Peter KrauthI couldn't be more excited for gold's potential this year.Both 2016 and 2017 were positive years for gold, despite the precious metal's price action. In fact, gold gained 6% in 2016 and doubled that with a 12.7% gain in 2017.Since mid-December, this sector has been on fire, with gold ahead nearly 6% since then. Meanwhile, gold stocks are up 10.9% as a group, and they're quickly outpaci...Read More
Jan 10, 2018 Guest(s): Vince Lanci (Recorded on January 10th, 2018) Gold is up 6% since the Fed raised rates last month, despite net outflows in gold ETFs. Vince Lanci, founder of Echobay Partners, said that not all investors have been flocking away from gold ETFs."GLD has dropped about 10 tons over the last three to five weeks, what you're seeing is small retail get out, and larger funds get i...Read More
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More
Jan 12, 2018 Guest(s): Robert Kiyosaki For bestselling author Robert Kiyosaki, crashes, debt and taxes are the secret to how the are getting richer, so is 2018 setup to deliver?"I hope so," said Kiyosaki the author of Rich Dad, Poor Dad and his latest, How the Rich are Getting Richer. And with the stock market continuing to hit all-time highs, Kiyosaki said the next financial crash is "imminent...Read More
Jan 11, 2018 Guest(s): Carley Garner Co-founder, DeCarley Trading (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, Gar...Read More
old at all time in eight major emerging market currenciesContinue...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
Gold and debt had a positive monthly correlation of 87.7% from 2000 - 2018Source: Thomson Reuters Datastream; BMG Group Inc.Read More
The comments above & below is an edited and abridged synopsis of an article by SRSrocco ReportEnjoy the good times while you can, because when the economy blows up, there is no plan B. Sure, we could see massive monetary printing by central banks to continue the madness a bit longer after the market crashes, but it won't be a long-term solution. Rather, the US and global economies will contract to...Read More
The comments above & below is an edited and abridged synopsis of an article by Sam MeredithThe Dow has broken above 25,000 for the first time, following the release of stronger-than-expected jobs data. In terms of trading days, it was the fastest 1,000-point gain to a round number in the Dow's history. The 30-stock index broke above 24,000 on November 30, 23 trading days earlier. It took the Dow 2...Read More
The comments above & below is an edited and abridged synopsis of an article by RTThe gold accumulated by China and Russia could part of a strategy to move away from international trade denominated in US dollars, according to Singapore's BullionStar precious metals expert Ronan Manly.Manly says that there is a shift occurring regarding the two countries building up their gold reserves; they may ret...Read More
The comments above & below is an edited and abridged synopsis of an article by Lawrie WilliamsLast month, Williams speculated that China's gold demand for 2017 would again exceed 2,000 tonnes. He was correct (2,030 tonnes), demonstrating that talk of falling gold demand in Asia's economic giant was premature. Gold demand did not equal that of 2015, but exceeded that of 2016 by around 3%.There is d...Read More
The comments above & below is an edited and abridged synopsis of an article by Adrian AshThe year begins with smart people saying 2018 looks good for gold investing, and so far, the market agrees.The gold price in dollars just made its strongest run of back-to-back daily gains since February 2016, rising on 10 out of 11 trading days.Analysts forecast solid prices for 2018. A possible stock market...Read More
The comments above & below is an edited and abridged synopsis of an article by Clint SiegnerMetals investors may have missed it, but gold just had its best year since 2011. Perhaps in a year like 2017, 13% gains are not inspiring. US stocks finished about 25% higher for the year, and cryptocurrencies left all other asset classes in the dust.Luckily, precious metals have served both as an inflation...Read More
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More
CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
(Kitco News) - Despite bears being in control of bitcoin’s trading action lately, as the price level remains stuck at around $14,000, negative opinions about the popular cryptocurrency are being tamed.The latest example is Jamie Dimon, CEO of J.P. Morgan Chase, who told Fox Business on Tuesday that he “regrets” calling bitcoin a “fraud” back in September.Dimon said he...Read More
Gertrude Chavez-Dreyfuss, Trevor HunnicuttNEW YORK (Reuters) - The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to market.Bitcoin’s 1,500 percent surge last year has stoked investor demand for any product with exposure to the red-hot asset. A host of companies are jostling to launch exchange-traded funds which would open up the cryp...Read More