Watching the Democratic Party's national convention, it is readily apparent that those backing Joe Biden's candidacy are hoping that Americans are suffering from collective amnesia. Continue...Read More
Translation: we expect Exxon Mobil to be a drag on our index for a long-time, along with the price of crude oil. Since we already have Chevron dragging down the index, we're booting Continue...Read More
The Justice Department is going to charge Teva after the company rebuffed a settlement that would have required Continue...Read More
"We've shown that playing football's safe, that's what we've shown. So, that part of it. Now, we gotta make smart decisions on what we're doing - not doing - when we're doing more than football."Continue...Read More
When the Trump administration withheld billions of dollars in security aid to Pakistan in 2018, the logic then was that the Pakistani military would be forced to form greater ties with the US and surrounding allies to reclaim lost aid. Continue...Read More
Gold traders wait for Jerome Powell's speech at Jackson Hole scheduled to hold later this week for Continue...Read More
Two Israeli teenagers discovered a clay jar filled with hundreds of gold coins that had sat undisturbed for over 1,100 years.Continue...Read More
Earlier this week, precious metals markets got a surprising Buffettbounce. Legendary investor Warren Buffett isn’t often associated with gold– at least not in a positive way. In the past Buffett has made derisivecomments about the monetary metal. He once quipped that gold “has no utility.” A perpetual optimist on the U.S. economy, Buffett by nature doesn’tlike the mes...Read More
QUESTION: In regards to your last post about Bitcoin and your comment that there may be a “threat regarding gold”, as well. What kind of threat do you think? If you own precious metals as a store of value and assume at some point you may need to use it to pay for things, they may have to get turned into dollars (or an alternative digital currency being forced) in order to buy product...Read More
Aug 28, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Despite Thursday's precious metal sell-off, conditions have not changed for gold and silver, said Peter Hug, division head for precious metals at Kitco.Speaking to Kitco News on Thursday, Hug said conditions are positive for gold due to the amount of fiscal support provided by banks."The macro picture has not changed. [Every]...Read More
Earlier this week, precious metals markets got a surprising Buffettbounce. Legendary investor Warren Buffett isn’t often associated with gold– at least not in a positive way. In the past Buffett has made derisivecomments about the monetary metal. He once quipped that gold “has no utility.” A perpetual optimist on the U.S. economy, Buffett by nature doesn’tlike the mes...Read More
Jack ChanPosted Aug 24, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation has peaked.Speculation has peaked.The divergence as noted may have marked another top. Our ratio is on SELL sig...Read More
There's been a lot of questions and concerns regarding the next most likely outcomes for us both socially and economically. And while I can't tell you exact what's going to happen, I can definitely prepare you for the top 3 scenarios. So today I'm going to show you how to protect yourself from inflation, deflation, and even confiscation.Lynette Zang has held the position of Chief Market Analyst at...Read More
0:00 Introduction1:43 Buffett believes gold price going higher?6:23 Significance of Buffett selling bank stocks?8:19 Timing a new junior gold stock position10:30 Still playing the M&A game?14:39 Gold-ounce-in-the-ground valuation metric16:21 Bulk-tonnage, high-capex gold projects to see positive production decisions this cycle?19:49 Gold market topping indicators23:30 Copper bull market after gold...Read More
Easy money is a curse for capitalism.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and...Read More
When we last spoke with Andy he warned of a looming precious metals shortage in the fall, due to the near global mine shutdown caused by Covid 19. "We are at roughly 8 times normal sales at Miles Franklin." Federal indictments against JP Morgan metal traders in March make Andy believe that it's changed landscape. Silver went from around $12 to nearly $30. Gold went to $2000. Bottom line is that pr...Read More
Judge: "America's founding generation... knew their fair share of unwelcome constables."Continue...Read More
In America, power and profit are the only values, and fear is used to maximize them. It seems the bulk of the population never catches on.Continue...Read More
Topics discussed:The uniqueness of the 2020 financial crisisHow the Federal Reserve has been aggressively manipulating the bond marketsThe Wealth Effect' vs free marketsThe current retail stock market 'mania'The only group who can bring bond markets down: The Bond Market VigilantesThe scale and risk of the Federal Reserve's borrowing and money printingImplications of the recent, wild price swings...Read More
The annual Jackson Hole Symposium, a gathering of central bankers, economists, and financial institutions, will see its first ever virtual conference this week, and will likely set the tone for further U.S. dollar depreciation, said Gary Wagner, editor of TheGoldForecast.com."When you've got all of the major central banks getting together, they recognize the need for a long-term plan rather than w...Read More