The rebound in the precious metals sectorcontinues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocksled by the HUI Gold Bugs Index and GDX also made a new high with juniors andSilver right behind. The greatest traders say the move comes first and then thereason later. When it comes to Gold we are always analyzing the reason behindthe moves so we can distinguish between reactions...Read More
By Dave KranzlerEvery month consumer debt in aggregate hits a new record. Auto loans and student loans have been hitting monthly record highs for quite some time. In November credit card debt hit a record high in total and increased a record monthly amount for any one month. Mathematically this can't go on forever. In fact, there are signs - indicators not reported widely by the financial media...Read More
Over the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017.The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%.Put simply, core inflation is rising rapidly... and the Fed is WAY behind the curve.Small wonder the US Dollar is collapsing, breaking through critical resistance.The BIG PICTURE chart is even uglier, suggesting the $U...Read More
If officials at the Securities and Exchange Commission (SEC) are bothered by allegations of incompetence and capture by Wall Street's bankers, it is hard to tell. The Commission recently hired Brett Redfearn to serve as Director of the Division of Trading and Markets. Redfearn left a 13-year stint at JP Morgan to assume a key role in regulating banks, investors and traders.The SEC, and other regul...Read More
VANCOUVER, BRITISH COLUMBIA / January 16, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the Company has engaged Highbury Energy Inc. ("Highbury") to assist in preparing a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke ("petcoke").BackgroundPetcoke is a carbon material by-product of the oil...Read More
Graceland Updates By Stewart Thomson 1. Gold and related investments are off to a very positive start in 2018. I don't expect any major pause in the action until China's Golden Week holiday celebrations get underway.2. Chinese gold dealers will be on holiday this year from about February 15 to February 21. This creates a significant vacuum in gold demand. As dealers and Chinese...Read More
The 91.57 downside target we were using for the dollar looked promising as a place for a powerful bounce to occur. Instead, sellers crushed it on Friday, putting in play a significantly lower target at 88.29 that I would rate as almost certain to be reached. If so, it would add 2.9% to the Dollar Index's so far 12.4% decline from the 103.82 high recorded a year ago.It would also undoubtedly quicke...Read More
Full Article: Look Past U.S. Dollar's Plunge, 2018 Could Be Its 'Last Hurrah' - Capital EconomicsBy: Anna Golubova(Kitco News) - The current U.S. dollar's plunge is temporary, says Capital Economics, noting that a recovery is on its way, but warning that the currency might face renewed pressure in 2019.The Fed's plan to tighten its monetary policy this year will be the main underlying factor sup...Read More
China and Russia have employed an "aggressive" buildup of their gold reserves over the last decadeContinue...Read More
By Graham SummersOver the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017.The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%.Put simply, core inflation is rising rapidly... and the Fed is WAY behind the curve.Small wonder the US Dollar is collapsing, breaking through critical resistance.The BIG PICTURE chart is even uglier...Read More
Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China's Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013, w...Read More
By Gary SavageThis video examines the concept of controlling greed at tops and limiting anxiety at bottoms using multi-month charts of GDX and Gold.https://blog.smartmoneytrackerpremium.com/ Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 3.02 percent. After polling neutral last week, gold traders and analysts are back to a bullish view of gold, according to the Bloomberg survey. This week gold ETFs added 91,867 troy ounces of gold to their holdings, the largest one-day increase since early December.? Inflation increase...Read More
By Clint SiegnerIf officials at the Securities and Exchange Commission (SEC) are bothered by allegations of incompetence and capture by Wall Street's bankers, it is hard to tell. The Commission recently hired Brett Redfearn to serve as Director of the Division of Trading and Markets. Redfearn left a 13 year stint at JP Morgan to assume a key role in regulating banks, investors and traders.The SE...Read More
Some commentators have made a big deal over the Yuan-denominated oil futures contract that will soon begin trading in Shanghai, but in terms of effect on the global currency market this appears to be a very small deal.With or without a Yuan-denominated oil futures market there is nothing preventing the suppliers of oil to China from accepting payment in Yuan. In fact, some of the oil imported by...Read More
By Steve St. AngeloChinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China's Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the s...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comJanuary 15, 2018 Price ratios determine relative value of the precious metals and are useful parameters in deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and gold-silver ratios from the United States' abandonment of the gold standard i...Read More
- JP Morgan continues to accumulate the biggest stockpile of physical silver in history- "JPM now holds more than 133m oz -more than was held by the Hunt Bros" - Butler- Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today- Money managers showing more optimism towards silver through record buying- "Near impossible to rule out an upside price surprise at any moment"Edi...Read More
Look for signs of profit taking in gold and silver as US markets reopen. Any further rise in gold and silver will be dependent on the ability or inability to break past key resistances of $1358 and $1754. Over the past two years gold has not been able to break $1380. It will not be easy to break $1380 on fears of sharp correction. However in case gold breaks and trades over $1380 anytime before...Read More
Oil shot higher in recent weeks due to inventory draws and threats to Iranian production. In 2016, Trump campaigned against the historic Iranian Nuclear Agreement, but extended approval last week, vowing to end the deal in May unless Europe agrees to tougher terms for Iranian compliance. With Iran producing almost 4 million barrels a day courtesy of this nuclear agreement, there is a consider...Read More