If you're worried about contact tracing in the age of Covid-19, worry no more: that ship has long sailed.Continue...Read More
At least 10 local news stations around the country aired corporate propaganda from online retail giant Amazon praising the company's worker safety protocols ahead of a shareholders meeting on Continue...Read More
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More
It's not just a crisis. It's a depression, and it's just starting. This is only the first out in a nine-inning ball game. It promises to be terrifying before it's over.Continue...Read More
The Democrats are burning down their own house now, and everyone can see it. And after my interview with Bob Kudla, tonight's breaking news is that President Trump will sign an Executive Order on Thursday relating to big tech social media censorship. Hopefully he will re-level the playing field.Bob's website: tradegeniusacademy.comRead More
1. Weekly initial jobless claims were posted at 8:30 am today. There were 2.123 million new claims. More importantly, continuing claims declined to 21.052 million from 24.912 million. So as people get back to work and as the economy opens up these numbers will get better. Continuing claims is the number to watch. 2. Money is rotating out of the large techs and into financial and retail. Macy's is...Read More
We believe we've already entered a period of decline that has lasted at least 15+ years and the "blowout process" that ends this decline will be somewhat cataclysmic. Continue...Read More
Trump's Phase One Trade Deal with China is not going well. US exports are less than half of purchases pledged by China,Continue...Read More
President Trump retweeted a video where a supporter declares "the only good Democrat is a dead Democrat." When pressed for further explanationContinue...Read More
Millionaires say they're bearish enough to commit only a third of their cash to equities.Continue...Read More
This would require the Bank of England to release the gold, something it has refused to do thus far. Continue...Read More
Gold firmed up on Thursday as concerns about a deepening rift between the United States and China Continue...Read More
Topics:Market rallying on hope and hype.Trump's odds of winning re-election continues decreasing.Chinese trade deals unwind.Stimulus more dangerous than virus.Everything that can go wrong, likely will go wrong, all at the same time.American taxpayers stuck with 8 years of tax debt and counting.We are a zombie country and the world is about to find out we're insolvent.Jerome Powell saying the antit...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort288,14850,23439,951131,977406,299460,076496,484Change from Prior Reporting Period -7,2466,628706-1,738-17,590-8,278-10,256Traders20761815660291177 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,29822,890519,374 -5531,425-8,831 non reportable positionsChange from...Read More
By Dave KranzlerAn article from Bloomberg was published 2 days ago which alleged that "New York Gold Traders Drown in Glut..." The Comex is now reporting there's 26 million ozs of gold in Comex vaults, 17 million of which is in the "eligible" account. This is up from 9 million total ozs at the end of March, 5.5 million of which was "eligible."I find it amusing that the mainstream media swall...Read More
Key PointsThe U.S. economy has used phony numbers for a long time. The U.S. Gross Domestic Product has been falling for some time.Cuts in government-funded services, including Social Security and Medicare were already in the works before the COVID-19 coronavirus outbreak.President Trump offered reduced taxes for U.S. companies doing business overseas as incentive to bring their profits home. Som...Read More
Avi GilburtFor those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader. So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series of articles.There are times when the market provides us with clear indications. And, as proceeded through March, Caro...Read More
Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new rang...Read More