By Clint SiegnerSeveral U.S. states and the federal government are hopelessly insolvent. It's something many bullion investors have known for years.The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don't matter. That moment drew closer last week when ratings agencies downgraded Illinois state bonds to one...Read More
This post is a rehash of something I wrote at TSI last September in response to the article titled "The Gold Standard and Debt Jubilee". The article is a confused jumble of Marxist, biblical and capitalist ideas/assertions, but its gist is that we need both a debt jubilee and a gold standard. My views are that a gold standard is not a worthwhile objective and that a debt jubilee would be both an...Read More
By Frank HolmesSurprising no one, President Donald Trump announced his decision to withdraw the U.S. from the Paris climate agreement last week, highlighting the depth of his commitment to keep "America First." Also surprising no one, the media is making much of the fact that the U.S. now joins only Nicaragua and Syria in refusing to participate in the accord.Trump was under intense pressure fro...Read More
By Steve St. Angelo, SRSrocco ReportWell, it looks like the Wild West in Crypto-currency Land just got a lot more Wild. The Crypto-currency, CloakCoin, mentioned by Clif High during his interview with Greg Hunter on USAWatchDog shot up a stunning 300% in two days. Before Clif's interview was published, CloakCoin was trading a for a little more than a buck... $1.029. However, today, its tra...Read More
It's time to raise our sights, since AAPL has blown out of a consolidation pattern that took more than two weeks to create. My new rally target is 162.09, a Hidden Pivot resistance that will become an odds-on bet once AAPL has surpassed the midpoint pivot at 155.90 by perhaps $1.50 or closed above it for two consecutive days. This looks like such an easy romp that it's difficult to imagine the r...Read More
Gold Today -New York closed at $1,279.60 yesterday after closing at $1,278.20 Friday. London opened at $1,289.50 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: EUR was slightly stronger at $1.1246 after yesterday's $1.1264: EUR1.- The Dollar index was slightly weaker at 96.73 after yeste...Read More
- Deposit bail in risk as stocks and bonds of Spanish bank - Banco Popular - crash- Banco Popular stock crashes most on record - down 63% this year to 34 euro cents- Spanish bank tells employees - "Don't panic"- Risk of Spanish banking crisis as Banco Popular credit curve inverts- Banco Popular needs to find at least EUR4 billion more capital - analysts- Deposits over EUR100,000 (euro) vulnerabl...Read More
Developments in Qatar will be closely watched. Energy is the root cause of all Middle East wars. After Qatar, Oman will be left. Oman could also start turning into a Yemen from next year. The so called energy war in the Middle East is a joint effort by the Saudi's and NATO to make new nations including expansion of Israel. Iran is a powerful nation and also has the support of Russia. The Syrian...Read More
Part 2Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition...Read More
Max & Stacy talk about a recent article published by the Intercept (read here) discussing Russian hacking of the 2016 presidential election and war between CIA and NSA.Read More
"There is no limit to how high gold can go, because there's no limit to how low the [US] dollar can go."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 q...Read More
Join my Steemit movement! Click here: https:[email protected]My newest Stock Picks. Click here: https://traderschoice.net/The-Equity-...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 econom...Read More
A gold standard would just not work today, at least that's what author and Inc. editor James Ledbetter thinks. Speaking with Kitco News days before the release of his latest book - One Nation Under Gold - he shares his strong views against returning to a gold standard. I don't see a return to a gold standard making any sense either for the U.S. or the world economy, it would be tremendously disrup...Read More
Rudi Fronk and Jim Anthony, the cofounders of Seabridge Gold, discuss the significance of gold breaching its downward sloping trend line. Today, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, although it has come close a number...Read More
With primary targets still not accessible due to weather, secondary targets are the focus, and analysts Ryan Walker of Echelon Wealth Partners and Adam Melnyk of PI Financial weigh in on the latest results. In a June 5 press release, Victoria Gold Corp. (VIT:TSX.V) announced assays for its Eagle West zone, a secondary target, directly adjacent to its primary Eagle Gold Deposit. The highlighted E...Read More
With the commissioning phase of the processing plant complete, full production at this Mexican mine has resumed. Great Panther Mexico Project MapGreat Panther Silver Limited (GPR:TSX; GPL:NYSE.MKT) announced on June 1 that it has completed the commissioning of the processing plant of the Topia mine in Durango, and that the facility is operating at planned capacity.The company also noted that it...Read More
Price DataSymbolDatePriceChange52 Wk RangeVolumeOTCMKTS:JAGGF06/06/2017USD0.31100.02000.6500 - 0.270023,895TSE:JAG06/06/2017CAD0.42000.02500.8500 - 0.3500101,096Alert me when stock is updatedQuick LinksLogin to accessDescriptionJaguar Mining Inc are a gold focused mid-tier producer with two producing mines in Brazil, two mines in development in Brazil and two exploration properties. Currently they...Read More
The Dow Jones Industrial Average (DJIA) spent the entire session in negative territory, as traders took a risk-off approach ahead of several potentially volatile events later this week. Ongoing turmoil in the Middle East also weighed on investor sentiment, though oil prices managed to erase earlier losses on expectations for a drop in domestic supplies. The S&P 500 Index (SPX) and Nasdaq Composit...Read More
The stock market is still trading in negative territory, even as oil prices swing higher. Among specific stocks making big moves are retailer Macy's Inc (NYSE:M), heavy machinery maker PACCAR Inc (NASDAQ:PCAR), and Apple supplier Advanced Micro Devices, Inc. (NASDAQ:AMD). Here's a quick look at what's moving shares of M, PCAR, and AMD.M Stock Sinks to New Low After Gross Margin WarningMacy's stock...Read More
A couple of "penny stocks" created a blip on our trading radar this week. Specifically, LCD panel provider AU Optronics Corp (ADR) (NYSE:AUO) and video infrastructure concern Harmonic Inc (NASDAQ:HLIT) sent up potential "buy" signals on the charts. Below, we'll take a look at AUO stock and HLIT stock, both of which could benefit from a short squeeze.AUO Stock Attempting to Fill Bear GapThe shares...Read More