinGold gains a bit but still stuck in no man's land.https://www.iraepstein.com/ Read More