Gold held gains as the dollar slipped, with investors counting down the hours before key U.S. inflation data that may offer fresh clues on monetary tightening. Adding luster for the metal, filings showed billionaire hedge fund manager Ray Dalio increased holdings last quarter.Bullion for immediate delivery rose as much as 0.6 percent to $1,337.02 an ounce, the highest since Feb. 6, and was at $1,3...Read More
Shares in Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) were down almost 4.9% in New York premarket after reporting weaker than expected earnings for the three months to December and a 10% drop in revenue.The Vancouver, British Columbia-based company logged a profit of Cdn$700 million or Cdn$1.21 per share for the forth quarter of the year, compared to Cdn$9...Read More
Sen. Coons on Small Business, Trump's Budget Proposal, DACAOptimism among small companies in the U.S. rose more than forecast in January, fueled by a record number of owners who said now was a good time to expand, according to a National Federation of Independent Business survey released Tuesday.Highlights of Small-Business Optimism (January)Overall index rose by 2 points to 106.9 (est....Read More
Jack ChanPosted Feb 13, 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
Here Are 3 Hot Things to Know About Stocks Right Now Stocks posted their first three-day winning streak of 2018 as the Dow jumped 0.16% on Tuesday, the S&P 500 rose 0.26% and the Nasdaq popped 0.45%.Stocks gained about 3% Friday and Monday.Major gainers on Tuesday included GNC Holdings, up 17%, Under Armour, up 16% and AmerisourceBergen, which gained 9%. Wall Street Overview Stocks finished...Read More
Markets have experienced a lot of volatility in February and investor anxiousness has grown along with it. Bank of America Merrill Lynch's (BAC) monthly fund manager survey showed a record month-to-month jump to 50% from 30% in the net percentage of investors who took out protection against a sharp fall in equity markets over the next three months. The survey also found that "allo...Read More
European markets and Wall Street futures were under pressure Tuesday, Feb. 13, despite a firmer session in Asia. Wall Street futures were down Tuesday as the dollar saw modest losses against most major currencies. The implied open for Dow Jones Industrial Average was 127 points to the downside at 7:39 am Eastern time while S&P 500 mini futures had lost 0.44% and the Nasdaq al...Read More
It's been a wild run lately. Watching U.S. stocks plunge at one point over 10% in the past 10 days has certainly been a sobering experience for investors.After a nearly nine-year bull market, stocks have just experienced their fourth 10% correction. But as I've been reminding people, it wasn't the end of the world. U.S. stocks suffered 10% corrections in August 2015 and January 2016 and bounced ba...Read More
We have it on highest authority:Rising budget deficits are "a very dangerous idea."The president's budget director, Mick Mulvaney, conceded the point this Sunday on Face the Nation.But like a junkie long resigned to the needle and the alley, he could only lower his eyes... and shrug his shoulders:"But it's the world we live in."The administration released a $4.4 trillion 2019 budget proposal yeste...Read More
The major averages added to their Friday gains to start the new trading week. The Dow tacked on another 400 points. The S&P 500 finished higher by 1.4%. Even bitcoin is gaining ground…But many investors aren't convinced this bounce will stick. They're pulling their money out of the markets because they're certain a bigger correction is just over the horizon.To be fair, we don't know if t...Read More
Prices have slipped.The dollar is supportive for precious metals.Interest rates weigh on the shiny metals, for now.Support and resistance levels.Three reasons for higher prices later this year.Gold and silver both repeated their patterns of lows in December and price recoveries at the start of a new year for the third time in late 2017 and early 2018. It is likely that the markets' perception that...Read More
CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More
By Ira EpsteinGold rallies sharply off of inflation as shown in today's US CPI numbers.https://www.iraepstein.com/ Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018Peter 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 o...Read More
Self-destruction usually happens in stages. At first there's a binge in which the thrill outweighs the sense of transgression. This is usually followed by remorse, acknowledgement of risks, and an attempt to reform. But straight-and-narrow is exhausting, and because of this is frequently just temporary, eventually giving way to a kind of capitulation in which the addict drops even the pretense o...Read More
By Jeff ClarkThere aren't many investment scenarios you can point to with any degree of certainty and say, "This asset is going to rise." Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in go...Read More
By Mike MaloneyWhat is the Internet Of Things and what promises does it hold? In this bonus feature from Hidden Secrets of Money Episode 8, Mance Harmon of Swirlds Inc explains what IoT is and where it is likely to go.What is the Internet of Things?Many of the appliances and devices that previously weren't computerized like light bulbs, baby monitors, and washing machines have become computerize...Read More
We live in very specific times. Getting a "like" on a post or picture becomes a necessary daily activity and means of self-validation. Not "liking" something that others posted or that is massively "liked" like may be frowned upon or even viewed as being disrespectful. Plus, it seems that no matter what you do, everyone gets offended very easily. When did honesty, independence and common-sense s...Read More
- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More
By Rory HallIf you have a problem then you have a solution, otherwise you're just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive. They do exist, it's just a question of getting to them and bringing them to life. After swimming in the problem, as most of us have been doing for...Read More