By Graham SummersRates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt....Read More
Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - A new surge of buying has moved ahead the forecast for an intermediate term top.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the...Read More
The changes to US taxes that were approved late last year have drawn acclaim and criticism, but in most cases both those who view the tax changes positively and those who view the tax changes negatively are missing two important points.Most criticism of the tax changes boils down to one of three issues. The first is that the tax cuts favour the rich. This is true, but any meaningful tax cut wil...Read More
To say that gold's weekly volume was big is like to say that snails are not the fastest animal. You can't say that it's a lie, but it doesn't really convey the entire truth, either. Gold's weekly volume was highest EVER. Yes, ever. There was not a single week - not ever during the 2011 top or when gold declined in 2008 - when gold moved on volume that was higher than what we saw last week. Is t...Read More
The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More
Peter KrauthGold prices are nearing a two-year high, and I didn't think that would be possible this early in 2018…But the key driver of rising gold prices continues to be the sinking dollar, and the Trump administration's mixed signals on the dollar are helping push it down.Here's what I mean…The U.S. Dollar Index (DXY) fell down to 90 on Tuesday, just before U.S. Treasury Secretary St...Read More
Gold prices have risen 5% in the last six weeks, breaking $1,350 an ounce for the first time since June 2016.Money Morning Resource Specialist Peter Krauth says this recent rise is the beginning of a breakout for the precious metal, one that has massive profit potential for the individual investor.Peter's enthusiasm has given us our gold price prediction for 2018. According to Peter, gains of near...Read More
Justin's note: Today, I'm featuring a new interview with Doug Casey and Crisis Investing editor Nick Giambruno on one of the top money-making opportunities in 2018: uranium.Continue...Read More
By Ira EpsteinMetal markets pull back in a consolidation manner in front of Tuesday night's State of the Union speech and Wednesday's FOMC Announcement.https://www.iraepstein.com/ Read More
Jan 31, 2018 Guest(s): Amir Adnani CEO, UEC; Chairman, GoldMining Inc. With the mounting global debt, rallying equities and political turmoil, it would be "absurd" not to be protected with gold, this according to Gold Mining CEO Amir Adnani. Speaking on the sidelines of the Vancouver Resource Investment Conference (VRIC), Adnani who previously said it was "crazy" not be in gold, has upped the an...Read More
Jan 30, 2018 Guest(s): Vince Lanci U.S. stocks and the dollar were down on Tuesday's session, but gold hasn't rallied on the news. Vince Lanci of Echobay Partners said that gold's failure to respond to the dollar signaled that the yellow metal was overbought the first time it rallied."Gold's underperformance, or not getting the message from the dollar today, is a red flag," Lanci told Kitco New...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Silver has often rebounded nearly 100% within 12-15 months afterContinue...Read More
(Kitco News) - Gold equities are underperforming strong gold prices, which reveals a “clear buy signal,” according to BMO Capital Markets.“Gold equities have underperformed the metal and are now trading at early 2016 levels - a clear buy signal that is starting to be noticed,” Andrew Kaip, BMO Capital Markets analyst, said in a note published on Friday.The underperformance...Read More
SHANGHAI, Jan 29 (Reuters) - China's central bank said it will skip open market operations for the third straight trading day on Monday as liquidity levels in the banking system were "appropriate and stable".On a net basis, the People's Bank of China (PBOC) will drain 140 billion yuan ($22.15 billion) from the money market for the day, equal to the amount of reverse repos due to mature o...Read More
* Dollar index near 3-year low as Mnuchin comments vibrate* Dollar also losing investment edge By Hideyuki SanoTOKYO, Jan 29 (Reuters) - The dollar wobbled near three-year lows against a basket of major currencies on Monday, struggling to pull ahead from six straight weeks of losses amid its evaporating yield advantage and doubts about Washington's commitment to a strong currency. The dollar's in...Read More
(Kitco News) - U.S. President Donald Trump’s ‘America First’ agenda “keeps on giving to the commodity bulls,” which is creating a bid for gold, TD Securities said in a report.“The gifting started back in November 2016, when the newly minted President-elect Trump promised America a massive infrastructure spending program. More recently, the President followed up...Read More
* Aussie shares up 0.4 pct* Banks gain the most and oil prices support energy stocks* NZ shares up 0.2 percent as telecom and utilities firm By Aditya SoniJan 29 (Reuters) - Australian shares firmed on Monday, led by financials, taking a cue from Wall Street which closed at record levels after strong earnings reports. Boosted by the latest round of earnings including Intel and AbbVie , the three...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.3 pct, CSI300 +0.4 pct, HSI +1.5 pct* HK->Shanghai Connect daily quota used 15.7 pct, Shanghai->HK daily quota used 18.3 pct* HK->Shenzhen Connect daily quota used 8.8 pct, Shenzhen->HK daily quota used 14.7 pct* CNY official close 6.3295 per dollar* FTSE China A50 +0.5 pct, BNY Mellon ADR China Select Index +2.2 pct SHANGHAI, Jan 29 (Reuters...Read More
Jan 29 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-J...Read More