Strengths? The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The poss...Read More
Dear Friend of GATA and Gold:GATA today asked the U.S. Commodity Futures Trading Commission whether it has ever audited the gold reported to it by the New York Commodities Exchange as being eligible or registered for sale and delivery on the exchange.In a letter to commission Chairman Heath P. Tarbert, your secretary/treasurer and GATA consultant Harvey Organ wrote:"Recent turmoil in the gold ma...Read More
Gold, silver, copper and crude oil are all very bullish. Gold can rise to $1800+ by tomorrow if the rise continues. Silver can break past $20.00+ if the rise continues. Crude oil will if it floats over $30.00 this week will rise to $37.60 and more. Copper is bullish as long as it trades over $228. Speculation of negative interest rates by the bank of England will only increase the pace of rise o...Read More
How long it will take the global economy to recover from the Covid-19 pandemic is anyone's guess right now.Could the world's major economic regions be in for an "LUV" recovery similar to the one they saw after the global financial crisis of 2008-09?That was the format of recovery that was expected in 2009 by former Rio Tinto chief executive officer Tom Albanese, who was at the helm of the mining g...Read More
Jim talks with Jason about government power and their financial strategies. The big question concerning government stimulus right now is, "how will we suffer from this?" Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two recor...Read More
Listen to Hedgeye CEO Keith McCullough and David Rosenberg, Chief Economist & Strategist of Rosenberg Research & Associates in this pro-to-pro investing discussion about the current market environment.David Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020. He received both a Bachelor of Arts and Masters of...Read More
On par with the terrible public health costs of covid-19 has been the horrific damage it has done to the global economy. In the US alone, over 36 million jobs have been lost (so far) and Q2 GDP is predicted to be down -43%. Our political and economic leaders have been out at the forefront of the emergency response efforts to deal with this crisis. But in many ways, their "rescue" efforts are just...Read More
The Government is managing the economy through government debt and the Fed printing money. There's no better example of why they do this than when the Fed announced it would create limitless amounts of money in March 2020. Had the Government not printed money, the U.S. would have certainly fallen into a depression. The question you should be asking is, "How long can this go on before we spiral int...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Max Keiser tells us why he thinks Bitcoin, gold, and silver are the best safe-havens and calls altcoins exit scams.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a softw...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Does it seem somewhat bizarre that with the Fed running an open-ended hyperinflation campaign, that silver is still trading at $15? Dr. Marc Faber of the Gloom Boom and Doom Report finds it odd, although simultaneously one of the more attractive investing opportunities most have ever seen. Dr. Faber also comments on the current Fed policy, how it's impacting the world, and how this will all play o...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Now that Mohammed Alshamrani's al-Qaeda ties are definitively proven, it's time to address the real elephant in the room that the mainstream refuses to touch: nearly two decades Continue...Read More
"You could hurt or kill millions of people." "A better vaccine might not be created or it might not be distributed to the widest number of people."Continue...Read More
Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) expects to ship 32 million tonnes of iron ore in 2020, chief financial officer Marcelo Ribeiro said on Friday May 15.The company aims to increase its output rate through the remainder of the year, after heavy rainfall cut production in the first quarter. CSN changed its 2020 output guidance to include third-party purchases...Read More
Major bull rallies in gold stocks have been preceded by generalist investors rushing back into the sector, and this is exactly what is happening right now, said Frank Holmes, CEO of U.S. Global Investors.Holmes discusses sentiment in the gold sector, as well as the historic bitcoin halving that took place last week.Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc....Read More
Mohamed El-Erian, chief economic advisor at Allianz and lead independent director of Under Armour's board, joins "Squawk Box" to discuss Fed Chairman Jerome Powell's latest comments on the economy.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of t...Read More
David Skarica expects the markets to roll-over later this summer when people realize that the return to normal is anything but normal...Collin welcomes back David Skarica a regular guest and friend of the show to discuss the overall markets. David feels that the markets are plateauing at this level and will roll-over later this summer when people realize that the return to normal is anything but n...Read More
"For the economy to fully recover people will have to be fully confident, and that may have to await the arrival of a vaccine," Powell added.Continue...Read More