Production drilling contracts have fortified Capital Drilling's (LN: CAPD) earnings base, but the company is poised like a number of others for a sustained rebound in exploration spending, which seems to be on the cards. Capital's latest results provide more evidence a corner has been turned in the sector.Staff reporter19 MARCH 201819/03/2018commentsshare The Mauritius-headquartered company's 2017...Read More
Bill Miller was the former Chairman and Chief Investment Officer for Legg Mason Capital Management where he managed over 75 billion dollars. He has been called "The Greatest Money Manager of the Decade" by Morningstar, a member of the "Power 30" by SmartMoney, and a member of the "All-Century Investment Team" by Barron's. During the discussion, Mr. Miller talks about the current market conditions,...Read More
By Gary TanashianThe Bonds segment of NFTRH 491 took a turn to tin foil territory to allow the letter writer to expose newer subscribers to his ideological views and thus, bias. #491 also got pretty talky on the precious metals as it did a thorough review of the sector's status, with silver's symmetry to 2016 a very key item. Hint: An ill-fated bounce like so many that have come after the 2016 t...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
By John MauldinThe Basic Questions I Wanted Answered at SICA General Consensus About a Potential RecessionThe Return of VolatilityThe Rise of Global DebtWhere to Put Money to Work TodayThe Coming Political StormsIt Takes a TeamIt's been a week and I'm starting to recover from my post-SIC high. It's a weird feeling. I love SIC, yet processing it all takes time. Imagine one of those brain maps tha...Read More
Dear Friend of GATA and Gold:GATA's and gold's old friend Larry Parks, executive director of the Foundation for the Advancement of Monetary Education (FAME, http://fame.org), calls attention tonight to the third-quarter 2017 report of the U.S. Comptroller of the Currency, which shows that just several government-insured U.S. banks hold $45 billion in derivative positions related to monetary meta...Read More
Dear Friend of GATA and Gold:Gold researcher Ronan Manly, whose work is regularly posted at Bullion Star and publicized by GATA, has provided to Russia Today a detailed report on the history and mechanisms of gold price suppression by major governments and central banks.While its details will not be new to those who follow GATA, Manly's report may be most significant for establishng again that t...Read More
The gold miners’ stocksremain deeply out of favor, trading at prices seen when gold was half or even aquarter of current levels. So manytraders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from thetruth! The major gold miners’recently-released Q4’17 results prove they are thriving. Their languish...Read More
On Thursday crude oil wavered between smallgains and losses, but finished the day only 23 cents above Wednesday closingprice. Such small daily changes that we observe recently don’t look too encouragingfor oil bulls or for the bears. However, to dispel boredom, we rummaged deeper inthe charts and we found something that may interest both sides of the market’sbattle. Curious?Nevertheles...Read More
"Businesses that make money by collecting and selling detailed records of private lives were once plainly described as 'surveillance companies,'" Snowden tweeted.Continue...Read More
According to the latest available data, foreigners owned 48% of all Treasury debt. Although it's still high, the Wells Fargo economists note that it is down from 60% in 2008. Though following the implementation of trade tariffs it is very likely that this percentage of foreigners owning 48% of all Treasury debt will decline further because as stated before the central banks will get in less US dol...Read More
Show HighlightsGerald Celente, founder of the Trends Research Institute, returns to the show with new commentary on the geopolitical arena and financial markets. Our guest is concerned that the US US could be drawn into a military conflict in the Middle East or with NK with potentially dire consequences. US equities indexes have benefited from artificial and unsustainable stock buybacks.Gerald C...Read More
We have seen downgrade after downgrade on Barrick Gold (ABX) for years. Many keep looking lower and lower, with some even considering that this stalwart in the miners’ complex may even go out of business due to its debt load.However, back in 2015, it was one of the first miners to bottom. In fact, when we saw the potential bottoming of ABX in 2015, we actually opened our EWT Miners Portfolio...Read More
Brittany Pettibone:PayPal: https://www.paypal.me/BrittanyPettibonePatreon: https://www.patreon.com/BrittanyPetti...Martin Sellner:https://martin-sellner.at/unterstuetz...Lauren Southern:Patreon: https://www.patreon.com/laurensouthernPaypal: https://www.PayPal.Me/LaurenSouthernBitcoin Wallet: 1JLM6GJwaPdNv4dM8K5KkcFHeziXXXMGKT Read More
You know the expression: "Get in, strap down, shut up, hang on!" For the agonizing narrow road upon which Gold has been slowly trudging these recent weeks is due to suddenly widen into a superhighway. And there's no week like this new week for it to happen. But here's the key question: in which direction? Up or down? Doubtless in a week's time we shan't find Gold where it settled yesterday (Friday...Read More
"Peter Cook is the author of the 'Is That True?' series of articles, which help explain the many statements and theories circulating in the mainstream financial media often presented as "truths." The motives and psychology of market participants, which drives the difference between truth and partial-truth, are explored."Most people are aware that GDP growth has been lower than expected in the a...Read More
Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed?Summary of the SurveyThe views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current level,...Read More
Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it's been building a pennant formation. I don't know how significant it will be when the BEV plot breaks above or below the pennant, as technical analysis in today's "regulated" markets isn't what it used to be. However, I'm still short term bullish, expecting more BEV Zeros in the Dow Jones' BEV chart before t...Read More
Gold closed the week at $1312 but has downside risk to $1290-$1300 with strong support at $1265. Gold Stocks have already discounted this weakness in Gold and could reach an oversold extreme over the next week or two. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which...Read More
By Gary TanashianThe Bonds segment of NFTRH 491 took a turn to tin foil territory to allow the letter writer to expose newer subscribers to his ideological views and thus, bias. #491 also got pretty talky on the precious metals as it did a thorough review of the sector's status, with silver's symmetry to 2016 a very key item. Hint: An ill-fated bounce like so many that have come after the 2016 t...Read More