A big swing state is gearing up for legalized pot sales in the next couple of months.It could quickly become one of the biggest markets for marijuana nationwide.But first let's take a look at the cannabis cash cow up north.Canadian Pot Stocks on Major RipEveryone’s gearing up for July 2018 in Canada.That's when the Canadian government expects to have legislation in place fully legalizing rec...Read More
More all-time highs are in the books for the major averages as a temporary fix to the government shutdown come through and earnings season starts off hot...But the real action is in happening in biotech stocks. A couple of big buyouts paved the way for some impressive biotech gains to kick off the new trading week.First up, Celgene Corp. (NADSAQ:CELG) plunked down $9 billion to acquire Juno Therap...Read More
Exchange-traded funds backed by bullion reach 2,250 tonsGold extends gains after posting the best year since 2010Gold Soars as Crypto Currencies PlungeInvestors are piling into exchange-traded funds backed by gold, pushing assets to the highest in more than four years.Holdings climbed to 2,250 tons on Monday, the highest since May 2013, according to data compiled by Bloomberg. The rise in ETFs com...Read More
There appears to an inverse relationship between Bitcoin and gold: one moves up, the other moves down; one moves down, the other moves up.Based on Elliott Wave analysis, Bitcoin appears to have made a new low and is poised for a move up in the coming week.The Bitcoin Investment Trust is a margin-free instrument that is traded on the OTC and allows traders with a set strategy to take advantage of B...Read More
Tech may prevent spread of conflict minerals, money launderingBullion joins commodities from oil to tomatoes in ledger pushGold Soars as Crypto Currencies PlungeGold is going digital.Blockchain technology may help keep track of the roughly $200 billion of the precious metal dug from remote mines, traded by middlemen and melted down by recyclers that’s sold each year to buyers scattered arou...Read More
Investing.com - Gold prices edged higher on Tuesday, supported by a weaker U.S. dollar languishing near three-year lows after U.S. lawmakers reached a deal to end a government shutdown.Comex gold futures were at $1,336.10 a troy ounce by 3:15AM ET (0815GMT), up around $4.00, or 0.3%, from the last session's closing price.Meanwhile, silver futures tacked on 5.0 cents, or 0.3%, to $17.04 a troy ounc...Read More
CloseGain/LossGold $1357.70+$16.70Silver$17.56+$0.51XAU92.08+2.42%HUI207.17+2.19%GDM688.77+2.23%JSE Gold1313.95+48.88USD89.25-0.87Euro124.02+1.04Yen91.76+0.97Oil$65.61$1.1410-Year2.652%+0.006T-Bond148.65625-0.5625Dow26252.12+0.16%Nasdaq7415.06-0.61%S&P2837.54-0.06% The Metals: Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumpe...Read More
For the past few years the "strong dollar" has been so central to the global financial story - enabling ever-lower interest rates and ever-higher financial asset prices pretty much everywhere - that it's easy to forget how illusory "strength" is for fiat currencies. Since mid-2017 that illusion has been evaporating, as the dollar falls (both against other fiat currencies and assets like oil, bit...Read More
Colorado Springs, CO., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for January 2018 payable on February 23, 2018 to shareholders of record as of February 12, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxa...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
By Frank HolmesIn a year when the S&P 500 hit all-time highs, gold also held strong, finishing 2017 up 13.5 percent, according to the World Gold Council. Gold's annual gain was the largest since 2010, outperforming all major asset classes other than stocks. Contributing to this gain was a weaker U.S. dollar, stock indices hitting new highs and geopolitical instability, all of which fueled uncert...Read More
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
Topics Include:*Central Banks have bought more gold than UST's since 2013*Why we are potentially on the cusp of a new set of rules for the international monetary system*Financial elites with the IMF and the Fed have said that the international monetary system is incoherent...there is no anchor*What Central Banks shifting from net sellers of gold, to net buyers of gold is signalling*Why the United...Read More
By Gary SavageThis video explains the currency and gold setups in place before the dollar began its precipitous breakdown and then projects price and time targets for a reversal of their current trends.https://blog.smartmoneytrackerpremium.com/ Read More
For greed all nature is too little.Seneca Whenever the masses fully embrace a market, trouble is usually close at hand, and that's what occurred with bitcoin; the masses were completely enamoured with Bitcoin. The masses were euphoric and were expecting bitcoin to soar to the next galaxy. Wild targets of $100,000 were being issued that sounded more like the ravings of a lunatic than of an exper...Read More
What does 2018 hold for investors? In this episode, Robert & Kim are joined by Dennis Gartman, publisher of The Gartman Letter. Gartman has been actively investing and publishing for over 40 years, and oftentimes offers a contrarian's view. Find out what his projections are for gold, stocks and commodities.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance bo...Read More
By Gary TanashianAs the long-term interest rate Amigo continues upward, the anti-USD 'inflation trade' continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come.Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writ...Read More
Billionaire hedge-fund manager Ray Dalio said that the bond market has slipped into a bear phase and warned that a rise in yields could spark the biggest crisis for fixed-income investors in almost 40 years.Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of th...Read More