By: Ira EpsteinGold has had the highest close in months! This is not bad action. Daily chart shows back filling. 18-DMA holding up market.. Read More
Just trade in the technical till Monday. Trump and his impeachment could be closed by Friday. This can result in some mild correction in gold. It remains to be seen how the prices in all metals and energies will move once China reopens. Various US jobs numbers will be released next week. Focus will be on global economy next week. Fundamentals will dictate price of all metals and energies next we...Read More
Trade disputes and geopolitical uncertainties had already made the prospects for global economic growth uncertain. A coronavirus has now added to the challenges facing financial markets.The epicenter of the virus is Wuhan, an important commercial hub in China that is home to 11.9 million people, including the country's largest student population. It is also a manufacturing hub, with around 500 fac...Read More
A new book put out by a so-called economic and political expert espouses the view that narratives shape reality and perception, which to some extent is true. But listen to Charles Nenner and learn about cycles. Perhaps it's the cycle that shapes the narrative and reality. Right now the narrative is all about the Coronavirus and its impact upon the economy. But perhaps, if it wasn't the virus, it w...Read More
Slides and Sources: https://www.itmtrading.com/blog/time-...A recent IMF survey of 17 advanced economies looked at every financial crisis between 1870 through 2013 and found that there is "a strong link between inequality and financial stability."In 1971 the average wage was $9,870. In 2019 the average was $48,672 according to the BLS (Bureau of Labor Statistics). Which would you rather have? But...Read More
*This video was recorded on 1/23/20This DoubleLine Event at the Peninsula in Chicago features Jeffrey Gundlach and Jeffrey Sherman as they discuss Macro & Markets, moderated by Sam Lau.Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in...Read More
Charles Hugh Smith calls the Federal Reserve an evil organization. Their meddling in the economy results in the concentration of wealth to those at the top of the wealth pyramid and is fueling asset bubbles, creating widening wealth inequality.Discussed in this interview:01:53 Where has the trillions printed gone?05:12 Gap between Fed's theory vs reality08:29 Fed-created cartels16:19 The Fed is ev...Read More
Here for his first appearance with us in 2020, David Morgan, known as The Silver Guru, and founder of TheMorganReport.com, returns to Finance and Liberty / Reluctant Preppers to give us his outlook on where silver, gold, and mining stocks are likely headed. Morgan also shares a healthy dose of his studied philosophical perspectives on the economy, major trends, and impactful pitfalls of our time....Read More
They cut his mic off at the end..."We love Europe, we just hate the European Union."The European Union "gives people power without accountability.""You may loathe populism, but I'll tell you a funny thing, it's becoming very popular."Nigel Farage is a UKIP Member of Parliament for the South East of England. Elected in 1999, he has used his experience of the EU to increase awareness of its activiti...Read More
"In the last few days the progress of the virus, especially in some countries, especially human-to-human transmission, worries us," the WHO Director-General said on Wednesday.Continue...Read More
Katherine Anne Castor who is the Democrat from the 14th district in Florida who is an attorney who apparently became a politician because she has difficulty with understanding the Continue...Read More
"Over the past few weeks we have witnessed the emergence of a previously unknown pathogen that has [resulted in] an unprecedented outbreak." "We must act together now to limit the spread." Continue...Read More
The Centers for Disease Control and Prevention and Illinois public health officials said Thursday the first person-to-person transmission of the coronavirus in the United States has been confirmed. Continue...Read More
Gold prices have been consolidating for a few months already, and the next breakout could take prices to 2011 highs of $1,923, this according to Peter Reznicek, head trader at shadowtrader.net."For me, the target just has to be the prior all-time high in 2011. I'm just looking at the $1,923 level, that would be fine, and then reassess the situation from there," Reznicek told Kitco News.Read More
While investment demand rose to record levels last year, physical demand sharply declined to a nearly 10-year lowContinue...Read More
Preliminary findings show the presence of sulphides at depth on the property. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that the now completed induced polarization and resistivity (IP) survey at its Pamlico project in western Nevada detected "several strong and well-defined anomalies.""The preliminary results of the IP survey are extremely encouraging as they are inte...Read More
The China Council for the Promotion of International Trade is offering "force majeure certificates" to businesses in China affected by the outbreak of the Wuhan novel coronavirus."Businesses that have failed to perform on contracts on time, or fails to fulfil any international trade contract can apply to the council for a certificate," it said on its website.The move is to safeguard the rights and...Read More
The company makes the changes to manage its "broad and responsible approach to advancing projects with community support." Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it has "expanded the responsibilities and scope of its environmental and permitting team in response to the growing importance and complexity of earning and maintaining the social licence to build and oper...Read More
Facebook carved out a heavy day for stocksU.S. stocks just barely shook free of the lasting coronavirus headwinds today, with all three major indexes seeing a quick recovery into the black during the last hour of trading. Earnings also remained in focus, as Facebook (FB) weighed heavy on the tech sector and S&P 500. Paring some of today's afternoon losses were well-received reports from Coca-Cola...Read More
The stock has been in cool-down mode since hitting fresh highs earlier this month Makeup manufacturer Estee Lauder Companies Inc (NYSE:EL) has been in cool-down mode since hitting an all-time peak just north of the $220 region on Jan. 17, thanks in part to a post-earnings bear gap that left the equity trading right below the $200 level. Fortunately for EL, though, familiar support at the 160-day m...Read More