Long ago in a distant galaxy called "2017," stock prices rose every day. And the people were happy. With paper profits in hand they maxed out their credit cards andContinue...Read More
The U.S. dollar appears to be finding a floor at $0.885 after six weeks of sharp declines. What does that mean to commodity prices?The "Big dollar" slid almost six percent since mid-December aiding many commodity prices to stage a strong rally.Gold bounced up 8.4 percent, silver soared 10 percent and WTI roar upward by 15 percent. However, all of that "natural resource" joy cam...Read More
The bond market has done the Fed's job for it.The reality is that the Fed is way behind the curve. True, the Fed is raising rates, but it is not raising them fast enough. The market was CLEARLY in a parabolic rise based on the fact financial conditions were too loose.So what happened?US Treasury bonds began to collapse, pushing yields higher, which in turn forced a re-pricing of risk assets (read:...Read More
Continue...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 The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
Before we look at tonight's chart I would like to reiterate once more that we have traded one of the best bull markets runs in history. There was hardly a time over the last year or so that the stock markets were down more than 2 or 3 days in a row. It seemed like every day I would log on to Stock Charts in the morning the SPX would always be up 3 to 5 points. It was just a steady move higher with...Read More
The bond market has done the Fed's job for it.The reality is that the Fed is way behind the curve. True, the Fed is raising rates, but it is not raising them fast enough. The market was CLEARLY in a parabolic rise based on the fact financial conditions were too loose.So what happened?US Treasury bonds began to collapse, pushing yields higher, which in turn forced a re-pricing of risk assets (read:...Read More
CloseGain/LossGold $1317.20+$1.90Silver$16.38+$0.05XAU79.86-0.85%HUI178.39-0.81%GDM606.47-0.63%JSE Gold1142.47-32.32USD90.33-0.02Euro122.47-0.24Yen91.95+0.57Oil$61.15-$0.6410-Year2.829%-0.012T-Bond144.25-0.375Dow23860.46-4.15%Nasdaq6777.16-3.90%S&P2581.00-3.75% The Metals: Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $13...Read More
In the first half of 2017, the GDXJ (VanEck Junior Gold Miners ETF) went through an EPIC rebalancing for junior gold mining stocks, that created a once in a few years opportunity. There was a huge tsunami of capital that flowed into the GDXJ, causing the GDXJ to push up really close to the 20% ownership its Canadian listed gold stocks. We are nearing the 1-year anniversary since the epic rebalanci...Read More
The bond market has done the Fed's job for it.The reality is that the Fed is way behind the curve. True, the Fed is raising rates, but it is not raising them fast enough. The market was CLEARLY in a parabolic rise based on the fact financial conditions were too loose.So what happened?US Treasury bonds began to collapse, pushing yields higher, which in turn forced a re-pricing of risk assets (read:...Read More
By Ira EpsteinBreak in stock indices supports gold.https://www.iraepstein.com/ Read More
Full Article/Video: Gold Will Be Overnight Success, 30 Years In MakingBy: Vince LanciGold has been "benignly ignored" during the recent equities selloff, according to one veteran trader. "Gold is being purely a proxy for the dollar, which is commanding more demand by people in a panic," Vince Lanci, founder of Echobay Partners, told Kitco News.According to the trader, the yellow metal will likely...Read More
Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More
- China gold production falls by 9% to 420.5t in 2017- Chinese gold demand rose 4% to 953.3t in same period- China is largest producer and accounts for 15% of global gold production- China does not export gold. Increasing foreign gold acquisitions to meet demand- Global gold production flat - 3,269t in '17 from 3,263t in '16, smallest increase since '08- Peak Gold is here: supply set to fall g...Read More
The bond market has done the Fed's job for it.The reality is that the Fed is way behind the curve. True, the Fed is raising rates, but it is not raising them fast enough. The market was CLEARLY in a parabolic rise based on the fact financial conditions were too loose.So what happened?US Treasury bonds began to collapse, pushing yields higher, which in turn forced a re-pricing of risk assets (read:...Read More
By Cecilia Jamasmie Processing facilities, which have the capacity to handle 5,000 tonnes of ore daily over five years. (Image courtesy of Northern Vertex Mining.) Shares in Canada's Northern Vertex Mining (TSX-V: NEE) were up Wednesday after the miner said is closer than ever to pour first gold at its Moss mine, in northwestern Arizona.The Vancouver-based company said that roughly 7,800 tonnes...Read More
"The Fidelity Active Trader Platform finally loaded after 80 minutes of trying. I put in 4 orders, but nothing. No indication of orders received, no indication of an execution. Continue...Read More
TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt : XC01VANCOUVER , Feb. 8, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report soluble copper results for diamond drill holes DCH-001 through DCH-040 which were completed as part of the 2017 drill program on the Adriana Zone ("Adriana") and the Katty Zone ("Katty") at its Los Chapitos Project ("...Read More
George Soros is backing a campaign to overturn Brexit, according to the Telegraph.Continue...Read More
By RambusBefore we look at tonight's chart I would like to reiterate once more that we have traded one of the best bull markets runs in history. There was hardly a time over the last year or so that the stock markets were down more than 2 or 3 days in a row. It seemed like everyday I would log on to Stock Charts in the morning the SPX would always be up 3 to 5 points. It was just a steady move h...Read More
By Rory HallThe other thing with gold, which is what I've said for many times, China and Russia have infinitely more gold than people realize. Russia has around 40,000 tons of gold, China is not quiet as much but is not far behind. That's the reality. They've been building enormous gold reserves for years. Why? Because they are building for a future.If people think that gold and silver have no r...Read More