The latest news and price moves to start the Asian day on Wednesday March 21.Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018 low. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices tumbled to the lowest level since mid-December after investors moved to t...Read More
However, Facebook continues to weigh on techThe Dow Jones Industrial Average (DJI) is higher at midday, just as the two-day Fed monetarypolicy meeting kicks off. While the central bankers won't emerge until tomorrow, Wall Street is expecting new Fed Chair Jerome Powell to announce a rate hike. Oil prices, meanwhile, are lifting energy stocks, with front-month crude up 2.4% at $63.55 per barrel. H...Read More
The major long-term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create/promote/sponsor the official money. As far as long-term investors are concerned the gold story is therefore a simple one: gold will be in a bull market when confidence in the financial establishment (money, banks and government) is in a...Read More
By Ryan WildayIn my last article I stated that we had the potential for a lasting bottom in the crypto market, starting with a low in most coins on February 6th. However, in that article I also gave the conditions for that bottom to fail.Those conditions, unfortunately, became reality. We have since seen both Ether and Verge, highlighted in that article, slide to new lows below the February 6th...Read More
Full Article: DERIVATIVES - A RECIPE FOR DISASTER & SYSTEMIC COLLAPSEBy: Egon von GreyerzGambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling, Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can also lose it all. Gambling has been around...Read More
Continue...Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperfor...Read More
Graceland Updates By Stewart Thomson 1. It's very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main price drivers for gold.2. From 1960 to 1980, US recessions were generally i...Read More
WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan said he expected to finalize a giant federal government spending bill later on Tuesday that would providing funding through the end of September.Separately, U.S. Senate Democratic Leader Chuck Schumer said he hoped a deal can be reached this week on the funding measure, which Congress must pass by midnight Friday to prevent government shutdown.Re...Read More
Sentiment is now completely disconnected from reality.Currently, sentiment suggests that stocks are in a raging bull market and will never fall. This sentiment is based on the fact that much of last year (2017) the US stock markets rose virtually non-stop.However, that era is now OVER. And globally the markets are moving into "risk-off" mode.Don't believe me?Consider that most global markets are i...Read More
(Bloomberg) - Miners in the Democratic Republic of Congo won't secure substantial concessions in talks with the government about changes to the industry code, the head of the state mining company said.The operators, including Glencore Plc and Randgold Resources Ltd., are pressing the government to row back on some of the reforms President Joseph Kabila signed into law this month. The modification...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-lade...Read More
The FOMC members will gather today for a two-day meeting. It will be the most important event this week, since Powell will chair the meeting for the first time. Gold investors want to get to know him better as the uncertainty makes them a bit nervous. What should we expect from the new Fed Chair? First FOMC meeting under Powell as ChairDo you remember your first bike ride? Or the first date - a...Read More
FB shares tend to suffer after steep one-day dropsThe shares of social media stock Facebook Inc (NASDAQ:FB) plummeted on Monday, suffering their worst one-day loss since March 2014. The ripple effects of the company's data-mining scandal could be felt across the tech sector, dragging FAANG stocks and the Nasdaq into the red, and sending Wall Street's "fear gauge" soaring. What's more, if past is p...Read More
Wall Street is a scam. I've said it probably a thousand times. It's something I know from experience. Over the past 15-plus years, I've tried just about every investing strategy in existence.Continue...Read More
European steel association Eurofer has called on the region's political leaders "to stand united in backing a broad, firm and decisive response [to import tariffs in the United States] to safeguard the viability of the EU steel industry."Eurofer made the announcement on Tuesday March 20, hoping to influence Europe's response to the imposition by the US of a 25% import duty on steel products after...Read More
By Jeff ClarkRising inflation has hit the headlines, sparking some attention from journalists. What most mainstream investors don't realize, though, is that history shows inflation can quickly get out of control, and not just in some mismanaged third-world country. Surprise spikes in inflation have occurred right here in the US and given the massive amount of currency dilution around the world o...Read More
(Kitco News) - Gold prices aremoderately lower in early U.S. trading Tuesday, pressured by a firmer U.S.dollar index and some technical selling. As has been the case for quite sometime, the daily machinations of the USDX are impacting the daily pricemovements in gold and silver. April Comex gold futures were last down $6.60 anounce at $1,311.20. May Comex silver was last down $0.075 at $16.25 an o...Read More
Australia's Newcrest Mining (ASX: NCM) said that its Wafi-Golpu joint venture with Harmony Gold in Papua New Guinea will need a further $200 million cash injection to get built under improved plans.The updated feasibility study, released Monday, foresees a larger, $2.8-billion gold and copper project with mine wastes being piped into the ocean. Building the proposed mine had been previously expec...Read More
It's very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main price drivers for gold.From 1960 to 1980, US recessions were generally inflationary, and the Fed raised rates during that period. S...Read More
Big gold and silver miners have a problem: They're evaporating. Each year they take more metal out of the ground than they discover, which brings them ever-closer to the end of the road. They know it and their shareholders know it, which means their stock prices tend to languish in the shadow of falling production and depressed future earnings. The solution? Buy out junior miners sitting on reso...Read More