This week, Eric Sprott gives his take on the latest US jobs report and the impact it is having today on precious metal prices. He also discusses the latest charges of bank price manipulation in gold and silver.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's larges...Read More
In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on Donald Trump and the Deep state with an interview with the former Presidential candidate and congressman Ron Paul and Journalist Andrew Meyer. This as the president faces off against the FBI and the release of the FISA memo. Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for presid...Read More
The most famous libertarian alive, Ron Paul, will not be allowed to speak at the Libertarian National Convention.Continue...Read More
By Ira EpsteinGold holds key support levels and advances nicely.https://www.iraepstein.com/ Read More
The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines?Continue...Read More
Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.Read More
The comments above & below is an edited and abridged synopsis of an article by Lance RobertsThere is a general consensus that the markets have entered into a permanently high plateau, coupled with an overwhelming sense of complacency: Debt doesn't matter as long as interest rates are low.But rising debt levels have a negative economic consequence. Today it requires $3.83 to create a Reagan-era $1....Read More
The comments above & below is an edited and abridged synopsis of an article by Howard KunstlerThe blow-off in the stock markets is supposedly America's consolation prize for what many regard as the bad acid trip of the Trump presidency. But it's just another hallucination, and while the markets have roared up, reality is at work, namely in the dollar and bond markets.A financial smash-up is the on...Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanWe are in record territory; the market has had 395 trading days since it's had a 5% drop, and that has never happened before in recorded history.The world's central banks had never dreamed of snatching $22 trillion of fiat credit from thin air prior to 1995, either. But in the 9 years since the financial c...Read More
The comments above & below is an edited and abridged synopsis of an article by Craig HemkeLate Friday, reports hit Reuters that the CFTC would soon levy fines for spoofing (placing buy and sell orders with the intent to cancel them before completing the transactions) and price manipulation in the futures markets, and that has come to pass. Read the entire press releaseIn short, Deutsche Bank, UBS...Read More
The comments above & below is an edited and abridged synopsis of an article by SRSRocco ReportLeverage in the economic system has become so extreme that investors have no idea of the disaster in store during the next stock market crash. The 2008 crash was merely a warm up for the continued disintegration of the global financial system.While the US and global economies have continued as usual sinc...Read More
The comments above & below is an edited and abridged synopsis of an article by Brian BainAvi Gilburt is a leading contributor on Seeking Alpha and one of 21 Seeking Alpha contributors who participated in the January 2018 DIY Investing Summit.Avi was asked what his long-term views are on gold. He said he believes we are on the cusp of a decades-long bull market.How big of a deal could this be? He c...Read More
Ounces of gold required to 'buy' one unit of the Dow JonesThe Dow / Gold Ratio has only been higher twice in the past 118 years.Sources: MeasuringWorth.com; Thomson Reuters Datastream; BMG Group Inc.Read More
(Kitco News) - Last year was a disappointing one for Australian bullion sales, as The Perth Mint - country’s official bullion mint and gold refinery - reported a sharp drop in ounces of gold and silver coins sold.Gold sales were at 365,410 ounces on an annual basis in 2017, which was 29.8% lower than 2016’s 520,295 ounces sold and 19.8% lower than 2015’s 455,630 ounces, CoinNews...Read More
CloseGain/LossGold $1345.70+$8.90Silver$17.33+$0.22XAU87.66+1.27%HUI196.44+1.24%GDM663.10+1.04%JSE Gold1245.08+5.68USD89.10-0.13Euro124.13+0.16Yen91.70-0.27Oil$64.73+$0.2310-Year2.720%-0.004T-Bond147.78125+0.40625Dow26149.39+0.28%Nasdaq7411.48+0.12%S&P2823.81+0.05% The Metals: Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon's...Read More
- FBI warns of attacks in US after similar crimes in Taiwan, Thailand and Europe- Hackers have stolen c.$1 million from ATMs across the US warns U.S. Secret Service- Target Diebold Nixdorf machines - #1 global ATM provider, 35% of ATMs worldwide- Digital deposits increasingly vulnerable - Time to save in physical goldEditor: Mark O'ByrneSource: TechViral.net$1 million has been stolen from AT...Read More
Trump is a joker. It is better to ignore his state of the Union address and focus on economic fundamentals and central bank excesses. The US January ADP employment number will impact currencies and precious metals only if it is on the extreme higher/lower side of expectation. Physical demand for gold and silver will be the key. There will be a sell off if there is no physical demand for gold sil...Read More
* Aussie shares rise 0.7 percent* Materials and financials lead the gains* NZ falls on utilities and consumer discretionary By Aditya SoniFeb 1 (Reuters) - Australian shares rose on Thursday, underpinned by strong gains in mining stocks and financials after an upbeat lead from Wall Street, while sentiment also got a boost from data showing Australia's manufacturing expanded last month.The S&P...Read More
SHANGHAI, Feb 1 (Reuters) - China's central bank said it will skip open market operations for the sixth straight trading day on Thursday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will drain 80 billion yuan ($12.73 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Thurs...Read More
USD rises across the board after FOMC statement. Fed kept rates unchanged and left the door open for a March rate hike. Gold hits fresh weekly low near $1,330/oz. The US dollar rose moderately across the board after the release of the FOMC statement. The stronger US dollar pushed gold to the downside. Initially, the yellow metal rose to $1,344/oz approaching daily highs b...Read More