Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to p...Read More
"I have been on record saying that the next bear market goes down to 5,000. If you are in stocks, I say you could lose everything if the DOW goes to 5,000. This is the price target I have had for a couple of years."Charles Nenner founded, and is president of, the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities all over the world: he...Read More
Max interviews Mish Shedlock of MishTalk.com about this take on the Atlanta Fed's GDPNow forecast of 5.4% and the Bank of Japan's wacky offer to spend 'unlimited amounts' buying 10-year bonds.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for...Read More
To understand the risk of contagion, you can think of the marlin in Hemingway's Old Man and the Sea. The marlin started out as a prize catch lashed to the side of the Continue...Read More
CloseGain/LossOn WeekGold $1314.80-$2.40-1.28%Silver$16.32-$0.06-1.69%XAU78.35-1.90%-6.59%HUI174.55-2.15%-7.17%GDM596.91-1.61%-7.11%JSE Gold1131.89-10.58-7.89%USD90.43+0.10+1.42%Euro122.38-0.09-1.77%Yen92.09+0.14+1.36%Oil$59.20-$1.95-9.55%10-Year2.855%+0.026+0.60%Bond143.71875-0.75-0.88%Dow24190.90+1.38%-5.21%Nasdaq6874.49+1.44%-5.06%S&P2619.55+1.49%-5.16% The Metals: Gold gained $3.20 to...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort273,82882,95160,557158,650364,101493,035507,609Change from Prior Reporting Period -24,499-8,1142,9093,960-15,665-17,630-20,870Traders17091814857260192 Small Speculators LongShortOpen Interest 42,28627,712535,321 -6,381-3,141-24,011 non reportable positionsChange from the previo...Read More
- Brexit uncertainty deepens as UK government in disarray- BOE warns of earlier and larger rate hikes for Brexit-hit UK- UK property prices fall second month in row, London property under pressure- No deal Brexit estimated to cost UK ?80bn according to government analysis- Transition period causing major uncertainty for UK and pound- Pound expected to fall as Brexit fears remain into 2018Editor:...Read More
The current volatility in global stock markets should pitch for a very strong case of the need to invest in physical gold to everyone. Gold is the only safe haven. The rest of them can be junk. Once again the debate between paper investment and safe havens. Gold as a safe haven is intended to safe guard against current global investment shocks. Selected stock investment will no doubt give much b...Read More
* Reappointment will reassure jittery investors* PM Abe has expressed "full trust" in Kuroda* Sets Kuroda on course for longest tenure ever (Changes attribution to source, adds details)By Takaya Yamaguchi and Leika KiharaTOKYO, Feb 9 (Reuters) - Japan's government has decided to nominate Haruhiko Kuroda for a rare second term as governor of the central bank when his current one expires i...Read More
TOKYO, Feb 10 (Reuters) - Japan's government has decided to nominate Haruhiko Kuroda as governor of the central bank for another term when his current one expires in April, a person briefed on the matter said on Saturday, a sign the country's ultra-loose monetary policy will remain in place.The reappointment, widely expected by financial markets and reported late on Friday by Japanese media, will...Read More
Gold is down despite risk aversion in the equities, but definitely not out and could witness a revival next week, technical charts indicate. Currently, gold (XAU/USD) is trading at $1314/Oz - down 1.39 percent from last week's low of $1332.60. The rising yield led risk aversion in the global equities is boding well for anti-risk currencies like JPY and CHF. However, gold, despite being a class...Read More
Gold´s decline reaches the 38.2% retracement of the December/January rally. The bearish potential of the bright metal increases, but break below 1,300.00 needed. Gold prices are the most stable across the financial world, trading this Friday marginally lower, but within Thursday's range, as the rout in global equities prevents the commodity from plummeting on increased dollar's dem...Read More
Feb 10 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 12SYDNEY - Speech by Luci Ellis, RBA...Read More
Feb 10 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. Indicates new events -----------------------------------------------------------SATURDAY, FEBRUARY 10** NEW DELHI - Indian Finance Minister Arun Jaitley will address the Central...Read More
(Adds attempt to contact LJM, background on market action)By Trevor HunnicuttNEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Leon...Read More
* Indexes gain over 1 percent Friday after big swings* Technology the day's best-performing group* S&P 500 falls 5.2 percent for week (Adds comments, context)By Lewis KrauskopfFeb 9 (Reuters) - U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading d...Read More
It's A Mad, Mad, Mad WorldI have been an active trader and was licensed as a commodity broker in 1984, which means that I was present for the equities meltdown and crash of 1987. I was also in the industry in 2008 when the US stock market crashed following the banking crisis which resulted in a multiyear recession. Having said that, this week's meltdown in equities contained extremely wild price s...Read More
(Updates throughout with closing prices)TORONTO, Feb 9 (Reuters) - Canada's main stock index fell on Friday, closing at its lowest level in five months, reflecting weakness in mining stocks as gold futures and copper prices declined.* The Toronto Stock Exchange's S&P/TSX composite index closed down 31.08 points, or 0.21 percent, to 15,034.53.* Of the index's 10 main industry groups, seven ende...Read More
(Adds details, table, bitcoin details, paragraphs 4-11)By Gertrude Chavez-DreyfussFeb 9 (Reuters) - Speculators' net short U.S. dollar bets declined for the first time in six weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators i...Read More
NEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in recent market turmoil.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Leonard Sokolow said he owned shares of LJM Preservation and Growth Fund , a o...Read More