CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it st...Read More
Last week we identified a prime chart pattern in natural gas that matched our technical analysis and cycle price prediction system. This type of setup is our favorite as it leads to quick juicy profits and the last setup we had like this in natural gas I think we pocketed 74% return in 12 days using the ETF UGAZ. Charts speak for themselves so let me show you what myself and our subscribers are in...Read More
Trade wars will increase as the Trump administration is considering clamping down on Chinese investments in the USA along with imposing tariffs on a broad range of Chinese imports. Gary Cohn resigning as Trump's top economic advisor will be bearish for the US dollar and bullish for gold. Key US economic data releases begin from today with February US private ADP jobs number. It remains to be s...Read More
European steel association Eurofer supports the plan announced by the European Commission (EC) to counter the trade sanctions to be introduced by the United States under its Section 232 rules.The EU is ready to react proportionately and fully, in line with World Trade Organization (WTO) rules, if the US measures are formalized and are seen to affect the EU's economic interests, the EC said.US Pres...Read More
- Gold no longer fears or pays attention to Fed announcements regarding interest rates- Renewed interest in gold due to inflation fears and concern Fed won't do enough to control it- Higher interest rates on horizon will make debt levels unsustainable- New Fed Chair warns "the US is not on a sustainable fiscal path" and could lead to an "unsustainable" debt load- Higher interest rates are good f...Read More
Gold prices slipped on Wednesday on profit taking after hitting a one-week high earlier on news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar.Market watchers said the departure of economic adviser Gary Cohn, a former Wall Street banker, would embolden protectionist forces in the U.S. administration as U.S. President...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
We’ve been warning about the future moves in the metals markets for a week to our members and readers. Our most recent work showed the metals needed to decline a bit before any new advancement leg could properly setup. Just recently, we profited from the Gold and Silver pulled back taking advantage of our downward predicting, which should setup a strong leg higher which is starti...Read More
The financial media is awash with claims that Gary Cohn's resignation as Chief Economic Advisor is triggering a market collapse.While it's true that a market collapse is starting again, it has nothing to do with Gary Cohn.How do I know?Because Gary Cohn first wrote a resignation letter back in August 2017 in the wake of the Charlottesville mess... and stocks exploded higher beginning one of their...Read More
With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war.Continue...Read More
Trade wars will increase as the Trump administration is considering clamping down on Chinese investments in the USA along with imposing tariffs on a broad range of Chinese imports. Gary Cohn resigning as Trump's top economic advisor will be bearish for the US dollar and bullish for gold. Key US economic data releases begin from today with February US private ADP jobs number. It remains to be s...Read More
Representatives from the community-based organization Marange Development Trust appeared before Zimbabwe's Parliament to denounce that people in the Marange diamond fields are experiencing worse living conditions now that the Zimbabwe Consolidated Mining Company is in charge of the area.According to Chairman Malvern Mudiwa, the different kinds of abuses that villagers have been enduring for decade...Read More
Prices for domestic mesh-quality wire rod produced and delivered in Europe remained flat this week, with the market being underpinned by healthy lead times, sources said."Stocks are low, there is not much material around and the 'good' season is coming," one Southern European mill source said on Wednesday March 7.A Northern European producer source agreed, adding that his mill was...Read More
By Ira EpsteinGold higher off of Gary Cohn resignation as top economic to President Trump in late afternoon announcement.http://iraepstein.com/ Read More
We are only a little over one year into the Donald's Presidency and what we know most for sure is that our new President loves debt. Not onlyContinue...Read More
WASHINGTON (Reuters) - A majority of Republican lawmakers in the tightest congressional races are changing their message on guns, expressing new support for restrictions after last month’s high school shooting in Florida, according to a Reuters review of the candidates’ public statements.Eleven Republican incumbents face elections in 2018 widely seen as toss-ups or leaning against the...Read More
The financial media is awash with claims that Gary Cohn's resignation as Chief Economic Advisor is triggering a market collapse.While it's true that a market collapse is starting again, it has nothing to do with Gary Cohn.How do I know?Because Gary Cohn first wrote an resignation letter back in August 2017 in the wake of the Charlottesville mess... and stocks exploded higher beginning one of their...Read More
– Gold no longer fears or pays attention to Fed announcements regarding interest rates– Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it– Higher interest rates on horizon will make debt levels unsustainable– New Fed Chair warns “the US is not on a sustainable fiscal path” and could lead to an “unsustainabl...Read More
CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into th...Read More
CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it st...Read More