Peter 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 often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Feb 08, 2018 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Silver has been lagging behind gold in terms of growth in the last year, but one analyst said that now may be a good time to buy into silver. According to Phil Streible, senior market strategist at RJO Futures, a gold-silver ratio above 80 signals a strong buy for silver. The gold-silver ratio was last at 80.43 at the...Read More
*This interview was recorded on 2/7/18Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the P...Read More
Feb 13, 2018 Despite gains earlier this week, gold's price is depressed and should be trading higher. "[Gold] should be a lot higher," Todd 'Bubba' Horwitz of bubbatrading,com told Kitco News, "we should be making new highs with the pressure on equities and what's going on with the dollar." On equity markets, Horwitz said that investors should brace for volatility in the year ahead. "I think the m...Read More
Feb 13, 2018 Guest(s): Dennis Gartman Publisher, The Gartman Letter Market watch Dennis Gartman said he is "reasonably impressed" by gold's upbeat performance Tuesday but is stopping short of saying the metal is in an official bull run."I would say it's a bullish market for gold...I wouldn't go on a limb and say it's a bull market." he said in an interview Tuesday. "Spot gold getting upward thro...Read More
LONDON, 7 February 2018 - Gold trading volumes have leapt on BullionVault amid the global stock-market slump reports today's edition of The Times, the UK's fifth best-selling daily paper. Part of a report spread across two pages of The Times' business section, "Bullionvault, an online precious metals market, said that trading volumes had risen by 133 per cent against its 30-day average," the arti...Read More
LONDON, 7 February 2018 - Gold trading volumes have leapt on BullionVault amid the global stock-market slump reports today's edition of The Times, the UK's fifth best-selling daily paper. Part of a report spread across two pages of The Times' business section, "Bullionvault, an online precious metals market, said that trading volumes had risen by 133 per cent against its 30-day average," the arti...Read More
The comments above & below is an edited and abridged synopsis of an article by Gary M. GallesExamples of political abuse of numbers are abundant."One of the most common misrepresentations of the costs of government spending is ignoring what economists call the excess burden of taxation. In addition to the resources taken from citizens to fund spending, tax wedges between what buyers pay and what s...Read More
The comments above & below is an edited and abridged synopsis of an article by Michelle PriceThree European banks paid a settlement of $46.6 million, and 8 individuals were charged, in a US probe into alleged manipulation of the futures and commodities market.Deutsche Bank, UBS, HSBC and former traders at the banks, as well as individuals at other firms, were charged following a multi-agency probe...Read More
The comments above & below is an edited and abridged synopsis of an article by John Hussman"Last week, the US equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10-12 year total returns, across a century of market cycles. These measures include the S&P 500 price/revenue ratio, the Margin-Adjusted C...Read More
The comments above & below is an edited and abridged synopsis of an article by Frank HolmesIn its outlook for 2018, Thomson Reuters GFMS analysts see gold prices rising to $1,500 an ounce sometime this year on inflation fears. This would put gold at a level unseen since April 2013.The price appreciation could be driven by "concerns that the United States may pull out of NAFTA," the trade pact the...Read More
The comments above & below is an edited and abridged synopsis of an article by Chris MartensonEconomic and market conditions are eerily like they were in late 2007/early 2008. Back then, everything was going well. Home prices were soaring. Jobs were plentiful.The cultural marketing machine was proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Gr...Read More
The comments above & below is an edited and abridged synopsis of an article by Lawrie WilliamsInvestors may be nervous about their equity holdings. A number of analysts and commentators have been saying that equities are overbought and are due for a crash. Some of them have also suggested Bitcoin was in a bubble, and it has dived more than 50%.Is the gold the answer? The gold price has come back,...Read More
Stock Market Cap. Divided by GDPThe only time this indicator has been higher than today was during the Tech Bubble Source: Thomson Reuters Datastream; BMG Group Inc.Read More
(Kitco News) - Copper mining projects were the favorite option of private-equity deals in the mining industry in 2017, with gold projects taking a backseat amid a higher demand for electric vehicles, according to a report by U.K. law firm Berwin Leighton Paisner (BLP).The value of private-equity deals witnessed a rebound in 2017, with investment surging more than 30% to $2.3 billion, said the repo...Read More
Bitcoin's $20,000 bubble mania peak of Mid December that valued the crypto currency at $320 billion has long since been left in the dust as Bitcoin has crashed well below $10,000, wiping out $170 billion of the value of participants holdings. All whilst the crypto coin gamblers obsessed by all things block chain have largely remained in a state of denial, focused on bitcoin soaring to over $50,000...Read More
CloseGain/LossGold $1321.70-$14.60Silver$16.60-$0.10XAU82.10-1.17%HUI181.87-2.12%GDM620.26-2.27%JSE Gold1193.12-7.05USD89.71+0.11Euro123.77-0.15Yen91.34-0.03Oil$63.39-$0.7610-Year2.802%+0.071T-Bond145.625-0.0625Dow24912.77+2.33%Nasdaq7115.88+2.13%S&P2695.14+1.74% The Metals: Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back o...Read More
- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More
Gold rose due to safe haven demand on the global stock market plunge. Gold gained despite a strong US dollar. If gold rises today, then there will be short covering. A lot of short term traders are short. One needs to remain on the sidelines in gold and silver. In case of extreme margin money pressure in stock markets, some of the long positions in precious metals and industrial metals could get...Read More
Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes (t). However, overall demand for the full year fell by 7% to 4,071.7t, compared with 2016, according to the World Gold Council’s latest Gold Demand Trends report.Inflows into exchange-traded funds (ETFs) continued steadily throughout the year, totalling 202.8t, but lagged behind the excep...Read More