U.S. Inflation Unexpectedly Picks Up in DecemberU.S. retail sales increased in December for a fourth month, indicating strong consumer demand throughout the holiday season, according to Commerce Department figures released Friday.Highlights of Retail Sales (December)Overall sales rose 0.4% (est. 0.5%) after a revised 0.9% November gain (prev. 0.8%)Sales excluding motor-vehicle dealers also increas...Read More
ProphetsCryptocurrencies Steal Volatility Away From StocksEarnings drive fluctuations in equities, but there are no such yardsticks for bitcoin -- only the waxing and waning of enthusiasm for a potentially revolutionary asset class.by Dean CurnuttMore stories by Dean CurnuttRead More
Adam HamiltonArchivesJan 12, 2018 The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold in...Read More
(Kitco News) While the gold market has its issues, it still surpasses bitcoin in may ways, according to a veteran trader. "Bitcoin has no intrinsic value," said Carley Garner, president of DeCarley Trading, in an interview with Kitco News, "Bitcoin is more of an idea than an asset at this point, in my opinion." Turning to gold, Garner said the yellow metal has room to move $30 higher due to seaso...Read More
Stocks traded higher Friday, Jan. 12, and the three major equity indexes reached intraday records as big U.S. banks kicked off the fourth-quarter earnings season. The Dow Jones Industrial Average rose 187 points, or 0.73%, the S&P 500 rose 0.52%, and the Nasdaq gained 0.48%. Leading the Dow higher were Home Depot Inc. (HD) , Merck & Co. (MRK) and Boeing Co. (BA) . JPMorgan &...Read More
U.S. stocks looked set to test further record highs Friday as corporate earnings surprised to the upside and helped lift markets to their best start to a year in at least three decades. Futures contracts tied to the Dow Jones Industrial Average gained around 100 points from their record close Thursday, indicating fresh all-time highs for the benchmark at the opening bell following stronger-than-...Read More
Yamana released today its preliminary results for the year 2017, which were above forecast.Both gold and silver production are anticipated to surge in 2018-2019 as the Cerro Moro adds to cash flow (production of 80K Oz of gold in 2018).Yamana has entered into a copper advanced sales program pursuant to which the Company will receive $125.0 million on January 12, in exchange for 40.3 M Cu Lbs.I be...Read More
The stock market is on another unstoppable tear as we finish another successful trading week.Stocks are popping left and right. It feels like every single stock and sector is getting a lift from the melt-up rally. But if you want to book the best possible results as you ride the next wave higher, it's crucial to pinpoint the market's strongest breakouts.Here's the fuel that's powering the market h...Read More
Greetings from Las Vegas!This week is the Consumer Electronics Show, otherwise known as CES.It’s the largest event of its kind. Over 170,000 people are expected to attend from all over the world to get a sneak peek at thousands the most innovative products and gadgets BEFORE they’re available to the public.Just this week I took a test drive in a self-driving car down the Las Vegas Stri...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record high, or just a case of futures speculators once again panic-buying themselves into an untenable long p...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”and then on Jan. 7, in NFTRH 481:“What HUI actually did was immedia...Read More
Usually we have a commentary of some kind as a back story to what is going on in the PMs. Our commentaries have become fewer and fartherbetween because of the absurdity of government control, which in turn is controlled by the ruling elite.Not a day goes by that the president elect, Donald Trump, is not severely criticized by mainstream media, both televised and in print.We have never seen this ki...Read More
Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point which suggests the bulls are eager to get positioned. A touch of the top rail will complete...Read More
The Heart and Soul of French Canada - "Rocket" RichardThe face you see above is none other than the man I watched in 1958 (I was five) score an unassisted goal carrying two Maple Leaf defencemen on his back - Maurice "the Rocket" Richard. The Rocket was the first player in NHL history to score fifty goals in regular season play (1944-45) but what set him apart was that he did it in fifty games, a...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short-term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More
Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point, which suggests the bulls are eager to get positioned. A touch of the top rail will complete...Read More
After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:"With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play."and then on Jan. 7, in NFTRH 481:"What HUI actually did was immediately push up into...Read More
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Power.Read More
Click Here to Listen to the InterviewBill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bi...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Continue...Read More