As we noted in yesterday's missive, the new Fed Chair Jerome Powell is rapidly changing the focus of the Fed in terms of monetary policy.A large component of this stems from Powell's experience prior to join the Fed. Indeed, Powell is the first Fed Chair with any kind of banking experience (albeit investment banking) since Alan Greenspan: former Fed Chairs Janet Yellen and Ben Bernanke were both c...Read More
How often have you heard the phrase "the government will never let it happen"? It almost doesn't matter what the topic is youContinue...Read More
Legendary investor Rick Rule, Chief Executive Officer, Sprott US Holdings, speaking ahead of his appearance at Mines and Money Asia, is positive on gold equities for 2018."I am bullish on precious metals equities and specifically gold equities. Precious metals equities are reasonably priced and within this gold equities relatively underperformed in 2017. In 2018 I expect gold equities to play catc...Read More
Gold is showing solid rallies from my $1310 area buy zone (basis April futures). From both a love trade and fear trade perspective, the fundamental picture is becoming more positive.I've repeatedly highlighted the fact that while America has the world's richest economy, China's economy is vastly bigger.Courtesy of the Visual Capitalist, this snapshot of Chinese commodity demand should provide a si...Read More
CloseGain/LossGold $1333.70+$14.10Silver$16.74+$0.31XAU80.80+2.15%HUI177.86+2.01%GDM615.99+2.08%JSE Gold1140.09+31.92USD89.62-0.38Euro124.10+0.74Yen94.26+0.01Oil$62.60+$0.0310-Year2.884%UNCHT-Bond144.1875+0.0625Dow24884.12+0.04%Nasdaq7372.01+0.56%S&P2728.12+0.26% The Metals: Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close,...Read More
WASHINGTON (Reuters) - The U.S. Director of National Intelligence, Dan Coats, said on Tuesday that Washington would have to know far more before assessing North Korea’s reported willingness to hold talks with the United States on denuclearization.“Hope springs eternal, but we need to learn a lot more,” Coats told the U.S. Senate Armed Services hearing on “Worldwide Threats....Read More
As we noted in yesterday's missive, the new Fed Chair Jerome Powell is rapidly changing the focus of the Fed in terms of monetary policy.A large component of this stems from Powell's experience prior to join the Fed. Indeed, Powell is the first Fed Chair with any kind of banking experience (albeit investment banking) since Alan Greenspan: former Fed Chairs Janet Yellen and Ben Bernanke were both c...Read More
Major blow to the EU! The populist Five Star Movementwon about one-third of the votes in the Italian general elections. It’s anothernegative shock for the European establishment. Will these stars shine on gold? Five Stars MovementTriumphsWe live in strange times. To be a hairstylist, youneed a license. But you can become a politician being just a comedian andtelling jokes. We refer here to B...Read More
Despite what President Trump said, history is quite clear about what major tariffs like Smoot Hawley https://en.wikipedia.org/wiki/Smoot%E... and other similar attempts at taxing imported goods can do to both trading partners and to the global economy as a whole. Read More
Ontario's Minister of Northern Development and Mines, Michael Gravelle, announced today that the Northern Ontario Heritage Fund Corporation will provide funding to companies developing innovative technology for mining projects in the northern section of the province.Talking at the Prospectors and Developers Association Convention in Toronto, Gravelle said that by supporting such ventures his offic...Read More
Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of steel billet imports into the UAE increased, sources told Metal Bulletin on Tuesday March 6. Demand for locally produced rebar in the UAE was still strong. Domestic rebar The major rebar producers in the UAE rolled over their prices for March and April production las...Read More
CloseGain/LossGold $1333.70+$14.10Silver$16.74+$0.31XAU80.80+2.15%HUI177.86+2.01%GDM615.99+2.08%JSE Gold1140.09+31.92USD89.62-0.38Euro124.10+0.74Yen94.26+0.01Oil$62.60+$0.0310-Year2.884%UNCHT-Bond144.1875+0.0625Dow24884.12+0.04%Nasdaq7372.01+0.56%S&P2728.12+0.26% The Metals: Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lowe...Read More
Trump tariff or no tariff, Ron Paul warns a 'calamity' will hit stocks from CNBC.The situation facing stocks may appear more ominous with the addition of President Donald Trump's tariff threat. But libertarian Ron Paul suggests Wall Street is missing the bigger picture.The real trouble stems from Federal Reserve policy and easy money, according to the former presidential candidate. Read More
Major blow to the EU! The populist Five Star Movement won about one-third of thevotes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold?Five Stars Movement TriumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Bepp...Read More
Full Article/Video: 100% Certainty of RECESSION Within 2 YearsBy: Bob Moriarty100% Certainty of RECESSION Within 2 YearsFull Article/Video: 100% Certainty of RECESSION Within 2 YearsBy: Bob MoriartyRead More
LONDON (Reuters) - World share markets regained ground on Tuesday as news that the United States and North Korea will meet for talks next month came on top of hopes that President Donald Trump’s political allies would convince him to avoid a global trade war.The broadest gauge of global stocks, MSCI’s All Country World Index, was up more than 0.6 percent for a second day and Wall Stree...Read More
South Africa's Directorate for Priority Crime Investigation arrested 33 people that were illegally extracting gold at the rehabilitated Ellerton mine, just outside the northeastern town of Giyani.In a joint operation that involved the Serious Organised Crime Investigation Unit?EUR? the Department for Mineral Resources?EUR? the Provincial Organised Crime Unit?EUR? Public Order Police?EUR? the Air W...Read More
Turkish steel producers have continued to book deep-sea scrap for April amid strong demand for their finished steel products, sources said on Tuesday March 6.Imported scrap prices into Turkey have risen further with the recent bookings, sources told Metal Bulletin.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $374.75 per tonne and...Read More
By Bill HolterHow often have you heard the phrase "the government will never let it happen"? It almost doesn't matter what the topic is you are talking about, nothing "bad" can ever really happen ...or so it is thought. The reason of course is because we are so many years into "MOPE" (management of perspective economics). No matter what has happened in the past, the media, Wall Street, and the g...Read More
"It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic tax reform."Continue...Read More