Stocks refuse to go down, even when Trump and Bannon declare war on one another as it appeared on Wednesday. The Dow Jones Industrial Average, the S&P 500 and Nasdaq jumped to new records on Wednesday, Jan. 3, as global markets continued to ride a bullish wave powered by synchronized growth and accelerating corporate profits. The Dow Jones Industrial Average was up 0.40% to finish at 2...Read More
The Dow Jones Industrial Average, the S&P 500 and Nasdaq set intraday record highs on Wednesday, Jan. 3, as global markets continued to ride a bullish wave powered by synchronized growth and accelerating corporate profits. The Dow Jones Industrial Average gained 57 points, or 0.23%, and hit an intraday high of 24,894. The S&P 500 rose 9.6 points and topped 2,700 for the first t...Read More
European stocks rebounded firmly Wednesday, while U.S. equity futures pointed to another set of records on Wall Street as global markets continue to ride a bullish wave powered by synchronised growth and accelerating corporate profits. The Stoxx 600 Europe index, the region's broadest measure of share prices, added 0.24% in the opening two hours of trading, driven in part by solid gains for...Read More
After overindulging during the holidays, most folks strive to get their lives back on track in January…This year will be different! No more sweets. No booze. Instead of snacking on the couch and binge-watching my favorite shows, I'll hit the gym three days a week...Of course, there are plenty of companies ready to cash in on your dubious resolutions. Weight Watchers (NYSE:WTW) is hyping the...Read More
Dear Reader,A new, long-term, secular bull market in gold has begun.This new trend will take gold past $1,400 per ounce by the end of 2018, past $4,000 per ounce by 2020 (if not sooner) and ultimately to $10,000 per ounce or higher by the mid-2020s.This bull market actually began on Dec. 17, 2015, when the dollar price of gold sank to $1,051 per ounce. This new bull market was two years old last w...Read More
The most important piece of evidence that the next great bull market in gold has begun is the technical behavior of the prior bear market itself.Over many decades, commodities rallies have exhibited 50% retracements (bear markets) before resuming their long-term upward trends based on the slow, steady devaluation of the fiat currency in which the commodities are priced.Using the $252 price from Au...Read More
Too many people are dying on our roads.The number of deaths annually - nearly 40,000 - means someone dies in a car every 13 minutes.The economic impact related to care and productivity losses amounts to over $80 billion. The National Highway Traffic Safety Administration estimates the overall economic cost of traffic accidents approaches $1 trillion.Despite the daunting figures, the truth is motor...Read More
Welcome to 2018!!It’s a brand new year with a brand new Trump agenda in play.And this time, there’s $1 trillion in government payments up for grabs!You might think that Trump and the Republicans might take a few weeks to catch their breath after passing the highly contested tax cut at the end of 2017.But even before leaving Washington for his Christmas vacation, Trump told reporters to...Read More
The December issue of BullionStar's 'Gold Market Charts' looks at developments in the world's major physical gold markets during November, the latest month for which the relevant data is available. Each month, this series of article uses gold charts from the GOLD CHARTS R US market charting website.SGE Gold WithdrawalsPhysical gold withdrawals from the vaults of the Shanghai Gold Exchange (SGE...Read More
CloseGain/LossGold $1321.90+$7.00Silver$17.20+$0.06XAU87.79+0.81%HUI198.76+0.72%GDM663.40+0.37%JSE Gold1305.19-33.54USD91.87-0.31Euro120.68+0.56Yen88.70-0.27Oil$62.01+$0.3810-Year2.452%+0.012T-Bond152.34375+0.03125Dow25075.13+0.61%Nasdaq7077.92+0.18%S&P2723.99+0.40% The Metals: Gold fell $9 to $1305.90 in Asia, but it then climbed to as high as $1325.80 in New York and ended with a gain of...Read More
By Ira EpsteinGold now in longest streak of winning days since 2011.https://www.iraepstein.com/ Read More
By Alasdair MacleodThis might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar's primacy will be challenged by the yuan as the pricing medium for energy and other key industrial commodities. After a...Read More
By Clint SiegnerMetals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011.Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained rou...Read More
Recently Gold and long-term bond prices have trended in the same direction. When bond yields declined, Gold gained. However, in the past few months Gold has held up well and performed as long-term bond prices move towards a potential major breakdown.Read More
By BullionStarhttps://www.bullionstar.com/The December issue of BullionStar's 'Gold Market Charts' looks at developments in the world's major physical gold markets during November, the latest month for which the relevant data is available. Each month, this series of article uses gold charts from the GOLD CHARTS R US market charting website.SGE Gold WithdrawalsPhysical gold withdrawals from t...Read More
By RambusTonight I would like to start out by looking at the $CDNX, Canadian Venture Composite Index, which blasted higher last week and is following through this week. The reason this index is so important is because it not only has many junior precious metals stocks, but also many small cap energy related stocks as well as other speculative venture capital stocks from other sectors. This is a...Read More
By Gary SavageThe gold:oil ratio has been trending in favor of oil for a number of months. I look for this trend to reverse soon in favor of gold.https://blog.smartmoneytrackerpremium.com/ Read More
- Palladium prices surge to new record high over $1,100/oz today- Palladium surges past record nominal price seen in 2001 after 55% surge in 2017- Best-performing precious metal and commodity of 2017 is palladium- Palladium prices top platinum prices for first time in 16 years- Strong Chinese car demand and switch from diesel to petrol cars sees demand surge- Supply crunch as six year supply...Read More